Former SEC Chairman: Approval of Bitcoin Spot ETF is Inevitable
According to CNBC, former SEC Chairman Jay Clayton stated in an interview that the approval of a Bitcoin spot ETF is inevitable. When asked about what might happen this week, Jay Clayton said, "There's nothing left to decide. This is a big step not only for Bitcoin but also for the entire financial industry.
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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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