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Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight
Bitget’s BGB Surges to All-Time High, $4 Price Target in Sight

Bitget’s BGB surged to a record $3.65, powered by bullish sentiment following its BSP license approval. A $4 price target is within reach if momentum holds.

BeInCrypto·2024/12/17 01:09
MicroStrategy's $46 Billion Bitcoin Bet: A Double-Edged Sword for the Market
MicroStrategy's $46 Billion Bitcoin Bet: A Double-Edged Sword for the Market

MicroStrategy’s 439,000 BTC stash showcases bold corporate adoption, but its concentration raises concerns about decentralization and market stability.

BeInCrypto·2024/12/16 20:15
With MicroStrategy joining the Nasdaq 100, analysts weigh what's next for the corporate bitcoin holder
With MicroStrategy joining the Nasdaq 100, analysts weigh what's next for the corporate bitcoin holder

MicroStrategy will enter the Nasdaq 100 on Dec. 23, 2024, the exchange confirmed late Friday night.Analysts view this as a bullish sign for the stock and debate when the corporate bitcoin holder could join the S&P 500.

The Block·2024/12/16 20:00
Flash
  • 09:54
    Data: The total locked-in value of Ethereum L2 has dropped to 46.79 billion US dollars, with a decrease of 13.2% in the last 7 days
    According to L2BEAT data, the total value locked (TVL) in Ethereum Layer2 ecosystem has dropped to 46.79 billion US dollars, with a 7-day decline of 13.2%. The top five are:   Arbitrum One (19.18 billion US dollars, 7-day drop of 9.96%);   Base (12.91 billion US dollars, 7-day drop of 11.4%);   OP Mainnet (7.17 billion US dollars, 7-day drop of 17.9%);   Blast (1.21 billion US dollars, a seven day decrease of 17.7%);   ZKsync Era (1.09 billion US dollars, a seven day decrease of 19.9%).
  • 09:25
    Lido releases Ethereum staking SDK, supporting cross-chain staking function integration
    Lido announces the launch of an Ethereum staking SDK, a TypeScript tool library for building off-chain integrations. This SDK allows developers to seamlessly integrate Lido's staking features into off-chain applications, providing core functions such as staking, reward tracking, withdrawal and wrapping. The newly released SDK has multi-chain support features that allow for non-cross-chain staking/unstaking operations on networks like OP Mainnet. The toolkit includes pre-built methods and complete documentation suitable for developing DeFi protocols, dashboards or new types of staking products.
  • 09:22
    Morgan Stanley's Chief Investment Officer: Market breadth collapse signals liquidity turning point, suggests sticking to high-quality strategies
    According to reports, Morgan Stanley's Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson has expressed his latest views. He pointed out that the breadth of the U.S. stock market in December hit a historic low, synchronizing with the breakthrough of the 10-year U.S. bond yield threshold at 4.5%, indicating that the Federal Reserve may not be able to provide the expected easing policy. Wilson analyzed that the current market breadth is decoupled from prices, similar to 1999, mainly due to ample liquidity. With reverse repurchase (RRP) shrinking from its peak of $2.5 trillion and possible minor rate cuts by Fed, there might be a tightening of liquidity in early 2024. He suggested investors continue focusing on high-quality stocks as no-profit growth stocks and low-quality cyclical stocks could face significant impact. Wilson stated that due to lack of mean reversion over past years, investors are more inclined to track price trends leading to extreme concentration in markets; "quality" factor has become widely used as a stock selection criterion.
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