Traders fear another Black Monday — market data says don’t worry
As financial market speculators spent the weekend predicting a Black Monday repeat performance, stock futures opened modestly higher.
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— Kospi, South Korea
KOSPI erases an entire year’s worth of South Korean GDP
AI stocks Samsung and SK Hynix rode Korea’s KOSPI stock market to a record high and now account for 70% of its drawdown.
Strive to sell another $130M of SATS stock to buy more bitcoin
Strive announced plans to raise $500M through a Series A IPO that would sell 5M shares at $100 each, of the perpetual preferred stock SATS.
Strategy dips on bad MSCI World Index news
A powerful committee adopted “non-operating company” rules that could remove Strategy from the prestigious MSCI World Index.
CoreWeave halved since joining Nasdaq 100 as insiders sold $740 million
Insiders have dumped hundreds of millions of dollars of CoreWeave stock as shares have dropped more than 46% since it joined the Nasdaq 100.
Strategy’s USD Cash down 60% in seven weeks
Strategy’s USD Cash pile has plummeted 60% from $1.61B in late August to just $640.5M a few days ago.
Broadcom CEO calls AI ‘a casino’ after co-founder dumped $750 million
Broadcom CEO Hock Tan accused AI investors of acting “like they are in a casino,” after his co-founder sold $750M of AI stock this year.
XRPN took shareholder vote with no knowledge of XRP inflation bug
Evernorth brought millions of XRP to the Nasdaq via XRPN on a fixed-supply thesis that was actually already broken in a secret inflation bug.
Robinhood CEO Vlad Tenev sold his Class A stock to zero… again
Robinhood CEO Vlad Tenev has sold his Class A stock down to zero, but somehow that exact same headline keeps repeating.
US defense giant’s top holder dumps nearly $1 billion of stock
The family that has owned General Dynamics since 1959 just sold nearly $1B of the company’s stock in five weeks.