News

According to a report by Jinse Finance, data from Statista shows that Nvidia officially became the first company to close with a $4 trillion market capitalization this Thursday, with its stock price surging over 1,000% in the past two and a half years. Nvidia's current market value not only surpasses Microsoft and Apple (the only two other companies with a market cap exceeding $3 trillion), but also exceeds the combined market capitalization of tech giants Alphabet and Meta, as well as the combined value of Amazon, Walmart, and Costco—the world's three largest retailers. Elon Musk reposted the news on the social media platform X, exclaiming, "Wow." (Jin10)

BlockBeats News, July 20 — According to EmberCN statistics, driven by massive net inflows into Ethereum ETFs and U.S. listed companies’ ETH reserve plans this week, ETH price surged from $3,000 to over $3,600. Several on-chain addresses have accumulated as much as 391,000 ETH through various channels this week, worth approximately $1.4 billion: “ETH’s MicroStrategy” SharpLink Gaming purchased 88,800 ETH this week, valued at $293 million, with an average price of $3,305. Its total ETH reserves have now reached 358,000 ETH; A whale accumulated 122,691 ETH via an exchange, worth $442 million, at an average price of $3,213; Another whale accumulated 103,274 ETH via an exchange, worth $374 million, at an average price of $2,885; Another whale accumulated 47,121 ETH via an exchange, worth $169 million, at an average price of $3,545; A whale used 64.04 million USDT on-chain to purchase 18,557 ETH, at an average price of $3,451; Another whale used 36.6 million USDT to purchase 10,882 ETH, at an average price of $3,363.