Articles by Sarah Chen
Bitmine's Ether Holdings Surpass Market Cap as Independence Day Halts Trading
Bitmine's gross holdings of Ether, Bitcoin, and cash total about $10.08 billion, exceeding its $8.18 billion market cap. Trading resumes Monday after the Independence Day holiday.
MARA Holdings Ends Week Below Insider Tax Price; Long Ridge Deal in Focus
MARA finished Thursday at $12.40, down 7.26%, ending a four-day slide ahead of the July 4 holiday. New filings show insider tax-related share withholding at $13.89, while the Long Ridge deal provides key financial context.
Trump Crypto Earnings Match New Federal Child Fund
President Trump's $1.4 billion in crypto earnings for 2025 roughly matches the federal seed deposits for 1.4 million Trump Accounts, as Treasury plans to invest in the SPDR S&P 500 ETF. The disclosure raises ethics questions.
Kioxia's 9% Surge Drives 16% of Nikkei's Friday Gain
Kioxia's 9.23% jump on Friday contributed 165 points, about 16% of the Nikkei 225's 1,010.92-point gain, fueled by production news and AI storage demand.
Intel Loses $112B in Market Cap Ahead of Q2 Earnings Test
Intel lost $112 billion in market value from its June 30 peak, closing at $120.35. The chip giant faces a critical earnings report on July 23.
Nvidia Holds Steady as Cloud Partners Plan Massive 210,000-GPU Deployment
Nvidia shares rose 1.2% week-over-week amid plans by cloud partners to deploy up to 210,000 GPUs, highlighting a shift to revenue-sharing models.
Amazon Edges Up as AWS Unveils $1B AI Projects for Clients and Intel
Amazon shares edged higher Thursday as AWS unveiled two $1 billion AI projects, including a generative AI engineer service and cloud credits for intelligence agencies.
BitMine Stock Trades at Discount to Crypto Holdings as ETH Dominates Treasury
BitMine shares ended Thursday at $14.36, up 1.5%, but still trade at roughly 83 cents per dollar of reported crypto and cash holdings as Ethereum's value climbs.