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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How MiniMed ended up with 99% of its float sold short
An estimated 99% short reading looks less like a bet against MiniMed than arbitrageurs eyeing a Medtronic discount.
Donald Trump bought PTC before $22.6B buyout
Trump’s portfolio bought up to $1M of PTC on July 20, 77 days before Schneider Electric agreed to buy all of its stock.
CHART: Time taken for the average US worker to earn one BTC tops 12 months
It costs more than one full-time year’s worth of labor for a US employee to buy one BTC, a work cost unprecedented prior to 2024.
Celsius sues BitMEX over trades Alex Mashinsky said never happened
A $495M lawsuit against BitMEX by Celsius debtors concerns trades that CEO Alex Mashinsky claimed never happened.
— AI, Hedge funds
Leopold Aschenbrenner is back to losing money in AI stocks
CNBC revealed on Friday that Leopold Aschenbrenner was buying AI equities again. By Monday, every one of his six stocks was falling.
There’s a 500% penalty on Hyperliquid oil short-selling
Hyperliquid is paying traders 500% a year to hold long oil derivatives. Payouts are hourly as an additional reward.
Bitcoin’s 90-day correlation with gold hits nine-year high
BTC's 90-day correlation with gold has reached a multi-year high as the US Treasury’s QE Lite announcement reunited debasement traders.
Creators pump and dump Dolly Parton memecoins
The crypto community decided to pay tribute to Dolly Parton by pumping and dumping memecoins using her name and photos.
World’s biggest clearinghouse didn’t need to XRP to go round the clock
Crypto and blockchain have not been particularly helpful for clearinghouse giants like DTCC expanding to 24 hour service.