In today’s market update, we delve into a variety of significant developments that are shaping the financial landscape. From the S&P 500 hitting a three-year high to the impact of Bitcoin ETFs, we cover a range of topics that offer a comprehensive view of the market. Additionally, we provide insights on major stocks such as Tesla, Amazon, and Microsoft, along with the latest news in the cryptocurrency world. Read on for a detailed breakdown of these topics and more.
Hot News
1️⃣ The three major futures indexes dived on Monday.
2️⃣ Market strategists have released data showing that the number of S&P 500 stocks hitting a new 52-week high has reached 118, the highest in three years. The “Big Seven” tech companies saw their gains stall in March, with a market-cap-weighted rise of only 1.6% – their worst performance since last December. However, cyclical industries like energy and finance saw nearly a 12% rise in Q1, indicating a significant improvement in market breadth.
3️⃣ Bank of America warns that if the Fed doesn’t cut interest rates, the U.S. government’s debt interest could soar to $1.6 trillion.
4️⃣ The U.S. government is considering a second wave of chip subsidy plans to continue building U.S. semiconductor manufacturing capabilities.
5️⃣ A former Bank of Japan official suggests that a rate hike won’t be until October at the earliest, rendering the yen’s decline useless.
6️⃣ Seventy-five days after listing, Citigroup calculated the impact of ETF on Bitcoin at 50%.
Stock Information
1️⃣ Tesla (TSLA) saw a slight rise before the market opened, with all Model Y series prices increasing.
2️⃣ U.S. gold stocks rose before the market opened with Cordair Mining (CDE) up nearly 4%, Newman Mining (NEM) up more than 2%, Barrick Gold (GOLD) up nearly 2%, and Eagle Mining (AEM) up over 1%.
3️⃣ MicroStrategy (MSTR) fell more than 5% before the market opened and was shorted by well-known short-selling agency Kerrisdale Capital.
4️⃣ Amazon (AMZN) is training the large model “Olympus” and aims to surpass Claude by mid-year.
5️⃣ To avoid antitrust fines, Microsoft (MSFT) will sell Teams and Office separately globally.
6️⃣ The market value of South Korean memory chip giant SK Hynix exceeded US$100 billion for the first time; as a major supplier of Nvidia, SK Hynix’s high-bandwidth memory (HBM) demand has surged.
7️⃣ Telecommunications giant AT&T confirmed that a large amount of the company’s data was released to the dark web half a month ago, and the company is currently investigating the matter. The leaked data involves 7.6 million current AT&T customers and 65.4 million former customers.
Cryptocurrency Information
1️⃣ According to data from CoinShares, digital asset investment products saw an inflow of US$862 million last week.
2️⃣ LMAX Group CEO predicts that Bitcoin price is expected to reach six figures in the future.
3️⃣ The performance of some cryptocurrencies today:
- SUI’s 24-hour increase reached 6.35%
- BCH broke through $700, with a 24-hour increase of 17.95%
- FIL broke through $10, with a 24-hour increase of 6.38%
- SOL rose 4.01% in 24 hours
- WIF increased by 10.55% in 24 hours
- RAY rose 16.79% in 24 hours
- JUP increased by 17.95% in 24 hours
5️⃣ Ethereum liquidity re-pledge agreement TVL exceeds 8 billion US dollars.
6️⃣ Solana Memecoin token WIF has a market value of US$4.667 billion, surpassing Arbitrum’s US$4.378 billion and ranking 31st.
7️⃣ RWA sector generally rose, POLYX rose more than 16% in the past 24 hours.
8️⃣ LQTY broke through 2 US dollars, with an intraday increase of 26.9%.
9️⃣ The total market value of stablecoins increased by more than US$8 billion in March, and USDE supply surged by 194.9% in March.
