Polygon Beats Estimates As MATIC Registers 26% Weekly Gain.
Polygon (MATIC) surpassed expectations with regards to its trading price as it ended up being the top gainer in a seven-day period
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Estimates
Bitcoin Mining Major Riot Blockchain Misses Analyst Estimates for Q3 Earnings
The miners cash reserves, however, didn't move much compared to the previous quarter, even as other major miners are saying that they are close to bankruptcy. Riot had $255 million of cash on hand and 6,766 BTC at the end of the third quarter, compared to $270.5 million in cash
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Facebook Parent Meta Misses Revenue Estimates for Metaverse Division in Q3, Expects Losses to Grow in 2023
Meta's revenues for the division came in at $285 million, down from $452 million in the second quarter. Source
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“Rosy” Earnings Estimates Will Hurt Bitcoin, BTC Struggles At $20K
Bitcoin continues to lose momentum on low timeframes, as bulls were unable to follow through on yesterday’s upside impulse. The cryptocurrency was
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Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates
The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate. Source
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Bitcoin Miner Greenidge Generation Shares Fall as Revenues Miss Estimates
The company said the combination of falling bitcoin prices and high global energy prices presented a “challenging earnings environment.” Source
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US Adds 528K Jobs in July, More Than Doubling Estimates
US Adds 528K Jobs in July, More Than Doubling Estimates Original Source
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Skybridge Estimates Bitcoin’s Fair Market Value at $40K and Ethereum’s at $2,800 – Markets and Prices Bitcoin News
Skybridge Capital’s founder says bitcoin’s fair market value is about $40,000 based on adoption, wallet size, use cases, and growth of wallets. The asset management firm also estimated ethereum’s fair market value at around $2,800. Skybridge Capital on the Fair Values of Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner
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Block Beats Q2 Estimates but Bitcoin Revenues Fall
The payments firm beat analysts’ revenue estimates, but the company said sales were down year-over-year due to a decrease in bitcoin revenue. Source
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Chainalysis Estimates $2B Stolen From Cross-Chain Bridge Hacks This Year
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