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A drawdown for DEXs: Traders on Ethereum hits lowest level since February
A drawdown for DEXs: Traders on Ethereum hits lowest level since February

Quick Take The number of DEX traders on Ethereum is down to 63,000, the lowest number of traders since February. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/24 19:55
Co-founders of Samourai Wallet arrested and charged with money laundering: DOJ
Co-founders of Samourai Wallet arrested and charged with money laundering: DOJ

Quick Take CEO Keonne Rodriguez and Chief Technology Officer William Lonergan Hill were charged on Wednesday with operating the Samourai Wallet. Prosecutors say Samourai is an unlicensed money-transmitting business and was involved in over $2 billion in unlawful transactions.

The Block·2024/04/24 19:43
Bitcoin miner revenue holding steady following halving
Bitcoin miner revenue holding steady following halving

Quick Take The bitcoin halving has historically viewed as a bullish signal. This year, predictions varied. For miners, the bulk of their earnings have been cut by 50% in one day. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/24 19:10
Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit
Bitcoin options worth over $6.3 billion set to expire this Friday on Deribit

Over $6.3 billion worth of bitcoin options and over $3 billion in ether options are set to expire on this Friday on Deribit.The bitcoin option put-call ratio is more skewed towards puts compared to ether’s put-call ratio ahead of the same expiry.

The Block·2024/04/24 15:28
Here are the Top 5 Gainers in the Bitcoin (BTC) Ecosystem YTD: Details
Here are the Top 5 Gainers in the Bitcoin (BTC) Ecosystem YTD: Details

Check out which BTC-related cryptocurrencies performed the best since the start of 2024.

Cryptopotato·2024/04/24 15:28
Bitwise CIO makes 5 predictions ahead of Bitcoin's next halving, including a $250,000 price target
Bitwise CIO makes 5 predictions ahead of Bitcoin's next halving, including a $250,000 price target

Bitwise CIO Matt Hougan has made five predictions ahead of Bitcoin’s next halving, estimated for April 2028.Hougan expects lower volatility, increased portfolio allocations and ETF flows, central bank involvement and a price target of at least $250,000 during the period.

The Block·2024/04/24 15:10
BlackRock 'gaga' over spot bitcoin fund that accounts for 24% of firm's total ETF flows: analyst
BlackRock 'gaga' over spot bitcoin fund that accounts for 24% of firm's total ETF flows: analyst

Bloomberg Senior ETF Analyst Eric Balchunas said BlackRock is “gaga” when it comes to its highly-successful spot bitcoin ETF.BlackRock’s spot bitcoin fund accounts for 24% of the firm’s total ETF flows globally, according to the analyst.

The Block·2024/04/24 14:52
Flash
20:16
Reuters: SpaceX's IPO Attracts Over $250 Billion in Investment Demand
BlockBeats News, June 10th - According to Reuters, Elon Musk's SpaceX IPO has attracted over $250 billion in investment demand, with an oversubscription ratio of 3.5 to 4 times, far exceeding its planned fundraising of $75 billion. Long-term funds have submitted large subscription orders, and Musk himself briefly attended part of the investor Zoom roadshow. SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended an institutional investor luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. The IPO pricing is expected to be finalized this Thursday afternoon. SpaceX's roadshow materials emphasize three major growth engines: Starlink, AI, and space data centers, with the company stating that the potential market size for its AI business could reach as high as $23 trillion. The company stated that by deploying data centers in space, it can overcome the capacity limitations of ground infrastructure and fill the US computing power gap. This IPO comes during a period of high market volatility, with the Nasdaq index recording its largest single-day drop in over a year on Friday, and Bitcoin having fallen 37% from its January peak. Some analysts believe that investors selling off other assets to participate in the SpaceX IPO may be one of the reasons for the recent market correction.
20:00
Goldman Sachs and Barclays Warn: Last Friday's Sharp Decline in US Stocks Should Not Be Dismissed as a One-Time Anomaly
On June 10, the trading departments of Barclays and Goldman Sachs issued a warning that last Friday's sell-off caught investors, accustomed to momentum stocks only going up, off guard. However, investors should not easily dismiss it as a one-time anomaly. Factors such as crowded positions, narrow market breadth, and the prospect of interest rates remaining high for an extended period make the US stock market more susceptible to sudden pullbacks. Goldman Sachs trader Lee Coppersmith and others wrote in a report to clients: 'These factors together create an environment where the impact of factor trading unwinding may be far more severe than the volatility levels indicated at the index level.' Alexander Altmann, head of global equity tactical strategy at Barclays, stated that following last Friday's sharp decline, volatility-controlled funds may need to reduce their US stock allocations by about 14 percentage points. This would represent the largest single-day de-risking operation since February 6.
17:04
「White-Haired Stock God」 List Plunges, Top Pick Stock SIVE Drops by 14.4%
BlockBeats News, June 10th, according to Bitget market data, the "White-Haired Stock God" Serenity's recommended stock list suffered a crash, with its heavy-weight recommended stock SIVE dropping by 14.4%; others including AXTI dropping by 15.2%, AEHR dropping by 10%, AAOI dropping by 17%, HPS.A dropping by 6.7%, SOI dropping by 10.4%, NVTS dropping by 13.8%, NBIS dropping by 6.5%.
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