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Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'
Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'

The Goldman Sachs CEO joined CNBC for an interview from the Summer Olympics in Paris, France.“I’ve always said I think it’s a speculative investment,” David Solomon said. “I don’t see a real use case.”

The Block·2024/07/30 14:48
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin

Ethereum is poised for larger price swings than bitcoin, with its volatility premium widening to 8%, analysts said.Analysts favor Ethereum accumulation due to its cost-effective spot price and robust performance amid wider crypto market fluctuations.

The Block·2024/07/30 14:27
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US

Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.

The Block·2024/07/30 11:00
Bitcoin price slides below $67,000, triggering a spike in long liquidations
Bitcoin price slides below $67,000, triggering a spike in long liquidations

Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.

The Block·2024/07/30 10:18
Flash
08:58
US Stocks Movement | CRH Cement rises over 3% pre-market as JPMorgan raises its target price to $140
Glonghui June 4th|CRH Cement (CRH.US) rose more than 3% pre-market to $109.27. According to reports, JPMorgan raised CRH Cement’s target price from $135 to $140 and maintained an “overweight” rating. This adjustment reflects the institution’s confidence in the company’s fundamentals and future growth. This is JPMorgan’s second positive adjustment for the stock in a short period, showing continuing optimism over CRH’s leading position in the building materials industry. In addition, CRH released its Q1 2026 financial report on April 30, with strong core indicators, providing solid fundamental support for the stock price.
08:56
Plasma One now supports withdrawals in US Dollar, Euro, Mexican Peso, and Brazilian Real.
Foresight News reported that the stablecoin-native bank card launched by Plasma now supports withdrawals in US dollars, euros, Mexican pesos, and Brazilian reais. Users can directly withdraw cryptocurrencies from their accounts as the above-mentioned fiat currencies to their corresponding bank accounts.
08:55
AI bubble concerns rise as Japanese stock market saw capital outflows last week
Glonghui June 4th – According to data from Japan Exchange Group, as of the week ending May 29, overseas investors were net sellers of approximately 395 billion yen (about $2.5 billion) in Japanese stocks, ending eight consecutive weeks of net buying. This sell-off occurred as the Nikkei 225, dominated by technology stocks, surpassed the 65,000-point mark for the first time, mainly driven by artificial intelligence-related stocks such as SoftBank, Kioxia, and Murata Manufacturing. The rapid rise of the Nikkei Index has sparked concerns among some market participants about overheating, prompting them to take profits. Pelham Smithers, Managing Director of UK equity research firm Pelham Smithers Associates, said: “More and more people believe that artificial intelligence is developing into a bubble. We estimate that by 2026, about 70% of the gains in the Japanese stock market will be contributed by AI-related stocks.” He noted that as caution increases, some global investors “hope to exit Japan and shift funds to markets such as Europe, where the AI component is less pronounced.”
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