The European Central Bank claims "Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation (...)"
"The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient." Whatever Lagarde and the ecb say, the harsh reality is that the euro has collapsed againt bitcoin as all fiat currencies did. Source: Aries V., Senior Investment Data analyst at Fidelity
Chinese Authorities froze a quant hedge fund's account for 3 days after it dumped more than $360 million worth of stocks within the first minute of trading.
Source: Barchart
“Maybe” The World’s Most Powerful Banker Knows Something That We Don’t?
Jamie Dimon bought 1.235 million shares in the open market from 2009 to 2016 at the exact times when markets bottomed. Last week, he sold 821,778 shares of JP Morgan stock worth $150 million for the first time ever. Impeccable timing? Time will tell... Chart: Bespoke through Sagar Singh Setia
It's been 309 trading days since ChatGPT was released on 11/30/22 and the Nasdaq is up 46.07%.
In the 309 trading days after Netscape (the first web browser) was released in December 1994, the Nasdaq was up 45.9%. Source: TME
Despite the surge in market-cap indices, small-cap stocks remain deeply entrenched in a bear market, now down 27% from their recent peak.
Source: Bloomberg, Tavi Costa
I believe you have to be willing to be misunderstood if you're going to innovate
Source: LeadershipRight
Elon Musk, the CEO of X (formerly Twitter), has confirmed the imminent launch of Xmail, sparking speculation about its potential to rival Google's Gmail service.
Musk's announcement came swiftly after rumors of Gmail's impending shutdown spread like wildfire on the internet. Source: India Today, Times Now
BYD Co. debuted its most expensive car on Sunday
A 1.68 million yuan ($233,450) high-performance fully-electric supercar pitted against gas-guzzling options offered by rivals such as Ferrari NV and Lamborghini. The Yangwang U9 will initially be for the China market, the company said at a live-streamed event in Shanghai. The car can hit 100 km/h (62 mph) in 2.36 seconds and reach a top speed of 309.19 km/h, it said. Source: Bloomberg
