- President Donald Trump signed an order allowing cryptocurrency in 401k plans. CleanSpark reported third-quarter earnings of 90c per share on a revenue of $198.6M, marking its most successful quarter. Galaxy Digital reported Q2 EPS of 8c on a revenue of $9.06M, beating analyst estimates. B. Riley raised CleanSpark’s price target to $17.
- Hut 8 reported Q2 EPS of $1.18 on revenue of $41.3M, exceeding analyst views. MicroStrategy acquired 21,021 bitcoin for $2.46B, bringing its total holdings to 628,791. Corpay and Circle announced a collaboration to expand stablecoin access. Coinbase was downgraded by Compass Point and BofA.
- Coinbase users in Canada can now use PayPal for payments. Various firms raised price targets on Galaxy Digital, including Benchmark, Canaccord, and Clear Street. DDC Enterprise announced a collaboration with Galaxy, while Mill City Ventures III partnered with Galaxy Asset Management for a treasury strategy.
- Bit Digital, Core Scientific, Greenidge Generation, Mara Holdings, Riot Platforms, and TeraWulf are publicly traded companies in the crypto space. Bitcoin rose 1% this week to $116,909. Stay up-to-date with crypto news on The Fly and join their daily recap on FlyCast radio.
Read more at Yahoo Finance: Trump signs executive order to allow crypto in 401(k) plans