Category Archive: Finance, No picture
IBIT And FBTC Smash ETFs Record Of Days To $10 Billion In Assets
Image Source: Unsplash Bitcoin could be struggling for momentum since dipping from its all-time high reached in March.However, what has not struggled are the top two spot Bitcoin ETFs – BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).According to Eric Balchunas, a senior ETF analyst at Bloomberg, IBIT and FBTC are the fastest exchange-traded funds […]
Big U.S. Stocks’ Q1’24 Fundamentals
Image Source: Pexels The big US stocks dominating markets and investors’ portfolios continue to thrive. They are finishing up another earnings season covering a record-breaking quarter, reporting some fantastic results. Still, these fat underlying profits are growing far slower than major companies’ soaring stock prices. That has forced valuations deeper into dangerous bubble territory, fueling mounting […]
Wells Fargo holds Bitcoin spot ETF investments, SEC filings show
Wells Fargo, the third-largest bank in the US by asset size, has disclosed its investment in Bitcoin exchange-traded funds (ETFs) through its latest Securities and Exchange Commission (SEC) filings. The SEC 13F filings, released today, reveal that Wells Fargo has invested in the Grayscale Bitcoin Trust (GBTC), which was converted into a spot Bitcoin ETF […]
May WASDE – World Is Watching. The Corn & Ethanol Report
We kicked off the day with Fed Bowman Speech at 8:00 A.M., Michigan Consumer Sentiment Prel, Fed Kashkari Speech, Michigan 5-Year Inflation Expectations Prel, Michigan Consumer Expectations Prel, Michigan Current Conditions, and Michigan Inflation Expectations at 9:00 A.M., May Crop Production, USDA Supply/Demand, and WASDE at 11:00 A.M., Fed Goolsbee Speech at 11:45 A.M., Baker […]
Hacker returns $47 million in ETH to scam victim
A victim who lost $71 million in Wrapped Bitcoin (WBTC) on May 3 is receiving the money back from the exploiter, as reported by X user Lookonchain. For the past six hours, the victim has been receiving Ether (ETH) transactions from different addresses, amounting to over 16,071 ETH, equivalent to over $47 million. An exploiter […]
20% of top 300 cryptos have majority of their supply locked: CoinGecko
One out of five cryptos in the Top 300 by market cap has the majority of their supply locked, according to a report by CoinGecko. The report calls these assets “low float”, as they show a market cap to fully diluted valuation (FDV) ratio below 0.5.The four cryptos with the lowest floats among these large […]
S&P 500 Earnings Dashboard 24Q1 – Friday, May 10
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 10.5%. If the energy sector is excluded, the growth rate for the index is 10.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
Kraken refutes SEC’s claim that it offered ‘investment concepts’
In a recent court filing, crypto exchange Kraken has refuted the Securities and Exchange Commission’s (SEC) claims that its platform listed securities.Primarily, Kraken argues that the financial regulator is attempting to expand its regulatory scope by using vague terms like investment “concept” and “ecosystem” as substitutes for well-defined legal terms such as “investment contract” and […]
Elliott Wave Technical Analysis: Meta Platforms Inc. – Friday, May 10
Image Source: Unsplash META Elliott Wave Analysis Trading Lounge Daily ChartMeta Platforms Inc., (META) Daily ChartMETA Elliott Wave Technical AnalysisFUNCTION: CounterTrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Intermediate (A)DIRECTION: Pullback in Minor BDETAILS: We are showing two different counts in the Daily and 4H chart. Here we have a major top in place and we are looking for a larger correction to take place, […]
Jack Dorsey criticizes Bluesky for straying from decentralized ethos
There’s always one or more reasons behind a company board member’s departure. With Jack Dorsey and Bluesky, it’s all about direction. Speaking with Pirates Wires this week, Bluesky’s inventor said the company is straying from its original decentralized ethos and resembling a conventional social media app, the type of app he intended to avoid at […]
