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BMO Capital raises Alphabet's price target to $455

1 hours ago

BMO Capital has raised Alphabet’s stock price target from $435 to $455, while maintaining its "Outperform" rating on the company. The BMO Capital research report notes that forecasts for Google Cloud’s fourth quarter and fiscal 2027 were lifted by 2% and 13% respectively, aligning its projections with consensus estimates, backed by strong cloud sector fundamentals, scaling capabilities, and the company’s substantial order backlog. Additionally, Google’s leading position in search remains intact, delivering mid-to-high double-digit growth, though new concerns have emerged regarding the intelligence of its Gemini model. The firm added that Gemini Pro 3.5 was reportedly delayed due to insufficient benchmark testing.

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SpaceX has lost nearly $1 trillion in market value from its peak.

According to market data from BIT (bit.com), SpaceX’s stock price has continued to decline steadily since opening today, with a current drop of 5%. The stock is now down 38% from its peak, and its market capitalization will shed approximately $1 trillion from its all-time high.

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Optimism will partner with Dunamu, the operator of Upbit, to expand into the South Korean market.

Ethereum Layer 2 infrastructure project Optimism will partner with Upbit operator Dunamu, fintech platform Toss, and DB Securities to expand its presence in the South Korean market. The collaboration covers upgrading and driving the globalization of Dunamu’s GIWA blockchain, validating South Korean won-denominated digital financial infrastructure, and commercializing Jeju Island’s smart agriculture, livestock assets, and South Korean intellectual property via tokenized securities and real-world assets (RWA).

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A whale deposited $17 million to open 10x long positions in Bitcoin and Samsung stock contracts.

According to monitoring by Onchain Lens, a crypto whale has just deposited $17 million into Hyperliquid to go long on Bitcoin and Samsung with 10x leverage. Its current positions are: 20 BTC (valued at approximately $1.26 million) and 7,600 SMSN shares (valued at roughly $1.2 million).

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Bitget Launches VIP-Exclusive ETH Wealth Management Product, Offering Up to 4% APR

Per an official announcement, Bitget has rolled out an exclusive ETH wealth management campaign for its VIP users, running from 18:00 on July 17 to 18:00 on July 22 (UTC+8). The campaign is open to VIP users who participated in NES PoolX between 18:00 on July 8 and 18:00 on July 17 (UTC+8). Eligible users who subscribe to the ETH Simple Earn current product can enjoy an APR of up to 4%. For more details, please refer to Bitget’s official platform.

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NeoCloud’s Nebius secures approximately $775 million in senior secured debt financing.

Cloud company Nebius has secured its first senior secured debt financing of approximately $775 million to expand its AI cloud platform. The financing is backed by deployed GPU infrastructure and investment-grade client contract cash flows. Deal terms include a 2030 maturity and an interest rate of SOFR plus 2.50%. The financing, paired with client cash flows, covers over 100% of the company’s relevant capital expenditure needs. Nebius currently boasts over $40 billion in contract revenue from clients such as Microsoft and Meta.

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ARK Invest: Bitcoin’s decline diverges from whale accumulation, signaling a market cycle bottom.

ARK Invest released its Q2 2026 Bitcoin report, stating that Bitcoin fell approximately 14% in the second quarter, breaking below the short-term holder realized price, 200-day moving average, and on-chain average, with a still bearish technical outlook. However, the proportion of loss-making supply rose to around 54%, and the supply held by long-term holders hit a record high of roughly 14.85 million BTC, which ARK considers a potential signal of seller exhaustion. The report also pointed out that Bitcoin has not yet fallen back to its on-chain cost range of approximately $49,000 to $53,000, meaning downside risks have not been fully released. U.S. spot Bitcoin ETFs recorded a net outflow of around 71,000 BTC in Q2, while Strategy’s STRC preferred shares dropped to a low of $74.57.

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