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Fintech Stock Block Just Proved That the Ultimate Cryptocurrency Has a Clear Use Case
Yahoo Finance· 2026-02-03 15:05
In the past decade, there has been a ton of innovation in the payments industry. One of the businesses leading the charge is Block (NYSE: XYZ). The Jack Dorsey-led company has become popular among consumers and small merchants, propelling its growth over the years. This fintech stock is pushing forward, as it recently introduced a major product offering that may just prove to be a bullish indicator for the ultimate cryptocurrency. Here's what investors need to know. Where to invest $1,000 right now? Our a ...
BMO Capital Highlights Earnings Visibility at NextEra Energy (NEE)
Yahoo Finance· 2026-02-03 14:25
Core Insights - NextEra Energy, Inc. is recognized as one of the Dividend Growth Stocks: 25 Aristocrats [1] - BMO Capital raised its price target for NextEra Energy to $95 from $93, maintaining an Outperform rating, and highlighted solid fourth-quarter results with reaffirmed 2026 EPS guidance and an expected long-term earnings growth of approximately 8% through 2035 [2] Group 1: Financial Performance - NextEra Energy exceeded Wall Street's fourth-quarter profit expectations, driven by growth in its regulated Florida utility and a record year for renewable energy and battery storage additions [5] - The company anticipates that power consumption will reach new all-time highs in 2026, influenced by the expansion of AI and cryptocurrency data centers, as well as a shift from fossil fuels to electricity for heating and transportation [5] Group 2: Strategic Initiatives - NextEra is considering an expansion of its nuclear fleet to meet the rising electricity demand from data centers, with advanced talks to supply power for an additional 9 gigawatts of data center capacity [3] - The company indicated it could add up to 6 gigawatts of new nuclear technologies at existing sites and is evaluating new locations for advanced nuclear facilities [4] Group 3: Company Overview - NextEra Energy operates Florida Power & Light and its energy infrastructure arm, NextEra Energy Resources, focusing on expanding its wind, solar, and battery storage portfolio [6]
TIAN RUIXIANG Announces Groundbreaking USD1.5 billion plan to acquire 15,000 BTC from a Strategic Investor, Unveiling Deep AI and Cryptocurrency Synergy Partnership
Globenewswire· 2026-02-03 14:21
Core Insights - TIAN RUIXIANG Holdings Ltd has entered a strategic agreement with a global digital asset investor, involving the injection of 15,000 Bitcoins in exchange for equity, enhancing its position in AI and cryptocurrency [1][2][4] Financial Impact - The Bitcoin infusion represents a significant addition to TIRX's balance sheet, strengthening its financial position and resilience while unlocking substantial shareholder value [2][4] - The transaction is expected to accelerate TIRX's product R&D cycle and expand its global market reach [4][6] Strategic Partnership - The partnership will establish a joint global innovation lab, focusing on AI-powered cryptocurrency trading systems, blockchain infrastructure, and new AI-crypto fusion products [3][4] - The collaboration aims to leverage TIRX's AI capabilities and the investor's crypto market insights to create a competitive advantage in the evolving landscape [3][4] Market Positioning - TIRX aims to dominate the convergence of AI and cryptocurrency, positioning itself as a leader in the integration of these technologies [4][5] - The company is committed to driving mass adoption of innovative digital finance solutions globally [4][6]
TIAN RUIXIANG Announces Groundbreaking USD1.5 billion plan to acquire 15,000 BTC from a Strategic Investor, Unveiling Deep AI and Cryptocurrency Synergy Partnership
Globenewswire· 2026-02-03 14:21
Core Viewpoint - TIAN RUIXIANG Holdings Ltd has entered a transformative strategic agreement with a leading global digital asset investor, involving the injection of 15,000 Bitcoins in exchange for a significant equity stake, aimed at driving innovation and market leadership in AI and cryptocurrency ecosystems [1][2]. Group 1: Strategic Partnership and Investment - The strategic investor is a highly-respected entity with extensive expertise and networks in the cryptocurrency space, bringing not only a substantial Bitcoin injection but also valuable industry insights and resources [2]. - The equity-based transaction reflects the investor's confidence in TIRX's long-term vision and management team, enhancing TIRX's financial position and shareholder value [2][4]. Group 2: Innovation and Collaboration - The partnership will establish a joint global innovation lab, focusing on developing AI-powered cryptocurrency trading systems, blockchain infrastructure, and innovative AI-crypto fusion products [3]. - Key collaboration areas include enhancing scalability and security in decentralized applications and exploring new markets in digital assets, leveraging TIRX's AI capabilities and the investor's market insights [3][4]. Group 3: Long-term Vision and Market Positioning - This transaction embodies TIRX's long-term strategic vision to dominate the convergence of AI and cryptocurrency, aiming to redefine technological innovation and market competition [4]. - The company believes that the partnership will accelerate product development, expand market reach, and drive mass adoption of digital finance solutions globally [4][6].
Here’s How I’m Playing Bitcoin’s Latest Plunge
Yahoo Finance· 2026-02-03 14:18
Quick Read Bitcoin dropped more than 14% to start 2026. Gold fell 10% in a single day. Bitcoin failed to benefit from the selloff. Quantum computing advancement adds uncertainty to the mix. Investors rethink 'hands off' investing and decide to start making real money A new year hasn't marked a turn in the price of Bitcoin (CRYPTO:BTC) and other cryptocurrencies. While there's plenty to be concerned about as Bitcoin prices take a few steps lower following the bloodbath witnessed in the precious me ...
