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16:45
Fundstrat purchased 51,200 ETH last week
Fundstrat's BitMNR purchased 51,200 ETH last week for $98 million, and now holds a total of 4.42 million ETH, accounting for approximately 3.66% of Ethereum's supply. (CoinDesk)
16:39
Emerging markets ETFs attract inflows for the 18th consecutive week
This type of ETF has recorded capital inflows for 18 consecutive weeks. According to data compiled by Bloomberg, for the week ending February 20, US-listed emerging market ETFs investing in multiple emerging market countries or specific countries recorded a total capital inflow of $2.61 billion, compared to $3.98 billion the previous week. Year-to-date, total capital inflows have reached $32.7 billion. Equity ETFs saw inflows of $2.52 billion, while bond ETFs recorded inflows of $85 million; total assets increased from $500.8 billion to $511.0 billion. Expand
16:37
Share price plummets, market value evaporates by nearly half, Paypal attracts potential acquirers' interest
Gelonghui, February 24th | According to sources, Paypal (PYPL.US) is attracting acquisition interest from potential buyers after its stock price plummeted, wiping out nearly half of its market value. Sources said that the California-based company has already met with several banks among the interested parties it has proactively approached. At least one major competitor is considering a full acquisition, while some other interested parties are only interested in certain Paypal assets. The sources cautioned that acquisition intentions are still at a preliminary stage and a deal may not necessarily be reached. Founded in the late 1990s, Paypal is a pioneer in the digital payments sector. However, the company is currently facing difficulties, as its customers are increasingly turning to other payment methods. Over the past 12 months, Paypal's stock price has fallen by about 46%, and the company's market value is approximately $38.4 billion. Paypal triggered a circuit breaker during intraday trading, but trading has now resumed and the stock's gain has expanded to 8%.
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