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mintmochi

mintmochi

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0勋章

2021-06-15

Yes, cargo market will be in demand before leisure travel can resume

Airbus hints at a freighter version of its A350 to tap into hot cargo market

2021-05-04

Buy Microsoft today?

Bill and Melinda Gates are getting divorced. Here are some stocks they owned

2021-06-12

Possibly a contract manufacturer? Great news on increased supply

J&J Provides Statement On Supply Of Single-Shot COVID-19 Vaccine

2021-06-12

We are all Guinea pigs in worldwide clinical trial of Covid vaccine

COVID-19 Jabs of Pfizer & Moderna May Lead to Inflamed Heart

2021-05-25

Bear market cancelled?

抱歉，原内容已删除

2021-03-20

2021 is the year of SPACs?

抱歉，原内容已删除

2021-08-13

When will Visa follow suit?

抱歉，原内容已删除

2021-06-08

[害羞] FANGMAN the new catchphrase

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2021-04-27

Great news for $TSLA

Tesla posts record net income of $438 million, revenue surges by 74%

2021-08-13

Wow

Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock

2021-07-14

Retreat to earth

2021-05-29

$Tiger Brokers(TIGR)$let's go!

2021-05-25

Crypto scams people to get rich

10 Reasons the Cryptocurrency Bubble Is Bursting

2021-05-24

Pretty indeed

抱歉，原内容已删除

2021-04-26

All 👀 on the big tech companies

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2021-04-21

Buy the dip?

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2021-03-10

$Tiger Brokers(TIGR)$ bought the dip

2021-02-18

BTC 50k then 100k 🚀🚀🚀

Bitcoin’s $50,000 FOMO Is Overpowering Bankers

2021-07-06

The title is misleading though...

Fake Tesla, Apple Stocks Have Started Trading on Blockchains

2021-07-05

Market closed, sleep early tonight

Is the Stock Market Open or Closed on Independence Day?

