Bitwise to Keep Bitcoin's $200,000 Price Target for 2025
On July 1st, as per TheBlock, Matt Hougan, the Chief Investment Officer of Bitwise, declared that Bitwise has a target price of $200,000 for Bitcoin by 2025. Nevertheless, he is not highly confident that ETH and SOL can reach new highs this year.
Matt Hougan and Ryan Rasmussen, the Research Director, stated in a client report: "This year, the prices of cryptocurrencies have been fluctuating. They have benefited from strong inflows into ETFs, the increased demand for Bitcoin fund management companies, and the potential establishment of a strategic U.S. Bitcoin reserve. The price of Bitcoin reached an all-time high in May. However, both Ethereum and Solana have witnessed declines so far this year, and macro risks are impeding the accelerated progress of the bull market."
11 minutes ago
Pre-market Robinhood Soars Over 4% Before Pulling Back, Trading at $94.55 per Share
On July 1st, during pre-market trading, Robinhood (HOOD) initially surged by more than 4% and then retreated. Currently, the gain has narrowed to 0.93%, and the stock price is now trading at $94.55. Robinhood previously announced the launch of a tokenized stock product based on Arbitrum and will be constructing an RWA-specific Layer 2 network.
11 minutes ago
Citigroup: Sets Circle Price Target at $243, Implies Roughly 34% Upside from Yesterday's Close
On July 1st, Citigroup announced that the valuation of Circle is reasonable. It initiated coverage with a buy rating and set a price target of $243 for Circle's stock, indicating approximately a 34% increase from yesterday's closing price of $181.
11 minutes ago
Whale qwatio added $50 million to their short position, bringing the total short position to approximately $250 million.
On July 1st, according to EmberCN's monitoring, Whale @qwatio added $50 million to its short position an hour ago. It reopened a position that was liquidated with a $50 million loss yesterday.
Current position:
Short 1400 BTC with 40x leverage, worth $149 million. The entry price is $106,706 and the liquidation price is $109,863.
Short 40,000 ETH with 25x leverage, worth $97.57 million. The entry price is $2,453 and the liquidation price is $2,562.
11 minutes ago
Bombie Staking Rewards Surge to $1.1 Million, APY Surpasses 400%
July 1st: Since the launch of the Bombie ecosystem game Capybobo staking event, more than 48% of the BOMB tokens have been staked, which demonstrates strong community confidence. In order to further incentivize users, Capybobo has simultaneously launched a $1 million staking rewards plan. All users participating in staking will receive hourly returns in USDT. The annualized return rate exceeds 20,000%, and they have the ability to increase their Q3 airdrop weighting.
Meanwhile, Capybobo has announced an upgrade to the referral mechanism and established an additional $100,000 referral reward pool. For each successfully invited friend who stakes, users will receive a rebate of 0.1 USDT for every $1 USDT staked by the invitee. In addition, they will also receive 10% of the CAPY rewards earned by the friend through staking and in-game activities.
11 minutes ago
BiyaPay Analyst: Robinhood Stock Price Rises 13% Due to Tokenized Stock Bullishness
On July 1st, Robinhood's stock price witnessed a 13% surge, which marked its best single-day performance since April 9th. Robinhood's CEO announced that the company intends to expand the tokenized trading of U.S. stocks from the current 200 to "thousands" by the end of this year. In addition, Arbitrum (Arb) also rose by 20%, attracting extensive market attention.
Robinhood is expediting its expansion of the crypto business and plans to launch its own blockchain and introduce "stock tokens" in the EU market. The company recently launched a tokenized stock trading product on the Ethereum Layer 2 network Arbitrum for European users, supporting over 200 U.S. stocks and ETFs and enabling 24/7 trading on weekdays. Robinhood stated that this move will upgrade its European crypto platform to a "crypto-powered comprehensive investment platform." Robinhood is building a Layer 2 blockchain optimized for tokenized assets, expected to support 24/7 trading, self-custody, and cross-chain transfer of
11 minutes ago
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