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GBP/JPY holds steady near its highest level since January 2008, above 216.00 ahead of BoE
FXStreet·2026/04/30 06:09
BoE set to keep interest rate steady as Iran war fuels inflation concerns
FXStreet·2026/04/30 06:09
Pundit Says “When XRP Replaces SWIFT, It Will Be Valued Beyond $15k”. Here’s why
TimesTabloid·2026/04/30 06:06
Quantra Partners with SumPlus to Push Forward AI-Led RWA Infrastructure
BlockchainReporter·2026/04/30 06:00
Big Tech Is No Longer the Only Growth Trade in Town
Investinglive·2026/04/30 05:48

PENGU Jumps as the NFT Ecosystem Drives Fresh Market Momentum
Cryptonewsland·2026/04/30 05:45
BoJ Report: Impact of weak Japanese Yen shock on inflation bigger than that from oil shock
FXStreet·2026/04/30 05:45
Twenty One Capital jumps as Tether backs Strike merger plan
Crypto.News·2026/04/30 05:21
India Gold price today: Gold steadies, according to FXStreet data
FXStreet·2026/04/30 05:15

Crypto News Roundup: Block’s Miles Suter on Bitcoin Censorship Resistance
Coinlineup·2026/04/30 05:09
Flash
03:25
Mizuho, TD Cowen Raise Allegro Price Targets as Market Looks for AI Wave Beneficiaries Beyond Tech GiantsBlockBeats News, June 30th, on Monday, US stock sensor and power semiconductor solution provider Allegro MicroSystems (ALGM) rose by 14.7%, closing at $66.37 and reaching a historical high of $67.41 during the day. Mizuho Securities analyst Vijay Rakesh maintained the stock's "Outperform" rating and raised the target price from $54 to $67. The reason is that the company is benefiting from the surge in AI server demand for current sensors, fan drivers, and power semiconductors.
TD Cowen also identified Allegro as one of the "top picks" in mid-cap stocks, with a target price of $70. The firm believes that the electrification of vehicles, autonomous driving, and AI data centers are all long-term growth drivers for the company, with the data center business currently accounting for approximately 14% of Allegro's revenue.
Such rating adjustments indicate that Wall Street is looking for AI beneficiaries beyond NVIDIA and Micron. AI data centers not only require GPUs and high-bandwidth storage but also demand power supply, cooling, sensing, connectivity, and control systems. As capital expenditures shift from cloud providers' budgets to actual construction orders, more small and medium-sized hardware companies are being included in the AI trading landscape.
Analysts also noted that second-tier AI concept stocks typically have lower liquidity and greater valuation elasticity, making their stock prices more sensitive to brokerage ratings and target price adjustments. Allegro's rise reflects the market's optimism about the diffusion of the AI hardware supply chain and demonstrates investors' willingness to pay a higher premium for companies benefiting indirectly from AI.
03:11
Analysis: Excessive Weight of Chip Stocks Pushes South Korean Stock Market into the Danger ZoneBlockBeats news, on June 30, the global artificial intelligence boom has driven the share prices of Samsung Electronics and SK Hynix to historic highs this year, but this rally has also exposed the structural vulnerabilities of the Korean stock market, which is unaccustomed to sharp volatility. SK Hynix and Samsung now account for a record 60% combined weight in Korea's KOSPI Index, compared to about 40% two years ago. Baosheng Head of Equity Research Mathieu Lachet stated that the recent market trends are an important reminder of the risks of concentration. When investors' positions become crowded, periods of high volatility should be expected.
03:11
Prediction market index construction project Adjacent completes $2.5 million Pre-Seed funding roundForesight News reports that the prediction market index construction project Adjacent has completed a $2.5 million pre-seed funding round, with participation from Night Capital, VanEck, UFO Holdings, Maven 11, and DCG. The specific amount of financing has not yet been disclosed.