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News on Medial
Top nine tokens to watch in the upcoming bull run - The Economic Times
Economic Times
·
23d ago
Medial
Crypto investors are focusing on nine promising tokens as the market anticipates a bull run. Notable mentions include Little Pepe, which is launching its own Layer 2 chain, Sui, which has outpaced Solana in stablecoin transactions, and Cardano, experiencing significant whale accumulation. Solana is gaining traction with ETF interest, while Dogecoin has potential price predictions tied to Bitcoin trends. Other tokens like Ripple, Hyperliquid, and SPX6900 are also highlighting significant growth prospects in this crypto cycle.
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Investors count on blockbuster 2024 ahead of bitcoin halving
Economic Times
·
1y ago
Medial
Cryptocurrency investors are anticipating a significant year for crypto trading in 2024, with the listing of crypto exchange-traded funds (ETFs) and the upcoming Bitcoin halving day expected to drive a prolonged bull run. Indian investors are predicted to double their crypto holdings, currently valued at nearly $4 billion, as Bitcoin prices are projected to reach new all-time highs post-halving in April. Approval for Ethereum ETFs is also anticipated. The Bitcoin halving, occurring every four years, reduces the cryptocurrency's supply and historically leads to price surges. The next halving is expected in April 2024.
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Broader Market Bull Run Lifts Up New-Age Tech Stocks This Week, RateGain Nears $1 Bn M-Cap
Inc42
·
1y ago
Medial
The broader market bull run has positively impacted new-age tech stocks this week, with 13 out of 19 stocks under Inc42's coverage showing gains ranging from 1% to 15%. Tracxn Technologies emerged as the top gainer with a 14.8% increase in shares. On the flip side, Paytm continued to decline, falling by over 7% this week. Delhivery also saw a decline of over 7%. Benchmark indices Sensex and Nifty50 both experienced gains of 2.4% and 2.3% respectively. SoftBank also offloaded a significant portion of its stake in PB Fintech, and shares of Paytm and Delhivery reached their lowest levels in months.
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Rohatyn makes another exit move from legacy portfolio firm
VCCircle
·
1y ago
Medial
Rohatyn Group, an emerging markets-focused private equity firm, has decided to sell off another Indian portfolio company in order to capitalize on the current bull run in the stock market. This move is part of a broader trend among private equity and venture capital firms to monetize their investments. Rohatyn Group had previously acquired Citigroup's private equity practice.
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India’s housing boom faces 2025 test amid luxury overload
Inshorts
·
2m ago
Medial
India's housing market has enjoyed a three-year bull run, but signs of fatigue are emerging, especially in Bengaluru, NCR, and Hyderabad. Mumbai, Pune, and Chennai remain resilient, driven by luxury and mid-end demand. Analysts warn that excessive luxury supply and rising prices may limit future growth, testing the sector's resilience in 2025.
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Zomato Block Deal: Antfin Singapore to sell $408M in shares
Inshorts
·
11m ago
Medial
Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report by CNBC-TV18, Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19).
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The first GPT-4-class AI model anyone can download has arrived: Llama 405B
Arstechnica
·
1y ago
Medial
Meta has released its AI language model, Llama 3.1 405B, which can be downloaded for free and run on users' own hardware. This challenges closed AI model vendors like OpenAI and Anthropic. Llama 3.1 405B is said to rival the top AI models in terms of capabilities in general knowledge, math, and multilingual translation. It has been trained on over 15 trillion tokens of training data and boasts approximately 405 billion parameters. Meta also released upgraded versions of its smaller Llama models as part of the Llama 3.1 iteration.
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Apple Watch to adopt 5G connectivity with upcoming models, report claims | Mint
Livemint
·
7m ago
Medial
Apple is reportedly planning to introduce 5G connectivity to its Apple Watch models for the first time. The upcoming Apple Watch models will feature 5G modems supplied by MediaTek, replacing the current 4G LTE technology. The inclusion of 5G would align the Apple Watch with the broader mobile industry's transition. In addition, Apple is said to be developing a satellite connectivity feature for an upcoming model called Apple Watch Ultra 3. Apple is also reportedly adding support for third-party VR hand controllers to its Vision Pro headset to enhance gaming capabilities.
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Govt raises $1.98 bn from divestments in FY24, misses target
VCCircle
·
1y ago
Medial
The Indian government has reportedly raised $1.98 billion from divestments in the financial year of 2023/24, falling short of its internal target of $2.26 billion. The government sold its stakes in approximately 10 state-run companies with hopes to raise funds for the country's economic development. However, the privatisation process has been impacted by upcoming general elections. Despite missing the divestment target, the government received higher dividends than expected from state-run companies, totaling approximately $8.36 billion in the same period. The government has not set a target for divestments in the current financial year.
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India’s Startup IPO Spring, Startup Funding Revives & More
Inc42
·
27d ago
Medial
India's startup scene persists despite earlier lacklustre IPOs, as companies like Wakefit and Pine Labs move to list on exchanges. The broader market sees a bull run, benefiting new-age tech stocks, with FirstCry achieving significant gains. Amidst these developments, Dream11 shifts its focus towards casual gaming. Further, in legal news, the Singapore International Arbitration Centre awarded INR 24 crore in damages to Amazon over its ongoing dispute with the Future Group.
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ET X Tracxn to unveil Andhra Pradesh-Telangana’s next-gen startups and strategic sectors at Soonicorns Sundowner Hyderabad - The Economic Times
Economic Times
·
2d ago
Medial
The Economic Times, in collaboration with Tracxn, will unveil the 'ET Top Soonicorns and Minicorns X Top Sectors AP-Telangana 2025' report at the first-ever ET Soonicorns Sundowner in Hyderabad. The report highlights the rise of minicorns, startups valued between $100 million and $500 million, especially in sectors like electric vehicles, EdTech, and NewSpace. This initiative aims to spotlight Hyderabad’s emergence as a major innovation hub within India's expanding digital economy.
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