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Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
Reddit changed its Terms of Service recently where it now explicitly allows for trading Reddit's tokenized Community Points, one observer said while explaining the price rally.
VIPLeading projects on Optimism
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock.
PLUS: A day in the life of Binance’s head of law enforcement training – petty crooks, fake subpoenas, and dodging politically sensitive requests.
- 21:27Google Q2 Net Profit Rises 19 Percent, Raises Full-Year Capital Expenditure Forecast to $85 BillionAccording to Jinse Finance, Alphabet (GOOG.O), the parent company of Google, reported a 19% year-on-year increase in net profit for the second quarter, reaching $28.196 billion, with revenue rising 14% to $96.43 billion, surpassing market expectations of $94 billion. In Q2, Google Services revenue grew by 12% to $82.5 billion, with YouTube advertising revenue at $9.79 billion. Google Cloud revenue increased by 32% to $13.6 billion, exceeding the expected $13.11 billion. The company anticipates that, with increased investment in artificial intelligence, capital expenditures this year will reach $85 billion, up from the previously projected $75 billion earlier this year.
- 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.