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Thursday’s biggest S&P 500 gainers 5 hours 55 minutes ago refuser Stock prices of medical insurance companies fell after industry giant Elevance Health (ELV) reported lower-than-expected profits in the third quarter and lowered its full-year outlook. The company attributed the shortfall to a decline in Medicaid enrollment due to eligibility redetermination and other changes. Elevance stock fell 10.6%, with losses spread to other health insurance stocks with exposure to Medicaid. Molina Healthcare (MOH) stock plunged 12.6%, the biggest decline in the S&P 500, while Centene (CNC) stock also fell 9.1%. CSX (CSX) stock fell 6.7% after the freight forwarder’s quarterly…
Payment processing giant Stripe is reportedly in the final stages of acquiring Bridge, a Sequoia-backed company focused on stablecoin-based fund transfers, with the deal potentially worth around $1 billion. There is sex. If the deal goes through, it would be Stripe’s largest acquisition to date. However, according to Bloomberg, the deal is still far from certain as both sides could still pull out. Co-founded by former Square and Coinbase executives, Bridge integrates stablecoins like USDC and USDT into traditional financial systems, enabling cross-border payments and currency exchange. The Texas-based company is gaining momentum through partnerships like its one with Bitso…
According to an October 17 statement, Kraken has introduced a new wrapped Bitcoin product, kBTC, to tap into the rapidly expanding sector.kBTC is a fully backed, cross-network compatible ERC-20 token that represents Bitcoin. Each kBTC is backed 1:1 by an equal amount of Bitcoin, securely stored under Kraken control, and has on-chain reserves available for public verification. The token has been audited by security firm Trail of Bits.Kraken emphasized that the launch of kBTC is in line with the company’s mission to accelerate the adoption of cryptocurrencies globally. This product leverages the strengths of Bitcoin while expanding its use cases…
USA, October 17, 2024 / AlexaBlockchain/ – We are pleased to introduce EVM Explorer, a cutting-edge open source web interface that revolutionizes the exploration and analysis of blockchain data. Designed with a user-friendly interface, EVM Explorer leverages the BlockScout API and viem library to enable users to dig deep into transaction patterns and user behavior across multiple EVM chains.EVM Explorer serves as a versatile tool that simplifies the exploration and analysis of smart contracts. The intuitive design allows users to access comprehensive details and statistics about smart contracts, user addresses, token balances, transactions, and blocks.Key features of EVM Explorer:Discover and…
Despite the recent spike in mortgage rates, home builders are growing more confident in the housing market.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index rose 2 points from the previous month to 43 in October, marking the second straight month of increases. The October figure was higher than economists’ expectations of 42, according to Bloomberg data.Still, readings below 50 indicate that more builders consider conditions to be worse than good.“Although housing affordability remains low, builders are becoming more optimistic about market conditions in 2025,” Carl Harris, chairman of NAHB, a Wichita, Kansas-based custom home builder, said in…
Ethereum open interest | ETHUSD Looking at the chart above, Ethereum open interest rose to $13.08 billion when the price peaked at $2,628 on Tuesday, October 15th. But since then, rather than doubling down on that rally, ETH traders have started closing out their positions. Notably, total ETH open interest has now declined to $12.77 billion as of writing on October 17, reflecting over $310 million worth of capital outflows within the past 48 hours. are. Ethereum price risks further correction in the short term When key resistance levels are tested and open interest begins to decline, strategic investors often…
Tether’s USDT, the largest cryptocurrency stablecoin, recently celebrated its 10th anniversary in the industry. The company’s growth has been impressive thanks to its stable user base, asset holdings that include $97 billion in U.S. government debt, and plans to partner with U.S. law enforcement agencies to strengthen its brand. Now, the team behind Tether can find another reason to celebrate. According to the data, Tether’s USDT user growth hit its highest quarter in Q3, adding 36.25 million new users. The company added that its quarterly user data has grown an average of 9% over the past 12 months, giving it…
PayPal is moving deeper into the world of cryptocurrencies.In an announcement Thursday, the payments giant said U.S. customers can now use their Venmo accounts to buy digital coins and tokens like Bitcoin and Ethereum on MoonPay.Venmo is a popular mobile payment app owned by PayPal. MoonPay is a platform where people can buy, sell, and exchange digital coins and tokens. Venmo customers can use their account balance, direct bank account withdrawal, or debit card to fund their crypto purchases on MoonPay, but MoonPay says the Venmo integration is not available to users in New York and Texas. That’s what it…
CIFDAQ Blockchain Ecosystem Global Inc. has appointed Jay Hao as co-founder and global chief operating officer. With an extensive background in virtual digital asset management and a successful tenure at OKX, one of the world’s largest virtual digital asset exchanges, Jay Hao joins CIFDAQ at a critical time of growth and expansion. His deep operational expertise and strategic insight will be critical as CIFDAQ strengthens its global footprint, particularly in the fast-growing markets of India and Southeast Asia.In Jay Hao’s previous role at OKX, he oversaw global operations, grew user engagement, ensured platform security, and drove compliance. With a strong…
Donald Trump’s cryptocurrency project, World Liberty Financial, released a 13-page document Thursday explaining its mission and how it will allocate its tokens, allowing the Republican presidential candidate and his family to take home 75% of their net proceeds. suggested that there is a sex.World Liberty Financial (WLF) said the Trump family will receive 22.5 billion “$WLFI” tokens in what it calls “World Liberty Gold Paper,” including 1 token at launch. Based on a price of 1.5 cents per dollar, it is now worth $337.5 million. this week.Trump, who is in a virtual dead heat with Vice President Kamala Harris as…