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Bullish Shares Drop After Crypto Exchange Reports Record Q3 Revenue

Shares in crypto exchange Bullish declined by over 5% following the announcement of its Q3 earnings, despite reporting record adjusted revenue of $76.5 million and net income of $18.5 million. This marks a significant improvement from last year's quarter, where the firm reported $44.6 million in adjusted revenue and a net loss of $67.3 million. The company launched an options product and a U.S. exchange in Q3, with trading volume for the options product surpassing $1 billion. Bullish's CFO David Bonanno highlighted strong momentum leading into Q4, indicating that they remain optimistic about growth in 2025. CEO Tom Farley noted the onboarding of key customers and expressed confidence in tokenization as a transformational value proposition in crypto. However, the broader market sell-off has led to retail capitulation, with Bitcoin experiencing a drop and signaling potential market corrections. Analysts suggest that this decline could indicate a market bottom.

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BlackRock Bitcoin ETF Posts Record $532 Million Daily Loss as BTC Price Slump Worsens

BlackRock's iShares Bitcoin Trust (IBIT) experienced a record loss of $532 million in a single day, extending its streak of outflows to five consecutive days. Over this period, the ETF has lost more than $1.4 billion, marking the largest total for any consecutive day stretch in its

AI Agents Need Identity and Zero-Knowledge Proofs Are the Solution

As AI agents become more prevalent, issues surrounding trust and identity verification have emerged. Investment firms increasingly use AI for analyzing documents, leading to concerns about invasion of privacy, with biometric data rigged against protecting users. Current verification methods expose users to surveillance and data breaches, raising an urgent need

10-year Bitcoin model approves buying BTC at $100K since time does ‘the heavy lifting’

A recent Bitcoin model indicates that long-term returns on Bitcoin investments remain around 300%, regardless of the entry price. Researcher Sminston With’s 10-year simulation examined three purchasing scenarios: buying at $94,000, and at 20% lower or higher. The study projects that even the least favorable entry points could

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