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Mahathir Bayena

Mahathir Bayena

GrafaCrypto Journalist

Crypto journalist for Grafa, with nearly 10 years of experience covering blockchain, Web3, and NFT gaming trends. MBA & Economics grad.

Articles by Mahathir Bayena

Grafa
Insights

Nike margin rebound puts footwear rivals on notice

  • Nike reported Q4 fiscal 2026 revenue of $11 billion, down 1% on a reported basis and down 4% on a currency-neutral basis.
  • Gross margin rose 890 basis points to 49.2%, mainly due to an approximately 900 basis point benefit tied to expected IEEPA tariff recovery.
  • The main sector issue is whether athletic brands can protect margins while wholesale demand, direct sales, tariffs, and cautious consumers reshape growth.
Read more: Nike margin rebound puts footwear rivals on notice
Grafa
Insights

Why Synapse is challenging crypto options giants

  • Arthur Hayes disclosed buying US$2.2 million of Synapse (CRYPTO:SYN), citing its Hypercall options exchange as a potential challenger to Deribit.
  • SYN briefly jumped 26%, while derivatives data later showed futures open interest falling 13% to US$31.98 million as traders took profits.
  • Decentralised options exchanges continue competing with established derivatives platforms, although liquidity, regulation and user adoption remain key hurdles.
Read more: Why Synapse is challenging crypto options giants