Latest Crypto News & Market Updates

Lululemon Stock Crashed 80%, and Founders are Now Divorcing

Lululemon Athletica (LULU) closed Friday at $100.61, down 17.38% in a single session. That is about 80% below the $511.29 peak it hit in December 2023. Its founder is now in divorce court.　　The Nasdaq-listed sportswear retailer has cut its sales forecast three times this year. Days after the latest cut, reports confirmed founder Chip Wilson is divorcing without a prenuptial agreement.　　Sponsored　　Sponsored　　Lululemon Athletica (LULU) Stock Performance. Source: Yahoo FinanceA Third Guidance Cut Pushed Lululemon to an 8-Year Low　　Guidance is a companys own forecast of what it expects to sell. Lululemon has lowered its 2026 forecast from $11.35 billion in March to $10.35 billion now.　　Second-quarter revenue fell 4% to $2.4 billion. Comparable sales, a measure that counts only stores open for at least a year, dropped 9%.　　Profit looked healthier than the business. Earnings of $2.92 a share included a one-off $134.5 million refund on import tariffs.　　BeInCrypto reported the stocks drop to eight-year lows on September 4. Shares have not recovered, and the company expects third-quarter sales to fall another 10% to 11%.　　Sponsored　　Sponsored　　Why the Founders Divorce Matters to Shareholders　　Wilson and his wife, Shannon “Summer” Wilson, opened a family case in the Supreme Court of British Columbia in April. There is no prenuptial agreement.　　Billionaire

09-08Industry

DBS, Citi Complete Weekend Tokenized Deposit Payment

DBS and Citi have completed the first weekend cross-border USD payment between Singapore and the United States, the banks said in a joint announcement on Sept. 7. The transaction, executed by DBS and Citis New York office on Sept. 5, settled in minutes using tokenised deposits on the Swift Digital Ledger, rather than the up to two business days that cross-border payments typically take.　　“In a global digital economy that never sleeps, businesses need to move money more quickly and efficiently across borders to stay competitive,” said Rachel Chew, DBS group chief operating officer and co-head of digital assets for global transaction services.　　How the weekend payment worked　　The banks moved a live USD payment between Singapore and New York over a weekend, when traditional correspondent banking rails are closed. The payment was recorded on Swifts blockchain-based digital ledger using tokenised deposits, which represent claims on bank money that can be transferred around the clock.　　The settlement expands an effort that has already seen Citi complete live transactions on the network. DBS said the capability removes time-zone and weekend gaps for companies in e-commerce and digital services, letting corporate treasurers move liquidity between entities at a moments notice.　　Why banks are racing to tokenise deposits　　The

09-08Industry

The Canadian Dollar gains as Oil rally offsets jobs gloom

The Loonie gains some traction versus the Greenback, while the latter posts modest losses, as US and Canadian financial markets remain closed in observance of Labour Day. Nevertheless, the USD/CAD edges lower by some 0.15%, trading at 1.3813 at the time of writing.　　USD/CAD slips as Oil strength offsets soft Canadian jobs.　　Last week, employment data in Canada revealed that the economy lost 41.7K workers, while the Unemployment Rate remained steady at 6.4%. This pushed USD/CAD higher as US Nonfarm Payrolls crushed estimates, with Julys print providing a leg-up that has so far been faded.　　Last week‘s unexpectedly strong Nonfarm Payrolls report for August confirmed Fed Chair Kevin Warsh’s statement that the jobs market is “consistent with full employment.”　　Geopolitics are poised to continue to drive price action. The escalation of the US-Iran war increased upward pressure on energy prices, which typically correlate positively with the Canadian Dollar, suggesting further downside for the USD/CAD pair.　　USD/CAD to be influenced by interest rate differentials　　Given the backdrop, the Federal Reserve is expected to raise rates by 25 basis points, according to Prime Terminal data. Odds are at 63% to hike to 3.75% – 4$, while for holding rates, stand near 37%.　　Discover more　　Astrology & Divination　　financial　　Currencies & Foreign Exchange　　Regarding

