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Bernstein analysts doubt political influence in SEC’s spot Ethereum ETF approvals after Biden's veto
Bernstein analysts doubt political influence in SEC’s spot Ethereum ETF approvals after Biden's veto

The shifting political narrative behind the SEC’s surprise spot Ethereum ETF approvals is less credible following President Joe Biden’s SAB 121 repeal bill veto, Bernstein analysts said.President Joe Biden’s veto of the bill that would repeal SAB 121 suggests that the SEC’s decision was more pragmatic to avoid a legal battle, they added.

The Block·2024/06/03 12:37
Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week
Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week

The price of bitcoin has rallied alongside equity indices as wider markets anticipate a rate cut by the European Central Bank this week.The bitcoin price rebounded above the $69,000 mark in early trading on Monday.

The Block·2024/06/03 11:58
This Is When BTC Price Could Soar to $150K, According to Bitcoin Halving Cycles: Peter Brandt
This Is When BTC Price Could Soar to $150K, According to Bitcoin Halving Cycles: Peter Brandt

Trader Brandt suggests that Bitcoin’s current bull run resembles past post-halving cycles, potentially leading to a $150K by September 2025.

Cryptopotato·2024/06/03 11:22
Linea reaffirms decentralization plan after deliberately pausing block production amid Velocore hack
Linea reaffirms decentralization plan after deliberately pausing block production amid Velocore hack

Quick Take Linea halted its block production in response to an exploit involving Velocore. The project later clarified it plans to fully decentralize the network.

The Block·2024/06/03 10:01
Flash
12:56
NVIDIA and South Korea's SK Group Expected to Announce Collaboration Plans on Monday
On June 7, NVIDIA and South Korea's SK Group are expected to announce their collaboration plans on Monday. A representative from the American chip company stated that the current tight supply of memory chips will continue for several years. A spokesperson for SK Hynix confirmed that Chairman Chey and NVIDIA CEO Jensen Huang are scheduled to present the collaboration plans to the media on Monday morning, corroborating earlier reports from South Korean media. Huang also mentioned that NVIDIA will release related information alongside SK Group on Monday. In an interview with reporters, he stated, "Our collaboration covers multiple areas, including artificial intelligence supercomputers, central processing units, new personal computers, and robotics technology. This meeting is to finalize the relevant plans, and specific details may be announced tomorrow." He did not disclose further details. Huang also pointed out that there are no signs of relief regarding the memory chip shortage. "The entire industry supply chain, from wafers, packaging to silicon photonics modules, is experiencing shortages, rooted in persistently high market demand. This tight situation will continue for several years."
12:14
Token Unlocks Next Week: HOME and ME Tokens Set to Unlock Over $40 Million
Token Unlocks data shows that next week will see the unlocking of several tokens, including: Aptos (APT) will unlock approximately 11.31 million tokens on June 12, valued at around $7.6 million; HOME (HOME) and Magic Eden (ME) will unlock approximately 750 million tokens and 172 million tokens on June 10, valued at approximately $40.2 million and $10.4 million respectively; HumidiFi (WET) will unlock approximately 256 million tokens on June 9, valued at around $14.5 million.
11:38
「Stock God」 Serenity: Price Increase Does Not Necessarily Create Value, Avoid Companies with 'Toxic' Financing Structures or Debt Overhang
BlockBeats News, June 7th, the "Stock God" Serenity posted on social media reminding investors to pay attention to corporate financing structure and outstanding share dynamics, stating that this is crucial for investment returns, and gave examples: IREN: The financing method involves significant dilution, with each rebound being sold off, essentially classified as a "bad stock." NBIS: The stock price has risen 153% since the beginning of the year, benefiting from an optimized financing structure (such as direct financing, convertible bond combination, etc.). CRWV: With soaring debt interest, the company has opted for high-interest loans for GPU financing, eroding free cash flow in the long term. Serenity pointed out that if the company has a strong fundamental background, one can consider buying after the original holdings have been diluted. However, for those focusing on equity appreciation, they should stay away from "toxic" financing structures or companies burdened with debt. Small-cap companies are at higher risk, with SLNH adding $500 million in ATM (at-the-market) offerings, while having a market cap of only $2.5 billion; BKKT keeps diluting stock for executive compensation. These companies are essentially shifting investor funds to the company, often concealed by public opinion or influencer hype. Serenity emphasized that investors must carefully analyze equity structure, dilution risk, and hidden costs when screening targets, to prevent merely looking at profits while ending up with reduced actual ownership.
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