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As Fed Rate Cut Looms, Here's Why Bitcoin Could See a Big Surge
Bitcoin returns to $100,000! Hong Kong stock market Cryptos Concept stocks and ETFs are strengthening, with Bosera Ethereum and others rising over 7%.
① How do Institutions view the future performance of Bitcoin? ② What is the reason for MEITU's significant rise after clearing out its MMF?
Trending Industry Today: MEITU Leads Gains In Crypto Stocks
[Hong Kong Stock Connect] MEITU (01357) rose by 6.29%. Morgan Stanley stated that the company's sale of Cryptos as a return to Shareholders marks a significant improvement in company management.
Jinwu Financial News | MEITU (01357) stock price has risen, as of this report, up by 6.29%, at 3.21 Hong Kong dollars, with a trading volume of 0.177 billion Hong Kong dollars. In terms of news, MEITU has liquidated its Cryptos for about 1.3 billion yuan, gaining approximately 0.571 billion yuan. The company intends to distribute about 80% of the net proceeds as a special dividend, with the remainder used to expand its Business, focusing on subscription-based imaging and design products. Morgan Stanley noted that MEITU's stock price has long deviated from its fundamental value due to its holdings in Cryptos, leading long-term value investors to question MEITU's operational focus. Selling all Cryptos will be used for Shareholder returns and Business expansion.
Hong Kong stock movement | MEITU (01357) currently up nearly 5% with the official release of the new Sora version. Morgan Stanley indicates that the demand for MEITU's design studio is better than expected.
MEITU (01357) is currently up nearly 5%, as of the time of writing, it is up 4.64%, priced at 3.16 HKD, with a transaction amount of 56.7753 million HKD.
Between $95K and $100K, Bitcoin Changes Long-term Holders
102385756 : They sold already brother, that's why rise today. They cashed in