SRx Health Solutions Significantly Reduces Short Position of Cryptocurrency Portfolio Amidst Current Market Volatility
Globenewswire· 2026-02-03 14:15
NORTH PALM BEACH, Fla., Feb. 03, 2026 (GLOBE NEWSWIRE) -- SRx Health Solutions, Inc. (NYSE American: SRXH) (the "Company") today announced it has significantly reduced its short position across its cryptocurrency portfolio of Bitcoin and Ethereum amidst current market volatility. Previously, the Company disclosed a cryptocurrency portfolio of approximately $18 million across Bitcoin and Ethereum as part of its digital treasury management strategy. The decision to reduce its short position to nearly zero has ...
Galaxy Digital reports Q4 loss as digital asset prices fall, posts full-year adjusted EBITDA gain
Yahoo Finance· 2026-02-03 13:50
Core Insights - Galaxy Digital reported a net loss of $482 million in Q4, primarily due to a 24% decline in total cryptocurrency market capitalization [1] - For the full year, the company experienced a net loss of $241 million, impacted by lower digital asset prices and $160 million in one-time costs related to bitcoin mining infrastructure and corporate reorganization [2] - Despite losses, Galaxy achieved an adjusted gross profit of $426 million and adjusted EBITDA of $34 million for the full year, indicating operational resilience [3] Financial Performance - In Q4, Galaxy's Global Markets segment generated an adjusted gross profit of $30 million, down from a record quarter earlier, with trading volumes declining by about 40% [4] - The Asset Management and Infrastructure Solutions segment reported $21 million in adjusted gross profit in Q4, with $6.4 billion in assets under management and $5.0 billion in assets under stake [5] - The asset management business recorded $2.0 billion in net inflows during 2025, representing 34% organic growth, alongside the expansion of its institutional staking platform [6]
Moscow Exchange Plans Solana, Ripple and Tron Futures as Crypto Index Suite Expands
Yahoo Finance· 2026-02-03 13:38
Core Viewpoint - The Moscow Exchange (MOEX) plans to expand its cryptocurrency offerings in 2026 by launching new futures contracts linked to major digital assets such as Solana, Ripple, and Tron [1][2][3] Group 1: New Product Launches - MOEX will introduce three new crypto indices that reflect the price dynamics of Solana, Ripple, and Tron, followed by futures contracts based on these indices [2][3] - The exchange currently offers futures on Bitcoin and Ethereum and aims to broaden its crypto pairings with top market names [3] Group 2: Index Foundation for Futures - Futures contracts on crypto assets require underlying indices as reference prices, which MOEX currently provides for Bitcoin and Ethereum [4][5] - The indices are calculated according to a transparent methodology and are published on the exchange's website [5] Group 3: Contract Specifications - The new futures contracts will be cash-settled, similar to existing Bitcoin and Ethereum contracts, and will expire monthly [6] - These contracts will comply with current Bank of Russia regulations and will only be available to qualified investors [6] Group 4: Future Considerations - MOEX is also considering the introduction of perpetual futures and options for major cryptocurrencies, including Bitcoin and Ethereum, after expanding its range of futures pairs [7]
Ethereum Price Warning: $1,500 Risk Appears As a Bullish Metric Drops 90%
Yahoo Finance· 2026-02-03 13:00
Core Insights - Ethereum price shows early signs of stabilization after a sharp sell-off, rebounding about 4.6% from a low near $2,160, but this may be a relief bounce within a broader falling wedge pattern [1] - On-chain data indicates weakening long-term holder behavior and profit-loss metrics, suggesting the rebound may lack strong conviction [1][5] - If current trends persist, Ethereum could be vulnerable to further declines, potentially reaching $1,500 [1] Price Movement and Technical Analysis - Since mid-January, Ethereum has experienced a nearly 37% decline to lows around $2,160, following a bearish divergence where price made higher highs while the Relative Strength Index (RSI) made lower highs [2] - The price has remained within a falling wedge, a typically bullish structure indicating weakening selling pressure [3] Long-term Holder Behavior - Long-term holder conviction has weakened significantly, with the Hodler Net Position Change dropping from a peak of +338,708 ETH on January 18 to around +40,953 ETH by February 2, a decline of nearly 90% [5][6] - The reduction in accumulation by long-term holders during the correction suggests that the market may not have reached a true bottom, as strong bottoms typically see continued accumulation despite falling prices [7] Profit and Loss Metrics - Ethereum's Net Unrealized Profit/Loss (NUPL) and exchange transfer data indicate that rallies are being sold, with NUPL measuring the profit or loss holders have on paper [8]
Elon Musk Seeks Crypto Experts for xAI After SpaceX Merger: Here’s Why
Yahoo Finance· 2026-02-03 12:53
Core Insights - Elon Musk announced the merger of his AI startup, xAI, with SpaceX, creating a private company valued at approximately $1.25 trillion [1] - xAI is actively seeking "crypto experts" to enhance its AI models with insights from cryptocurrency markets, indicating a strategic focus on AI-driven financial analysis rather than direct trading [2][5] Group 1: Company Developments - The merger between xAI and SpaceX positions the combined entity as a significant player in the AI and space sectors, leveraging resources and expertise from both companies [1][8] - xAI's job listing for a "Finance Expert – Crypto" role emphasizes the need for high-quality data annotations and evaluations to refine AI models, particularly in the context of cryptocurrency [2][5] Group 2: Strategic Focus - The hiring of crypto experts aligns with Musk's vision to integrate AI with advanced technologies, including space exploration and financial systems, particularly cryptocurrencies [4] - The role of crypto experts will involve training AI on various topics, including quantitative finance in crypto markets, derivatives trading, and on-chain analytics [6][7] Group 3: Future Applications - xAI aims to develop AI-driven financial agents capable of analyzing cryptocurrency markets continuously, enhancing predictive analytics on market trends and blockchain data [7] - The merger with SpaceX provides xAI access to engineering talent and space-based AI computing potential, positioning the company to lead in the integration of AI and finance [8]