Welcome to Markets Desk, here's what's moving.
Bitcoin and Ether ETFs took a sharp hit Thursday, shedding a combined five hundred thirty million dollars in outflows as Bitcoin slipped below seventy-six thousand dollars and US equities fell in tandem. The move erases a significant portion of the post-election rally that had lifted crypto assets through much of late twenty twenty six.
Shifting to earnings, Biodesix posted third-quarter revenue of twenty-four million dollars, up ten percent year over year, with diagnostic testing leading the charge at sixteen percent growth. The company revised its full-year revenue guidance upward to a range of one hundred one million to one hundred three million dollars, signaling management confidence in the back half of the year.
Meanwhile, in the prediction markets space, Kalshi has been hit with a federal preliminary injunction barring the platform from offering sports event contracts on the lands of two California tribal nations. The ruling adds regulatory friction to a sector that has been aggressively expanding its product offerings, and raises broader questions about jurisdictional boundaries for these emerging financial instruments.
That's the tape. Markets Desk, signing off the floor.
