Category: Featured
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Millions in NFT Thefts: The Aftermath and Intriguing Motivations
Losses of Nearly $3 Million in VeeFriends and World of Women NFTs According to Revoke.cash, NFT Trader has reported losses amounting to nearly $3 million, affecting NFTs from VeeFriends and World of Women. Insights into the Attacker’s Motivations and Intentions In a public communication, one of the attackers provided some insights into their motivations and […]
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FTX Debtors’ Amended Reorganization Plan Sparks Debate Among Creditors
Valuation of Claimants’ Digital Assets A notable provision in the plan is the valuation of claimants’ digital assets in cash at the time of the bankruptcy filing, which occurred on November 11, 2022. This approach ensures a fair assessment and treatment of the assets involved. Market Recovery Following FTX Collapse The collapse of FTX initially […]
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Memelike Stocks Still Making Waves, But AMC and GameStop Losing Steam
AMC’s Share Price Falls from its Meme Glory Days AMC shares are currently trading at $6.70, a dramatic fall from their high of $393.63 during the meme-stock frenzy in June 2021. Reese explains that the current premium valuation of AMC is driven, in part, by a sub-section of loyal shareholders who gained their stake during […]
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New York Fed President Pushes Back on Rate Cut Expectations as Inflation Remains Key Focus
Williams Emphasizes Focus on Inflation Target New York Federal Reserve President John Williams responded to the increasing market expectations of interest rate cuts by stating that the central bank’s primary concern is evaluating the appropriateness of its current monetary policy to bring inflation back to the 2% target. In an interview with CNBC, Williams explicitly […]
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Resurgent Loan Activity and IPO Optimism Point to Strong Market Recovery
Strong Resurgence in Leveraged Capital Markets According to Michele Cousins, the Head of Leveraged Capital Markets for the Americas at UBS, clients are displaying increased engagement and demonstrating readiness to move forward with processes. Leverage-loan activity, frequently associated with private-equity deals, along with corporate refinancing, has experienced a significant rebound in recent weeks after experiencing […]
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Larry Summers Discusses Soft Landing, AI, and Prospects of Another Trump Presidency with Financial Times
Assessing the State of the Economy and the Fed’s Approach Regarding the economy, Summers expressed concerns about the possibility of a soft landing. He pointed out a number of issues such as declining credit flows, inverted yield curves, consumer behavioral aspects, and signs of credit strains that could potentially hinder a smooth landing if one […]
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Major Central Banks Diverge on Rate Cuts: Fed Signals, BOE Remains Restrictive
U.S. Federal Reserve Signals Multiple Cuts in 2024 and 2025 The Federal Open Market Committee announced its intention to retain the benchmark rate within the 5.25% to 5.5% range. However, the committee surprised the market with plans for three rate cuts in 2024 and an additional four cuts in 2025. This dovish stance on monetary […]
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Meet Reach: The SocialFi Startup Tackling Twitter’s Algorithm and Bot Problem
Ambitious Startup Reach Today, startup Reach announced the rollout of its “fit-for-purpose” protocol, powered by the Ethereum-based REACH token. The platform is exiting its beta phase and is set to launch fully on Monday. The company has also secured $1 million in funding, valuing it at $3 million. Notable investors include pseudonymous Crypto Twitter personalities […]
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Tech Sector Surges as AI Monetization Sparks Massive Growth Opportunities
Disparity Between Tech Giants and the Rest of the Sector The performance disparity between top tech companies and the rest of the space is evident in the market. For example, the Invesco QQQ Trust Series 1 QQQ, which tracks the Nasdaq-100, has witnessed a 51% gain this year. In contrast, the equal-weight version QQQE has […]
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Banks’ Potential Rebound in 2023 as S&P 500 Hits Record High
Banks Struggling to Keep Up Despite the market rally, banks have been left behind. The SPDR S&P Bank ETF (KBE) has only gained 4% this year, and even with a recent rally, the regional bank ETF (KRE) remains down 8%. While earnings in the sector have held up, with a projected 16.8% growth in earnings […]