Gate News: Latest Crypto News and Cryptocurrency Prices

17:42

Analysts: The impact of the current U.S. government shutdown on the economy exceeds that of the 2018-19 shutdown.

The Anderson Economic Group pointed out that the economic impact of the current U.S. government shutdown will exceed that of the shutdown from 2018 to 2019, and the effects have not yet fully manifested. Data shows that beer and car sales both declined in October, reflecting a severe economic situation.

01:27

BEER (BEERCOIN) fell 5.10% in the last 24 hours

Gate News Bot message, September 5, according to CoinMarketCap data, as of the time of writing, BEER (BEERCOIN) is currently priced at 0.0000035 USD, having fallen by 5.10% in the last 24 hours, with a high of 0.0000040 USD and a low of 0.0000015 USD. The current market capitalization is approximately 1.93 million USD. BEER is a cryptocurrency built on the Solana blockchain. BEER 2.0, as an upgraded version, aims to integrate NFTs, games, and future DApps, making it more than just a meme coin. The project plans to provide exclusive experiences for holders, actual integration with games and DApps, and a vision for mass adoption. BEER 2.0 introduces an upgraded supply model and better incentives for holders to ensure long-term sustainability and reduce volatility.

BEER-7.14%

04:09

China Resources Beer: Revenue in the first half of the year rose by 0.8% year-on-year.

China Resources Beer achieved a revenue of 23.942 billion yuan in the first half of the year, a year-on-year rise of 0.8%; the gross profit margin increased to 48.9%. Earnings before interest and taxes and profit attributable to shareholders increased by 20.8% and 23% respectively, and the beer business also performed well.

03:37

BEER (BEERCOIN) rose 9.56% in the last 24 hours.

Gate News Bot news, July 22, according to CoinMarketCap data, as of the time of writing, BEER (BEERCOIN) is currently priced at 0.0000041104 USD, with a rise of 9.56% in the last 24 hours, reaching a high of 0.0000041679 USD and a low of 0.0000031631 USD. The 24-hour volume reached 261,900 USD. The current market capitalization is approximately 2.26 million USD, an increase of 197,200 USD compared to yesterday. BEER is a cryptocurrency token based on the Solana blockchain. BEER 2.0 is its upgraded version, aimed at ensuring long-term sustainability and reducing volatility through an improved tokenomics model and smarter holder incentive mechanisms. The project plans to integrate with NFTs, games, and future DApps, making it more than just a fad.

BEER-7.14%

08:31

Pearl River Beer: Net profit attributable to the parent company in 2024 is 810 million yuan, a year-on-year rise of 29.95%.

Jin10 data reported on March 27 that Zhujiang Beer announced a revenue of 5.731 billion yuan in 2024, a year-on-year rise of 6.56%; the net profit attributable to shareholders of the listed company is 810 million yuan, a year-on-year rise of 29.95%. The company plans to distribute a cash dividend of 1.7 yuan (including tax) for every 10 shares to all shareholders, with 0 bonus shares (including tax), and no capital reserve conversion to increase share capital.

00:34

CITIC Securities: Continuation of the recommendation for top-tier liquor allocation

On February 13, Jin Shi Data reported that CITIC Securities research report stated that the mainland fund's holdings of liquor Holdings in 24Q4 accounted for 10.5%, a decrease of 1.0% from the previous period, while the northbound capital holdings accounted for 7.5%, a decrease of 1.3% from the previous period. Currently, leading liquor companies continuously enhance shareholder returns through increasing dividend payout ratio, repurchases, and additional purchases, thus increasing the safety margin of investments. Considering the subsequent consumption stimulus and macroeconomic recovery, we maintain our recommendation for the allocation of leading liquor brands. As for beer, looking ahead to the first half of 2025, we expect the industry's overall sales volume to remain stable, and industry recovery will require consumption-related policy stimuli.

05:43

DBS lowers target price for Beer to HKD 34.5, reduces earnings forecast

China Resources Beer's sales volume fell in the second half of last year, while Heineken's sales volume increased by 15%-20% and remained ahead of the industry. The bank lowered its profit forecast for China Resources Beer by 6% and 14% for last year and this year, respectively, but maintained a buy rating with a target price of HK$34.5.

