Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore

News

Stay up to date on the latest crypto trends with our expert, in-depth coverage.

banner
All
Crypto
Stocks
Commodities & Forex
Macro
Bernstein says market has not priced in positive shift in crypto regulations under potential Trump victory
Bernstein says market has not priced in positive shift in crypto regulations under potential Trump victory

Quick Take The market has not priced in a potential positive shift in crypto regulations if Republican candidate Donald Trump wins the U.S. presidential election, according to Bernstein analysts. Bitcoins’s price reacts positively to perceived improvements in odds for a Republican win, placing faith in Trump’s pro-crypto stance, the analysts said.

The Block·2024/07/22 12:37
Global crypto investment products' inflow streak tops $3 billion as Ethereum overtakes Solana YTD: CoinShares
Global crypto investment products' inflow streak tops $3 billion as Ethereum overtakes Solana YTD: CoinShares

Digital asset investment products attracted another $1.35 billion in net inflows last week, bringing their latest positive streak to $3.2 billion, according to CoinShares.“Ethereum seems to have turned a corner,” overtaking Solana as the altcoin with the most inflows year-to-date, CoinShares Head of Research James Butterfill said.

The Block·2024/07/22 11:37
Mt. Gox wallet transfers small amount of bitcoin to Bitstamp: Arkham
Mt. Gox wallet transfers small amount of bitcoin to Bitstamp: Arkham

Quick Take Mt. Gox transferred 0.021 BTC to a new wallet earlier this morning. One of the recipient addresses is labeled by Arkham as belonging to Bitstamp. Bitstamp was expected to receive bitcoin repayments for Mt. Gox creditors soon.

The Block·2024/07/22 08:58
Flash
04:06
Serenity: Humanoid robots will drive a decades-long storage demand cycle
Serenity stated on the X platform that the CEO of Micron Technology predicts humanoid robots will drive a decades-long cycle of storage demand, with each robot requiring about 10 times the memory of an L2+ level autonomous vehicle. The demand wave is expected to begin before the end of this decade. The CEO of Micron Technology mentioned that increased value of on-device AI and the need for device upgrades will fuel growth in the storage market. Serenity pointed out that the Chairman of TSMC, Elon Musk, and the CEO of Micron Technology all see humanoid robots as the next major trend, and physical AI is considered the next stage of AI development.
03:57
“Mohnish Pabrai, a globally renowned value investor known as the 'disciple of Buffett,' built a position in Micron in 2017 and closed out his position in September 2023, making about a 100% gain; however, after his exit, Micron's stock price rose more than 15 times in two years, and it is estimated that he missed out on approximately 2 billions dollars in gains.”
In his dealings with SK Hynix, he also sold too early. He admits this was a major mistake in his investment career. As the industry eliminated over 20 manufacturers, leaving Samsung, SK Hynix, and Micron as the three leading players, storage has become a highly competitive sector with extremely high barriers to entry. Combined with the explosive demand driven by AI, he believes the industry's dividends are just beginning, yet he exited too early and missed out on the subsequent bull market.
03:53
Truist lowers EQT Energy's price target to $65
Golden Finance June 25| Truist has lowered the target price of EQT Energy from $74 to $65, maintaining its "Buy" rating.
News