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Glassnode: Spot Bitcoin ETFs hold more than 850,000 TC in total, accounting for 4.3% of the circulation
Glassnode·2024/04/19 12:59
Is the 4th BTC Halving Priced In? JPMorgan Says Rally Unlikely
The traditional financial giant predicts a slump in Bitcoin price following the halving.
Dailycoin·2024/04/19 12:55
As the halving fast approaches, what’s next for Bitcoin miners?
Bitcoin’s halving event is currently estimated to occur at around 8:30 p.m. ET today. We asked several firms in the industry what impact Bitcoin’s fourth halving will have on miners as the block subsidy reward gets cut from 6.25 BTC to 3.125 BTC.
The Block·2024/04/19 11:40
Bitcoiners say the halving will trigger an 'immense supply shock' and is barely priced in
Bitcoin proponents argue the halving could have a big impact through the reduction of new supply. However, some say that this will have a minimal effect that will only impact some miners.
The Block·2024/04/19 10:46
Tether Treasury minted an additional 1 billion USDT on Ethereum (authorized but not yet issued)
Mars Finance·2024/04/19 10:28
Bitcoin bounces - Middle East tensions may now ease
Cryptodaily·2024/04/19 10:16
FundStrat: Crypto industry quarterly funding exceeds $2 billion for first time in nearly a year
Mars Finance·2024/04/19 09:43
Crypto liquidations spike in pre-halving market volatility
Market volatility has resulted in over $152 million in cryptocurrency liquidations over the past day.
The Block·2024/04/19 09:43
Galaxy Digital: Bitcoin halving, bullish or bearish?
BlockBeats-Article·2024/04/19 09:17
Flash
08:12
US Semiconductor Stocks Extend Pre-market Decline, ARM Falls Over 4%BlockBeats News, June 10th, according to Bitget data, pre-market trading of US semiconductor stocks continued to fall. ARM dropped over 4%, Micron Technology dropped over 3%, Marvell Technology dropped nearly 3%, Intel and AMD dropped over 2%, Broadcom dropped nearly 2%, NVIDIA and TSMC dropped over 1%.
07:52
CITIC Securities Maintains 'Buy' Rating on NVIDIA with Target Price of $315 On June 10, CITIC Securities maintained its 'Buy' rating on NVIDIA with a target price of $315, and also maintained its 'Overweight' rating on Broadcom with a target price of $525.
07:41
Goldman Sachs and Morgan Stanley Compete for Lead Underwriter Role in OpenAI and Anthropic IPO, Potential Revenue Exceeding $7 BillionBlockBeats News, June 10th, according to
Fortune
report, Goldman Sachs and Morgan Stanley are competing to be the lead underwriters for OpenAI and Anthropic's future IPO. Previously, Goldman Sachs has secured the lead underwriter position for the SpaceX IPO, scheduled for June 12th. The IPOs of OpenAI and Anthropic are both expected to raise at least $60 billion, totaling over $120 billion. University of Florida IPO expert Jay Ritter stated that the lead underwriter will determine how much IPO stock each fund receives, potentially providing significantly higher returns than other underwriters.
Ritter mentioned that institutional investors often pay substantial "soft dollars" to the lead underwriter to receive more IPO allocations, where trading commissions exceed the actual execution costs. If it is still uncertain whether Goldman Sachs or Morgan Stanley will secure the lead underwriting position for OpenAI and Anthropic, funds may allocate more trading commissions to both investment banks simultaneously to increase their chances of allocation.
Using the SpaceX IPO as an example, if the fundraising reaches $860 billion, the underwriting fee would be around $600 million. However, if the first-day share price rises by 20%, IPO investors' unrealized gains would exceed $17 billion. Ritter estimates that at least 30% of this amount, possibly around $5 billion, could flow back to the investment banks in the form of soft dollars, significantly surpassing the underwriting fee itself.
If both OpenAI and Anthropic companies rise by 20% on their debut days, investors' unrealized gains would reach $24 billion. Calculating based on the same ratio, the investment banks could receive over $7 billion in soft dollars, with most flowing to the lead underwriters. Currently, OpenAI and Anthropic have both secretly filed draft registration statements but have not yet confirmed their listing dates.
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