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Bitget Research: Mainstream Cryptocurrency Trends Weaken, Celsius Continues to Rise Through Token Burns
Bitget Research·2024/05/09 07:27
Optimism’s Superchain now supports Layer 3 chains via OP Stack
Quick Take Optimism announced that Layer 3 chains can now join the Superchain by building on the OP Stack. To support the integration of Layer 3s, Optimism has introduced two new features to its stack.
The Block·2024/05/09 06:22
Why hasn’t the copycat season returned yet, and how should investors respond?
BlockBeats·2024/05/09 06:20
Emergency ‘wall of liquidity’ to prop up Yen bullish for Bitcoin: Swan
Cointelegraph·2024/05/09 03:52
Donald Trump says he'll accept crypto for campaign donations
Trump said today that he’ll make sure his campaign accepts donations in crypto. The former U.S. president met with a group of his NFT buyers on his day off from trial.
The Block·2024/05/09 02:52
Bitcoin Sees Choppy Waters Ahead: Are Bulls Out of the Race?
Dailycoin·2024/05/08 21:34
Empire Newsletter: FTX bankruptcy almost across the finish line
Some creditors could see up to 142% of their claims paid back
Blockworks·2024/05/08 21:32
Flash
10:12
Analysis: Tokenized US Treasury Bonds Could Become Foundation for Stablecoin Issuance, with the market expanding to $2.7 trillion by 2030BlockBeats News, June 9th. According to an analysis article released by Token Terminal, Tokenized Treasuries are gradually becoming a key infrastructure product for stablecoin issuers.
The data shows that the current size of Tokenized Treasuries is around $14 billion, and the supply of stablecoins is expected to grow tenfold by 2030, adding approximately $2.7 trillion in on-chain dollar supply. There is a significant gap between the Tokenized Treasuries and stablecoin supply, which is seen as an important potential growth area for future on-chain financial infrastructure.
09:46
A certain whale has opened a $52 million short position, becoming the largest BTC bear on Hyperliquid.BlockBeats News, June 9th, according to Hyperinsight monitoring, the largest short position on BTC on Hyperliquid today was observed. The whale opened a short position with 20x leverage, shorting 831.4 BTC, with a value of approximately $52 million, at an average price of $62,675 and a liquidation price of $69,909.
However, this whale is not a long-term bear. They engage in quick trades on BTC and ETH, achieving a 9-game winning streak and a weekly profit of $710,000.
Address: 0x50b309f78e774a756a2230e1769729094cac9f20
08:49
Goldman Sachs Raises Micron's Price Target from $400 to $900BlockBeats News, June 9th. Goldman Sachs released a report stating that they expect continued market tightness to drive Micron's performance significantly above market consensus and company guidance. The firm had previously raised the overall industry outlook and anticipates the tightness to persist throughout the 2027 fiscal year, bringing higher pricing and profit margins to the industry. Considering the significant stock price increase and the market's optimistic view on long-term customer agreements, investors remain very bullish on the stock.
Goldman Sachs expects Micron's third-quarter revenue at the end of May to be about 9% higher than market consensus, and driven by pricing tailwinds, they anticipate significant sequential revenue growth for the quarter ending in late August. The firm forecasts last quarter's revenue, gross margin, and earnings per share to be $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the firm's revenue and EPS estimates for Micron are 30% and 36% higher than the market consensus. Goldman Sachs has raised Micron's price target from $400 to $900 and maintains a "Neutral" rating.
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