Latest news with #institutional
Yahoo
11 hours ago
- Business
- Yahoo
ETH Whales and Sharks Accumulate 1.49M ETH in 30 Days as Retail Pulls Back
Ether (ETH) ETH traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics. According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply. Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether's key stakeholders, even as retail sentiment appears to be wavering following recent price declines. At the same time, U.S.-listed spot Ethereum ETFs registered $2.2 million in net outflows on Friday, marking the end of a 19-day inflow streak. The reversal, as confirmed by data from Farside Investors, is the first sign of slowing institutional demand via these ETFs since late May. Still, ether's broader structure remains intact. Following a pullback from recent highs near $2,870, ETH continues to hold above a historically significant support zone near $2,500. The persistent accumulation by whale and shark wallets may provide an important floor for price, particularly if macro conditions stabilize and regulatory clarity improves. Technical Analysis Highlights Ether traded between $2,499.39 and $2,580.53 over the past 24 hours. Price peaked near $2,580 in the early hours before entering a steady decline. The token briefly dipped below $2,500 before bouncing to close near $2,518.76. Late-session volume surged, particularly around 17:30–18:00 GMT, coinciding with the rebound. Support appears to be forming around $2,500, a key psychological and technical level. Despite modest losses, ETH maintained a narrow range of $81.14 (3.14%), showing relative stability Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Outlier Inflows Boosting Carpenter Technology
CRS produces and distributes specialty alloys, including titanium, powder metals, stainless steels, alloy steels, tool steels, and drilling tools. The company's business segments include aerospace and defense, energy, transportation, medical, industrial and consumer, and distribution. Financially, CRS's third-quarter fiscal 2025 report showed record operating income of $137.8 million, which is a 53% year-over-year jump. Diluted per-share earnings were $1.88. CRS reported $34 million in adjusted free cash flow and $37.5 million in share repurchases. The company also raised its 2025 guidance for operating income to a high end of $527 million. No wonder CRS shares are up 46% this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock. Institutional volumes reveal plenty. In the last year, CRS has enjoyed strong investor demand, which we believe to be institutional support. Each green bar signals unusually large volumes in CRS shares. They reflect our proprietary inflow signal, pushing the stock higher: Plenty of materials names are under accumulation right now. But there's a powerful fundamental story happening with Carpenter Technology. Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRS has had strong sales and earnings growth: 3-year sales growth rate (+23.8%) 3-year EPS growth rate (+152.6%) Source: FactSet Also, EPS is estimated to ramp higher this year by +26.2%. Now it makes sense why the stock has been generating Big Money interest. CRS has a track record of strong financial performance. Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term. Carpenter Technology has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis. It's made the rare Outlier 20 report multiple times in a year. The blue bars below show when CRS was a top pick…boosted by Big Money: Tracking unusual volumes reveals the power of money flows. This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward. The CRS action isn't new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio. Disclosure: the author holds no position in CRS at the time of publication. If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights. This article was originally posted on FX Empire From Tariffs to Tags: The Price Hike Reality for US Shoppers (Part 1) Royal Caribbean Seeing Inflows Strong Inflows Make Catalyst Stock an Outlier Bulgaria on Track to Adopt the Euro, Supporting the Economic Outlook Sezzle Shares Sizzle After Big Money Inflows Portugal: Persistent Political Fragmentation to Test Growth and Fiscal Prospects Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-05-2025
- Business
- Yahoo
Bitcoin Price Prediction - What could affect BTC's future price?
