Elon Musk’s SpaceX posted a second-quarter revenue of $7.8 billion, surpassing forecasts and reducing its losses significantly. The company’s cryptocurrency holdings saw a considerable decrease
Tag: Markets
LBank Partners with Pudgy Penguins to Expand Beyond Trading
A strategic alliance between LBank and Pudgy Penguins is underway, reflecting a wider shift within the cryptocurrency exchange sector. The collaboration aims to integrate crypto
BlackRock Launches First European Tokenized Share Classes
The world’s largest asset manager, BlackRock, has taken a significant step into the digital asset space with the launch of its first tokenized access to
Yellow Card Raises $40 Million to Expand Stablecoin Infrastructure
Investment round boosts total equity financing to over $120 million as firm seeks to disrupt traditional payment systems. Yellow Card, a U.S.-based stablecoin payment infrastructure
Bitcoin and Ethereum ETFs See Mixed Performance in July, with ETH Outpacing BTC
Bitcoin and Ethereum ETFs showed divergent trends in July, with Ethereum funds attracting significantly more capital and recording their strongest monthly performance in a year.
CME Challenges SEC Approval of Nasdaq’s Bitcoin Index Options
CME Group has challenged the Securities and Exchange Commission’s conditional approval of Nasdaq’s proposal for bitcoin index options, arguing the contracts fall under the Commodity Futures Trading Commission’s jurisdiction, with the SEC postponing the approval pending a full review.
Bitcoin Futures Underperform U.S. Treasuries as Carry Trades Lose Luster
Bitcoin futures have consistently underperformed U.S. Treasuries since February, with carry trades yielding just 3% compared to an average 3.8% return on two-year Treasuries. This
