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This development sparked mixed reactions among market watchers and crypto trading enthusiasts. Some market analysts believe this indicates BlackRock’s long-term bullish outlook on ETH’s potential to deliver higher yields. If this trend continues, ETH price could rise above the $2,600 barrier by the end of October. But some warn that BlackRock’s activities may be tied to client-driven ETF trading rather than a broader strategic shift. Commenting on this trend, Kevin Oakeson, CEO of HMNBRDNetwork, highlighted the difference between asset managers’ operational decisions and client-driven portfolio movements. “It is important to distinguish between products held for clients through ETFs and actual…

After a strong start to the year, Super Microcomputer (NASDAQ: SMCI) stock is under pressure after a disappointing earnings report, unwanted attention from prominent short sellers, and a delay in its annual $10,000 filing. exposed to There is also the possibility of an investigation by the Department of Justice (DOJ). However, the stock price rose after the company issued a press release mentioning its quarterly shipments.With this backdrop, let’s take a closer look at the company’s recent announcement, what it means, and whether it could be the start of a bigger rebound in the stock price.Over 100,000 GPUs shippedAs part…

Recent on-chain data shows an increase in short-term trading activity for the memecoin, which could lead to an increase in Dogecoin price. Dogecoin’s recent 65% price retracement is consistent with a typical pattern after a breakout from a multi-year descending triangle, setting the stage for a potential bull run. Dogecoin price soars: 200% goal in sight Crypto analyst Ali Martinez highlighted the potential for large fluctuations in Dogecoin’s price. DOGE prices are currently breaking out of a multi-year descending triangle pattern, Martinez said. This has historically been a sign of significant price increases. In a previous example, meme coins experienced…

Shares of Trump Media and Technology Group, Truth Social’s parent company, have soared over the past week as the betting market began to tilt toward former President Donald Trump. Shares soared 4.8% on Friday and closed at $25.28, up 53% from last Friday’s closing price. This coincided with a significant improvement in the odds of Trump winning on top betting sites. For example, Vice President Kamala Harris was in the lead on PredictIt last weekend, but by Wednesday she was tied and passed by President Trump the next day. Similarly, Harris had a slight lead in the October 4 poll,…

SoundHound AI has a lot of growth potential, but this stock also comes with a lot of risk. Shares of artificial intelligence (AI) company SoundHound AI (SOUN 1.45%) have fallen 8% in the past six months as excitement about the stock has waned. Voice AI companies are growing at a significant pace, but their losses are also increasing. The stock has more than doubled in value this year. However, with a market capitalization of just $1.7 billion, investors could still see significant returns if the business continues to grow and become more profitable. However, this potential comes with its own…

U.S. Senator Bill Hagerty has released a draft bill that would provide clear regulations for the use and operation of stablecoins. This bill reflects the same content and objectives as the Payment Clarity Stablecoin Act of 2023, with several amendments. Hagerty bill proposes dual regulatory oversight for stablecoin issuers In July 2023, Republican Sen. Patrick McHenry introduced the “Payments Clarity Stablecoins Act of 2023,” which aims to provide the necessary recognition, oversight, and regulation for stablecoins in the United States. . The bill was passed by the U.S. House Financial Services Committee seven days after it was introduced, and then…

Bitcoin (BTC) soared more than 6% on Friday following news that bankrupt cryptocurrency exchange Mt. Gox will extend its repayment deadline to its remaining creditors. Mt Gox began repaying creditors in July and has “nearly completed basic repayments, early lump sum repayments and interim repayments” in the months since then, according to a statement posted on the bankruptcy exchange’s website. . “However, there are still many rehabilitation creditors who have not completed the necessary procedures for repayment.Also, there are many rehabilitation creditors who are unable to receive repayment due to various reasons such as problems during the repayment process. It…

New leadership and a refocus on its core strengths should help Nike during this transition period. Nike (NKE 0.06%) ticks the boxes of being a blue-chip stock. The company has long been an industry leader, is financially stable, and has a global brand that many companies could only dream of matching. Unfortunately, being a blue-chip stock doesn’t mean it’s immune to downturns, and that’s exactly what Nike has experienced over the past few years. Nike stock is currently down nearly 55% since hitting an all-time high in November 2021. It fell 24% in 2024 alone. Needless to say, things are…

When the whispers spread across trading desks and the smart money is quietly poised for a massive rally, it’s time to pay attention. The market is currently experiencing significant volatility affecting major players such as Dogecoin (DOGE), leading to large losses and liquidations. These fluctuations have led some major investors to look for alternatives, and one altcoin stands out with indicators suggesting a 6,000x upside potential. RCO Finance (RCOF), a $0.03 altcoin, has been attracting attention from investors who believe it is replicating Dogecoin’s previous moves. Dogecoin price instability: Factors behind the recent decline In the cryptocurrency market, the price…

Find out why crypto insiders who predicted Solana’s 10x surge are positive on important moves in XRP and Lunex Network. This cycle has seen a lot of price fluctuations in the cryptocurrency market. Many investors have taken advantage of it, but some have been left behind. However, as the end of the year approaches, investors are looking for interesting coins to diversify their funds in hopes of a big rally next year. Crypto insiders who predicted a 10x rise in Solana are eyeing two other interesting coins in the meantime. Solana (SOL) was trading around the $20 zone at one…