Financial System
from ZH Dr Fauci’s emails have been released via a Freedom of Information Act request, and there is some pretty interesting stuff in them, particularly one email where a researcher who funded the Wuhan Institute of Virology thanks Fauci for publicly dismissing the lab leak theory early on during the pandemic. The email from Dr. Peter […]
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from ZH Never one for understatement, Palantir co-founder Joe Lonsdale appeared on CNBC this week to discuss cryptocurrencies and the world’s central banks efforts to re-centralize control of what the establishment is clearly losing control over. As Henry Kissinger reportedly once said, “Who controls money control the world” echoing the infamous quote from Mayer Amschel Rothschild: “Permit me […]
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from ZH Fast forward to today, when with WallStreetBets forums abuzz with positive sentiment about the two original meme stocks, AMC and GME… … this morning AMC stocks has soared more than 16%, rising for the sixth day in a row and last seen above $23 as it hits a market cap of $10 billion for the […]
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From coindesk Cryptocurrency project DeFi100, a decentralized finance (DeFi) protocol built on the Binance Smart Chain, appears to have been a scam, with the people running it having taken investors’ money and running. A unnamed crypto analyst on Twitter with more than 197,000 followers put the haul at $32 million. It was unclear how that figure was […]
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From ZH When Goldman officially announced two weeks ago that it was re-launching a previously rumored cryptocurrency trading team on May 6… … some joked that this was the top-tick for the crypto space: after all, the last time Goldman launched a bitcoin trading desk, the sector imploded and just a few months later Goldman killed its expansion plans, sending cryptos tumbling […]
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Yesterday we re-posted a detailed money flow analysis of Crypto markets with a focus on Tether liquidity titled The Bit Short: Inside Crypto’s Doomsday Machine. It is an anonymous post but it’s obviously genuine, the author is from the startup VC community. Several core arguments were solid and only could come from someone who deeply […]
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From ZH Summary: China reportedly launches widespread ban on crypto payments, warns of speculation Overall crypto market cap drops $1 trillion Ether down 40% at worst (rebounding strongly off $2000) Bitcoin down over $10,000 at worst (rebounding strongly off $30000) Crypto proxy stocks hammered Coinbase outages spark anger among traders Binance halts Ethereum withdrawals JPMorgan […]
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From ZH As if the pain for Coinbase longs, some of whom were stupid enough to buy the stock above $400 on the day the company went public, wasn’t enough with COIN stock today closing below its $250 IPO reference price for the first time, and down 42% from its post-IPO high on April 14… […]
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From ZH Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its […]
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From ZH Be afraid, very afraid. That appears to be the message from the Biden administration. As they cede “control” over the populace’s fear of COVID to the reality of a virus that doesn’t spread outdoors, or on surfaces, or via mask-blocking droplets and are increasingly unable to ‘scientifically’ explain the political problem that non-restrictive states […]
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