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BTC $77,989.61 +4.91%
ETH $2,456.63 +5.75%
BNB $645.38 +3.09%
XRP $1.50 +5.51%
SOL $90.24 +5.07%
TRX $0.3255 -0.33%
DOGE $0.1017 +4.67%
ADA $0.2655 +5.17%
BCH $458.83 +4.21%
LINK $9.82 +4.82%
HYPE $45.20 +2.92%
AAVE $117.89 +7.95%
SUI $1.03 +5.29%
XLM $0.1757 +7.25%
ZEC $343.74 +2.56%

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Tom Lee: The net effect of the war on the U.S. economy is positive, and the market has begun to price in favorable outcomes

Tom Lee, chairman of BitMine, a company in the Ethereum treasury, stated in an interview with CNBC, "The reason the stock market remains resilient is that even in the face of war, the economy is actually performing better than expected." He pointed out that defense spending is currently about $30 billion per month and could rise to $60 billion per month in the future, which has a significant stimulating effect on the economy; meanwhile, the rise in oil prices by $20 per month only adds about $12 billion in burden to households, "Overall, the war is actually helping corporate profits right now."Tom Lee cited historical precedents, saying, "Looking back at World War II, the stock market bottomed out in May 1942, just five months after the U.S. entered the war, and at that time, no American troops had even set foot on the European or Pacific battlefields." He believes, "The market is very good at pricing in outcomes ahead of time; the current rise in the stock market means that the market is pricing in a favorable outcome, although I can't clearly articulate the specific reasons, but that's the signal conveyed by the market's performance."Regarding the three major variables in the current market— the Iran war, corporate earnings reports, and interest rates—Tom Lee stated, "Among the three, only war can create tail events in both directions, so this is the variable that deserves the closest attention." In terms of sector allocation, he remains bullish on the energy sector and pointed out that energy security is one of the most important structural themes in recent years.

Insiders: The Dark Side of the Moon is considering going public in Hong Kong and has begun discussions with companies like Goldman Sachs

According to a report by Bloomberg, Kimi's parent company, Moon's Dark Side, is in the preliminary stages of considering an initial public offering in Hong Kong and has begun discussions with China International Capital Corporation and Goldman Sachs regarding the listing cooperation. The specific timing has not yet been determined, and the planning is still underway, with the possibility that it may not proceed. Both Moon's Dark Side and Goldman Sachs declined to comment, and China International Capital Corporation did not respond.After completing over $700 million in financing earlier this year, Moon's Dark Side is negotiating a new round of financing, with a scale of up to $1 billion, which would bring its valuation to approximately $18 billion after this round of funding. Its C round valuation was about $4.3 billion at the end of last year, and the valuation has since risen rapidly. Founder Yang Zhilin stated in an internal letter at the end of last year that the company has 10 billion RMB in cash and is "not in a hurry to go public in the short term." There were also rumors of a "backdoor listing" last December, which the company denied.Competitors in the same sector, Zhiyu and MiniMax (Xiyu Technology), have already gone public on the Hong Kong Stock Exchange, and taking advantage of the investor enthusiasm generated by peers going public, Moon's Dark Side has been accelerating its financing in the private equity market.

Gate Alpha Peak Trading Competition has begun, claim a $50,000 airdrop, and enter the lottery to win gold bars and an iPhone

According to official news, Gate Alpha officially launched the "Peak Trading Competition" event on March 24, open for trading in all currencies in the Alpha Zone. Users can register and trade to participate in sharing a prize pool of up to $50,000 USDT. The event uses a total trading volume mechanism to unlock the prize pool; the higher the number of participants and trading volume, the more rewards can be unlocked, with a maximum individual reward of $2,100 USDT for leaderboard rankings.At the same time, users will receive 1 lottery chance for every 500 USDT traded, with a 100% winning rate. Prizes include fee rebate vouchers, gold bars, and the chance to win an iPhone 17 Pro Max valued at $1,399. New users can also draw extra on their first order. All participating users can receive rewards, and those who trade a total of 100 USDT can directly receive a 10 USDT fee rebate voucher.The top 4 cryptocurrencies by increase today on Gate Alpha are: Dragon (740.86%), ESOTERIC (688.38%), ABSTRAKT (459.43%), and Dog bot (364.69%).Gate Alpha now supports popular public chains such as SOL, ETH, Gate Layer, BSC, Base, SUI, ARB, World Chain, AVAX, Polygon, LINEA, ZK, OP, and Berachain, and enables seamless trading of tokens across all chains through the contract address search function, facilitating cross-chain trading and achieving one-click access to on-chain tokens.
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