Latest news and articles about cryptocurrency market from NEX English
Trump Media, founded by former U.S. President Donald Trump, has reported significant financial losses due to a sharp decline in the cryptocurrency market. This downturn raises concerns among investors regarding the company's future viability.
Coinbase, one of the largest cryptocurrency exchanges globally, announced a significant revenue drop of <strong>40%</strong> compared to last year, reflecting the impact of a weak cryptocurrency market. This decline comes as the market experiences substantial volatility.
Galaxy Digital, founded by billionaire Michael Novogratz, reported lower-than-expected losses in the first quarter of the year, indicating a shift towards data centers. The company also saw improvements in recurring fee revenues and transaction income.
The price of Bitcoin has slightly decreased to <strong>$77,861</strong>, reflecting ongoing pressures in the cryptocurrency market. This decline is attributed to geopolitical and economic factors affecting investor sentiment.
A financial institution has announced the launch of a new exchange-traded investment fund aimed at capitalizing on Bitcoin gains during nighttime trading hours. The fund will buy Bitcoin after market close and sell it before market open, while investing in government bonds during the day.
Tether Holdings has announced the suspension of its plans to raise up to <strong>$20 billion</strong> while awaiting the results of its first comprehensive financial audit. This audit is a critical step that could revive one of the most anticipated fundraising efforts in the digital asset era.