Bitcoin Saw Heavy Profit Taking in May: Goldman Sachs
The amount of bitcoin held on exchanges fell 12%, while ether supply saw a slight gain, the report said. Source
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Profit
Bitcoin's Short-Term Holders Are Again Selling at Profit
Short-term holders' renewed profitability is a positive signal for near-term price action, according to on observer. Original Source
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Bitcoin Pizza Day Turns Sour as Meme Coin Shysters Profit Over $200K in Rug Pulls
The 13th anniversary of the first bitcoin transaction has taken a nefarious turn with meme coin issuers profiting over $200,000 from pizza-related rug pulls. Original Source
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Ryanair Posts Impressive FY23 Profit as It Capitalized on Its Oil Hedging Positions
The aviation business faces numerous problems and uncertainties, including fuel pricing, regulatory changes, geopolitical events, economic conditions, and competition from other carriers. Ryanair Holdings Plc (NASDAQ: RYAAY) one of the largest and most well-known low-cost carriers in Europe has reported a full-year net profit pegged at 1.43 billion euros ($1.55 billion).
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Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD
A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1. Plaintiff
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Emirates Group Reports Record Annual Profit of $3B after Prior Devastations of Covid-19 Restrictions
Emirates Group announced global freight expansion to different destinations including Tanzania, Germany, Canada, and Brazil. Emirates Group, a state-owned Dubai-based international aviation holding company, released its 2022-2023 financial results. According to the announcement, Emirates achieved a record annual profit of AED 10.9 billion, approximately $3 billion. The airline service company was
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USDT Stablecoin Issuer Tether Reveals Bitcoin, Gold Reserves, Reports Q1 $1.48B Profit
According to the Q1 attestation signed by financial services firm BDO Italia, Tether held about $2.44 billion in excess reserves of the $79.4 billion Tether-issued tokens in circulation as of March 31. That surplus was at an all-time high, Paolo Ardoino, chief technology officer of Tether, said in the announcement. Source
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Galaxy Digital (GLXY) Posts $134M First-Quarter Profit on Strong Showing for Crypto Market
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Warner Bros. Discovery Q1 2023 Results Sees Media Giant Realize Streaming Profit despite Sustaining Overall Loss
Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year. On Friday, May 5, Warner Bros Discovery (NASDAQ: WBD) reported its Q1 2023 earnings before the bell that came in mixed. For instance, the media and entertainment giant reported a significant overall loss despite
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What is profit and loss (PnL) and how to calculate it
Anyone who has dealt with trading in traditional finance is likely to be aware of profit and loss (PnL). But is PnL in the cryptocurrency world the same? The ability to comprehend terms like mark-to-market (MTM), realized PnL and unrealized PnL will help develop a better understanding of the cryptocurrency
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