Supermicro Computer (SMCI. O) said on Tuesday it cut its third-quarter revenue forecast to $4.50 billion - 4.60 billion, down from an earlier estimate of $5 billion - 6 billion. Supermicro fell more than 16 percent after hours.
"ETH appears to be trying to build some bullish momentum and could eventually rally above $3,000," said Joel Kruger, strategist at LMAX, in a note on Tuesday. "Sentiment towards the world's second-largest crypto asset is rising again as many medium- to long-term players step in to take advantage of the recent decline." In addition, cryptocurrency analysis firm 10x Research pointed out in a report that Ethereum's Relative Strength Index (RSI), a key technical indicator that measures momentum, fel...
According to Bloomberg, Montenegro Prime Minister Milojko Spajic said on Tuesday that Montenegro has completed the extradition of Terraform Labs co-founder Do Kwon to the United States. This extradition demonstrates our strong commitment to international justice and the rule of law, he wrote on the X platform. Do Kwon is facing a double indictment in New York and Seoul for losing $40 billion in the 2022 TerraUSD stablecoin crash. He was previously arrested in Montenegro for using a forged passpo...
Toyota Motor Co. (TM. N) will donate $1 million to U.S. President-elect Donald Trump's Jan. 20 inauguration, a spokesperson said Tuesday. A day earlier, Detroit-based Ford Motor Co. (F. N) and General Motors Co. (GM. N) also said they would donate the same amount. Ford and GM will also provide vehicles for the inauguration, but Japan-based Toyota said they do not plan to do so. Trump's proposed tariffs on imports from Mexico and Canada would affect many car manufacturers in North America...
Coinbase said on Tuesday that its trading conditions remained stable and played down reports of a significant drop in bitcoin order liquidity during the Securities Exchange Commission's (SEC) lawsuit against market maker Cumberland. A Coinbase spokesperson said: "In October, we did not see a significant change or decline in BTC-USD depth around 2%." Previously, Kaiko said in a report released on Monday that the 2% BTC depth on Coinbase began to decline from 18:00 UTC on October 10, falling by 46...
According to CNN, a senior Lebanese Hezbollah official said Tuesday that Hezbollah supports efforts to achieve a ceasefire in Lebanon, the first time the group has publicly supported a ceasefire that is not conditional on stopping the war in Gaza.
Vice President Harris will balance America's desire to outperform other countries in artificial intelligence with the need to protect people from deepfakes and other harmful uses, an adviser to Harris said Tuesday, according to Politico. "She has always believed strongly that the United States must maintain its global competitiveness in artificial intelligence and other emerging technologies," said Tony West, Harris's brother-in-law, who has been helping Harris's campaign....
The United Auto Workers (UAW) said Tuesday that the union has filed federal labor charges against former President Trump and Tesla CEO Elon Musk after they taunted and threatened workers involved in the strike during a conversation. "Both Trump and Musk want the working class to sit down and shut up, and they openly mock that," UAW President Sean Fein said in a statement. "This is disgusting, illegal, and totally predictable...
On July 9, crypto trading platform Kraken said Tuesday that it has conducted an analysis of millions of Australian wallets, revealing trends in user trading behavior and asset preferences in the region. The analysis shows that Bitcoin remains the most actively traded cryptocurrency by users in Australia, accounting for 27% of all trading volume in the country between May 2023 and May 2024, slightly above the global average of 26%. SOL also gained traction, accounting for 10% of trading volume, c...
Nintendo's president said Tuesday that the company has confirmed that it will not include artificial intelligence-generating technology in its games due to intellectual property concerns. Nintendo President Shuntaro Furukawa said during a Q & A session with investors that while generative artificial intelligence has become increasingly popular, the company has no current plans to use it in upcoming games. "We have decades of expertise in creating unique gaming experiences...