On June 13, on-chain analyst Yu Jin reported that a certain ETH whale has only traded ETH in the past two and a half days, completing a total of 8 trades with both long and short positions, each held for approximately 1 to 2 hours. Out of these 8 trades, 7 were profitable and 1 resulted in a loss, achieving a win rate of 87%. The address increased its principal from $3 million to $6.67 million, realizing a total profit of $3.67 million, with a return rate of approximately 122%.
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ETH Whale Earns $3.67 Million in Two and a Half Days with 87% Win Rate
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Whale Transfers 1,133 BTC to Coinbase Prime, Valued at $71.48 Million
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On July 7, U.S. AI chip stocks experienced widespread declines before the market opened. Intel dropped over 3%, while AMD, Qualcomm, and NXP fell more than 2%. TSMC, Broadcom, and Tesla decreased by over 1%, and NVIDIA declined by 0.7%. -
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On July 7, stocks in the optical communication sector of the U.S. market collectively fell pre-market. Astera Labs dropped over 4%, while Marvell Technology, Credo Technology, and AXT Inc. fell more than 3%. Tower Semiconductor, MaxLinear, Corning, Applied Optoelectronics, GlobalFoundries, Lumentum, and Qorvo all declined by more than 2%. Coherent, Nokia, Amphenol, and Broadcom dropped over 1%. -
Pre-market Decline in U.S. Storage Stocks
In pre-market trading, U.S. storage concept stocks experienced a widespread decline, with Micron Technology falling by 4.8%, SanDisk dropping over 4%, Corning down more than 2%, and Intel decreasing by over 3%. -
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On July 7, the National Financial Supervision and Administration Bureau and the Shanghai Municipal Government released several measures to accelerate the construction of the Shanghai International Reinsurance Center. Among these measures, they proposed to enhance the quality and efficiency of the reinsurance industry, support reinsurance institutions in increasing capital and expanding shares, and issuing supplementary capital tools to improve the capacity for internal capital accumulation and external capital supplementation, thereby strengthening the reinsurance industry's capabilities. The initiative aims to guide the insurance industry to focus on major national projects, strategic emerging industries, and livelihood security, consolidating insurance and reinsurance underwriting capabilities to enhance risk protection levels. It also supports reinsurance institutions in leveraging their professional technical advantages to assist the insurance industry in reducing risk.
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