Bitcoin price prediction remains neutral to bullish in the mid-term, with potential volatility driven by geopolitical adoption, regulatory changes, and key technical resistance levels. While institutional accumulation acts as a bullish catalyst, ongoing regulatory risks continue to temper upside momentum.- Geopolitical adoption as U.S./nation-states treat BTC as strategic reserves- Institutional demand (800K BTC held by public firms) vs. derivative market leverage risks- Regulatory forks: U.S. GENIUS Act progress vs. CFTC/SEC jurisdictional battles- Technical resistance near $111K ATH with mixed momentum signals-Supply squeeze: 75% of BTC unmoved for 6+ months U.S. strategic positioning: VP Vance's endorsement of BTC as a geopolitical tool against China could drive state-level accumulation. Bitcoin-backed bonds: NYC's proposed BitBonds (CoinMarketCap News) and state-level reserve bills in Texas/New Hampshire aim to deepen institutional exposure. Halving aftermath: Reduced miner sell pressure (post-April 2025 halving) coincides with ETF inflows ($250B AUM projected for 2025). Key levels: Immediate resistance at $111,970 (swing high), with Fibonacci extensions suggesting $113K (127.2%) and $121K (161.8%) as upside targets. Momentum divergence: MACD histogram at -427 signals short-term bearish pressure, but RSI 61.35 remains neutral. On-chain support: 74% of BTC held in illiquid wallets reduces sell-side liquidity. Bitcoin price prediction hinges on whether growing institutional inflows—evidenced by a 47% YTD increase in ETF AUM—can outweigh mounting regulatory headwinds, such as the CFTC's push for expanded oversight. The critical $111K–$113K resistance zone will shape near-term direction: a breakout could ignite FOMO-driven rallies, while a rejection may see Bitcoin retesting the 50-day SMA at $96,806. Will U.S. legislative moves toward a Bitcoin reserve strategy cement its role as "digital gold," or will regulatory fragmentation cap gains? Bitcoin price prediction remains tilted bullish as sentiment scores 65/100 on the Fear & Greed Index, supported by rising geopolitical adoption, institutional accumulation, and ongoing regulatory discussions. However, retail interest continues to lag behind recent price gains.- Geopolitical tool – U.S. politicians frame BTC as strategic against China.- Institutional demand – Public firms hold 800K BTC ($90B), ETFs hit $250B AUM.- Regulatory clash – CFTC/SEC jurisdiction debates intensify as Trump admin pushes pro-crypto policies. Bullish momentum stems from:- U.S. strategic adoption: VP JD Vance declared BTC a 'strategic asset' in U.S.-China rivalry at Bitcoin 2025, while Senator Lummis proposed a national BTC reserve mirroring gold holdings.- Institutional stacking: Public firms now hold 800K BTC ($90B), with MicroStrategy adding 200K BTC alone. Spot BTC ETFs hit $250B AUM, up 19% in May. Bearish undercurrents include:- Regulatory gaps: Ex-CFTC Chair Behnam warned of investor risks without CFTC cash-market authority.- Retail skepticism: Google searches for BTC hit 12-month lows despite prices near ATHs. X (Twitter): Dominated by ETF inflow updates, BTC-as-digital-gold narratives, and debates over the GENIUS Act's stablecoin rules. Telegram/Discord: Traders track funding rates (neutral at +0.0062%) and RSI (69), noting 'room to run' before overbought levels. Developer forums: Heated debates on Bitcoin Core's OP_RETURN limits, with critics fearing data spam and proponents pushing scalability. Bitcoin's narrative has shifted from 'risk asset' to 'geopolitical reserve,' buoyed by institutional accumulation and U.S. policy moves, though regulatory uncertainty and retail hesitation linger. Will retail FOMO ignite once BTC breaks $111K ATH, or will profit-taking by long-term holders cap gains? To get the latest update on Bitcoin, visit our . Content created: 30th May 2025Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
28-05-2025
- Business
- Forbes
Bitcoin Hits Its New ATH - Is Altseason Next?
Bitcoin Illustration NurPhoto via Getty Images BTC has hit its new All-Time High, so let's talk about what everyone in the crypto space is thinking: are we back, and will an altseason follow? We encountered the fastest market drop and recovery, with BTC decreasing below the $80k level. A number of factors strike the crypto market - we are seeing a mix of institutional momentum, Trump-driven tailwinds, and a major difference in the amount of tokens being issued when compared to previous bull markets. A Bitcoin All-Time High (ATH) is, in fact, a hard-to-ignore milestone. After Bitcoin's price surges, we often observe the emergence of altcoin season, which negatively correlates with BTC dominance. Once the dominance is decreased, altcoins historically outperform Bitcoin. However, many analysts suggest that the next bull market for altcoins will not look like we previously saw. But here's where it gets interesting. While Bitcoin continues to climb, its dominance is starting to fall. That's a signal. Historically, when BTC dominance begins to fade while prices remain strong, it's often a prelude to altseason–moment when capital starts flowing into altcoins, and gains begin multiplying across the board. Bitcoin Dominance (BTC.D) represents Bitcoin's market capitalization as a percentage of the total cryptocurrency market capitalization. With BTC.D, we can track Bitcoin's relative strength within the crypto ecosystem. Its volatile movements show the underlying capital rotation patterns between Bitcoin and the altcoin market. Because of that, this metric is used to time a potential altcoin season. A steady decline in Bitcoin Dominance, especially after Bitcoin has achieved new ATHs, like it did on the 21st of May, and enters a phase of sideways price action, is a strong indicator