Overview of Important Developments on the Afternoon of December 19th
1. Friend.tech will release version v2 in the spring of 2024;
2. ARK Invest reduced its holdings by approximately $27.6 million GBTC yesterday;
3. Wynd Network has completed a $3.5 million seed round financing;
4. Astar Network is undergoing the second phase update of Token Economics 2.0;
5. OpenAI releases AI safety guidelines: The board has the right to prevent new AI models from being released;
6. 7RCC has submitted an application for spot Bitcoin and carbon credit futures ETF to the US SEC;
7.ARK Invest's Bitcoin Spot ETF code ARKB is listed on the DTCC website;
8.Coinbase requests court review of US SEC's decision to reject its cryptocurrency rules request;
9.Grayscale CEO: The SEC should approve multiple spot Bitcoin ETFs at the same time, including approving GBTC conversion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Correction-BUZZ-Reports say Lumentum's optical communication products for AI servers are sold out until 2029, driving its stock price higher
Correction on point 4: Nvidia separately invested $2 billion each in Lumentum and Coherent, rather than a combined investment. October 9 – Shares of photonics product manufacturer Lumentum (LITE.O) surged 6.4% in pre-market trading to $1,114.54. According to Bloomberg, the CEO of LITE stated that as tech companies seek faster AI data center infrastructure, the company's optical device orders are fully booked through early 2029. CEO Michael Hurlston said that by 2027, LITE will be unable to fulfill about 70% of demand for certain products, and by 2028, about 30% of demand for other products will still not be met. Lumentum and its peer Coherent (COHR.N) each received a $2 billion investment from the AI leader Nvidia (NVDA.O) earlier this year. COHR shares recently rose 4.9% in pre-market trading. As of Thursday's close, Lumentum shares have gained 184.5% year-to-date.
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