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Citi raises Amazon's price target from $325 to $350

1 hours ago

Citi raised Amazon (AMZN.O)’s price target from $325 to $350.

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A Samsung Electronics executive invested 700 million South Korean won to increase their holdings in the company’s stock.

According to Yonhap News Agency, amid recent sharp fluctuations in Samsung Electronics' stock price, Noh Tae-moon, President and Co-CEO of Samsung Electronics' DX Division, spent approximately 700 million won to increase his holdings in the company. South Korea's Financial Supervisory Service's Electronic Disclosure System (DART) disclosed on July 31 that Noh purchased 3,045 Samsung Electronics shares at 230,000 won per share the previous day, totaling around 700.35 million won. Following this share purchase, his total stake in the company reached 124,280 shares.

5 minutes ago

TD Cowen reiterates its buy rating on Strategy, with a target price of $260.

TD Cowen reaffirmed its "Buy" rating on Strategy and a $260 price target, stating that the company’s management has now explicitly prioritized pushing the price of STRC preferred shares back to their par value. Earlier, Strategy posted an $8.2 billion loss in the second quarter; while building up its cash reserves, the firm has not purchased Bitcoin for the fifth consecutive week.

5 minutes ago

GIGGLE’s market cap briefly topped $40 million, surging over 48% in 24 hours.

According to GMGN monitoring, the market capitalization of Meme coin GIGGLE on the BSC chain briefly exceeded $40 million, currently standing at $39.17 million, with a 24-hour increase of over 48%. BlockBeats Note: Meme coin trading is extremely volatile, largely driven by market sentiment and conceptual hype, with no actual value or practical use cases. Investors are advised to pay close attention to relevant risks.

5 minutes ago

A newly created wallet withdrew 468.30 BTC from BitMEX, worth approximately $29.88 million.

Per monitoring by Onchain Lens, a newly created wallet withdrew 468.30 BTC from BitMEX, worth roughly $29.88 million. This marks the first single withdrawal exceeding $10 million since the crypto exchange announced its cessation of operations.

5 minutes ago

A whale withdrew 4,950 ETH from Binance and staked it to Lido.

According to monitoring by Onchain Lens, a whale withdrew 4,950 ETH (valued at approximately $9.34 million) from Binance and staked it on Lido.

5 minutes ago

US-Iran tensions drive up oil prices, while Eurozone inflation rebound strengthens expectations of interest rate hikes.

Driven by rising oil prices following the collapse of the US-Iran ceasefire agreement, inflation in the Eurozone rebounded in July, further strengthening market expectations that the European Central Bank (ECB) will raise interest rates again. Data released by Eurostat on Friday shows that Eurozone consumer prices rose 2.9% year-on-year in July, up from 2.8% in June. This figure aligns with economists' median forecast, while earlier inflation data released by France and Spain both came in stronger than market expectations. In the Eurozone, energy prices rose 10%; service prices and core inflation indicators (excluding volatile items such as energy and food) also accelerated.

5 minutes ago