Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report

Tech  Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report  Strategy Inc. (NASDAQ:MSTR) reported a sharp earnings miss in the first quarter earnings report for 2026 after the market closed on Tuesday. The weak earnings were attributed to its Bitcoin losses, which were way beyond what analysts expected.  Strategy Announces Q1 Earnings Results  Strategy reported a loss per share of $38.25 on a diluted basis in the quarter ended March 2026 quarter. The figure was significantly worse than the Wall Street consensus estimate of a loss per share of 3.41.  The earnings miss was mainly caused by a huge unrealized loss on digital assets. Strategy announced that it had recorded a markdown of $14.46 billion on its Bitcoin holdings in the quarter, pushing the total net loss to $12.54 billion. The company had reported a much smaller net loss of $4.22 billion a year later.  The losses come as Bitcoin price plunged nearly 30% in the first quarter after the U.S.-Iran war weighed on the markets. However, the BTC price has since recovered well above the $81,000 level. This rebound has pushed Strategys BTC gains to $5.1 billion in the year-to-date timeframe.  Meanwhile, the quarterly revenue stood at 124.3 million, slightly under the expectation

05-06

Ethereum Withdrawals From Exchanges Just Hit An 8-Month Low: Find Out What Investors Are Waiting For

Ethereum is holding above $2,300 as the market builds toward what feels like a decisive move in either direction. The price is constructive but unresolved, and an Arab Chain report has just surfaced a shift in accumulation behavior that adds a layer of structural context to the current setup that the price chart alone does not capture.  The pace of Ethereum withdrawals from exchanges slowed significantly in April, reaching their lowest level since September 2024. Across all exchanges, approximately 19.8 million ETH was withdrawn during the month — a figure that looks substantial in isolation but represents a clear deceleration compared to the withdrawal pace recorded in previous months. Binance accounted for the largest share at approximately 7.09 million ETH, followed by OKX at 2.4 million, Coinbase Prime at 1.62 million, and Kraken at approximately 557,000 ETH.  The recovery has produced a sequence of higher lows since the February bottom, indicating improving short-term structure. However, price remains compressed beneath the 50-week and 100-week moving averages, both of which are flattening and acting as dynamic resistance in the $2,500–$2,800 range. Until Ethereum clears that cluster, the market remains in a transitional phase between recovery and continuation of the broader range.  The 200-week moving average,

05-06

Crypto’s Biggest Bill is Running Out of Time, Ripple CEO Explains Why

Ripple CEO Brad Garlinghouse has said the next two weeks could determine whether broad U.S. crypto legislation has a realistic path to becoming law before the political calendar becomes harder to manage.  Speaking at Consensus Miami, Garlinghouse the Senate Banking Committee needs to move forward with a markup soon. He warned that if the committee does not act in the coming weeks, the chances of passing a market structure bill could fall sharply.  The legislation, commonly tied to the CLARITY Act framework, aims to create federal rules for digital assets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.  US Senate Timeline Becomes Critical  The House passed its version of the crypto market structure bill last year, but the Senate process has moved more slowly. A bill must advance through both the Senate Agriculture Committee and the Senate Banking Committee before reaching the full Senate.  The Agriculture Committee has already moved its version forward. The Banking Committee has faced delays, including disagreements over stablecoin rewards, conflicts of interest, and illicit finance rules.  A between Sens. Angela Alsobrooks and Thom Tillis on stablecoin rewards could clear one major obstacle. However, Garlinghouse said time remains the main challenge as the November midterm