of an upcoming altcoin season. But is it really that simple? Before we get too excited, there's a twist. Unlike past cycles, the landscape has drastically changed. In 2017 or even 2021, there were far fewer tokens with real traction. Today, we're talking about thousands of coins. And they are not equal. Some alts will explode, while others may barely move. The days of having everything pumped are likely behind–after all, the market has grown and matured. Does it mean we will still see the altseason on the charts? Most likely, yes, but it'll be different. Some analysts expect massive daily gains of up to 40% for select tokens, especially those with strong fundamentals and real utility. Think AI agents, infrastructure, interoperability, DeFi, and RWAs. These narratives are gaining steam, and projects tied to them could outperform dramatically. But again, selectivity is key. We're matured from previous bull runs, but crypto is still a maturing market, with more data, investors, and even more skepticism. The bottom line is that there is a pattern in capital rotation. First, investors accumulate Bitcoin during lower valuations to get an upside. Following a price rise, BTC often enters a so-called consolidation phase, where early investors may realize profits, which creates a correction on the chart. Usually, a portion of these profits is then reallocated into blue chips–highly liquid large-cap tokens like ETH, SOL, or BNB. As these large-cap altcoins appreciate, further capital rotation occurs into mid-cap and smaller-cap altcoins. This final phase often yields the most impactful percentage gains, albeit with higher risk and volatility due to lower liquidity. And that brings us to an important point: patterns help, but don't predict. Yes, there are historical cycles. And yes, we've seen similar moves before. But no two altseasons are the same. We're not in a vacuum.
Associated Press
28-05-2025
- Business
- Associated Press
Amber International Holding Limited Reports First Quarter 2025 Unaudited Financial Results
SINGAPORE, May 28, 2025 /PRNewswire/ -- Amber International Holding Limited (Nasdaq: AMBR) ('Amber International', 'we,' 'us,' or the 'Company'), a leading provider of institutional crypto financial services & solutions and operating under the brand name 'Amber Premium', today announced unaudited financial results for the first quarter ended March 31, 2025. Wayne Huo, CEO and Director of Amber International, commented, 'We are pleased to report a strong first quarter, highlighted by record revenue of US$14.9 million and improved profitability. The successful completion of the merger with iClick (the 'Merger') has enhanced our platform capabilities, enabling us to drive robust growth across core institutional offerings. Our high-margin Wealth Management Solutions continued to perform well, supported by a diversified and scalable revenue model that positions us for long-term growth.' 'As we look to the second quarter and beyond, we're focused on scaling our strategic growth initiatives. The launch of our US$100 million Crypto Ecosystem Reserve, the rollout of uMINT (a tokenized real-world assets (RWAs) offering backed by UBS Asset management), and continued developments in AgentFi exemplified by our AI ambassador MIA, are all examples of how we're building for the next phase of institutional crypto finance. With our institutional infrastructure, regulated foundation, and strong momentum, we're committed to serving the evolving needs of clients and expanding our global footprint,' Mr. Huo continued. Josephine Ngai, CFO of Amber International, added, 'Amber Premium's first quarter financial results reflect the disciplined execution of our integration and cost optimization strategy. As we continue to expand our infrastructure, we remain focused on maintaining capital efficiency while investing in the capabilities that support institutional client success.' First Quarter 2025 Highlights Business Developments and Strategic Updates The first quarter of 2025 delivered record financial performance alongside significant strategic milestones that position us for long term growth. In March, we successfully completed our Merger with iClick and began trading under our new ticker (Nasdaq: AMBR)—a defining moment as we entered the public markets. Operationally, we focused on integrating our expanded platform and delivering on growth targets. Our Wealth Management Solutions business continued to demonstrate strong client demand, supported by growing interest in structured yield products, collateralized lending, and DeFi-enhanced offerings. This performance was underpinned by an 11% increase in client assets to US$1,275.4 million and a 22% growth in KYC'ed users, reflecting strong engagement and trust from high-value institutional clients who increasingly view digital assets as an important portfolio allocation. Looking ahead, we remain focused on long-term growth through three core strategic initiatives: First Quarter 2025 Financial Results Summary On March 12, 2025, iClick Interactive Asia Group Limited ('iClick') completed its previously announced Merger with Amber DWM Holding Limited ('Amber DWM')[3]. The Merger is accounted for as a reverse acquisition for accounting purposes. Accordingly, the Merger is treated as the equivalent of Amber DWM issuing shares for the acquisition of iClick, accompanied by a recapitalization. The financial results of iClick have been included in the consolidated financial results since March 12, 2025. Effective for the fiscal year beginning January 1, 2025, the Company would prepare and report its financial statements in accordance with the International Financial Reporting Standards ('IFRS') issued by the International Accounting Standards Board to align with the preparation and