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Bored Apes' floor price hits lowest point since 2021, down more than 90% from all-time high
Bored Apes' floor price hits lowest point since 2021, down more than 90% from all-time high

Powerhouse web3 brand Bored Ape Yacht Club has seen the floor price for its once-celebrated NFTs reach its lowest point since August 2021. The floor price has declined by more than 90% from its all-time high, which it hit almost exactly two years ago.

The Block·2024/04/16 01:43
Germany’s Largest Bank to Offer Crypto Custody Arena with Bitpanda
Germany’s Largest Bank to Offer Crypto Custody Arena with Bitpanda

LBBW’s crypto custody offering is expected to launch in the second half of 2024.

Cryptopotato·2024/04/15 23:58
Bitcoin ETF snapshot: Outflows strike last week as BTC price uptrend stalls
Bitcoin ETF snapshot: Outflows strike last week as BTC price uptrend stalls

The US spot bitcoin fund category has notched negative net flows over the course of a week just three times since coming to market in January

Blockworks·2024/04/15 21:19
Ethereum validator queue hits highest level since September 2023
Ethereum validator queue hits highest level since September 2023

EigenLayer recently launched on the Ethereum mainnet. One of the main ways to get into EigenLayer is to contribute to securing Ethereum. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/04/15 20:40
Uniswap volumes approach $3 billion despite Wells Notice
Uniswap volumes approach $3 billion despite Wells Notice

Uniswap crossed the $2 trillion mark in total trading volume on April 5. Uniswap daily volumes climbed over the weekend and continually hit the $3 billion threshold.

The Block·2024/04/15 19:28
Why Another Bitcoin Price Dump Is Still Likely: CryptoQuant
Why Another Bitcoin Price Dump Is Still Likely: CryptoQuant

Bitcoin funding rates are still highly elevated compared to historical averages, and large retail profit taking could indicate a local top.

Cryptopotato·2024/04/15 18:43
Flash
08:12
US Semiconductor Stocks Extend Pre-market Decline, ARM Falls Over 4%
BlockBeats News, June 10th, according to Bitget data, pre-market trading of US semiconductor stocks continued to fall. ARM dropped over 4%, Micron Technology dropped over 3%, Marvell Technology dropped nearly 3%, Intel and AMD dropped over 2%, Broadcom dropped nearly 2%, NVIDIA and TSMC dropped over 1%.
07:52
CITIC Securities Maintains 'Buy' Rating on NVIDIA with Target Price of $315
On June 10, CITIC Securities maintained its 'Buy' rating on NVIDIA with a target price of $315, and also maintained its 'Overweight' rating on Broadcom with a target price of $525.
07:41
Goldman Sachs and Morgan Stanley Compete for Lead Underwriter Role in OpenAI and Anthropic IPO, Potential Revenue Exceeding $7 Billion
BlockBeats News, June 10th, according to Fortune report, Goldman Sachs and Morgan Stanley are competing to be the lead underwriters for OpenAI and Anthropic's future IPO. Previously, Goldman Sachs has secured the lead underwriter position for the SpaceX IPO, scheduled for June 12th. The IPOs of OpenAI and Anthropic are both expected to raise at least $60 billion, totaling over $120 billion. University of Florida IPO expert Jay Ritter stated that the lead underwriter will determine how much IPO stock each fund receives, potentially providing significantly higher returns than other underwriters. Ritter mentioned that institutional investors often pay substantial "soft dollars" to the lead underwriter to receive more IPO allocations, where trading commissions exceed the actual execution costs. If it is still uncertain whether Goldman Sachs or Morgan Stanley will secure the lead underwriting position for OpenAI and Anthropic, funds may allocate more trading commissions to both investment banks simultaneously to increase their chances of allocation. Using the SpaceX IPO as an example, if the fundraising reaches $860 billion, the underwriting fee would be around $600 million. However, if the first-day share price rises by 20%, IPO investors' unrealized gains would exceed $17 billion. Ritter estimates that at least 30% of this amount, possibly around $5 billion, could flow back to the investment banks in the form of soft dollars, significantly surpassing the underwriting fee itself. If both OpenAI and Anthropic companies rise by 20% on their debut days, investors' unrealized gains would reach $24 billion. Calculating based on the same ratio, the investment banks could receive over $7 billion in soft dollars, with most flowing to the lead underwriters. Currently, OpenAI and Anthropic have both secretly filed draft registration statements but have not yet confirmed their listing dates.
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