BeInCrypto Reports on Traditional Markets and BlackRock's Financial Performance
BeInCrypto Reports on Traditional Markets and BlackRock's Financial Performance
Recent reports from BeInCrypto highlight diverse financial news, including the US Mint's plans for a Trump gold coin, Wells Fargo's cautious outlook on Tesla stock, SpaceX's stock performance, and BlackRock's latest financial results, noting its record assets under management amidst outflows from its crypto division.
Traditional Market and Corporate News
The US Mint is reportedly preparing to strike a $1 Trump gold coin to commemorate America's 250th anniversary, a development that comes amidst various legal questions. In the traditional equities market, Wells Fargo raised its price target for Tesla (TSLA) stock but maintained a 'sell' recommendation, forecasting a significant 67% drop from its current trading price. Separately, SpaceX stock is hovering near its all-time low, although technical indicators like a falling wedge and RSI divergence suggest a potential 15% rebound to $158.
BlackRock's Financials and Crypto Division Update
Financial giant BlackRock announced a monumental achievement, reaching a record $15.34 trillion in Assets Under Management (AUM) in the second quarter of 2026. However, the firm's crypto arm experienced a challenging period, shrinking by 20% due to substantial $3.1 billion in outflows. This indicates a contrasting performance within BlackRock's diverse portfolio, with its core assets growing significantly while its digital asset operations faced headwinds.