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Bitcoin’s stall despite a recent wave of positive crypto news is a cause for concern, one observer said.
The possibility the SEC will approve the conversion of GBTC into an ETF is playing a role, according to analysts.
While overall bitcoin and ether price performance have been strong in 2023, it’s largely been a first quarter story
The Tesla CEO and Twitter owner has been known on occasion to playfully talk about his fondness for the memecoin.
The latest price moves in crypto markets in context for July 19, 2023.
The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
- 20:51Cybercab to Continue Pursuing "Boxless" Manufacturing Strategy, Plans to Begin Mass Production in 2026According to Jinse Finance, Tesla stated that the Cybercab will continue to pursue a revolutionary "unboxed" manufacturing strategy and plans to begin mass production in 2026.
- 20:51Tesla's Second-Quarter Net Profit Reaches $1.172 Billion, Down 20.7% Year-on-YearAccording to Jinse Finance, Tesla reported second-quarter revenue of $22.50 billion, a 12% year-on-year decrease, compared to the estimated $22.64 billion. Net profit for the second quarter was $1.172 billion, down 20.7% year-on-year, while the market expected $1.136 billion. Adjusted earnings per share for the second quarter were $0.40, compared to $0.52 in the same period last year and an estimated $0.42. The gross margin for the second quarter was 17.2%, compared to 18% in the same period last year and an estimated 16.5%. Free cash flow (FCF) for the second quarter was $146 million, down from $664 million in the first quarter, with analysts expecting $760 million.
- 20:22White House: Trump Does Not Support Musk’s AI Company Receiving Federal ContractsAccording to a report by Jinse Finance, White House Press Secretary Karine Jean-Pierre stated on Wednesday that she believes President Trump does not support federal agencies signing contracts with Elon Musk's artificial intelligence company. When asked whether Trump wanted to cancel the recent contracts signed with Musk's AI enterprise, Jean-Pierre said she would discuss the matter with the President. About a week ago, Musk's xAI, along with three other major tech companies, was awarded a Department of Defense contract worth up to $200 million. Since Musk resigned from his position as a special government employee at the end of May, Trump and Musk have been engaged in a heated dispute. Trump has stated that he could retaliate against Musk by canceling federal contracts with Musk's companies. (The Hill)