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M_Hamza_003
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Per BlockBeats, Lookonchain data shows a whale sold 2,534
$ETH
for $5.86 million, netting a $1.9 million profit. This follows three prior ETH trades by the same whale, which collectively lost $1.8 million.
#ETH
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According to PANews, Lookonchain's recent monitoring has uncovered significant activity involving $BLUR and $LDO tokens by a major whale or institution. In the past week, 34.2 million BLUR tokens, worth about $4 million, were deposited to exchanges. The entity retains 9.22 million LDO tokens, valued at roughly $8.15 million, and 43.69 million BLUR tokens, worth approximately $4.5 million. Previous reports noted that the same institution transferred $3.1 million in LDO tokens to a centralized exchange (CEX) just 25 minutes before the latest update. Over six days, a total of $21.24 million in LDO tokens has been moved to CEX platforms. #BLUR #ldo
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Binance Alpha to List SOON (SOON) Token with Airdrop Event Launching May 23
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Per BlockBeats, Nvidia CEO Jensen Huang revealed that the DGX Spark AI personal computer, now in full production, will be available in weeks. Nvidia is partnering with global PC makers to launch an 'AI-first' DGX computing system, powered by the GB10 super chip and tensor cores. Nvidia also introduced the DGX Station workstation, with Asus, Dell, and HP set to release their versions later this year. #NVIDIA
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At least five major firms from mainland China and Hong Kong plan to list on the Singapore Exchange (SGX) within the next 12 to 18 months, including a Chinese energy firm, a healthcare group, and a Shanghai-based biotech company, with some exploring share placements or dual listings. This move, driven by the escalating US-China trade war with tariffs as high as 145% from the US and 125% from China, reflects Chinese companies’ push to tap Southeast Asia’s growing market amid global trade uncertainties. Singapore’s political stability, recent 20% tax rebate for primary listings, and planned incentives make it an attractive hub, despite challenges like stringent listing rules. While Hong Kong remains the top IPO destination with 71 listings in 2024 compared to SGX’s four, Singapore’s reforms and neutrality are drawing increased interest from Chinese firms seeking to raise capital and boost brand visibility in the region. #market #trade
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ECB to Cut Rates Below 2% in June Amid Trade War Risks: The European Central Bank (ECB) is set to lower its deposit facility rate from 2.25% to 1.75% at its June 5 meeting, marking its eighth consecutive cut in a year. The decision, driven by weak inflation, sluggish growth, and global trade tensions, was signaled by top officials responding to economic risks from President Trump’s tariffs. Pierre Wunsch, Belgium’s central bank governor and ECB Governing Council member, told the Financial Times that rates “slightly below 2%” could support growth, a shift from his cautious stance in February. He linked the move to Trump’s 10-20% tariffs on EU exports, which threaten inflation and growth, alongside a stronger euro and falling energy prices. Eurozone inflation was 2.2% in April, but economists expect further declines. Martins Kazaks, Latvia’s central bank governor, said on CNBC that the ECB is nearing the end of its rate-cutting cycle, with “a couple” more cuts possible this year if inflation remains stable. He noted the euro area’s 0.3% growth in Q1 and warned of recession risks in some countries due to trade policies and weak growth. Markets expect further cuts by year-end, driven by economic headwinds and Trump’s trade agenda.
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