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” 126% return for stock market short-sellers who smelled blood in crypto waters “ Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector “held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data. On Thursday, technology…
” BTC price rejects at $23K as US dollar declines from fresh 20-year highs “ Bitcoin (BTC) ran out of steam near $23,000 on June 16 after the biggest United States key rate hike in nearly thirty years. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar strength wobbles after rate hike news Data from Cointelegraph…
“Crypto crash continues as bitcoin briefly dips below $21K” The price of bitcoin briefly plummeted below the $21,000 threshold for the first time since December 2020 on Monday night as investors braced for a looming recession and reacted to difficulties at a major exchange. Bitcoin was staging a slight rally and was trading near $22,000…
“Elon Musk’s ‘best’ Twitter offer looks bogus” The Elon Musk-Twitter drama keeps taking sometimes bizarre, unexpected turns so whatever I write here could be moot not long after the ink dries. It’s always been dangerous to talk in absolutes about Musk. He is said to be genius-level smart but he’s done some really dumb things…
“Netflix shares slide after Goldman Sachs’ streaming downgrade” Netflix shares fell 5% on Friday after Goldman Sachs downgraded the streaming pioneer over risks of slower consumer spending and tough competition from Amazon and Walt Disney. In April, Netflix lost subscribers for the first time in more than a decade, signaling trouble ahead for the industry as rising prices of…
“US stocks tank over sky-high May inflation data” Stocks plummeted on Friday as data showing inflation accelerated to a fresh four-decade high in May rattled Wall Street and sent indexes to another week of losses. The Dow Jones Industrial Average tumbled 880 points or 2.7%. The tech-heavy Nasdaq index slid 414.21 points, or 3.5%, while…
” Samsung Asset Management to launch blockchain ETF in Hong Kong “ Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF). The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced…
“Dow plunges more than 600 points as rate pressures grow” Stocks on Wall Street tumbled Thursday following the latest reminder that central banks now care more about fighting inflation than propping up markets. The S&P 500 sank 2.4%, putting it on track for its ninth losing week in the last 10. The Dow Jones Industrial…
“SEC’s Gary Gensler unveils plan to overhaul stock trading” The Securities and Exchange Commission’s top boss unveiled a plan on Wednesday that he said would make sure retail traders — including those behind last year’s “meme stock” mania — get a fair deal. The proposed changes put the SEC on a potential collision course with…
” Two more spot crypto ETFs launch on Australian markets “ A further two cryptocurrency-backed exchange-traded funds (ETFs) have launched on the Cboe Australia exchange on June 7 bringing the total amount of crypto ETFs available to Australian traders to six. The Canada-based 3iQ Digital Asset Management (3iQ) launched two spot ETFs, the 3iQ CoinShares…