Articles by Sarah Chen
Bitcoin Slips Below $60,000 as ETF Outflows Exceed New Supply Ahead of Jobs Report
Bitcoin dropped below $60,000 as ETF outflows reached $1.79 billion, far outpacing new supply. The June jobs report could add further pressure.
BitMine Stock Discount Widens as Crypto Drop Tests Index Inclusion Impact
BitMine stock closed Friday at $13.56, 21% below its reported holdings value, as ether's drop and Russell 3000 inclusion pressure the discount.
IonQ Stock Drops 15% but Quantum Valuation Premium Remains
IonQ shares dropped 15.45% over five sessions, but with a market cap of $18.3 billion and trading at 69 times 2026 revenue, the quantum premium persists.
Amazon Stock Rises on Prime Day Data, AWS Price Hike in Focus
Amazon shares gained 2.5% Friday on heavy volume, but the stock is still down 4.8% from June 18. Prime Day sales rose 9.3% to $26.4B, while AWS will raise AI compute prices by 20% in July.
Ripple's Luxembourg License Paves Way for EU Payments, XRP Holds Steady
Ripple's preliminary MiCA license in Luxembourg could unlock regulated EU payments, but XRP remains near $1.05, 71% below its peak, as investors seek proof that RLUSD drives real demand on the XRP Ledger.
Apple Raises Mac, iPad Prices Amid Memory Cost Surge, iPhone Untouched
Apple raised Mac and iPad prices worldwide as memory costs soared, leaving iPhone prices unchanged. Shares dropped 6.15% then rebounded 2.5%, with investors eyeing margin impacts and future iPhone pricing.
Tech Funds See $41B Swing as AI Profitability Doubts Surface
Technology funds saw nearly $20 billion in outflows in the week ending June 24, reversing $21.46 billion in inflows the prior week, as chip stocks plunged and AI profitability concerns grew.
Freshworks Shares Surge on AI Growth and Buyback Momentum
Freshworks (NASDAQ: FRSH) surged 5.1% to $9.64 on heavy volume, as CEO Dennis Woodside outlined AI customer growth and a path to GAAP profitability by H2 2026.
XRP Clings to $1 as Futures Volume Dwarfs ETF Inflows
XRP traded just above $1 after a 7.39% weekly decline, as futures volume of $2.76 billion far exceeded spot ETF inflows of $2.05 million, underscoring the dominance of leveraged trading.