Trump Media and Technology Group reported accumulating losses in the third quarter, despite the cryptocurrency investments yielding certain positive returns. The mother company of Truth Social reported a net loss of $54.8 million, which is almost three times the loss of $19.3 million in the same period last year. The
XRP had a notable day on Saturday, climbing 3.6% to $2.31 and outperforming Bitcoin and Ethereum during that time. Its price broke above near-term resistance at $2.28 with volume 86% above, and this marks XRP’s largest one-day move in over a week. The move came as institutional developments started to
Bitwise, an asset manager, is preparing its highly awaited spot ETF for Dogecoin by submitting its fourth amendment to the US Securities and Exchange Commission (SEC) in November. The amended S-1 filing notes key information, including the fees for the ETF to be competitive at 0.34%, and the ticker symbol
Block Inc., led by Jack Dorsey, had a rocky session as its shares fell 11.53% after hours after an earnings miss in the third quarter. The company reported earnings per share of $0.54 compared to analysts’ estimates of $0.63 EPS, and revenue of $6.11 billion against consensus of $6.33 billion.
Arabian Crypto: UAE — Success Stories from Digital-Asset Pioneers is a new book written by Charles d’Haussy and Jame DiBiasio. This book provides a rare behind-the-scenes look at how the United Arab Emirates transformed itself into one of the most vibrant crypto capitals on the planet. The book is a
Miami Mayor Francis Suarez has publicly claimed that he has made about 300% returns on his Bitcoin salary payments, and is not worried by recent cryptocurrency market volatility. Nevertheless, the discrepancies between his alleged purchase price and the actual time of his announcement of the salary in Bitcoin have raised
The third quarter results of Robinhood Markets were impressive and far surpassed the expectations of Wall Street, driven by the massive expansion of its cryptocurrency trading division. The cryptocurrency unit of the trading platform earned a record-breaking amount of $268 million in the quarter, which is four times higher than
Gemini Space Station Inc. is strategically preparing to roll out prediction market services as an extension of its ambitious expansion strategy after a successful public listing. The cryptocurrency trading company, which was started by two twin entrepreneurs, Tyler and Cameron Winklevoss, submitted the required paperwork to the Commodity Futures Trading
As a major move towards the regulation of digital assets, Canada has announced detailed regulatory actions on fiat-backed stablecoins as part of its 2025 federal budget. The relocation is based on the same regulatory step by the United States, which passed stablecoin legislation in the form of the GENIUS Act
The investment firm ARK Invest, led by Cathie Wood, has increased its investment in cryptocurrency exchange Bullish, buying about $12 million of new shares this week. The acquisition is made when Bullish is showing good momentum after its recent platform growth and regulatory success in the United States market. The
