K33 Research: Mt. Gox May Release $9 Billion in Bitcoin in the Near Future, Could Pressure Coin Prices
Cryptocurrency researcher K33 Research has released a report stating that bankrupt cryptocurrency exchange Mt. Gox is preparing to distribute approximately 142,000 Bitcoin (BTC) and 143,000 Bitcoin Cash (BCH) to its creditors, with a total value of more than $9 billion, and that the estimated huge cryptocurrency release from Mt. Gox could become a relevant negative price in the coming weeks Influencing factor.
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Report: Marvell Technology is about to acquire optical module manufacturer Lumentum, and the deal may be announced as soon as next week
Lumentum has a market capitalization of approximately $8.3 billions, while Marvell Technology's market capitalization is around $22.1 billions. Following the announcement, Marvell's stock fell by over 8% in after-hours trading, while Lumentum rose by 11%. This acquisition may aim to streamline the supply chain and strengthen vertical integration—Marvell is currently a customer of Lumentum, and after the acquisition, it will gain control over key optoelectronic interconnect components, consolidating its strategic position in the AI data center hardware sector.
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