What’s Happening in the Philippines, Local News and Philippine People
TLDRs; Nintendo stock drops sharply after Switch 2 price hikes spark investor concerns about demand strength. Higher console pricing pushes Nintendo closer to premium rivals, raising market competitiveness worries. Weak software pipeline outlook adds pressure on investor sentiment ahead of
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TLDR Digital Asset Holdings is raising approximately $300 million at a valuation of about $2 billion, led by a16z crypto. The funding round follows a $135 million raise in June 2025 and a $50 million raise in December 2025. Canton
MoreTLDRs; CoreWeave dropped 11% amid an AI selloff despite a positive long-term outlook for infrastructure demand. Cathie Wood’s ARK Invest acquired $12.9 million worth of CoreWeave shares during the downturn. Wells Fargo increased its price target to $155 but highlighted
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TLDR Bank of England Governor Andrew Bailey states that establishing global stablecoin regulations will involve a “wrestle” with the U.S. administration. The stablecoin market has a valuation exceeding $317 billion, predominantly supported by U.S. dollars and Treasury bills. Bailey, who
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TLDR SUI surged 50% over the past week, climbing from $0.94 to approximately $1.41 Nasdaq-listed SUI Group Holdings staked more than 108 million SUI tokens, creating a supply constraint Mysten Labs announced upcoming zero-fee stablecoin transfers and private transactions on
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TLDR Solana has broken out of a year-long downward channel, with bullish investors eyeing targets of $100, $105, and $115 SOL has regained its 100-day Simple Moving Average (SMA) for the first time since October 2025 Solana ETFs recorded $56.6
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(SeaPRwire) – Discussions around Ethereum price predictions are gaining momentum as ETH makes efforts to climb back toward the $3,000 level. The market hasn’t fully reached that point yet, but conditions appear to be improving. Recent forecasts indicate that
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(SeaPRwire) – A presale nearing its launch can quickly reshape the conversation around the best altcoin to buy for the next bull run. BlockchainFX ($BFX) is gaining attention due to its strong performance: it has raised over $14.58 million,
MoreTLDR Last week, the S&P 500 and Nasdaq closed at record highs, with tech and AI stocks leading the charge April’s CPI data drops Tuesday and retail sales figures arrive Thursday—both critical for shaping interest rate expectations Cisco reports earnings
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TLDR The S&P 500 and Nasdaq ended last week at all-time highs, propelled by semiconductor and artificial intelligence equities April consumer price index data is set for release Tuesday; energy costs will draw close attention following a surge of over
MoreTLDR Vertiv reported Q1 2026 revenue of $2.65 billion, up 30.1% year-over-year, beating estimates Adjusted EPS came in at $1.17, crushing the $1.00 consensus by $0.17 VRT stock is up 115% year-to-date, opening at $340.02 and near its 52-week high
MoreTLDR Nebius Group announced a $643 million acquisition of Eigen AI, adding inference and optimization tech to its platform. Nvidia is committing a $2 billion investment into Nebius as it shifts toward a Platform as a Service model. Nebius has
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TLDR The Pentagon released thousands of pages of UAP (UFO) files under President Trump’s direction Reports include an aircraft making 90-degree turns at 80 mph and a pilot’s weapons being paralyzed near a UAP Technologies described could interest investors in
MoreTLDR Cantor Fitzgerald reaffirmed its Overweight rating on NOW, setting a $122 price target, following its attendance at ServiceNow’s analyst day and Knowledge event in Las Vegas ServiceNow established a long-term objective to achieve over $30 billion in subscription revenue
MoreTLDR Planet Labs stock jumped 10.78% after its German subsidiary won a two-year ESA-backed contract to supply satellite imagery to Greece The contract is worth a seven-figure sum and boosts the company’s near-term revenue outlook Heavy call buying and rising
MoreTLDR Penguin Solutions (PENG) surged approximately 13.47% following an announcement of a new partnership with AMD and Shell to enhance AI data center performance. The company increased its fiscal 2026 revenue growth forecast from 6% to 12%, primarily due to
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Summary TeraWulf recorded a net loss of $427 million for the first quarter of 2026, compared to a $61.4 million loss during the same period last year. Revenue from high-performance computing (HPC) leases surged 117% quarter-over-quarter to $21 million, accounting
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TLDR Revolut briefly listed Bitcoin at $0.02, while major exchanges reported BTC around $79,000–$80,000. The glitch lasted only minutes, occurring between 7:45 and 7:50 GMT+1 on Thursday morning. Revolut attributed the error to a disruption from a third-party data provider.
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TLDR Bitcoin’s capped supply of 21 million BTC, along with the 2024 halving, continues to reduce new coin issuance. Analysts project a base case price of $180,000 for BTC by 2029, with an optimistic scenario reaching near $350,000. Spot Bitcoin
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(SeaPRwire) – The crypto update traders have been anticipating has arrived. Spot Bitcoin ETFs reported nine consecutive days of net inflows, totaling $2.7 billion, with BlackRock’s IBIT alone capturing $335 million on May 4, according to Investing.com. Exchange reserves
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