News

On-chain investigator ZachXBT has linked the Hyperliquid whale, a trader who profited $20 million through high-leverage crypto trades, to British online fraudster William Parker, who was previously arrested for stealing $1 million from casinos in Finland. The investigation raises concerns about the use of stolen funds in decentralized finance platforms and highlights the ongoing challenges in tracking illicit crypto transactions.

Peter Schiff, a vocal Bitcoin critic, warns that the strategic Bitcoin reserve is a tool to trick Americans into speculative losses, specifically targeting President Trump and the TRUMP meme coin as examples of misplaced hype. Schiff believes this reserve will lead to more Americans losing money in crypto than in any other speculative mania in history.

Luminar Technologies reported a strong fourth quarter, exceeding analyst expectations with revenue of $22.48 million and marking a significant increase over the previous year. The company's CEO, Austin Russell, highlighted the launch of the Volvo EX90, the first global production vehicle featuring Luminar's lidar technology, as a culmination of a decade's worth of work.

PulteGroup Inc. (PHM) stock rose on Thursday morning following a strong report on existing home sales and rising home prices. The company, which specializes in building single-family homes in key markets like Florida, Texas, and Georgia, stands to benefit directly from the tight housing inventory and rising demand for new construction.

Micron Technology Inc. (MU) surpassed analyst expectations in its second-quarter financial results, reporting revenue of $8.05 billion and adjusted earnings per share of $1.56, driven by strong demand and technology leadership. The company anticipates record revenue in the third quarter and expects to achieve record revenue and significantly improved profitability in fiscal 2025.