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MPU stock price has increased by 55.32% since the beginning of the year, with the highest price touching US$2.29.

MPU stock price has increased by 55.32% since the beginning of the year, with the highest price touching US$2.29.

CointimeCointime2024/01/11 10:42
By:Cointime

According to the US stock market data, Mega Matrix (NYSE American: MPU), a company listed on the New York Stock Exchange, rose on January 10th with the highest price reaching $2.29 and the closing price at $2.19, a surge of 28.82%. Since the beginning of this year, MPU has risen by 55.32%.

On January 10th, the US Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs, which is considered a milestone event in the cryptocurrency industry and has boosted the overall cryptocurrency market. MPU has deeply laid out its business in the cryptocurrency industry. In December last year, MarProtocol, a non-custodial node staking platform invested by Mega Matrix Corp, deployed more than 430 Ethereum staking nodes with a total stake of over 14,000 ETH and a market value of nearly $40 million. MarProtocol provides one-stop POS node deployment and operation services for institutional users and has established deep cooperation with many institutions such as SSV, Obol, and OpenBlock.

Some industry insiders believe that after the approval of Bitcoin ETFs, the market's expectation for Ethereum ETFs will rise, and the future market hotspot may shift to Ethereum. The business volume of platforms that provide ETH staking services, such as MarProtocol, may increase significantly.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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