reporting of the financial statements of Amber DWM. Also, Amber DWM changed its fiscal year end from June 30 to December 31 in order to align with the fiscal year end of the Company (previously known as iClick). For details, please refer to Form 6-K furnished to the SEC on May 22, 2025 and April 8, 2025, respectively. The following table sets forth the key financial metrics of the Company for the periods indicated. Revenue for the first quarter of 2025 was US$14.9 million, notably up from US$1.0 million in the first quarter of 2024, attributed to the intercompany service agreement dated March 12, 2025, pursuant to which the Company will consolidate the net income generated by the WFTL Assigned Contracts effective January 1, 2025, and continuous expansion of Amber Premium's business. We reported the results into four revenue streams: 1) Wealth Management Solutions revenue is mainly generated from (a) finance income and premiums earned on structured products and strategic fees; and (b) commission, rebates and spread earned from standard earn and structured products, DeFi yield enhanced products and strategic funds. We achieved a significant growth of revenue in the first quarter of 2025 at US$9.9 million from US$0.6 million in the same period of 2024, contributed by the WFTL Assigned Contracts recorded in the first quarter 2025, as well as strong demand on our diverse investment products, collateralized lending and asset management. 2) Execution Solutions revenue mainly includes the transaction fees from the provision of OTC trading and execution services. US$2.7 million revenue was recorded in the first quarter of 2025, increased from US$29.0 thousand in the same period of 2024. The growth was primarily driven by revenue generated from the WFTL Assigned Contracts, and higher average fee rate and spread in the mix of different trading in this quarter. 3) Payment Solutions revenue is generated from the conversion fee of our fiat on/off-ramp services. US$0.8 million revenue was recorded in the first quarter of 2025, increased from US$0.4 million for the same period of 2024, mainly contributed from the revenue generated from the WFTL Assigned Contracts. 4) Marketing and Enterprise Solutions revenue is generated from online marketing, SaaS products and services provided by iClick. US$1.6 million revenue was recorded in the first quarter of 2025. Gross profit for the first quarter of 2025 reached US$11.0 million, compared to US$0.5 million in the same period of 2024. Gross profit margin demonstrated an upward trend to 73.7% in the first quarter of 2025, from 45.9% in the first quarter of 2024. The increase was mainly contributed by the WFTL Assigned Contracts and continuous expansion of Amber Premium's business. Total operating expenses were US$10.2 million in the first quarter of 2025, increased from US$1.4 million in the first quarter of 2024. The change was primarily due to the increase of technology infrastructure expenses, software services expenses, personnel expenses and consultancy for business expansion and development of new products and services. Operating income was US$0.8 million in the first quarter of 2025, improved from US$0.9 million operating loss in the first quarter of 2024, as a result of our strategic investments and expansion of higher margin Amber Premium's services. In addition, our marketing and enterprise solutions business recorded an overall breakeven result in the first quarter of 2025. Other gains, net, were US$0.1 million in the first quarter of 2025, compared to other losses, net of US$11.0 million in the first quarter of 2024. Other losses, net in the first quarter of 2024 were mainly driven by unrealized loss in fair value of digital assets in connection with a related party's loan. The related party's loan was waived prior to the Merger and thus the unrealized loss in fair value was nil in 2025. Net income was US$0.9 million in the first quarter of 2025, compared with net loss of US$11.9 million for the first quarter of 2024, as a result of the foregoing. Adjusted EBITDA and adjusted net income were US$1.6 million and US$1.5 million, respectively for the first quarter of 2025, compared to an adjusted EBITDA, a loss of US$0.8 million and an adjusted net loss of US$0.9 million in the first quarter of 2024. First Quarter 2025 Operating Data In addition to the measures presented in our consolidated financial statements, we use the operating metrics listed below to evaluate our business, measure our performance, identify trends and make strategic decisions: Outlook Based on the information available as of the date of this press release, the Company provides the following revenue outlook of Amber Premium business: Second Quarter 2025: Full Year 2025: The above outlook is based on current market conditions and reflects the Company's preliminary estimates of market and operating conditions, expected foreign exchange fluctuation, and customer demand, which are all subject to change. Please also refer to the factors set out under the section titled 'Safe Harbor Statement.' Conference Call The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 28, 2025 (8:00 PM Singapore time on May 28, 2025). Participants are asked to use one of the following teleconferencing numbers to participate in the call and reference the ID number 13754037 The Company requests that participants dial in 10 minutes before the conference call begins. Participant Dial-in Numbers: Toll Free: 1-844-539-3703 Toll/International: 1-412-652-1273 The conference call will also be available via a live webcast at Replay Dial-in Numbers: Toll Free: 1-844-512-2921 Toll/International: 1-412-317-6671 Replay Pin Number: 13754037 A replay of the call will be available on Wednesday, May 28, 2025, after 12:00 PM ET through