In brief

$117,532.00
-0.71%$3,721.95
0.55%$3.14
-0.15%$784.40
1.79%$186.60
2.23%$0.999904
0.00%$0.236417
2.07%$3,715.50
0.43%$0.317055
0.92%$0.815236
1.38%$117,388.00
-0.74%$44.06
4.76%$4,493.93
0.44%$3.95
6.32%$0.430549
1.75%$18.27
2.23%$3,999.77
0.52%$556.39
8.81%$0.257444
7.87%$3,985.86
0.40%$23.99
1.51%$113.61
1.38%$8.98
0.08%$3,721.60
0.38%$0.00001403
3.53%$3.19
2.46%$0.999819
-0.01%$1.001
-0.05%$0.999353
-0.08%$44.12
-0.25%$10.42
3.14%$4.08
2.28%$117,566.00
-0.66%$321.81
-1.61%$0.00001253
1.50%$4.56
-1.32%$293.92
2.70%$0.132263
4.52%$1.19
-0.03%$426.69
2.75%$0.602675
28.30%$2.85
5.86%$22.68
1.82%$0.442126
-0.83%$1.036
2.19%$4.75
3.00%$5.61
2.34%$227.51
2.50%$48.06
-0.36%$0.00003539
7.34%$0.100296
2.19%$0.768489
2.70%$0.0387962
3.49%$1.00
0.00%$0.26623
2.03%$0.442674
3.04%$3,717.42
0.33%$0.02569767
3.95%$1.001
0.02%$4.22
4.24%$4.70
1.66%$0.233422
2.02%$17.56
-0.14%$1.16
2.45%$10.11
1.47%$0.092368
9.57%$4.54
0.94%$0.331371
3.97%$0.739395
2.28%$198.87
2.43%$2.65
2.48%$1.94
10.84%$120.59
0.74%$4,240.66
0.36%$117,408.00
-0.67%$3,903.09
0.42%$0.551962
2.33%$1.06
0.01%$5.47
7.08%$5.09
0.96%$0.02241197
-2.16%$12.03
-0.54%$0.999623
-0.01%$1.034
9.16%$0.086759
2.72%$3,916.35
0.48%$1.94
6.37%$3,982.66
0.51%$1.37
3.72%$13.98
3.49%$1.001
0.03%$0.998496
-0.06%$4,022.17
0.39%$1.31
-0.31%$0.808229
4.19%$0.71955
4.15%$0.00012959
4.77%$3,920.01
0.51%$1.00
-0.03%$117,235.00
-0.82%$210.06
2.44%$0.33405
2.24%$1.072
4.19%$0.563887
3.03%$0.104827
2.24%$783.87
1.71%$1.56
2.11%$0.998416
-0.12%$1.096
2.29%$0.00273975
3.42%$0.186767
8.07%$0.163669
0.75%$2.77
4.65%$3,712.96
0.38%$28.50
1.99%$3,349.30
-0.81%$0.890143
2.23%$117,438.00
-0.77%$244.79
2.18%$0.352497
-2.39%$119,137.00
-5.26%$1.11
-0.01%$0.575665
0.59%$1.00
0.06%$0.882949
2.79%$0.01726434
2.84%$3,334.54
-1.05%$0.20689
3.40%$3.01
-0.66%$3,726.76
0.57%$0.01757291
2.03%$3,982.10
0.38%$3,877.15
-0.59%$0.890697
0.33%$0.304063
2.94%$4.48
4.95%$0.128952
4.56%$8.95
-16.78%$1.98
0.44%$111.94
0.02%$0.567451
17.88%$1.094
-0.03%$0.998836
0.03%$0.00000068
-0.09%$117,190.00
-0.86%$40.74
1.99%$0.999567
-0.02%$0.412501
2.14%$0.389759
2.61%$3,725.63
0.70%$3.40
1.42%$1.94
2.11%$0.448856
3.44%$0.317155
2.51%$0.236064
1.83%$0.00873567
-0.13%$0.00000151
4.40%$0.997694
0.01%$3,956.21
0.90%$0.999971
0.00%$0.574935
-0.14%$28.77
3.10%$117,493.00
-0.70%$0.555397
-0.66%$116,552.00
-2.26%$0.05612
3.88%$3,723.58
0.43%$0.00586286
-2.30%$4,108.78
0.55%$1.00
-0.02%$0.01556478
1.23%$0.073965
-0.22%$0.655364
1.98%$1.48
2.30%$0.00863975
0.29%$44.07
4.79%$7.69
6.75%$0.999067
0.02%$1.17
4.81%$4,042.71
1.01%$0.409018
1.73%$0.634801
2.88%$0.13255
5.48%$16.36
1.93%$6.55
0.27%$1.16
-0.04%$0.184269
3.97%$0.00000046
-0.25%$48.71
1.87%$4,505.64
0.69%$1.004
3.43%$0.00002266
2.44%$3,708.93
0.26%$0.436272
8.72%$0.399905
-0.28%$2.60
3.92%$1.36
5.06%$5.24
9.21%$3,725.57
0.56%$7.35
1.44%$10.76
0.01%$0.00813608
1.73%$0.04226843
2.52%$1.094
0.00%$0.056127
2.99%$0.997149
-0.24%$43.76
4.54%$13.66
0.76%$0.999902
0.01%$0.189182
-7.01%$0.084022
5.25%$0.999891
-0.00%$1.002
0.20%$0.279401
2.09%$204.65
2.33%$0.576003
0.07%$23.98
1.43%$145.54
1.02%$0.382945
5.91%$29.18
1.44%$1.36
0.82%$0.0193861
3.34%$0.142924
2.94%$0.55879
-0.30%$0.366913
23.27%$0.03704854
-0.03%$22.28
0.97%$0.00361111
-1.14%$0.0052257
5.32%$0.03391915
0.94%$0.00000085
7.19%$0.790689
0.78%$117,019.00
-0.46%$0.00006302
1.94%$117,508.00
-0.55%$0.849258
6.87%$0.744946
-2.15%$0.00394381
-4.33%$0.233068
1.89%$0.802695