05-06

New Zealand’s Unemployment Rate falls to 5.3% in Q1 vs. 5.4% expected

New Zealands Unemployment Rate fell to 5.3% in the first quarter (Q1) of 2026 from 5.4% in the fourth quarter of 2025, according to the official data released by Statistics New Zealand on Wednesday. The figure came in below the market consensus of 5.4%.  Furthermore, New Zealands Employment Change arrived at 0.2% in Q1, down from 0.5% in Q4, compared with the consensus forecast of 0.3%. The participation rate in New Zealand decreased to 70.4% in Q1, compared to 70.5% in the previous reading.  Market reaction to the New Zealands employment data  At the time of writing, the NZD/USD pair is trading 0.32% higher on the day to trade at 0.5890.  Employment FAQs  Labor market conditions are a key element to assess the health of an economy and thus a key driver for currency valuation. High employment, or low unemployment, has positive implications for consumer spending and thus economic growth, boosting the value of the local currency. Moreover, a very tight labor market – a situation in which there is a shortage of workers to fill open positions – can also have implications on inflation levels and thus monetary policy as low labor supply and high demand leads to higher wages.  The pace at which salaries

05-06

Evernorth Adds Ripple CLO to Board Before Nasdaq Debut

Evernorth appointed four new directors as it advances its planned Nasdaq listing in the United States.Stuart Alderoty, Ripples Chief Legal Officer, joined the board to strengthen regulatory oversight.Robert Kaiden, CFO of the OpenAI Foundation, will support financial reporting and transparency.Ted Janus brings over three decades of institutional investing experience to guide treasury management.Derar Islim adds operational expertise from his leadership roles at Genesis Global Trading.  Evernorth advanced its U.S. listing plans after appointing four directors to its board. The company confirmed the additions as it progresses toward a Nasdaq listing. It also expanded its executive team and advanced its SEC registration process.  Evernorth Expands Board Ahead of Nasdaq  Evernorth confirmed it will appoint four directors after completing its merger with Armada Acquisition Corp. II. The company stated that the move supports its planned Nasdaq listing. It said the board expansion strengthens governance and operational oversight.  Stuart Alderoty, Chief Legal Officer at Ripple, will join the board. He previously held senior legal roles at CIT and HSBC North America. Evernorth said his regulatory experience will guide compliance efforts.  Robert Kaiden, Chief Financial Officer of the OpenAI Foundation, will also join the board. He earlier served as Twitters Chief Accounting Officer and worked as an audit partner

05-06

Kelp Blames LayerZero for $292 Million Hack, Plans Switch to Chainlink

Kelp says LayerZero approved the setup tied to a $292 million exploit, which LayerZero disputes.The protocol is redesigning its cross-chain system after the hack.A U.S. court fight over $71 million in frozen funds could shape DeFi recovery rules.  KelpDAO is blaming LayerZero for a $292 million exploit and plans to relaunch with a redesigned cross-chain system on Chainlink, the group announced on X on Tuesday.  “From the April 18 incident, it is clear that LayerZeros own infrastructure was exploited, resulting in $300M in losses across DeFi,” Kelp DAO wrote on X. “Independent reports from SEAL 911, Chainalysis, and other major leading security researchers all point to the same origin.”  In April, an attack drained about 116,500 rsETH—an Ethereum-based staking token—from a cross-chain bridge used by Kelp, a protocol that lets users stake Ethereum and move tokens between blockchains. The exploit has been linked to North Koreas Lazarus Group.  In a separate post on X, Kelp said LayerZero personnel approved the configuration tied to the exploit and did not warn that it posed a security risk. The setup, known as a 1-of-1 verifier, relies on a single entity to validate cross-chain transactions.  Kelp said the attack stemmed from a breach of LayerZero‘s infrastructure, where attackers compromised

05-06

Avalanche (AVAX) Price Prediction: AVAX Eyes $10.80 Breakout as Price Holds Key $9 Support Zone

Avalanche (AVAX) is holding firm above the key $9 support zone as improving price structure and network efficiency keep traders focused on a potential breakout towards $10.80.  AVAX price is starting to show signs of controlled recovery after weeks of weak price action. According to Brave New Coin, Avalanches current price is $9.27, up 0.54% in the last 24 hours, with a market cap of nearly $4.00 billion.  AVAX Price Finds Buyers Near the $9 Zone  AVAX price is showing a modest recovery after defending the lower end of its daily range. According to Brave New Coin, AVAX is trading around $9.27, up 0.54% over the past 24 hours, after rebounding from an intraday low near $9.05.  The move is not yet a major breakout, but it does show that buyers are still responding around the $9.00–$9.10 area. For now, this zone remains the first support to watch, while a stronger push above $9.50 would be needed to confirm improving short-term momentum.  AVAX and RSI Approach Breakout Structure  The technical setup shared by ShangoTrades shows AVAX price and RSI moving within similar tightening structures. Price is forming a compression pattern, while RSI is also pushing against its own descending resistance, which often appears before a momentum

