Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) fell 5.4% in the afternoon session after the company announced a plan to offer $2 billion in convertible senior notes. The private offering consisted of two $1 billion tranches, due in 2029 and 2032, directed at qualified institutional buyers. Investors reacted to the potential for future dilution. Dilution happens when a company issues new shares, which can decrease the ownership percentage of existing stockholders. The news extended weakness from the company's recent quarterly results, which showed a slowdown in trading activity.
The second-quarter earnings season for 2025 is drawing to a close, revealing a complex and often contradictory landscape for Corporate America. While some sectors, particularly technology, have demonstrated remarkable resilience and growth, others have faced significant headwinds, painting a picture of a "mixed bag" amidst persistent market volatility. This period
San Diego-based MEI Pharma (NASDAQ:MEIP) has acquired 929,548 Litecoin (CRYPTO: LTC) tokens, becoming the first U.S.-listed public company to adopt Litecoin as its
The White House is preparing an executive order to impose penalties on banks accused of discriminating against conservatives and cryptocurrency firms, according to a report on Monday, August 4.
The cryptocurrency landscape is undergoing a profound transformation, shedding its "Wild West" image to embrace a future defined by regulatory clarity and institutional integration. Across major global economies, a concerted effort to establish comprehensive legal frameworks for digital assets is not only bringing much-needed stability but is also acting as
The financial world is witnessing a seismic shift as institutional investors increasingly embrace digital assets, moving them from the fringes of speculative investment to a core component of diversified portfolios. This accelerating adoption, underscored by recent surveys and the active involvement of financial behemoths, signals a profound transformation in how
The global cryptocurrency landscape is currently a tale of two narratives: the relentless, seemingly "unstoppable" rise of Bitcoin and the stark warning from former UK Chancellor George Osborne that the United Kingdom is being "completely left behind" in the digital asset revolution. Osborne's recent critique highlights a growing chasm between
Spotify playlists of CEOs and politicians are now public in a leak. Coinbase CEO Brian Armstrong confirms his unique one-song 7.25 hour playlist is real.
Don't call it a comeback! These three stocks are defying their market narratives and crafting comebacks. Can the rally continue in these beaten-down names?
