Category: News
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Robinhood posts $682M in Q2 2024 revenue
Robinhood surpassed Wall Street expectations for its second-quarter earnings, driven by a surge in interest in meme stocks and cryptocurrencies. This uptick in trading activity was partly due to the reemergence of meme-stock influencer Keith Gill, which reignited interest in stocks like GameStop. As a result, Robinhood saw a significant 69% increase in transaction-based revenue,…
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Brazil looks to become the first country with Solana ETF
The Brazil Securities and Exchange Commission (CVM) has given the green light for a Solana exchange-traded fund (ETF). This approval was listed in the CVM’s central database, as reported by local news outlet Exame. This Solana-based ETF is a first for Brazil and one of the pioneering Solana-based exchange-traded products (ETPs) worldwide. The initial Solana…
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Nexera Loses Millions in Proxy Contract Breach: What Happened
Nexera, a blockchain infrastructure developer, experienced a significant hack on Wednesday, resulting in the loss of $1.5 million as exploiters commandeered a proxy contract and sold NXRA tokens. Exploit Details: Control and Chaos Blockchain security firm Cyvers reported suspicious transactions involving Nexera’s proxy contract. The exploiter managed to upgrade the proxy contract, effectively taking control…
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Morgan Stanley’s 15000 Advisors Pitching Bitcoin ETFs Today
Starting today, Morgan Stanley’s wealth advisors can actively pitch two spot bitcoin exchange-traded funds (ETFs) to some of their clients, according to CNBC. The advisors will solicit investments into BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) from eligible clients. This marks a significant shift in the traditional finance industry’s approach…
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Nasdaq Requests SEC Approval for Options Trading on BlackRock’s Spot Ethereum ETF
BlackRock recently filed a proposal for options trading and listing on its spot Ethereum (ETH) exchange-traded fund (ETF), iShares Ethereum Trust (ETHA). The proposal was submitted to the US Securities Exchange and Commission (SEC) on August 6 via the Nasdaq International Securities Exchange. According to the filing, the newly proposed iShares Ethereum Trust assets will…
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Major Security Breach Hits Ronin Network
Peckshield, a prominent blockchain security firm, has uncovered a significant security breach impacting the Ronin Network, resulting in the loss of 3,996 $ETG tokens valued at approximately $9.8 million. The discovery was made public in a Tuesday X post. White Hat Hacker Speculation The breach has sparked speculation that a white hat hacker may have…
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Semler Scientific buys 101 more Bitcoin
Semler Scientific, a healthcare company, has recently implemented a Bitcoin treasury strategy, acquiring an additional 101 Bitcoin (BTC). This brings their total holdings to 929 BTC over a span of just over two months. Since May, Semler Scientific has invested $63 million in Bitcoin as part of their broader plan to integrate the cryptocurrency into…
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Capula Investment Management’s $464M Bitcoin ETF Holdings Drop Amid Declining Prices
Capula Investment Management, a prominent London-based hedge fund, has reported owning $464 million in spot bitcoin ETFs issued by BlackRock and Fidelity. This filing, reflecting the firm’s holdings as of June 30, was submitted to the U.S. Securities and Exchange Commission. Current Valuation Due to the recent decline in Bitcoin prices, Capula’s position in these…
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Morgan Stanley to Offer Bitcoin ETFs Through Financial Advisors
Morgan Stanley is set to become the first major Wall Street bank to allow its financial advisors to offer Bitcoin ETFs to certain eligible clients, starting next Wednesday. Expanding Bitcoin Access Starting next Wednesday, Morgan Stanley’s 15,000 financial advisors will be able to offer shares of two Bitcoin exchange-traded funds: BlackRock’s iShares Bitcoin Trust and…
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Korean Stock Exchange suspends trading
The South Korean Stock Exchange, KOSPI has suspends all sell orders on stocks as the sell off in global equities intensifies. This comes after the Japanese stock market crash and the dip that Yen has been facing from a few months. On top of that, Goldman Sachs has increased the odds of a recession by…