BitMine increased its holdings by approximately 102,200 ETH last week, bringing its total holdings to over 3.96 million ETH.
According to Jinse Finance, as of December 14th, Eastern Time, the total amount of cryptocurrency + cash holdings + "Moon Plan" on a certain exchange reached $13.3 billions. The exchange holds 3,967,210 ETH (an increase of 102,259 ETH compared to last week); 193 BTC, $38 million worth of the exchange's own shares, and $1 billion in unsecured cash.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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The inflation bill has arrived, and Wall Street is starting to discount the "profit feast" of American companies.
Wall Street analysts have lowered their US stock earnings forecasts for the first time in 23 weeks, ending the longest streak of upward revisions since September 2021. High inflation and rising energy costs are squeezing profit margins in sectors such as consumer, raw materials, and finance. The combination of pressure on corporate earnings (the numerator) and rising discount rates (the denominator) is exposing US stocks to significant valuation adjustment risks.
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