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Daily crypto liquidations surge as bitcoin price retreats from $70,000 again
Daily crypto liquidations surge as bitcoin price retreats from $70,000 again

Bitcoin’s price briefly surpassed the $70,000 threshold; however, it quickly fell by 3.5% to around $67,000.The past day’s price fluctuations resulted in a spike in long crypto positions getting liquidated on centralized exchanges.Ether reached a new monthly peak of $3,937 before retracing to $3,710 at the time of writing.

The Block·2024/05/24 13:22
Here's why other cryptocurrencies may face a harder time getting their own ETFs
Here's why other cryptocurrencies may face a harder time getting their own ETFs

Yesterday, the SEC approved spot Ethereum ETFs from BlackRock, Fidelity, Grayscale and others.Attention has turned toward which cryptocurrencies could receive an ETF wrapper next, with Solana top of the speculative list.However, based on prior pathways and the SEC’s stance on some cryptocurrencies, spot ETFs beyond Bitcoin and Ethereum are unlikely to be happening anytime soon.

The Block·2024/05/24 11:50
Altcoin bounce is on the way
Altcoin bounce is on the way

Cryptodaily·2024/05/24 11:43
A list of important news on May 24
A list of important news on May 24

BlockBeats·2024/05/24 11:13
Flash
12:57
The U.S. inflation rate has reached a 3-year high, potentially reinforcing market expectations of a Fed rate hike later this year.
BlockBeats News, June 25th, the U.S. inflation rate for May surged to 4.1%, reaching the highest level in over three years, while consumer spending increased by 0.3%, demonstrating demand resilience. At the same time, first-quarter GDP was also revised up to 2.1%. Analysts pointed out that this stronger data is likely to enhance the market's expectation of the Federal Reserve raising interest rates later this year.
12:54
Buffett's Disciple Who Sold Micron: Semiconductor Stock Party Is Just Starting, Most People Should Be Buying the Index
BlockBeats News, June 25th. "Buffett Disciple," globally renowned value investor Mohnish Pabrai, who had built a position in Micron in 2017 and completely exited by September 2023, only making about double his investment; two years after his exit, Micron's stock price surged over 15-fold, resulting in a potential opportunity loss of around $20 billion. In his dealings with SK Hynix, he made a similar premature sell-off. On June 22nd, he revisited some of his most painful trading mistakes in an episode of a South Korean interview program called "Insider Info": "Very regrettable. I violated my own principles by selling off a company that I should have held forever." During the program, he advised ordinary investors: "More than 99% of people should directly buy index funds; if you cannot reasonably assess a stock's cash flow for 10-20 years, you should not buy individual stocks." At the same time, public information indicates that his current Q1 2026 portfolio is heavily invested in cyclical stocks (such as Warrior Met Coal and Transocean Ltd.). When the host asked, "What advice do you have for investors currently holding Korean semiconductor stocks," Pabrai responded without hesitation: "If you already hold them, don't sell. The party is just getting started."
12:44
Rosen Law Firm investigates Strategy over alleged securities misrepresentation
Rosen Law Firm announced an investigation into Strategy (MSTR), a company under Michael Saylor, and STRC regarding potential securities law claims. The law firm is assessing related investor losses and potential legal liabilities.
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