The Shiba Inu ecosystem has partnered with Chainlink, enhancing the utility of its tokens SHIB, BONE, and LEASH across 12 blockchains through the integration of Chainlink’s Cross-Chain Interoperability Protocol. This partnership, along with a new tax burns feature on transactions, aims to drive activity and value within the ecosystem. Despite these developments, SHIB's price remains low, requiring a nearly 50,000% increase to reach the $0.01 target.
Zentry has partnered with Sky Mavis and Gravity to launch Ragnarok Landverse on the Ronin blockchain, marking a significant step in the evolution of Web3 gaming. This collaboration aims to blend classic MMORPG elements with blockchain technology, enhancing player ownership and financial opportunities. Additionally, Sky Mavis has introduced the PHPC token for efficient Philippine peso transactions, further expanding Ronin's ecosystem and its appeal to a global audience.
UBS has upgraded Honda Motor Co Ltd's stock rating from Sell to Neutral, adjusting the price target from JPY1,400 to JPY1,300 following a 30% decline in share price since March 2024. The firm noted that the market capitalization of JPY6 trillion indicates limited downside risk, despite a 10% reduction in EPS estimates for the fiscal year ending March 2025 due to increased product-quality costs and BEV losses. Future earnings projections for subsequent years have also been lowered by 4-5%, reflecting anticipated higher incentives and ongoing BEV challenges.
UBS has reaffirmed its Buy recommendation for FedEx Corporation, the global leader in express transportation. The company's sales are primarily derived from courier and express services (46.6%), small parcel delivery (39.1%), large parcel delivery (10.3%), and other services (4%), with 72.4% of sales generated in the United States.
UBS has reaffirmed its Buy rating for FedEx Corporation, the global leader in express shipping. The company's sales are primarily derived from mail and express shipping services (46.6%), small package delivery (39.1%), large package delivery (10.3%), and other services (4%). Notably, the United States represents 72.4% of FedEx's net sales.
UBS has reaffirmed its Buy rating for FedEx Corporation, the global leader in express shipping. The company's sales are primarily derived from mail and express shipping services (46.6%), small package delivery (39.1%), large package delivery (10.3%), and other services (4%). Notably, the United States represents 72.4% of FedEx's net sales.
UBS has maintained a 'Buy' rating for FedEx, setting a target price of $311. Analyst Thomas Wadewitz noted that the anticipated spin-off of the freight business is expected to unlock significant value through a higher independent valuation, positively impacting the shares.
Germany's Bavarian Data Protection Authority (BayLDA) has issued an ultimatum to Worldcoin, co-founded by Sam Altman, over non-compliance with GDPR regarding biometric data management. Worldcoin must implement a compliant data deletion procedure within 30 days, allowing users to assert their right to erasure. In response, Worldcoin has appealed the decision, citing its anonymization technologies, while also planning to delete its old system by May 2024, although some illegally collected records remain a concern for regulators.
Bitcoin's recent crash, dropping 7% to $97,020, has triggered a significant sell-off across the cryptocurrency market, affecting Ethereum, XRP, Dogecoin, and Solana. This volatility resulted in $1.17 billion in liquidations, with Bitcoin alone accounting for $241 million, highlighting its dominant influence. As the market grapples with uncertainty, investors are left questioning the stability of major cryptocurrencies in the coming days.
The information provided is intended for educational purposes and should not be interpreted as financial or investment advice. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions, as investing in NFTs and cryptocurrencies carries inherent risks. Always invest only what you can afford to lose.
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