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JPMorgan revises bitcoin production cost estimate to $45,000
JPMorgan revises bitcoin production cost estimate to $45,000

JPMorgan has revised its bitcoin production cost estimate to $45,000 for now, noting ongoing hashrate shifts post-halving.Its previous estimate was $42,000, which still remains for the medium term, JPMorgan’s Nikolaos Panigirtzoglou told The Block.

The Block·2024/05/16 18:31
Solana token launcher Pump.fun suffers flash loan exploit
Solana token launcher Pump.fun suffers flash loan exploit

The exploiter seems to be using flash loans to get enough SOL to buy out Pump.fun memecoin bonding curves.

The Block·2024/05/16 17:28
BlackRock spot bitcoin ETF's over 400 holders is 'mind boggling': Bloomberg analyst
BlackRock spot bitcoin ETF's over 400 holders is 'mind boggling': Bloomberg analyst

Bloomberg ETF analyst Eric Balchunas said BlackRock having more than 400 holders report they own its spot bitcoin ETF is a “mind boggling” result.With $844 million worth of BlackRock’s ETF, Millennium Management led the way in terms of total shares owned, followed by Schonfeld Strategic Advisors and Aristeia Capital.

The Block·2024/05/16 17:01
Bitcoin options traders anticipate short-term price correction, analysts say
Bitcoin options traders anticipate short-term price correction, analysts say

Bitcoin derivatives traders are still ready to pay a premium for short-term downside protection, analysts say.However, a longer-term outlook shows a more optimistic options distribution, skewed towards calls, the analysts added.

The Block·2024/05/16 16:07
Three Reasons Why Solana’s (SOL) Price Soared Past $160
Three Reasons Why Solana’s (SOL) Price Soared Past $160

SOL’s price surge is linked to recent crypto developments, notably involving Robinhood, Infinex, and MarginFi platforms.

Cryptopotato·2024/05/16 13:43
Flash
19:01
Morgan Stanley: Whether the US dollar rally can continue depends on the Federal Reserve's interest rate path
Jinse Finance reported that on June 9, Morgan Stanley strategists David Adams, Andrew Watrous, and Molly Nickolin wrote in a report on Monday that the outlook for the Federal Reserve will determine the next phase of the US dollar’s movement. If the Federal Reserve does not raise interest rates, the rally of the US dollar is likely overdone.
18:54
Vale CEO: Despite the outbreak of war in the Middle East, metal demand remains strong
Vale is currently focusing on revitalizing and developing its own assets rather than seeking external acquisitions. The global demand for critical minerals has always been "highly constructive" (very favorable) for this Brazilian mining giant. Its outlook for the full year is "very optimistic." The resumption of operations at the Oman pellet plant complex will have to wait until the conflict subsides. (Bloomberg Television)
18:51
On Monday (June 8), at the close of trading in New York, the Bloomberg Grains Subindex rose by 0.22%, closing at 29.4516 points.
CBOT corn futures fell 0.22%, while CBOT wheat futures rose 0.30%. CBOT soybean futures fell 0.42% to $11.1675 per bushel, soybean meal futures dropped 0.61%, and soybean oil futures increased 0.77%. CBOT lean hog futures fell 1.52%, live cattle futures dropped 2.20%, and feeder cattle futures declined 1.03%.
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