Tag: Crypto

Booming Crypto Trading Powers Robinhood Earnings Beat, Analysts Raise Targets

Robinhood (HOOD) shares surged in pre-market activity Thursday after the popular trading app reported fourth-quarter earnings that beat Wall Street estimates driven by a massive jump in crypto revenue. The company reported $358 million in crypto transaction revenue in the quarter, the highest contribution from digital-asset trading to date,...
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[Exclusive] Michael Saylor’s MSTR-Linked ETFs Are ‘Not For Long-Term Investors’ Say Crypto Experts: ‘…They Also Double The Potential Loss’

Cryptocurrency experts have warned against the use of double-leveraged Bitcoin (CRYPTO: BTC) exchange-traded funds, emphasizing that these are designed for short-term trading strategies due to their daily rebalancing and inherent volatility. While the long-term investors risk significant losses. What Happened: The double-leveraged ETFs tracking Strategy Inc. (NASDAQ:MSTR), formerly MicroStrategy,...
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Top Meme Coins to Buy Now As the Sector Grows 1,500%

Meme coins were the fastest-growing sector in 2024, with an over $100B or 1,500% cumulative market cap increase. In contrast, Bitcoin’s market cap didn’t even grow 200%. The second top gainer was the RWA (Real-World Asset) token sector with a roughly 900% increase. While trading activity slowed down in...
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Crypto Daybook Americas: Bitcoin Eyes PPI for Post-CPI Guidance on Fed

By James Van Straten (All times ET unless indicated otherwise) After Wednesday’s unexpectedly high consumer price inflation (CPI) figures, all eyes now turn to the produce price report due at 8:30 a.m. Analysts expect year-over-year PPI to come in at 3.2%, below December’s 3.3%, with a month-on-month reading of...
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U.S. Bitcoin ETFs See Third Straight Day of Outflows, Totaling $494M, as BTC Stalls

U.S. spot-listed bitcoin (BTC) exchange-traded funds (ETFs) have seen three consecutive days of outflows totaling $494 million. Wednesday’s outflows were the largest of the three, with $251 million, which saw BlackRock’s iShares Trust (IBIT) register a $22.1 million outflow, with Fidelity Wise Origin Bitcoin Fund (FBTC) registering the largest...
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