NFT stands for Non-Fungible Token. It is a digital asset that can be identified through its unique qualities held within its metadata. Due to the way they are designed and minted, NFTs are unique and cannot be replaced, altered, or changed in any way. Once they have been created, they will be permanently etched on the blockchain’s public ledger for all to see. The NFT concept includes major US-listed companies that engage in the NFT industry.
AppLovin Sees Worst Day in 2 Years After Stock Fails to Make the Cut for S&P 500
On the night when Chinese concept stocks rose, small coins crashed.
In the past 24 hours, more than 567,000 people across the Cryptos network were liquidated, with a liquidation amount reaching 1.71 billion dollars, the second highest in history. Bitcoin briefly fell below 95,000 dollars, while Ethereum came close to 3,500 dollars at one point. The Small Cap Index recorded the largest intraday drop of the year.
Alibaba Games is about to launch an attack.
Inject enthusiasm.
Last night, china assets went "crazy."
Overnight, the nasdaq Golden Dragon china index rose over 8.5%, marking the best single-day performance since the end of September. Popular Chinese concept etfs surged collectively: the largest MCHI increased by 7.7%, the FXI, which tracks large Chinese companies in the Hong Kong stock market, rose over 8%, and the only major Chinese concept etf tracking the A-share market, ASHR, gained nearly 7%. The most insane increase came from the three times leveraged FTSE China, YINN, which soared 24% overnight and continued to rise over 2% after hours.
Eric Trump, the second son of Donald Trump: Modern banks are outdated, and the usa must lead the cryptocurrency trend.
① Eric, the second son of Trump, stated that a set of "reasonable" regulatory guidelines could make the usa a superpower in cryptos; ② Recently, Trump nominated crypto supporter Paul Atkins to become the SEC chairman, which pushed the bitcoin price to briefly exceed the 0.1 million dollar mark; ③ Eric mentioned that americans want to see efficiency and hope the government does not hinder businesses.
U.S. stocks closed lower: all three major indexes fell, Chinese concept stocks celebrated all night, and the Golden Dragon Index surged by 8.5%.
① The nasdaq china golden dragon index rose by 8.54%, while the ftse china 3x long etf (YINN) increased by 23.78%; ② OpenAI officially launched the AI video generation model Sora; ③ A man involved in the murder case of the insurance giant's CEO in New York was arrested in Pennsylvania; ④ mondelez international is reportedly exploring the acquisition of the usa chocolate producer hershey.
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