05-06

Bitcoin Price Prediction: BTC Tests Breakout After 3-Month High

Bitcoin is pushing into a key resistance zone after its strongest daily close in three months.  However, BTC still needs a clean breakout above trendline resistance and RSI pressure to confirm stronger momentum.  Bitcoin RSI Keeps Breakout Unconfirmed  Bitcoin traded near $80,470 on the 1 day BTCUSDT perpetual chart shared by Elja. The chart shows BTC recovering from its February low, but price has not confirmed a breakout above the rising resistance line.  BTC moved from the lower $60,000 area toward the $80,000 zone during the recent recovery. However, the latest candle sits near the trendline, where Bitcoin still needs a clean daily close above resistance.  Bitcoin RSI Resistance Chart. Source:  The RSI also shows pressure near the upper resistance zone. It stood around 66.91, while the red resistance area sits near the 70 level. That means momentum has improved, but it has not entered a clear breakout phase yet.  Elja said Bitcoin is still struggling against RSI resistance. The chart supports that view because the RSI has tested the same upper zone several times without a strong move above it.  This setup matters because price and RSI are both near key resistance areas. If Bitcoin breaks above the trendline while RSI moves above the red zone, buyers

05-06

Strategy Misses Wall Street Estimates By Huge Margin In Q1 Earnings Report

Strategy Inc. (NASDAQ:MSTR) reported a sharp earnings miss in the first quarter earnings report for 2026 after the market closed on Tuesday. The weak earnings were attributed to its Bitcoin losses, which were way beyond what analysts expected.  Strategy Announces Q1 Earnings Results  Strategy reported a loss per share of $38.25 on a diluted basis in the quarter ended March 2026 quarter. The figure was significantly worse than the Wall Street consensus estimate of a loss per share of 3.41.  The earnings miss was mainly caused by a huge unrealized loss on digital assets. Strategy announced that it had recorded a markdown of $14.46 billion on its Bitcoin holdings in the quarter, pushing the total net loss to $12.54 billion. The company had reported a much smaller net loss of $4.22 billion a year later.  The losses come as Bitcoin price plunged nearly 30% in the first quarter after the U.S.-Iran war weighed on the markets. However, the BTC price has since recovered well above the $81,000 level. This rebound has pushed Strategys BTC gains to $5.1 billion in the year-to-date timeframe.  Meanwhile, the quarterly revenue stood at 124.3 million, slightly under the expectation at 124.6 million but generally within the range. This is a

05-06

Ethereum Price Prediction: ETH Tests $2,375 as $2,646 Target

Ethereum is testing major resistance near $2,375 after reaching the top of its short term channel. A clean breakout could shift attention toward $2,550 and $2,646, while rejection may send ETH back to lower support zones.  Ethereum Tests Major Channel Resistance Near $2,375  Ethereum has reached the upper boundary of its 4 hour descending channel, according to the chart shared by Ali Charts. The chart marks $2,375 as the main resistance area, while nearby levels at $2,367 and $2,330 show the short term decision zone.  Ethereum Channel Resistance Chart. Source:  This resistance matters because Ethereum faced rejection from the same channel top in previous moves. Each failed attempt pushed ETH back toward lower channel levels, showing that sellers have defended this area more than once.  If Ethereum fails to clear $2,375, the chart points to a possible retracement toward the lower boundary of the channel. Ali Charts marked that lower area near $2,210, with intermediate levels around $2,290 and $2,250.  However, a daily close above $2,375 would change the short term setup. Ali Charts said that move could trigger a 7% bullish breakout, with the next structural target near $2,550.  For now, Ethereum remains at a key resistance zone. The next signal depends on whether ETH confirms

05-06
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