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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.
- 02:31Sharps Technology increases fundraising to 1 billion USD and launches digital asset treasury strategyChainCatcher News, according to PRNewswire, Nasdaq-listed company Sharps Technology announced that the private placement of common stock and combined warrants has been completed, with total proceeds from this fundraising transaction exceeding 400 million USD. In addition, the company stated that exercising all warrants could raise an additional 600 million USD, which means the total fundraising scale could expand to 1 billion USD. The new funds will support the launch of its digital asset treasury strategy, with the main holdings of the treasury being SOL, the native digital asset of the Solana blockchain.
- 02:17Bloomberg Analyst: Number of US Cryptocurrency ETF Filings Reaches 92Jinse Finance reported that Bloomberg ETF analyst James Seyffart stated that there are currently a total of 92 records in the list of all cryptocurrency ETP product filings and/or applications that can be tracked in the United States. Note: The SEC had previously announced listing standards for cryptocurrency ETPs, but most upcoming cryptocurrency products will adopt the ETF structure.
- 02:07The operator of the XPL address may further increase their holdings, with the current position valued at $903,000.According to a report by Jinse Finance, on-chain analyst Ai Yi (@ai9684xtpa) has monitored that four addresses deposited 10 million USDC into Hyperliquid to go long on XPL, with the source of funds related to the hedging sniper incident on August 27. Analysis shows that these addresses opened long positions worth $903,000 using only 20-30% margin, and are expected to further increase their positions.