Search results for Magnificent 7
Crypto
SpaceX IPO: Could it be bad news for tech stocks, and what about bitcoin?
SpaceX plans a $75 billion IPO in June while holding 18,712 bitcoin, the largest confirmed bitcoin holding among firms preparing to list or recently filing. It disclosed bitcoin worth about $1.45 billion, while Tesla holds 11,509 bitcoin. Markets are also watching potential fast entry into the Nasdaq 100 within 15 trading days. Some expect passive rebalancing to pressure major tech stocks, while bitcoin could face short-term downside given its high correlation with mega-cap tech shares.
Crypto
OKX launches perpetual stock contracts including \'Magnificent 7\'
Cryptocurrency exchange OKX has introduced perpetual stock contracts, expanding options for global stock investing using cryptocurrencies, The Block reported on March 14. The launch gives investors 24-hour access to major global stocks and indices, including the \'Magnificent 7\' group of Nvidia, Tesla, Apple, Alphabet, Microsoft, Amazon and Meta. It also includes crypto-related companies such as MicroStrategy, Coinbase, Robinhood and Circle, and technology stocks including Palantir, Intel and SanDisk.
Crypto
Coinbase starts cryptocurrency futures trading in 26 European countries
Coinbase has started cryptocurrency and equity index futures trading in 26 European countries, Cointelegraph reported on March 9. The service is available to Coinbase Advanced users and includes bitcoin and solana futures, plus a “Magnificent 7+ crypto stock index” futures contract covering Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla. Coinbase is also launching two cash-settled futures contracts, with some products offering up to 10 times leverage.
