Author: Charlotte

Original by Odaily Planet Daily (@OdailyChina)Author: Asher (@Asher_0210)After Meme coins, NFTs are becoming the new speculative hotspot on the Robinhood Chain.The first NFT project on Robinhood Chain to catch the community’s attention was StonkBrokers. On July 17, StonkBrokers launched 4,444 NFTs via a Free Mint. Within less than a month, its floor price surged to around 13 ETH, briefly surpassing established blue-chip NFTs like BAYC and Pudgy Penguins. As of August 14, the StonkBrokers floor price on OpenSea still exceeds 11 ETH, with cumulative trading volume surpassing $4.7 million.What truly brought this wave of Robinhood Chain NFT hype into the…

News flash: We live in a mixed economy | Froma Harrop Star-Herald Source link

Circle Internet Group (CRCL +5.75%) now has a bank. Sort of. It won’t hold your paycheck, give you a mortgage, or hand out a toaster for opening an account. In fact, Circle won’t open an account for you at all. It’s not that kind of bank. On July 10, the U.S. Office of the Comptroller of the Currency (OCC) gave Circle final approval to establish a specialized bank named Circle National Trust. The doors opened on July 24. A trust bank is the financial equivalent of a very serious safe-deposit vault. Circle’s own FAQ says it plainly: No deposits, no…

Semiconductor Stocks Drive Wall Street RallyExtreme Undervaluation Compared to TSMC and MicronMomentum Building for Mid- to Long-term Revaluation The KOSPI surged for a fifth consecutive day, breaking through the 7,000-point mark during intraday trading. This was driven by the strong performance of U.S. semiconductor stocks, which spilled over into the domestic market. Furthermore, the growing analysis that Samsung Electronics and SK hynix are extremely undervalued is fueling expectations of a stock price revaluation. On the 14th, the status of the domestic stock market was displayed on the electronic board in the dealing room of Hana Bank in Jung-gu, Seoul, as…

August—a summer month for Europe—has begun with volatility in financial markets coexisting with risk appetite. “The momentum from the final stretch of the previous month was led by the tech sector on Wall Street, whose solid earnings offset inflationary rigidity. Despite this, the S&P 500 recorded a slight monthly dip for the second consecutive month, standing 2% below its all-time highs, while the Fear and Greed Index positioned itself at 39/100. Regarding energy, the U.S. Strategic Petroleum Reserve (SPR) fell to 308 million barrels, its lowest level since 1983, and pushed crude oil to its largest monthly gain since March,”…

When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit: Getty Images There’s no question anymore about the exchange-traded fund (ETF) structure and how ETFs can be a key part of any investor’s toolkit. Indeed, assets in ETFs and similar exchange-traded products (ETPs) now exceed $15.7 trillion. That’s almost eight times what they were a decade ago, according to the Investment Company Institute (ICI), the fund industry’s trade group. What is an ETF, and why are they so popular? “ETFs are similar to mutual funds in that they hold a collection of…

Trump Media and Technology Group has confirmed plans to distribute a new digital token to its shareholders, marking the clearest step yet in the company’s gradual expansion into blockchain-based products tied to its media and financial services ecosystem. In a press release, the company said it intends to issue the token to shareholders of its publicly traded stock, DJT, in partnership with Crypto.com. The distribution will be carried out using Crypto.com’s infrastructure, with the token expected to run on the Cronos blockchain, which is designed to support high transaction throughput and interoperability across networks. Trump Media said Airdrop Token does…

Softer inflation readings, easing rate hike expectations and a pullback in Treasury yields have put rate sensitive real estate stocks back in the spotlight. When borrowing costs stop climbing, investor attention often shifts quickly to areas that can benefit first. This article walks through three stocks from a U.S. rate sensitive real estate screener that appear especially exposed to the latest macro moves and explains why their stories now deserve a closer look. The stocks highlighted below are just a starting sample. The full screen surfaced 22 more U.S. rate sensitive real estate and homebuilding companies with equally compelling narratives…

Zerodha Fund House has launched the Zerodha Arbitrage Fund, an open-ended scheme that seeks to capture arbitrage opportunities between stocks and their corresponding derivative contracts, the fund house said in a press release. The fund will invest at least 65% in equity and equity derivatives, with the balance in debt instruments. The strategy aims to  benefit from temporary pricing differences rather than depending on the market direction. “Rather than depending on markets rising or falling, the strategy seeks to capture temporary price differences between a stock and its corresponding derivative contract. When these pricing gaps aren’t available, the fund temporarily…

Chime Financial is considering adding stablecoins as a feature in its consumer banking app, Bloomberg reported Thursday (Aug. 13), citing unnamed sources. The FinTech asked blockchain technology companies to submit proposals to provide stablecoin wallet services that would enable Chime customers to send and receive the digital assets without needing a separate account or another provider, according to the report. Chime did not immediately reply to PYMNTS’ request for comment. PYMNTS reported in May that Chime achieved its first quarter of GAAP profitability as a public company and that this achievement could suggest that the competitive edge across a mature…