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run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/815538117","repostId":"1105876391","repostType":4,"isVote":1,"tweetType":1,"viewCount":2215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894748884,"gmtCreate":1628860266948,"gmtModify":1631886289442,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"When will Visa follow suit?&nbsp;","listText":"When will Visa follow suit?&nbsp;","text":"When will Visa follow suit?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894748884","repostId":"2159922112","repostType":4,"isVote":1,"tweetType":1,"viewCount":1464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894755976,"gmtCreate":1628859826595,"gmtModify":1631891640326,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894755976","repostId":"1147123577","repostType":4,"repost":{"id":"1147123577","kind":"news","pubTimestamp":1628859135,"share":"https://ttm.financial/m/news/1147123577?lang=&edition=full","pubTime":"2021-08-13 20:52","market":"us","language":"en","title":"Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1147123577","media":"Bloomberg","summary":"Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redou","content":"<p>Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known&nbsp;financial empire.</p>\n<p>Inside the members-only T-Club, two cockatoos, Grisha and Silvia, keep watch. Above a bronze samovar, a flat screen television shows the proprietor’s corporate crest: a green “F” on a green shield.</p>\n<p>Few can explain exactly what’s going on here — how an obscure brokerage in Kazakhstan, of all places, has outrun Wall Street firms.</p>\n<p>But outrun them it has, and then some, at least in the stock market. Over the past couple of years, the share price ofFreedom Holding Corp.– the company whose “F” logo is on that green crest — has soared about 500%.</p>\n<p>How? The young billionaire with the answers, Timur Turlov, is sitting at the table over there. Wearing a tailored blue suit and sipping a Red Bull, Turlov, 33, sketches out a grand vision for the broker.</p>\n<p>“We remain one of the few floodgates to the Western market for customers from our region,” Turlov says in his native Russian, while detailing the unique arrangement he says has helped secure Freedom access to newly listed U.S. stocks.</p>\n<p>There’s a mysterious&nbsp;hedge fund with deep connections across Wall Street; a trading conduit through Belize that Turlov personally controls; an obscure New York brokerage with a troubled past.</p>\n<p>According to Turlov, founder of Freedom, this setup has&nbsp;secured access to hot new stocks in America, a pitch that helped make his company’s name.&nbsp;Freedom, he says, is giving Russians, Kazakhs, Uzbeks and Ukrainians a piece of the Wall Street action.</p>\n<p>One more twist: the more shares in Freedom&nbsp;his clients buy, the more of those hot U.S. stocks they will get, Bloomberg has previously reported.</p>\n<p>According to Freedom marketing materials, clients have gotten in on more than 100 U.S. IPOs since 2020, including Airbnb Inc., Bumble Inc. and South Korean e-commerce giantCoupang Inc.Such access is virtually impossible for small brokers and wealth managers who are actually based in the U.S. to secure.</p>\n<p>Turlov says his firm’s way in is an affiliate of a hedge fund that buys the shares from underwriters and passes them along. Its identity&nbsp;is confidential, he says, and no mention of it appears in U.S. filings. Even inside Freedom, the name is closely guarded, according to current and former employees.</p>\n<p>The arrangement is unusual, to say the least. Reena Aggarwal, director of Georgetown University’s Center for Financial Markets &amp; Policy, says she’s never seen anything like it.</p>\n<p>Freedom is doing it all under the gaze of U.S. authorities. The group&nbsp;is based in Almaty but its listed entity is registered in Las Vegas. Its stock is traded on the Nasdaq, where the company is currently worth about $4 billion.</p>\n<p>Inside the T-Club, Turlov’s smartphone keeps buzzing. Tall and boyish-looking, in a purple&nbsp;tie, Turlov turns serious as he outlines Freedom’s ambitions. In January, it acquired New York-based broker Prime Executions Inc., and Turlov says he’s looking to expand further. In June, Standard &amp; Poor’s said it expected Freedom’s “robust earnings” to continue at least into 2022.</p>\n<p>Kazakhstan Economy</p>\n<p>To the uninitiated, Kazakhstan may be best known for “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” the 2006 Sacha Baron Cohen comedy that so infuriated the Kazakh government.</p>\n<p>But this Central Asian nation of 19 million is one of the most prosperous former Soviet republics. Its mineral and oil wealth has added to the region’s&nbsp;affluent elite, many of whom are eager to play the markets. Sensing opportunity, Turlov founded Freedom in 2008.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ff198d3f20f497b8c655ea2786bcfe3\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><span>The skyline of Nur-Sultan, Kazakhstan.Photographer: Taylor Wiedman/Bloomberg</span></p>\n<p>Today his firm has around 100 branches and offices, from the Kazakh capital Nur-Sultan, to the Russian resort city of Sochi, to Kyiv in Ukraine. Freedom is headquartered in the tallest building in Almaty, a glass-and-steel skyscraper next to a shopping mall with luxury boutiques like Louis Vuitton, Gucci and Prada.</p>\n<p>A Moscow native and citizen of Russia -- and also St. Kitts and Nevis in the Caribbean&nbsp;— Turlov controls almost&nbsp;three quarters of Freedom. As the company’s stock price has soared, he’s become a billionaire several times over.</p>\n<p>Minting Money</p>\n<p>The IPO business may attract the most attention, but Turlov says it is an increasingly marginal part of the business. He says Freedom doesn’t receive significant allocations&nbsp;and&nbsp;today the business makes up only about 10% of Freedom’s revenue.</p>\n<p>Freedom Holding has been minting money nonetheless, with&nbsp;customers gravitating&nbsp;to trading stocks and fixed income investments. Its pre-tax profit jumped more than six-fold to $173 million in the fiscal year ended March 31. During the same&nbsp;period, the number of its customer accounts doubled, to 290,000 — a huge figure for the region, albeit a pittance next to the 22.5 million at newly public Robinhood Markets Inc.</p>\n<p>Turlov’s own profile has also soared. In 2018, he backed “Financier,” a glossy financial drama (think an Almaty-based “Margin Call”). One of the brokerages in the film, Partner Finance, sports a logo similar to Freedom’s.</p>\n<p>His larger-than-life image continues to draw clients — as does hoped-for access to myriad U.S. listings. A section of Freedom’swebsitelays out the pitch. “Buy stocks at their initial price before trading begins,” it runs. “Prices can grow by tens or even hundreds of percent!”</p>\n<p>This ability to access IPOs “is Freedom’s specialty, their absolute advantage,” said Daniyar Temirbayev, who heads the Qazaq Association of Minority Shareholders, a lobbying group for investors in the country’s burgeoning stock market.</p>\n<p>Four Freedom customers interviewed by Bloomberg, who all asked not to be identified, confirmed they received allocations to U.S. IPOs -- and that they bought Freedom shares to increase their allocations.</p>\n<p>Oversubscribed IPOs</p>\n<p>Exactly how Turlov does all of this remains a puzzle to outsiders. Most U.S. IPOs are oversubscribed. Everyone wants to get in early in case a stock pops on the first trading day, and Wall Street banks typically dole out stocks to favored clients first. Hedge funds and big mutual funds typically take 90%, according to Jay Ritter, a finance professor at University of Florida in Gainsville.</p>\n<p>What are the odds an obscure player like Freedom could get in early?</p>\n<p>“Zero,” Ritter says.</p>\n<p>But Turlov says this is where his workaround comes in. In the T-Club, where entry is restricted to Freedom’s employees and high-rolling clients, he reveals key parts of the Freedom system.</p>\n<p>Belize Affiliates</p>\n<p>One is a Belize-based affiliate of the aforementioned hedge fund, which Turlov says buys the stocks from major underwriters. Another is a Belize-based affiliate of Freedom that Turlov personally owns. Once the hedge fund affiliate&nbsp;gets its hands on a stock, Turlov has that Belize-registered entity, FFIN Brokerage Services Inc., buy it and eventually pass it to Freedom for a fee.</p>\n<p>Freedom customers don’t actually get their hands on the stocks for three months, an eternity in the world of IPOs. During the lock-up period, they can buy a derivative from Freedom to fix the share price where they want.</p>\n<p>The hedge fund’s affiliate collects a commission, safe in the knowledge that Freedom clients won’t be able to flip the stock quickly, Turlov says.</p>\n<p>According to Scott Moss, a partner at law firm Lowenstein Sandler LLP in New York, hedge funds rarely if ever act as someone else’s broker because of potential regulatory hassles.</p>\n<p>“As a hedge fund manager, I would have huge reputational risk,” said Carsten Kotas, professor of business administration at FOM University in Frankfurt and a former trader who previously oversaw hedge funds at HSBC Holdings Plc.</p>\n<p>The Securities and Exchange Commission and the Financial Industry Regulatory Authority declined to comment on Freedom’s business practices.</p>\n<p>Most of the IPOs that Freedom has accessed so far this year have been overseen by Goldman Sachs Group Inc.,JPMorgan Chase &amp; Co.and Morgan Stanley. Spokespeople for the firms declined to comment on whether they were aware of any relationship between their clients and Freedom.</p>\n<p>Demand from customers far outstrips supply, so Freedom has started a$625&nbsp;millionfund traded in Russia and Kazakhstan, whose holdings include some of the IPO securities — and also holds Russian sovereign debt. It was created to enable more clients to get exposure to recently listed companies, according to Turlov.</p>\n<p>Lek Securities</p>\n<p>Turlov names another cog in his operation:Lek Securities Corp., a New York-based brokerage. Lek’s U.K. entity temporarily holds the IPO shares purchased by the hedge fund, he says. Freedom’s European subsidiary routes the vast majority of its trades to Lek, regulatory filings show. The New York broker, small by comparison with Wall Street banks, is also one of the most active traders of many of the IPO stocks that Freedom says it has accessed, Bloomberg&nbsp;data show.</p>\n<p>Lek has had run ins with U.S. regulators, including 2017 allegations that the brokerage had enabled manipulative trading by a client in Ukraine that resulted in almost $30 million of illicit profits. Lek was fined about $3 million in 2019 and founder Sam Lek was permanently banned from the securities industry.</p>\n<p>More trouble emerged in 2018 when FINRA alleged that Lek Securities had allowed customers with dicey backgrounds to engage in some $100 million of penny-stock trades despite “numerous red flags” of potential fraud. Calling the firm a “recidivist violator” of rules, Finra fined it $200,000 in 2019.</p>\n<p>Samuel Lek’s son Charles, who now runs the business, declined to comment.</p>\n<p>Freedom isn’t linked to the above allegations but its own operations have drawn&nbsp;questions. The Foundation for Financial Journalism, a non-profit supporting investigative journalism, published areportlast week examining Freedom’s corporate arrangements including Lek, various related party transactions and the execution process for the trades of its customers.</p>\n<p>Turlov says skepticism about Freedom is inevitable. People envy his success.</p>\n<p>“Almost any situation can become the basis for criticism,” he says.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known financial empire.\nInside the members-only T-Club, two cockatoos, Grisha and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRHC":"Euronext CAC Health Care"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147123577","content_text":"Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known financial empire.\nInside the members-only T-Club, two cockatoos, Grisha and Silvia, keep watch. Above a bronze samovar, a flat screen television shows the proprietor’s corporate crest: a green “F” on a green shield.\nFew can explain exactly what’s going on here — how an obscure brokerage in Kazakhstan, of all places, has outrun Wall Street firms.\nBut outrun them it has, and then some, at least in the stock market. Over the past couple of years, the share price ofFreedom Holding Corp.– the company whose “F” logo is on that green crest — has soared about 500%.\nHow? The young billionaire with the answers, Timur Turlov, is sitting at the table over there. Wearing a tailored blue suit and sipping a Red Bull, Turlov, 33, sketches out a grand vision for the broker.\n“We remain one of the few floodgates to the Western market for customers from our region,” Turlov says in his native Russian, while detailing the unique arrangement he says has helped secure Freedom access to newly listed U.S. stocks.\nThere’s a mysterious hedge fund with deep connections across Wall Street; a trading conduit through Belize that Turlov personally controls; an obscure New York brokerage with a troubled past.\nAccording to Turlov, founder of Freedom, this setup has secured access to hot new stocks in America, a pitch that helped make his company’s name. Freedom, he says, is giving Russians, Kazakhs, Uzbeks and Ukrainians a piece of the Wall Street action.\nOne more twist: the more shares in Freedom his clients buy, the more of those hot U.S. stocks they will get, Bloomberg has previously reported.\nAccording to Freedom marketing materials, clients have gotten in on more than 100 U.S. IPOs since 2020, including Airbnb Inc., Bumble Inc. and South Korean e-commerce giantCoupang Inc.Such access is virtually impossible for small brokers and wealth managers who are actually based in the U.S. to secure.\nTurlov says his firm’s way in is an affiliate of a hedge fund that buys the shares from underwriters and passes them along. Its identity is confidential, he says, and no mention of it appears in U.S. filings. Even inside Freedom, the name is closely guarded, according to current and former employees.\nThe arrangement is unusual, to say the least. Reena Aggarwal, director of Georgetown University’s Center for Financial Markets & Policy, says she’s never seen anything like it.\nFreedom is doing it all under the gaze of U.S. authorities. The group is based in Almaty but its listed entity is registered in Las Vegas. Its stock is traded on the Nasdaq, where the company is currently worth about $4 billion.\nInside the T-Club, Turlov’s smartphone keeps buzzing. Tall and boyish-looking, in a purple tie, Turlov turns serious as he outlines Freedom’s ambitions. In January, it acquired New York-based broker Prime Executions Inc., and Turlov says he’s looking to expand further. In June, Standard & Poor’s said it expected Freedom’s “robust earnings” to continue at least into 2022.\nKazakhstan Economy\nTo the uninitiated, Kazakhstan may be best known for “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” the 2006 Sacha Baron Cohen comedy that so infuriated the Kazakh government.\nBut this Central Asian nation of 19 million is one of the most prosperous former Soviet republics. Its mineral and oil wealth has added to the region’s affluent elite, many of whom are eager to play the markets. Sensing opportunity, Turlov founded Freedom in 2008.\nThe skyline of Nur-Sultan, Kazakhstan.Photographer: Taylor Wiedman/Bloomberg\nToday his firm has around 100 branches and offices, from the Kazakh capital Nur-Sultan, to the Russian resort city of Sochi, to Kyiv in Ukraine. Freedom is headquartered in the tallest building in Almaty, a glass-and-steel skyscraper next to a shopping mall with luxury boutiques like Louis Vuitton, Gucci and Prada.\nA Moscow native and citizen of Russia -- and also St. Kitts and Nevis in the Caribbean — Turlov controls almost three quarters of Freedom. As the company’s stock price has soared, he’s become a billionaire several times over.\nMinting Money\nThe IPO business may attract the most attention, but Turlov says it is an increasingly marginal part of the business. He says Freedom doesn’t receive significant allocations and today the business makes up only about 10% of Freedom’s revenue.\nFreedom Holding has been minting money nonetheless, with customers gravitating to trading stocks and fixed income investments. Its pre-tax profit jumped more than six-fold to $173 million in the fiscal year ended March 31. During the same period, the number of its customer accounts doubled, to 290,000 — a huge figure for the region, albeit a pittance next to the 22.5 million at newly public Robinhood Markets Inc.\nTurlov’s own profile has also soared. In 2018, he backed “Financier,” a glossy financial drama (think an Almaty-based “Margin Call”). One of the brokerages in the film, Partner Finance, sports a logo similar to Freedom’s.\nHis larger-than-life image continues to draw clients — as does hoped-for access to myriad U.S. listings. A section of Freedom’swebsitelays out the pitch. “Buy stocks at their initial price before trading begins,” it runs. “Prices can grow by tens or even hundreds of percent!”\nThis ability to access IPOs “is Freedom’s specialty, their absolute advantage,” said Daniyar Temirbayev, who heads the Qazaq Association of Minority Shareholders, a lobbying group for investors in the country’s burgeoning stock market.\nFour Freedom customers interviewed by Bloomberg, who all asked not to be identified, confirmed they received allocations to U.S. IPOs -- and that they bought Freedom shares to increase their allocations.\nOversubscribed IPOs\nExactly how Turlov does all of this remains a puzzle to outsiders. Most U.S. IPOs are oversubscribed. Everyone wants to get in early in case a stock pops on the first trading day, and Wall Street banks typically dole out stocks to favored clients first. Hedge funds and big mutual funds typically take 90%, according to Jay Ritter, a finance professor at University of Florida in Gainsville.