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The Ripple-SEC settlement cannot take effect until the Court of Appeals formally signs off on the stipulation.
Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.
Share link:In this post: Trump’s administration is negotiating a government equity stake in Intel using Chips Act funds. The move aims to rescue Intel’s delayed Ohio factory and boost U.S. chip production. Lip Bu Tan, Intel’s CEO, gained $29M as Intel stock surged 15% since his March appointment.
Share link:In this post: Hedge fund Brevan Howard is now the biggest shareholder of IBIT with 37.5 million shares. More entities are gaining or increasing their exposure to IBIT with Havard disclosure being most significant. IBIT has now crossed $90 billion in assets under management.
Share link:In this post: The S&P 500 and Nasdaq both fell Friday, while the Dow rose slightly, boosted by a 12% surge in UnitedHealth. Applied Materials dropped 14%, dragging chip stocks lower, and consumer sentiment slipped due to inflation fears. Buffett, Burry, and Tepper revealed large stakes in UnitedHealth, sending the stock to its best day since March 2020.
Share link:In this post: Trump and Putin held a three-hour meeting in Alaska but reached no agreement on ending the war in Ukraine. Zelenskiy was not invited, and no ceasefire or follow-up summit was confirmed. Trump claimed progress but admitted major issues remain unresolved.
- 20:15All three major U.S. stock indexes closed higher, reaching new record highs.Jinse Finance reported that all three major U.S. stock indexes closed higher and reached new closing highs. The Dow Jones Industrial Average closed up 0.27%, the Nasdaq closed up 0.94%, and the S&P 500 Index closed up 0.48%.
- 20:12The US Dollar Index rose by 0.49%, closing at 97.349.ChainCatcher news, according to Golden Ten Data, the US Dollar Index, which measures the dollar against six major currencies, rose by 0.49% on September 18, closing at 97.349 in the late foreign exchange market. One euro exchanged for 1.1779 US dollars, lower than the previous trading day's 1.1835 US dollars; one pound exchanged for 1.355 US dollars, lower than the previous trading day's 1.364 US dollars; one US dollar exchanged for 147.95 Japanese yen, higher than the previous trading day's 146.72 yen; one US dollar exchanged for 0.7927 Swiss francs, higher than the previous trading day's 0.7886 Swiss francs; one US dollar exchanged for 1.3807 Canadian dollars, higher than the previous trading day's 1.3771 Canadian dollars; one US dollar exchanged for 9.3655 Swedish krona, higher than the previous trading day's 9.2787 Swedish krona.
- 20:11The Dow Jones Index closed up by 123.92 points, with both the S&P 500 and Nasdaq also rising.According to ChainCatcher, citing Golden Ten Data, the Dow Jones Index closed up 123.92 points, or 0.27%, at 46,142.24 points on Thursday, September 18; the S&P 500 Index rose 31.6 points, or 0.48%, to 6,631.95 points; and the Nasdaq Composite Index increased by 209.4 points, or 0.94%, to 22,470.73 points.