Yangtze Memory Technologies Corp (YMTC), China's leading memory chipmaker, has denied it is seeking a back-door listing to take advantage of the frenzy in the country's chip-related stocks amid tighter US tech sanctions. Considered China's best chance to compete in advanced flash memory chips against global leaders Samsung Electronics and SK Hynix, YMTC issued a statement on Sunday saying it "never had any intention of pursuing a back door- listing". The statement was in response to earlier loca
Gauging Bitcoin, XRP Resistance Levels After Record Price Rallies
As cryptocurrencies enter price-discovery mode, options market activity can help traders identify potential resistance levels.
What Happened in Crypto Today: Why Traders Are Obsessed With Next Week
Here is a 2-minute breakdown of everything important that happened in crypto today.
Free Mobile Plan for Shareholders Spurs 7% Jump in Rakuten Stock
(Bloomberg) -- Rakuten Group Inc. shares surged on Monday after the Japanese e-commerce company announced that it would offer one-year free mobile plans for shareholders. Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe 6.7% advance in the stock, its biggest in
Bitcoin Surpasses $100,000: From Cypherpunk Dream to Mainstream Financial Asset
Bitcoin has crossed the $100,000 mark in 2024, a monumental achievement for the cryptocurrency that began as a fringe project of cypherpunks and tech enthusiasts.
Concerns of Volatility Rise as Altcoins Surge by Up to 99% and Bitcoin's Market Dominance Drops Below 55%
Hedera, IOTA, and JasmyCoin have shown significant growth in the cryptocurrency market since Nov. 1, recording gains of 99.31%, 79.61%, and 72.47%, respectively.
Pepe Coin Surges Past $11 Billion Market Cap, Overtakes Uniswap in Crypto Rankings
Pepe, the frog-themed meme coin, has surpassed $11 billion in market capitalization, briefly overtaking Uniswap’s token UNI, which holds a market cap of approximately $10.6 billion.
Options Giant Optiver Bets Japan’s Market Is About to Boom
(Bloomberg) -- Optiver is expanding its derivatives empire in Japan, where it aims to boost a single-stock options market that has so far been virtually non-existent.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe speed trader, which has been dealing index con
South Korean Stocks, Won Slump as Political Crisis Deepens
(Bloomberg) -- South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThe benchmark
Yuan, Euro Slump Points to Losses for Emerging-Market Currencies
(Bloomberg) -- Losses in the Chinese yuan and the euro have picked up in recent months, and that is worsening the outlook for emerging-market currencies in Asia and Europe.Most Read from BloombergA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectBrace for a Nationwide Shuffle of Corporate HeadquartersNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitThat’s because the yuan and euro play a role