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11:12
“Cry if you must, this doesn't even qualify as a masterpiece”: X Million-Word Champion Accused of Rugging in Crypto Circle Stays Unfazed
BlockBeats News, February 11th, Bubblemaps released analysis stating that X-Longform Contest million-dollar winner Beaverd had previously used a public address to issue over a dozen Meme tokens and made over $600,000 in profits. Among them, a token named SIAS plummeted to zero shortly after its issuance, and the official SIAS account was subsequently deactivated. Previously, its market value briefly soared to around $6 million, causing significant losses to users. SIAS was not the first Meme token that Beaverd pumped and dumped, as he had issued over a dozen tokens before that also went to zero. In response to Bubblemaps' tweet, Beaverd replied, "Cry all you want, this can't even be considered one of my top five masterpieces." Earlier on February 4th, the X platform officially announced the results of the Long-Form Content Creation Contest, with the million-dollar grand prize going to Beaverd (@beaverd). His winning entry was titled "Deloitte, a $740 Billion Cancer, Has Spread Across America," discussing the role of a major government consulting firm in federal and state IT systems. The article garnered 44.71 million views, 29,000 likes, and 7,700 retweets.
11:07
The transaction price structure shows that QXO Inc will pay $2 billion in cash and issue 13.2 million common shares to the seller.
It is worth noting that QXO Inc has reserved a special right in the agreement to repurchase these shares at a price of $40 per share. This clause provides the listed company with flexibility in its future equity structure, while also reflecting a high level of consensus between both parties regarding the valuation of the target asset. By adopting a payment method that combines cash and equity, the acquirer not only alleviates immediate funding pressure but also effectively controls the risk of equity dilution through the share repurchase mechanism. The repurchase price of $40 per share represents a significant premium over the current market price, demonstrating management’s confidence in the company’s long-term value.
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