\nWhat are the odds an obscure player like Freedom could get in early?\n“Zero,” Ritter says.\nBut Turlov says this is where his workaround comes in. In the T-Club, where entry is restricted to Freedom’s employees and high-rolling clients, he reveals key parts of the Freedom system.\nBelize Affiliates\nOne is a Belize-based affiliate of the aforementioned hedge fund, which Turlov says buys the stocks from major underwriters. Another is a Belize-based affiliate of Freedom that Turlov personally owns. Once the hedge fund affiliate gets its hands on a stock, Turlov has that Belize-registered entity, FFIN Brokerage Services Inc., buy it and eventually pass it to Freedom for a fee.\nFreedom customers don’t actually get their hands on the stocks for three months, an eternity in the world of IPOs. During the lock-up period, they can buy a derivative from Freedom to fix the share price where they want.\nThe hedge fund’s affiliate collects a commission, safe in the knowledge that Freedom clients won’t be able to flip the stock quickly, Turlov says.\nAccording to Scott Moss, a partner at law firm Lowenstein Sandler LLP in New York, hedge funds rarely if ever act as someone else’s broker because of potential regulatory hassles.\n“As a hedge fund manager, I would have huge reputational risk,” said Carsten Kotas, professor of business administration at FOM University in Frankfurt and a former trader who previously oversaw hedge funds at HSBC Holdings Plc.\nThe Securities and Exchange Commission and the Financial Industry Regulatory Authority declined to comment on Freedom’s business practices.\nMost of the IPOs that Freedom has accessed so far this year have been overseen by Goldman Sachs Group Inc.,JPMorgan Chase & Co.and Morgan Stanley. Spokespeople for the firms declined to comment on whether they were aware of any relationship between their clients and Freedom.\nDemand from customers far outstrips supply, so Freedom has started a$625 millionfund traded in Russia and Kazakhstan, whose holdings include some of the IPO securities — and also holds Russian sovereign debt. It was created to enable more clients to get exposure to recently listed companies, according to Turlov.\nLek Securities\nTurlov names another cog in his operation:Lek Securities Corp., a New York-based brokerage. Lek’s U.K. entity temporarily holds the IPO shares purchased by the hedge fund, he says. Freedom’s European subsidiary routes the vast majority of its trades to Lek, regulatory filings show. The New York broker, small by comparison with Wall Street banks, is also one of the most active traders of many of the IPO stocks that Freedom says it has accessed, Bloomberg data show.\nLek has had run ins with U.S. regulators, including 2017 allegations that the brokerage had enabled manipulative trading by a client in Ukraine that resulted in almost $30 million of illicit profits. Lek was fined about $3 million in 2019 and founder Sam Lek was permanently banned from the securities industry.\nMore trouble emerged in 2018 when FINRA alleged that Lek Securities had allowed customers with dicey backgrounds to engage in some $100 million of penny-stock trades despite “numerous red flags” of potential fraud. Calling the firm a “recidivist violator” of rules, Finra fined it $200,000 in 2019.\nSamuel Lek’s son Charles, who now runs the business, declined to comment.\nFreedom isn’t linked to the above allegations but its own operations have drawn questions. The Foundation for Financial Journalism, a non-profit supporting investigative journalism, published areportlast week examining Freedom’s corporate arrangements including Lek, various related party transactions and the execution process for the trades of its customers.\nTurlov says skepticism about Freedom is inevitable. People envy his success.\n“Almost any situation can become the basis for criticism,” he says.","news_type":1,"symbols_score_info":{"FRHC":0.9}},"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800446693,"gmtCreate":1627314707512,"gmtModify":1631891640330,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Earnings day. 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the dip!&nbsp;","listText":"Buy the dip!&nbsp;","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/143063625","repostId":"1162204971","repostType":4,"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140493456,"gmtCreate":1625667966475,"gmtModify":1631891640359,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140493456","repostId":"1187131398","repostType":4,"isVote":1,"tweetType":1,"viewCount":503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157242857,"gmtCreate":1625585303779,"gmtModify":1633939321426,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"HODLLLL","listText":"HODLLLL","text":"HODLLLL","images":[{"img":"https://static.tigerbbs.com/8d0f9f09330d44dad3b0ef4d5b247a1b","width":"1080","height":"2995"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157242857","isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157295578,"gmtCreate":1625582577394,"gmtModify":1633939366232,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"The title is misleading though...&nbsp;","listText":"The title is misleading though...&nbsp;","text":"The title is misleading though...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157295578","repostId":"2149350637","repostType":4,"repost":{"id":"2149350637","kind":"news","pubTimestamp":1625581500,"share":"https://ttm.financial/m/news/2149350637?lang=&edition=full","pubTime":"2021-07-06 22:25","market":"us","language":"en","title":"Fake Tesla, Apple Stocks Have Started Trading on Blockchains","url":"https://stock-news.laohu8.com/highlight/detail?id=2149350637","media":"Bloomberg","summary":"For years, the powers that be on Wall Street have toyed with questions about whether it would be fea","content":"<p>For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies.</p>\n<p>The innovators in the fast-moving world of decentralized finance -- or DeFi -- aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market.</p>\n<p>Fake versions ofTesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popularexchange-traded funds, have been created by the projectsMirror ProtocolandSynthetixover the past year. The tokens, and the programming that allows them to trade, are engineered to reflect the prices of the securities they track without any actual purchases or sales of the real stocks and ETFs involved. So far, volumes are just a tiny fraction of those on regulated exchanges. But for crypto enthusiasts, the potential upside is huge.</p>\n<p>The synthetic shares join a strange new world of assets such asdigital artworkand highlights of NBA games now trading on blockchains. Yet, unlike the modern art and dunks of the non-fungible token universe, these instruments raise questions about how they fit into a global stock market and brokerage industry governed by thousands of pages of rules from dozens of countries.</p>\n<p>At the moment, it’s a case of innovation that’s way ahead of regulation.</p>\n<p>Which is exactly how&nbsp;Do Kwon&nbsp;likes it. The co-founder and CEO of Terraform Labs, the South Korean company that created the Mirror Protocol on its Terra blockchain, in the mode of Vlad Tenev or Chamath Palihapitiya. DeFi “is so powerful in unlocking financial services for disenfranchised people around the world,” he said via email, that “it’s better to move fast and break things. Waiting for fragmented regulatory frameworks to crystallize before innovating is counterintuitive.”</p>\n<p>Synthetic Assets</p>\n<p>For Kwon and other proponents of these new synthetic assets, avoiding the various rules and barriers of the financial world is a feature, not a bug. It opens up opportunities for wealth creation currently only available to a fortunate few, he said. Users can trade the tokens anonymously 24 hours a day, seven days a week, from anywhere, unhindered by capital controls,“know your client”rules imposed on broker-dealers, and other frictions of the traditional financial system.</p>\n<p>Kwon said Terraform Labs doesn’t generate any revenue from fees charged on the Mirror Protocol. Those go to users as an incentive to provide liquidity. Rather, the firm profits via a cryptocurrency it created that tends to increase in value as projects like Mirror grow in popularity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/603592b93f5f75f55f7927b44372308b\" tg-width=\"1000\" tg-height=\"1044\" referrerpolicy=\"no-referrer\"><span>The interface on Terraswap to buy Mirrored Tesla</span></p>\n<p>So how exactly do these synthetic equities work? Well, it’s complicated.</p>\n<p>But to oversimplify, under the Mirror Protocol, the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage price discrepancies and manage the actual supply of tokens. Users can create, or “mint,” new tokens when prices are too high by posting collateral, and destroy, or “burn,” tokens when prices are too low,driving the priceup or down.</p>\n<p>Through these incentives, the “synths closely track the price of the real-world asset,” Kwon said. “But they’re still only tokens on a blockchain providing explicit price exposure.”</p>\n<p>‘Trojan Horse’</p>\n<p>The tokens trade on decentralized, automated markets like Uniswap andTerraswap, which allow users to buy and sell the assets directly on the blockchain -- a different model than centralized crypto exchanges run by the likes of Coinbase Global Inc. and Binance.</p>\n<p>So far, trading volumes likely aren’t high enough to cause executives at Nasdaq or the New York Stock Exchange to lose much sleep. Mirrored Apple tokens, for example, have a market capitalization of about $34 million, according toCoinmarketcap.com. That compares with about $2.3 trillion for the real stock, and is around 1/1,000th the size of the novelty cryptocurrency Dogecoin.</p>\n<p>A comparison of prices between various mirrored equities and the real securities at various times over the past week shows that the difference between the two can range from a penny to several dollars. For example, in afternoon trading on June 30, the price of Mirrored Tesla on CoinMarketCap.com was almost $6 higher than the $684 level the real shares were trading for on the stock market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37c316b1a6a4c8847b072741e58a2c89\" tg-width=\"1000\" tg-height=\"617\" referrerpolicy=\"no-referrer\"><span>Mirrored Tesla’s price from CoinMarketCap.com</span></p>\n<p>Yet, the projects bear watching by traditional finance institutions, given some of the ambitions in the DeFi space. As digital-asset management firm Arrington XRP Capital put it in areportanalyzing and describing its support for Mirror, the goal of DeFi is not to simply improve a user’s experience with the banking system, but rather to dismantle it entirely. These new synthetic equities, the firm wrote, “are one of DeFi’s most obvious Trojan Horses into legacy markets.”</p>\n<p>A spokeswoman for the U.S. Securities and Exchange Commission and representatives for Nasdaq, the listing exchange for most of the equities being copied by synthetics, declined to comment.</p>\n<p>“Since these synthetic products are not regulated and not traded on a national securities exchange, I would think that the SEC would take issue with them,” said Joseph Saluzzi, the co-head of equity trading at Themis Trading who has providedtestimonyto Congress on market issues. “According to the SEC, their mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. This sounds like an investor-protection issue to me.”</p>\n<p>Binance, the world’s biggest cryptocurrency exchange, has alreadydrawn the attentionof Germany’s financial regulator by offering tokens that are tied to the performance of popular U.S. stocks but backed by the actual equities. Binance may have violated securities rules when it issued the tokenized shares of Tesla, MicroStrategy Inc. and Coinbase, BaFin said in April.</p>\n<p>Regulators could also start looking more closely at the DeFi space following some spectacular blowups in stablecoins -- digital currencies designed to closely track the value of national currencies (and which Mirror traders use as collateral to mint new tokens). Dallas Mavericks owner Mark Cuban, an enthusiastic and influential investor in DeFi,recently calledfor regulations to address the cryptocurrencies after losing money when one crashed in value to zero.</p>\n<p>Billionaire crypto investor Mike Novogratz, founder and chief executive of Galaxy Digital, recently tweeted that players in DeFi markets may regret it if they don’t start abiding by so-called know your client and anti-money laundering rules.</p>\n<p>“Invest in a compliance layer now or pay the piper later,”he wrote. “If we want this ecosystem to grow we need to recognize we need to operate within the rules society sets.”</p>\n<p>Kwon said Terraform Labs has not yet had any conversations with regulators in the U.S. or elsewhere about mirrored equities. Nor has the company communicated with exchanges such as Nasdaq, or the firms that manage the ETFs that have been mirrored.</p>\n<p>But to stop mirrored stocks and other synthetic assets from trading, you would have to shut down the underlying open-source software code that makes up the blockchain and is used by a global user base that includes many anonymous players, he added.</p>\n<p>“As long as there are ardent believers in the greater picture of what’s possible with the technology, shutting down crypto, DeFi, or synths is a Sisyphean task,” he said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fake Tesla, Apple Stocks Have Started Trading on Blockchains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFake Tesla, Apple Stocks Have Started Trading on Blockchains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies....</p>\n\n<a href=\"https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2149350637","content_text":"For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies.\nThe innovators in the fast-moving world of decentralized finance -- or DeFi -- aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market.\nFake versions ofTesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popularexchange-traded funds, have been created by the projectsMirror ProtocolandSynthetixover the past year. The tokens, and the programming that allows them to trade, are engineered to reflect the prices of the securities they track without any actual purchases or sales of the real stocks and ETFs involved. So far, volumes are just a tiny fraction of those on regulated exchanges. But for crypto enthusiasts, the potential upside is huge.\nThe synthetic shares join a strange new world of assets such asdigital artworkand highlights of NBA games now trading on blockchains. Yet, unlike the modern art and dunks of the non-fungible token universe, these instruments raise questions about how they fit into a global stock market and brokerage industry governed by thousands of pages of rules from dozens of countries.\nAt the moment, it’s a case of innovation that’s way ahead of regulation.\nWhich is exactly how Do Kwon likes it. The co-founder and CEO of Terraform Labs, the South Korean company that created the Mirror Protocol on its Terra blockchain, in the mode of Vlad Tenev or Chamath Palihapitiya. DeFi “is so powerful in unlocking financial services for disenfranchised people around the world,” he said via email, that “it’s better to move fast and break things. Waiting for fragmented regulatory frameworks to crystallize before innovating is counterintuitive.”\nSynthetic Assets\nFor Kwon and other proponents of these new synthetic assets, avoiding the various rules and barriers of the financial world is a feature, not a bug. It opens up opportunities for wealth creation currently only available to a fortunate few, he said. Users can trade the tokens anonymously 24 hours a day, seven days a week, from anywhere, unhindered by capital controls,“know your client”rules imposed on broker-dealers, and other frictions of the traditional financial system.\nKwon said Terraform Labs doesn’t generate any revenue from fees charged on the Mirror Protocol. Those go to users as an incentive to provide liquidity. Rather, the firm profits via a cryptocurrency it created that tends to increase in value as projects like Mirror grow in popularity.\nThe interface on Terraswap to buy Mirrored Tesla\nSo how exactly do these synthetic equities work? Well, it’s complicated.\nBut to oversimplify, under the Mirror Protocol, the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage price discrepancies and manage the actual supply of tokens. Users can create, or “mint,” new tokens when prices are too high by posting collateral, and destroy, or “burn,” tokens when prices are too low,driving the priceup or down.\nThrough these incentives, the “synths closely track the price of the real-world asset,” Kwon said. “But they’re still only tokens on a blockchain providing explicit price exposure.”\n‘Trojan Horse’\nThe tokens trade on decentralized, automated markets like Uniswap andTerraswap, which allow users to buy and sell the assets directly on the blockchain -- a different model than centralized crypto exchanges run by the likes of Coinbase Global Inc. and Binance.\nSo far, trading volumes likely aren’t high enough to cause executives at Nasdaq or the New York Stock Exchange to lose much sleep. Mirrored Apple tokens, for example, have a market capitalization of about $34 million, according toCoinmarketcap.com. That compares with about $2.3 trillion for the real stock, and is around 1/1,000th the size of the novelty cryptocurrency Dogecoin.\nA comparison of prices between various mirrored equities and the real securities at various times over the past week shows that the difference between the two can range from a penny to several dollars. For example, in afternoon trading on June 30, the price of Mirrored Tesla on CoinMarketCap.com was almost $6 higher than the $684 level the real shares were trading for on the stock market.