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Share link:In this post: The S&P 500 is hitting new highs, but only a small number of mega-cap tech stocks are driving the gains. Similar narrow market rallies in the past have often led to weaker performance over the following 12 months, according to data going back to 1972. Some analysts believe potential interest rate cuts by the Federal Reserve could boost participation from smaller stocks and help stabilize the rally.
Share link:In this post: X said it’s “deeply concerned” about press censorship in India after being ordered to block over 2,300 accounts, including Reuters. India’s government denies issuing a new blocking order and claims it quickly asked X to restore the Reuters accounts. The dispute highlights ongoing tensions between X and Indian authorities over content takedowns and press freedom.
Share link:In this post: Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee crypto service providers. The Pakistan crypto market has over 40 million users and $300B in annual trading volume. The government also allocated 2,000 megawatts of electricity for Bitcoin mining and plans to establish a strategic Bitcoin reserve.
- 11:03Data: In the past 30 days, several institutions including Bitmine and SharpLink have significantly increased their ETH holdings, with Bit Digital’s holdings up by 335%According to ChainCatcher, citing data from strategicethreserve, the following treasury companies and institutions have seen significant changes in their Ethereum holdings over the past 30 days: Bitmine Immersion Tech (BMNR) ranks first, currently holding 300,700 ETH valued at approximately $1.1 billion, with holdings up 84.29% in the past 30 days; SharpLink Gaming (SBET) ranks second, currently holding 280,600 ETH valued at about $1.03 billion, with holdings up 59.19% in the past 30 days; The Ethereum Foundation ranks third, holding 238,500 ETH valued at around $873.7 million, with holdings down 8.06% in the past 30 days; Bit Digital (BTBT) ranks sixth, holding 120,300 ETH valued at approximately $440.7 million, with holdings up 335.53% in the past 30 days; BTCS Inc (BTCS) ranks tenth, holding 55,800 ETH valued at about $204.4 million, with holdings up 282.11% in the past 30 days.
- 10:33Data: Jeffrey Huang’s PUMP 5x Leveraged Long Position Faces $3.86 Million Unrealized LossAccording to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) has observed that as the price of PUMP falls below its purchase price, Jeffrey Huang (@machibigbrother)'s 5x leveraged long position in PUMP tokens is currently facing an unrealized loss of approximately $3.86 million. In addition, Jeffrey Huang also holds leveraged long positions in ETH (25x leverage) and HYPE (5x leverage), with his total unrealized loss reaching around $2.3 million.
- 10:27Machi Big Brother Faces $3.86 Million Unrealized Loss on Long Position Due to PUMP Price DropAccording to Jinse Finance, Onchain Lens monitoring shows that as the price of PUMP has fallen below its purchase price, Machi Big Brother (@machibigbrother) is currently facing an unrealized loss of $3.86 million on his PUMP long position (5x leverage). He also holds long positions in ETH (25x leverage) and HYPE (5x leverage), with a total unrealized loss of $2.3 million.