Crypto Black Friday

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Business

Investors Pull Record $1.73B From Crypto Funds as Rate Cut Hopes Fade

Digital asset investment products witnessed their largest weekly capital flight since late 2025, with Bitcoin and Ethereum bearing the brunt of a $1.73 billion exodus. The sell-off, concentrated in the U.S., underscores a sharp pivot in risk appetite amid shifting macroeconomic winds, though Solana and select regions bucked the trend with modest inflows.

Business

Russia's Crypto Mining Giant BitRiver Teeters on the Brink of Bankruptcy

BitRiver, the dominant force in Russia's Bitcoin mining sector, faces a severe financial and legal crisis as court-ordered monitoring of its parent company begins. The turmoil stems from a multi-million dollar contract dispute, regional mining bans, and mounting pressure from sanctions and tax evasion charges against its founder.

Business

Disney Q1 Earnings Beat Estimates Despite $110M YouTube TV Blackout Hit; Succession Decision Looms

The Walt Disney Company posted stronger-than-expected fiscal first-quarter results, with revenue climbing to $25.98 billion. However, a costly autumn carriage dispute with YouTube TV shaved $110 million from operating income, even as the company's Experiences division and streaming services showed robust growth. All eyes are now on the board's imminent decision on CEO Bob Iger's successor.