Tron Guards Against Short Squeezes With $2B Reserve Deployment
(Twitter) Tron founder Justin Sun has moved with speed to deploy $2 billion worth of reserves as short-sellers circled the token. Funding rate of shorting #TRX on @binance is negative…
China’s Online Education Stocks Jump as Viral Tutoring Videos Raise Revival Hopes
(Bloomberg) Shares of online education platforms added double digits on Monday on speculation that China may relax the grip that has sent the stocks tumbling this year. The gains followed…
Celsius Pauses Withdrawals Sending Native Token Down 45%
(Celsius) Celsius native token CEL fell more than 45% on Monday after the crypto lending service announced a pause on withdrawals. The crypto lender also said it would suspend swap…
US Inflation Accelerates With a Monthly 1.0% Jump in May to Cap a 4-Decade High
(Bureau of Labor Statistics) US consumer prices increased by a monthly 1.0% in May, accelerating from a gain of 0.3% in April. The energy index surged by a monthly 3.9%…
UP Fintech Revenues Decline 35% In the First Fiscal Quarter, Shares Fall
(UP Fintech) Shares of UP Fintech Holdings fell more than 5% on Friday after reporting total revenues of $52.6 million in the first quarter of 2022. The revenue was 35.2%…
Stitch Fix Crashes 16% as Revenue Declines While Losses Widen in Q3 2022
(Stitch Fix) Shares of Stitch Fix fell more than 16% on Friday after reporting a revenue of $492.9 million in the third quarter of 2022, down 8% year-over-year. The company…
Mastercard to Allow NFT Purchases Through Card Payments
(Mastercard) Mastercard has announced that it has partnered with several crypto firms to facilitate NFT purchases through the use of card payments. Mastercard’s executive vice president Raj Dhamodharan says the…
DocuSign Shares Tank 25% as Earnings in Q1 2023 Miss Estimates
(DocuSign) Shares of DocuSign plunged 25% on Friday after reporting earnings per diluted share of $0.38 in the first quarter of 2023. The earnings missed estimates of $0.46 per diluted…
Alibaba Erases Gains as China Denies Ant IPO Revival
(Bloomberg) Shares of Chinese giant Alibaba Group Holdings Ltd. declined on Thursday, following Beijing’s denial that it is looking at reviving the initial public offering of Ant Group Co. Alibaba…
VeChain Token Jumps on Multi-Year Partnership With Martial Arts UFC
(VeChain) VeChain native token VET rose more than 4% on Thursday on the news, and the network will be the first official blockchain partner for mixed martial arts entity UFC.…
Signet Jewelers Stock Jumps 11% as Sales Rise 8.9% in Q1 2023
(Signet Jewelers) Shares of Signet Jewelers rose more than 11% on Thursday after reporting total sales of $1.8 billion in the first quarter of 2023. The sales were an increase…
Five Below Declines 7% After Mixed Q1 2022 Results, Lower Guidance
(Five Below) Shares of Five Below fell 7% on Thursday premarket after posting sales of $639.6 million in the first quarter of 2022. The sales were an increase from $597.8…
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