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In a surprising turn of events, hedge funds betting on a downturn in US and European stock markets have suffered staggering losses estimated at $43 billion amid a sharp rally over recent days. Short sellers, who had strategically positioned themselves against companies vulnerable to higher borrowing costs, found themselves on the wrong side of the […]

In a bid to support the beleaguered real estate sector, Chinese authorities have initiated the drafting of a list comprising 50 real estate firms eligible for financing. This strategic move has prompted a notable surge in both shares and bonds of Chinese developers, marking a significant rebound for the industry. A Bloomberg index tracking China […]

The ProShares Bitcoin Strategy ETF (NYSE: BITO), a trailblazer as the first U.S. ETF to mirror Bitcoin’s movements, has successfully amassed $1.4 billion in assets, anchored by its strategic focus on Bitcoin futures. This achievement comes at a pivotal moment for the financial industry, eagerly awaiting the U.S. Securities and Exchange Commission’s (SEC) verdict on […]

In the face of rampant inflation and economic instability, Bitcoin has achieved an unprecedented all-time high (ATH) in Turkey, reaching a staggering 1,076,038.99 Turkish Lira (TRY). The cryptocurrency’s ascent in the country gained momentum during the COVID-19 lockdowns in March 2020, propelling Turkey into a prominent position within the global crypto market. BlackRock CEO Larry […]

In response to escalating tensions between the United States and China, the Federal Retirement Thrift Investment Board (FRTIB), overseeing the main US federal government pension fund, has decided to exclude Chinese and Hong Kong-listed stocks. The $771 billion pension fund announced on Wednesday that it would alter the benchmark index for its international fund, marking […]

In a startling twist of fate, the Grok cryptocurrency (GROK) has encountered a severe setback, with its market capitalization nosediving from $160 million to $78 million. This drastic decline transpired in the wake of allegations pointing to fraudulent activities surrounding the digital currency. Despite enjoying rapid growth and boasting a substantial user base of over […]

In a groundbreaking move, Brazil successfully raised $2 billion on Monday through its debut ‘green’ bond issuance, securing a 6.15% yield, as reported by an anonymous source with knowledge of the transaction. The seven-year bonds mark a strategic initiative to establish a benchmark within the private market, concurrently aligning financial resources with the government’s ambitious […]

European sustainable funds, often referred to as ESG funds, are witnessing a substantial exodus of investors, driven by apprehensions surrounding economic instability and shifting regulatory paradigms. This shift in sentiment became particularly pronounced during the third quarter of 2023, with a staggering €20.5 billion ($21.7 billion) being pulled from funds residing within the European Union’s […]

In recent weeks, gold prices have witnessed a significant rally, with the ongoing Hamas-Israel conflict playing a crucial role in highlighting gold’s status as a safe-haven asset and its intriguing divergence from the typical relationship with US Treasuries. As investors seek refuge amid geopolitical and market uncertainty, the precious metal’s value has soared by as […]

In a significant move to combat terrorism financing, Israeli law enforcement authorities have taken decisive action by ordering the closure of dozens of cryptocurrency accounts and seizing millions of dollars’ worth of cryptocurrency assets. This intensified effort comes as part of longstanding attempts to sever the connections between cryptocurrency markets and Hamas, following the recent […]