Key Takeaways SEC enforcement of Rule 18f-4 prompts revisions to 3x leveraged ETF filings tied to crypto and tech stocks. Direxion’s proposed ETFs tracking Bitcoin, Ethereum, and tech sectors fall under new scrutiny. Share this article The SEC has requested revisions to multiple ETF filings that propose 3x and 5x leverage ratios to ensure compliance…
Prediction market Kalshi, which allows people to bet on future events, announced on Tuesday that it raised a $1 billion funding round at an $11 billion valuation, confirming TechCrunch’s scoop from last month. The round was led by returning investor Paradigm, with participation from Sequoia Capital, Andreessen Horowitz, Capital G, and other existing backers. The…
Japan is preparing to overhaul its crypto tax system after more than a decade of investor complaints and industry lobbying. According to new reporting from Nikkei Asia, the government and ruling coalition have formally endorsed a plan to cut the nation’s maximum crypto tax rate to a flat 20%, aligning digital assets with equities and…
AWS re:Invent Day 2 delivered major AI updates, including new Nova models, Trainium3 servers, and Bedrock’s largest model expansion. The post AWS re:Invent Day 2: Amazon Launches New AI Models, Trainium3 Chips, and On-Prem AI Factories appeared first on TechRepublic. Source link
The privacy coin zcash has experienced a sharp price collapse, tumbling to $316 on Dec. 2 and falling over 30% since Nov. 26. Technical analysis remains bearish, with one analyst projecting the coin to continue its decline toward a support range of $297-$311 before any potential reversal. Double-Digit Losses as ZEC’s Market Cap Shrinks The…
Bitcoin’s latest 30% slide hasn’t rattled Grayscale Research, which argues that the decline mirrors historical patterns and is unlikely to mark the beginning of a prolonged downturn. Summary Grayscale Research says Bitcoin’s recent 30% pullback is normal for a bull market and does not signal the start of a deep, multi-year downturn. Privacy-focused tokens outperformed…
Shoppers dropped a lot of cash during Black Friday and Cyber Monday. Despite substantial economic concerns for U.S. consumers, shoppers in the country spent record amounts. Online spending hit a record-high $11.8 billion on Black Friday itself, NBC News reported, citing figures from Adobe Analytics. The same firm estimated shoppers spent $6.4 billion online on…
Key Takeaways NVIDIA and Mistral AI have formed a partnership focused on accelerating the development of open-source language models. The collaboration continues existing efforts, including development of the Mistral NeMo 12B language model for chatbots and coding tasks. Share this article NVIDIA and Paris-based large language model (LLM) developer Mistral AI have formalized a strategic…
If you’re near Rochester, New York, the price for a carton of Target’s Good & Gather eggs is listed as $1.99 on its website. If you’re in Manhattan’s upscale Tribeca neighborhood, that price changes to $2.29. It’s unclear why the prices differ, but a new notice on Target’s website offers a potential hint: “This price…
Kraken is moving to acquire Backed Finance AG, aiming to pull tokenized equities deeper into the global financial mainstream. Backed to Join Kraken as Tokenized Stock Demand Climbs Worldwide Kraken has agreed to purchase Backed Finance AG, the issuer behind xStocks, in a deal meant to accelerate the expansion of tokenized equities while tightening the…
