To The Moon

Singapore's stock market closed higher on Tuesday, following a positive gross domestic product growth in Q2 with one eye on the upcoming US inflation data.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 3,242.03 and 3,270.45 throughout the day. It ended the session at 3,258.57, up 23.19 points or 0.72% compared to Monday's close.Singapore narrowed its GDP growth forecast for 2024 to 2% to 3% from a previous range of 1% to 3%, as per data released by Singapore's Ministry of Trade and Industry.In company news, shares of Yangzijiang Shipbuilding surged nearly 15% after the company disclosed a 77% increase in attributable profit to 3.06 billion yuan for the first half of 2024.COSCO Shipping International was up nearly 4% in Singapore at close, as the company's profit attributable to equity holders rose 16% to SG$2.3 million in the first half from SG$2.0 million a year ago.Trans-China Automotive's stocks rose 4% despite the company reporting a widened

-- The sense of doom that gripped crypto markets at the end of 2022 following a $1.5 trillion wipeout has 12 months later given way to a very different sentiment: avarice.Hyperloop One to Shut Down After Failing to Reinvent Transit. Tencent Leads $80 Billion Rout as China Rekindles Crackdown Fear. Harvard Financial Pain Grows as Blavatnik Joins Donor Revolt. Bitcoin stormed back with a more than 160% advance this year that added some $530 billion to its market capitalization. In its wake, myriad smaller tokens ranging from Sam Bankman-Fried-backed Solana to dog- and frog-themed memecoins took off as investors embraced risk again. An investor who bought $100,000 of Solana at the start of 2023 would now be sitting on a more than $800,000 gain.Bitcoin derivatives saw a burst of activity in 2023. Bitcoin options open interest on Deribit — the largest crypto options exchange — exceeded $16 billion for the first time in December, according to CCData. Bitcoin futures op