Latest News
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.
Silver Plunges Over 3% as Dollar Strength, Oil Rally Pressure Metals
Spot silver dropped 3.2% to $68.97 an ounce, erasing prior gains amid a firmer dollar and surging oil prices. The broader precious metals complex also declined.
Gold Retreats as Dollar Strength, Oil Spike Dampen Fed Easing Bets
Gold declined sharply on Thursday, with spot prices dropping 1.1% to $4,455.51 an ounce. The sell-off was driven by a firmer U.S. dollar and rising oil prices, which reduced market expectations for near-term Federal Reserve interest rate cuts.
SoFi Shares Slide Amid Short-Seller Allegations and Analyst Defense
SoFi Technologies shares declined 3.7% to $15.94 amid ongoing pressure from short-seller allegations about undisclosed debt. The company has denied the claims while CEO Anthony Noto purchased shares and Mizuho maintained its bullish outlook.
Meta's AI Spending Spree Clashes with Job Cuts, Stock Drops
Meta Platforms is cutting hundreds of jobs while aggressively investing in AI infrastructure, with 2026 capital expenditures projected between $115 billion and $135 billion. The company's stock fell roughly 6.4% on Thursday, reducing its market valuation to approximately $1.84 trillion.
HPE Holds Gains After Analyst Target Hike, AI Backlog Tops $5B
Hewlett Packard Enterprise shares consolidated near weekly highs following a price target increase from Evercore ISI to $30. The firm highlighted robust CPU-driven server demand and a growing AI backlog exceeding $5 billion.
Grab Announces $400M Buyback Following Taiwan Expansion Deal
Grab Holdings saw its stock rise after unveiling a $400 million share buyback program, funded from its substantial cash reserves. This follows the company's recent $600 million deal to acquire Delivery Hero's foodpanda business in Taiwan.