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Blockonomi

Cryptocurrency News & Your Guide to the Blockchain Economy


11/12/2026 08:09 PM

Securitize Corp. (SECZ) Stock: Launches $100M Liquidity Facility With Ethena

TLDR SECZ shares fell 4.28% to $8.67 as Securitize unveiled a $100M BUIDL facility. Securitize and Ethena now offer round-the-clock swaps between BUIDL and USDC. The facility starts with $50M in liquidity, split equally between BUIDL and USDC. An additional $50M can replenish the facility within an hour as liquidity is used. The launch builds [...]

The post Securitize Corp. (SECZ) Stock: Launches $100M Liquidity Facility With Ethena appeared first on Blockonomi.


11/12/2026 07:55 PM

Winklevoss Twins-Led Gemini Sells UK, Europe Businesses for Under $10M: Report

TLDR: Gemini reportedly has sold its U.K. and European businesses to Singapore-based KAST for less than $10 million. The sale follows Gemini’s February plan to exit the UK, EU and Australia and shed 25% of its global workforce. Gemini’s second-quarter exchange revenue fell 38% to $12.5 million as services revenue rose 149% year on year. [...]

The post Winklevoss Twins-Led Gemini Sells UK, Europe Businesses for Under $10M: Report appeared first on Blockonomi.


11/12/2026 07:23 PM

SpaceX (SPCX) Stock: Plans $24 Billion Data Center as Texas Weighs New Rules

TLDR SpaceX plans a $24 billion data center and gas-fired power plant in South Texas Starbase will hold a Dec. 9 hearing on a proposed property tax break for SpaceX SpaceX would put up to $220 million toward local water and wastewater projects Brownsville’s 90-day pause on data center development took effect on Nov. 5 [...]

The post SpaceX (SPCX) Stock: Plans $24 Billion Data Center as Texas Weighs New Rules appeared first on Blockonomi.


11/12/2026 06:12 PM

Bernstein Stays Bullish on Oracle (ORCL) Stock With a $325 Price Target

TLDR Oracle started construction on its $4.5 billion global headquarters in Nashville. ORCL stock was down about 1% on Thursday, according to the report. Bernstein reaffirmed an Outperform rating and a $325 price target on Wednesday. The Street’s mean price target is about $243, over 85% above current levels. Bernstein sees positive free cash flow [...]

The post Bernstein Stays Bullish on Oracle (ORCL) Stock With a $325 Price Target appeared first on Blockonomi.


11/12/2026 06:04 PM

Tesla (TSLA) Stock Edges Up as Unplugged Offers to Take Over Cybertruck Line

TLDR Tesla stock rose 0.33% Thursday afternoon but is down 9.23% over the past year. Unplugged Performance pitched taking over Cybertruck production after Tesla said it will end the line. The plan has investors paying costs and Tesla collecting licensing fees. Lunar Energy, led by a former Tesla Energy chief, says its home battery rivals [...]

The post Tesla (TSLA) Stock Edges Up as Unplugged Offers to Take Over Cybertruck Line appeared first on Blockonomi.


11/12/2026 05:53 PM

Take-Two (TTWO) Stock Jumped 8% on Earnings. Where It Stands Before GTA VI

TLDR TTWO closed at $231.31 on Nov. 11, and the stock is down about 10% in 2026. Sensor Tower estimates GTA VI preorders at $1 billion, above GTA V’s first-day sales. Take-Two kept its fiscal 2027 bookings outlook at $8 billion to $8.2 billion. The stock trades at 26.6 times forward earnings, under its five-year [...]

The post Take-Two (TTWO) Stock Jumped 8% on Earnings. Where It Stands Before GTA VI appeared first on Blockonomi.


11/12/2026 05:47 PM

Jensen Huang Resigns as NVIDIA CEO, Colette Kress Named Interim Chief

TLDR: Jensen Huang resigned as NVIDIA President, CEO, and Board member, effective immediately on November 12. CFO Colette Kress will serve as Interim CEO while continuing as Executive Vice President and CFO. Harvey C. Jones, former Synopsys CEO, was appointed the first Chair of NVIDIA’s Board of Directors. NVIDIA will report third-quarter fiscal 2027 results [...]

The post Jensen Huang Resigns as NVIDIA CEO, Colette Kress Named Interim Chief appeared first on Blockonomi.


11/12/2026 05:41 PM

Super Micro (SMCI) Stock Falls 5% as DOJ Probe Eyes Alice Huang Links

TLDR Super Micro stock traded near $28.80, down about 5%, after a Bloomberg report on a DOJ probe. Investigators are checking whether entities tied to Alice Huang helped smuggle Super Micro products into China. Super Micro is not a defendant and says it is cooperating. Nvidia stock fell about 5% to $164.32 after Jensen Huang’s [...]

The post Super Micro (SMCI) Stock Falls 5% as DOJ Probe Eyes Alice Huang Links appeared first on Blockonomi.


11/12/2026 05:32 PM

Nvidia CEO Exit Shakes Chip Stocks, But Wall Street Indexes Turn Green

TLDR Nvidia fell as much as 14% on news that CEO Jensen Huang resigned, then cut its loss to about 4.5% to 5.7%. The Dow, S&P 500 and Nasdaq moved from early losses to small gains by late morning. Traders shifted money from Nvidia into other AI plays, and AMD rose while Intel and Micron [...]

The post Nvidia CEO Exit Shakes Chip Stocks, But Wall Street Indexes Turn Green appeared first on Blockonomi.


11/12/2026 05:25 PM

Is Qualcomm (QCOM) Stock a Buy After the SpaceX Starlink 5G Deal?

TLDR Qualcomm (QCOM) rose 1.6% in morning trading to $179.30. The Nasdaq fell 0.6% and the S&P 500 lost 0.3% over the same stretch. Qualcomm’s multi-year SpaceX deal covers Starlink Mobile’s planned 5G network. Analyst price targets run from $150 to $205. Revenue fell 8.4% year over year in fiscal Q4. Qualcomm (QCOM) stock rose [...]

The post Is Qualcomm (QCOM) Stock a Buy After the SpaceX Starlink 5G Deal? appeared first on Blockonomi.



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