A leading #defi platform is pivoting from its consumer app to a private backend infrastructure provider for major technology companies amid ongoing market pressure.
Annual revenue has dropped from $80M to $20M, while its OTC lending business has surged to $260M, with a $1B year-end target. The shift aims to build a more stable, profitable business by serving enterprises instead of retail users. This move could reshape the future of the #DEFİ industry if successful.
$SOL is ready to continue its bullish momentum from the current price of around $73.55?
Will #sol break above the recent resistance at $73.64 and move toward its next target, or is a rejection more likely from this level?
In your opinion, is this a good buying opportunity, or is it better to wait for confirmation before entering a trade? Experienced traders, share your technical analysis, key support and resistance levels, and your next price targets in the comments.
$SNDK stock staged a strong comeback after three consecutive losing sessions, surging 26% on Thursday. Earlier, the stock had fallen below the $1,000 support level to a low of $985, reflecting weakness across the broader semiconductor sector.
Investment firm Susquehanna maintained its Buy rating on SanDisk but revised its price target from $3,250 to $3,050 to reflect current market risks. Despite the adjustment, senior analyst Mehdi Hosseini remains optimistic about the company's long-term outlook.
On Friday, SNDK opened at $1,279. If the stock reaches the new target price, investors could see an upside of approximately 138%, making it an attractive long-term opportunity.
$BTC is showing mixed momentum as the global crypto market reacts to rising geopolitical tensions and ongoing regulatory uncertainty. Escalating tensions between the United States and Iran have pushed oil prices higher, creating bearish pressure across digital assets.
Meanwhile, delays in the approval of the U.S. Clarity Act have drawn concern from Senator Cynthia Lummis and the U.S. Treasury Secretary. On the financial side, Strategy reported an $8.2 billion second-quarter loss due to lower market prices, while Coinbase also experienced weaker revenue and a decline in its share price as trading volumes slowed.
Despite these short-term challenges, there is a positive long-term development: 28 global banks have successfully tested blockchain-based cross-border tokenized payments, highlighting continued institutional adoption of the technology. In the current market environment, traders should remain disciplined, prioritize risk management, and closely monitor market developments.