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Bernstein Raises Broadcom's Price Target from $525 to $550

2 hours ago

On June 4, Bernstein announced it had raised its price target for Broadcom (AVGO.O) from $525 to $550. In pre-market trading, Broadcom’s stock fell more than 14% to $410. For additional analysis, check out BlockBeats’ latest article: “Earnings Doubled But Stock Price Plummeted, What Signal Is Broadcom Sending?” (https://www.theblockbeats.info/news/62621)
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The initial jobless claims in the United States for the week ending on May 30th were 225,000, compared to the expected 213,000.

U.S. initial jobless claims for the week ending May 30 hit 225,000 on June 4, exceeding the 213,000 consensus estimate. The prior week’s figure was revised down from 215,000 to 212,000, FXStreet reported.

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Whale Buy-the-Dip Strategy: "7 Siblings" Borrow $58 million from Spark to Purchase 32,919.2 ETH

On June 4, per on-chain analyst Wu Jinyu’s monitoring, the bottom-fishing whale dubbed “7 Siblings” raised a total of $58 million in borrowings from Spark that day to buy 32,919.2 ETH at an average price of $1,762.

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Bitwise Advisor: Bitcoin Sold Off Not Due to Strategy, but Capital Rotation to Popular Targets such as SpaceX, Anthropic

On June 4, Bitwise advisor Jeff Park announced via social media that he does not attribute Bitcoin’s recent sell-off to MicroStrategy’s Bitcoin sale. Park holds that Bitcoin was more likely used to fund upcoming hot market trades—such as investments in SpaceX, Anthropic, and other assets investors have suddenly labeled "must-hold" picks. He added that this breakdown of future relevance itself will become new fuel for Bitcoin’s trajectory.

1 seconds ago

Bitget launches BB, SMR, and SITM Stock Contracts, supporting up to 20x leverage

On June 4, Bitget released an official announcement stating that its stock contracts have opened for trading three new underlying assets: SMR (NuScale Power Corporation), SITM (SiTime Corporation), and BB (BlackBerry Limited). The newly launched contracts cover hot growth areas including nuclear technology, high-performance chips, and smart security, with leverage of up to 20x available. For more details, please refer to Bitget’s official platform.

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Blackstone's Private Credit Fund Sets Investor Redemption Limit at 5%

June 4. Per market sources, a private credit fund owned by Blackstone Group has capped investor redemptions at 5%. (Financial News)

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「Stock Market Oracle」 Serenity: Today's US Stock Market Pullback is a Normal Adjustment, Overall Long-Term Trend Remains Unchanged

On June 4, in response to today’s broad-based pullback in the U.S. stock market, so-called "Stock God" Serenity commented that he views this as a standard market-wide correction, noting the market’s long-term trend remains fully intact. Serenity further stated: "In my estimation, this is a comprehensive, normal pullback. The overall long-term direction of the market stays unchanged."

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