Lumber futures moved in a roller coaster as traders tried to establish if a drawback in wood prices had eliminated market froth, according to CNBC. July deliveries for Lumber fell…
Celebrity-backed Oat-milk maker Oatly Group raised $1.43 billion in IPO at $17 share price, according to the Wall Street Journal. The group planned to generate between $1.27 billion-$1.43 billion by…
Virgin Galactic will conduct its next rocket-powered test flight of SpaceShipTwo Unity on May 22, according to the company’s press release. The test follows a successful review of mothership jet…
Crypto investor Mike Novogratz doesn’t expect the recent plunge in bitcoin to correct quickly, according to CNBC. Novogratz calls it a “liquidation event” that will see the market consolidating around…
Iran expects to ship its first crude cargo from the new Jack terminal along the Oman Sea Coast next month, according to S&P Global. The shipment follows the completion of…
Ethereum Foundation expects upgraded ETH 2.0 to consume 99.95% less energy, according to Decrypt. The figure is below Ethereum’s current energy usage under the proof of work consensus mechanism. Ethereum…
China’s online brokerage and wealth management Futu Holdings Limited reported a revenue of $283.6 million or HK$2,204.6 million, up 349.4% in a SEC filing. The company said it added about…
11,949 Tesla vehicles were registered in China in April, down from a record 34,714 in March, Bloomberg reports. Coupled with protests at the Shanghai auto show and reported EV crashes,…
Bitcoin fell to almost $30,000 on Wednesday to extend its losses that started last week. The price of the world’s biggest cryptocurrency has now fallen more than 50% since its…
About 657,770 ETHs of estimated $1.973 billion in value has left crypto exchanges in a single week, according to EWN. The amount reveals optimism around the long-term prospects of the…
Global futures followed crypto-linked stocks in tumble on Wednesday on mounting inflation pressures and Covid-19 surge in some countries. The fall in crypto-linked stocks were fueled by sharp downturns in…
At least $600 billion worth of digital tokens have been wiped out of the cryptocurrency market in the past week. Bitcoin, the world’s largest cryptocurrency, shed 11% on Wednesday to…