Bitcoin Depot seeks to wind down operations Bitcoin Depot has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company is seeking to wind down operations and pursue a sale of its assets. The
Ether declines nearly 10% in a week as rising oil prices, driven by US-Iran tensions, weigh on cryptocurrency markets. Ether dropped to $2,100 on Monday, extending a 10% weekly decline, as surging oil prices fueled selling pressure. Fundstrat analysts noted a record invers
Tehran proposes a digital insurance scheme for Strait of Hormuz transit fees, potentially generating $10 billion annually in Bitcoin payments. Iran is considering a plan to collect shipping tolls in Bitcoin for vessels passing through the Strait of Hormuz, a critical choke
Weaker-than-expected China economic data and rising US Treasury yields drive demand for the dollar amid growth divergence. The dollar gained ground as China’s April economic data fell short of expectations, reinforcing concerns over global growth divergence. Industrial out
EUR/USD steadies after four-session pullback The euro is attempting to stabilize after a four-session decline against the USD. The EUR/USD pair had fallen to one-month lows just above 1.1600, pressured by a firmer dollar amid renewed Middle East tensions. The pai
April inflation data surpasses expectations, reinforcing concerns over persistent price pressures and potential market volatility. US consumer prices rose 3.8% year-on-year in April, above the 3.7% consensus estimate and up from 3.3% in March. The print marks the largest m
Boxlight's Q1 GAAP loss narrowed sharply, though revenue missed estimates by $8.45M amid weak demand. Boxlight reported a Q1 GAAP loss of $2.25 per share, beating expectations by $1.46. Revenue reached $22.4 million, down 0.1% year-over-year and missing estimates by $8.45
Treasury yields hit one-year highs amid inflation worries The US-Iran conflict is driving up bond yields, with 10-year yields reaching 4.62% and 30-year yields at 5.14%. The Strait of Hormuz remains effectively closed, with only small regional cargo ships and Irani
Analysts warn EUR/USD could extend losses to 1.1570 if 1.1600 support breaks amid strong downward momentum. EUR/USD dropped to a six-week low near 1.1620, driven by strong downward momentum that analysts say keeps risks skewed lower. Intraday moves are expected within a 1.
The miner reported $127.53M in revenue and $0.31 GAAP EPS, falling short of earnings expectations by a penny. Santacruz Silver Mining posted a first-quarter GAAP EPS of $0.31, missing estimates by $0.01. Revenue reached $127.53M, an 81.4% year-over-year increase, exceeding
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