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COINBASE | COIN & SECCoinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.5 billion. The resurgence of Coinbase mirrors the broader boomerang of the crypto market in June, riding a Wall Streetfueled fever for Bitcoin that has lifted other cryptocurrencies and injected optimism into an industry that was reeling from a battery of enforcement from the federal government. The Coinbase stock has been rallying, the price of Bitcoin has been rallying, and then these two things usually play off of each other. Specifically, Bitcoin’s resurgence is tied to BlackRock’s recent filing of an application for Bitcoin spot exchange-traded fund, a surprising vote of confidence from the US.’s largest asset manager in the world’s largest cryptocurrency by market capitalization. Shortly after BlackRock’s application became public, the price of Bitcoin soared, notching its highest price in more than a year as a slew of other asset managers filed applications for Bitcoin spot ETFs, potentially opening up the cryptocurrency to trillions in dollars from brokerage accounts and pension funds. And where Bitcoin goes, so goes the broader market, as the total market capitalization of all cryptocurrencies jumped from just about $1 trillion to now about $1.17 trillion. BlackRock’s ETF filing was not only a vote of confidence in Bitcoin but also Coinbase. Its application listed the publicly traded crypto exchange as the custodian for holding the trust’s underlying Bitcoin. For them to continue and list Coinbase as a custodian for their ETF was a strong signal that these SEC allegations are not that big of a deal I think the market is telling us…the worst is behind us, as far as U.S. regulatory crackdown is concerned
NASDAQ:COIN
by moonypto
6
Square Enix | SQNXFSquare Enix Holdings Co., Ltd. engages in the provision of entertainment contents and services. It operates through the following segments: Digital Entertainment, Amusement, Publication, and Merchandising. The Digital Entertainment segment handles the design, development, sale, license sale, and operation of digital entertainment contents mainly on computer games. The Amusement segment provides the design, development, manufacture, sale, and rental of amusement equipment as well as conducts the planning, development, and distribution of arcade game machines. The Publishing segment provides comic magazines, comics, and game strategy books. The Merchandising segment includes the planning, production, distribution, and licensing of derivative works. The company was founded on September 22, 1975 and is headquartered in Tokyo, Japan. The Company is listed on the Prime Market of the Tokyo Stock Exchange, with the stock code "9684," and prepares its financial statements according to the Japan GAAP In the Digital Entertainment segment, the HD (High-Definition) Game subsegment, the fiscal year ended March 31, 2023 saw the release of "CRISIS CORE -FINAL FANTASY VII- REUNION," "FORSPOKEN," and "OCTOPATH TRAVELER II." However, because new titles generated fewer earnings than in the previous year, which had seen the launch of "OUTRIDERS," "NieR Replicant" and "Marvel’s Guardians of the Galaxy," the sub-segment’s net sales declined versus the previous fiscal year. Net sales declined versus the previous fiscal year in the MMO (Massively Multiplayer Online) Game sub-segment, in part because of the lack of any expansion pack launches for "FINAL FANTASY XIV." The Games for Smart Devices/PC Browser sub-segment saw a decline in net sales versus the previous fiscal year because of weak performances by existing titles.In the Amusement segment, net sales and operating income for the fiscal year ended March 31, 2023 rose versus the previous year because of sharp year-on-year increase in same-store sales. In the Publication segment, sales of both digital and print media were solid in the fiscal year ended March 31, 2023, but higher prices on printing paper and other inputs led to higher costs. This, combined with other factors such as increased advertising expenses led to a year-on-year decline in operating income. In the Merchandising segment, the fiscal year ended March 31, 2023 saw brisk sales of products including new character merchandise based on major intellectual properties. However, while net sales rose versus the previous fiscal year, operating income declined, partly due to changes in the sales mix by product. FINAL FANTASY XVI going to publish soon and gonna be a hit and good success for SE co. did you try FF XVI demo? any game recommendation?
TSE:9684Long
by moonypto