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Gumi reported a sharp Q1 profit rebound fueled by cryptocurrency gains, while mobile game revenue dropped significantly amid restructuring and a shift toward blockchain projects and third-party IP titles.
Crypto markets saw a welcome rally last week as cooling inflation data fueled hopes of a Fed rate cut. The positive sentiment was led by altcoins like Solana and Ethereum.
Quick Take The OG whale who recently swapped billions of dollars worth of BTC for ETH has resumed selling bitcoin, according to Lookonchain. Wallets linked to the whale deposited another 1,176 BTC ($136.2 million) to Hyperliquid over the weekend.
Quick Take Strive, Inc. will continue trading under the ticker ASST, and CEO Matt Cole will serve as chairman of the board. The company announced a $450 million at-the-market offering and a $500 million stock repurchase program.
Over the last week, the market managed to recover back to $116k amid anticipation of a Fed rate cut, but is now facing renewed sell pressure.
