Articles by Sarah Chen
XRP Tests Key Support as Ripple Deploys AI for Ledger Security
XRP fell 2.4% to approximately $1.32 on Friday, extending its weekly loss to 7.9%. Ripple revealed its AI security team has identified more than 10 vulnerabilities in the XRP Ledger, with fixes planned for the next software release.
Bitcoin Retreats Below $66K Amid ETF Outflows, Options Expiry, and Geopolitical Strain
Bitcoin dropped over 4% Friday, sliding below $66,000 as significant ETF outflows, a major options expiry, and Middle East tensions pressured the crypto market. Related equities like Coinbase and Marathon Digital saw steep declines.
Intel Stock Dips Amid Nasdaq Correction Despite New Chip Launch
Intel stock declined 1.2% to $43.58 in early Friday trading following the launch of its latest Core Ultra Series 3 processors. The release came as the Nasdaq entered correction territory and concerns over server CPU shortages in China continued.
Marathon Digital Sells $1.1B in Bitcoin to Reduce Debt, Fund AI Expansion
Marathon Digital Holdings shares gained 3.6% premarket after the company sold $1.1 billion in Bitcoin to fund a discounted debt buyback, reducing convertible obligations by approximately 30%.
Nvidia Slips Amid Rising Competition and Regulatory Pressure
Nvidia shares declined over 4% Thursday, pressured by competitive threats from Huawei's new chip and potential U.S. export restrictions. The Nasdaq entered correction territory, down 10.7% from its October peak.
Bitcoin's Fate Hinges on $14B Options Expiry Amid Macro Turmoil
Approximately $14 billion in Bitcoin options expire Friday on Deribit, with prices stuck near $66,000. The event coincides with Brent crude near $110 and a 10-year Treasury yield at 4.456%, creating a tense macro backdrop.
Bitmine Immersion Shares Drop Despite Ethereum Staking Platform Launch
Bitmine Immersion Technologies shares declined 8% to $19.47 on Thursday, even as the company launched its MAVAN Ethereum staking platform and received a price target hike from B. Riley.
Alphabet Shares Slide as Investors Question Massive AI Spending Plan
Alphabet shares declined over 3% Thursday, extending a 15% retreat from February peaks, as investors expressed concern over the company's ambitious plan to increase capital spending to $185 billion by 2026.
XRP Slumps 4% Amid Geopolitical Tensions and Oil Price Surge
XRP declined approximately 4% to $1.36 Thursday as surging oil prices and fading Middle East ceasefire hopes sparked a widespread crypto market downturn. Bitcoin and Ether also saw significant losses.
Bitcoin Retreats Under $69K Amid Oil Spike, ETF Flows Slow
Bitcoin declined below $69,000 Thursday, pressured by a jump in oil prices and broader risk-off sentiment. Related equities like Coinbase also traded lower as ETF demand moderated.
Miner MARA Rises on Debt Buyback as Sector Diverges Amid AI Shift
Marathon Digital shares advanced following a $1 billion convertible note buyback funded by a bitcoin sale, contrasting with declines across several mining stocks as the industry grapples with rising costs and a strategic shift toward artificial intelligence.