Canaan's stock dropped 7% on Tuesday. It now sits at just $0.56 per share. This comes despite the company reporting its strongest quarterly results in three years. To avoid being delisted from the Nasdaq, Canaan needs to get its share price back above $1 by July. Time is running out for a recovery.
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Bitcoin ETFs saw major withdrawals this week. Investors pulled out nearly $700 million. This happened as Bitcoin's price briefly hit $60,000. The drop has critics again questioning "paper Bitcoin." They argue it doesn't reflect the asset's true scarcity. Total ETF assets are still close to $80 billion.
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Vibes dropped last September. It's for making and sharing short AI videos. You can also scroll a special feed. See cool clips created by others. All powered by artificial intelligence.
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