[TD Cowen Lowers Sharplink Target Price to $13, Maintains Buy Rating] According to The Block, brokerage TD Cowen has lowered Sharplink's target price from $16 to $13, citing a reduction in its end-of-2026 Ethereum price forecast to $2,371. TD Cowen maintains a buy rating on Sharplink and noted that Sharplink completed $75 million in financing, purchased 10,000 ETH, and initiated a 2.13 million share stock buyback.
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More >Rui Dalio: AI has revolutionary value, but there are risks of overvaluation and leveraged foam in the market
Rui Dalio, founder of Bridgewater Fund, said that AI has revolutionary value to change the production mode, but the current market has the characteristics that conform to the historical foam law, the asset valuation is far higher than the actual profitability, and high leverage will amplify the risk of foam bursting. Rui Dalio suggests that investors reduce risk through diversified allocation of stocks, cash, gold, bonds, and real estate, among which gold can play a role in diversifying risk during periods of currency depreciation and rising financial pressure. Regarding the job market, Ray Dalio believes that AI will replace some repetitive mental labor, and in the future, people who can collaborate with AI and continuously adapt to changes will have a greater advantage.
Former CEO of Barclays Bank calls on Wall Street to support Bitcoin Clarity Act
Former CEO of Barclays Bank called on Wall Street to support the Bitcoin Clarity Act during a CNBC livestream and stated that the bill is about to pass. (The Bitcoin Historian)
Pump.fun 在代币解锁前裁员,部分前员工错失 100 万美元 代币分配
[Pump.fun Layoffs Before Token Unlock, Some Former Employees Miss Out on $1 Million Token Allocation] According to Sandmark, Pump.fun has been accused of conducting two rounds of layoffs before the token unlock, resulting in at least one former employee losing a PUMP token allocation worth $1 million at current prices. Co-founder Noah Tweedale stated in an internal meeting that the layoffs were due to the company expanding too quickly. Former employees reported that the company conducted a second round of layoffs in mid-July, with over 40 employees laid off in total over the past two months. Pump.fun operates in the UK under the name Baton Corporation Ltd and is currently on the UK Financial Conduct Authority's warning list. Additionally, its latest annual report is overdue for submission.
Dubai-based crypto exchange tied to $4 billion Iran sanctioned-evasion network
Shelbit allegedly sent hundreds of millions of dollars to major crypto exchanges, including Binance, as it linked gambling sites and sanctioned Iranian entities to global crypto markets.
KOMA heat rises, 24-hour trading volume increases
KOMA's trading volume has increased to 35.8 times the average level of the past 7 days in the past 24 hours, with a cumulative price increase of 219.1%. It is now reported at $0.0247 and currently ranks 8th on the AiCoin hot search list. The significant amplification of transactions accompanied by price strength usually reflects an increase in capital participation and the dominance of long positions. At the current stage, the flow of funds, transaction structure, and the movement of large amounts of funds deserve special attention. By using AiCoin PRO's "Main Large Orders" and "Main Transactions", one can further observe the buying and selling situation of large funds, the price range of transactions, and the sustainability of funds. The above content is for reference only and should not be used as any investment advice