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19:44
Despite a faster supply rebound warned by Goldman Sachs, aluminum prices continue to rise
The London Metal Exchange (LME) aluminum price rose by 0.8%, closing at USD 3,115.50 per metric ton. Wu Kunjin, head of base metals research at Minmetals Futures Co., stated that the market has been supported by some Chinese capital flowing into metal stocks and futures, with these funds betting that producers will deliver impressive profit reports in the first half of the year. Additionally, the metal’s 14-day Relative Strength Index (RSI) recently entered the oversold territory, which some believe indicates the price is poised for a rebound. Expand
19:19
Lone Pine Capital achieved a 43% return in the first half of the year through both long and short strategies.
Its short investment portfolio was a significant contributor to returns, helping the hedge fund outperform its main long-only fund, Lone Cascade (which rose 38% over the same period). Almost all of Lone Pine Capital's returns came from trading in listed companies, with private equity investments accounting for less than 15% of its hedge fund portfolio.
19:06
Base chain TVL surpasses 4 billion US dollars
Base chain TVL surpasses 4 billion USD, with on-chain asset scale exceeding 12 billion USD, and on-chain sponsored transactions reaching 169 million times.
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