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Bitcoin Tests $59.5K Support as ETF Outflows Surge, Options Expiry Looms
Bitcoin slipped to $59,498 after hitting a low of $58,189, as U.S. spot bitcoin ETFs saw $469M in net outflows on June 24, led by IBIT and FBTC. A $10.2B options expiry on Deribit adds pressure.
Netflix's $272B Market Cap Wipeout Overshadows $3B Ad Ambition
Netflix stock plunged to a 52-week low, losing $272 billion in market cap, as investor unease over failed acquisition attempts and slowing growth outweighs its $3 billion ad revenue goal.
Coeur Mining Shares Surge on Buyback and Index Inclusion
Coeur Mining shares surged 3.4% to $15.99 after joining the S&P MidCap 400 and unveiling $680.3 million in remaining buyback capacity, offsetting about 11% of shares issued for its New Gold acquisition.
Archer Aviation (ACHR) Tumbles on Texas Vote Math Concerns
Archer Aviation (ACHR) dropped 5% to $4.79 on Thursday. A shareholder vote to redomicile to Texas requires a majority of all outstanding shares, not just votes cast, putting passage at risk and pressuring the stock.
Nano-X Imaging Plunges 45% After Withdrawing Revenue Forecast and Warning of Cash Shortfall
Nano-X Imaging shares plummeted 45% after withdrawing its 2026 revenue target and warning current cash is insufficient to fund operations for at least one year.
Grab Stock Nears 52-Week Low as Indonesia Caps Motorcycle Ride-Hailing Fees
Grab Holdings (GRAB) closed at $3.46, near its 52-week low, after Indonesia cut motorcycle ride-hailing commissions to 8% from 20%, pressuring margins.
Bradesco Shares Flat Despite R$3.5 Billion Payout Approval
Bradesco shares ended unchanged at R$17.65 despite a R$3.5 billion JCP approval, with heavy trading volume signaling investor focus on earnings sustainability amid rising loan-loss provisions.
IQST Surges on ULTRANET Deal, Buyback and Preferred Shares Raise Concerns
iQSTEL (IQST) shares jumped 40% on massive volume after a binding deal to acquire 51% of ULTRANET, which could add $130 million in annual revenue. A buyback and preferred-stock conversions cloud the share count.
SELLAS Life Sciences Soars on Executive Severance Update
SELLAS Life Sciences (SLS) surged 12.6% to $10.33 on heavy volume after an 8-K filing revealed changes to executive severance terms. The stock's implied equity value reached $2.03 billion.
Freshworks Sees Heavy Trading Amid Index Changes, Cash Strength
Freshworks stock saw massive trading volume ahead of Russell index changes, with cash holdings making up about 30% of its market value. Analysts maintain a median price target of $11.