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Three Things That Could Influence Crypto Markets This Week
Three Things That Could Influence Crypto Markets This Week

This week’s United States economic calendar is not as eventful as previous weeks. However, crypto market momentum has shifted, and it could be given an additional boost.

Cryptopotato·2024/07/15 14:23
Ripple v SEC Lawsuit: One Year Anniversary Since the Company’s Biggest Partial Court Win
Ripple v SEC Lawsuit: One Year Anniversary Since the Company’s Biggest Partial Court Win

Check out some of the major developments surrounding the Ripple v SEC case in the past year.

Cryptopotato·2024/07/15 12:37
Flash
21:30
On Thursday, June 18, the US stock market storage chip and hardware supply chain index rose by 6.29% to 266.26 points, surpassing the previous closing all-time high of 253.05 points set on June 15.
All component stocks rose across the board: SanDisk closed up 11.54%, hitting a new all-time high at the close after two trading days; Micron Technology gained 8.70%, also setting a new closing record within two days; Rambus rose 8.51%; Teradyne increased by 7.19%; Western Digital climbed 4.79%, marking a new closing record for four consecutive days with a total increase of 52.27% since June 11; Applied Materials was up 4.08%, Lam Research gained 3.97%, and Seagate Technology rose 0.39%, each also reaching new highs for four consecutive days.
21:17
According to documents submitted to the U.S. Securities and Exchange Commission (SEC), biopharmaceutical company MapLight Therapeutics, Inc. announced that its Chief Financial Officer Vishwas Setia has resigned with immediate effect as of June 18, 2026.
The document shows that Setia's resignation will take effect immediately from June 18, 2026. Currently, the company has not announced a succession plan for the Chief Financial Officer position. This personnel change was disclosed through an official SEC filing, marking a significant adjustment in the company's management team.
21:16
According to the latest filing with the SEC, the special purpose acquisition company (SPAC) Bayview Acquisition Corp has taken action to further extend the deadline for completing its initial business combination.
The company announced that it has deposited $50,000 into the trust account, thereby postponing the final date to complete the key transaction to July 19, 2026. This move gives Bayview Acquisition Corp more time to seek out and finalize suitable merger targets. According to the common structure of SPACs, such deposits are typically made to fulfill charter provisions regarding extensions, aiming to create long-term value for shareholders while ensuring the company has ample opportunity to execute its business plan. This extension demonstrates that the company's management is still actively pursuing potential partnership opportunities. Market participants will continue to keep an eye on the company's subsequent merger and acquisition developments as well as any progress that could affect shareholder interests.
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