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Bitcoin price gains alongside major stock indices after robust US jobs report
Bitcoin price gains alongside major stock indices after robust US jobs report

Bitcoin gained on Friday alongside major equity indices after robust jobs data signaled strength in the U.S. economy.However, the March figures could lead investors to adjust their bets regarding the timing of the U.S. Federal Reserve’s first rate cut of 2024.

The Block·2024/04/05 15:40
SushiSwap governance proposal suggests shifting DAO treasury assets to new Sushi Labs vault
SushiSwap governance proposal suggests shifting DAO treasury assets to new Sushi Labs vault

A SushiSwap governance proposal aims to transfer DAO treasury assets to a new entity called Sushi Labs. The move aims to accelerate protocol development, according to SushiSwap.

The Block·2024/04/05 14:28
Uniswap hits a historic $2 trillion in trading volume
Uniswap hits a historic $2 trillion in trading volume

Uniswap Labs announced trading volume for its protocol has surpassed $2 trillion. The most popular decentralized exchange, or DEX, in terms of trading volume, has continued to be one of Ethereum’s most dominant DeFi applications since being founded in 2018.

The Block·2024/04/05 14:10
Bitcoin’s Current 18% Retrace Is Right on Schedule and Is Actually Good News: Here’s Why
Bitcoin’s Current 18% Retrace Is Right on Schedule and Is Actually Good News: Here’s Why

This cycle has exhibited some qualities from both the 2016 and 2020 halvings and, as a result, may repeat some of their pre-halving price tendencies.

Cryptopotato·2024/04/05 12:43
Flash
16:01
Trump Threatens New Strike on Iran Today, US Stocks Extend Losses, Gold Plunges 3.54% intraday
BlockBeats News, June 10th, according to Bitget market data, after Trump threatened to take action against Iran again today, the US stock market saw a further decline. The Nasdaq fell by nearly 1.5%, the Dow Jones fell by 1.2%, and the SP 500 Index dropped by 0.94%. Spot gold continued its decline, falling by over $20 in the short term, a daily decline of 3.54%. WTI and Brent crude oil both saw a short-term increase of over $1, with an intraday increase of 2%, now trading at $90.78 per barrel and $92.77 per barrel, respectively.
15:39
trade.xyz has launched perpetual contracts for Western Data (WDC), with up to 10x leverage.
BlockBeats News, June 10th, according to official sources, trade.xyz has launched perpetual contracts for the U.S. stock storage sector stock Western Digital (WDC), with up to 10x leverage.
14:48
Sickle Slashes at Index Fund Investors: S&P Dow Jones Indicates SpaceX Eligible for Fast Inclusion in Some Indexes
BlockBeats News, June 10th. Just as the scythe was swung towards index fund investors and American retirement savings accounts, S&P Dow Jones Indices has just announced that SpaceX is eligible for rapid inclusion in certain indexes. However, compared to other index providers, S&P has already shown some convergence. In addition to S&P Dow Jones Indices, other independent index providers have also adjusted their rules for mega IPOs like SpaceX to be quickly included in their indexes. FTSE Russell recently implemented a new rapid entry mechanism, allowing eligible mega-cap companies (such as SpaceX) to be included in the Russell 1000/2000/3000 and FTSE Global Equity Index Series just 5 trading days after listing, mainly based on market capitalization thresholds. Furthermore, Nasdaq (especially Nasdaq 100) has also introduced new "rapid entry" rules, allowing mega IPOs like SpaceX to be included approximately 15 trading days after listing, forcing ETFs and funds tracking the Nasdaq 100 to buy a large number of shares in the short term. Recently, S&P Dow Jones Indices made minor rule adjustments to some of its broad market indexes, mainly relaxing the requirements for public float. These indexes include the S&P Total Market Index and Dow Jones U.S. Total Stock Market Index. After the adjustment, newly listed companies with low public float but large market capitalization, like SpaceX, can be included shortly after listing without the need to meet the strict 12-month listing and profitability thresholds of the S&P 500. Fortunately, S&P will maintain its existing eligibility requirements for major benchmark indexes like the S&P 500, rejecting the proposal to accelerate the rapid inclusion of mega-cap companies like SpaceX in the benchmark index after listing. There will be no shortening of the current 12-month "seasoning period" for new listings, nor exemptions based on company size from the existing profitability and public float requirements. This means that SpaceX will have to wait at least one year after listing to be included in the S&P 500.
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