Author: NBTC
Keith Gill, ‘Roaring Kitty’, reveals unexpected investment in Chewy, owning 6.6% stake. Gill’s Chewy stake disclosed in SEC filing, causing initial surge then drop in stock price. Keith Gill buys 9 million Chewy shares, raising questions about the company’s future. Keith Gill, widely recognized as ‘Roaring Kitty’ is once again trending, but not about GameStop. This time, it’s about an unexpected investment in online pet retailer Chewy (CHWY). JUST IN: Roaring Kitty (Keith Gill) files SEC 13G disclosing owning 6.6% of Chewy $CHWY. pic.twitter.com/gEQnBCvK5b — Watcher.Guru (@WatcherGuru) July 1, 2024 In a recent SEC 13G filing, Gill disclosed that he…
Renowned scholar, former option trader and risk analyst Nassim Nicholas Taleb is known to a wide audience thanks to his popular books “Black Swan”, “Antifragile”, “Skin in The Game”, etc. Less than an hour ago, Taleb revealed the title of his next book and what it will be about in a post published on the X social media platform. Taleb is also a major Bitcoin critic who came to it all the way from adoring BTC. Taleb shared that his next book will be called The Lydian Stone (also known as the “touchstone”) that is a flint stone that was…
Insurance companies have historically shaped standards and promoted safer practices throughout society. In the automobile industry, they drove the development and adoption of now-ubiquitous safety measures – like seatbelts and airbags. By reducing premium payments for vehicles equipped with safety features, insurance companies helped align incentive mechanisms for car manufacturers and drivers and enforce higher safety standards. Similarly, by making liability coverage insurance contingent on adherence to safety protocols, insurance companies played a pivotal role in establishing safety standards in buildings and in the manufacturing sector. The digital asset ecosystem has grown substantially in recent years and will continue to…
Ethereum is the leading alternative crypto token. Except for Bitcoin, ETH is the most reputable coin in this market. The token kept that position for over a decade. So, should you then convert BTC to ETH, and what should you expect from Ethereum in the future? Whether you’d like to learn ETH basics, current market trends, or price predictions, you are on the right page. This quick guide will tell you all the details of Ethereum for your upcoming trades. What Do We Know About Ethereum? Ethereum is a project launched by utilizing blockchain technology. Its primary success lies in…
Bitfinex Securities announced the launch of two new tokenized bond issues under an ongoing issuance program from Mikro Kapital’s securitization fund, ALTERNATIVE. This marks the second tokenized bond since the companies announced a Memorandum of Understanding in October last year. Mikro Kapital is a Luxembourg-based microfinance and impact investment company founded in 2008. The company focuses on providing microcredit and financial services to small and medium-sized enterprises (SMEs) in emerging markets, particularly among countries in Central Asia and Europe. The bond program will feature 11-month and 36-month bonds with 10% and 13.5% coupon rates, respectively. The bonds, issued on the…
Roughly 500 institutional investors revealed allocations into the spot bitcoin ETFs in the first quarter. These included institutions of all sorts, with institutional advisors making up 60% of holders and hedge funds roughly 25%, an outcome that isn’t normally the case after only a few months after the launch of a new ETF, an expert says. One surprising investment came from the State of Wisconsin, which allocated $160 million into the funds, and could spur more interest from pension funds in the future. Spot bitcoin (BTC) exchange-traded funds debuted with a giant splash in January, quickly attracting billions of dollars…
The governance token of Pendle declined 20% earlier this week amid steep roll-off in the value of assets locked on the platform. AAVE, LDO also saw more than 10% price drops as a large investor moved $10 million of tokens to Binance. Cryptocurrencies in the decentralized finance (DeFi) sector were hit harder than the broader crypto market this week, with the CoinDesk DeFi Index losing 9% from its Monday high versus the CoinDesk 20 benchmark’s 5% decline during the same time. Leading the plunge was the governance token of Pendle – a DeFi protocol that offers crypto yields in the…
Sentient’s platform will be built on Polygon, representing an expansion of the Ethereum scaler into AI. The round was co-led by Pantera Capital and Framework Ventures. Peter Thiel’s venture capital firm Founders Fund has co-led a huge $85 million seed round investment in open-source AI development platform Sentient. Sentient’s platform will be built on Polygon, representing an expansion of the Ethereum scaler into AI. Polygon co-founder Sandeep Nailwal is one of Sentient’s core contributors. The project aims to address concerns about the proliferation of AI whereby the underlying code is concentrated in the hands of a few superpowers like Google…
KARRAT, the governance token of the KARRAT protocol, has surged over 40%, reaching an all-time high since its launch. At the time of writing, the token was trading at $1.10, marking a 41% increase in the last 24 hours. The crypto assets trading volume also saw a significant rise, climbing by 600% to $32 million. KARRAT 24-hour price chart | Source: CoinMarketCap Launched on April 22 by the KARRAT Foundation in Camana Bay, Cayman Islands, the KARRAT Protocol is funded by KARRAT tokens, focusing on the gaming and AI sectors. AMGI Studios, an independent animation and gaming company at the…
Bitcoin’s price surged another 6% on Thursday, surpassing $66,000 for the first time since March. As of press time, it stands at $66,225.85 with a market capitalization of $1.295 trillion. Similarly, its trading volume has surged by 76.00%, amounting to $42.575 billion. BTC/USD 24-Hour Chart (Source: CoinStats) This surge comes after the recent U.S. Consumer Price Index (CPI) data release on Wednesday. Bitcoin has now crucially broken above the $64,000 resistance level, potentially setting the stage for further gains to new all-time highs. Market Analysts Signal End of Downtrend Rekt Capital, a cryptocurrency research firm, said the recent breakout suggests…