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Memecoins Plunge Dramatically from All-Time Highs
Cryptodnes·2024/09/02 13:06

Bitcoin Whales Ramp Up Purchases as Prices Drop
Cryptodnes·2024/09/02 12:57

Bitcoin funds see $319 million in outflows as US economic data strengthens
Cryptobriefing·2024/09/02 12:48

How Do You Know When Crypto Prices Are Going to Rise?
99bitcoins·2024/09/02 12:22

The price of EtherVista has increased 10 times in one day, and the developer earns $30,000 a day. What is it? | Web3 Daily Scam
Is EtherVista here to save Ethereum?
BlockBeats·2024/09/02 11:55

Ethereum Co-Founder Proposes Blockchain-Based Hybrid Model for Future Cities
Cryptodnes·2024/09/02 10:45

Global crypto investment products see $305 million in weekly outflows: CoinShares
Digital asset investment products returned to weekly outflows, with $305 million exiting funds globally last week, according to CoinShares.
The Block·2024/09/02 09:57

Notcoin Price Prediction: NOT Plummets 35% In A Month As Investors Pivot To This Olympic-Themed Token For Its 472% APY
Insidebitcoin·2024/09/02 09:08

Best Crypto to Buy Now November 04 – The Graph, Oasis Network, Lido DAO
Insidebitcoin·2024/09/02 09:08

Top Crypto Gainers Today Sep 01 – IRISnet, Vite, Simon’s Cat, ArcBlock
Insidebitcoin·2024/09/02 09:08
Flash
13:52
US Stock Market Open: Fiber Optic Stocks Decline, Ciena Plunges Nearly 16%BlockBeats News, June 4th, according to Bitget data, at the opening of the US stock market, optical communication stocks experienced a general decline. Following its earnings report, Ciena plummeted by nearly 16%, POET fell by nearly 7%, Lumentum dropped by almost 6%, while II-VI and Nokia fell by over 5%, and Corning dropped by over 4%.
13:52
Fitch: Oil Price Shock Weighs on Global Growth Outlook, AI Investment Momentum Exceeds ExpectationsBlockBeats News, June 4th - Fitch Ratings stated in its latest "Global Economic Outlook" report that the oil crisis triggered by the US-Iran war has impacted the global growth prospects. This has led Fitch to downgrade its 2026 global growth forecast by 0.2 percentage points to 2.4%. Due to high inflation squeezing real wages, suppressing consumption, and raising corporate input costs, growth forecasts for multiple economies have been widely revised down. However, IT investments related to artificial intelligence have shown stronger momentum than expected, providing a cushion for global economic activity, supporting world trade, and Asian exports.
The closure of the Strait of Hormuz has now lasted for 14 weeks, with Fitch assuming it will only begin to reopen in July. The institution has revised up its 2026 Brent crude oil average price forecast from $70 per barrel in March to $87. The oil shock is a strong headwind for global growth, but Fitch's baseline expectations are far from being as severe as during the 1970s oil crisis. Fitch currently expects the Fed and the Bank of England to keep rates unchanged this year, but to resume cuts in 2027. The ECB will raise rates by 25 basis points in June, but Fitch expects this trend to reverse next year. (FXStreet)
13:50
Philadelphia Semiconductor Index Falls Over 4%, Broadcom Drops Over 14% Leading the Sector On June 4, the Philadelphia Semiconductor Index fell over 4%, with Broadcom experiencing a significant drop of over 14%, leading the decline in the U.S. semiconductor sector. Arm and Micron Technology both fell over 6%, while AMD and Marvell Technology dropped over 5%. ON Semiconductor fell over 4%, and Qualcomm, Applied Materials, and GlobalFoundries each declined over 3%. Intel, Analog Devices, and ASML saw declines of over 2%. In terms of news, Broadcom reported total revenue of $22.187 billion for Q2 of fiscal year 2026, a year-on-year increase of 48%, with AI revenue reaching $10.8 billion, up 145%, both exceeding market expectations. Looking ahead to the third fiscal quarter, the company expects AI revenue to reach $16 billion, a quarter-on-quarter increase of 48% and a year-on-year increase of 210%. Citigroup analysts pointed out that the $16 billion AI revenue guidance is below their expected $17.5 billion and also below the market consensus expectation of $16.3 billion. Meanwhile, Broadcom's CEO merely reaffirmed the existing target of 'over $100 billion' in AI revenue for fiscal year 2027 without any enhancements, which directly triggered market disappointment.
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