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Ethereum ETFs get final approval to trade in the US
The US Securities and Exchange Commission has given the final green light to Ethereum exchange-traded funds (ETFs) in the US. Trading is set to begin tomorrow, July 23. Today, July 22, the US Securities and Exchange Commission announced I accepted Ethereum (ETH) exchange-traded funds (ETFs) have begun offering their securities,…
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Ethereum ETFs get final approval to trade in the US
The US Securities and Exchange Commission has given the final green light to Ethereum exchange-traded funds (ETFs) in the US. Trading is set to begin tomorrow, July 23. Today, July 22, the US Securities and Exchange Commission announced I accepted Ethereum (ETH) exchange-traded funds (ETFs) have begun offering their securities,…
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Cathie Wood’s Ark Invest Snaps Up $5.3M In Beaten-Down Crowdstrike Shares, Dumps $3.7M Worth Of Tesla Stock Before Q2 Earnings
Cathie Wood’s Ark Invest Sold $5.3 Million in Crowdstrike Stock, Dumped $3.7 Million in Tesla Stock Ahead of Q2 Earnings on monday, Katie Wood-Drove Ark Invest He made major deals including: CrowdStrike Holdings (NASDAQ: CRWD) and Tesla Inc. (NASDAQ:TSLA), despite the turbulent market conditions surrounding these companies. Crowdstrike Trading the…
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ETH Price Could Crash Despite Spot Ethereum ETFs Euphoria, Analyst Explains Why
With the Ethereum spot ETF expected to start trading on Tuesday, July 23, expectations for the Ethereum price have been rising significantly. Many analysts and market experts have come forward to predict that this will be a major development for the Ethereum price, pushing it to new record highs. However,…
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ETH Price Could Crash Despite Spot Ethereum ETFs Euphoria, Analyst Explains Why
With the Ethereum spot ETF expected to start trading on Tuesday, July 23, expectations for the Ethereum price have been rising significantly. Many analysts and market experts have come forward to predict that this will be a major development for the Ethereum price, pushing it to new record highs. However,…
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Woodside Energy raises cost estimate for flagship Scarborough gas project (NYSE:WDS)
AlexLMX/iStock via Getty Images Woodside Energy (New York:WDS) early tuesday Raise the estimated cost Shell has announced an increase in its share of development costs for its Scarborough natural gas project by US$500 million to US$12.5 billion, taking the company’s share of development costs to US$8.2 billion, with the increase…
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Analysis-Drug giants eye China for deals despite growing Sino-US tensions By Reuters
By Andrew Silver and Ken Wu SHANGHAI/HONG KONG (Reuters) – Some of the world’s biggest drugmakers, undeterred by growing tensions between China and the United States, are looking for deals in China to revamp their drug pipelines and boost their presence in the world’s second-largest pharmaceutical market, industry executives and…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Elon Musk is backing Trump, but Democrats won’t quit X
A week after Elon Musk endorsed Donald Trump for president, President Joe Biden’s team used Musk’s social media platform X — as well as more neutral spaces like Facebook and Instagram — to announce its endorsement. End his re-election campaign. It’s a testament to how entrenched the platform is among…
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The AUD and the easing from China – given more a nudge lower
The Australian and New Zealand dollars were weaker. The People’s Bank of China’s monetary easing measures yesterday did not help either. The People’s Bank of China summary is here in case you missed it: NAB Bank comments via Reuters report: “For the Australian and New Zealand dollars, they tend to…
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Which Digital Asset Led the Charge?
The global cryptocurrency investment market has seen a huge influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest Data From CoinShares, digital asset investment products saw an additional net inflow of $1.35 billion last week. This latest infusion of funds brings the…
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Which Digital Asset Led the Charge?
The global cryptocurrency investment market has seen a huge influx of capital, with recent reports indicating a continued positive trend in inflows. According to the latest Data From CoinShares, digital asset investment products saw an additional net inflow of $1.35 billion last week. This latest infusion of funds brings the…
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Unit trusts pile into bank deposits on higher rates
Collective investment schemes tripled their share of assets under management in the form of cash and demand deposits to Sh35.3 billion in the 12 months to March 2024, chasing high interest rates on deposits offered by liquidity-starved banks. New data on investment fund assets released by the Capital Markets Authority…
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Deutsche Bank expect further losses still to come for large cap tech stocks
Via CNBC, here are Deutsche Bank’s thoughts on the additional losses that still lie ahead for large-cap tech stocks: The shift from big tech to small cap companies that has occurred will be more than just a short-term glitch. The market still has a lot of optimism in mind about…
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What Is VeChain? All You Need To Know About VET And VeChain
In recent years, the intersection of blockchain technology with supply chain management has given rise to innovative solutions aimed at enhancing transparency, efficiency, and traceability. At the forefront of this revolution stands the VeChain blockchain, a platform that leverages the power of the Internet of Things (IoT) and smart contracts…
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Farnborough Airshow explodes with £39.3bn in deals on opening day
The Farnborough International Airshow kicked off with a bang today, with a staggering £39.3 billion ($51 billion) worth of deals announced on its opening day. This impressive figure underlines the event’s status as the pinnacle of the global aviation industry and highlights the resilience and innovation of the UK aviation…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…
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Porsche lowers 2024 outlook, warns of impairments on alloy shortage By Reuters
(Reuters) – Porsche AG on Tuesday cut its sales forecast for this year and warned of weaker production due to a shortage of aluminium alloys affecting several suppliers. The carmaker said it now expects sales of between 39 billion and 40 billion euros ($43.56 billion) amid flooding at one of…