EOS Plunges Over 15% in Sharp Weekend Sell-Off
The cryptocurrency EOS experienced its largest single-day percentage loss since July 4, dropping over 15% while major tokens like Bitcoin and Ethereum posted gains.
Latest by Marcus Chen
EOS Plunges Over 15% in Sharp Weekend Decline
The EOS cryptocurrency fell more than 15% on Saturday, marking its largest single-day percentage loss since July 4, even as major digital assets like Bitcoin and Ethereum posted gains.
Bybit Reports 4.9% Annualized Return on Bitcoin Wealth Management Funds
Cryptocurrency exchange Bybit announced its Private Wealth Management Bitcoin funds achieved a 4.9% comprehensive annualized return over the past 60 days, as it expands its yield-generating products for large-scale BTC holders.
Fitch Revises Moody's Outlook to Positive on Strong Cash Flow, Market Position
Fitch Ratings has affirmed Moody's 'BBB+' credit rating and upgraded its outlook to Positive from Stable, citing the company's strong free cash flow, leading market position, and successful diversification through its Analytics division.
Court Blocks California's Bid for Damages From 23andMe Successor Over 2023 Breach
A U.S. bankruptcy judge has ruled that California cannot pursue monetary damages against Chrome Holding Co., the successor to 23andMe, in connection with the 2023 data breach, citing protections under the company's Chapter 11 reorganization plan.
Meta's AI Detection Tool Fails to Identify Cropped Images, Reuters Analysis Finds
A new AI detection tool from Meta Platforms failed to identify more than half of its own AI-generated images after they were cropped, a Reuters analysis found. The results highlight the ongoing challenges in verifying manipulated digital content.
Oregon Withdraws Motion to Delay Paramount's $110B Warner Bros. Merger
The Oregon attorney general's office has withdrawn its legal motion to delay Paramount's proposed $110 billion acquisition of Warner Bros., citing the company's non-compliance but vowing to consider its next steps.
Russian Stocks Close Mixed; MOEX Index Touches 3-Year Low
The Russian stock market finished the latest session with a mixed performance, as the benchmark MOEX index hit a three-year low while energy shares gained. A weakening ruble and a spike in market volatility pointed to growing investor uncertainty.
Gold Price Consolidates Below $4,150 as Bearish Technical Pattern Emerges
Gold is trading in a tight range below the critical $4,150 resistance level, forming a bearish pennant pattern that suggests a potential continuation of its recent downtrend.