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Cathie Wood’s Ark Invest offloaded $45 million worth of Coinbase shares last week
Cathie Wood’s Ark Invest offloaded $45 million worth of Coinbase shares last week

Cathie Wood’s Ark Invest offloaded 217,305 Coinbase shares last week — valued at nearly $45 million as of market close on Friday.Ark also sold $11.4 million worth of Robinhood shares over the same period.

The Block·2024/03/04 09:28
Trading certain crypto assets on secondary markets are securities transactions, US court rules
Trading certain crypto assets on secondary markets are securities transactions, US court rules

Quick Take: A U.S. court ruled that the trading of certain crypto assets on secondary markets are securities transactions. The ruling comes in an insider-trading case against former Coinbase product manager Ishan Wahi, brother Nikhil Wahi and friend Sameer Ramani.

The Block·2024/03/04 08:41
Bitcoin Ordinals, Milady Maker interest surges as optimism seeps into select NFT projects
Bitcoin Ordinals, Milady Maker interest surges as optimism seeps into select NFT projects

The trading volume of Bitcoin Ordinals hit over $51 million — levels not seen since December 2023.Milady Maker has seen a 24-hour sales increase of roughly 240%, with transaction count at a similar level.

The Block·2024/03/04 07:34
EigenLayer’s total value locked surpasses $10 billion
EigenLayer’s total value locked surpasses $10 billion

Quick Take: The surge in EigenLayer’s total value locked (TVL) is attributed to continuous ether deposits and the rise in ether’s price. Assets deposited to EigenLayer have increased from $1.1 billion to $10 billion year-to-date.

The Block·2024/03/04 04:25
Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high
Bitcoin price climbs above $64,000 briefly, BTC futures open interest hits all-time high

Bitcoin price briefly hit above $64,000 on Monday in Asia, according to The Block’s Price Page.Bitcoin futures open interest hit its all-time high while spot ETFs continued to boom.

The Block·2024/03/04 02:46
Flash
09:46
A certain whale has opened a $52 million short position, becoming the largest BTC bear on Hyperliquid.
BlockBeats News, June 9th, according to Hyperinsight monitoring, the largest short position on BTC on Hyperliquid today was observed. The whale opened a short position with 20x leverage, shorting 831.4 BTC, with a value of approximately $52 million, at an average price of $62,675 and a liquidation price of $69,909. However, this whale is not a long-term bear. They engage in quick trades on BTC and ETH, achieving a 9-game winning streak and a weekly profit of $710,000. Address: 0x50b309f78e774a756a2230e1769729094cac9f20
08:49
Goldman Sachs Raises Micron's Price Target from $400 to $900
BlockBeats News, June 9th. Goldman Sachs released a report stating that they expect continued market tightness to drive Micron's performance significantly above market consensus and company guidance. The firm had previously raised the overall industry outlook and anticipates the tightness to persist throughout the 2027 fiscal year, bringing higher pricing and profit margins to the industry. Considering the significant stock price increase and the market's optimistic view on long-term customer agreements, investors remain very bullish on the stock. Goldman Sachs expects Micron's third-quarter revenue at the end of May to be about 9% higher than market consensus, and driven by pricing tailwinds, they anticipate significant sequential revenue growth for the quarter ending in late August. The firm forecasts last quarter's revenue, gross margin, and earnings per share to be $37.6 billion, 83.4%, and $22.07, respectively, compared to market consensus of $34.4 billion, 81.9%, and $19.74. For the 2026 fiscal year, the firm's revenue and EPS estimates for Micron are 30% and 36% higher than the market consensus. Goldman Sachs has raised Micron's price target from $400 to $900 and maintains a "Neutral" rating.
08:44
Revolut has officially launched Pendle
BlockBeats News, June 9th, according to an official announcement from Pendle, Europe's largest fintech company Revolut has officially launched Pendle. Currently, around 20 million crypto users in the UK, EU, Norway, Iceland, and Liechtenstein can directly access Pendle through their everyday banking app to trade within regulated channels without the need for a DeFi front end.
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