09-08Industry

South Korean Won: Authorities signal pause in KRW strength – ING

ING‘s Chris Turner reports that USD/KRW rebounded from 1335 after news that Korea’s National Pension Service may halt or reverse its forward-market Dollar selling. Authorities appear comfortable with recent Won gains after a 15% USD/KRW drop since June. ING favours consolidation in both USD/KRW and USD/JPY, seeing reduced Dollar selling in these pairs supporting the broader Dollar tone.　　Won rally seen due for consolidation　　“USD/KRW bounced off the lows today at 1335 after news emerged that Koreas National Pension Service could be halting, if not reversing, its USD/KRW sales in the forward market.”　　“Remember, changes to NPS FX hedging were one of the measures introduced in June to help support the beleaguered won.”　　“Todays news suggests Korean authorities feel that the won has come far enough for the time being.”　　“And certainly the 15% drop in USD/KRW since June has been impressive and matches a similar move seen in 2022.”　　“We tend to favour some consolidation both in USD/JPY and USD/KRW for the time being. And the easing of dollar selling pressure in these two big FX pairs can allow the dollar to find support more broadly.”

09-08Industry

Tuesday tells the Japanese Yen more than next week will

USD/JPY trades just above 154.00 after giving up 1.22% on a Monday with American desks shut. Everything the pair has left to argue about arrives inside ten days, and the first of it lands tonight. Japanese wage data at 23:30 GMT is the number the Bank of Japan (BoJ) has made the condition of everything else.　　Tonight is Tokyos own test　　Japanese labour cash earnings for July land at 23:30 GMT, seen at 3.9% YoY after 3.4%. The second estimate of Japanese Gross Domestic Product (GDP) follows at 23:50 GMT with growth seen at 0.4% on the quarter after 0.3% and the deflator at 2.6%, alongside a current account seen at ¥2.87 trillion after a ¥92.3 billion deficit.　　The wage figure is the one that counts, and the useful comparison sits on the same release. Nominal pay seen at 3.9% against a deflator seen at 2.6% is a real gain, which is precisely what the hawkish case has been short of. The country that could not manufacture wage growth for a generation is scheduled to report some at half past eleven tonight.　　What it cannot do is add to September. That hike is priced at close to 97% and there is no room above

09-08Industry

Hackers Return 85% of Stolen Bitcoin from Last Weeks Bridge Attack

The Liquid hackers returned 3,400 Bitcoin on Monday, most of the roughly 3,998 BTC they moved out of the network over the weekend. Close to 598 BTC stayed behind.　　Liquid is a Bitcoin sidechain built by Blockstream. Users lock Bitcoin on the main network and receive a matching token, L-BTC, that moves faster and more privately.　　Blockstream Patched the Bridge Before the Coins Moved　　The transfer followed a condition the attackers set themselves. They told Blockstream to fix the flaw first and make sure every node running the bridge had been updated.　　Sponsored　　Sponsored　　Moving Bitcoin out of the bridge normally takes sign-off from 11 of the 15 companies that run Liquid. The weekend transfer went to a brand new address instead.　　Blockstream responded within a Bitcoin transaction on Monday morning, signing the message so recipients could verify it came from the company. The bridge nodes were patched, it said, and the funds were safe to send back.　　The coins moved hours later. Bitcoins network recorded the transfer in block 965,950 at 19:09 UTC.　　Nearly 600 Bitcoin Is Still With the Liquid Hackers　　About 598.5 BTC remains in the attackers‘ address, worth roughly $47 million at Monday’s Bitcoin price near $79,100. Neither side has explained why.　　That silence is what bothers

09-08Industry

Strong jobs just triggered a hawkish UBS reversal that could pressure Bitcoin through December

UBS‘s new forecast of two Federal Reserve rate hikes this year extends Bitcoin’s potential macro headwind through December. The issue reaches beyond Septembers decision: investors may have to weigh the cost of holding a non-yielding asset against interest-bearing alternatives through the end of 2026.　　Reuters reported Sept. 7 that UBS Global Wealth Management now expects increases of 25 basis points, or a quarter of a percentage point, in both September and December. It had previously expected no policy change this year. UBS cited strong August labor data, hawkish Fed communication and inflation risks from supply bottlenecks.　　Markets are already moving toward that view. Futures price in a roughly 58% chance of a quarter-point hike at the Sept. 15–16 meeting, up from 52% before the jobs report.　　For Bitcoin, the risk is that higher rate expectations keep Treasury yields supported, preserve the appeal of dollar assets and make investors less willing to take risk.　　Strong jobs give inflation more weight　　The Bureau of Labor Statistics reported that employers added 162,000 jobs in August and unemployment held at 4.1%. Hiring exceeded the average monthly gain of 31,000 over the preceding 12 months.　　But the strength was uneven. Food services and drinking places added 59,000 jobs, while local government

