Articles by Sarah Chen
Bitcoin Hovers Near $69K Ahead of Market Reopen, ETF Flows Reverse
Bitcoin declined 1.1% to $68,917 in weekend trading as market participants await Monday's U.S. session and key inflation data. Spot bitcoin ETFs saw $330.7 million in net inflows on Feb. 6, reversing outflows from the prior day.
XRP Dips to $1.42 Amid Weekend Volatility, Extending Weekly Slide
XRP declined approximately 5% to trade near $1.42 on Saturday, extending a weekly loss of 22% as thin liquidity amplified price swings. Bitcoin recovered above $70,000, while Ripple unveiled an Institutional DeFi roadmap.
Oracle Shares Bounce Back Amid $20 Billion Equity Offering Plan
Oracle's stock ended an eight-day losing streak, rising 4.65% to $142.82, as the company outlines a $20 billion share-sale program to fund cloud expansion. Investors are weighing dilution risks against growth needs.
ASML Shares Surge on AI Spending Optimism, Dividend Date Nears
ASML stock rallied sharply Friday, lifted by a rebound in chip stocks following Amazon's plans to boost AI capital expenditures. The company's interim dividend ex-date is set for February 9.
Tencent Shares Decline Amid AI Security Concerns and Chip Supply Constraints
Tencent stock dropped 2% in Hong Kong trading, pressured by regulatory warnings over an AI agent and reported server CPU shortages from Intel and AMD affecting data center operations.
Applied Digital Surges 25% Amid AI Infrastructure Rebound
Applied Digital shares soared 25% Friday following a 250% revenue jump and new data center leases, as AI-related stocks recover.