News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.
Fantom plans to leverage Sonic to build a 'shared sequencer' for other blockchains
Quick Take Fantom Foundation is preparing to launch Sonic, its next iteration after Opera. Sonic aims to process 2,000 transactions per second with sub-second finality and is expected to debut in late summer or early fall. It is planned to serve as a shared sequencer for Layer 1 and Layer 2 chains, aiming to process large volume of transactions.
The Block·2024/03/26 05:26
DEGEN and AERO hit record highs one after another. Is the Base season really coming this time?
BlockBeats-Article·2024/03/26 03:27
Is Bitcoin’s pre-halving retrace over? 52K BTC accumulated on Sunday alone
Cointelegraph·2024/03/26 03:06
Bitcoin returns to $70,000, is this correction over?
BlockBeats-Article·2024/03/26 02:57
This Is Where We Are In The Bitcoin Cycle Based On History
Bitcoin’s current bull market is right on track with its 2017 to 2021 trend, according to Glassnode.
Cryptopotato·2024/03/26 01:25
GameFi sector surges: YGG rises 40% in 24 hours
Bitget·2024/03/26 01:10
Grayscale sees Ether ETF approvals despite SEC ‘lack of engagement’
Cointelegraph·2024/03/26 00:08
Flash
12:03
Barclays expects the S&P 500 to experience a cumulative pullback of approximately 6 to 7%, as leveraged ETF passive rebalancing is triggering a feedback loop of volatility.BlockBeats News, June 10th, Barclays Global Stock Tactical Strategy Director Alex Altmann stated in a podcast that he has shifted his view on the U.S. stock market to short-term tactical caution. Alex Altmann insisted on a bullish view against the trend in September last year and called for holding positions even when the Iran conflict broke out in March this year, both of which were eventually validated. However, what triggered his current shift was the accumulation of multiple signals in the past two weeks: the significant rise in financing costs has pushed up real yields, compressing stock valuation multiples; retail investors' enthusiasm levels are sometimes even higher than in 2021, when they were in a deep negative real interest rate environment, whereas now it is a positive real interest rate environment; there is almost no short interest on the institutional side. Alex Altmann pointed out: when enthusiasm reaches such a level, the forward-looking return curve of the S&P 500 no longer looks attractive.
Altmann has particular concerns about leveraged ETFs, as these products, through daily rebalancing, may drive disproportionate stock trading volume through underlying channels, creating a self-reinforcing spiral of ups and downs, a phenomenon that has been playing out continuously in the past few weeks. The resurgence of momentum trading makes crowded positions highly vulnerable to sharp pullbacks triggered by minor position adjustments or narrative shifts. Altmann expects the S&P 500 to experience a cumulative pullback of about 6% to 7%, with the recent decline considered to have completed over half of the process. If a re-entry into a bullish position is desired, he hopes to see further stock price declines to squeeze out the euphoria, for large IPOs to be well absorbed by the market, and for real yields to fall. If the new Fed chairman can verbally suppress real yields and provide reassurance, it will also be a tailwind for the market.
11:52
A certain whale went long on BTC with 5x leverage, with a position worth $49.55 million.BlockBeats News, June 10th, according to OnchainLens monitoring, the whale "0xebe" previously incurred a loss of over $3.4 million in a Bitcoin long position. Today, they once again opened a 5x leveraged long position with 812.46 BTC, worth $49.55 million, and are currently facing an unrealized loss of over $260,000.
11:44
Franklin Templeton to Participate in SpaceX IPOBlockBeats News, June 10th, Franklin Templeton's CEO stated that the company will participate in the SpaceX IPO.
News