Ripple is moving deeper into Wall Street’s leveraged ETF business, with its prime brokerage arm providing swap financing to funds that use derivatives to amplify bets on stocks and indexes. A recent Wall Street Journal report shows how the crypto company is entering a fee-heavy part of traditional finance where banks have long dominated, while […]
Friday was a brutal day for essentially all financial markets, even though the only notable news that went live was positive, as the US saw the strongest jobs report in a year and a half. The analysts at the Kobeissi Letter tried to simplify what transpired and explain why markets reacted in such a painful […]
Ever since its inception roughly 16 years ago, bitcoin’s fundamentals have been compared to gold due to some similarities, such as finite supply. BTC maxis went even further along the way, which was supported by TradFi experts and regulators who categorized the cryptocurrency as a commodity, just like gold. If that’s the case, then the […]
Even though he has given no new interviews or made any major new investments from beyond the grave, Munger made the news again this week for his amazing work ethic and sound investment advice. An article that appeared on CNBC reprised an old Munger quote that investors who can’t handle bear markets “deserve the mediocre […]
Wall Street feared Monday that a flashy showing by a Chinese open-source AI startup meant the Internet won’t need faster chips. The decline in Nvidia shares was dramatic on Monday, starting off the morning with a bang. NVDA went into free fall right out of the gate. Within minutes of the stock exchanges’ opening, the […]
Social trading platform eToro has confidentially filed for an initial public offering (IPO) with the United States Securities and Exchange Commission (SEC). When a company files in such a manner, it means that it has submitted its initial registration statement with the SEC but is yet to make it public. This initial filing will help […]