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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
08/05/2026 02:53 PM Palantir (PLTR) Stock Surges as Analysts Turn More Bullish
TLDR Palantir stock surged nearly 30% after the company reported stronger-than-expected quarterly earnings and revenue. Quarterly revenue rose 93% year over year to $1.94 billion, beating Wall Street’s forecast of about $1.80 billion. Adjusted earnings reached $0.41 per share, compared with analysts’ estimate of $0.35 per share. U.S. commercial revenue climbed 149% to $764 million, [...]
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08/05/2026 02:29 PM Uber (UBER) Stock Falls as Revenue Misses Estimates
TLDR Uber stock fell 2.9% after quarterly revenue missed Wall Street estimates. Earnings reached $0.81 per share, beating forecasts by one cent. Adjusted EBITDA rose 33% year over year to $2.8 billion. Operating cash flow increased 12% to $2.9 billion. Trailing 12-month free cash flow exceeded $10 billion for the first time. Uber (UBER) stock [...]
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08/05/2026 02:11 PM Walt Disney Co. (DIS) Stock Rebounds After Earnings—Is Disney Still Undervalued?
TLDR DIS stock rebounded after Disney’s adjusted earnings beat analyst forecasts, despite a slight revenue miss. Disney’s revenue increased 7%, while segment operating income rose 21% and free cash flow climbed 63%. Domestic park attendance grew 3%, and guest spending increased 4% during the quarter. Disney’s streaming operating income more than doubled to $712 million [...]
The post Walt Disney Co. (DIS) Stock Rebounds After Earnings—Is Disney Still Undervalued? appeared first on Blockonomi.
08/05/2026 01:53 PM SanDisk (SNDK) Stock Faces a Major Test After Earnings
TLDR SanDisk stock faces a major test as revenue and earnings estimates exceed the company’s original guidance. Visible Alpha expects fiscal fourth-quarter revenue of $8.71 billion and adjusted EPS of $35.45. Data-centre revenue rose 233% sequentially to $1.47 billion in the previous quarter. Investors will focus on NAND prices, enterprise SSD demand, gross margins, and [...]
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08/05/2026 01:39 PM Binance Sues RedotPay Founders for $470 Million
TLDR Binance is seeking about $472.8 million from three RedotPay co-founders. The exchange claims RedotPay diverted more than 470,000 Binance users to its card service. Binance alleges around $304 million moved from Binance Pay into RedotPay’s ecosystem. The dispute centers on an alleged breach of a partnership agreement signed in March 2025. RedotPay rejected the [...]
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08/05/2026 12:35 PM Silicon Motion (SIMO) Stock Rallies on PCIe Gen6 Controller Launch for AI Infrastructure
Silicon Motion (SIMO) stock surges after launching PCIe Gen6 SSD controllers for AI factories, delivering 28 GB/s speeds and 512TB+ capacity support.
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08/05/2026 12:22 PM Russia’s Crypto Regulations Face Public Skepticism as 69% See No Personal Benefit
Russia's new crypto regulations establish legal trading, yet 69% of citizens see no personal benefit. Limited awareness and domestic payment bans hinder adoption.
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08/05/2026 12:00 PM Japan Launches Dedicated FSA Crypto Division to Strengthen Digital Asset Regulation
Japan's FSA creates standalone crypto division to oversee exchanges, stablecoins, and digital payments with enhanced enforcement and upcoming tax reforms.
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08/05/2026 11:47 AM Polymarket Reportedly Seeks $1 Billion Funding at $20 Billion Valuation
TLDR Polymarket is reportedly in early talks to raise $1 billion at a valuation above $20 billion. The company’s last confirmed round in April valued it near $15 billion, with backers including D.E. Shaw and G Squared. Rival Kalshi already holds a $22 billion valuation after its own $1 billion raise in May. Combined prediction [...]
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08/05/2026 11:44 AM XRP (XRP) Price: Tests $1.06 Support as Open Interest Drops to Six-Month Low
TLDR XRP trades near $1.07, holding just above key support at $1.05 to $1.06. Open interest fell to a six-month low near $2.25 billion as leveraged positions unwind. CryptoQuant data shows balanced liquidations and neutral funding, pointing to a positioning reset rather than a forced sell-off. U.S. spot XRP ETFs logged four straight days of [...]
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