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Attacks on Bitcoin and Ethereum now 'economically unfeasible': research
Attacks on Bitcoin and Ethereum now 'economically unfeasible': research

Quick Take According to a research report, the theoretical costs associated with successfully attacking Bitcoin or Ethereum far outweigh the benefits.

The Block·2024/02/16 08:26
Market Update – 16 Feb 24
Market Update – 16 Feb 24

QCP Capital·2024/02/16 07:55
Aptos and Jambo partner to empower emerging markets via web3 phone
Aptos and Jambo partner to empower emerging markets via web3 phone

Quick Take The two aim to educate emerging economies on web3 via Jambo’s affordable blockchain smartphone device.

The Block·2024/02/16 07:49
Uniswap Announces V4 Upgrade and Launch But Its ‘Hooks’ Raise Questions
Uniswap Announces V4 Upgrade and Launch But Its ‘Hooks’ Raise Questions

The Uniswap Foundation has revealed that the highly-anticipated version 4 of the decentralized exchange will likely launch in Q3, of 2024.

Cryptopotato·2024/02/16 07:46
Flash
09:55
"White-Haired Stock God" celebrates IQE surge: Disclosed AI supply chain connection in February, another major positive news today
BlockBeats News, June 15, "White-Haired Stock God" Serenity posted to celebrate that IQE surged by 16.5% today, with a 925.24% increase since February. He also referenced a past analysis of IQE from February with the phrase "you're welcome." Google TPU procures optical devices from Lumentum (LITE), Lumentum purchases epitaxial wafers from IQE, and AXTI is IQE’s upstream substrate supplier. Serenity pointed out that the bill of materials for ultra-large-scale data center ASICs is extremely confidential, but it is possible to deduce the real positioning of each company through this multi-level supply chain relationship, which most people tend to overlook. At that time, IQE shares were only around 12.2 pence. Today, IQE announced the signing of a multi-year indium phosphide (InP) epitaxial wafer supply agreement with Tower Semiconductor (TSEM), for optical connectivity solutions in AI data centers. This news was regarded as a major positive by the market, and IQE’s stock price soared, now reaching around 52.8 pence, with a year-to-date gain of more than 900% from the February low.
09:53
The US dollar remains resilient with a 68% probability of an interest rate hike in December; UniCredit warns that rebound risks persist
⑴ UniCredit Research strategists stated that after the temporary peace agreement between the US and Iran was reached, the market lowered but did not completely eliminate expectations of a Federal Reserve rate hike, which has limited the decline of the US dollar. ⑵ According to institutional data, the market sees a 68% probability of a 25 basis point rate hike in December and fully reflects expectations of action by March next year. ⑶ Strategists pointed out in a report that a rate hike is still possible, which would make the decline of the US dollar appear less drastic compared to the movements of other assets such as oil prices. ⑷ The agreement is only temporary and lays the foundation for a new round of 60-day negotiations on the fate of Iran’s nuclear program. On Monday, the DXY US Dollar Index fell 0.2% to 99.517.
09:46
Copper mining stocks surge pre-market as London copper prices hit $13,767; US-Iran ceasefire sparks resource rally
(1) The London Metal Exchange benchmark copper contract CMCU3 rose 0.5% on Monday to $13,767 per ton, as the US and Iran reached a framework agreement to end the conflict and reopen the Strait of Hormuz, easing concerns over energy-driven inflation and pressing down the US dollar. (2) Shares of global mining giants listed in the US rose accordingly, with Rio Tinto up 1% and BHP up 1.2%. (3) Copper miners Southern Copper and Freeport-McMoRan each gained 3.8%, showing a stronger performance. (4) Canadian miners led the gains, with Hudbay Minerals soaring 4.8%, Ero Copper rising 3.2%, and Teck Resources up 4%.
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