1.29%$1.37
1.66%$0.999838
0.02%$0.00388463
-0.75%$3,897.09
0.10%$4,197.37
0.46%$0.00360154
5.39%$1.00
0.08%$0.086157
-1.34%Reading
This time last year, Canaan, which makes Bitcoin mining hardware, was basking in the afterglow of a successful $90 million IPO in the US. It became the first cryptocurrency company to be listed on the Nasdaq stock exchange.
This year has been quite a bit tougher for the integrated circuit manufacturer—despite Bitcoin's price gains. The price of its stock tumbled to $5.00, down over 13% from yesterday's close, after its third quarter earnings report.
Things were looking mostly bright for Canaan until March. That's when the Chinese company, which is based in the Cayman Islands, was hit by a class action lawsuit in the US. Stockholders accused it of security law violations. It's also when the COVID-19 pandemic swept the globe.
Between May 27 and November 13, Canaan's stock price didn't approach $3.00.
After a strong November and ahead of today's quarterly earnings report, hopes were high that the integrated circuit manufacturer was due for better days. That faded a bit as the company reported a 76% decline in year-over-year revenue and a loss for the quarter.
Canaan's Chief Financial Officer, Quanfu Hong, found a silver lining. After pointing out that the COVID-19 pandemic had depressed production capacity, he said, "However, the demand for mining machines in the market continued to rebound during the third quarter, and we have received a large number of pre-sale orders which are scheduled for delivery starting in the fourth quarter of 2020.”
During the third quarter of 2020, which ran from July 1 to September 30, Bitcoin went from a starting price of $9,225 to $10,791, an increase of 17%. So far during the fourth quarter it's been on a tear, hitting an all-time high today, November 30.
Canaan hopes that what's good for Bitcoin is good for its business.
Another day, another crypto treasury. Biotech firm Windtree Therapeutics said Thursday that it plans to buy up to $700 million worth of BNB to put on its balance sheet—one day after the asset hit a new all-time high price. The Warrington, Pennsylvania-based company, which trades on the Nasdaq under the ticker WINT, said that it is raising up to $520 million to fuel BNB purchases after previously announcing a plan to buy $200 million in the cryptocurrency. It also said it would partner with crypt...
A former digital assets executive at BlackRock, Joseph Chalom, has joined publicly traded Ethereum treasury company SharpLink Gaming as co-CEO, the firm announced on Friday. Chalom, who helped launch BlackRock’s Bitcoin and Ethereum ETFs, led the financial giant’s strategy on digital assets as the managing director and head of strategic ecosystem partnerships. “After 20 years at BlackRock and helping to lead its digital asset strategy, I’m beginning a new chapter: I’ve joined SharpLink Gaming a...
At Tron’s principal place of business in Winter Park, Florida, there are no apparent signs of Chinese crypto mogul Justin Sun or the $30 billion blockchain that he founded, such as placards, business cards, or even a sign. Instead, the publicly traded Tron—formerly known as SRM Entertainment—keeps a low profile at Regus, a communal office space in the affluent Orlando suburb, where the firm specialized in designing theme park merchandise and stuffed goods under its previous name. Two representat...