Wednesday, June 11, 2025 at 11:59 PM ET. The Company's earnings release and investor presentation will be available shortly after issuance in the Investor Relations section of Amber International's website at About Amber International Holding Limited Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name 'Amber Premium', is a leading provider of institutional crypto financial services and solutions. A subsidiary of Amber Group, Amber Premium delivers institutional-grade market access, execution infrastructure, and investment solutions to help institutions and high-net-worth individuals optimize their digital asset portfolios. The firm offers a regulated, scalable financial ecosystem powered by proprietary blockchain and financial technologies, AI-driven risk management, and quantitative algorithms across CeFi, DeFi, and OTC markets. Learn more at Non-GAAP Financial Measures The Company uses adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS, each a non-GAAP financial measure, in evaluating the Company's operating results and for financial and operational decision-making purposes. The Company believes that adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS help identify underlying trends in the Company's business that could otherwise be distorted by the effect of the expenses and gains that the Company includes in net income/(loss). The Company believes that adjusted EBITDA and adjusted net income/(loss) provide useful information about the Company's operating results, enhance the overall understanding of the Company's past performance and future prospects, assess operating performance on a consistent basis, and allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. Adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS should not be considered in isolation or construed as an alternative to net income/(loss) or any other measure of performance or as an indicator of the Company's operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA, adjusted net income/(loss), and diluted adjusted net income/(loss) per ADS presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company's data. The Company encourages investors and others to review the Company's financial information in its entirety and not rely on a single financial measure. For more information on these non-GAAP financial measures, please see the table captioned 'Unaudited Reconciliations of GAAP and Non-GAAP results' set forth at the end of this press release. These non-GAAP financial measures were presented with the most directly comparable GAAP financial measures together for facilitating a more comprehensive understanding of operating performance between periods. Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) the risk that the Company may not obtain the regulatory approval in relation to DWM Asset Restructuring in a timely manner or at all and may need to continue relying on the intercompany service agreements to receive the economic benefits of the WFTL Assigned Contracts; (ii) risks related to the performance of the amendment, waiver and framework agreement, including the expected timing and likelihood of receipt of the regulatory approvals contemplated therein; (iii) the risk that the Company's business lines are nascent, not fully proven by market and subject to material legal, regulatory, operational, reputational, tax and other risks in the jurisdictions where it operates; (iv) the risk of declining prices of digital assets and reduced transaction volumes conducted by the Company; (v) regulatory and market risks related to cryptocurrencies and digital assets and in the jurisdictions where the Company operates; (vi) risks related to fluctuations in the market price of bitcoin and any associated unrealized gains or losses on the digital assets that the Company may record in its financial statements as a result of a change in the market price of bitcoin from the value at which the Company's bitcoins are carried on its balance sheet, as well as commercial, legal, regulatory, accounting and technical uncertainties associated with the Company's crypto holdings; (vii) a decrease in liquidity in the markets in which the cryptocurrencies and digital assets are traded; and (viii) the impact of the availability of spot exchange traded products and other investment vehicles for digital assets. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Media & Investor Contacts (financial tables follow) AMBER INTERNATIONAL HOLDING LIMITED Unaudited Reconciliations of GAAP and Non-GAAP Results (US$'000, except share data and per share data, or otherwise noted) Adjusted EBITDA represents net income/(loss) before (i) depreciation and amortization, (ii) interest expense, (iii) interest income, (iv) income tax expense, (v) share-based compensation, (vi) other gains, net, (vii) net loss attributable to non-controlling interests, (viii) realized loss/(gain) in fair value of digital assets, (ix) unrealized loss in fair value of digital assets, and (x) cost related to Merger. The table below sets forth a reconciliation of the Company's adjusted EBITDA from net income/(loss) for the periods indicated: Adjusted net income/(loss) represents net income/(loss) before (i) share-based compensation, (ii) other gains, net, (iii) net loss attributable to non-controlling interests, (iv) unrealized loss in fair value of digital assets, and (v) cost related to Merger. There is no material tax effects on these non-GAAP adjustments. The table below sets forth a reconciliation of the Company's adjusted net income/(loss) from net income/(loss) for the periods indicated: The diluted adjusted net income/(loss) per ADS for the periods indicated are calculated as follows: View original content to download multimedia: SOURCE Amber International Holding Limited
