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Bitcoin downside pressure limited as GBTC profit-taking mostly concluded: JPMorgan
JPMorgan analysts expect limited further downside for bitcoin as profit-taking in GBTC has largely concluded.Despite the optimistic outlook, the analysts warn that GBTC could experience ongoing outflows unless it reduces fees in the near future.
The Block·2024/01/25 16:53
Bankers switching to crypto careers for higher salaries and industry growth
Salaries in crypto startups are almost double those of banking comparable positions, Bitget explained.
Crypto Slate·2024/01/25 15:33
The Great Speculative Exodus to Web3 Social
Cointime·2024/01/25 15:30
Ethereum (ETH) on the brink once again
Cryptodaily·2024/01/25 14:49
Why are Bitcoin Ordinal Inscription tokens ORDI, SATS crashing?
Cointelegraph·2024/01/25 14:28
Ark Invest’s aggressive accumulation of its Bitcoin ETF propels it into top 5 of ARKW portfolio
ARK has continued with its fund rotation, liquidating a significant chunk of its BITO holdings during the past day.
Crypto Slate·2024/01/25 13:46
The Resurgence of NFTs: A Glimpse into the Potential Growth of NFT in 2024
Bitget·2024/01/25 13:24
Altcoins continue to bleed out as fear over bitcoin correction persists
Cryptodaily·2024/01/25 12:13
Dogwifhat (WIF): From Meme to Market Star Surpassing SHIB and PEPE
Bitget·2024/01/25 10:25
Ethereum Price Plunge To $2K Imminent as Key Support Line Crumbles
Newsbtc-eth·2024/01/25 09:59
Flash
09:06
SK Hynix Plans to Launch Trillion-Won Ultra-Large-Scale Shareholder Return Plan, with Choi Tae-won Personally WageringBlockBeats News, June 16th, according to a exclusive report by The Korea Economic Daily, SK Hynix plans to launch a mega-scale shareholder return policy of up to 100 trillion Korean won in the fourth quarter of this year. The specific measures include stock buybacks and cash dividends. This move is seen by the outside world as a major strategic bet by SK Group Chairman Choi Tae-won, aiming to enhance the company's position and valuation in the global capital market.
According to investment bank and semiconductor industry sources, SK Hynix's stock buyback this time will account for just over 2% of outstanding shares and will officially begin after completing its American Depositary Receipt (ADR) listing. The ADR listing is expected to be completed in mid-next month.
This mega-scale shareholder return plan is designed to dispel concerns from the outside world about potential dilution of existing shareholder value from the ADR listing, while further solidifying SK Hynix's market image as a top global semiconductor company.
08:56
Data: USDC Treasury newly minted 250 million USDC on SolanaChainCatcher news, according to Whale monitoring, at 16:49 East 8th District time, USDC Treasury minted an additional 250 million USDC on the Solana chain.
08:55
Economist: Powell's Favorite Unconventional Inflation Gauge "Unreliable," Hopes for ChallengeBlockBeats News, June 16th, Federal Reserve Chairman Powell once expressed a preference for adopting another inflation measure standard - the "trimmed mean PCE inflation," which excludes extreme values before calculating the weighted average.
Boston College economics professor Brian Bethune stated that currently, the trimmed mean PCE is not the most reliable indicator. In short, when the inflation shock behaves similarly to the period of 2009-2019 (i.e., before the 2020 COVID-19 crisis), this indicator works best because there was a better balance between positive and negative shocks at that time. However, when price shocks mainly come from positive factors such as supply disruptions, tariffs, surging oil prices, or significant special sports events (like the World Cup), this indicator will underestimate inflation.
"Therefore, it is hoped that someone can challenge him on this," Bethune said. But regardless of which indicator is referenced, U.S. inflation remains above the Fed's 2% target - has been so since the spring of 2021.
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