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Marathon Digital Outperforms Mining Peers Amid Bitcoin Volatility, Posts Heavy Loss
Marathon Digital Holdings shares advanced 1.1% on Thursday, outperforming rival bitcoin miners as the cryptocurrency traded near $70,331. The company disclosed a substantial net loss for 2025 despite a 38% revenue increase.
Ripple's $50B Valuation Fails to Boost XRP as Macro Forces Dominate
XRP declined 1.4% to $1.38 on Thursday, unmoved by Ripple's $50 billion valuation and expansion plans. Broader cryptocurrency markets remained subdued as attention shifted to macroeconomic factors.
Navitas Semiconductor Shares Retreat After AI Chip Launch, CFO Appointment
Navitas Semiconductor shares declined 6.5% on Thursday, partially reversing a prior surge, following the launch of new AI power chips and the appointment of a new CFO. The company reported a significant revenue drop for 2025.
Bitmine Shares Dip on $75M Eightco Investment as Ether Strategy Expands
Bitmine Immersion Technologies shares declined 3% Thursday after the company committed $75 million to lead a $125 million funding round for Eightco Holdings. The move comes as Bitmine continues to emphasize its ether treasury strategy while expanding into AI and blockchain infrastructure.
Micron Shares Retreat Amid AI Memory Sector Volatility Ahead of Earnings
Micron Technology shares declined over $11 in Thursday trading, testing the AI-driven memory rally ahead of its March 18 earnings report. The pullback comes despite a sharply upgraded DRAM price forecast and a new high-bandwidth memory development partnership.
Cruise Stocks Sink as Oil Surge Fuels Fuel Cost Fears
Shares of major cruise operators declined sharply Thursday, led by Carnival and Royal Caribbean, as a spike in oil prices above $99 renewed investor anxiety over rising fuel costs and future profitability.
Oil Prices Spike on Strait of Hormuz Closure, Supply Shock Fears
Oil prices surged over 8% Thursday after Iran confirmed the Strait of Hormuz would remain closed, exacerbating supply fears. The IEA warns of a record 8 million barrel per day drop in March output.
U.S. Natural Gas Holds Gains as Global LNG Supply Shock Widens
U.S. natural gas futures held near a four-week high as global supply disruptions tightened LNG markets. The EIA reported a storage draw of 38 Bcf, while European inventories fell to a seasonal low.
Bitcoin Defies Oil Spike, Holds $70K Amid ETF Demand
Bitcoin stabilized near $70,300 despite surging oil prices and equity declines. Spot bitcoin ETFs attracted $115.2 million, led by BlackRock's IBIT, providing crucial support.
Grab Holdings Shares Slide on CEO's Planned Stock Sale, Weak Outlook
Grab Holdings shares declined more than 3% following a regulatory filing revealing CEO Anthony Tan's plan to sell up to 1.2 million shares. The stock has fallen 26% year-to-date, weighed down by a softer financial outlook and market-wide headwinds.
Silver Recovers from Sharp Drop as Dollar Strength Limits Rally
Spot silver rose 0.6% to $86.27 an ounce on Thursday, recovering part of its 3.5% decline from the previous session. The rebound was underpinned by safe-haven demand, though a stronger U.S. dollar and uncertain interest rate outlook restrained further advances.