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Bitget Contract Market Update
Bitget Contract Market Update

Bitget·2024/07/02 05:03
Bitcoin miner Northern Data mulls US IPO of AI unit as early as 2025: report
Bitcoin miner Northern Data mulls US IPO of AI unit as early as 2025: report

Quick Take Northern Data AG is consulting potential advisers for an initial public offering in the U.S., Bloomberg reported. The company’s expected value ranges from $10 billion to $16 billion.

The Block·2024/07/02 04:13
Ethereum Suffers $61M Outflows, Worst Performance Since August 2022
Ethereum Suffers $61M Outflows, Worst Performance Since August 2022

Ethereum experienced the largest outflows since August 2022, as per CoinShares.

Cryptopotato·2024/07/02 03:43
Polkadot spent $37M on marketing – It was NOT worth it
Polkadot spent $37M on marketing – It was NOT worth it

Share link:In this post: Polkadot spent $37 million on marketing in the first half of the year, sparking community outrage. The $37 million included sponsorships, influencer marketing, and events, but failed to yield expected results. Its cash and assets total $188 million, projected to last another two years at the current spending rate.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. W

Cryptopolitan·2024/07/02 02:40
Flash
15:15
Renowned trader Technorevenant still holds 80 million XPL, with his unrealized loss reduced to $86.6 million.
BlockBeats News, June 17th, according to MLM Monitor, 8 months later, renowned trader Technorevenant still holds all of his 80 million XPL purchased a few days after the XPL TGE, worth $9.2 million, representing 0.8% of the total supply. With the XPL price rising in the past few days, his unrealized loss has narrowed from about $91 million at the recent bottom to $86.6 million.
14:58
Grayscale: Aave protocol revenue has increased over 6.6 times in the past three years, current AAVE valuation is conservative
According to ChainCatcher, Grayscale Research's latest report shows that as the leading protocol in the DeFi lending sector, the reasonable valuation range of the current AAVE token is $80–$100. The report points out that Aave's protocol revenue grew by more than 6.6 times from 2023 to 2025, with the current operating profit margin at about 50%, and there is still room for further improvement as it scales. The Aave DAO treasury once reached as high as $360 million, providing sufficient capital for the protocol's development. Grayscale believes that at its current price of around $75, AAVE only implies an annualized earnings growth of about 9% over the next 10 years, which is relatively conservative. If Aave achieves 25% annualized earnings growth, the corresponding price could reach $227; if it reaches 35%, the price could go up to $444. However, the report also emphasizes that Aave's future performance will still depend on the competitive landscape of DeFi lending, regulatory clarity, and the advancement of stablecoin and RWA tokenization businesses.
14:57
SpaceX's decline widens to 5%
Jinse Finance reported on June 17 that SpaceX's decline has expanded to 5%.
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