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Tag: Cryptocurrency

2024-08-31

Affirm shares surge 32% for best day in three years on earnings beat

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Business

Max Levchin, co-founder of PayPal and chief executive officer of financial technology company Affirm, arrives at the Sun Valley Resort for the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Affirm shares soared nearly 32% on Thursday, notching their best day in almost three years, after the provider of buy now,…

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2024-08-31

Disillusioned crypto investors are struggling behind bitcoin’s ETF success

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Business

Crypto investors are having a mild existential crisis as demand for the young asset class dries up in the midst of a bull market. In the past month, search interest in crypto has been muted, network activity has been subdued and futures funding rates briefly went negative. Ether ETFs, which began trading a little over a month ago, have…

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