\nMirrored Tesla’s price from CoinMarketCap.com\nYet, the projects bear watching by traditional finance institutions, given some of the ambitions in the DeFi space. As digital-asset management firm Arrington XRP Capital put it in areportanalyzing and describing its support for Mirror, the goal of DeFi is not to simply improve a user’s experience with the banking system, but rather to dismantle it entirely. These new synthetic equities, the firm wrote, “are one of DeFi’s most obvious Trojan Horses into legacy markets.”\nA spokeswoman for the U.S. Securities and Exchange Commission and representatives for Nasdaq, the listing exchange for most of the equities being copied by synthetics, declined to comment.\n“Since these synthetic products are not regulated and not traded on a national securities exchange, I would think that the SEC would take issue with them,” said Joseph Saluzzi, the co-head of equity trading at Themis Trading who has providedtestimonyto Congress on market issues. “According to the SEC, their mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. This sounds like an investor-protection issue to me.”\nBinance, the world’s biggest cryptocurrency exchange, has alreadydrawn the attentionof Germany’s financial regulator by offering tokens that are tied to the performance of popular U.S. stocks but backed by the actual equities. Binance may have violated securities rules when it issued the tokenized shares of Tesla, MicroStrategy Inc. and Coinbase, BaFin said in April.\nRegulators could also start looking more closely at the DeFi space following some spectacular blowups in stablecoins -- digital currencies designed to closely track the value of national currencies (and which Mirror traders use as collateral to mint new tokens). Dallas Mavericks owner Mark Cuban, an enthusiastic and influential investor in DeFi,recently calledfor regulations to address the cryptocurrencies after losing money when one crashed in value to zero.\nBillionaire crypto investor Mike Novogratz, founder and chief executive of Galaxy Digital, recently tweeted that players in DeFi markets may regret it if they don’t start abiding by so-called know your client and anti-money laundering rules.\n“Invest in a compliance layer now or pay the piper later,”he wrote. “If we want this ecosystem to grow we need to recognize we need to operate within the rules society sets.”\nKwon said Terraform Labs has not yet had any conversations with regulators in the U.S. or elsewhere about mirrored equities. Nor has the company communicated with exchanges such as Nasdaq, or the firms that manage the ETFs that have been mirrored.\nBut to stop mirrored stocks and other synthetic assets from trading, you would have to shut down the underlying open-source software code that makes up the blockchain and is used by a global user base that includes many anonymous players, he added.\n“As long as there are ardent believers in the greater picture of what’s possible with the technology, shutting down crypto, DeFi, or synths is a Sisyphean task,” he said.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AAPL":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154815204,"gmtCreate":1625496902708,"gmtModify":1633940186344,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Market closed, sleep early tonight","listText":"Market closed, sleep early tonight","text":"Market closed, sleep early tonight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154815204","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://ttm.financial/m/news/1109703914?lang=&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p>\n<p>So will the major markets open or close for the holiday?</p>\n<p>The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p>\n<p>It's&nbsp;one of nine full-closing daysfor the stock market this year.</p>\n<p>For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p>\n<p>Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the...</p>\n\n<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151334272,"gmtCreate":1625063564096,"gmtModify":1633945269782,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Analyst said target price is 35","listText":"Analyst said target price is 35","text":"Analyst said target price is 35","images":[{"img":"https://static.tigerbbs.com/34f09321b75550954d3dfd9ffc67867f","width":"1080","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151334272","isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":153125408,"gmtCreate":1625014428704,"gmtModify":1633945873643,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Instant plummet","listText":"Instant plummet","text":"Instant plummet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153125408","repostId":"2147860372","repostType":4,"isVote":1,"tweetType":1,"viewCount":766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125011362,"gmtCreate":1624636390856,"gmtModify":1633950202669,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"OK grab more popcorn","listText":"OK grab more popcorn","text":"OK grab more popcorn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125011362","repostId":"1119853713","repostType":4,"repost":{"id":"1119853713","kind":"news","pubTimestamp":1624631902,"share":"https://ttm.financial/m/news/1119853713?lang=&edition=full","pubTime":"2021-06-25 22:38","market":"us","language":"en","title":"Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing","url":"https://stock-news.laohu8.com/highlight/detail?id=1119853713","media":"The Street","summary":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscrib","content":"<blockquote>\n Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n</blockquote>\n<p>Shares of Netflix&nbsp;(<b>NFLX</b>) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.</p>\n<p>The investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.</p>\n<p><b>Jon Markman on Real Money Picks Stocks for the Digital Future</b></p>\n<p>Analysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.</p>\n<p>The firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.</p>\n<p>Second-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.</p>\n<p>Shares of Netflix at last check were 1.7% higher $527.14.</p>\n<p><img src=\"https://static.tigerbbs.com/abf3270957252db3a40ff3b8f395e66d\" tg-width=\"712\" tg-height=\"530\"></p>\n<p>Earlier this month, Netflix and&nbsp;Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership.&nbsp;In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.</p>\n<p>Spielberg, the Oscar-winning director of \"Schindler's&nbsp;List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's&nbsp;(<b>CMCSA</b>) -Get ReportUniversal Pictures as part of a separate deal.</p>\n<p>Earlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Netflix Rises as Credit Suisse Sees Subscriber Growth Normalizing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetflix Rises as Credit Suisse Sees Subscriber Growth Normalizing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 22:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming ...</p>\n\n<a href=\"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.thestreet.com/investing/netflix-climbs-on-credit-suisse-upgrade-to-outperform","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119853713","content_text":"Netflix was upgraded to outperform with a $586 price target at Credit Suisse, which expects subscriber growth to normalize.\n\nShares of Netflix (NFLX) were higher on Friday after the video-streaming service was upgraded to outperform from neutral by analysts at Credit Suisse.\nThe investment firm's analysts say they expect subscriber growth to normalize in the fourth quarter. A survey by the firm among U.S. customers reinforced the platform's competitive position and high user satisfaction, CS said.\nJon Markman on Real Money Picks Stocks for the Digital Future\nAnalysts maintained their $586 price target while saying the stock is at a favorable entry point and attractive absolute valuation.\nThe firm sees a strong August to December pipeline on releases with \"numerous potential top-of-funnel titles,\" according to analyst Douglas Mitchelson. He also expects a stronger full-year slate in 2022 vs 2021.\nSecond-quarter results and third-quarter guidance are still uncertain and any disappointment could be a \"clearing event\" ahead of a rebound in the fourth quarter, according to Mitchelson.\nShares of Netflix at last check were 1.7% higher $527.14.\n\nEarlier this month, Netflix and Amblin Partners, the film and television studio led by Steven Spielberg, raised the curtain ona partnership. In the deal, the Hollywood director's company will produce multiple films a year for the Los Gatos, Calif., streaming giant.\nSpielberg, the Oscar-winning director of \"Schindler's List,\" \"Jurassic Park\" and \"Saving Private Ryan,\" will continue to direct movies for Comcast's (CMCSA) -Get ReportUniversal Pictures as part of a separate deal.\nEarlier this month, Netflix launched Netflix.shop, whichwill sell curatedproducts including apparel, toys and games.","news_type":1,"symbols_score_info":{"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126961918,"gmtCreate":1624542385834,"gmtModify":1634004654839,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"Let's go!!&nbsp;","listText":"Let's go!!&nbsp;","text":"Let's go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126961918","repostId":"1155360226","repostType":4,"isVote":1,"tweetType":1,"viewCount":793,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121283973,"gmtCreate":1624465433492,"gmtModify":1631884132012,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573590765333740","idStr":"3573590765333740"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>&nbsp;breaking 390 again","listText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>&nbsp;breaking 390 again","text":"$Vanguard S&P 500 ETF(VOO)$ breaking 390 again","images":[{"img":"https://static.tigerbbs.com/428bcddd7900d30c0189333a248e5f55","width":"1080","height":"2894"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/121283973","isVote":1,"tweetType":1,"viewCount":773,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":160074491,"gmtCreate":1623767949213,"gmtModify":1634028594088,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Yes, cargo market will be in demand before leisure travel can resume","listText":"Yes, cargo market will be in demand before leisure travel can resume","text":"Yes, cargo market will be in demand before leisure travel can resume","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/160074491","repostId":"1187102856","repostType":4,"repost":{"id":"1187102856","kind":"news","pubTimestamp":1623767520,"share":"https://ttm.financial/m/news/1187102856?lang=&edition=full","pubTime":"2021-06-15 22:32","market":"uk","language":"en","title":"Airbus hints at a freighter version of its A350 to tap into hot cargo market","url":"https://stock-news.laohu8.com/highlight/detail?id=1187102856","media":"cnbc","summary":"KEY POINTS\n\nThe European manufacturer says it is considering a wide-body freighter.\nChief Commercial","content":"<div>\n<p>KEY POINTS\n\nThe European manufacturer says it is considering a wide-body freighter.\nChief Commercial Officer Christian Scherer said Airbus \"underserves\" the freighter market.\nBoeing aircraft dominates...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/airbus-hints-at-freighter-version-of-a350-to-tap-into-hot-cargo-market.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airbus hints at a freighter version of its A350 to tap into hot cargo market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirbus hints at a freighter version of its A350 to tap into hot cargo market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/15/airbus-hints-at-freighter-version-of-a350-to-tap-into-hot-cargo-market.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nThe European manufacturer says it is considering a wide-body freighter.\nChief Commercial Officer Christian Scherer said Airbus \"underserves\" the freighter market.\nBoeing aircraft dominates...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/15/airbus-hints-at-freighter-version-of-a350-to-tap-into-hot-cargo-market.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"0KVV.UK":"空中客车集团"},"source_url":"https://www.cnbc.com/2021/06/15/airbus-hints-at-freighter-version-of-a350-to-tap-into-hot-cargo-market.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1187102856","content_text":"KEY POINTS\n\nThe European manufacturer says it is considering a wide-body freighter.\nChief Commercial Officer Christian Scherer said Airbus \"underserves\" the freighter market.\nBoeing aircraft dominates the air-cargo industry.\n\nAirbus is weighing the development of a freighter version of its wide-body A350 aircraft, the European manufacturer's chief commercial officer said Tuesday, a move that could take on rivalBoeingin the air cargo market.\nThe air freight market has been a bright spot during the Covid pandemic. Rates surged after the virus and travel restrictions devastated passenger travel, taking airplane belly space out of the market, creating a supply crunch. Snarls at ports have also boosted demand for air cargo.\n“That has somewhat exacerbated the fact that the freighter market is underserved by Airbus today,” Chief Commercial Officer Christian Scherer said on a webcast briefing. “Many of our customers have told us, ‘You have been a formidable force in this industry. ... Please do so on the freighter market as well.’ That’s an important message to take into account.”\nScherer declined to provide details on when the company would make a decision but said “we have some wind in our sails toward seeing the emergency of an A350 freighter.”\nAir cargo demand in April, the latest available data, rose 12% compared with April 2019, before the pandemic, and topped a 2018 peak, according to the International Air Transport Association.\nAirbus rival Boeing produces several freighter aircraft, such as the 747 and 767, for customersUPS,FedExandAtlas Air WorldwideHoldings, contractor forAmazon’s air arm, as well as airlines that have both passenger and air cargo businesses.\nThe pandemic has also fueled a surge in demand for the conversion of retired passenger aircraft into freighters.","news_type":1,"symbols_score_info":{"0KVV.UK":0.9}},"isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106410359,"gmtCreate":1620138572471,"gmtModify":1634207526114,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Buy Microsoft today?&nbsp;","listText":"Buy Microsoft today?&nbsp;","text":"Buy Microsoft today?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/106410359","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://ttm.financial/m/news/1141446343?lang=&edition=full","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","MSFT":"微软","CAT":"卡特彼勒","UPS":"联合包裹","CVAC":"CureVac B.V.","BRK.B":"伯克希尔B","FDX":"联邦快递","CCI":"冠城","AMRS":"阿米瑞斯","KOF":"可口可乐凡萨瓶装","WCLD":"WisdomTree Cloud Computing Fund","WMT":"沃尔玛","CNI":"加拿大国家铁路","VIR":"Vir Biotechnology, Inc.","SDGR":"Schrodinger Inc.","WM":"美国废物管理"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1,"symbols_score_info":{"AMRS":0.9,"BCEL":0.9,"BNTX":0.9,"BRK.B":0.9,"CAT":0.9,"CCI":0.9,"CNI":0.9,"CVAC":0.9,"FDX":0.9,"KOF":0.9,"MSFT":0.9,"SDGR":0.9,"UPS":0.9,"VIR":0.9,"WCLD":0.9,"WM":0.9,"WMT":0.9}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188724189,"gmtCreate":1623462902841,"gmtModify":1634032874591,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Possibly a contract manufacturer? Great news on increased supply&nbsp;","listText":"Possibly a contract manufacturer? Great news on increased supply&nbsp;","text":"Possibly a contract manufacturer? Great news on increased supply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/188724189","repostId":"2142204934","repostType":2,"repost":{"id":"2142204934","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"T-Reuters","id":"1086160438","head_image":"https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5"},"pubTimestamp":1623435307,"share":"https://ttm.financial/m/news/2142204934?lang=&edition=full","pubTime":"2021-06-12 02:15","market":"us","language":"en","title":"J&J Provides Statement On Supply Of Single-Shot COVID-19 Vaccine","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204934","media":"T-Reuters","summary":"Johnson & Johnson :Johnson & Johnson Statement On Supply Of Its Single-Shot Covid-19 Vaccine.J&J - C","content":"<html><body><p>Johnson &amp; Johnson <jnj.n>:Johnson &amp; Johnson Statement On Supply Of Its Single-Shot Covid-19 Vaccine.J&amp;J - Confirms Fda Authorized 2 Batches Of Drug Substance, Manufactured At <a href=\"https://laohu8.com/S/EBS\">Emergent Biosolutions</a> Inc Bayview Facility, Under Eua For Single-Shot Covid-19 Vaccine.Further Company Coverage: Jnj.N. ((Reuters.Briefs@Thomsonreuters.Com;)).</jnj.n></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>J&J Provides Statement On Supply Of Single-Shot COVID-19 Vaccine</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJ&J Provides Statement On Supply Of Single-Shot COVID-19 Vaccine\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086160438\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a113a995fbbc262262d15a5ce37e7bc5);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">T-Reuters </p>\n<p class=\"h-time\">2021-06-12 02:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Johnson &amp; Johnson <jnj.n>:Johnson &amp; Johnson Statement On Supply Of Its Single-Shot Covid-19 Vaccine.J&amp;J - Confirms Fda Authorized 2 Batches Of Drug Substance, Manufactured At <a href=\"https://laohu8.com/S/EBS\">Emergent Biosolutions</a> Inc Bayview Facility, Under Eua For Single-Shot Covid-19 Vaccine.Further Company Coverage: Jnj.N. ((Reuters.Briefs@Thomsonreuters.Com;)).