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Eli Lilly shares fell on Wednesday after the diabetes and obesity drug giant reported disappointing third-quarter results and cut its full-year sales outlook. Although the report was sloppy, it didn’t dampen Eli Lilly’s positive multi-year outlook, which sees falling stock prices as buying opportunities. LSEG said sales for the three months ended Sept. 30 were $11.44 billion, up 20% from a year earlier, and below analyst consensus of $12.11 billion. Adjusted earnings per share (EPS) came in at $1.18, below expectations of $1.47, according to LSEG data. The club’s shares opened nearly 12% lower on Wednesday, but have since pared…
Important points Ubisoft has released the turn-based RPG Champions Tactics: Grimoria Chronicles for PC. Free-to-play blockchain-based games require players to link a valid blockchain wallet to their account in order to play. The game’s characters must be purchased using in-game currency or cryptocurrency, which immediately caused a backlash from the community. Ubisoft has released Champions Tactics: Grimoria Chronicles, a competitive turn-based RPG with Web3 features. The game was first announced in June 2023, but due to declining support for blockchain-based games and NFTs, many expected Ubisoft to postpone or cancel the title. The NFT market started exploding in popularity in…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. In October of this year, an unexpected player has surpassed the major cryptocurrencies and is attracting the attention of the crypto community. An unexpected player has outperformed major digital currencies this October. While the most famous cryptocurrencies are gaining traction, another investment is quietly overtaking them all. This amazing asset is gaining attention in the cryptocurrency community. What is this rising star that is overtaking the top digital tokens? Discover investments that challenge the dominance of established cryptocurrencies. It…
Bitwise Chief Investment Officer Matt Hogan on Wednesday expressed optimism about the future of Bitcoin’s BTC/USD price, predicting it could surpass the $100,000 level in 2025. What happened: In an interview with Yahoo Finance, Hogan cited increased institutional adoption and increased ETF flows as the main drivers. “We’re going to take Bitcoin to six digits,” Hogan said, adding, “Cryptocurrency has gone from niche to mainstream. 60% of the largest hedge funds are allocated to it. .” Hogan emphasized that regulatory clarity is becoming less of an obstacle for Bitcoin compared to other digital assets where there is greater regulatory uncertainty.…
Dogecoin DOGE/USD has soared 22% this week, with some traders predicting a parabolic rally in November. What Happened: Trader Master Kenobi shared an analysis of Dogecoin’s performance against Bitcoin and identified similarities with the market situation four years ago following the Bitcoin halving. The current cycle is 39 days after completing the typical 235-day post-halving period, and he predicts a possible bull market for DOGE-BTC. Kenobi suggests two scenarios. A faster timeline with a consolidation phase followed by a 39-day breakout where DOGE will soon outperform Bitcoin. He favors the latter and expects DOGE to break above the 200 MA…
October 30, 2024 – New York, NY Morph, the global consumer powerhouse driving blockchain adoption, today announced the launch of its mainnet on Ethereum. The mainnet launch marks an important milestone in building Morph’s consumer layer, serving as an extension beyond the typical layer 2. Morph’s consumer base directly addresses the root causes of limited blockchain adoption and enables ecosystem participants to exchange real assets and participate in transactions. Projects already built on Morph will be able to move to mainnet and continue developing their technology with this expanded reach, further fueling the growth of our consumer base. Cecilia Hsueh,…
Data shows that the crypto derivatives market is experiencing mass liquidations as the price of Bitcoin exceeds $71,000. Crypto derivatives experienced $223 million in liquidations in the past 24 hours Liquidations have piled up in the crypto derivatives market over the past day, according to data from CoinGlass. “Liquidation” here refers to the forced termination of an open contract after it has accumulated a certain amount of losses (the exact percentage may vary depending on the platform). There are two main factors that increase the likelihood of a contract being liquidated: volatility and leverage. In the cryptocurrency sector, mass liquidation…
Researchers have released a new report claiming that YouTube’s biggest star, MrBeast, made $23 million in crypto profits “from numerous scams, shady transactions, and his network.” However, this heavily hedged report also shows signs that it is less than 100% reliable. In fact, its end credits, which acknowledge pseudonymous researchers who have fewer than 4,000 followers on X (formerly Twitter) at the time of publication, read more like a job application than an authoritative biography. Not only that, but the principal investigator’s website (the default SquareSpace template doesn’t have nearly enough content to function) doesn’t provide any information about the…
Gold hits record high as investors brace for stock price volatility 27 minutes ago Gold futures (GC1!) hit a new all-time high on Wednesday as investors flock to the precious metal as a safe haven amid heightened uncertainty and geopolitical tensions surrounding next week’s US presidential election. At one point it exceeded $2,800, and at one point it rose above $2,800. Gold futures soared to $2,801.70 in early trading, surpassing the all-time high reached just yesterday, but gave up some of that gain. This has made gold one of the best-performing commodities year-to-date, up about 35%, easily outpacing the S&P…
AMD showed strong momentum in the artificial intelligence space in Q3. So why are stock prices falling? Advanced Micro Devices (AMD -9.98%) stock is falling following the company’s third-quarter earnings release on Wednesday. Shares of the semiconductor specialist company were down 9.6% as of 1 p.m. ET. AMD released its third-quarter results after the market closed yesterday, achieving earnings in line with market expectations and sales exceeding expectations. The company reported non-GAAP (adjusted) earnings per share of $0.92 on revenue of $6.82 billion, beating Wall Street’s average sales estimate of $6.71 billion for the period. However, despite the quarter’s sales…