3h ago
Bitmine says it needs 507,000 ETH more to reach a 5% share of circulating ETH supply
Crypto firm Bitmine said it needs to add just 507,000 ETH to meet its goal of owning 5% of Ethereum’s circulating supply. The statement did not specify the funding source, timeline, or execution path, and it was not backed by on-chain verification. The announcement has nonetheless drawn attention because of its explicit, quantified target and scale, based on an estimated mid-2026 circulating supply of about 30 million ETH, implying 5% equals 1.5 million ETH. The development is being treated as an off-chain, public-statement signal of whale behavior and does not involve confirmed on-chain transfers or protocol changes.
ETH
ETH+1.07%
3h ago
3h ago
Netflix posts Q2 2026 revenue of $12.6 billion, trims Q3 growth view to 11.7% as shares slide about 9% after hours
Netflix reported Q2 2026 revenue of $12.6 billion, up 13% year over year, but cut its Q3 growth forecast to 11.7%, marking a third straight quarter of deceleration. The outlook shift sent the stock down about 9% in after-hours trading. The company also said it repurchased $4.7 billion of shares in Q2, a quarterly record, and expects advertising revenue to reach about $3 billion, roughly 6% of full-year revenue.
3h ago
3h ago
Oracle flags more than $40 billion in debt-and-equity financing as shares slide to $121.50
Oracle’s latest earnings report put its Remaining Performance Obligations (RPO) at $638 billion alongside $67 billion in annual revenue. The company also guided that it expects to raise more than $40 billion through a combination of debt and equity this year, sending long-term bond yields higher, with the 2052 notes at 7.6%. Investors are also focused on customer concentration after OpenAI was said to account for nearly half of the backlog, and the shares fell to a one-year low, breaking below $136.
3h ago
3h ago
S&P 500 and Nasdaq 100 slide even as earnings season starts strong
The S&P 500, Nasdaq 100 and Dow have pulled back more than 5% from their year-to-date highs, even as bank and technology earnings come in strong and the odds of a Federal Reserve rate hike ease. Selling pressure has been led by a broad AI-related retreat after Moonshot released its Kimi K3 model, stoking concerns about whether U.S. leaders are still ahead. Hardware-linked names such as Micron and Nvidia have fallen more than 20% from their year-to-date highs, while a weak Netflix report added to the risk-off tone.
3h ago
7h ago
T. Rowe Price launches multi-crypto ETF holding Bitcoin, Ethereum and XRP
U.S. asset manager T. Rowe Price has launched a multi-cryptocurrency ETF that includes Bitcoin, Ethereum and XRP. The fund is now listed and trading in the United States, marking the first time XRP has been included in an ETF lineup issued by a major traditional financial institution. The move offers a compliant investment channel for XRP under an SEC-regulated framework and could draw additional institutional inflows while reinforcing its positioning as a mainstream crypto asset. Details such as the ETF’s size, fees and custody arrangements were not disclosed in the headline.
XRP
XRP+0.24%
7h ago
7h ago
Spot gold slides 3.4% to $3,978.67 on June 24, 2026 as Fed rate-hike expectations outweigh Iran tensions
Spot gold fell 3.4% on June 24, 2026 to $3,978.67 an ounce, breaking below the $4,000 level for the first time since November 2025. The drop followed signals from Fed Chair Kevin Warsh that reinforced expectations of more aggressive rate hikes, lifting the dollar and increasing the opportunity cost of holding non-yielding assets. Even as the U.S.-Iran conflict flared again on July 8, investors focused on monetary policy expectations over geopolitics, triggering selling pressure in gold.
7h ago
9h ago
Years-long transformer lead times and $10 million price tags threaten US hydropower upgrades
A report by the National Laboratory of the Rockies said limited domestic capacity to produce large power transformers and heavy reliance on imported raw materials are pushing up procurement costs and delivery times. A single transformer can now cost as much as $10 million, about 80% higher than in 2021, and delivery can take as long as five years. The bottleneck is directly slowing hydropower modernization projects, even as hydropower provides more than 6% of total US electricity generation.
9h ago