</jnj.n></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生"},"source_url":"https://www.trkd.thomsonreuters.com","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204934","content_text":"Johnson & Johnson :Johnson & Johnson Statement On Supply Of Its Single-Shot Covid-19 Vaccine.J&J - Confirms Fda Authorized 2 Batches Of Drug Substance, Manufactured At Emergent Biosolutions Inc Bayview Facility, Under Eua For Single-Shot Covid-19 Vaccine.Further Company Coverage: Jnj.N. ((Reuters.Briefs@Thomsonreuters.Com;)).","news_type":1,"symbols_score_info":{"JNJ":0.9}},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188824046,"gmtCreate":1623428834885,"gmtModify":1634033260682,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"We are all Guinea pigs in worldwide clinical trial of Covid&nbsp;vaccine","listText":"We are all Guinea pigs in worldwide clinical trial of Covid&nbsp;vaccine","text":"We are all Guinea pigs in worldwide clinical trial of Covid vaccine","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/188824046","repostId":"2142206311","repostType":4,"repost":{"id":"2142206311","kind":"news","pubTimestamp":1623426552,"share":"https://ttm.financial/m/news/2142206311?lang=&edition=full","pubTime":"2021-06-11 23:49","market":"us","language":"en","title":"COVID-19 Jabs of Pfizer & Moderna May Lead to Inflamed Heart","url":"https://stock-news.laohu8.com/highlight/detail?id=2142206311","media":"Zacks","summary":"The COVID-19 vaccine task force of the U.S. Centers for Disease Control and Prevention  stated that it has observed increased cases of heart inflammation in adolescents and younger adults, especially aged 12 to 24, following inoculation with authorized mRNA-based COVID-19 vaccines from Moderna MRNA, and Pfizer PFE/BioNTech BNTX.Several hundreds of cases of myocarditis and pericarditis, both conditions of heart inflammation, were reported to the U.S. government’s VAERS  following dose 1 of any mR","content":"<p>The COVID-19 vaccine task force of the U.S. Centers for Disease Control and Prevention (CDC) stated that it has observed increased cases of heart inflammation in adolescents and younger adults, especially aged 12 to 24, following inoculation with authorized mRNA-based COVID-19 vaccines from <b>Moderna</b> MRNA, and <b>Pfizer</b> PFE/<b>BioNTech</b> BNTX.</p><p>Several hundreds of cases of myocarditis and pericarditis, both conditions of heart inflammation, were reported to the U.S. government’s VAERS (Vaccine Adverse Event Reporting System) following dose 1 of any mRNA-based vaccine in the last two months. Please note that VAERS is a national early warning system to detect possible safety problems in U.S. licensed vaccines. The number of cases increased further after the second dose of these vaccines. Moreover, the cases occurred in higher number of younger patients following dose 2 compared to dose 1. The CDC stated that similar inflammation cases were not reported following vaccination with <b>J&amp;J</b>’s JNJ adenovirus-based COVID-19 vaccine.</p><h3>Israeli Alarm</h3><p>Per a Reuters report, the Israel’s Health Ministry raised the alarm when it reported a likely link of heart inflammation in young men vaccinated with Pfizer’s BNT162b earlier this month. Following this report, the CDC and health regulators in other countries started investigating such cases.</p><p>Although the number of reported cases is small compared to total inoculations with mRNA vaccines, they were higher than expected in the younger age groups.</p><h3>CDC Meeting</h3><p>We note that the CDC is yet to link these adverse events to mRNA vaccines and has scheduled a meeting of the Advisory Committee on Immunization Practices (ACIP) on Jun 18 to discuss and assess the heart inflammation reports. Moreover, the government authority has recommended continuation of vaccination for everyone of age 12 or older given the risk of COVID-19 illness and related complications.</p><p>However, we note that the CDC report also stated that more than 50% of heart inflammation cases were reported in the age group of 12-24 that has received only 8.8% of vaccine doses. This suggests that any adverse outcome from the ACIP meeting scheduled next week can hamper vaccination with mRNA vaccines in the adolescent patient group, and hurt prospects of these vaccine developers. However, the percentage of inflammation cases suggests that the risk from these vaccines is significantly lower than their benefits. A CDC study claims that these vaccines are 91% effective. Moreover, most patients facing inflammation issues quickly felt better following medication and rest.</p><h3>mRNA Vaccine Updates</h3><p>We remind investors that Pfizer/BioNTech’s COVID-19 vaccine received authorization for emergency use in adolescents last month from the FDA. Moderna filed for a similar authorization in the United States, Europe and Canada earlier this month.</p><p>Meanwhile, Pfizer and BioNTech have pledged two billion doses of their COVID-19 vaccines to ensure equitable access to their vaccines globally. As part of the pledge, the company plans to supply 200 million doses in 2021 and 300 million doses in the first half of 2022 to the U.S. government at not-for-profit price. The government will donate these doses to low- and lower middle-income countries and organizations that support them.</p><p>While Moderna and Pfizer carry a Zacks Rank #3 (Hold), BioNTech sports a Zacks Rank of 1 (Strong Buy). </p><p>Pfizer,&nbsp;Moderna&nbsp;fell&nbsp;over&nbsp;1%&nbsp;in&nbsp;morning&nbsp;trading.</p><p><img src=\"https://static.tigerbbs.com/4abafe1ebf6b0259e6f305a5483d4a2a\" tg-width=\"700\" tg-height=\"584\"><img src=\"https://static.tigerbbs.com/16bd6a310a9f80f7ecaf40c96b582198\" tg-width=\"700\" tg-height=\"584\"></p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>COVID-19 Jabs of Pfizer & Moderna May Lead to Inflamed Heart</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCOVID-19 Jabs of Pfizer & Moderna May Lead to Inflamed Heart\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 23:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/covid-19-jabs-pfizer-moderna-124412703.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The COVID-19 vaccine task force of the U.S. Centers for Disease Control and Prevention (CDC) stated that it has observed increased cases of heart inflammation in adolescents and younger adults, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/covid-19-jabs-pfizer-moderna-124412703.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/i.kaShYr9WLQwJ3VXlE4CA--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/aNEP4MqN0KfFI8mDHT.6JQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0bba00e006cf8b1987f4ca39d28c5938","relate_stocks":{"BNTX":"BioNTech SE","MRNA":"Moderna, Inc.","PFE":"辉瑞"},"source_url":"https://finance.yahoo.com/news/covid-19-jabs-pfizer-moderna-124412703.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2142206311","content_text":"The COVID-19 vaccine task force of the U.S. Centers for Disease Control and Prevention (CDC) stated that it has observed increased cases of heart inflammation in adolescents and younger adults, especially aged 12 to 24, following inoculation with authorized mRNA-based COVID-19 vaccines from Moderna MRNA, and Pfizer PFE/BioNTech BNTX.Several hundreds of cases of myocarditis and pericarditis, both conditions of heart inflammation, were reported to the U.S. government’s VAERS (Vaccine Adverse Event Reporting System) following dose 1 of any mRNA-based vaccine in the last two months. Please note that VAERS is a national early warning system to detect possible safety problems in U.S. licensed vaccines. The number of cases increased further after the second dose of these vaccines. Moreover, the cases occurred in higher number of younger patients following dose 2 compared to dose 1. The CDC stated that similar inflammation cases were not reported following vaccination with J&J’s JNJ adenovirus-based COVID-19 vaccine.Israeli AlarmPer a Reuters report, the Israel’s Health Ministry raised the alarm when it reported a likely link of heart inflammation in young men vaccinated with Pfizer’s BNT162b earlier this month. Following this report, the CDC and health regulators in other countries started investigating such cases.Although the number of reported cases is small compared to total inoculations with mRNA vaccines, they were higher than expected in the younger age groups.CDC MeetingWe note that the CDC is yet to link these adverse events to mRNA vaccines and has scheduled a meeting of the Advisory Committee on Immunization Practices (ACIP) on Jun 18 to discuss and assess the heart inflammation reports. Moreover, the government authority has recommended continuation of vaccination for everyone of age 12 or older given the risk of COVID-19 illness and related complications.However, we note that the CDC report also stated that more than 50% of heart inflammation cases were reported in the age group of 12-24 that has received only 8.8% of vaccine doses. This suggests that any adverse outcome from the ACIP meeting scheduled next week can hamper vaccination with mRNA vaccines in the adolescent patient group, and hurt prospects of these vaccine developers. However, the percentage of inflammation cases suggests that the risk from these vaccines is significantly lower than their benefits. A CDC study claims that these vaccines are 91% effective. Moreover, most patients facing inflammation issues quickly felt better following medication and rest.mRNA Vaccine UpdatesWe remind investors that Pfizer/BioNTech’s COVID-19 vaccine received authorization for emergency use in adolescents last month from the FDA. Moderna filed for a similar authorization in the United States, Europe and Canada earlier this month.Meanwhile, Pfizer and BioNTech have pledged two billion doses of their COVID-19 vaccines to ensure equitable access to their vaccines globally. As part of the pledge, the company plans to supply 200 million doses in 2021 and 300 million doses in the first half of 2022 to the U.S. government at not-for-profit price. The government will donate these doses to low- and lower middle-income countries and organizations that support them.While Moderna and Pfizer carry a Zacks Rank #3 (Hold), BioNTech sports a Zacks Rank of 1 (Strong Buy). Pfizer, Moderna fell over 1% in morning trading.","news_type":1,"symbols_score_info":{"BNTX":0.9,"MRNA":0.9,"PFE":0.9}},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138584177,"gmtCreate":1621949968799,"gmtModify":1634185232395,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Bear market cancelled?&nbsp;","listText":"Bear market cancelled?&nbsp;","text":"Bear market 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SPACs?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/350611067","repostId":"1126157111","repostType":4,"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894748884,"gmtCreate":1628860266948,"gmtModify":1631886289442,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"When will Visa follow suit?&nbsp;","listText":"When will Visa follow suit?&nbsp;","text":"When will Visa follow suit?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894748884","repostId":"2159922112","repostType":4,"isVote":1,"tweetType":1,"viewCount":1464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117801478,"gmtCreate":1623127071594,"gmtModify":1634036650541,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"[害羞]&nbsp;FANGMAN the new catchphrase&nbsp;","listText":"[害羞]&nbsp;FANGMAN the new catchphrase&nbsp;","text":"[害羞] FANGMAN the new catchphrase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/117801478","repostId":"1132295574","repostType":4,"isVote":1,"tweetType":1,"viewCount":822,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":374730362,"gmtCreate":1619480600156,"gmtModify":1634273162421,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Great news for $TSLA","listText":"Great news for $TSLA","text":"Great news for $TSLA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/374730362","repostId":"1190086074","repostType":2,"repost":{"id":"1190086074","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619480390,"share":"https://ttm.financial/m/news/1190086074?lang=&edition=full","pubTime":"2021-04-27 07:39","market":"us","language":"en","title":"Tesla posts record net income of $438 million, revenue surges by 74%","url":"https://stock-news.laohu8.com/highlight/detail?id=1190086074","media":"Tiger Newspress","summary":"Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv","content":"<p><b>KEY POINTS</b></p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul><p>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul><p>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla posts record net income of $438 million, revenue surges by 74%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla posts record net income of $438 million, revenue surges by 74%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-27 07:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>KEY POINTS</b></p><ul><li>Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.</li><li>In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”</li><li>On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.</li></ul><p>Tesla&nbsp;reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.</p><p><img src=\"https://static.tigerbbs.com/fec5c52f391c1077b749edc13b7b3417\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:</p><ul><li><b>Earnings:</b>93 cents per share vs. 79 cents per share expected</li><li><b>Revenue:</b>$10.39 billion vs. $10.29 billion expected, up 74% from a year ago</li></ul><p>Net profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from&nbsp;sales of bitcoin&nbsp;during the quarter.</p><p><img src=\"https://static.tigerbbs.com/107ab1e725bed375ea106bdf3024ec6a\" tg-width=\"1910\" tg-height=\"1097\" referrerpolicy=\"no-referrer\"></p><p>CEO Elon Musk’s electric vehicle business reported in the first quarter&nbsp;vehicle deliveries of 184,800&nbsp;Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.</p><p>On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.</p><p>In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.</p><p>Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.</p><p>The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.</p><p>The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.</p><p>Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.</p><p>It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.</p><p>Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.</p><p>Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some&nbsp;vexed customers.</p><p>Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.</p><p>Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.</p><p>Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.</p><p>The company revealed in February it purchased&nbsp;$1.5 billion in bitcoin&nbsp;and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190086074","content_text":"KEY POINTSTesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be delivered starting in May 2021, and Model X deliveries will begin in the third quarter of the year.Tesla reported first-quarter results after the bell on Monday. The company beat expectations handily, buoyed by sales of bitcoin and regulatory credits, but the stock dipped as much as 2.5% after hours as investors digested the numbers.Here’s how the company fared in the quarter, compared with analyst estimates compiled by Refinitiv:Earnings:93 cents per share vs. 79 cents per share expectedRevenue:$10.39 billion vs. $10.29 billion expected, up 74% from a year agoNet profit reached a quarterly record of $438 million on a GAAP basis, and the company recorded $518 million in revenue from sales of regulatory credits during the period. It also recorded a $101 million positive impact from sales of bitcoin during the quarter.CEO Elon Musk’s electric vehicle business reported in the first quarter vehicle deliveries of 184,800 Model 3 and Model Y cars, beating expectations and setting a record for Tesla. However, the company also said it produced none of its higher-end Model S sedans or Model X SUVs for the period ending March. It delivered2,020 older Model S sedans and Model X SUVs from inventory.On Monday’s earnings call, Musk said the new version of the company’s Model S sedans will finally be delivered to customers starting in May 2021, with Model X deliveries to begin in the third quarter of the year. Musk and CFO Zachary Kirkhorn both said supply chain issues are likely to remain a challenge for Tesla this year.In January 2021 (during a fourth-quarter 2020 earnings update) Musk had said that the Model S Plaid was already in production would be delivered starting in February 2021. But he admitted on Monday, “There were more challenges than expected,” in producing the refreshed version of these vehicles. He did not elaborate.Tesla is now aiming to produce 2,000 Model S and X vehicles per week later this year.The company said Monday it expects more than 50% vehicle delivery growth in 2021 overall, which implies minimum deliveries around 750,000 vehicles this year.The fact Tesla grew vehicle unit sales by more than 100% year over year but grew service centers by only 28% and its mobile service fleet by only 22% explains why some Tesla customers face frustratingly long wait times for repairs. Service expansion is not keeping pace with the volume of vehicles sold.Tesla said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.” It did not disclose the names of its new suppliers.It also reiterated Musk’s frequent claim that cameras, not radar, are a better path toward autonomous vehicles. “Our AI-based software architecture has been increasingly reliant on cameras, to the point where radar is becoming unnecessary earlier than expected. As a result, our FSD [Full Self-Driving] team is fully focused on evolving to a vision-based autonomous system and we are nearly ready to switch the US market to Tesla Vision,” the company said in its earnings release.Revenue for its energy generation and storage business nearly doubled for Tesla versus the same period in 2020, when Musk said Covid, then an emerging pandemic, had slowed its energy business to a crawl. But energy revenue declined from $787 million in the fourth quarter to $595 million in the first quarter of 2021.Recently, Tesla increased prices for its solar rooftops by 50%, and now requires anyone ordering solar photovoltaics (including Tesla solar roof tiles) to also order the Powerwall, Tesla’s home energy storage system. The sudden price change applied retroactively to some vexed customers.Musk said on the Q1 2021 call that he is aiming for homes with solar rooftops and batteries from Tesla to function as a “giant distributed utility” that can help incumbent electrical utilities supply customers with all the electricity they need as demand and extreme weather events increase.Executives did not say how they would change their production or mix of battery cells from suppliers in order to make a higher volume of vehicles and energy storage products in 2021.Musk said the company’s 4680 cells, which it developed independently and makes at a pilot plant in Fremont, California, are not yet reliable enough to be shipped in Tesla vehicles. He said Tesla would probably “achieve volume production” of these cells in 12 to 18 months.The company revealed in February it purchased $1.5 billion in bitcoin and would potentially invest in other cryptocurrencies in the future. By April, bitcoin rose to record levels before pulling back. In its statement of cash flows, Tesla revealed that it had sold $272 million worth of “digital assets,” presumably bitcoin, during the quarter.