The largest company in the world by market cap at $4.4 trilion, Nvidia (NVDA) reports earnings after the U.S. market close on Wednesday. Data from Bitcoindata21 on X shows that Nvidia earnings have historically correlated with a positive Bitcoin’s performance. Over the last 10 earnings reports since early 2023, when the current bull market began,
Abu Dhabi-based investment manager Lunate, with $110 billion in assets under management, has partnered with hedge fund giant Brevan Howard, which manages $34 billion, to establish a new investment platform in the Abu Dhabi Global Market (ADGM). The launch begins with a $2 billion long-term commitment from Lunate. It will create a suite of exclusive
Although they’d hate to admit it, even Michael Saylor’s biggest fans would agree that Jim Chanos’ bearish Strategy (MSTR) trade this year has been exceptionally profitable. Chanos sold shares short and fully hedged that short-sale with a long bitcoin (BTC) position. In other words, rather than betting against MSTR’s overvaluation on an absolute basis, he
America’s ruling class is about to get cut off by the very system they helped build. Arthur Hayes, writing in his latest essay Buffalo Bill, says the rise of artificial intelligence, the decay of U.S. dollar supremacy, and the full deployment of stablecoins will erase the need for debt-ridden college grads chasing prestige jobs. According
Thailand just made a big move in digital finance by launching the world’s first tokenized government bonds, called G-Tokens. The Ministry of Finance has backed the initiative, and KuCoin Thailand is the first exchange officially handling listings, subscriptions, and redemptions. The initial issuance is worth 5 billion baht, roughly $150 million, and the bonds are
Metaplanet Inc. (3350) rose 5.7% on Wednesday after the Tokyo-based company said it plans to sell shares to foreign investors, provided updates on recent capital actions and said it will temporarily suspend warrant exercises. The company plans to issue up to 555 million new Tokyo-traded shares through an international offering, subject to shareholder approval at
Lunate, UAE based global alternative investment manager with $110 billion in assets under management (AUM), and Brevan Howard, one of the world’s most successful hedge fund managers with AUM of $34 billion, have formed a strategic long-term partnership to establish an investment platform to be domiciled in the Abu Dhabi Global Market (ADGM), subject to
The decline in Bitcoin, Ethereum and altcoins also affected US spot ETFs, which had experienced several consecutive days of increases. However, as investors see declines as opportunities, outflows in ETFs are giving way to inflows. At this point, US spot Bitcoin and Ethereum ETFs recorded net inflows on August 26. According to Farside Investors data,
Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls. From small family stores to large retail chains, shops across the country now accept crypto through platforms such as Binance and Airtm. Some businesses even use stablecoins
The world of finance is constantly evolving, and a recent announcement from MyStonks highlights this dynamic shift. This decentralized tokenized stock platform has made waves by reporting an astounding 24-hour trading volume exceeding $200 million. This significant milestone underscores the growing adoption and potential of tokenized real-world assets, particularly U.S. stocks, in the digital realm.