{ }
Top college football prospect Matai Tagoa’i will receive part of his earnings in Bitcoin through a NIL deal with the University of Southern California, joining stars like Odell Beckham Jr. and Russell Okung in this trend. Tagoa’i aims to set an example for young athletes, highlighting the potential for long-term financial growth. Beckham, who converted his $750,000 salary to Bitcoin in 2021, recently celebrated the cryptocurrency's rise, while Okung advocates for Bitcoin payments in his new flag football league, Bitball, to help athletes preserve wealth.
In March 2023, a regional banking crisis in the U.S. unexpectedly impacted Credit Suisse, prompting federal authorities to act swiftly to maintain its solvency and prevent a global financial crisis. Despite extensive preparatory work, negotiations for a merger with UBS were challenging, leading to multiple fallback options being considered. The Parliamentary Investigation Committee later criticized the handling of the crisis, highlighting weaknesses in the existing too-big-to-fail regulations and the need for improved risk management and early crisis detection.
US stock futures indicate a challenging day ahead as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. Key inflation data is anticipated, with futures for the S&P 500 down 1% and Nasdaq futures plunging 1.6%. Major stocks, including Nvidia and Tesla, faced significant declines amid global market pressures and disappointing earnings reports.
The PUK report attributes the downfall of Credit Suisse primarily to management missteps, while highlighting the leniency of politicians and authorities towards the banking lobby. It criticizes the "too big to fail" regulation as inadequate during crises and calls for urgent reforms to prevent future failures, especially with UBS's increased risk.
A parliamentary investigation has concluded that Credit Suisse is primarily to blame for its collapse in spring 2023, citing a loss of 33.7 billion francs over twelve years while paying out 39.8 billion francs in performance bonuses. The report criticized the Financial Market Authority for ineffective supervision and called for clearer regulations for systemically important banks. Following its difficulties, Credit Suisse was sold to UBS in an emergency sale, averting fears of a global financial crisis.
Irfan Shaik, founder of Interstate, proposes that regulators could target Ethereum's validators to enforce compliance, noting that major builders have censored transactions. Meanwhile, Tornado Cash co-founder Roman Storm seeks to dismiss charges after a Fifth Circuit ruling deemed sanctions against immutable smart contracts illegal, emphasizing that developers cannot control their use. This ruling has sparked optimism among privacy advocates and decentralized protocol supporters.
Bitcoin's surge past $100,000 has positioned the UAE as a burgeoning crypto hub, bolstered by the Central Bank's introduction of the AE Coin stablecoin. With robust regulations like VARA in place, the region is attracting major players and fostering trust in digital assets, while the interplay between CBDCs, stablecoins, and cryptocurrencies is set to shape the future of finance.
UBS has lowered its price target for Micron (MU) to $125 from $135 while maintaining a Buy rating. The firm noted that Micron's guidance fell short of expectations due to ongoing challenges in consumer markets, but highlighted positive prospects in the DRAM sector, viewing the current pullback as a buying opportunity.
UBS has lowered its price target for Micron (MU) to $125 from $135 while maintaining a Buy rating. The adjustment follows Micron's guidance, which fell short of expectations due to ongoing challenges in consumer markets. Despite this, UBS highlights positive aspects in the DRAM sector and views the current pullback as a buying opportunity, anticipating significant revenue growth ahead.
Mark Yusko claims Donald Trump and his son Eric are investing heavily in cryptocurrencies like Bitcoin, XRP, and Hedera, potentially influencing U.S. crypto policies and ETF approvals. Speculation arises about classifying XRP and HBAR as national assets, while Charles Hoskinson refutes these claims, asserting Bitcoin is the only contender for a national reserve. Yusko remains optimistic about a shift in U.S. leadership towards a more crypto-friendly environment, reflecting global trends in innovation and competitiveness.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.