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894755976,"gmtCreate":1628859826595,"gmtModify":1631891640326,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894755976","repostId":"1147123577","repostType":4,"repost":{"id":"1147123577","kind":"news","pubTimestamp":1628859135,"share":"https://ttm.financial/m/news/1147123577?lang=&edition=full","pubTime":"2021-08-13 20:52","market":"us","language":"en","title":"Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1147123577","media":"Bloomberg","summary":"Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redou","content":"<p>Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known&nbsp;financial empire.</p>\n<p>Inside the members-only T-Club, two cockatoos, Grisha and Silvia, keep watch. Above a bronze samovar, a flat screen television shows the proprietor’s corporate crest: a green “F” on a green shield.</p>\n<p>Few can explain exactly what’s going on here — how an obscure brokerage in Kazakhstan, of all places, has outrun Wall Street firms.</p>\n<p>But outrun them it has, and then some, at least in the stock market. Over the past couple of years, the share price ofFreedom Holding Corp.– the company whose “F” logo is on that green crest — has soared about 500%.</p>\n<p>How? The young billionaire with the answers, Timur Turlov, is sitting at the table over there. Wearing a tailored blue suit and sipping a Red Bull, Turlov, 33, sketches out a grand vision for the broker.</p>\n<p>“We remain one of the few floodgates to the Western market for customers from our region,” Turlov says in his native Russian, while detailing the unique arrangement he says has helped secure Freedom access to newly listed U.S. stocks.</p>\n<p>There’s a mysterious&nbsp;hedge fund with deep connections across Wall Street; a trading conduit through Belize that Turlov personally controls; an obscure New York brokerage with a troubled past.</p>\n<p>According to Turlov, founder of Freedom, this setup has&nbsp;secured access to hot new stocks in America, a pitch that helped make his company’s name.&nbsp;Freedom, he says, is giving Russians, Kazakhs, Uzbeks and Ukrainians a piece of the Wall Street action.</p>\n<p>One more twist: the more shares in Freedom&nbsp;his clients buy, the more of those hot U.S. stocks they will get, Bloomberg has previously reported.</p>\n<p>According to Freedom marketing materials, clients have gotten in on more than 100 U.S. IPOs since 2020, including Airbnb Inc., Bumble Inc. and South Korean e-commerce giantCoupang Inc.Such access is virtually impossible for small brokers and wealth managers who are actually based in the U.S. to secure.</p>\n<p>Turlov says his firm’s way in is an affiliate of a hedge fund that buys the shares from underwriters and passes them along. Its identity&nbsp;is confidential, he says, and no mention of it appears in U.S. filings. Even inside Freedom, the name is closely guarded, according to current and former employees.</p>\n<p>The arrangement is unusual, to say the least. Reena Aggarwal, director of Georgetown University’s Center for Financial Markets &amp; Policy, says she’s never seen anything like it.</p>\n<p>Freedom is doing it all under the gaze of U.S. authorities. The group&nbsp;is based in Almaty but its listed entity is registered in Las Vegas. Its stock is traded on the Nasdaq, where the company is currently worth about $4 billion.</p>\n<p>Inside the T-Club, Turlov’s smartphone keeps buzzing. Tall and boyish-looking, in a purple&nbsp;tie, Turlov turns serious as he outlines Freedom’s ambitions. In January, it acquired New York-based broker Prime Executions Inc., and Turlov says he’s looking to expand further. In June, Standard &amp; Poor’s said it expected Freedom’s “robust earnings” to continue at least into 2022.</p>\n<p>Kazakhstan Economy</p>\n<p>To the uninitiated, Kazakhstan may be best known for “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” the 2006 Sacha Baron Cohen comedy that so infuriated the Kazakh government.</p>\n<p>But this Central Asian nation of 19 million is one of the most prosperous former Soviet republics. Its mineral and oil wealth has added to the region’s&nbsp;affluent elite, many of whom are eager to play the markets. Sensing opportunity, Turlov founded Freedom in 2008.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ff198d3f20f497b8c655ea2786bcfe3\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><span>The skyline of Nur-Sultan, Kazakhstan.Photographer: Taylor Wiedman/Bloomberg</span></p>\n<p>Today his firm has around 100 branches and offices, from the Kazakh capital Nur-Sultan, to the Russian resort city of Sochi, to Kyiv in Ukraine. Freedom is headquartered in the tallest building in Almaty, a glass-and-steel skyscraper next to a shopping mall with luxury boutiques like Louis Vuitton, Gucci and Prada.</p>\n<p>A Moscow native and citizen of Russia -- and also St. Kitts and Nevis in the Caribbean&nbsp;— Turlov controls almost&nbsp;three quarters of Freedom. As the company’s stock price has soared, he’s become a billionaire several times over.</p>\n<p>Minting Money</p>\n<p>The IPO business may attract the most attention, but Turlov says it is an increasingly marginal part of the business. He says Freedom doesn’t receive significant allocations&nbsp;and&nbsp;today the business makes up only about 10% of Freedom’s revenue.</p>\n<p>Freedom Holding has been minting money nonetheless, with&nbsp;customers gravitating&nbsp;to trading stocks and fixed income investments. Its pre-tax profit jumped more than six-fold to $173 million in the fiscal year ended March 31. During the same&nbsp;period, the number of its customer accounts doubled, to 290,000 — a huge figure for the region, albeit a pittance next to the 22.5 million at newly public Robinhood Markets Inc.</p>\n<p>Turlov’s own profile has also soared. In 2018, he backed “Financier,” a glossy financial drama (think an Almaty-based “Margin Call”). One of the brokerages in the film, Partner Finance, sports a logo similar to Freedom’s.</p>\n<p>His larger-than-life image continues to draw clients — as does hoped-for access to myriad U.S. listings. A section of Freedom’swebsitelays out the pitch. “Buy stocks at their initial price before trading begins,” it runs. “Prices can grow by tens or even hundreds of percent!”</p>\n<p>This ability to access IPOs “is Freedom’s specialty, their absolute advantage,” said Daniyar Temirbayev, who heads the Qazaq Association of Minority Shareholders, a lobbying group for investors in the country’s burgeoning stock market.</p>\n<p>Four Freedom customers interviewed by Bloomberg, who all asked not to be identified, confirmed they received allocations to U.S. IPOs -- and that they bought Freedom shares to increase their allocations.</p>\n<p>Oversubscribed IPOs</p>\n<p>Exactly how Turlov does all of this remains a puzzle to outsiders. Most U.S. IPOs are oversubscribed. Everyone wants to get in early in case a stock pops on the first trading day, and Wall Street banks typically dole out stocks to favored clients first. Hedge funds and big mutual funds typically take 90%, according to Jay Ritter, a finance professor at University of Florida in Gainsville.</p>\n<p>What are the odds an obscure player like Freedom could get in early?</p>\n<p>“Zero,” Ritter says.</p>\n<p>But Turlov says this is where his workaround comes in. In the T-Club, where entry is restricted to Freedom’s employees and high-rolling clients, he reveals key parts of the Freedom system.</p>\n<p>Belize Affiliates</p>\n<p>One is a Belize-based affiliate of the aforementioned hedge fund, which Turlov says buys the stocks from major underwriters. Another is a Belize-based affiliate of Freedom that Turlov personally owns. Once the hedge fund affiliate&nbsp;gets its hands on a stock, Turlov has that Belize-registered entity, FFIN Brokerage Services Inc., buy it and eventually pass it to Freedom for a fee.</p>\n<p>Freedom customers don’t actually get their hands on the stocks for three months, an eternity in the world of IPOs. During the lock-up period, they can buy a derivative from Freedom to fix the share price where they want.</p>\n<p>The hedge fund’s affiliate collects a commission, safe in the knowledge that Freedom clients won’t be able to flip the stock quickly, Turlov says.</p>\n<p>According to Scott Moss, a partner at law firm Lowenstein Sandler LLP in New York, hedge funds rarely if ever act as someone else’s broker because of potential regulatory hassles.</p>\n<p>“As a hedge fund manager, I would have huge reputational risk,” said Carsten Kotas, professor of business administration at FOM University in Frankfurt and a former trader who previously oversaw hedge funds at HSBC Holdings Plc.</p>\n<p>The Securities and Exchange Commission and the Financial Industry Regulatory Authority declined to comment on Freedom’s business practices.</p>\n<p>Most of the IPOs that Freedom has accessed so far this year have been overseen by Goldman Sachs Group Inc.,JPMorgan Chase &amp; Co.and Morgan Stanley. Spokespeople for the firms declined to comment on whether they were aware of any relationship between their clients and Freedom.</p>\n<p>Demand from customers far outstrips supply, so Freedom has started a$625&nbsp;millionfund traded in Russia and Kazakhstan, whose holdings include some of the IPO securities — and also holds Russian sovereign debt. It was created to enable more clients to get exposure to recently listed companies, according to Turlov.</p>\n<p>Lek Securities</p>\n<p>Turlov names another cog in his operation:Lek Securities Corp., a New York-based brokerage. Lek’s U.K. entity temporarily holds the IPO shares purchased by the hedge fund, he says. Freedom’s European subsidiary routes the vast majority of its trades to Lek, regulatory filings show. The New York broker, small by comparison with Wall Street banks, is also one of the most active traders of many of the IPO stocks that Freedom says it has accessed, Bloomberg&nbsp;data show.</p>\n<p>Lek has had run ins with U.S. regulators, including 2017 allegations that the brokerage had enabled manipulative trading by a client in Ukraine that resulted in almost $30 million of illicit profits. Lek was fined about $3 million in 2019 and founder Sam Lek was permanently banned from the securities industry.</p>\n<p>More trouble emerged in 2018 when FINRA alleged that Lek Securities had allowed customers with dicey backgrounds to engage in some $100 million of penny-stock trades despite “numerous red flags” of potential fraud. Calling the firm a “recidivist violator” of rules, Finra fined it $200,000 in 2019.</p>\n<p>Samuel Lek’s son Charles, who now runs the business, declined to comment.</p>\n<p>Freedom isn’t linked to the above allegations but its own operations have drawn&nbsp;questions. The Foundation for Financial Journalism, a non-profit supporting investigative journalism, published areportlast week examining Freedom’s corporate arrangements including Lek, various related party transactions and the execution process for the trades of its customers.</p>\n<p>Turlov says skepticism about Freedom is inevitable. People envy his success.</p>\n<p>“Almost any situation can become the basis for criticism,” he says.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMystery Hedge Fund Bolsters 500% Return on Curious Nasdaq Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 20:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known financial empire.\nInside the members-only T-Club, two cockatoos, Grisha and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FRHC":"Euronext CAC Health Care"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-13/how-a-mystery-hedge-fund-is-driving-a-500-return-on-a-curious-nasdaq-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147123577","content_text":"Six thousand miles from Wall Street, in the ancient Silk Road city of Almaty, lies the private redoubt of a little-known financial empire.\nInside the members-only T-Club, two cockatoos, Grisha and Silvia, keep watch. Above a bronze samovar, a flat screen television shows the proprietor’s corporate crest: a green “F” on a green shield.\nFew can explain exactly what’s going on here — how an obscure brokerage in Kazakhstan, of all places, has outrun Wall Street firms.\nBut outrun them it has, and then some, at least in the stock market. Over the past couple of years, the share price ofFreedom Holding Corp.– the company whose “F” logo is on that green crest — has soared about 500%.\nHow? The young billionaire with the answers, Timur Turlov, is sitting at the table over there. Wearing a tailored blue suit and sipping a Red Bull, Turlov, 33, sketches out a grand vision for the broker.\n“We remain one of the few floodgates to the Western market for customers from our region,” Turlov says in his native Russian, while detailing the unique arrangement he says has helped secure Freedom access to newly listed U.S. stocks.\nThere’s a mysterious hedge fund with deep connections across Wall Street; a trading conduit through Belize that Turlov personally controls; an obscure New York brokerage with a troubled past.\nAccording to Turlov, founder of Freedom, this setup has secured access to hot new stocks in America, a pitch that helped make his company’s name. Freedom, he says, is giving Russians, Kazakhs, Uzbeks and Ukrainians a piece of the Wall Street action.\nOne more twist: the more shares in Freedom his clients buy, the more of those hot U.S. stocks they will get, Bloomberg has previously reported.\nAccording to Freedom marketing materials, clients have gotten in on more than 100 U.S. IPOs since 2020, including Airbnb Inc., Bumble Inc. and South Korean e-commerce giantCoupang Inc.Such access is virtually impossible for small brokers and wealth managers who are actually based in the U.S. to secure.\nTurlov says his firm’s way in is an affiliate of a hedge fund that buys the shares from underwriters and passes them along. Its identity is confidential, he says, and no mention of it appears in U.S. filings. Even inside Freedom, the name is closely guarded, according to current and former employees.\nThe arrangement is unusual, to say the least. Reena Aggarwal, director of Georgetown University’s Center for Financial Markets & Policy, says she’s never seen anything like it.\nFreedom is doing it all under the gaze of U.S. authorities. The group is based in Almaty but its listed entity is registered in Las Vegas. Its stock is traded on the Nasdaq, where the company is currently worth about $4 billion.\nInside the T-Club, Turlov’s smartphone keeps buzzing. Tall and boyish-looking, in a purple tie, Turlov turns serious as he outlines Freedom’s ambitions. In January, it acquired New York-based broker Prime Executions Inc., and Turlov says he’s looking to expand further. In June, Standard & Poor’s said it expected Freedom’s “robust earnings” to continue at least into 2022.\nKazakhstan Economy\nTo the uninitiated, Kazakhstan may be best known for “Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan,” the 2006 Sacha Baron Cohen comedy that so infuriated the Kazakh government.\nBut this Central Asian nation of 19 million is one of the most prosperous former Soviet republics. Its mineral and oil wealth has added to the region’s affluent elite, many of whom are eager to play the markets. Sensing opportunity, Turlov founded Freedom in 2008.\nThe skyline of Nur-Sultan, Kazakhstan.Photographer: Taylor Wiedman/Bloomberg\nToday his firm has around 100 branches and offices, from the Kazakh capital Nur-Sultan, to the Russian resort city of Sochi, to Kyiv in Ukraine. Freedom is headquartered in the tallest building in Almaty, a glass-and-steel skyscraper next to a shopping mall with luxury boutiques like Louis Vuitton, Gucci and Prada.\nA Moscow native and citizen of Russia -- and also St. Kitts and Nevis in the Caribbean — Turlov controls almost three quarters of Freedom. As the company’s stock price has soared, he’s become a billionaire several times over.\nMinting Money\nThe IPO business may attract the most attention, but Turlov says it is an increasingly marginal part of the business. He says Freedom doesn’t receive significant allocations and today the business makes up only about 10% of Freedom’s revenue.\nFreedom Holding has been minting money nonetheless, with customers gravitating to trading stocks and fixed income investments. Its pre-tax profit jumped more than six-fold to $173 million in the fiscal year ended March 31. During the same period, the number of its customer accounts doubled, to 290,000 — a huge figure for the region, albeit a pittance next to the 22.5 million at newly public Robinhood Markets Inc.