Latest Stories
Bitcoin’s Plunge Exposes Idea of Uncorrelated Asset as ‘Big Lie’
A selloff in
Dragonfly Energy Strikes SPAC Deal Valued at $500 Million (2)
Battery maker
U.S. Stocks Extend Losses in Late Session Selloff: Markets Wrap
Stocks fell back toward session lows in the last hour of trading Monday as investors assessed the latest signs of economic malaise in the US and China.
Crypto Hedge-Fund Head Predicted Terra’s $60 Billion Implosion
Hacks, scams, ponzis, rug pulls and crashes are common in crypto; they happen almost every day. The recent collapse of the Terra ecosystem and its UST stablecoin is different.
Another Stablecoin Loses Peg as Algorithm Fails to Keep Pace (1)
Deus Finance’s DEI token has lost its 1-to-1 peg to the dollar, becoming the latest failure of an algorithmic stablecoin during a period of crypto market stress.
Matt Levine’s Money Stuff: The Trump SPAC Is In Business (Correct)
Donald Trump’s social media company, Trump Media & Technology Group Corp., which runs the “Truth Social” app, plans to go public by merging with a special purpose acquisition company called Digital World Acquisition Corp., raising something like $1.3 billion. Today TMTG and DWAG filed the registration statement for their merger, a key step in actually making it happen.