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China forms metaverse working group with Huawei, Tencent, Ant Group and others
China forms metaverse working group with Huawei, Tencent, Ant Group and others

Quick Take The country’s top industrial authority said that working group members include those from Chinese tech giants such as Huawei, Ant Group, Tencent and Baidu.

The Block·2024/01/19 06:41
Ethereum’s $2,450 Tail Low – Anticipating a Rebound or Volatility Surge?
Ethereum’s $2,450 Tail Low – Anticipating a Rebound or Volatility Surge?

Should Ethereum fall below $2,450 but promptly recover, a bounce is likely, whereas a failure to recover may indicate a shift in sentiment and increased downside volatility.

Cryptopotato·2024/01/19 06:04
Op-ed: A crypto workforce is the key to Argentina’s economic recovery
Op-ed: A crypto workforce is the key to Argentina’s economic recovery

President Milei's crypto reforms set to catalyze Argentina's economic rebound.

Crypto Slate·2024/01/19 05:02
Glitch in upgrade of Ethereum Goerli testnet won’t delay Dencun rollout
Glitch in upgrade of Ethereum Goerli testnet won’t delay Dencun rollout

The EIP-4844 upgrade is alive and well on the Goerli testnet after a rough first few hours

Blockworks·2024/01/19 01:43
Is MicroStrategy stock better than a spot bitcoin ETF?
Is MicroStrategy stock better than a spot bitcoin ETF?

With spot bitcoin funds live, the premium at which MicroStrategy stock trades relative to BTC will compress, but not disappear, TD Cowen analysts say

Blockworks·2024/01/19 01:40
Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B
Tether’s Bitcoin wallet swells to 66,400 BTC, tallying up unrealized gains of over $1B

An address potentially belonging to the stablecoin issuer sits on an unrealized profit of more than $1 billion.

Crypto Slate·2024/01/19 01:08
Flash
16:10
Veteran Short Seller Chanos Claims SpaceX IPO Supported by 'Hope and Dreams', Valuation Hard to Justify
On June 12, veteran short seller James Chanos stated that the highly anticipated IPO of SpaceX is driven more by investor enthusiasm for Elon Musk and artificial intelligence rather than financial fundamentals. He believes it is difficult to justify the company's valuation based on any reasonable business assumptions. The founder of Chanos & Co. remarked that as investors pour money into speculative growth narratives, this deal represents a key test of market sentiment ahead of SpaceX's much-watched IPO. Speaking at the iConnections Global Alts conference in New York, Chanos said, 'We are looking at a $75 billion IPO with a valuation close to $2 trillion, while the company's revenue is $19 billion and free cash flow is negative. This is indeed an IPO supported by hope and dreams.'
15:56
CME FedWatch: Fed Rate Hike Probability Reaches 69%
BlockBeats News, June 11th, according to CME's "FedWatch" data, the probability of a Fed rate hike this year is 69%, with a 43.4% probability of a 25 basis point hike, a 21.2% probability of a 50 basis point hike, a 4.1% probability of a 75 basis point hike, and a 0.3% probability of a 100 basis point hike.
15:50
SpaceX IPO Attracts $5 Billion Blackstone Anchor Order
BlockBeats News, June 11th, according to sources, the SpaceX IPO has attracted at least a $5 billion subscription order from Blackstone.
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