Bitcoin reclaimed the key $60,000 level after suffering a 14% quarterly loss, though the rebound faces headwinds from record-setting outflows from U.S. spot ETFs and a cautious macroeconomic environment.
JPMorgan analysts caution that MicroStrategy's departure from its buy-and-hold strategy, now allowing it to sell Bitcoin, introduces significant 'two-way flow risk' and uncertainty for the crypto market due to the firm's large holdings.
Cardano (ADA) saw its price climb by 10.80% on Friday to $0.1762, marking its largest single-day percentage increase since February 25. The rally pushed its market capitalization to over $6.3 billion amid a generally positive day for the crypto market.
The cryptocurrency EOS recorded its largest single-day percentage increase in over six months on Sunday, though it remains significantly below its 2018 all-time high. The move came amid modest gains for major digital assets like Bitcoin and Ethereum.
The cryptocurrency Cardano (ADA) recorded its most significant one-day percentage increase since February 25, pushing its market capitalization above $7 billion amid a broader upswing in digital assets.
The biotechnology company's shares jumped after it announced a private placement that provides immediate funding and could total $340 million, extending its cash runway through 2031.
The White House is reportedly planning to expand a voluntary pledge aimed at protecting consumers from rising electricity bills, bringing together utility companies and data center developers to address the power demands of artificial intelligence.
Karachi-based cooking oil manufacturer Agro Processors & Atmospheric Gases Ltd. plans to raise up to 2.6 billion rupees ($9 million) in an initial public offering this month to expand its production capacity and invest in renewable energy.
Shares of Papa John's International declined after BofA Securities downgraded the stock to Underperform, pointing to a challenging outlook amid executive turnover and weakening sales.
