News

According to Odaily, Yorkville America, the asset management company behind Trump's Truth Social, has announced the withdrawal of its previous three crypto ETF applications submitted to the SEC, involving the Truth Social Bitcoin ETF, Bitcoin and Ethereum ETF, and Crypto Blue Chip Stocks ETF. The company stated that it will shift from the Securities Act of 1933 framework to the Investment Company Act of 1940 framework to offer more innovative products and enjoy stronger investor protection and tax advantages, but it did not specify whether it would continue to advance crypto ETFs under the new framework. (cointelegraph)

Glonghui May 20｜An exchange has raised Costco's target price from $1,100 to $1,160 and reaffirmed its "outperform" rating and preferred status. Analysts stated that the long-term investment thesis remains unchanged, and in the short term, Costco may also benefit from relatively high household food inflation.

```htmlGolden Ten Data May 20｜RBC Capital Markets pointed out that the merger between New Era Energy and an exchange is expected to undergo a lengthy regulatory review in Virginia. The two companies announced an all-stock deal on Monday. After the merger, they will become the world's largest regulated electric utility company. Analysts expect the Virginia regulatory authorities to follow their usual practice and use the full review period. The entity Virginia Electric and Power Co. under the exchange is larger than companies involved in previous mergers, which may also extend the review time. RBC Capital Markets reiterated its “sector perform” rating for the exchange and raised its target price from $66 to $72 to reflect the implied value of the transaction.```