Bitcoin

1 days ago

CoinDesk flags a midterm bump in Bitcoin’s volatility curve

CoinDesk said in its day-ahead market look for Nov. 2, 2026 that Bitcoin’s “volatility curve” shows a midterm bump. The available source material is limited to a short RSS summary and does not include supporting figures, a defined time window, or additional market context. As provided, the item identifies the observation as part of CoinDesk’s day-ahead coverage for Nov. 2 and offers no further detail on the shape of the curve, the contracts involved, or the scale of the move. No extra entities, prices, percentages, or causal explanations were disclosed in the input.

50

Marvell

1 days ago

Marvell rebounds to nearly 4% in premarket trading as proposed Lumentum deal points to a $550 billion addressable market

Marvell Technology shares reversed earlier losses in premarket trading and were up nearly 4%, according to MSX.COM data, after a report said the company had agreed to acquire Lumentum for $115 billion. The stock had earlier fallen as much as 2.3% before turning higher. Marvell said the transaction would expand the combined company’s total addressable market to $550 billion and strengthen its position in AI infrastructure connectivity. The company also said it expects the merger to generate more than $1 billion in annual cost synergies, improve long-term revenue growth, non-GAAP gross margin, and operating margin, and add to Marvell’s non-GAAP earnings per share in the first full year after the deal closes.

70

Marvell

1 days ago

Marvell to acquire Lumentum in all-stock deal valued at about $115 billion

Marvell said it has entered into a definitive agreement to acquire optical communications technology company Lumentum in an all-stock transaction with an implied enterprise value of about $115 billion. Under the terms of the deal, Lumentum shareholders will receive 4.5 Marvell shares for each share they own, implying a value of about $1,132 per share. The offer represents a premium of roughly 23.9% to the companies’ unaffected closing price on Oct. 28, before takeover rumors affected trading. After the transaction closes, existing Marvell shareholders are expected to own about 67% of the combined company, while former Lumentum shareholders will hold about 33%. Marvell said the combination will bring together its semiconductor and network interconnect technologies with Lumentum’s optical communications portfolio, including lasers and optical transceivers, as it pushes into the AI optical interconnect market. The companies said the combined business could expand its addressable market to $550 billion and generate more than $1 billion in annual cost synergies. The deal is expected to close in the first half of 2028, subject to shareholder and regulatory approvals.

120

Policy Regulation

1 days ago

China regulators make share buyback relending a long-term tool, cut rate to 1%

The People’s Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission held a meeting on two policy tools aimed at supporting the capital market, according to Odaily, citing Sina Finance. The meeting said the three agencies will keep policy support in place to help maintain capital market stability and improve market resilience and confidence. Officials said they will refine policy elements and implementation details, while encouraging financial institutions to make fuller use of the available tools. The meeting also said swap facility operations for securities firms, funds, and insurance companies may be carried out at an appropriate time. Authorities plan to expand the number of participating institutions, lower swap fees where appropriate, and optimize collateral and operating arrangements. The meeting also announced that the relending policy for share buybacks and stake increases will shift from a temporary arrangement to a long-term institutional framework. The relending rate will be reduced from 1.25% to 1%. Financial institutions are expected to follow market-based pricing principles, add a reasonable spread on top of the relending rate, and increase loan issuance.

160

Marvell

1 days ago

Marvell to acquire Lumentum in all-stock deal valuing target at about $115 billion

Marvell has reached a definitive agreement to acquire Lumentum in an all-stock transaction, according to a company announcement cited by ChainCatcher. Under the terms, each Lumentum share will be exchanged for 4.500 shares of Marvell common stock. The deal implies an enterprise value for Lumentum of about $115 billion, or roughly $1,132 per share, representing a premium of about 23.9% to the companies’ unaffected closing prices on Oct. 28. After the transaction closes, existing Marvell shareholders are expected to own about 67% of the combined company, while Lumentum shareholders will hold about 33%. The companies said the combination would bring together Marvell’s capabilities in electrical and optical interconnect, switching and custom chips with Lumentum’s strengths in high-performance lasers, optical transceiver modules and photonic circuit switching. They said the combined business is aimed at building a full-stack connectivity portfolio for AI infrastructure and expanding its addressable market to about $550 billion. The companies also said the transaction is expected to generate more than $1 billion in annualized operating cost synergies and could be accretive to Marvell’s non-U.S. GAAP earnings per share in the first year after closing. The deal is expected to close in the first half of 2028, subject to shareholder and regulatory approvals.

70

ZachXBT

1 days ago

ZachXBT flags suspected $106 million-plus theft tied to an EU entity

Blockchain investigator ZachXBT said a suspected attack may have hit an EU entity on Nov. 1, with multiple centralized exchange accounts reportedly compromised and losses exceeding $106 million. According to the alert, the stolen funds were withdrawn in USDC and USDT. Over the past 24 hours, the attacker has continued swapping USDC into ETH, then routing the assets through instant exchange services including WellWallet and Kyrrex. The funds were also converted through Wagyu into Monero (XMR), while cross-chain bridges were used to move assets across several blockchain networks. ZachXBT also published 11 addresses linked to the case and urged the community to watch the movement of the funds. The alert was cited by Odaily in a newsflash report.

130

Marvell

1 days ago

Marvell to acquire Lumentum in all-stock deal, with Lumentum holders set to own about 33% of combined company

Marvell Technology has entered into a definitive agreement to acquire Lumentum in an all-stock transaction, according to Odaily. Under the terms of the deal, Lumentum shareholders will receive 4.5 shares of Marvell common stock for each share they hold. Once the transaction closes, existing Marvell shareholders are expected to own about 67% of the combined company, while Lumentum shareholders will hold roughly 33%. The companies said the deal is expected to close in the first half of 2028. Completion remains subject to approval from both companies’ shareholders as well as regulatory clearance. Marvell said it expects the merger to generate more than $1 billion in annual cost synergies. It also said the transaction is expected to be accretive to non-GAAP earnings per share in the first year after closing. In addition, the combined company’s target market opportunity is projected to expand to $550 billion.

90

Bitcoin

1 days ago

CryptoQuant analyst says Bitcoin posted a second straight October loss, with a milder market reaction than during FTX

CryptoQuant analyst Axel Adler Jr said Bitcoin closed October lower for a second consecutive year, extending a break from the market’s long-running "Uptober" narrative. According to Adler, BTC fell 7.2% in October this year after declining 3.8% in the same month last year. The pullback came after gains of 25% in August and 6.4% in September, meaning the earlier rebound did not carry through into October. Adler also pointed to the Oct. 29 theft involving Binance hot wallet assets as an overhang on the market during the month. He said the incident resulted in roughly $6.3 billion in losses, while Binance said the losses would be covered by its SAFU fund and corporate funds. In Adler’s view, the impact of the event should be judged not only by the amount stolen, but also by its effect on participant confidence and market liquidity. Even so, he said the market response has remained relatively restrained. Despite the large-scale theft, Bitcoin has stayed near its annual moving average. Adler contrasted that with the aftermath of the FTX collapse in November 2022, when Bitcoin dropped 23% in a single week.

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