Bitcoin Depot Inc. (BTM) delivered earnings and revenue surprises of -533.33% and 9.81%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Goldman Sachs, Morgan Stanley and hedge funds like Renaissance Technologies loaded up on spot bitcoin ETFs in the second quarter.
A FINRA study found nearly 400 firms, or 65% of the broker-dealers surveyed, have some hand in crypto assets and trading, as the once-novel asset class becomes normalized. But that still doesn't make it normal for regulators.
Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.
New "BitVM2" paper from Robin Linus and a team of co-authors marks a leap forward from the initial design. Project would rely on advanced cryptography and a novel design to facilitate a secure "bridge" for transferring bitcoins from the main network to auxiliary networks known as "rollups." Unlike the earlier incarnation, BitVM2 is "permissionless," allowing anyone to challenge suspicious transactions, not just a fixed set of operators.
Mortgage rates inched higher this week as markets await a potential interest rate cut from the Federal Reserve at its September policy meeting. According to the latest Freddie Mac data (Federal Home Loan Mortgage Corporation), the typical 30-year fixed mortgage rate climbed to 6.49%, a modest increase from the previous week's 6.47% and marking the lowest average levels in over a year. Yahoo Finance housing reporter Dani Romero breaks down the details, providing insights into what it means for home buyers and sellers in the broader housing market. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
Wednesday's Crypto4Harris town hall showed Democrats are finally engaged with the industry. Still, it’s not clear what Harris thinks about crypto, or would do about it if elected.
In a massive endorsement for cryptocurrencies from the Democratic faction, Senate Majority Leader Chuck Schumer (D) emphasized the importance of "sensible and long-lasting" regulation for the industry. Don't Miss: 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet? According to Cathie Wood, holding 6 Ethereum (ETH) could make you a millionaire, here’s why it can be true. Don’t miss out on the next Nvidia – you can invest in th
The blame this time can't be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Goldman Sachs has bet heavily on BlackRock’s iShares Bitcoin Trust, which has garnered significant institutional interest from Wall Street.