The recent approval of spot Ethereum exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) has sparked discussions about the potential for other crypto ETFs, particularly those tied to Solana (SOL) and other altcoins. However, JPMorgan, a leading investment bank, remains skeptical about the SEC’s willingness to approve such funds. TLDR JPMorgan…
Italian financial services specialist DoValue SpA is close to an accord with a pool of banks for about €450 million ($489 million) in credit facilities, a key step to finalize a combination with Elliott Investment Management’s Gardant SpA servicing unit. from Bloomberg Markets https://ift.tt/rImYPop
China’s quantitative hedge funds saw their assets drop last quarter for the first time since late 2022, after the nation’s stock-market meltdown hit performance and eroded investor confidence in their algorithm-driven trading strategies. from Bloomberg Markets https://ift.tt/OqByS41
TL;DR A trader turned a $2,700 investment in Shiba Inu into $1.24 million after holding for over three years. Still, dealing with meme coins can be quite risky due to their extreme volatility, often leading to significant losses, so investors should be mindful. Patience Is a Virtue The cryptocurrency sector, particularly the meme coin realm,…
The offer of $19.60 a share, represents a premium of 83% on the company’s closing price on Monday, and the board has unanimously recommended that shareholders accept the deal. https://www.wsj.com/articles/calliditas-therapeutics-gets-1-1-billion-takeover-bid-from-asahi-kasei-dbc7eadc
Olympic gold medalist Caitlyn Jenner has found herself at the center of controversy surrounding the launch of a meme coin called $JENNER on the Solana network. The token, which saw a significant rise in market cap within the first 24 hours, has been met with both enthusiasm and skepticism from the crypto community. TLDR Caitlyn…
Aramco could see minimum passive inflows of $1 billion from both MSCI and FTSE EM trackers if Saudi Arabia proceeds with a reported $10 billion secondary share sale, according to EFG Hermes. Bloomberg News’ Farah Elbahrawy discusses with Joumanna Bercetche on Horizons Middle East & Africa. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/Uc86a5z
Two broods of periodical cicadas are coming out from underground in the same year. https://ift.tt/Hcz3QmK May 22, 2024 at 11:35PM
Adani Enterprises Ltd., the flagship of billionaire Gautam Adani’s empire, has secured board nod to raise as much as 166 billion rupees ($2 billion), a day after the group’s power utility unit got similar approval for $1.5 billion. from Bloomberg Markets https://ift.tt/9K5yRIr
The latest meme coin to join the crypto game is newcomer MoonBag (MBAG) with its adorable MoonBag Monkey, sailing high as it rises in popularity. MoonBag launched its presale in recent days and since then, there has been a tremendous surge in the meme coin’s popularity as investors and crypto enthusiasts alike are actively monitoring…