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Stay up to date on the latest crypto trends with our expert, in-depth coverage.
FET, AGIX and OCEAN token merger proposal approved by community vote
ChainCatcher·2024/04/16 13:02
DEX Drift on Solana plans to airdrop 100 million DRIFT tokens
·2024/04/16 13:00
Solana DEX Drift set to airdrop 100 million tokens to users
Drift, a Solana-based DEX protocol, is set to launch its token and airdrop 100 million DRIFT tokens to users. The token launch and airdrop are expected to occur in the coming weeks, Drift co-founder Cindy Leow told The Block.
The Block·2024/04/16 12:25
Bitcoin Drops 10% Weekly But Big Players Stay in the Game
The data indicates a clear trend of accumulation among large Bitcoin holders.
Cryptopotato·2024/04/16 12:13
Blue chip altcoins Render (RNDR) and Injective (INJ) down 50%+ - time to buy?
Cryptodaily·2024/04/16 11:58
Parcl (PRCL): Revolutionizing Real Estate Synthetics with Perpetual Trading
Bitget Academy·2024/04/16 11:26
Current actions of bitcoin holders mirror December 2020, suggesting possible growth phase: Bitfinex analysts
Bitcoin supply on exchanges by long-term investors has fallen to its lowest levels in 18 months, Bitfinex analysts said.Coupled with the supply constraint from the upcoming halving, this dynamic could lead to further price growth, the analysts added.
The Block·2024/04/16 11:25
Bitcoin halving will lead to more sustainable BTC mining: Report
The block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources, turning the grid more sustainable.
Cointelegraph·2024/04/16 10:59
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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