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Prime Capital Investment Advisors LLC and Arkadios Wealth Advisors have increased their stakes in Amcor, now owning 18,961 and 25,597 shares, respectively. Institutional investors hold 45.14% of the stock. Amcor has received a "strong-buy" upgrade from UBS Group, with a consensus rating of "Moderate Buy" and an average price target of $11.20.
Grayscale has launched the Grayscale Lido DAO Trust and Grayscale Optimism Trust, targeting accredited investors seeking exposure to key Ethereum protocols. Lido enhances staking accessibility with $40 billion in total value locked, while Optimism, with $800 million in TVL, boosts Ethereum's scalability through its OP technology. Both trusts are now available for daily subscriptions, reflecting Grayscale's ongoing expansion in the cryptocurrency investment space.
Hong Kong is advancing its position as a global crypto hub by streamlining the licensing process for virtual asset trading platforms, with the Securities and Futures Commission (SFC) aiming for initial permits by year-end. The Hong Kong Monetary Authority (HKMA) is also exploring digital bonds and tokenized securities, while discussions about the Exchange Fund's potential crypto interests are gaining traction. Additionally, plans to exempt certain funds and high-net-worth individuals from capital gains taxes on crypto income reflect the city's commitment to fostering a balanced and innovative crypto ecosystem.
Ethereum's recent rally, driven by $187 million in short liquidations and significant whale accumulation, has positioned ETH for a potential surge to $4,000. Despite a slight decrease in retail investor activity, whale purchases and sustained ETF inflows indicate strong institutional interest. Currently trading at $3,901.59, ETH's trajectory remains uncertain amid mixed exchange flows and technical indicators suggesting short-term risks.
Bitcoin whales, holding over 1,000 BTC, now control 3.867 million BTC, reflecting growing institutional confidence despite recent volatility. As Bitcoin trades around $100,500, maintaining this level is crucial for potential upward momentum, with analysts closely monitoring whale activity for market signals.
A prominent figure from New York City's gilded yuppie era finds renewed recognition as he rings the bell to open the stock exchange. This moment is further highlighted by his selection as Person of the Year by Time, underscoring his enduring influence and appeal.
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the company. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
The stock market opened weakly as sellers took profits following the Nasdaq reaching the 20,000 milestone. However, several tech stocks, including Meta, Microsoft, Upstart, and Axon Enterprise, saw gains. Meanwhile, Arm is in the process of forming a new base.
POM Investment Strategies LLC now holds 377 shares of Exxon Mobil, valued at $43,000, after acquiring 340 additional shares. Hershey Financial Advisers LLC also entered a new position worth approximately $46,000. Analysts have mixed ratings on the stock, with a "Moderate Buy" consensus and a price target averaging $129.84. Recently, Exxon Mobil reported a quarterly EPS of $1.92, slightly beating estimates, but revenue fell 0.8% year-over-year.
Chainlink's (LINK) future open interest has surged to an all-time high of $770.27 million, coinciding with a price jump to $28.23, marking its highest level in two years. Significant whale and institutional purchases, including a $1 million acquisition by Trump's World Liberty Financial, have fueled this momentum. Analysts suggest that if LINK closes above $29.50, it could rise by 80% to reach its all-time high of $52.50, although a price correction may occur during this rally.
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