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stock market opens higher as nvidia and micron drive gains

Stocks are set to open higher, with Nvidia's shares rising following the launch of its next-generation gaming graphic cards. Micron also saw a boost after Nvidia's CEO announced that the company will supply memory for these GPUs, indicating strong collaboration in the tech sector.
Barrons
United States Dollar NVIDIA Corporation Micron Technology, Inc. USA Jensen Huang
Technology & Innovation, Market Report
10:43 07.01.2025

Open ecosystem launches $OPEN points to enhance user engagement and incentives

The Open ecosystem introduces $OPEN points for users engaging with select projects, enhancing participation in decentralized applications. Powered by the Open Virtual Machine (OVM), it enables complex computations on-chain, supporting AI, DeFi, and scientific research while ensuring transparency and verifiability. This innovative infrastructure aims to democratize access to advanced computational resources, paving the way for future developments in decentralized science and finance.
CoinJournal
OPENLANE, Inc.
Technology & Innovation, Press Release
10:43 07.01.2025

Backpack Exchange acquires FTX EU to enhance crypto trading in Europe

Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, gaining access to a MiFID II license under CySEC. This move allows Backpack to offer regulated crypto derivatives in Europe, addressing gaps left by unregulated exchanges while prioritizing customer restitution from FTX EU's bankruptcy. CEO Armani Ferrante emphasized the commitment to regulatory compliance and restoring trust in the industry.
CryptoSlate
Euro Alameda Research LLC CYP Armani Ferrante Can Sun Sam Bankman-Fried Show more
Finance & Economy, Press Release
10:42 07.01.2025

crypto enters infinity age with ten trends shaping 2025 outlook

Analysts at Bernstein declare that crypto has entered the "Infinity Age," predicting Bitcoin will reach $200,000 by 2025, alongside a $500 billion stablecoin market. Key trends include increased corporate treasury adoption, significant inflows into Bitcoin ETFs, and a surge in Ethereum institutional interest. The report also anticipates a shift in crypto regulations under a pro-crypto administration, fostering growth in the digital asset market.
Crypto News Flash
MicroStrategy Inc CleanSpark, Inc. Core Scientific, Inc. TeraWulf Inc. Riot Blockchain Inc USA Gautam Chhugani Show more
Finance & Economy, Market Report
10:39 07.01.2025

ubs recommends dell and td synnex for 2025 avoid ibm and pure storage

UBS has identified Dell and TD SYNNEX as top stock picks for 2025, anticipating significant revenue growth driven by the AI server market and recovering PC demand. Conversely, IBM and Pure Storage are deemed least favorable due to limited AI exposure and growth challenges.
Investing.com India
TD Synnex Corp Pure Storage, Inc. USA David Vogt
Finance & Economy, Market Report
10:33 07.01.2025

ubs upgrades besi to buy with increased price target and growth potential

UBS has upgraded its recommendation on BE Semiconductor Industries (Besi) from 'neutral' to 'buy', increasing the price target from 111.7 to 159 euros, indicating a 13% upside potential. The firm highlights new opportunities for Besi's hybrid bonding technology in the photonics and high-end tablet markets, alongside a recovery in the consumer sector.
MarketScreener
Euro BE Semiconductor Industries N.V. NLD
Technology & Innovation, Market Report
10:32 07.01.2025

smart money shifts from dogecoin and shiba inu to remittix potential

On-chain data reveals a shift in smart money from meme coins like Dogecoin and Shiba Inu towards innovative projects such as Remittix, which aims to revolutionize cross-border payments. Despite recent declines, Dogecoin shows potential for recovery, with analysts predicting it could reach $1 by 2025, bolstered by whale activity and community support. Meanwhile, Shiba Inu, despite facing resistance, may rebound with renewed investor confidence and ecosystem developments.
Blockchain Magazine
Euro United States Dollar Elon Musk Donald Trump
Crypto, Market Report
10:30 07.01.2025

Walter Giger appointed new CEO of LGT Financial Services

Walter Giger has been appointed CEO of LGT Financial Services, effective January 1, 2025, succeeding André Lagger, who will retire in May. Giger, who has been with LGT since April 2023 as Head Global IT, previously held senior roles at Deutsche Bank and Credit Suisse. LGT Financial Services, founded in 2001, has grown to over 600 employees, consolidating various back-office and IT functions for LGT Group.
finews.ch
United States Dollar LGT Financial Services AG Credit Suisse High Yield Bond Fund, Inc. Deutsche Bank RV Global PP CHE LIE DEU Walter Giger André Lagger Show more
Finance & Economy, News Article
10:30 07.01.2025

Chainlink surges 20 percent as whale activity drives bullish momentum

Chainlink (LINK) surged 20% in three days, driven by whale purchases of 1.40 million tokens, reaching $24.38. Analysts predict LINK could surpass its $52 all-time high by February and potentially hit $73 by May 2025, supported by reduced sell pressure and strong market momentum. The altcoin's recent growth is bolstered by its involvement in significant projects, including a tokenization pilot with major financial institutions.
TronWeekly
JPMorgan Chase & Co. BNY Mellon Municipal Income, Inc. Franklin Templeton - Franklin M Ali Zafar Show more
Finance & Economy, Market Report
10:30 07.01.2025

Solana open interest reaches record high as price targets all-time peak

Solana's open interest has surged to an all-time high of $6.68 billion, reflecting a 14% increase in just 24 hours, driven by heightened trading activity and market optimism. With SOL's price rising 14% over the past week, it is poised to challenge its previous peak of $264, contingent on breaking through the resistance at $218.90. However, a shift in market sentiment could see prices dip below $200.
BeInCrypto
Santiment Network Token USD
Finance & Economy, Market Report
10:30 07.01.2025
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