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The company’s CEO Helena Helmersson said H&M upped sales in multiple markets even as customers reduced their spending behavior. On Thursday, popular fashion retailer H&M saw its shares reach a 16-month high as its Q2 profits exceeded expectations. The multinational clothing company gained 16.74% to reach its highest level since February
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The steep crash in crypto prices has triggered liquidations across the board, with the number of ethereum (ETH) futures contracts forcefully closed by OKX, a crypto trading platform, hitting a 1-month high, data from Glassnode, a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A DappRadar report reveals that revenue in blockchain gaming rose in May. Despite a slight slip in dominance, the industry witnessed a 6% month-to-month increase in unique active wallets (UAW). Gaming continued to command a significant
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The debt ceiling bill’s approval provided even another reason for the positive rally in stock futures. In an exciting development, US stock futures have continued to soar as traders make meaning of the highly anticipated May jobs report and celebrated the passing of a debt ceiling bill by United States lawmakers. According
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Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market. Source
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Increased fees and a backlog of transactions are besieging the Bitcoin (BTC) network and it’s due to a popular new “token” standard according to a CryptoQuant analyst.On May 9, Axel Adler Jr, an analyst with the crypto data firm, explained that BRC-20 memecoin minting on the BTC blockchain is causing
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Users of the Muun wallet, which utilizes both the bitcoin and lightning layers to process transactions, have been charged high fees, particularly those employing it for payments at South African retail chain Pick N Pay, said Kgothatso. Congestion on the mempool has meant that swaps in the Muun wallet are
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At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why
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Arbitrum follows in the footsteps of Optimism, a rival layer 2 scaling solution that issued an airdrop last April. The market capitalization of the Optimism token (OP) is $792 million with a market cap to TVL ratio of 0.84, according to DefiLlama. As Arbitrum has more than double the amount
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Wednesday night, eligible players who claimed a Sewer Pass in January were invited to participate in “The Summoning,” a process in which users could burn their Sewer Pass token in order to mint an NFT in the new collection. Called HV-MTL (heavy metal), the 30,000 unit collection consists of “mechs,”
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