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” Here’s why bears aim to keep Bitcoin under $29K ahead of Friday’s $640M BTC options expiry “ Over the past nine days, Bitcoin’s (BTC) daily closing price fluctuated in a tight range between $28,700 and $31,300. The May 12 collapse of TerraUSD (UST), previously the third-largest stablecoin by market cap, negatively impacted investor confidence…
“Melvin Capital clients fume at founder Gabe Plotkin” Melvin Capital said it is finally shutting down after getting clobbered by Reddit investors last year — and now clients are doubly angry because its founder Gabe Plotkin is still charging them fees, The Post has learned. Plotkin — whose massive short positions in “meme stocks” like…
“Cathie Wood slams Tesla’s removal from S&P 500 ESG index” Ark Invest founder and noted Tesla bull Cathie Wood has joined company boss Elon Musk in slamming the S&P 500’s decision to remove the electric car maker from its stock index tracking the most sustainable and socially conscious companies. Tesla was removed from the S&P…
” FTX US to launch stock trading against stablecoins “ Major cryptocurrency exchange FTX is moving into equity trading, with its United States-based subsidiary FTX US launching a stock trading platform. West Realm Shires Services, the owner and operator of FTX US, announced on May 19 the upcoming launch of FTX Stocks, a stock trading…
” $1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus “ The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007’s subprime mortgage market crisis — around $1.3 trillion, which has prompted…
“NY pension money ‘held hostage’ by Vladimir Putin, Russia” New York employees and taxpayers are unwittingly financing Russian companies and the oligarch pals of Vladimir Putin with at least $519 million invested in assets now frozen by the war-mongering dictator, The Post has learned. City and state pension systems have pledged to sell off the holdings…
“Elon Musk to randomly sample Twitter accounts to find true number of spam, fake accounts” Elon Musk on Friday night explained how he will determine the number of spam and fake accounts on Twitter, hours after he said his bid to acquire the platform was on hold due to the company’s possible underreporting of bots….
” 3 reasons why Cardano can sink further despite ADA price bouncing 58% “ Cardano (ADA) pared a big portion of the weekly losses incurred during this week’s crypto market rout. ADA’s price reached an intraday high of $0.60 on May 13, a day after rebounding from its week-to-date low of $0.38 — a 58%…
” Bitcoin gains superior to stocks in the long term, economist says “ The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe the better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market saw one of its biggest sell-offs ever, with the…
” Robinhood shares spike 30% after Sam Bankman-Fried buys $650M stake “ Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. The news was well received by the market, with Robinhood’s (HOOD) stock price initially soaring over 30% in after hours…