Tema is set to launch a prediction markets ETF, featuring a notable 15% investment in private firms Kalshi and Polymarket. This innovative approach aims to leverage the illiquidity bucket of thematic ETFs, which could attract significant investor interest. The announcement was made by commentator Eric Balchunas on Twitter, highlighting a potential shift in market dynamics
US Treasury Secretary Scott Bessent has delivered an unusually direct warning to currency traders betting against the Japanese yen, saying: “I am the house now.” At Southern Methodist University on Tuesday, Bessent said his coordination with Japanese officials gives him a special inside view of what the Bank of Japan (BOJ) and policymakers will do
The Circle (CRCL) stock price has traded near the flatline today, with investors evaluating the potential impact of the US Bank’s USBDC stablecoin launch on $USDC. For context, the US Bancorp has executed its first successful transaction of the new stablecoin today, which has caught the eye of investors.
Bastion Trading, a 9.99% shareholder of SkyAI, plans to withhold votes for all five directors at the upcoming annual meeting on September 18. The firm expressed concerns over recent bylaw changes that allegedly weakened shareholder rights and the adoption of a ‘poison pill’ without a shareholder vote. This dissent could signal deeper issues within SkyAI’s
Blockchain intelligence firm TRM Labs has doubled its valuation to $2 billion following an expansion of its Series C funding round led by Blockchain Capital. The company did not disclose the size of the latest investment but said its annual recurring revenue has quadrupled over the past three years, according to an announcement Wednesday. The
Robinhood CEO Vlad Tenev pushed back against AMC Entertainment CEO Adam Aron, who last week accused the trading platform of creating a “fake market” for AMC shares and threatened to involve the U.S. Securities and Exchange Commission. Tenev argued that once a company’s shares are publicly traded, it cannot control every financial product built around
Stablecoin issuer Tether is pushing into private credit with Fasanara Capital, putting $400 million behind a new fund that plans to use its $USDT token to move money to lenders worldwide. The two firms are backing StableFund, an evergreen private credit vehicle that aims to raise as much as $3 billion from outside institutional investors,
MARA Holdings surged even as Bitcoin declined below $80,000, creating a rift from what investors would typically expect from a crypto miner’s price move. The answer to why such a move in price is being seen could be the investors’ reaction towards the change from mining to wider aspects. MARA has lost some gains already,
Happy Wednesday, This is your institutional newsletter, Crypto Long & Short. This week: The dollar leads the euro about 3 to 1 offchain and more than 300 to 1 onchain. Ryan Connor of RockawayX on what has kept euro capital out, and what is finally changing Top headlines institutions should pay attention to by Francisco