News
Crypto Exchange FTX Reaches $25 Billion Valuation
Cryptocurrency exchange FTX reached a valuation of $25 billion in a new funding round that includes heavyweights from traditional finance, such as the Ontario Teachers’ Pension Plan and funds managed by BlackRock Inc. Read more here
Proshares Bitcoin Futures ETF Will Launch On NYSE Tuesday: NYT
Scott Freeman, JST Capital Co-Founder and Partner, joins Alix Steel and Guy Johnson on "Bloomberg Markets: The European Close". Freeman says crypto is not going away, and Bitcoin could be a good long-term investment. See more here
CoinShares Invests in Switzerland-Based FlowBank
CoinShares, one of the world’s largest digital asset management firms, announced a strategic investment today of $11,845,790 in FlowBank, a Geneva-based online bank. Read more here
Compass Mining launches ‘at-home’ bitcoin mining service
Compass Mining, a bitcoin mining hardware marketplace and hosting services provider, has launched a new service that lets retail miners mine bitcoin at their homes. Read more here
Kevin O’Leary aims for 7% portfolio allocation in cryptocurrencies
Investor and FTX Ambassador Kevin O'Leary joins Yahoo Finance with FTX.US President Brett Harrison to discuss the growth of FTX and regulation in cryptocurrencies. Watch more here
A new metric for liquidity add-ons: easy as ADV, but better
It’s a rock and a hard place. When a firm like Archegos collapses, brokers and clearing firms are squeezed by volatile prices and vanishing liquidity. Read more here
NBA’s Steph Curry Seals FTX Crypto Pact Similar to Tom Brady’s
A day after tweeting that he was just getting into crypto and soliciting advice, basketball star Stephen Curry announced a partnership with FTX, the fast-growing crypto platform run by Sam Bankman-Fried.
Oil slides as coronavirus, slower China imports weigh on demand outlook
Oil prices fell on Monday as the spread of the COVID-19 Delta variant stoked fears over future fuel demand, but losses were limited as crude supply is forecast to be tight through the rest of the year. Read more on Reuters here
Crypto assets post outflows after two-week run of inflows -CoinShares data
Cryptocurrency investment products and funds posted outflows to start the second half of the year, as cautious sentiment persisted in the midst of a summer lull, according to data from digital asset manager CoinShares released on Monday. Read more on Reuters here
Takeaways From FOMC Minutes
The S&P 500 finished up 0.34% and the Dow Jones finished up 0.30% on Wednesday. Fiona Cincotta, Senior Financial Markets Analyst at City Index discusses the takeaways from the FOMC minutes in relation these market benchmarks. See more on TD Ameritrade Network...