Articles by Sarah Chen
BitMine Shares Plunge 7.6% as Ether Drop Triggers $1.16B Market Cap Wipeout
BitMine shares tumbled 7.6% on Tuesday, erasing $1.16B in market value amid a sharp drop in ether prices, with the loss exceeding the crypto treasury's decline.
XRP Dips 2.2% Despite Bitwise Fund's Record Asset Milestone
XRP slipped 2.2% to $1.355 even as Bitwise's XRP ETF hit $507M in assets. The token's decline highlights persistent market caution despite institutional growth.
Ether Slides Despite ETF Inflows as Treasury Yields Pressure Crypto
Ether dropped 1.4% to $2,434.92 despite $87.6 million in ETF inflows, as the 10-year Treasury yield climbed to 4.79%, pressuring risk assets.
AEye Stock Surges 26% on Lunar Lidar Deal, Outshining Q2 Revenue
AEye's stock surged 26% after a lunar lidar partnership with Lunar Outpost, a contract worth at least $2 million—about 10 times its Q2 revenue.
Recovered $4.76M Bitcoin Stash Highlights Custody Risk Over Price Swings
A British investor recovered a 61 BTC wallet worth $4.76M, highlighting that custody risk often trumps daily price swings.
Apple Stock Slips Ahead of iPhone 18 Event; Pro Model Price Hikes Eyed
Apple shares dipped 0.2% premarket as investors focus on the upcoming iPhone 18 event, with potential price hikes and a foldable device in the spotlight.
MediaTek Stock Soars 10% on Nvidia AI Deal, Market Value Jumps $19.4B
MediaTek shares hit the daily limit, rising 9.94% to NT$4,315, as Nvidia's $3.5B investment boosts AI chip prospects. Market value jumped NT$616B, far exceeding Nvidia's stake.
Nvidia Buyback Lifts Shares 1.5% as AI Demand Drives Record Revenue
Nvidia (NVDA) shares gained 1.5% after a $20B buyback, with Q2 revenue soaring 106% to $96.22B. Data Center growth of 117% highlights AI's momentum.
Sberbank Sees Only 20% of Russian Crypto Trading Moving Onshore
Sberbank expects only 3.5-4 trillion rubles of Russia's crypto trading to move onshore in the first year, citing a liquidity gap as new regulations take effect.
Tesla Stock Surges 5% as Autopilot Crash Data Puts $1.45T Valuation in Focus
Tesla shares rose nearly 5% as a federal crash report confirmed Autopilot was active in a fatal May accident, putting the $1.45 trillion valuation under scrutiny.
Nvidia's $3.5B MediaTek Bet: AI Chip Push Reshapes Market
Nvidia's $3.5B convertible bond investment in MediaTek, announced after Taiwan's close, follows a 1.51% dip in MediaTek shares. The funds support MediaTek's custom AI chip push targeting 15-20% of an $80B market.
MARA Plunges 10% as Bitcoin Slips Below $80K, Erasing $464M in Value
MARA shares dropped 10.1% after Bitcoin fell below $80,000, wiping out $464 million in market value. The company's Q2 revenue declined 27% as it pivots to AI infrastructure.