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Share link:In this post: The S&P 500 is hitting new highs, but only a small number of mega-cap tech stocks are driving the gains. Similar narrow market rallies in the past have often led to weaker performance over the following 12 months, according to data going back to 1972. Some analysts believe potential interest rate cuts by the Federal Reserve could boost participation from smaller stocks and help stabilize the rally.
Share link:In this post: X said it’s “deeply concerned” about press censorship in India after being ordered to block over 2,300 accounts, including Reuters. India’s government denies issuing a new blocking order and claims it quickly asked X to restore the Reuters accounts. The dispute highlights ongoing tensions between X and Indian authorities over content takedowns and press freedom.
Share link:In this post: Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to license and oversee crypto service providers. The Pakistan crypto market has over 40 million users and $300B in annual trading volume. The government also allocated 2,000 megawatts of electricity for Bitcoin mining and plans to establish a strategic Bitcoin reserve.
- 19:43Andrew Tate, a KOL with millions of followers, shorts YZY with a position size of $175,000According to ChainCatcher, monitoring by @mlmabc has revealed that KOL Andrew Tate, who has tens of millions of followers, has just opened a $175,000 short position on YZY (Kanye West’s meme coin), with an entry price of $0.8523 and a liquidation price of $1.0306.
- 19:34US Dollar Index rises 0.41% on the 21stAccording to Jinse Finance, the US Dollar Index rose by 0.41% on the 21st, closing at 98.619 in the foreign exchange market.
- 19:17"Big Brother Machi" Long Position Unrealized Loss Narrows to $8.4 MillionAccording to ChainCatcher, on-chain data shows that "Machi Big Brother" Jeff Huang currently holds long positions in BTC, ETH, HYPE, PUMP, and YZY with a total value exceeding $140 million. His unrealized losses have narrowed to $8.4 million, after previously exceeding $10 million. Among these, his ETH long position has surpassed $100 million, with an entry price of $4,553.74 and a liquidation price of $3,132.56, resulting in an unrealized loss of $6.61 million.