APX Lending, a loan provider supporting cryptocurrency, has completed a $20 million financing round, with Cypress Hills participating. APX Lending offers loans with digital assets as collateral and plans to use the new funds to accelerate its expansion in Canada to meet the growing demand for cryptocurrency-backed loans.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
APX Lending Completes $20 Million Financing, Cypress Hills Joins
-
Wechat scan to share
Recommended for you
-
Sci-Tech Innovation 50 Index Turns Negative Again After Surging Over 2%
On July 7, the Sci-Tech Innovation 50 Index in the A-share market fell back into the red in the afternoon, having previously risen over 2%. -
FTSE China A50 Index Futures Plunge Over 1%
On July 7, FTSE China A50 Index futures plunged over 1%. -
BTC Falls Below $63,000
Market data shows that BTC has dropped below $63,000, currently priced at $62,972.46, with a 24-hour decline of 0.43%. The market is experiencing significant volatility, so please ensure proper risk management. -
TAO Falls Below $210
Market data shows that TAO has fallen below $210, currently priced at $209.9, with a 24-hour decline of 1.69%. The market is experiencing significant volatility, so please ensure proper risk management. -
ChiNext Index Falls Over 2%, More Than 4,800 Stocks Decline
On July 7, the major indices of A-shares weakened, with the ChiNext Index dropping over 2.00%. The Shanghai Composite Index fell by 1.53%, and the Shenzhen Component Index decreased by 1.92%. Sectors such as chemical fibers, precious metals, storage chips, and wind power equipment saw significant declines, with more than 4,800 stocks falling across the Shanghai, Shenzhen, and Beijing markets. -
Spot Gold Drops 1.00% During the Day
Spot gold has dropped 1.00% during the day, currently reported at $4122.52 per ounce. (Jin Shi) -
Samsung's Earnings Surge Leads to 10% Stock Drop: A Classic Case of 'Buy the Expectation, Sell the Fact'
On July 7, Samsung Electronics reported preliminary earnings that exceeded expectations, yet its stock price fell sharply, reaffirming the market's tendency to interpret strong earnings as a signal to sell. Investors often take profits when results are announced, as the market has already priced in the milestone good news. Data shows that since early 2019, Samsung has had 16 quarters of operating profit exceeding expectations before today's announcement, but in 10 of those instances, the stock price fell post-announcement. This pattern repeated on Tuesday—after revealing a 19-fold increase in quarterly profit, Samsung's stock plummeted nearly 10%. This phenomenon reflects typical market psychology: impressive earnings are viewed as an opportunity to reduce holdings rather than a reason to increase them. The optimism surrounding AI has already been priced in, and exceeding expectations is less likely to drive stock prices higher, instead triggering immediate profit-taking as the market's focus shifts to peak profit margins and the sustainability of tech spending. Gary Tan, a portfolio manager at Allspring Global Investments, stated, 'During a strong memory upcycle, when headline data exceeds expectations, most of the good news has already been reflected in positions and expectations. Exceeding expectations may merely confirm what investors already anticipated, leading to profit-taking rather than further increases.' -
Kioxia's Stock Price Continues to Decline, Latest Drop of 12%
Kioxia's stock price continues its downward trend, with a latest drop of 12%. (Jinshi) -
Spot Silver Drops Over 2.00% Intraday
Spot silver has dropped over 2.00% intraday, currently priced at $60.78 per ounce.
Daily Must-Read
-
From User Journey to Consumption Loop: Understanding UniKey’s Product Logic and the Three Core Use Cases of KEY
-
From AI Router to Agent Economy Network: How UniKey Builds the Next Generation of AI Infrastructure
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
All Comments