What’s Happening in the Philippines, Local News and Philippine People
(SeaPRwire) – The cryptocurrency market is experiencing a dynamic interplay between established trends and innovative, utility-driven projects. Sui continues to be a focal point for traders observing its Layer-1 structure and its ability to adapt to fluctuating demand, as
MoreTLDR SoftBank stock gains as OpenAI-backed loan target drops to $6B SoftBank trims OpenAI margin loan plan after lender pushback SFTBY rises as OpenAI valuation concerns shrink loan target SoftBank’s AI funding plan faces limits as loan size falls OpenAI-backed
MoreTLDR Innodata surged 92% to $87.74 on heavy trading volume, fueled by growing demand for AI data services. Rocket Lab climbed 23% to $97.00, marking a 283% increase over the past year. IREN and Qualcomm also advanced, rising 8% each
MoreTLDR Cloudflare (NET) shares plunge 24.31% as AI-driven layoffs dampen investor sentiment. Despite surpassing Q1 estimates, the company’s 20% workforce reduction weighs on NET stock. NET declines after Cloudflare ties 1,100 job cuts to an AI-focused restructuring effort. Although Cloudflare
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TLDR TeraWulf reported a Q1 loss of $1.01 per share, significantly exceeding the 20-cent loss analysts had anticipated. AI lease revenue reached $21 million, surpassing Wall Street’s forecast of $18.6 million. Total Q1 revenue stood at $34 million, nearly unchanged
MoreTLDR Akamai surges 27% following the announcement of a $1.8 billion, seven-year AI cloud contract Cloudflare retreats 16% after revealing plans to cut at least 20% of its workforce, citing the adoption of AI tools Trade Desk slides 15% due
MoreTLDR Archer Aviation will report Q1 2026 earnings on Monday, May 11, after market close. Wall Street anticipates a net loss of $0.25 to $0.30 per share on revenue of approximately $1.54 million. The UAE’s GCAA has advanced Archer’s Midnight
MoreTLDR Rigetti Computing will report its Q1 2026 results on May 11, after the market closes. Options traders anticipate a 17.56% price movement in either direction following the earnings announcement. Wall Street forecasts a loss of $0.04 per share on
MoreTLDR Datadog achieved its first billion-dollar quarter in Q1 2026, with revenue increasing by over 32%, surpassing estimates by more than 500 basis points. DDOG stock rose approximately 30% in premarket trading after the earnings announcement on May 7, 2026.
MoreTLDR Hyperliquid Strategies maintains a $103 million cash reserve for upcoming treasury investments Staking revenue increases, yet Hyperliquid Strategies reports a $165.4 million net loss Gains in the HYPE token boost quarterly profits despite a substantial nine-month net loss Hyperliquid
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TLDR CoinShares surveyed 26 institutional investors managing a combined $1.3 trillion in assets. Digital asset allocations remain modest at around 1%, despite improved crypto sentiment. Approximately 32% of surveyed fund managers already hold Bitcoin, while 25% hold Ether. Crypto investment
MoreTLDR CoreWeave Q1 revenue reached $2.08 billion, up 112% year-over-year, surpassing estimates of $1.97 billion Q2 revenue guidance of $2.45B–$2.60B trailed Wall Street’s $2.69 billion consensus Net loss expanded to $740 million from $315 million a year ago Revenue backlog
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(SeaPRwire) – Solana’s price is back on watch as futures open interest sits around the $5 billion range, bringing leverage and trader positioning back into the SOL conversation. Solana has also been trading near the mid-$80s, with recent market
MoreTLDR Bison Bank launched the Bison Bank Electronic Money Token. EUB is referenced to the euro and USB is referenced to the U.S. dollar. The tokens are designed for international payments and transfers. The launch follows the EU’s MiCA crypto-asset
MoreTLDR Coinbase reported a net loss of $394.1 million for the first quarter of 2026. Revenue declined to $1.41 billion, falling short of the $1.52 billion analysts had forecast. Consumer transaction revenue decreased to $567 million. Spot trading volume on
MoreTLDR 21Shares has introduced the Canton Network ETF under the ticker TCAN on Nasdaq. TCAN is the first U.S. exchange-traded fund offering direct exposure to Canton Coin. The Canton Network was created by Digital Asset and launched in 2023. The
MoreTLDR AMD posted $10.3 billion in Q1 2026 revenue, with the data center segment now its key growth driver AMD’s 2025 full-year revenue set a record at $34.6 billion, with data center sales accounting for $16.6 billion Qualcomm announced $10.6
MoreTLDR Nvidia’s stock increased by more than 2% on Thursday following reports that CEO Jensen Huang will accompany Trump on his China visit Trump is set to meet with Chinese President Xi Jinping in Beijing on May 14 and 15
MoreTLDR ARK Invest purchased approximately 255,804 shares of Shopify valued at $32.6 million on May 5, 2026, following robust Q1 earnings results. Shopify generated $3.17 billion in revenue during Q1, marking a 34.3% increase compared to the same period last
MoreTLDR AMPX shares plunged 27% in after-hours activity after reporting Q1 2026 results, even though revenue exceeded projections. Revenue reached $28.5 million, a 153% increase year-over-year, surpassing the $25.32 million consensus estimate. The company reported a loss per share of
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