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11:42
Big Short Burry Shorts Semiconductor Sector, Says Rally Lacks Fundamental Support
Glonghui, April 25th|Michael Burry, the legendary hedge fund manager and real-life inspiration for the main character in the movie "The Big Short," posted on Substack that he has established new short positions, buying put options on the iShares Semiconductor ETF (SOXX), and stated directly that the current rally lacks fundamental support. Burry bought SOXX put options with a strike price of $330, expiring in January 2027; he also established put option positions on Nvidia with the same expiry. The Philadelphia Semiconductor Index rose for the 18th consecutive trading day on Friday (24th), setting a record for the longest continuous increase ever. Burry noted that he knows the Philadelphia Semiconductor Index will fall back, and the old generation of semiconductor industry veterans know this as well. He stated that the current rally is largely driven by technical factors. Amid large-scale data center expansion, the narrative of chip supply shortages is extremely strong. He said that if he currently held long positions in semiconductor stocks, he would choose to sell.
11:11
On Polymarket, the probability of MegaETH reaching a market cap of over 1 billion dollars on its launch day is 88%.
According to ChainCatcher, the latest data from Polymarket shows that the current market probability for "MegaETH having a fully diluted valuation (FDV) exceeding 1 billion US dollars one day after launch" is 88%. The probability of the valuation exceeding 600 million dollars is 97%, exceeding 800 million dollars is 93%, exceeding 1.5 billion dollars is 56%, and exceeding 2 billion dollars is 31%. Previous reports stated that MegaETH may hold its TGE on April 30.
11:05
In the past 7 days, USDC circulation decreased by approximately 700 million, with a total circulation of 78 billion.
According to official data reported by ChainCatcher, in the 7 days leading up to April 23, Circle issued approximately 5.1 billion USDC and redeemed about 5.8 billion USDC, resulting in a decrease in circulation of roughly 700 million USDC. The total USDC in circulation is 78 billion, with reserves of around 78.2 billion US dollars. This includes approximately 47.2 billion US dollars in overnight reverse repo Treasury securities, about 19.4 billion US dollars in Treasuries with a maturity of less than 3 months, roughly 11 billion US dollars in systemically important institution deposits, and around 600 million US dollars in other bank deposits.
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