Key highlights: BlackRock offloads $96.66 million from its IBIT fund. Bitcoin fell below $63,000 as selling pressure worsened. Tom Lee sounded an alarm of a deeper bear market later this year. Tom Lee predicts a steeper bear market in H2 Speaking on CNBC, Bitmine and Fundstrat chairman Tom Lee said markets could still see an […]
Tag: CNBC
Key highlights: Critics are poking holes in SpaceX’s $1.7 trillion valuation ahead of IPO Morningstar says a fair value estimate is $63 per share rather than SpaceX’s peg of $135. Despite the wave of critics, investors are highly anticipating the IPO scheduled for June 12. SpaceX is forging ahead with its planned $135 IPO share […]
By Jordan Lyanchev The company behind the second-largest stablecoin by market cap has successfully raised $222 million in the presale of a token tied to its new blockchain called Arc. The fully diluted valuation has risen to $3 billion, while company CEO Jeremy Allaire hinted that the firm will also enter into the “apps business.” […]