10:47

Chongqing Beer: plans to distribute a cash dividend of 1.5 yuan per share, totaling a cash dividend of 726 million yuan

On November 12th, Jin10 Data reported that Chongqing Brewery announced that it plans to distribute cash dividends of RMB 1.5 per share to all shareholders, with a total distribution of RMB 726 million. The mid-term profit distribution is based on the total share capital registered on the day of equity distribution and registration. The specific date will be clarified in the equity distribution implementation announcement. If there is a change in the total share capital before the equity distribution registration day, the company plans to maintain the same distribution ratio per share and adjust the total distribution accordingly, which will be disclosed in the relevant announcement. This mid-term profit distribution plan needs to be approved by the third extraordinary general meeting of shareholders in 2024 before it can be implemented.

08:48

Beer ban sparks Zambia-Congo border dispute, copper exports blocked

On August 12, Jinshi Data News, the Zambian Minister of Trade met with the Congolese Minister of Trade on Monday to resolve the trade dispute that led to the closure of the border between the two countries and the obstruction of exports from the world's second largest copper producer. Both sides stated that they will discuss the ban imposed by Congo nearly two weeks ago on the import of Zambian beer, soft drinks, and limes. If the two governments can reach a protocol, the border crossing may be restored within a few hours. Congo's copper production last year exceeded 2.8 million tons, almost all of which were transported by land from Zambia to regional ports from Tanzania to South Africa and Namibia.

03:44

HSBC Research: Lowering target price for beer stocks, preferring craft beer and light beer

HSBC stated that beer stocks will remain stable but uneven rise this year, and beer companies with more access to the mass market will outperform. The bank prefers China Resources Beer and Tsingtao Brewery stocks, believing that they will benefit from the third-quarter sales rebound and product portfolio upgrades. Meanwhile, Budweiser APAC is rated as hold. The target prices for China Resources Beer, Tsingtao Brewery, and Budweiser APAC have been adjusted to HK$37.8, HK$64.1, and HK$10.5, respectively.

17:39

Messi promotes a memecoin Messi's endorsement is tied to a presale project from the same creators as the $BEER token, sparking concerns of potential market manipulation by insiders.

BEER-7.14%

16:17

A certain Whale once spent about $7.68 million to buy 35.7 million BEER, currently facing a floating loss of $5.87 million but has not sold yet.

According to Lookonchain, a whale spent approximately $7.68 million to purchase 35.7 million BEER tokens from May 25th to June 18th. The current value of these tokens is only $1.81 million, resulting in a floating loss of $5.87 million (-76.4%), but they have not been sold yet.

BEER-7.14%

09:56

Another wallet associated with the beercoin team is selling BEER.

Jinse Caijing reported that, according to Lookonchain monitoring, another wallet related to the beercoin team is selling BEER.

BEER-7.14%

02:40

Golden Finance reported that according to Lookonchain, another wallet associated with the beercoin team was sold for 11.3 million US dollars, equivalent to 5.43 billion BEER.

BEER-7.14%

06:55

Golden Finance reported that, according to Lookonchain monitoring, a BEER whale sold 5 billion BEER for 7,450 SOL (1.08 million US dollars) 3 hours ago. The whale used the BEER team's allocated wallet "8VY4LF".

BEER-7.14%

SOL-7.57%

06:53

Odaily Planet Daily News According to Lookonchain monitoring, 3 hours ago, a certain BEER Whale sold 5 billion BEER and received 7450 SOL (1.08 million US dollars). The Whale allocated the wallet "8VY4LF" from the BEER team Whale currently holds 3.76 billion BEER (820,000 USD).

BEER-7.14%

SOL-7.57%

16:24

According to Lookonchain, a BEER presale participant spent 301.2 SOL (about $50,000) to participate in the presale and received 3.38 billion BEER tokens. Later, on May 26, they exchanged 5.45 billion BONK (about $192,000) for 1.86 billion BEER. After BEER was listed on Gateio, they deposited 240 million BEER (about $120,000) to Gateio to make a profit. Today, they sold 4.6 billion BEER (about $1.34 million), and still have 400 million BEER (about $109,000) left, with a total profit of more than $1.3 million.

BEER-7.14%

SOL-7.57%

BONK-6.91%

08:30

A certain Whale has bought 29.25 billion BEER since May 25, with a current unrealized profit of 6 million US dollars According to Lookonchain monitoring, since May 25th, a Whale has spent 31,052 SOL (5.2 million USD) to purchase 29.25 billion BEER at an average price of 0.0001784 USD. Based on the current price, the unrealized profit is approximately 6 million USD.

