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Deciphering Pendle Finance’s surge and the pop up of Notcoin
Cointime·2024/06/08 02:47
Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound
Cointelegraph·2024/06/08 02:31

XRP Price Prediction Amid Top 5 Profitability Ranking – What’s Next for XRP?
Cryptonews·2024/06/08 02:25

MetaDAO is making markets into its government
Plus, Andrew Tate has announced he wants to crash Solana
Blockworks·2024/06/08 00:46

Privacy coins sacrificed so crypto could run
Plus, is crypto regulation really worth it?
Blockworks·2024/06/08 00:46

FTX Creditors Rejected Bankruptcy Reorganization Plan
The objection argues that the reorganization plan ignores property rights issues and does not satisfy the best interest test.
Cryptopotato·2024/06/07 23:34

Bitcoin Price Prediction: Impact of MicroStrategy’s $7B Short Positions and NFP Data
Cryptonews·2024/06/07 23:28

Polkadot Can Target $10 Next, but Here’s the Catch (DOT Price Analysis)
Cryptopotato·2024/06/07 18:16

Bitcoin Suddenly Plummets Below $70K as Total Liquidations Near $200M
Bitcoin’s price tumbled below $70K as the majority of altcoins also plummet.
Cryptopotato·2024/06/07 18:16
Flash
07:05
Jensen Huang Meets Representatives of Two Major Korean Game Companies to Discuss AI Collaboration in Gaming On June 7, it was reported that NVIDIA CEO Jensen Huang met with KRAFTON founder and chairman Chang Byung-kyu and NCSOFT representative Kim Taek-jin at an internet cafe in the Gangnam district of Seoul. It is understood that Huang and Chang may have discussed humanoid robots and physical AI, as well as collaboration in the gaming sector based on NVIDIA's recently released AI laptop series 'RTX Spark.' KRAFTON has long collaborated with NVIDIA to develop AI features and integrate them into games. The partnership formed through gaming has also facilitated discussions on physical AI collaboration between the two parties. Senior executives from KRAFTON visited NVIDIA's headquarters in California last April to explore new generation technology collaboration directions, including robotics, with Huang. After concluding the meeting with KRAFTON executives, Huang moved to another nearby internet cafe to meet with Kim Taek-jin and other NCSOFT executives. Huang also engaged in a live-streamed discussion with Kim, exchanging views on the development direction of the gaming industry and AI technology.
06:01
Opinion: Single-Day Plunge Has Never Defeated the S&P 500, Bullish on Monday's Opening for a ReboundBlockBeats News, June 7th, Bull Theory released a market analysis stating that the approximately 2.6% drop in the S&P 500 on Friday triggered market panic. However, in the context of a 75-year historical perspective, this fluctuation doesn't even rank among the top 200 largest single-day declines. From 1949 to the present, the S&P 500 has weathered numerous true market crashes—such as the 1987 Black Monday with a single-day plunge of 20.47%, the 2020 COVID-19 collapse with an 11.98% drop, and the 2008 financial crisis with a 9.03% decline—but after each major drop, the index has continued to reach new highs, climbing from just a few points to over 5500 points. Friday's pullback is simply a normal "breather" within the bull market, representing a healthy digestion rather than a trend reversal.
In its history, the S&P 500 has survived through the bursting of the dot-com bubble, the 1998 Long-Term Capital Management collapse, debt ceiling crises, and Trump's tariff threats, among other multiple shocks, and its long-term uptrend has never been broken by a single-day crash. Last Friday was not doomsday; the S&P 500 always "survives" and moves higher after such events, and there is optimism for a rebound after Monday's opening.
05:43
Data: When the S&P 500 fell over 3% on Friday, there is a 70% probability of further downside on Monday.BlockBeats News, June 7th, Crypto Rover released data showing that since 1950, there have been a total of 184 occurrences where the S&P 500 Index fell by over 1.5% on a Friday. Following these instances, the following Monday saw an increase only 54% of the time. When the Friday drop exceeded 3%, the probability of a Monday decline was as high as 70%. With the S&P 500 falling by 2.65% this Friday, it is likely to face continued pressure at Monday's opening.
According to Bitget market data, US tech stocks plummeted last Friday, with the Dow Jones falling by 1.35% and the S&P 500 Index dropping by 2.65%, marking the largest single-day decline since October 2025.
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