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Lucapa Diamond Company, overseeing Angola’s Lulo mine, recorded a $14.6 million decline, representing a 43% drop in diamond sales this quarter. Also, diamond production saw a 20% cut. As a result, dividends plummeted over 50% to $9.1 million. Yet, there’s a silver lining. Lucapa has kept 2,300 carats in stock and is planning to sell […]
This past Thursday, BlackRock’s Bitcoin ETF experienced its first investment withdrawal excess since May. In this event, the fund’s outflows exceeded the inflows on the U.S. stock market. This resulted in a $13.5 million deficit for the fund. Since its debut in January 2024, following SEC approval, the fund has seldom posted losses. Across the […]
