“You can’t always get what you want”… ATOM, Cosmos’s native token, is down over 90% from its 2022 high as last week saw significant declines amid speculation of a Binance derivatives pricing glitch or a rug pull.
“Three things cannot be long hidden: the sun, the moon, and the truth”… The S&P BDC Index is down 13% YTD, with public BDCs trading at NAV discounts, while private funds report largely unchanged values – suggesting questionable valuations.
Oh my!!! SEC Chairman Paul Atkins announced that he hopes that moving quickly to adopt new rules deregulating the capital markets will “future-proof” his agenda against potential tampering by succeeding presidential administrations.
I spy a… JPMorgan’s $3 billion Midtown headquarters will require biometric entry (palm, fingerprint, or eye scans) for 10,000 employees, replacing badges, as the bank expands its multi-block campus promoting in-office culture with luxury amenities and strict security.
Wow, do we love this!!! ARK has invested roughly $10 million in Securitize, joining backers like BlackRock, Morgan Stanley, Coinbase Ventures and Hamilton Lane, amid reports that the tokenization firm is negotiating a Cantor Fitzgerald SPAC merger that could value it at $1 billion.
“Oops, I did it again”… The broker-dealer unit of Synovus Financial Corp. agreed to pay $315,000 to settle with FINRA for failing to notice a “pattern of forging and falsifying customer electronic signatures” at one of its branches.
Contagion??? Yieldstreet retail investors unknowingly held exposure to First Brands, a heavily leveraged consumer products conglomerate where $2.3B vanished, increasing risks across CLOs, trade finance, and direct loans, with $11B of liabilities threatening institutions and shaking confidence in private-market alternatives.
“We are all fragile threads in the great tapestry of life”… A Google tweak limiting indexed results massively reduced Reddit citations into ChatGPT, spurring a Reddit stock slide and revealing how AI visibility now underpins platform value, and how fragile that dependency can be.
“I’m coming down fast, but don’t let me break you”… During Friday’s crypto flash crash, USDe (the fourth-largest stablecoin; issued by Ethena) briefly depegged to around $0.65 on Binance before rebounding, while major fiat-backed stablecoins USDT, USDC, and DAI remained at parity.
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