Cerebras stock plunges after earnings as CEO says margin outlook was misunderstood

Shares of Cerebras Systems dropped almost 20% on Wednesday, even after the company delivered better-than-expected first-quarter earnings on Tuesday. That’s because in its first earnings report since going public, the AI chipmaker forecast a narrower gross margin in its core business, guiding for a full-year margin of 38% to 41%, compared with the 47% reported…

Read More

Peter Schiff Questions Bitcoin ‘Cheap’ Narrative as Strategy Shares Tumble

Key Takeaways Peter Schiff argued bitcoin cannot be considered “cheap” because it lacks traditional valuation metrics such as earnings, yield, or book value. Schiff warned that steep declines in Strategy’s stock and preferred shares signal growing risks for bitcoin-linked investment vehicles. Bitcoin supporters counter that the asset should be valued as a scarce monetary network…

Read More

XRP Scarcity on Binance Drops to 3-Month Low as Supply Concerns Grow

Key Takeaways Cryptoquant data shows XRP exchange availability increased as scarcity metrics weakened. Investors are monitoring Binance liquidity as higher supply can pressure prices. Meanwhile, derivatives markets recorded $13.53 million in liquidations during volatility. XRP Availability on Binance Expands While Price Remains Under Pressure At 3:05 p.m. EDT on June 24, XRP is trading at…

Read More