Benchmark reaffirms Coinbase buy rating with target price of $270

Sharon AI announced the issuance of convertible senior notes to raise $700 million to support its computing agreement with Nvidia.

At the opening of the US stock market, the Dow Jones Industrial Average rose 37 points, the Nasdaq rose 118 points, and the S&P 500 index rose 0.13%.

According to CoinDesk, SpaceX's latest market value has exceeded $2.5 trillion, with a range of $2.6 trillion, a cumulative increase of over 40% since its listing on June 12, approaching twice the market value of Bitcoin. SpaceX currently has a loss of approximately $494 million and revenue of approximately $18.67 billion, corresponding to a valuation of over 130 times revenue.

Bitwise CIO Matt Hougan said that for long-term investors, the bottom of Bitcoin is not important, the key is whether it will rise to $100000, $200000, and $1 million in the future. （Bitcoin Archive）

Developer unconst has submitted a Root Reborn governance proposal to restructure the TAO staking income mechanism, transforming validators into capital allocators to alleviate selling pressure. The proposal suggests that validators independently choose supported subnets and invest the proceeds into asset portfolios, which is currently in the GitHub code review stage. TAO has fallen by about 28% in the past 12 months, while Bitcoin has fallen by about 38% during the same period. The current annualized staking income is about 17%.