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VIPLSD (Liquid Staking Derivative) Top ProjectsBitget·2023/08/02 06:00
VIPLeading projects in the RWA (Real-World Assets) ecosystemBitget·2023/07/26 06:00
VIPLeading projects on OptimismBitget·2023/07/18 06:00
Flash
- 07:45Analyst: Capitulation sentiment among short-term holders continues to intensify, volatility may persistJinse Finance reported that CryptoQuant.com analyst XWIN GROUP stated that the capitulation sentiment among short-term holders continues to intensify. "Volatility may persist, but the purge of 'weak hands' is progressing smoothly — historically, this process marks that the correction has entered its later stages, rather than just beginning."
- 07:38Saudi real estate company to tokenize Maldives Trump Hotel, targeting US investorsChainCatcher News, according to Reuters, Saudi real estate developer Dar Global plans to raise most of the funding for its new Trump-branded hotel project in the Maldives by tokenizing the project and selling tokens to US retail investors. Dar Global CEO Ziad El Chaar told Reuters that the company will tokenize up to 70% of its luxury resort project as a primary financing strategy, leveraging blockchain technology to maximize the distribution of token holders. Unlike the usual model where tokenization occurs only after real estate is completed, Dar Global and the Trump Organization's plan will tokenize the development phase, allowing investors to gain exposure from the very start of the project, according to a press release issued on Tuesday. According to another report from Bloomberg, the Maldives project is currently valued at about $300 million, and Dar Global intends to retain a 30% to 40% ownership stake.
- 07:34Matrixport: MicroStrategy Unlikely to Be Forced to Sell Coins in the Short Term, but Investors Entering at High Premiums Face the Most PressureJinse Finance reported that Matrixport released a daily chart analysis stating that MicroStrategy remains one of the most representative beneficiary companies in this bitcoin bull market. The market has previously been concerned about whether the company would be forced to sell its bitcoin holdings in the future to repay debts. Based on the current asset-liability structure and debt maturity distribution, we judge that the probability of "being forced to sell bitcoin to repay debts" in the short term is relatively low and is not the main source of current risk. Currently, the greatest pressure is on investors who bought in at high premiums during the peak period. Most of MicroStrategy's financing occurred when the stock price was close to the historical high of $474 and the net asset value (NAV) per share was at its peak. As NAV gradually declined and the premium compressed, the stock price also retraced from $474 to $207, causing significant floating losses for investors who entered at high premiums earlier. Using the current bitcoin rally as a reference, MicroStrategy's current stock price has clearly retraced from previous highs, making its valuation relatively more attractive, and the expectation of being included in the S&P 50 index in December still exists. Even so, this round of adjustment still reminds us that both timing and valuation are equally important, and investors need to be more cautious in controlling entry prices and timing of purchases.