Top neocloud stocks are in a freefall, erasing billions of dollars in value as concerns about AI spending emerge. IREN stock dropped to $33.61, its lowest level since April 7, and 52% below its highest point this year. Its valuation has fallen from $24 billion to
Bloom Energy stock is moving from bad to worse as it crashed to $206, its lowest level since April last year. BE has slumped by over 40% from its all-time high as concerns about its valuation and the data center industry remained. This retreat has
Cardano is heading into one of its most closely watched network events in years.The Van Rossem hard fork is scheduled to go live tomorrow, putting ADA in the spotlight as traders assess whether the upgrade can provide enough momentum to reverse the token's recent weakness.
Stellar (XLM) is trying to stabilize after a volatile week that saw the token come under pressure alongside the broader cryptocurrency market.XLM was trading at $0.1834, down 3% over the past 24 hours, while extending its weekly decline to 4.3%.Despite the recent weakness, traders are
The post MegaETH Shuts Down Mega Mafia Accelerator After Two Years appeared first on Coinpedia Fintech News MegaETH is shutting down its flagship Mega Mafia startup accelerator after two years and two successful cohorts. Co-founder Shuyao Kong confirmed there will be no Mega Mafia 3.0. However,
The post Arbitrum Price Nears Breakout After $1.37M Whale Accumulation appeared first on Coinpedia Fintech News Arbitrum (ARB) could be entering a decisive phase after fresh whale accumulation coincided with its breakout setup. On-chain data revealed that a whale withdrew 15.56 million ARB, worth nearly $1.37
The post Why Is HyperLiquid (HYPE) Price Crashing? Is This a Short-Term Capitulation? appeared first on Coinpedia Fintech News HyperLiquid (HYPE) price has corrected nearly 20% from its recent high near $69, slipping back toward the $60 mark despite what initially appeared to be a bullish
The post Japan’s SBI Holding Acquires Singapore Crypto Platform Coinhako appeared first on Coinpedia Fintech News Japan’s financial giant SBI Holdings has acquired a majority stake in Singapore based exchange Coinhako. The deal strengthens SBI’s presence in Southeast Asia and could speed up its plans for
Rocket Lab’s stock price plunged more than 12% on July 16, hitting its lowest level since April 13. The decline has pushed the shares down 55% from their peak this year, wiping out nearly half of the company’s market value as its valuation fell from
The Nikkei 225 Index slumped by over 5% today, July 17, as the rout in Asian technology companies accelerated. It has now moved into a technical correction after falling by 12% from its highest point this year. While most companies dropped, the biggest losers were