News

Jinse Finance reported that CME Group's trading volume in February reached a monthly record high of 37.6 million contracts, representing a year-on-year increase of 14%.

On-chain monitoring shows that the whale "pension-usdt.eth" has opened a new BTC (3x leverage) long position, with a scale of 1,000 BTC, valued at approximately 67.57 million USD. The cumulative profit through two wallets has exceeded 27.28 million USD. (Onchain Lens)

This significant investment from Elliott is seen as a strong endorsement of Pinterest's long-term growth strategy. Market analysts point out that the dual benefits create a synergistic effect—both strengthening the balance sheet by introducing strategic capital and directly rewarding shareholders through the buyback, highlighting management's view that the current stock price is undervalued. Boosted by this news, investor sentiment has significantly improved. The buyback plan is expected to be executed within the next two quarters, accounting for about 5% of the company's current market capitalization. This capital operation is regarded as a key measure for Pinterest to stabilize its stock price and optimize its capital structure amid macroeconomic fluctuations, and also provides ample ammunition for the company to continue advancing its e-commerce commercialization transformation.