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11 minutes ago · 12:26 PMStephen Alpher
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Wall Street is bullish as sell-side begins coverage of Space X
With the 25-day quiet period following the IPO having concluded, Wall Street on Tuesday is launching coverage on SpaceX (SPCX). To no one's surprise, the sell-side is overwhelmingly bullish.
The two lead underwriters — Goldman Sachs and Morgan Stanley — both gave SpaceX buy-equivalent ratings, though Goldman's Eric Sheridan set just a $205 price target, while Morgan Stanley's Adam Jonas gave the stock a $300 target.
SPCX shares are flat premarket at $160, remaining nicely higher than the $135 IPO price.
Other buys, or buy-equivalent ratings, are coming from Bank of America, Citigroup, Deutsche, JPMorgan, Macquarie, RBC, UBS, and Wells Fargo.
The highest price target so far appears to be $800 from Raymond James' Brian Gesuale, who initiated with a strong buy rating.
"We see the company as one of the defining industrial infrastructure companies of the 21st century," wrote Gesuale and team.
55 minutes ago · 11:42 AMJames Van Straten
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Samsung's soaring profit fails to impress after AI chip rally
Samsung (005930) missed Q2 2026 revenue estimates, reporting $113 billion against a consensus of $113.9 billion. Despite posting a record operating profit of $59.1 billion, a 19-fold year-over-year surge fueled by AI memory demand.
Samsung fell 7% on Tuesday, while the effect extended across the memory sector, with leading peers Micron Technology (MU) and Sandisk (SNDK) both falling 6% in pre-market trading. While the Roundhill Memory ETF (DRAM) is also down 6%.
The outlook, however, remains strong, analysts expect memory chip shortages to persist through at least 2027, and DRAM selling prices rose more than 40% in the April to June quarter alone
1 hour ago · 11:14 AMOmkar Godbole
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Big HYPE options trade points to expectations for price consolidation below $70
Activity in HYPE options listed on decentralized exchange Derive has picked up this week, with some traders betting on boring price action below $70 over the next couple of weeks.
A sizeable long call condor involving 400,000 contracts has stood out in the options tape. The structure buys the 70 call, sells the 75 and 80 calls, and buys the 85 call, all in the July 24 expiry, according to data source Laevitas.
The setup delivers maximum profit if HYPE finishes between $75 and $80 at expiry on July 24. It points to traders expecting the price to stay calm and range-bound in that zone over the coming weeks.
8:07 a.m., July 7Omkar Godbole
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USDT's dominance rate slips from four-year high
USDT's dominance rate, which measures the leading stablecoin’s share of the total crypto market, has pulled back from four-year highs, a positive sign for bitcoin (BTC) and other tokens.
The dominance rate now stands at 8.54%, down from a peak of 9.35% hit last month. That was the highest level since the second half of 2022, according to TradingView data.
USDT is widely viewed as a tokenized version of the U.S. dollar, the world’s reserve and safe-haven currency that typically attracts capital during periods of economic or market stress.
As a result, rising USDT dominance is often associated with market downturns, while declining dominance tends to signal renewed risk appetite across the broader crypto market.
6:51 a.m., July 7Shaurya Malwa
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Bitcoin and ether ETFs drew fresh inflows Monday as the bid starts to return
U.S. spot bitcoin ETFs pulled in $265.69 million on Monday, the largest daily inflow in over a month and the second in three sessions after July 2 broke a long run of outflows, per SoSoValue data. Ether ETFs added $20.66 million the same day, led by BlackRock's ETHA at $23.29 million.
BlackRock's IBIT absorbed $209.40 million of the bitcoin total, with ARKB taking in $32.98 million and Grayscale's mini BTC fund adding $42.25 million. GBTC shed $44.45 million, the only fund in the red.
The daily turn has not fixed the weekly picture yet. Spot bitcoin ETFs still lost a net $526.6 million over the shortened holiday week, an eighth straight week of negative flows. Ether ETFs lost $13.7 million on the week.
Total bitcoin ETF assets climbed back to $77.32 billion from a June 30 low of $70.95 billion, helped by both the price recovery and the returning bid. Bitcoin traded near $63,200 as the data landed, per CoinDesk data.
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