BEER-7.14%

SOL-7.57%

08:15

PANews news on June 6th, according to Lookonchain monitoring, the price of Meme coin BEER has been rising, possibly due to a whale continuously buying BEER. Since May 25th, he has spent 31,052 SOL (about 5.2 million US dollars) to purchase 29.25 billion BEER, with an average purchase price of $0.0001784. Based on the current price, the unrealized profit is approximately 6 million US dollars.

MEME-6.9%

BEER-7.14%

SOL-7.57%

08:14

Odaily Planet Daily News According to Lookonchain monitoring, since May 25th, a user has spent 31,052 SOL (5.2 million US dollars) to purchase 29.25 billion BEER at an average price of $0.0001784 per SOL. According to the current price calculation, the floating profit is approximately 6 million US dollars.

SOL-7.57%

BEER-7.14%

07:41

On May 23, Jinshi Data News reported that Lu Yang, Director of Equity Investment Department and Fund Manager at Shangyin Fund, has made adjustments to his investment portfolio structure. Despite the changing market environment and the underperformance of most traditional investment channels, the high dividend zone stands out for its relatively ideal returns. Regarding the industries that he remains optimistic about, Lu Yang mentioned that the consumer industry, such as liquor, dairy products, and beer, still presents potential opportunities for excess returns, despite the unpredictable market changes. He explained that these consumer stocks have a greater possibility of maintaining a relatively sustainable dividend yield even during economic downturns. The consumer demand is not likely to disappear due to temporary fluctuations in their stock prices. In fact, if their stock prices decline, their valuation levels may become attractive.

01:05

With the recovery of consumer demand and the further recovery of investor confidence, the food and beverage industry is expected to usher in valuation repair, and it is recommended to pay attention to high-end, sub-high-end liquor, beer, dairy products, condiments, leisure snacks, quick-frozen food and other zone leader.

05:39

UBS: Chinese stocks may have hit bottom

UBS said that amid the current weakness in China's stock market, there is reason to be more optimistic. The divergence between fundamentals and stock price performance may be caused by depressed sentiment and will take time to reverse; but based on some indicators, the market may have bottomed out . It pointed out in the report that the massive monthly outflow of foreign capital from A-shares, the RMB exchange rate and the 10-year treasury bond yield are at extreme levels, as well as the low trading volume of A-shares and the high short-selling volume of H-shares. Historically, these signs indicate that the stock market The bottom may have been reached. Analysis of historical phases during the market bottom shows that the best-performing industries thereafter include the Internet (e-commerce) and various consumer sub-sectors such as catering, leisure and beer.

21:27

THINGS TO WATCH IN JUNE #4 Hong Kong started letting retail investors buy/sell crypto today Time to celebrate 🍾 Why? Because ~7.4M more people being able to trade crypto is like your buddy showing up with a 24 pack of beer for mass adoption - it swings that door wide open. It’s also a win since China has been so iffy about how to (or if it would) welcome crypto. Hong Kong’s move could expand throughout China, too. Watch this space…

Analysts: The impact of the current U.S. government shutdown on the economy exceeds that of the 2018-19 shutdown.

BEER (BEERCOIN) fell 5.10% in the last 24 hours

China Resources Beer: Revenue in the first half of the year rose by 0.8% year-on-year.

BEER (BEERCOIN) rose 9.56% in the last 24 hours.

Pearl River Beer: Net profit attributable to the parent company in 2024 is 810 million yuan, a year-on-year rise of 29.95%.

CITIC Securities: Continuation of the recommendation for top-tier liquor allocation

DBS lowers target price for Beer to HKD 34.5, reduces earnings forecast

Chongqing Beer: plans to distribute a cash dividend of 1.5 yuan per share, totaling a cash dividend of 726 million yuan

Beer ban sparks Zambia-Congo border dispute, copper exports blocked

HSBC Research: Lowering target price for beer stocks, preferring craft beer and light beer

A certain Whale once spent about $7.68 million to buy 35.7 million BEER, currently facing a floating loss of $5.87 million but has not sold yet.

Another wallet associated with the beercoin team is selling BEER.

UBS: Chinese stocks may have hit bottom

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