South Korea’s stock market is officially more volatile than BTC
South Korea’s stock market index, KOSPI, now swings harder on an average day than BTC, with higher annualized realized volatility.
Aaron Wise
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Some SpaceX bonds have already sunk to junk-like territory
Investors lent SpaceX billions in June, and its longest-dated bonds have sunk to an effective junk-like yield of 7.5% at $0.90 on the dollar.
Robinhood Chain’s memecoin boom is already imploding
Two weeks after Robinhood Chain pitched its layer 2 as RWA infrastructure, it's overrun with dying memecoins.
Crypto Twitter is back
Nikita Bier shipped a modest X algorithm improvement and let Crypto Twitter influencers turn it into a full-blown resurrection story.
BNB Plus suspended by Nasdaq after failed BNB treasury bet
Anthony Scaramucci-advised treasury company BNB Plus has crashed 99.9% and has been delisted from Nasdaq.
Strive bought STRC instead of holding ‘idle cash,’ lost over $4M
Strive told shareholders that it was choosing to hold STRC instead of idle cash, a swap that has cost shareholders millions of dollars.
IBM just had its worst day since Black Monday
IBM crashed 26%, shedding $72B of its market cap in a single day after CEO Arvind Krishna confessed the company faltered during Q2.
SpaceX slips below $140 per share, wiping $1T from peak valuation
SpaceX slipped below $140 per share on Monday, wiping out $1T from the peak market capitalization of Elon Musk’s IPO.
— Michael Saylor, MicroStrategy
No amount of cash can fix STRC’s trust problem
Michael Saylor keeps raising cash for STRC holders who've watched him shift his promises, so the discount below par is persisting.
SK Hynix wipes out US debut gain in one day of trading
SK Hynix’s new ADR rose 12.7% on its Nasdaq debut Friday. Then Seoul dropped -12.6% on Monday, leaving many US buyers in the red.