From a stock index perspective, Alphabet shares are among the best-performing equities with a gain of about 33% YTD.
Alphabet Inc (NASDAQ: GOOGL) shares have strongly rebounded from 2022 lows YTD. As a well-diversified tech company that has invested billions of dollars in different economic sectors, its stock market is well-poised AimAlphabetATHBullishGOOGLGooglesRemainsRevisitSharesStreetVentureWall Read More
An absence of liquidity, which is what the crypto industry will experience as several market makers jump ship, causes an increase in volatility as it takes less capital to move an asset. This, coupled with this highly-leveraged nature of crypto markets, has the potential to create a credit risk that BrinkBTCCryptoExitJaneJumpLiquidityStreet Read More
The exit of Jane Street and Jump Crypto will contribute to the liquidity crunch in the market segment and this outlook is unhealthy for the industry.
Market-making firms Jane Street Group and Jump Crypto are retreating from crypto trading in the United States due to regulatory uncertainty in the country.
According to CryptoJaneJumpRegulatoryStreetUncertaintyWithdraws Read More
Both firms are still making markets and not abandoning the crypto industry entirely, Bloomberg said citing the person. However, Jane Street is scaling back its global crypto expansion plans, while Jump Crypto - the digital assets trading unit of Jump Trading - is pulling back from U.S. markets, although it's BloombergCryptoGiantsJaneJumpMakingMarketRetreatingStreetTrading Read More
Beverage giant PepsiCo raised its full-year outlook following its commendable Q1 2023 performance, beating analysts’ expectations.
PepsiCo (NASDAQ: PEP) has raised its 2023 yearly outlook following its better-than-expected Q1 performance. On Tuesday, the multinational food, snack, and beverage corporation posted earnings and revenue that surpassed expectations. For the first quarter of the year, 17.85BBeatsEarningsexpectationsPepsiCoReportsRevenueStreetWall Read More
T. Rowe Price Associates, together with several prominent Wall Street companies, is set to explore the potential of the Avalanche blockchain to revolutionize financial trade execution and settlement using a new application called Spruce.
T. Rowe Price Associates is joining forces with several Wall Street companies to explore the Avalanche blockchain’s AvalancheBlockchainEfficientEmbraceFinancialFirmsStreetTransactionsWall Read More
Trading firms Jane Street Group, Tower Research Capital and Radix Trading have been reportedly identified as Binance’s three “VIP” clients that were cited anonymously in the recent lawsuit filed against Binance by the United States commodities regulator.According to an April 5 Bloomberg report citing "people familiar with the matter,” Radix BinancesBitcoinCFTCClientscryptoexchangeExchangesJaneRadixReportResearchStreetSuitTowerVIP Read More
The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising.BTC market cap daily performance chart. Source: TradingViewMoreover, Bitcoin has decoupled from U.S. stocks for the 100BBanksBitcoinCapGrowsLoseMarketStreetTopWall Read More
State Street will continue to work on “a multi-faceted solution for both tokenized securities as well as native tokens,” the bank said, adding that the “regulatory environment for digital assets has continued to evolve, as has the requirements for servicing this asset class.”
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A team of former Jane Street and PIMCO traders have raised $15 million to produce a proof-of-solvency protocol for centralized exchanges, stablecoin issuers and other asset managers in the crypto space, according to a press release from the team shown to Cointelegraph. Called “Proven,” the new protocol allegedly uses zero-knowledge 15MBitcoincryptoexchangeExchangesJanePimcoProofofSolvencyProtocolRaiseStreetTraders Read More