09-08Industry

Cathie Wood Sees Bitcoin Price Breakthrough as Gold Link Strengthens

Key TakeawaysBitcoins 90-day gold correlation rose to 0.57 as Nasdaq-100 correlation fell to 0.22.Cathie Wood says the shift supports bitcoins case as a maturing monetary asset, not just a tech trade.A break above $83,000 could confirm the shift; failure may revive pullback risk.　　Bitcoin-Gold Correlation Climbs as Treasury Sensitivity Weakens　　Bitcoin‘s price is behaving less like the Nasdaq and more like gold, a shift that could have major implications for how investors value the world’s largest cryptocurrency.　　Glassnode data shows bitcoins 90-day correlation with gold has climbed to about 0.57, from 0.21 in March. Over the same period, its correlation with the Nasdaq-100 fell to 0.22 from 0.57. Other market estimates put the bitcoin-gold correlation around 0.59, its highest since 2020.　　Source: Glassnode　　Yet the more important divergence may be happening elsewhere. Gold‘s correlation with the U.S. 10-year Treasury yield stands near -0.41, while bitcoin’s is roughly -0.17, suggesting BTC has recently been less sensitive to rising borrowing costs.　　For investors, that combination is unusual: bitcoin is increasingly joining the hard-asset trade without moving in lockstep with the same macro pressures weighing on gold.　　Cathie Wood Sees a Breakthrough Against Gold　　ARK Invest founder Cathie Wood highlighted bitcoins recent strength relative to gold, while stopping short of declaring

09-08Industry

Transocean is reporting excellent results, new contracts, while its debt is falling

Transocean (RIG), the absolute leader in offshore drilling, is reporting significant results improvements; its balance sheet is improving substantially, while its Valaris (VAL) deal is about to be approved by Brazils authorities. But let me dig into more details.　　Transoceans earnings results　　On 5 August, Transocean reported its earnings results.　　During the press conference, the management said the following about Transoceans performance: “The Transocean team again delivered exceptional operational performance in the second quarter, beating our guidance on both revenue and costs and generating a solid adjusted EBITDA margin of 32%.” (President, CEO & Director Keelan Adamson)　　Here are a few highlights from the second-quarter 2026 results:Contract drilling revenues totaled $966 million, while revenue efficiency was 97.0%.Net income totaled $170 million or $0.04 per diluted share.Adjusted EBITDA totaled $312 million, constituting a margin of 32.2%.Net cash provided by operating activities totaled $236 million, while free cash flow was $212 million.Total liquidity exceeded $1.3 billion, including the undrawn revolving credit facility.The contract backlog increased by $292 million, while Transoceans average day rate was approximately $461,000.　　The most important points of the 2Q26 results, in my view, were the net income figure of $170 million, high total liquidity, and strong positive cash flows.　　Discover more　　financial　　Open Trading Account　　FINANCE　　Source: Transocean　　Both

09-08Industry

Liquid Gets 3,400 BTC Back After On-Chain Talks; White Hats Keep 598.5 BTC

The “White hat” party that withdrew nearly 4,000 bitcoin from the Liquid Network federation wallet on Sunday returned 3,400 BTC to the wallet on Monday. About 598 BTC, or 15% of the consolidated pile, stayed at the same holder address as an implied bounty fee worth 48 million dollars.　　The return transaction (bc49a46d), confirmed at 16:09 UTC on September 7. It returned exactly 3,400 BTC to the labeled Liquid peg script address and sent the 598.5 BTC change back to the “White hat” hacker address as change.　　The transfer followed a day of messages written into Bitcoin blocks. The White hats first published transaction on chain with a message in the OP_RETURN arbitrary data field “contact us on chain”; the message came from the address holding the 4000 BTC taken from the Liquid Network.　　A Blockstream-linked address answered with “Please contact [email protected]”. Later notes from that sender carried Electrum-encrypted payloads and PGP signatures that can be verified against Blockstreams published security key.　　In block 965869, the White hats asked in the clear text whether sending “most” back to the federation script was acceptable. The 1,000-sat output on that transaction was only a message carrier.　　Soon after, the White hats wrote “Please fix the bug

09-08Industry

...

221223

...

1000