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 ...
Ripple, a major player in the crypto world, just got a huge boost. They raised $500 million from some big names like Fortress Investment Group and Citadel Securities. But why does this matter? Well, Ripple plans to use this cash to grow in areas like custody, stablecoins, and prime brokerage. These are services that big institutions are getting more interested in. R...
The Trump administration is pushing for a return to the financial excesses of the 1920s, much like the story of "The Great Gatsby. " A recent Halloween party at Mar-a-Lago, themed after the novel, featured extravagant decorations and scantily clad women, symbolizing the current administration's embrace of reckless financial policies. The 1920s saw a booming economy,...
Palantir Technologies is making waves in the defense and AI sectors. The company, known for its data analytics platforms, is gaining traction with both government and commercial clients. Its stock has seen a significant rise, with a 215. 9% increase over the past year. However, recent earnings reports have shown a mixed bag of results. Palantir's third-quarter earni...
A former executive has been sentenced to over five years in prison for his role in a scheme that tricked JPMorgan Chase into buying a startup for a huge amount of money. Olivier Amar, who was the chief growth officer for the company Frank, was given 68 months behind bars. This comes after the founder of Frank, Charlie Javice, was sentenced to 85 months in prison earl...
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...
The European Union is making waves with a plan to give the European Securities and Markets Authority (ESMA) more power over cryptocurrency and stock markets. This move aims to create a unified regulatory system, much like the one in the U. S. But not everyone is on board. The EU is thinking about letting ESMA directly oversee stock exchanges and crypto service provi...
The SEC recently made a move that might not directly involve Bitcoin or Ethereum but could significantly impact how crypto exchanges handle legal battles in the coming years. On October 31, the SEC issued an order that pushed back compliance deadlines for Regulation NMS, which governs US equity trading, to 2026. This decision came after a court rejected a request to ...
A major telecom company, Ribbon, recently revealed that hackers, likely backed by a government, had been sneaking around its systems for nearly a year. This news came out in a public report filed with the U. S. Securities and Exchange Commission. Ribbon, which is based in Texas, offers phone, internet, and networking services to big companies, including some in the ...
Crypto companies often team up with traditional finance firms, but these partnerships rarely live up to the hype. Solana recently announced a big deal with Western Union for its USDPT stablecoin, but experts aren't convinced it will make a real difference. For years, crypto firms like Ripple and Stellar have made lots of noise about partnerships with banks and remit...