Acum 46 min
Bitcoin Miners IREN and CIFR Surge on $15.2 Billion HPC Deals as Crypto Markets Decline
Cryptocurrency markets declined amid weakening macroeconomic conditions, with Bitcoin falling 0.9% alongside traditional benchmarks. Bitcoin miners IREN and Cipher Mining posted substantial gains following announcements of high-performance computing agreements with Microsoft and AWS valued at $9.7 billion and $5.5 billion respectively. The deals highlight bitcoin mining companies' pivot to AI infrastructure hosting partnerships with major technology firms.
Acum 46 min
Acum 1 h
Palantir Trades at 688.53 P/E Ratio as Burry Establishes Bearish Position on 5 Million Shares
Palantir Technologies Inc. (NASDAQ: PLTR) trades at $194.50 per share with a trailing 12-month price-to-earnings ratio of 688.53. Michael Burry's Scion Asset Management established put options on 5 million PLTR shares during Q3, representing 66% of the firm's portfolio, according to a Monday 13F filing. The company reported Q3 revenue of $1.181 billion, a 63% year-over-year increase, while Wall Street's consensus price target stands at $178.90.
Acum 1 h
Acum 1 h
Indian High Court Recognizes XRP as Legal Property in $9,400 Account Freeze Dispute
India's Madras High Court ruled that XRP qualifies as property under Indian law, marking the first formal recognition of a digital asset with legal ownership rights by an Indian high court. The decision arose from a dispute involving 3,532.30 XRP (approximately $9,400) frozen on WazirX following the exchange's July 2024 hack that resulted in $235 million in stolen assets. The court prohibited the exchange from reallocating the holder's XRP and ordered a bank guarantee of approximately $11,500 until the matter is resolved.
Acum 1 h