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Marvell Technology’s pre-market gains extended to 12% as the company reached a custom chip agreement with Google.

1 hours ago

According to market data from BIT (bit.com), Marvell Technology (MRVL) saw its pre-market gain in US equities widen to 12% after the company struck a custom chip deal with Google. Marvell issued a warrant to Google, allowing the latter to purchase up to 58.97 million Marvell shares at $206.58 apiece, equivalent to roughly 6.7% of its outstanding shares. Most of the warrant will vest gradually as Google generates custom chip-related revenue for Marvell through fiscal 2033, covering products including AI accelerators, networking products and storage products.

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2 whales short 50,838 $ETH ($98M) on Hyperliquid

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Gambler 0x8c96 partially liquidated for 288 $BTC ($18.74M) again

Gambler 0x8c96 was partially liquidated for 288 $BTC($18.74M) again. Current position: 1,152 $BTC($74.7M) New liquidation price: $65,232.47

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Two whales have collectively shorted 50,838 ETH, valued at approximately $98 million.

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Trade.xyz launches MRNA contract trading

According to official sources, Trade.xyz has launched Moderna (MRNA) contract trading, offering up to 10x leverage. Moderna (MRNA) is a U.S. biotech company founded in 2010, whose core technology is an mRNA (messenger RNA) drug platform that delivers genetic instructions to human cells to produce specific proteins for disease prevention or treatment.

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US stocks opened, with storage, optical communications, and semiconductor stocks rallying, and MRVL surged over 12%.

According to BIT (bit.com) market data, US stocks opened on Wednesday, with storage sector stocks rising across the board: SK Hynix (SKHY) gained 4.69%, SanDisk (SNDK) rose 4.18%, Micron Technology (MU) advanced 1.59%, Seagate Technology (STX) climbed 0.94%, and Western Digital (WDC) increased 0.37%. Semiconductor stocks saw mixed performance: Marvell Technology jumped 12.76%, Arm rose 2.82%, Qualcomm (QCOM) gained 2.66%, and NVIDIA (NVDA) advanced 1.08%; Broadcom fell 2.01%, Lam Research (LRCX) dropped 1.00%. Most optical communication stocks rose: Applied Optoelectronics (AAOI) gained 2.97%, Nokia (NOK) climbed 1.92%, Coherent (COHR) increased 1.01%; Broadcom (AVGO) declined 2.01%. Most Neocloud sector stocks fell: Nebius (NBIS) dropped 6.89%, Cipher Digital (CIFR) fell 2.64%, Hut 8 (HUT) declined 1.50%, Core Scientific (CORZ) decreased 1.19%; CoreWeave (CRWV) bucked the trend to rise 0.63%.

16 minutes ago

After the US Treasury Department announced a repo-related plan, US Treasury yields declined, US stock futures rose in response, the US dollar fell, and gold and silver rallied sharply.

According to BIT (bit.com) market data, U.S. stock futures rose in the short session: Nasdaq 100 index futures gained 0.45%, S&P 500 index futures rose 0.43%, and Dow futures increased 0.53%. Bitget data shows the U.S. dollar index dipped in the short term, down 0.64%. Long-term U.S. Treasury yields fell, with the 30-year yield dropping as much as 9 basis points to 5.19%. Spot gold’s gains expanded to 2.86%, trading at $4,457.25 per ounce. Spot silver rose 2.8% to $65.09 per ounce. Earlier, the U.S. Treasury Department announced it will at least double the size of its liquidity support repurchase operations for long-term nominal coupon securities, covering two maturity ranges: 10 to 20 years and 20 to 30 years. Currently, each operation has a maximum size of $2 billion; going forward, each operation will be increased to at least $4 billion. The expansion of the repurchase operation size reflects the Treasury’s goal of providing stronger liquidity support for the long-term nominal U.S. Treasury market. The Treasury will release an updated temporary Treasury repurchase arrangement at a later date.

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