Fidelity files for spot Ethereum ETF

Fidelity files for spot Ethereum ETF

Fidelity Investment has filed for a spot ether ETF, following its spot bitcoin ETF application. Asset management giant Fidelity Investment has filed for a spot ether ETF, in the footsteps of its spot bitcoin ETF application. “To this point, approval...
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Wells Fargo customers report missing deposits

Wells Fargo customers report missing deposits

Deposits disappear from Wells Fargo accounts. For the second time this year, Wells Fargo acknowledged that deposits were not showing up in customers’ accounts. In an emailed statement Friday morning, a Wells Fargo representative said the issue was affect...
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BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

BIS To Use AI To Monitor Global Bank Transactions For “Money Laundering”

As the IMF is currently gearing up to introduce its new global CBDC system called the UMU (also known as the Unicoin), The Bank for International Settlements (BIS) has been busy with multiple projects designed to centralize all international banks...
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New Global Currency Unveiled: The Universal Monetary Unit

New Global Currency Unveiled: The Universal Monetary Unit

New digital asset the Universal Monetary Unit, also known as Unicoin, is an international central bank digital currency that has been designed to work in conjunction with all existing national currencies. The IMF did not create this new currency, but...
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Major global powers ditching the U.S. dollar

Major global powers ditching the U.S. dollar

The global trend of substituting the US dollar with local currencies in the trade of goods and transactions has been on the rise, with countries hoping to reduce their dependence on Washington and prevent it from further exploiting its power...
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‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

‘Dr. Doom’: Most US banks are “technically near insolvency,” with hundreds already “fully insolvent.”

Renowned economist Nouriel Roubini, who predicted the global financial crisis of 2008 caused by fraudulent MBS, has issued a grim assessment of US banking sector’s status. In an opinion piece for Project Syndicate, Roubini, nicknamed ‘Dr. Doom’ by Wa...
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Bank Run Drains $550 Billion In Deposits In One Week

Bank Run Drains $550 Billion In Deposits In One Week

It seems that QT Is Essentially Over. The Fed Since 2020: 1. Mar 2020: Inflation won’t be a problem 2. Jan 2021: Inflation is “transitory” 3. Sept 2021: Interest rates won’t rise until 2024 4. Jan 2022: Recession is needed...
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Moody’s Downgrades Entire U.S. Banking System

Moody’s Downgrades Entire U.S. Banking System

Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests...
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Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or...
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Central Banks Around The World Are Suffering Heavy Losses

Central Banks Around The World Are Suffering Heavy Losses

Central bank balance sheets, bloated by a decade of monetary manipulation, now yield less than overnight interest rates. That gap is producing staggering losses for the very same central bankers responsible for creating it. One such example: The German Bundes...
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Lebanon to devalue currency by 90% on Feb. 1

Lebanon to devalue currency by 90% on Feb. 1

Lebanon will adopt a new official exchange rate of 15,000 Lebanese pounds per US dollar on Feb. 1, central bank governor Riad Salameh said, marking a 90% devaluation from its current official rate that has remained unchanged for 25 years....
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Qatar Investment Authority doubles stake in Credit Suisse

Qatar Investment Authority doubles stake in Credit Suisse

The Qatar Investment Authority (QIA) now owns 6.8% of Credit Suisse’s shares, second only to the 9.9% stake purchased by the Saudi National Bank last year as part of a $4.2 billion capital raise. Combined with the 3.15% owned by...
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Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year

Citadel hedge fund recorded $16 Billion Profit, overall hedge funds overall losing $208 billion last year

And Ken Griffen’s Citadel hedge fund recorded $16 Billion Profit For Clients In 2022. Citadel had a blowout year, and according to the WSJ, had generated about $28 billion in revenue. The impressive number, driven by a 38.1% return at the...
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History: The first ETF launched 30 years ago, revolutionizing investing

History: The first ETF launched 30 years ago, revolutionizing investing

30 years ago, the launch of the first exchange-traded fund ushered in a new era of investing. Now, the industry is bringing exotic trading strategies to the masses. The SPDR S&P 500 ETF Trust, which tracks the benchmark U.S. stock...
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BIS sets a limit of 2% on crypto reserves among commercial banks

BIS sets a limit of 2% on crypto reserves among commercial banks

Group of Central Bank Governors and Heads of Supervision (GHOS) of the Bank for International Settlements (BIS) sets a limit of 2% on crypto reserves among commercial banks. The new standard limits crypto reserves among banks to 2% by 2025,...
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