\nTurlov’s own profile has also soared. In 2018, he backed “Financier,” a glossy financial drama (think an Almaty-based “Margin Call”). One of the brokerages in the film, Partner Finance, sports a logo similar to Freedom’s.\nHis larger-than-life image continues to draw clients — as does hoped-for access to myriad U.S. listings. A section of Freedom’swebsitelays out the pitch. “Buy stocks at their initial price before trading begins,” it runs. “Prices can grow by tens or even hundreds of percent!”\nThis ability to access IPOs “is Freedom’s specialty, their absolute advantage,” said Daniyar Temirbayev, who heads the Qazaq Association of Minority Shareholders, a lobbying group for investors in the country’s burgeoning stock market.\nFour Freedom customers interviewed by Bloomberg, who all asked not to be identified, confirmed they received allocations to U.S. IPOs -- and that they bought Freedom shares to increase their allocations.\nOversubscribed IPOs\nExactly how Turlov does all of this remains a puzzle to outsiders. Most U.S. IPOs are oversubscribed. Everyone wants to get in early in case a stock pops on the first trading day, and Wall Street banks typically dole out stocks to favored clients first. Hedge funds and big mutual funds typically take 90%, according to Jay Ritter, a finance professor at University of Florida in Gainsville.\nWhat are the odds an obscure player like Freedom could get in early?\n“Zero,” Ritter says.\nBut Turlov says this is where his workaround comes in. In the T-Club, where entry is restricted to Freedom’s employees and high-rolling clients, he reveals key parts of the Freedom system.\nBelize Affiliates\nOne is a Belize-based affiliate of the aforementioned hedge fund, which Turlov says buys the stocks from major underwriters. Another is a Belize-based affiliate of Freedom that Turlov personally owns. Once the hedge fund affiliate gets its hands on a stock, Turlov has that Belize-registered entity, FFIN Brokerage Services Inc., buy it and eventually pass it to Freedom for a fee.\nFreedom customers don’t actually get their hands on the stocks for three months, an eternity in the world of IPOs. During the lock-up period, they can buy a derivative from Freedom to fix the share price where they want.\nThe hedge fund’s affiliate collects a commission, safe in the knowledge that Freedom clients won’t be able to flip the stock quickly, Turlov says.\nAccording to Scott Moss, a partner at law firm Lowenstein Sandler LLP in New York, hedge funds rarely if ever act as someone else’s broker because of potential regulatory hassles.\n“As a hedge fund manager, I would have huge reputational risk,” said Carsten Kotas, professor of business administration at FOM University in Frankfurt and a former trader who previously oversaw hedge funds at HSBC Holdings Plc.\nThe Securities and Exchange Commission and the Financial Industry Regulatory Authority declined to comment on Freedom’s business practices.\nMost of the IPOs that Freedom has accessed so far this year have been overseen by Goldman Sachs Group Inc.,JPMorgan Chase & Co.and Morgan Stanley. Spokespeople for the firms declined to comment on whether they were aware of any relationship between their clients and Freedom.\nDemand from customers far outstrips supply, so Freedom has started a$625 millionfund traded in Russia and Kazakhstan, whose holdings include some of the IPO securities — and also holds Russian sovereign debt. It was created to enable more clients to get exposure to recently listed companies, according to Turlov.\nLek Securities\nTurlov names another cog in his operation:Lek Securities Corp., a New York-based brokerage. Lek’s U.K. entity temporarily holds the IPO shares purchased by the hedge fund, he says. Freedom’s European subsidiary routes the vast majority of its trades to Lek, regulatory filings show. The New York broker, small by comparison with Wall Street banks, is also one of the most active traders of many of the IPO stocks that Freedom says it has accessed, Bloomberg data show.\nLek has had run ins with U.S. regulators, including 2017 allegations that the brokerage had enabled manipulative trading by a client in Ukraine that resulted in almost $30 million of illicit profits. Lek was fined about $3 million in 2019 and founder Sam Lek was permanently banned from the securities industry.\nMore trouble emerged in 2018 when FINRA alleged that Lek Securities had allowed customers with dicey backgrounds to engage in some $100 million of penny-stock trades despite “numerous red flags” of potential fraud. Calling the firm a “recidivist violator” of rules, Finra fined it $200,000 in 2019.\nSamuel Lek’s son Charles, who now runs the business, declined to comment.\nFreedom isn’t linked to the above allegations but its own operations have drawn questions. The Foundation for Financial Journalism, a non-profit supporting investigative journalism, published areportlast week examining Freedom’s corporate arrangements including Lek, various related party transactions and the execution process for the trades of its customers.\nTurlov says skepticism about Freedom is inevitable. People envy his success.\n“Almost any situation can become the basis for criticism,” he says.","news_type":1,"symbols_score_info":{"FRHC":0.9}},"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144861054,"gmtCreate":1626275514078,"gmtModify":1631891640353,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Retreat to earth","listText":"Retreat to earth","text":"Retreat to earth","images":[{"img":"https://static.tigerbbs.com/339ce9ca1afca9aacb3271170bbd2b28","width":"1080","height":"2894"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/144861054","isVote":1,"tweetType":1,"viewCount":1720,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":134634263,"gmtCreate":1622220410752,"gmtModify":1634182680001,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>let's go!&nbsp;","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>let's go!&nbsp;","text":"$Tiger Brokers(TIGR)$let's go!","images":[{"img":"https://static.tigerbbs.com/d542171c08667622f9d51dac92874ff2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/134634263","isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138156788,"gmtCreate":1621919803644,"gmtModify":1634185475486,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Crypto scams people to get rich","listText":"Crypto scams people to get rich","text":"Crypto scams people to get rich","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/138156788","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=full","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","V":"Visa","GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9,"V":0.9}},"isVote":1,"tweetType":1,"viewCount":504,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131544063,"gmtCreate":1621869834952,"gmtModify":1634185917886,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Pretty indeed","listText":"Pretty indeed","text":"Pretty indeed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/131544063","repostId":"1113349208","repostType":4,"isVote":1,"tweetType":1,"viewCount":287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375737116,"gmtCreate":1619396477235,"gmtModify":1634273867171,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"All 👀 on the big tech companies","listText":"All 👀 on the big tech companies","text":"All 👀 on the big tech companies","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/375737116","repostId":"1184404050","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378880360,"gmtCreate":1619015457950,"gmtModify":1634289196570,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Buy the dip?&nbsp;","listText":"Buy the dip?&nbsp;","text":"Buy the dip?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/378880360","repostId":"1122748494","repostType":2,"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321983110,"gmtCreate":1615388791330,"gmtModify":1703488372068,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;bought the dip","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>&nbsp;bought the dip","text":"$Tiger Brokers(TIGR)$ bought the dip","images":[{"img":"https://static.tigerbbs.com/b2a8e29434fa3450ee0e893746f23fa4","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321983110","isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":384102611,"gmtCreate":1613621546333,"gmtModify":1634552905769,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"BTC 50k then 100k 🚀🚀🚀","listText":"BTC 50k then 100k 🚀🚀🚀","text":"BTC 50k then 100k 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/384102611","repostId":"1188127819","repostType":4,"repost":{"id":"1188127819","kind":"news","pubTimestamp":1613618258,"share":"https://ttm.financial/m/news/1188127819?lang=&edition=full","pubTime":"2021-02-18 11:17","market":"us","language":"en","title":"Bitcoin’s $50,000 FOMO Is Overpowering Bankers","url":"https://stock-news.laohu8.com/highlight/detail?id=1188127819","media":"Bloomberg","summary":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.","content":"<blockquote>\n <b>The Fear Of Missing Out&nbsp;is rippling through&nbsp;business and finance.&nbsp;But not everyone can be Elon Musk.</b>\n</blockquote>\n<p>JPMorgan Chase &amp; Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.</p>\n<p>Never mind that Bitcoin’s persistent&nbsp;flaws, from relatively slow transaction speeds to&nbsp;wild price swings, make it a poor store of value or medium of exchange.&nbsp;The&nbsp;promise of life-changing wealth during lockdown is&nbsp;a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are&nbsp;loudly loading up on digital gold, drowning out any skeptical voices.&nbsp;Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.</p>\n<p>It’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.</p>\n<p>No wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince&nbsp;depicted&nbsp;the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.</p>\n<p>MasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually.&nbsp;Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.</p>\n<p><b>The Bitcoin Aristocracy</b></p>\n<p>There are over 8,000 addresses holding balances worth over $10 million</p>\n<p><img src=\"https://static.tigerbbs.com/8cf7f475e7f3f8487eb55c370a8c6481\" tg-width=\"826\" tg-height=\"512\"></p>\n<p>Hard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais&nbsp;apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.</p>\n<p>Most companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.</p>\n<p>For bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead,&nbsp;reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.</p>\n<p>So while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it.&nbsp;Switzerland, for example, has reportedly guided toward&nbsp;aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.</p>\n<p>While treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.</p>\n<p>Finally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.</p>\n<p>When the music stopped for Citi and others in the 2007-2008&nbsp;financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping&nbsp;spur the creation of Bitcoin itself. It would be&nbsp;a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.</p>\n<p>Bitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.</p>\n<p>This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.</p>\n<p>Lionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin’s $50,000 FOMO Is Overpowering Bankers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin’s $50,000 FOMO Is Overpowering Bankers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The ...</p>\n\n<a href=\"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.bloombergquint.com/gadfly/can-bitcoin-and-banks-mix-responsibly-the-dangers-of-taking-elon-musk-s-cue","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188127819","content_text":"The Fear Of Missing Out is rippling through business and finance. But not everyone can be Elon Musk.\n\nJPMorgan Chase & Co. traders are said to be “salivating” over Bitcoin. It’s easy to see why. The cryptocurrency’s price hasshot past $50,000, double where it was on Christmas Day, creating a powerful centrifugal force of excitement — and real money judging by crypto exchange Coinbase Inc.’sreportedprofit margins of 20%.\nNever mind that Bitcoin’s persistent flaws, from relatively slow transaction speeds to wild price swings, make it a poor store of value or medium of exchange. The promise of life-changing wealth during lockdown is a strong draw for eager punters. Beyond the memes, wealthy financiers and billionaires are loudly loading up on digital gold, drowning out any skeptical voices. Elon Musk’s Tesla Inc. hasplowed$1.5 billion into Bitcoin, and wealthy hedge-funders like Paul Tudor Jones and Stanley Druckenmiller are on board.\nIt’s hard to heed “boomer” warningscomparing the craze to 17th-century Dutch tulip maniawhen the likes of ARK Investment Management’s Cathie Wood areegging firms on to buy.\nNo wonder the world of “legacy” corporate finance is salivating. The mood echoes how Citigroup Inc.’s former boss Chuck Prince depicted the peak of the subprime bubble: “As long as the music is playing, you’ve got to get up and dance.” Nowadays it seems everyone is adding crypto to their dance card.\nMasterCard Inc.and Bank of New York Mellon Corp. have announced crypto plans, while JPMorgan Co-President Daniel Pinto says his bank will“get involved” eventually. Some investors say they’ve bought crypto while hating every minute of it — the very definition of the Fear of Missing Out.\nThe Bitcoin Aristocracy\nThere are over 8,000 addresses holding balances worth over $10 million\n\nHard as it is to resist crypto FOMO, it’s still worth thinking about rules of engagement and taking a careful approach. One principle might be to remind companies of their fiduciary duty to shareholders. Simply sticking Bitcoin on the balance sheet like Teslais apoorhedge, as its price tumbles in times of market stress have shown. It’s not a common medium of exchange either, with merchants amounting to an estimated 1% of crypto transactions between mid-2019 and mid-2020.\nMost companies with a dollar cost base selling goods other than luxury cars have no real need to hold a pile of cryptocurrencies. Copying Musk is for the brave — it only works if the price keeps going up. Corporations should stick to their financial lane, not swerve onto Tesla’s. Most investors prefer for excess cash to be reinvested in operations, returned or managed appropriately.\nFor bankers, acting as a broker for crypto clients could certainly fit into their job description. However, some caution is warranted here, too. Jean Dermine, a professor of banking at Insead, reckons Bitcoin touches on several areas of risk: operational risk, such as client identification and the potential for fraud; legal, especially with a decentralized global asset; and regulatory risk, given a history of lawsuits andgovernment crackdownsin the sector. And then there’s the need to protect consumers too.\nSo while trading Bitcoin might make business sense, the risks should make it expensive to do so, with high levels of loss-absorbing capital set aside to back it. Switzerland, for example, has reportedly guided toward aflat bank risk weightof 800% for Bitcoin. That helps explain why banks have so far kept one step removed from the asset, whether via futures or taking on crypto exchanges as clients.\nWhile treading cautiously on Bitcoin, banks would do well to take a more strategic approach tothe whole crypto landscape. The future of money hasn’t been decided yet, and “legacy” finance may be better equipped to co-opt or compete against such assets than people think. Banks have been toiling away at proprietary blockchain projects, such as JPMorgan’s JPM Coin, which could save money on payments. They are natural partners for central banks’ planned digital currencies, like the digital euro.\nFinally, a principle for regulators. They should take a balanced approach to financial innovation without letting systemic risks get out of hand. Crypto exchanges are better regulated than they used to be, and consumer warnings are issued frequently. But if Bitcoin became deeply embedded in the global financial system, the question would inevitably arise over what to do if an asset with no government backer crashed.\nWhen the music stopped for Citi and others in the 2007-2008 financial crisis, central banks joined hands to throw the financial system multiple lifelines — helping spur the creation of Bitcoin itself. It would be a very odd look for the Bitcoin aristocracy to be bailed out by its arch-nemesis, central bank fiat money.\nBitcoin is playing an irresistible tune, but for many in the corporate-finance world, the best dance right now should be baby steps.\nThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.\nLionel Laurent is a Bloomberg Opinion columnist covering the European Union and France. He worked previously at Reuters and Forbes.","news_type":1,"symbols_score_info":{"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157295578,"gmtCreate":1625582577394,"gmtModify":1633939366232,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"The title is misleading though...&nbsp;","listText":"The title is misleading though...&nbsp;","text":"The title is misleading though...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/157295578","repostId":"2149350637","repostType":4,"repost":{"id":"2149350637","kind":"news","pubTimestamp":1625581500,"share":"https://ttm.financial/m/news/2149350637?lang=&edition=full","pubTime":"2021-07-06 22:25","market":"us","language":"en","title":"Fake Tesla, Apple Stocks Have Started Trading on Blockchains","url":"https://stock-news.laohu8.com/highlight/detail?id=2149350637","media":"Bloomberg","summary":"For years, the powers that be on Wall Street have toyed with questions about whether it would be fea","content":"<p>For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies.</p>\n<p>The innovators in the fast-moving world of decentralized finance -- or DeFi -- aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market.