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Bitget Hot Takes (April 08 - April 14, 2024) - All About Bitget
Bitget Academy·2024/04/15 13:46
Grayscale has transferred approximately 897 BTC to the CEX address today
Arkham·2024/04/15 13:34
Bitcoin mining CEOs remain 'upbeat' five days away from the halving, Bernstein says
Not a single public miner has outperformed bitcoin year-to-date in the run-up to the network’s latest halving event this week. However, CEOs at leading Bitcoin miners remain upbeat amid market share consolidation and new application opportunities, according to analysts at Bernstein.
The Block·2024/04/15 13:04
Solana Price: Can It Recover from Recent Struggles Before the Bitcoin Halving?
Coinedition·2024/04/15 12:58
Crypto funds see $126 million in weekly outflows; investors 'hesitant' amid price declines: CoinShares
Crypto investment products returned to net outflows last week, with $126 million exiting funds globally, according to CoinShares.These represent the first weekly outflows since the record $1 billion worth of outflows registered in the week ending March 22.
The Block·2024/04/15 11:49
Adidas partners with crypto fitness app Stepn, both NFTs and merch coming
The partnership between Stepn and Adidas will begin with an NFT collection. Physical merchandise is also planned, according Stepn.
The Block·2024/04/15 11:43
Bitcoin Jumps Above $66,000, Ethereum Rises 5% Following Weekend Massacre (Market Watch)
Bitcoin Cash has soared the most in the past 24 hours from the larger-cap alts.
Cryptopotato·2024/04/15 09:58
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 BillionBlockBeats 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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