A Whale Trader Profited Nearly $500,000 from SPARK Trade, While Also Increasing Their AVA Holdings by 2.79 Million Coins
On August 11th, as monitored by lookonchain, the whale "8dduty" recently achieved a profit of $489,700 on SPARK, with a growth rate of 906.7%. In the past 16 hours, they have purchased 2.79 million AVA tokens, which are approximately worth $118,000.
This whale also holds 509.33 million PUMP tokens, with a value of about $1.83 million.
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Citigroup: Raises Year-End Target for S&P 500 Index, Expects Tax Cut Measures to Offset Tariff Headwinds
On August 11th, the strategist of Citigroup raised the target for the S&P 500 index and claimed that tax cuts should offset the negative influence of tariffs on U.S. companies. The team led by Scott Chronert increased the year-end target for the index from 6300 points to 6600 points, suggesting a roughly 3% growth compared to the close of last Friday.
This quarter's earnings reports were stronger than expected, with little indication of the impact of tariffs on performance, which has driven the stock market to new highs this month. Institutional data shows that more than 81% of S&P 500 index component companies have exceeded expectations, which is the highest level in seven quarters. The Citigroup team stated that companies not only performed well but also mostly maintained their expectations for the second half of the year.
Therefore, market consensus earnings per share expectations are being elevated. They have raised the earnings per share forecast for S&P 500 index component comp
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Two Ivy League Universities Hold Bitcoin Worth Nearly $130 Million
On August 11th, as per a 13F filing made public by the U.S. SEC, two out of the eight Ivy League schools, namely Harvard University and Brown University, have taken positions in Bitcoin assets. Specifically:
Harvard University holds $116.6 million worth of the Valkyrie Bitcoin ETF (IBIT), and it ranks fifth on its asset list.
Brown University holds $13 million worth of the Valkyrie Bitcoin ETF (IBIT), and it ranks third on its asset list.
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Whale "8dduty," who recently profited $489.7K(+906.7%) on $SPARK, bought 2.79M $AVA($118K) in the past 16 hours.
Whale "8dduty," who recently profited $489.7K(+906.7%) on $SPARK, bought 2.79M $AVA($118K) in the past 16 hours. The whale also holds 509.33M $PUMP($1.83M).
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BiyaPay Analyst: Bitcoin and Ethereum Approach Yearly Highs, Boosting US Stock Market "BitStock" Concept Stocks in Overnight Trading
August 11th. According to BiyaPay analysts, during the after-hours trading of the US stock market on August 11th, the "Coin Stock" concept stocks witnessed a continuous surge. Multiple cryptocurrency-related concept stocks exhibited strong performance. Ethereum-related stocks: SharpLink Gaming increased by more than 15%, BitMine rose by more than 20%, BTCS went up by more than 10%, and GameSquare rose by more than 12%; BNB-related stocks: Nano Labs rose by more than 20%, and BNC rose by more than 4%; XRP-related stocks: VivoPower rose by more than 16%; DOGE-related stocks: Bit Origin rose by nearly 15%.
BiyaPay analysts pointed out that this series of gains was attributed to the continuous bullish factors in the cryptocurrency market. Especially, the performance of Bitcoin and Ethereum approaching yearly highs attracted a large number of investors' attention and further boosted the prices of cryptocurrency-related stocks.
In such a market environment, the BiyaPay platform offers user
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Last week, the digital asset sector saw a net inflow of $572 million, with Ethereum ETP leading the market.
On August 11th, as per the latest weekly report from CoinShares, digital asset investment products witnessed inflows during the previous week, reaching a total of $572 million. Earlier this week, there were outflows of $1 billion, which might have been driven by growth concerns following the soft US employment data.
However, in the latter part of the week, inflows reached $1.57 billion, possibly due to the US government's announcement permitting the use of digital assets in 401(k) retirement plans. The trading volume for digital asset ETPs decreased by 23% compared to the previous week, probably because of the subdued summer trading activity. Regionally, inflows in the US and Canada were $608 million and $16.5 million respectively, while Europe continued to experience outflows, with Germany, Sweden, and Switzerland having a total of $54.3 million in outflows.
Ethereum ETP took the lead in the market, attracting $268 million in inflows and becoming the highest among all assets. This l
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