October saw a massive influx of money into US exchange-traded funds (ETFs), with a record-breaking $166 billion in net new assets. This surge was led by Vanguard, which had its best month ever, pulling in over $50 billion. The largest share of these inflows went into US stock ETFs, with large-blend ETFs capturing the most attention. Vanguard's S&P 500 ETF, VOO, was ...
Zcash, a cryptocurrency known for its privacy features, saw a huge jump in value recently, reaching as high as $715. This is the biggest increase since 2018, and it has caught the attention of many in the crypto world. One of the main reasons for this surge is the growing interest in privacy-focused cryptocurrencies. More people are using Zcash's privacy features, w...
Aave's Horizon market, a part of the decentralized finance (DeFi) world, is getting a big upgrade. Securitize and VanEck are bringing their tokenized treasury fund, VBILL, to this platform. This move is made possible by Chainlink's NAVLink oracle technology, which helps connect traditional finance with DeFi. Since its launch in August, Horizon has become the fastest...
Bitcoin, Ethereum, and XRP have all taken a hit, dropping below important price points. Bitcoin hasn't been this low since June, and Ethereum has lost 17% of its value in just a week. The mood in the crypto world is pretty gloomy, with everyone talking about "bear market" and "100K" levels. Interestingly, small investors are buying up these dips, while bigger player...
Dogecoin has taken a hit, dropping by 5% and landing at $0. 16. This isn't just a small dip; it's a sign of bigger troubles. The coin has been struggling to hold onto its value, and the recent sell-off shows that big players are pulling out. This isn't just about small investors; it's about institutions moving large amounts of Dogecoin, which is pushing the price dow...
Bradley Heppner, once a prominent figure in the financial world, now faces serious allegations. The U. S. Department of Justice has charged him with securities fraud, wire fraud, and other crimes. These charges are tied to his time as the chair of GWG Holdings, a financial services company that went bankrupt. Heppner is accused of stealing over $150 million from GWG...
In a big move, MARA Holdings and MPLX LP are teaming up to build power plants and data centers in West Texas. This isn't just any project; it's a plan to use natural gas from MPLX's plants to fuel MARA's power facilities. The goal? To start with 400 MW of electricity and maybe even grow to 1. 5 GW. This power will support MARA's data centers and also help MPLX's oper...
Bitcoin mining companies are making big moves into AI. IREN, a major player in Bitcoin mining, just signed a huge deal with Microsoft. The deal is worth $9. 7 billion over five years. IREN will provide Microsoft with powerful GPUs from Nvidia. These GPUs will be hosted in IREN's data centers. IREN isn't stopping there. They also made a $5. 8 billion deal with Dell T...
XRP, a popular cryptocurrency, is currently facing some challenges. It has dropped by 5%, bringing its value to $2. 38. This decline has caught the attention of traders, who are warning that if the price falls below this level, it could lead to a much bigger drop, possibly as low as $1. 80. Looking at the technical side, XRP's performance has been weakening. It's tr...
Office Depot and OfficeMax, two big names in office supplies, are shutting down almost 100 more stores. This is not just a recent thing. It has been going on for a while. The company that owns them, ODP Corporation, has been struggling. This is because people are buying things online more often. They are not going to physical stores as much. The shift to online shop...