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- 🚀 Gate Square Newbie Village · Episode 1 ✖️ @Ryakpanda Community
Let’s cheer on crypto beginners together!
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If merchandise cannot be shipped, it will be replaced with a $30 Futures Voucher
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Analysis: MicroStrategy is relatively overvalued compared to BTC, but the stock price is expected to continue to pump
Odaily Planet Daily News MicroStrategy (MSTR) stock price soared to $190 for the first time since the end of March, closing pump 5.5%. Markus Thielen, Founder of 10x Research, stated in a report that the MicroStrategy stock price breaking the $180 level could bring more momentum, although his analysis shows that the stock is overvalued by 44% relative to BTC. If the stock price exceeds $180, the Hedging Fund holding $4.6 billion short positions may face Margin Replenishment pressure. In addition, due to the strong demand for the company's bonds in the market and the increasing issuance, this pump may prompt MicroStrategy to raise more debt to buy BTC. 'It seems logical to buy BTC through debt,' he wrote, 'the breakthrough in MicroStrategy's stock price may have a 'reverse order of priority' effect, and its stock price momentum will have a positive impact on BTC prices, forming a feedback loop.' (CoinDesk)