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1Bitget UEX Daily|Trump Advances US-Iran Deal Signing; US Stocks Semiconductor Surge, Oil Declines; SpaceX Lists Today2'Anarchistic neobanks' are bitcoin's next frontier, says Blockrise CEO3 Elon Musk fuels loan frenzy ahead of blockbuster SpaceX IPO
El Salvador’s Bitcoin experiment needs more than Bukele’s victory
Cointelegraph·2024/02/06 05:43

EigenLayer TVL rockets $1B after temporarily removing staking caps
Cointelegraph·2024/02/06 05:14

Glassnode: Tracking Market Momentum with On-chain Data
Glassnode insights·2024/02/06 04:22

Bitcoin Price Could See “Liftoff” if It’s Able to Hold One Crucial Level
Newsbtc-btc·2024/02/06 03:19

ENS enters partnership with domain giant GoDaddy to link DNS with .eth names
ENS and GoDaddy's innovative collaboration paves the way for a decentralized, user-centric internet.
Crypto Slate·2024/02/06 02:03

Grayscale CEO advocates for spot Bitcoin ETF options to gain approval
Michael Sonnenshein commented on currently pending applications.
Crypto Slate·2024/02/06 02:03

US handles 99% of global crypto product inflows as $708 million enters market
$703 million invested in Bitcoin ETPs with Solana second highest at $13 million.
Crypto Slate·2024/02/06 02:03

‘Substitution’ of gold for Bitcoin is now underway, says Cathie Wood
Cointelegraph·2024/02/06 00:12
Change of Heart: South Korea to Discuss Spot Bitcoin ETFs With US SEC (Report)
The South Korean government initially reaffirmed its commitment to maintaining the ban on crypto ETFs despite the SEC’s approval of them.
Cryptopotato·2024/02/05 23:40

Ripple ordered to turn over financial statements by judge
The SEC and Ripple have a discovery deadline of Feb. 12
Blockworks·2024/02/05 22:58
Flash
15:41
White-Haired Stock God: Technical Analysis is the Trader's Astrology, Stock Price Does Not Rise Due to "Golden Waterfall Candle" PatternBlockBeats News, June 14th, "White-Haired Stock God" Serenity responded firmly when asked about using technical analysis, stating: My opinion may disappoint many people. Technical Analysis (TA) is the astrology of traders, mainly used to confirm deviations and to exploit trader psychology to find entry points. It can help you understand what other retail investors and traders are thinking and believing at the moment, but it cannot reliably predict a stock's true upside potential. Serenity gave examples, stating that the previous surge in SPCE was not because of a "Space Comet Rocket Candle" appearing on the chart, but because the market was pricing in the future revenue of companies like JBL and AMD; similarly, AXTI's 8000% spike was not due to a "Golden Waterfall Candle Signal," but driven by fundamental factors such as indium phosphide substrates, export controls, and photonics demand.
Serenity emphasized that the correct research approach should focus on thematic correlations (such as the relationship between LITE and AAOI), news catalysts, forward-looking revenue projections, macro events, financial reports, float dynamics, and game theory. Through these, a reasonable market value for a company can be derived. Technical analysis is only suitable for assisting in finding entry points and risk management. It should never be used to determine where a stock will ultimately go.
Using IREN as an example, Serenity pointed out that many people drew chart patterns indicating a price of over $120, but in reality, the company needs to absorb a $6 billion ATM offering first. These technical chart patterns are essentially useless. Fundamentals, catalysts, and thematic research determine the direction. Relying solely on technical analysis can easily lead to a crash in current sectors such as AI and semiconductors.
14:28
The USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.BlockBeats News, June 14th, according to Whale monitoring, the USDC Treasury minted an additional 250 million USDC on the Solana blockchain 2 minutes ago.
13:38
A Whale Liquidated a $39.03 Million ETH Short Position, Holding It for Only 18 HoursBlockBeats News, June 14th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), a whale shorted $39.03 million worth of ETH, closed the position for a profit after only 18 hours, and made $184,000.
Address 0xa2e…f1468 has closed a short position of 23,200 ETH, with an opening price of $1680.8 and a closing price of $1672.9.
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