Quote To Start The Day: “Showing is better than telling.”
Source: Floyd Mayweather
One Big Thing In Fintech: Ray Dalio, a billionaire investor and the founder of the world's largest hedge fund Bridgewater Associates, has said that the digital yuan will be more competitive than the digital dollar.
Source: Block
Other Key Fintech Developments:
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Nasdaq on the evolution of banks.
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Goldman led a $45M fintech raise.
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Cash wallets the future of fintech.
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Gresham to buy post-trade fintech.
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European fintechs fill war chests.
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Apifiny announces launch of tech.
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Eurex extends EnLight with forex.
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Obie raises $10.7M for insurtech.
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More on Visa’s online marketplace.
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Bison Trails acquired by Coinbase.
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Stash weighing go-public options.
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Circle is considering a SPAC deal.
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Crypto.com’s climate commitment.
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Paysend secures Series B funds.
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DBS gets first security token offer.
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Congress investigating Kabbage.
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SEC files suit against BitConnect.
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Chip, BlackRock working on tech.
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Modern retail needs modern rules.
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QuintoAndar landed $300M round.
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Cloud9, Sphere partner over voice.
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Coinbase intros a prime brokerage.
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Jai Kisan raised $30M in financing.
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Circle and Atom add a partnership.
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Chipper Cash closes on Series C.
Watch Out For This: Life as depicted in George Orwell’s 1984 “could come to pass in 2024” if lawmakers don’t protect the public against artificial intelligence, Microsoft’s president has warned.
Source: BBC
Interesting Reads:
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Twitter Blue subscriptions coming.
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Amazon is planning to buy MGM.
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Detroit’s Maxpro teams with Shaq.
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Chamath talks SPAC regulations.
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Implications of leveraged finance.
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PBOC increased its reserve ratio.
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How gasoline came into our lives.
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Oil nearing $70/barrel on demand.
Market Moving Headline: Coming into the large May monthly options expiration (OPEX) and the extended holiday weekend, U.S. stock index futures pinned, trading sideways-to-higher.
Key Takeaways: Index futures in balance.
- Best to assume the taper tantrum happened.
- Ahead: Fed speak and data on employment.
- Indices traded sideways-to-higher last week.
In the coming sessions, participants will want to focus their attention on where the S&P 500 trades in relation to the $4,197.25 high volume area (HVNode).
In the best case, the index trades sideways or higher; activity above $4,197.25 has the potential to reach the $4,227.00 point of control (POC). Initiative trade beyond the POC could reach as high as first the $4,238.00 overnight all-time high (ONH) and then, the $4,294.75 Fibonacci-derived price extension, a typical recovery target.
Source: Physik Invest
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