HYPE/SOL exchange rate hits a new high for this bear market cycle, now at 1.044
Per HTX market data: On June 4, amid Bitcoin’s sharp decline today, SOL has fallen further, pushing the HYPE/SOL exchange rate to a new high in the current bear market amid this downturn, now standing at 1.044.
HYPE is currently priced at $74.05, with a 6% increase over the past 24 hours. SOL trades at $70.9, down 5.47% in the same period.
8 minutes ago
Bitcoin Price Drops to $63,000
According to HTX market data, as of June 4th, Bitcoin dipped to a low of $63,000 and is currently trading at $63,211, posting a 5.67% drop over the past 24 hours.
8 minutes ago
Most old-model Bitcoin miners have reached the shutdown price
According to June 4 data from Antpool, the Bitcoin network’s mining difficulty remains at a high level, with estimated electricity costs hitting $0.06 per kilowatt-hour. This has pushed multiple older Bitcoin miner models below their shutdown price thresholds, leaving them operating at a loss. As of now, models including the Antminer S21, Antminer S3, Whatsminer M3S (360T), and AvalonMiner A1466I series are generating negative daily net income and are approaching the point where they will be shut down.
8 minutes ago
Broadcom with Pluggable Optics and Storage, Micron Down 2.55% Post Earnings, AAOI Down 4.28%
June 4, per Bitget market data: Broadcom’s AI chip revenue forecast missed consensus expectations, triggering sharp post-session declines in U.S. stocks across the optical module and semiconductor storage sectors. Several widely followed names posted post-market losses, including:
Storage Sector: Micron Technology (MU) down 2.55%, SanDisk (SNDK) down 2.63%, Western Digital (WDC) down 2.05%, Seagate Technology (STX) down 1.64%
Optical Module Concept Stocks: AAOI down 4.28%, LITE down 3.97%, COHR down 4.65%, NOK down 4.87%
8 minutes ago
SpaceX is set to go public on June 12th, with an official IPO valuation of $1.77 trillion.
Bloomberg News, June 4 — Elon Musk’s SpaceX filed paperwork with the U.S. Securities and Exchange Commission (SEC) on Wednesday for its upcoming initial public offering (IPO), setting a fixed share price of $135 ahead of officially launching its IPO roadshow, according to the filing. That price matches what anonymous sources had previously disclosed.
The document also states SpaceX plans to issue 5.556 billion shares, raising $750 billion from the offering.
Most issuers at this stage of the IPO process typically set a price range first to gauge how investor demand shifts at different valuation levels. But SpaceX used a more straightforward approach here. At $135 per share, the company’s total valuation would reach $1.77 trillion.
That valuation would make SpaceX the seventh-largest publicly traded U.S. company by market capitalization, surpassing peer Tesla, which currently carries a valuation of roughly $1.6 trillion. The firm is scheduled to begin trading on the Nasdaq exchange on
8 minutes ago
Broadcom Stock Plunges Over 13% in After-Hours Trading, AI Chip Revenue Forecast Falls Short of Expectations
On June 4, Bitget market data showed Broadcom’s stock dropped more than 13% in after-hours trading. The decline follows the company’s lower-than-expected AI chip revenue forecast, signaling it is making slower progress in capturing a larger share of the fast-growing AI sector than the market had anticipated.
In a Wednesday announcement, Broadcom projected AI semiconductor revenue of $16 billion for its third quarter ending in July. This figure is below the average analyst estimate of $17.2 billion, according to market data.
CEO Hock Tan added that for the full fiscal year ending in October, Broadcom’s AI chip sales are forecast to reach $56 billion—down from the prior average analyst consensus of $57.6 billion.
8 minutes ago
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