Category Archive: Cryptocurrency, No picture
Elon Musk rejected OpenAI’s ICO plan, lawsuit reveals
Key Takeaways Elon Musk rejected a proposal for an ICO by OpenAI co-founder Sam Altman in 2018. The lawsuit claims Musk was defrauded of donations and alleges OpenAI now controls 70% of the generative AI market. Share this article Elon Musk’s lawsuit against OpenAI has unveiled new details about the company’s early considerations for an […]
From Volatility To Opportunity: Key Stocks Poised To Shine Today
Macro Review: A Market in Correction ModeThe U.S. equity markets are showing signs of correction, as evidenced by key indices like SPY, QQQ, and IWM breaking below critical support levels. The S&P 500 (SPY) and NASDAQ-100 (QQQ) are mirroring each other, with the latter showing vulnerabilities near its DMA. Meanwhile, the Russell 2000 (IWM) has […]
Bitcoin reserves on exchanges reach a 6-year low
Key Takeaways Bitcoin reserves on exchanges have dropped to 2.3 million, the lowest level since November 2018. Data from CoinGlass shows $2.7B in weekly outflows and $7.58B in monthly outflows as confidence in Bitcoin grows with ETFs now holding 1 million BTC. Share this article Bitcoin reserves on exchanges have fallen to their lowest level […]
New York anti-crypto stance softens as regulatory tide turns
Key Takeaways Manhattan federal prosecutors will reduce focus on crypto-related crimes after major convictions. Scott Hartman announced decreased focus on crypto cases by the Southern District of New York. Share this article Manhattan federal prosecutors will reduce their focus on crypto-related crimes following several major convictions, a senior prosecutor told Reuters today.Scott Hartman, co-chief of […]
Hormel Foods Corp. Dividend Stock Analysis
Image Source: Unsplash Linked here is a detailed quantitative analysis of Hormel Foods Corp. (HRL). Below are some highlights from the above linked analysis:Company Description: Hormel Foods Corp. is a multinational manufacturer and marketer of consumer-branded food and meat products.Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair […]
Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve
Key Takeaways The Bitcoin Act of 2024 proposes a US Strategic Bitcoin Reserve to strengthen the dollar and maintain crypto leadership. The proposal includes acquiring 1 million Bitcoins over five years and using Federal Reserve remittances to fund the program. Share this article Senator Cynthia Lummis has introduced the Bitcoin Act of 2024, which is […]
GBP/JPY Declines As Stronger Growth Data From Japan Lifts The Yen
Image Source: Unsplash GBP/JPY trades lower on Friday after Japanese GDP data beats expectations and data for the same period from the UK. Volatility is tempered by markets’ view that the data is not sufficiently game-changing for either currency in the pair. Much may hinge on BoJ Governor Ueda’s speech on Monday, the wide interest-rate […]
Domino’s Pizza Stock Surges After Berkshire’s $549M Investment Announced
Berkshire Hathaway’s recent investments in Domino’s Pizza and Pool Corp have sparked market interest.Berkshire Hathaway (BRK-A), the multinational conglomerate led by Warren Buffett, has made significant new investments in Domino’s Pizza (DPZ) and Pool Corp (POOL) during the third quarter of 2024. The stakes were revealed in a recent filing with the U.S. Securities and Exchange Commission.As […]
FX And Rates Unwind Yesterday’s Powell Effect, US Index Futures Slide
The dollar bounced, and US rates rose yesterday afternoon in response to comments by Fed Chair Powell. But he did little more that reiterate what he had said at the recent press conference. Powell expressed a lack of urgency to move after having led the central bank in delivering a 50 bp cut to start […]
Critical Things Every Trader Should Know About Market Crashes
Image Source: Unsplash In the fast paced world of stock trading, understanding how markets behave during extreme downturns is essential for surviving volatile periods. Market crashes of the past can offer valuable insights into both market behavior and trader psychology during crises. These lessons are crucial for investors and day traders alike, providing a roadmap for […]
