Quant funds just suffered their most crippling trading rout this year as momentum stocks flopped
Although the last week has been painful for quant funds, asset allocators remind investors that it’s important to look at returns over a wider timeframe. So…
Cathie Wood’s ARK adds $43.5M in crypto stocks amid market dip
ARK Invest's biggest crypto stock purchases over the past three trading days were Coinbase and Circle, whose shares have fallen 17% and 27.6%, respectively,…
SEC wins $5.4M judgment in NanoBit crypto fraud case
The SEC alleged that NanoBit’s crypto trading platform was fake and that hundreds of thousands of dollars in investor funds were misappropriated.…
Securitize heads to NYSE debut after investors approve SPAC merger
The tokenization firm is expected to begin trading on the NYSE on Thursday, becoming one of the first publicly traded pureplay tokenization companies.…
Ukraine transfers $8.3 million in seized crypto amid potential plans for strategic reserve
The funds were seized during an investigation into an international hacker group accused of laundering proceeds from data theft through highvalue property.…
How the chip trade has come to resemble silver — a warning from Morgan Stanley’s Wilson
Investors should shift away from popular momentum trades, says veteran Wall Street strategist Mike Wilson. Source：MarketWatch
Why Apple pivoting to China for memory may not solve big tech’s microchip crisis
Apple reportedly is looking to ease its memory crunch with a Chinese company, but the dominance of the big three makers continues, says one tech investor.…
The central bank of central banks warns AI frenzy could trigger stock-market slump and jeopardize economy
Rich stock market valuations, investor complacency, circular financing, and the potential knockon effects in credit markets are a clear warning in the BIS…
Why ‘permabear’ Jeremy Grantham is steering his own cash into high-flying tech companies
A viral socialmedia post this weekend took Jeremy Grantham bashing a step further by looking at the investing legend’s own investments. Source：MarketWatch
Excessive AI spending risks global financial consequences, BIS warns
The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can…
$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record
Investors have pulled out $4 billion from the U.S.listed spot bitcoin ETFs in June, the highest outflow on record. Source：CoinDesk
SBI's $289 million Bitbank deal is symptomatic of Japan's crypto consolidation: Architect Partners
The investment bank said the purchase of Japanese crypto exchange Bitbank is a bet on regulated scale as sweeping reforms reshape the country's digital asset…