A French trader, known as Théo, placed a massive $30 million bet on Donald Trump winning the U. S. presidential election through Polymarket. The gamble paid off big time – Théo raked in $48 million in profits. This trader, who used four different accounts, predicted Trump's victory in the Electoral
Tuesday night was an exciting time for investors. Futures on the Dow and S&P 500 climbed, and Bitcoin hit a new peak as early results from the U. S. presidential election rolled in. The U. S. dollar index also reached its highest level since July. Cryptocurrencies, often linked to former President T
Bitcoin hit a new high of $75, 345 on Wednesday, rising by about 8%, as investors anticipated that Donald Trump's victory in the U. S. presidential election would be great news for cryptocurrencies. This was a significant turnaround for Trump, who was once skeptical about crypto but later embraced i
As the US Presidential election results rolled in, the world of cryptocurrencies was abuzz with excitement. Two notable coins, DOGE and SOL, saw significant jumps in their value. DOGE, a meme-based token, shot up by over 25%, temporarily reaching a price of nearly $0. 22. It maintained this momentum
Donald Trump's victory in the presidency has led to a surge in stocks for certain businesses, many of which have been controversial. Let's start with Donald Trump's own business, Trump Media & Technology Group. Its stock crashed as the election results were coming in, but it rebounded strongly once
You know how understanding sports can be tricky, right? Well, imagine trying to teach a computer to grasp all the rules, strategies, and history. That's what scientists have been working on with Natural Language Processing (NLP). They found that even the most advanced AI models struggle with sports,
Ever thought about how traders keep their trades going without adding extra money? Welcome to the world of self-financing trading! This concept is a big deal in Quantitative Finance. It was first introduced by Harrison and Kreps in 1979 and expanded by Harrison and Pliska in 1981. In simple terms, s
Ever since the Middle Ages, international trade finance has been a key part of global business. It all started with local merchants and bankers creating their own unique financial assets. Over time, this system became more centralized, with leading trading centers like Antwerp, Amsterdam, and London
As the nation cast their votes on Election Day, shares of Trump Media & Technology Group, the company behind social media platform Truth Social, saw a significant boost. On Tuesday, the stock price jumped by 15%, starting the day at $37. 52 and touching a high of $40. 74 before settling around $39.
Tech company Nvidia is in discussions with Elon Musk about investing in his AI startup, xAI. This startup is the power behind the Grok chatbot on Musk's X social network. According to reports, xAI is looking to raise billions of dollars, aiming for a valuation of around $40 billion. The company has