</p>\n<p>Fake versions ofTesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popularexchange-traded funds, have been created by the projectsMirror ProtocolandSynthetixover the past year. The tokens, and the programming that allows them to trade, are engineered to reflect the prices of the securities they track without any actual purchases or sales of the real stocks and ETFs involved. So far, volumes are just a tiny fraction of those on regulated exchanges. But for crypto enthusiasts, the potential upside is huge.</p>\n<p>The synthetic shares join a strange new world of assets such asdigital artworkand highlights of NBA games now trading on blockchains. Yet, unlike the modern art and dunks of the non-fungible token universe, these instruments raise questions about how they fit into a global stock market and brokerage industry governed by thousands of pages of rules from dozens of countries.</p>\n<p>At the moment, it’s a case of innovation that’s way ahead of regulation.</p>\n<p>Which is exactly how&nbsp;Do Kwon&nbsp;likes it. The co-founder and CEO of Terraform Labs, the South Korean company that created the Mirror Protocol on its Terra blockchain, in the mode of Vlad Tenev or Chamath Palihapitiya. DeFi “is so powerful in unlocking financial services for disenfranchised people around the world,” he said via email, that “it’s better to move fast and break things. Waiting for fragmented regulatory frameworks to crystallize before innovating is counterintuitive.”</p>\n<p>Synthetic Assets</p>\n<p>For Kwon and other proponents of these new synthetic assets, avoiding the various rules and barriers of the financial world is a feature, not a bug. It opens up opportunities for wealth creation currently only available to a fortunate few, he said. Users can trade the tokens anonymously 24 hours a day, seven days a week, from anywhere, unhindered by capital controls,“know your client”rules imposed on broker-dealers, and other frictions of the traditional financial system.</p>\n<p>Kwon said Terraform Labs doesn’t generate any revenue from fees charged on the Mirror Protocol. Those go to users as an incentive to provide liquidity. Rather, the firm profits via a cryptocurrency it created that tends to increase in value as projects like Mirror grow in popularity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/603592b93f5f75f55f7927b44372308b\" tg-width=\"1000\" tg-height=\"1044\" referrerpolicy=\"no-referrer\"><span>The interface on Terraswap to buy Mirrored Tesla</span></p>\n<p>So how exactly do these synthetic equities work? Well, it’s complicated.</p>\n<p>But to oversimplify, under the Mirror Protocol, the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage price discrepancies and manage the actual supply of tokens. Users can create, or “mint,” new tokens when prices are too high by posting collateral, and destroy, or “burn,” tokens when prices are too low,driving the priceup or down.</p>\n<p>Through these incentives, the “synths closely track the price of the real-world asset,” Kwon said. “But they’re still only tokens on a blockchain providing explicit price exposure.”</p>\n<p>‘Trojan Horse’</p>\n<p>The tokens trade on decentralized, automated markets like Uniswap andTerraswap, which allow users to buy and sell the assets directly on the blockchain -- a different model than centralized crypto exchanges run by the likes of Coinbase Global Inc. and Binance.</p>\n<p>So far, trading volumes likely aren’t high enough to cause executives at Nasdaq or the New York Stock Exchange to lose much sleep. Mirrored Apple tokens, for example, have a market capitalization of about $34 million, according toCoinmarketcap.com. That compares with about $2.3 trillion for the real stock, and is around 1/1,000th the size of the novelty cryptocurrency Dogecoin.</p>\n<p>A comparison of prices between various mirrored equities and the real securities at various times over the past week shows that the difference between the two can range from a penny to several dollars. For example, in afternoon trading on June 30, the price of Mirrored Tesla on CoinMarketCap.com was almost $6 higher than the $684 level the real shares were trading for on the stock market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37c316b1a6a4c8847b072741e58a2c89\" tg-width=\"1000\" tg-height=\"617\" referrerpolicy=\"no-referrer\"><span>Mirrored Tesla’s price from CoinMarketCap.com</span></p>\n<p>Yet, the projects bear watching by traditional finance institutions, given some of the ambitions in the DeFi space. As digital-asset management firm Arrington XRP Capital put it in areportanalyzing and describing its support for Mirror, the goal of DeFi is not to simply improve a user’s experience with the banking system, but rather to dismantle it entirely. These new synthetic equities, the firm wrote, “are one of DeFi’s most obvious Trojan Horses into legacy markets.”</p>\n<p>A spokeswoman for the U.S. Securities and Exchange Commission and representatives for Nasdaq, the listing exchange for most of the equities being copied by synthetics, declined to comment.</p>\n<p>“Since these synthetic products are not regulated and not traded on a national securities exchange, I would think that the SEC would take issue with them,” said Joseph Saluzzi, the co-head of equity trading at Themis Trading who has providedtestimonyto Congress on market issues. “According to the SEC, their mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. This sounds like an investor-protection issue to me.”</p>\n<p>Binance, the world’s biggest cryptocurrency exchange, has alreadydrawn the attentionof Germany’s financial regulator by offering tokens that are tied to the performance of popular U.S. stocks but backed by the actual equities. Binance may have violated securities rules when it issued the tokenized shares of Tesla, MicroStrategy Inc. and Coinbase, BaFin said in April.</p>\n<p>Regulators could also start looking more closely at the DeFi space following some spectacular blowups in stablecoins -- digital currencies designed to closely track the value of national currencies (and which Mirror traders use as collateral to mint new tokens). Dallas Mavericks owner Mark Cuban, an enthusiastic and influential investor in DeFi,recently calledfor regulations to address the cryptocurrencies after losing money when one crashed in value to zero.</p>\n<p>Billionaire crypto investor Mike Novogratz, founder and chief executive of Galaxy Digital, recently tweeted that players in DeFi markets may regret it if they don’t start abiding by so-called know your client and anti-money laundering rules.</p>\n<p>“Invest in a compliance layer now or pay the piper later,”he wrote. “If we want this ecosystem to grow we need to recognize we need to operate within the rules society sets.”</p>\n<p>Kwon said Terraform Labs has not yet had any conversations with regulators in the U.S. or elsewhere about mirrored equities. Nor has the company communicated with exchanges such as Nasdaq, or the firms that manage the ETFs that have been mirrored.</p>\n<p>But to stop mirrored stocks and other synthetic assets from trading, you would have to shut down the underlying open-source software code that makes up the blockchain and is used by a global user base that includes many anonymous players, he added.</p>\n<p>“As long as there are ardent believers in the greater picture of what’s possible with the technology, shutting down crypto, DeFi, or synths is a Sisyphean task,” he said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fake Tesla, Apple Stocks Have Started Trading on Blockchains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFake Tesla, Apple Stocks Have Started Trading on Blockchains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies....</p>\n\n<a href=\"https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://finance.yahoo.com/news/fake-tesla-apple-stocks-started-110000040.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2149350637","content_text":"For years, the powers that be on Wall Street have toyed with questions about whether it would be feasible to move the stock market onto a blockchain, the underlying technology behind cryptocurrencies.\nThe innovators in the fast-moving world of decentralized finance -- or DeFi -- aren’t waiting around to see how those discussions unfold. Instead, they’ve built synthetic versions of equities that track some of the world’s biggest companies. In essence, the anti-establishment ethos of the crypto world is being applied to a rough facsimile of the stock market.\nFake versions ofTesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popularexchange-traded funds, have been created by the projectsMirror ProtocolandSynthetixover the past year. The tokens, and the programming that allows them to trade, are engineered to reflect the prices of the securities they track without any actual purchases or sales of the real stocks and ETFs involved. So far, volumes are just a tiny fraction of those on regulated exchanges. But for crypto enthusiasts, the potential upside is huge.\nThe synthetic shares join a strange new world of assets such asdigital artworkand highlights of NBA games now trading on blockchains. Yet, unlike the modern art and dunks of the non-fungible token universe, these instruments raise questions about how they fit into a global stock market and brokerage industry governed by thousands of pages of rules from dozens of countries.\nAt the moment, it’s a case of innovation that’s way ahead of regulation.\nWhich is exactly how Do Kwon likes it. The co-founder and CEO of Terraform Labs, the South Korean company that created the Mirror Protocol on its Terra blockchain, in the mode of Vlad Tenev or Chamath Palihapitiya. DeFi “is so powerful in unlocking financial services for disenfranchised people around the world,” he said via email, that “it’s better to move fast and break things. Waiting for fragmented regulatory frameworks to crystallize before innovating is counterintuitive.”\nSynthetic Assets\nFor Kwon and other proponents of these new synthetic assets, avoiding the various rules and barriers of the financial world is a feature, not a bug. It opens up opportunities for wealth creation currently only available to a fortunate few, he said. Users can trade the tokens anonymously 24 hours a day, seven days a week, from anywhere, unhindered by capital controls,“know your client”rules imposed on broker-dealers, and other frictions of the traditional financial system.\nKwon said Terraform Labs doesn’t generate any revenue from fees charged on the Mirror Protocol. Those go to users as an incentive to provide liquidity. Rather, the firm profits via a cryptocurrency it created that tends to increase in value as projects like Mirror grow in popularity.\nThe interface on Terraswap to buy Mirrored Tesla\nSo how exactly do these synthetic equities work? Well, it’s complicated.\nBut to oversimplify, under the Mirror Protocol, the idea is to keep prices of the synthetic -- or “mirrored” -- equities in the ballpark of the real thing by offering incentives for traders to arbitrage price discrepancies and manage the actual supply of tokens. Users can create, or “mint,” new tokens when prices are too high by posting collateral, and destroy, or “burn,” tokens when prices are too low,driving the priceup or down.\nThrough these incentives, the “synths closely track the price of the real-world asset,” Kwon said. “But they’re still only tokens on a blockchain providing explicit price exposure.”\n‘Trojan Horse’\nThe tokens trade on decentralized, automated markets like Uniswap andTerraswap, which allow users to buy and sell the assets directly on the blockchain -- a different model than centralized crypto exchanges run by the likes of Coinbase Global Inc. and Binance.\nSo far, trading volumes likely aren’t high enough to cause executives at Nasdaq or the New York Stock Exchange to lose much sleep. Mirrored Apple tokens, for example, have a market capitalization of about $34 million, according toCoinmarketcap.com. That compares with about $2.3 trillion for the real stock, and is around 1/1,000th the size of the novelty cryptocurrency Dogecoin.\nA comparison of prices between various mirrored equities and the real securities at various times over the past week shows that the difference between the two can range from a penny to several dollars. For example, in afternoon trading on June 30, the price of Mirrored Tesla on CoinMarketCap.com was almost $6 higher than the $684 level the real shares were trading for on the stock market.\nMirrored Tesla’s price from CoinMarketCap.com\nYet, the projects bear watching by traditional finance institutions, given some of the ambitions in the DeFi space. As digital-asset management firm Arrington XRP Capital put it in areportanalyzing and describing its support for Mirror, the goal of DeFi is not to simply improve a user’s experience with the banking system, but rather to dismantle it entirely. These new synthetic equities, the firm wrote, “are one of DeFi’s most obvious Trojan Horses into legacy markets.”\nA spokeswoman for the U.S. Securities and Exchange Commission and representatives for Nasdaq, the listing exchange for most of the equities being copied by synthetics, declined to comment.\n“Since these synthetic products are not regulated and not traded on a national securities exchange, I would think that the SEC would take issue with them,” said Joseph Saluzzi, the co-head of equity trading at Themis Trading who has providedtestimonyto Congress on market issues. “According to the SEC, their mission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. This sounds like an investor-protection issue to me.”\nBinance, the world’s biggest cryptocurrency exchange, has alreadydrawn the attentionof Germany’s financial regulator by offering tokens that are tied to the performance of popular U.S. stocks but backed by the actual equities. Binance may have violated securities rules when it issued the tokenized shares of Tesla, MicroStrategy Inc. and Coinbase, BaFin said in April.\nRegulators could also start looking more closely at the DeFi space following some spectacular blowups in stablecoins -- digital currencies designed to closely track the value of national currencies (and which Mirror traders use as collateral to mint new tokens). Dallas Mavericks owner Mark Cuban, an enthusiastic and influential investor in DeFi,recently calledfor regulations to address the cryptocurrencies after losing money when one crashed in value to zero.\nBillionaire crypto investor Mike Novogratz, founder and chief executive of Galaxy Digital, recently tweeted that players in DeFi markets may regret it if they don’t start abiding by so-called know your client and anti-money laundering rules.\n“Invest in a compliance layer now or pay the piper later,”he wrote. “If we want this ecosystem to grow we need to recognize we need to operate within the rules society sets.”\nKwon said Terraform Labs has not yet had any conversations with regulators in the U.S. or elsewhere about mirrored equities. Nor has the company communicated with exchanges such as Nasdaq, or the firms that manage the ETFs that have been mirrored.\nBut to stop mirrored stocks and other synthetic assets from trading, you would have to shut down the underlying open-source software code that makes up the blockchain and is used by a global user base that includes many anonymous players, he added.\n“As long as there are ardent believers in the greater picture of what’s possible with the technology, shutting down crypto, DeFi, or synths is a Sisyphean task,” he said.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AAPL":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154815204,"gmtCreate":1625496902708,"gmtModify":1633940186344,"author":{"id":"3573590765333740","authorId":"3573590765333740","name":"mintmochi","avatar":"https://static.tigerbbs.com/31c5f084e3d18956192beac9ba9a153a","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573590765333740","authorIdStr":"3573590765333740"},"themes":[],"htmlText":"Market closed, sleep early tonight","listText":"Market closed, sleep early tonight","text":"Market closed, sleep early tonight","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154815204","repostId":"1109703914","repostType":4,"repost":{"id":"1109703914","kind":"news","pubTimestamp":1625464355,"share":"https://ttm.financial/m/news/1109703914?lang=&edition=full","pubTime":"2021-07-05 13:52","market":"us","language":"en","title":"Is the Stock Market Open or Closed on Independence Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109703914","media":"Thestreet","summary":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i","content":"<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.</p>\n<p>So will the major markets open or close for the holiday?</p>\n<p>The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.</p>\n<p>It's&nbsp;one of nine full-closing daysfor the stock market this year.</p>\n<p>For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.</p>\n<p>Normal stock-trading hours run 9:30 a.m. to 4 p.m. ET.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the Stock Market Open or Closed on Independence Day?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the Stock Market Open or Closed on Independence Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-05 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the...</p>\n\n<a href=\"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.thestreet.com/investing/independence-day-stock-markets-trading-hours","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109703914","content_text":"Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.\nSo will the major markets open or close for the holiday?\nThe New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.\nIt's one of nine full-closing daysfor the stock market this year.\nFor instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading is scheduled for a bit more than a half-day, 9:30 a.m. to 1 p.m. ET.\nNormal stock-trading hours run 9:30 a.m. to 4 p.m. ET.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}