News

BlockBeats News, July 4th, according to Dune Analytics data, over 120,000 unique users have traded on the prediction market platform Predict.fun this week, reaching a record high, with over 72,000 new users.

BlockBeats News, July 4th, according to Coinglass data, if Bitcoin breaks above $65,000, the total liquidation strength of mainstream CEX short positions will reach $651 million. On the other hand, if Bitcoin falls below $61,000, the total liquidation strength of mainstream CEX long positions will reach $678 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the importance of each liquidation cluster relative to adjacent liquidation clusters, i.e., the strength. Therefore, the liquidation chart shows to what extent the price of the underlying asset will be affected when it reaches a certain level. A higher "liquidation bar" indicates that the price will experience a stronger reaction due to a liquidity cascade when it reaches that level.

Glonghui, July 4｜According to Bloomberg, South Korean memory chip giant SK Hynix is considering paying an underwriting fee of about 0.5% to banks underwriting its US listing plan, with the size of the issuance expected to rank among the largest stock offerings in history. SK Hynix stated that the size of this issuance could be up to 2.5% of its outstanding shares, but the final amount has yet to be determined. Bank of America, Citibank, Goldman Sachs, and JPMorgan are jointly leading the stock offering. According to sources, in addition to the basic underwriting fee, the company may also pay discretionary reward fees to relevant banks. Based on SK Hynix's current market value of about 1.1 trillion USD, the issuance could raise up to about 26.5 billion USD. Calculated at the 0.5% rate, the participating banks could earn a total income of over 130 million USD from the transaction.