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SanDisk, Western Digital Drop 10% as Guidance Misses
SanDisk and Western Digital fell roughly 10% in pre-market trading despite reporting strong quarterly results, as forward guidance failed to match elevated expectations after massive AI-driven rallies
Nintendo profits surge 53% on US tariff refund
Nintendo posted a 53.5% profit surge to ¥147.4bn for the quarter ending June, lifted by a US tariff refund after the Supreme Court ruled Trump's 'Liberation Day' levies illegal — even as revenue fell
Situational Awareness Invests $400M After Near-Collapse
Situational Awareness, the hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, deployed $400 million into an undisclosed private company just days after nearly collapsing under margi
Russian president signs crypto law, core rules take effect in 2026
Russian President Vladimir Putin signed a long-debated crypto regulation bill into law, establishing a formal framework for exchanges, custodians and brokers with core rules taking effect September 1,
More than 900 million SpaceX shares unlock today. Here’s what to know - CNN
More than 900 million SpaceX shares previously held by insiders unlock and hit the market today, with investors bracing for potential volatility from the sudden supply increase.
RWAs buck DeFi slowdown as tokenized assets gain traction: CoinShares
Real-world asset (RWA) tokenization is bucking the broader DeFi slowdown, with spot trading volumes up roughly 220% year-over-year even as overall DEX volumes fell about 70%, according to a CoinShares
SoftBank Beats on Intel Gain as OpenAI Goes Flat
SoftBank beat quarterly profit expectations on a massive gain from its Intel stake, while OpenAI contributed zero this quarter — a reversal from the prior period that underscores the Japanese conglome
PowerCompute Pledges 307 BTC to Refinance $18M at 2%
Bitcoin miner PowerCompute refinanced $18 million of existing debt into a single Bitcoin-collateralized credit facility with Arch Lending at roughly 2% APR, sharply cutting borrowing costs compared to
Nintendo's fiscal first-quarter profit and revenue beat estimates, despite Switch 2 sales slump
Nintendo beat analyst estimates for both revenue and profit in its fiscal first quarter ended June 30, posting 517.8 billion yen in revenue and 147.4 billion yen in net profit even as Switch 2 hardwar
Live updates: Bitcoin flatlines near $64,000 ahead of Friday's jobs report
Bitcoin hovered near $64,830 Thursday as traders awaited Friday's jobs report, with the crypto's near-term path pinned to oil, real yields and the dollar rather than fresh crypto-native demand.
S&P 500 added all of crypto's $2 trillion market cap in a month while bitcoin barely moved. Here's why
The S&P 500 added roughly $2.1 trillion in market cap this month while Bitcoin barely moved, hovering around $64,600, as analysts attribute the divergence to AI-driven stock concentration, crypto-spec
SpaceX float doubles as 911.5M-share unlock begins
SpaceX saw roughly 911.5 million shares—about 140% of its current public float—become eligible for trading after an earnings-linked qualifying condition was satisfied, more than doubling the stock's t
Emerging Markets Wipe 21% in AI Chip Rout
The AI chip rally that pulled emerging market stocks out of obscurity has reversed violently, wiping 21% off the MSCI EM index as Korean and Taiwanese tech giants — now over 40% of the benchmark — saw
Aschenbrenner's Situational Awareness Returns With $400M Bet
Leopold Aschenbrenner's hedge fund Situational Awareness has made a $400 million investment in a privately held company, the fund's first major move after nearly buckling under margin calls from Wall
Sandisk Q4 Revenue Soars 372%, But In-Line Guidance Dips Stock
Sandisk posted Q4 revenue of $8.97 billion—up 372% year-over-year—and forecast Q1 revenue largely in line with consensus, sending shares down about 2% after-hours despite the beat and an expanded $14
Lummis Pushes CLARITY Act Vote Before August Recess
Senator Cynthia Lummis is pressing for a Senate vote on the Digital Asset Market Clarity Act before the chamber's month-long August recess, but the bill still lacks a scheduled vote and faces Democrat
Bitcoin in Death Cross as Zcash Holds Golden Cross
Bitcoin remains trapped in a death cross near $64,656 while Zcash, fresh off its Ironwood upgrade, trades at $520.33 in a golden cross — but both assets lack the technical conviction to confirm a dire
AMD Drops 6.6% Despite Beating Revenue Forecast
AMD shares dropped 6.6% to $482.53, erasing roughly $59 billion in market value, as investors demanded clearer evidence that the AI spending boom will accelerate growth despite a Q3 revenue forecast a
Citadel fund surges 6% after Situational Awareness swoop
Citadel's flagship fund surged 6% in the wake of a 'Situational Awareness swoop,' as the Situational Awareness hedge fund returned to investing with a $400 million bet following its earlier meltdown.
Ex-LAPD Officer Sentenced to Life for $350K Bitcoin Robbery
A Los Angeles judge sentenced former LAPD officer Eric Halem to life plus 15 years in prison for orchestrating a December 2024 home invasion in Koreatown that netted $350,000 in Bitcoin from a 17-year
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