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OP Stack-based Mode to begin initial distribution of 550 million tokens today
OP Stack-based Mode to begin initial distribution of 550 million tokens today

Quick Take Mode, a Layer 2 network developed on the OP Stack, is set to initiate airdrop claims for its governance token today. In the first phase, Mode will distribute 550 million tokens, representing 5.5% of the total 10 billion tokens.

The Block·2024/05/07 04:52
Grayscale’s spot bitcoin ETF logs second day of net inflows
Grayscale’s spot bitcoin ETF logs second day of net inflows

Grayscale’s spot bitcoin trust recorded two consecutive days of net inflows after ending a 78-day streak of outflows last week.The 11 U.S.-based spot bitcoin ETFs reported a total daily net inflow of $217 million on Monday.

The Block·2024/05/07 04:40
SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF
SEC delays making a decision on the proposed Invesco Galaxy spot Ethereum ETF

The SEC set its next deadline to July 5, 2024 to approve or disapprove of the proposed spot ether ETF. Optimism for the SEC approving such a product has dwindled over the past few months

The Block·2024/05/06 22:04
Flash
14:39
US Stock Photos Communications Stocks Downtrend, AAOI Plunges Over 7%
BlockBeats News, June 9th. According to Bitget market data, US optical communication stocks experienced a general decline. On May 28th, the newly listed FOTO ETF (Pure Photonic ETF) dropped by 3.01%. Among individual optical module stocks: George Huang's recommended stock, Marvell Technology (MRVL), fell by 6.69%. Huang had previously touted it as the next trillion-dollar market cap company; AAOI (Applied Optoelectronics) dropped by 7.13%. The company is a manufacturer of high-speed optical modules (800G/1.6T) focusing on AI data center transceivers; LITE (Lumentum Holdings) declined by 3.48%. The company is a key supplier of optical communication lasers and modules, serving as a major supplier to AI data centers; COHR (Coherent Corp.) fell by 7.02%. The company is a leader in lasers, optical components, and photonics solutions, with a presence in data centers and industrial sectors; CIEN (Ciena Corporation) dropped by 4.61%. The company produces high-speed SerDes and interconnect chips, focusing on low-power interconnects for AI data centers; FN (Fabrinet) fell by 2.95%. The company is a leading high-end optical module contract manufacturer, providing manufacturing services to multiple optical module companies; AXTI (AXT Inc.) declined by 4.16%. The company is a supplier of optical chip materials (InP, GaAs substrates), offering key raw materials for AI optical modules; NOK (Nokia) dropped by 3.63%. As a telecom equipment giant, Nokia has recently made significant efforts in optical networking and AI data center interconnects, positioning itself as a key player in optical modules and photonics concepts.
14:18
Saudi Media: White House Officials Report Positive Progress in Nuclear Negotiations
On June 9, according to Saudi Arabian television citing a White House official, negotiations regarding an agreement to prevent Iran from acquiring nuclear weapons are making positive progress. Spot gold briefly surged over $30, while both U.S. and Brent crude oil prices declined.
14:08
APLD Surges Over 12% After Signing $5.2 Billion Data Center Lease Agreement
On June 9, according to Bitget market data, Applied Digital (APLD.O) surged over 12%, currently trading at $44.86, following the company's signing of a $5.2 billion artificial intelligence data center lease agreement.
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