What happened: On Tuesday a total of 2,757.99 Ether (CRYPTO: ETH) worth $4,310,043, based on the current value of Ethereum at time of publication ($1,562.75), was burned from Ethereum transactions.
Gainers
Direct Digital Holdings, Inc. (NASDAQ: DRCT) shares surged 82.2% to $2.6787. Direct Digital Holdings said its supply-side advertising platform, Colossus SSP, reported a 540% year-over-year growth in revenue for the first quarter.
Amazon.com, Inc. (NASDAQ: AMZN) shares are trading higher by 3.29% to $122.10 Wednesday afternoon amid overall market strength and as large-cap stocks gain in sympathy with Netflix. Additionally, Jefferies maintained a Buy rating on the stock but lowered its price target from $163 to $150.
Silvergate Capital Corp (NYSE: SI) shares are trading higher by 14.46% to $91.11 Wednesday afternoon after Wells Fargo maintained an Overweight rating on the stock and raised its price target from $100 to $115.
Pagaya Technologies Ltd. (NASDAQ: PGY) shares are trading higher on continued volatility after the company completed its SPAC merger agreement last month.
What happened: A Bitcoin (CRYPTO: BTC) whale just sent $73,208,868 worth of Bitcoin off Coinbase.
The BTC address associated with this transaction has been identified as: 1MCadrvJGNAeFe2runRp8Z6iFRch3anrLa.
Pagaya Technologies Ltd. (NASDAQ: PGY) shares are trading higher on continued volatility after the company completed its SPAC merger agreement last month.