MarsbitNews

Mars Finance news, September 3: Market news: The Bank of Japan is reportedly inclined to raise interest rates by 25 basis points and plans to adopt flexible policy measures going forward.

As the November midterm elections approach, Mars Finance reports that high oil prices in the United States have become a core economic challenge for the government. Despite multiple interventions, constraints on refining capacity, transportation, and global supply have limited their effectiveness. Diesel prices have reached an all-time high, while gasoline prices have also surpassed $4 per gallon. The White House has promoted the release of strategic petroleum reserves, tax relief, a temporary suspension of the federal gasoline tax, and restrictions on diesel exports, but these measures are unlikely to fundamentally increase supply. If shipping through the Strait of Hormuz is disrupted and the Russia-Ukraine conflict continues, fuel prices are unlikely to fall in the short term. The room for further releases from the SPR is limited, and global supply remains constrained.

Mars Finance reports that on October 9, Polychain Capital founder and CEO Olaf Carlson-Wee announced at the Network State conference that Polychain is leading a new funding round for Network School, valuing the company at $2 billion. Andreessen Horowitz (a16z), Coinbase, and

Mars Finance reports that the term premium has surged to levels not seen in more than a decade over the past few weeks, triggering a new round of sell-offs in U.S. Treasuries and pushing Treasury yields to their highest level in 24 years. Frank Rybinski, head of macro strategy at Aegon Asset Management, said the rising term premium indicates that the market trend is sustainable. Barclays noted that factors including macroeconomic uncertainty and increased bond supply have jointly driven the recent rise.

Mars Finance News, October 9: Aerospace Engineering announced that its controlling subsidiary, Aerospace Hydrogen Energy Co., Ltd., plans to use RMB 190.575 million in its own funds to acquire a 45% stake in Aerospace Hydrogen Energy Xinxiang Gas Co., Ltd. held by Aerospace Hydrogen Energy Gas (Beijing) Co., Ltd. Upon completion of the transaction, Aerospace Hydrogen Energy’s equity interest in Xinxiang Gas will increase from RMB 209 million to RMB 380 million, and its shareholding ratio will increase from 55% to 100%. Xinxiang Gas will become a wholly owned subsidiary of Aerospace Hydrogen Energy. The transaction will not change the scope of the company’s consolidated financial statements. (Company announcement)

MAC_D points out that Bitcoin’s pullback from its October 5 high to its October 9 low was approximately 7.6%, close to but below the historical average of 14.39%. Pullbacks in previous bull market cycles were generally larger, while the pullback in the latest cycle has been relatively mild. Applying 14.39% to the recent high would correspond to approximately $74,500, which can serve as a downside reference. It is recommended to build a position in batches around $80,000 and increase buying in the $74,000–$75,000 range.

Mars Finance reports that Barclays has initiated coverage of SpaceX (SPCX.O), assigning it an overweight rating with a price target of $254.

Mars Finance reports, according to The Block, that Cathie Wood’s Ark Invest sold approximately $21.7 million worth of Robinhood shares and $4.7 million worth of SpaceX shares on Thursday, and reduced its holdings in its spot Bitcoin ETF ARKB by approximately $1.8 million.

Mars Finance reported on October 9 that SK Group Chairman Chey Tae-won said Friday that chipmaker SK Hynix is planning to build a new semiconductor industrial cluster in Gwangju, South Korea, as soon as possible, betting on strong demand growth, but did not disclose a specific construction start date. Chey Tae-won said the company had brought forward the construction schedule for its Yongin semiconductor complex by 12 years and may need to advance multiple projects simultaneously if necessary. (Wide-Angle Observation)

Mars Finance News, October 9: Starbucks is reportedly exploring the possibility of acquiring Mexican fast-food chain Chipotle. Starbucks’ CEO previously led Chipotle, and a potential deal could create business synergies for both sides. However, Chipotle’s market capitalization is approximately $42 billion, and the high acquisition cost and integration risks have raised concerns. (Xiaoyan Institute)

Mars Finance reported on October 9 that Coinbase CEO Brian Armstrong called for more small-scale governance experiments or the establishment of innovation sandboxes at the federal level. He believes that debating every reform nationwide unnecessarily increases the cost of learning and trial and error while slowing progress. Armstrong said, “Competition is the best consumer protection mechanism in history, while government is the only sector structurally exempt from competition.” He suggested testing faster permit approvals, relaxed regulations, or different rules in specific areas, such as 10 square miles of federal land, and then evaluating the results so that successful practices can be gradually expanded.

Mars Finance reported that a report indicates Intel’s packaging technology is gaining continued market recognition. Nvidia may adopt Intel’s Foveros chip technology in 2028, when the technology is also expected to enter mass production. (Cailian Press)

Mars Finance reports that, according to the City of London Police, 25-year-old London resident Ajay Shinjin, also known as AJ Marley Cruz, was sentenced to two and a half years in prison by the Inner London Crown Court for participating in a SIM-swap scam. On September 28, he pleaded guilty to two charges: conspiracy to commit fraud by false representation and transferring criminal property. The case involved the theft of nearly £200,000 (approximately $265,000) worth of cryptocurrency. In early November 2021, UK telecommunications operator BT detected unauthorized activity on its systems. Customers’ phone numbers had been transferred to SIM cards controlled by criminals, who used them to intercept one-time passcodes sent by banks and cryptocurrency platforms via text message. Based on device data provided by BT, police identified multiple suspects. Shinjin was linked to four of the devices. He received more than

Mars Finance news: On October 9, Intel rose more than 2% in premarket trading in the U.S., amid reports that Nvidia may adopt Intel’s Foveros packaging technology. (Kegubao report)