DEXWireNews

DEXWireNews

Insmed ( NASDAQ:INSM ), a biotech company, has successfully developed a lung disease drug, brensocatib, which has been shown to significantly reduce the frequency of respiratory symptoms such as chronic cough in a late-stage study. The drug, which is expected to be launched in mid-2025, is expected to be approved by the FDA in the fourth quarter of this year. The...

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GameStop shares ( NYSE:GME ) surged 20% on Tuesday after the video game retailer successfully sold 45 million shares worth roughly $933.4 million, capitalizing on a recent meme rally in its share price. The sale helped the company capitalize on a recent social media-fueled meme rally that saw the stock soar around 135% over a two-day period earlier this month....

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Nvidia ( NASDAQ:NVDA ) has surged above the 1,000 level for the first time in a year, with its market cap racing past $2.5 trillion. The chip giant's earnings and sales growth have led it to pass or challenge Apple ( NASDAQ:AAPL ) and Microsoft ( NASDAQ:MSFT ) as the world's most valuable company. Nvidia ( NASDAQ:NVDA ) stock surged 15.1% last week to a record...

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Notcoin ( GETTEX:NOT ) has experienced a significant price surge, with open interest reaching over $100 million and short liquidations exceeding $4.4 million. This surge coincides with the increasing popularity of Notcoin ( GETTEX:NOT ), a play-to-earn Web3 game hosted on Telegram, which allows users to convert their in-game currency to GETTEX:NOT tokens. The...

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Mt. Gox, the defunct Bitcoin exchange, has transferred over 107,000 CRYPTOCAP:BTC worth around $7 billion to an unknown address in thirteen transactions, possibly as part of a plan to repay creditors by October 31, 2024. The market reacted bearishly to these movements, with Bitcoin ( CRYPTOCAP:BTC ) dropping by 1.7% to as low as $67,680 after reaching a high of...

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The Bank of Nova Scotia ( TSX:BNS ) reported second-quarter earnings that narrowly beat analyst estimates, but profits fell year-over-year due to uncertainty around interest rate cuts and inflation in the U.S. and abroad. Total revenue increased year-over-year to 8.35 billion Canadian dollars ($6.13 billion), up from last year's mark of C$7.91 billion and narrowly...

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Hello Group Inc.,v ( NASDAQ:MOMO ) a leading player in mainland China's online social networking space, has announced its unaudited financial results for the first quarter of 2024. The company reported a 9.2% decrease in net revenues to RMB2,560.4 million (US$354.6 million), with net income attributable to Hello Group Inc. ( NASDAQ:MOMO ) decreasing to RMB5.2...

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Bank of Montreal ( NYSE:BMO ) shares gained in trading as investors await the Canadian bank's Q2 earnings results on May 29. Analysts are expecting earnings per share to come in at C$2.77 on revenue of C$8.054 billion, a decline from the C$2.93 per share seen in the year-ago period. The bank has not had a good track record lately when it comes to beating...

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The Uniswap Foundation has disclosed that it holds $41.41 million in fiat cash and stablecoins on hand, with an estimated runway through the end of 2025. The foundation plans to use the fiat currency and stablecoins for grant commitments and operating activities, while the CRYPTOCAP:UNI tokens are earmarked for employee token awards. The foundation plans to...

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CRYPTOCAP:PEPE , a frog-themed meme coin, has reached a new all-time high at $0.00001725 on Monday, May 27. The asset has rallied 81% in the past seven days on Binance, adding 81% to its value. Meme coins have consistently extended gains in the ongoing cycle, alongside a rally in Bitcoin, Ethereum, and other cryptocurrencies in the top 20 assets by market...

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A large wallet investor has invested $863,000 in CRYPTOCAP:FLOKI and MAGA tokens since April 8, resulting in an unrealized gain of over $3.5 million in just two months. The two tokens have been consistently rallying in the ongoing meme coin supercycle, with CRYPTOCAP:FLOKI adding nearly 17% to its value and MAGA TRUMP sustaining over 36% gains in the last...

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The total value locked (TVL) on The Open Network blockchain has surpassed $300 million, marking an over tenfold increase since early March. This surge is driven by decentralized exchanges like Ston.fi and Dedust, as well as liquid staking projects like Tonstakers and bemo. The network's TVL has increased from $23 million in early March to the current $315 million...

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Over the past week, 10,000 new users have joined the Ethereum Layer-2 Arbitrum network, with the price of Arbitrum ( AMEX:ARB ) eyeing a significant milestone at $1.50. With anticipation of Ethereum ETF inflows, many of the 1.51 million AMEX:ARB investors are likely to hold their assets, potentially catalyzing further price fluctuations. The Arbitrum community...

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$BTC/USD experienced a positive week, up +1.9% as of London's close on Friday. The price movement on the weekly timeframe has been working between the limits of a potential bullish flag pattern since forming the all-time high of $73,845 in March. The Spot Bitcoin ETFs recorded an inflow of over 15,000 CRYPTOCAP:BTC over the past week, which scooped up more than...

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Ethereum ETFs were approved partly due to Bitwise's correlation analysis, which has led to analysts expecting spot ETH ETFs to disappoint due to key metrics. The SEC approved 19b-4 spot ETH ETF filings on Thursday due to the high correlation between spot CRYPTOCAP:ETH price and CME Ethereum futures prices, similar to that of Bitcoin. This conclusion was reached...

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XPeng ( NYSE:XPEV ), an electric vehicle manufacturer, is facing challenges in transitioning to a dealer-dependent sales model due to staffing adjustments and leadership shifts. Gu Yuanqin, former XPeng vice president of financial platform operations and management, has taken over as head of sales, taking over the duties of previous head of sales Wang Tong. Gu has...

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Bitcoin ( CRYPTOCAP:BTC ) price surged 10% to over $69,000 this week, sparked by various factors and increasing the odds of it breaking to $75,000. This week was marked by major crypto events such as the US House passing FIT21 for crypto regulation, the anti-CBDC bill banning the Federal Reserve from issuing CBDC, spot Ether ETFs approval, and spot Bitcoin ETF...

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Solana's Phantom Wallet, a popular app for accessing Solana's web3 ecosystem, has surpassed Facebook and ChatGPT in the Google Play Store's U.S. rankings. Currently ranked #11 behind Cash App and Snapchat in the free download category, it saw an estimated 770,000 downloads in April. Phantom Wallet, originally designed to hold only Solana ( CRYPTOCAP:SOL ) tokens,...