Crypto hedge fund Asymmetric Financial is pivoting away from liquid trading strategies following sharp underperformance and public backlash from investors. In a post shared on X Wednesday, CEO Joe McCann acknowledged that the fund’s current approach “is no longer serving our LPs” and confirmed that Asymmetric will begin transitioning capital away from liquid trading into
US-based publicly traded pharmaceutical company MEI Pharma has raised $100 million in private equity capital, adopting a new corporate strategy focused on Litecoin (LTC). The company sold 29,239,767 shares at $3.42 per share, raising a total of approximately $100 million. Litecoin Foundation founder Charlie Lee led this private equity raise and was joined in the
Tesla Inc. (TSLA) announced its financial results for the second quarter of 2025. The company’s adjusted earnings per share (EPS) was 40 cents. This figure fell short of analysts’ expectations of 42 cents. Similarly, on the revenue front, Tesla’s quarterly revenue of $22.50 billion fell slightly short of the market expectation of $22.64 billion. The
Joe McCann is winding down Asymmetric’s Liquid Alpha Fund after the fund was accused of losing massive value this year and drew sharp criticism online. In a social media post, the crypto investor said that the strategy behind the Liquid Alpha Fund “clearly is no longer serving our LPs.” He said the fund had been
MEI Pharma, a publicly traded pharmaceutical company, closed a $100 million private placement on Wednesday to refashion itself into a litecoin treasury firm. MEI sold 29,239,767 shares of its common stock, raising roughly $100 million, Litecoin Foundation founder Charlie Lee told Decrypt. Under the agreement, the company sold its stock at $3.42 per share. Lee
Nature’s Miracle, a publicly traded company operating in vertical farming technologies, has announced the launch of an institutional XRP treasury program that could raise up to $20 million. With this strategic move, the company aims to use XRP for long-term reserves, staking returns, and participation in the Ripple ecosystem. Nature’s Miracle will make these XRP
Retail bros charged into U.S. markets at Wednesday’s Open, lifting GoPro nearly 50% and pushing Krispy Kreme up 12%, after both stocks were picked up by Reddit’s WallStreetBets community. Both names are the latest additions to the forum’s high-risk favorites, joining a new lineup of meme stocks that have surged this month despite weak fundamentals
Nature’s Miracle Holding Inc. (OTCQB: NMHI) surged more than 150% on Wednesday after revealing plans to allocate up to $20 million of its corporate treasury into XRP. The California-based controlled environment agriculture (CEA) firm announced the move early July 23, triggering a sharp rally in its stock. US Public Companies Start Buying XRP Nature’s Miracle
The FED paused the interest rate cuts, which began in September 2024, in January 2025. The FED’s interest rate decision in July, which has kept interest rates steady since January, is eagerly awaited. With just one week left until the Fed announces its highly anticipated interest rate decision, Reuters conducted a survey with the participation
Two-thirds of Russian families would like to invest financial assistance granted by the state to boost fertility, and cryptocurrencies like Bitcoin are among the most favored options. According to a new survey, the majority of moms and dads don’t have a clear idea about what they may do with the one-time benefit given for the