Author: Anthony M. Orbison
BitMEX co-founder Arthur Hayes was spotted moving millions of dollars worth of altcoins to crypto exchange Binance. According to blockchain tracking firm Lookonchain, Hayes sent over $8.47 million worth of Ethena (ENA) to Binance, presumably to sell on the open market. “Arthur Hayes previously accumulated 16.79 million ENA ($11.21 million) at $0.67 between Nov 26th and Nov 28th, making a profit of $7.7 million at the current price.” Source: Lookonchain/X According to blockchain “de-anonymizing” service Arkham, Hayes also sent an additional $2.42 million worth of ENA to another wallet containing over $11 million worth of crypto. Arkham notes that the…
The company has struggled to raise cash, and last month an agreement with the owner of Bed Bath & Beyond, Overstock and Zulily that would have come with a $40 million cash infusion fell apart. The Container Store said in a regulatory filing that it did not believe that it could match the financing requirements of the partnership with Beyond Inc.AP Photo/Cathy Bussewitz, File Source link
(Reuters) -Nordstrom has agreed to be acquired by its founding family and Mexican retailer El Puerto de Liverpool in a deal that values the luxury department store operator at about $6.25 billion, including debt. The company’s shareholders will get $24.25 in cash for each share held, an increase from the $23 apiece offer made in September. The offer price represents a 42% premium to the stock’s unaffected close on March 18. Reuters exclusively reported on March 19 that the founding family was seeking to take Nordstrom (NYSE:) private, six years after a similar attempt proved unsuccessful. Nordstrom’s shares were down…
The blockchain developer ecosystem is shifting: fewer developers are entering the space, and experienced developers are dominating the work, Electric Capital’s research report shows. Blockchain developers are key to the crypto industry. They build apps and tools that attract users and create value. More users bring more developers, therefore creating a cycle of growth. Yet, despite crypto’s focus on decentralization, the developer market appears to become more centralized, with experienced developers taking the lead, per Electric Capital’s recent research report. Fewer active developers The total number of active blockchain developers has dropped sharply. In November 2022, there were over 31,000…
After a recent job loss, I’m unfulfilled in my new role and considering retiring in January 2025 at age 55. My wife, 56, works part-time and we’ll switch to her health insurance next summer until she retires in two to three years. Until then, we’ll stay on my COBRA until May 2025. I’m struggling to determine whether we have enough saved. We also have hopes of buying an RV to travel the country, going on two to three cruises per year and scuba diving in retirement. In total, we have almost $4.6 million in combined assets, including $519,000 in savings and…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Modular furniture can change the look and feel of your living room in a heartbeat, which is why sectional sofas with freestanding ottomans are so popular right now. They’re comfortable and versatile, and one bestselling style is on deep discount right now at Walmart.The Justlet Sectional Sofa is now starting at only $590 while on clearance, which is an incredible $910 off the regular price. This sectional comes with a movable ottoman, which makes the low price even…
Crypto investment products experienced $308 million in net inflows last week, marking the eleventh consecutive week of positive movement, according to CoinShares’ latest weekly report.However, the week was not without turbulence. On Dec. 19, the industry recorded the most significant single-day withdrawal of $576 million. This tumultuous activity culminated in nearly $1 billion exiting the market in the latter part of the week.James Butterfill, CoinShares’ head of research, explained that the recent market downturn contributed to a $17.7 billion decrease in the total assets under management (AuM) for crypto-based Exchange Traded Products (ETPs).According to him, this market performance appears to…
Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.The four biggest US banks are on course to capture their largest share of the industry’s profits in almost a decade, a sign of how they are consolidating their dominant market position.JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, the four largest US banks by deposits and assets, collectively reported about $88bn in profits in the first nine months of 2024, according to Financial Times calculations based on figures from industry tracker BankRegData.Together they account for 44 per cent of the…
(Reuters) -MetLife Investment Management, a subsidiary of U.S. insurer MetLife (NYSE:) said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.2 billion. The deal, valued at up to $1.2 billion, includes an $800 million upfront cash payment, with an additional $200 million contingent on meeting specific 2025 financial targets and a further $200 million tied to a multi-year earnout structure, the New York-based company said. The acquisition excludes PineBridge’s private equity funds group business and its joint venture in China. PineBridge, founded in 1996…
Este artículo también está disponible en español. Solana (SOL) is navigating a turbulent period after facing a significant 33% correction from its all-time high at $264, reached in late November. Despite the sharp pullback, Solana demonstrates resilience, offering investors a promising long-term outlook. Related Reading Renowned crypto analyst Carl Runefelt recently shared his insights on X, highlighting a compelling technical setup for SOL. According to Runefelt, Solana has successfully retested a massive triangle pattern on the weekly timeframe. This critical retest suggests that Solana’s price action remains intact and could serve as a launching pad for a significant rally shortly.…