Whoopsies: Collector Accidentally Burns NFT Worth $123K
This week on the whoopsies, an NFT collector accidentally burned a CryptoPunk NFT they had just purchased for a whopping 77 ETH ($123,434). NFT collector and investor Brandon Riley was attempting to “wrap” the NFT but ended up sending it to a burn address, which effectively destroyed the NFT. The accident disseminated a third of […]
Elon Musk Now Only Values Twitter At $20 Billion As Firm Demands GitHub To Identify Source Code Leaker
According to an email addressed to the company’s employees on Friday, Elon Musk stated that Twitter is now worth roughly $20 billion, a considerable decrease from the $44 billion he paid to acquire the social network in October. The email was sent to staff to advertise a new stock compensation program, according to The New […]
Exxon Mobil’s Assets to be Nationalized Under Chad Government
The government of Chad is in the midst of nationalizing all assets owned by private oil company Exxon Mobil (NYSE: XOM), in an unprecedented move that hasn’t been common in over fifty years. As reported by the Associated Press, the land-locked country in North-Central Africa is taking over all assets owned by Exxon Mobil, including […]
Honduras Leaves Taiwan For China, Taipei Describes Demands As “Bribe-Like”
On Sunday, China established diplomatic ties with Honduras after the Central American country severed ties with Taiwan, while Taiwan’s foreign minister accused Honduras of demanding exorbitant sums before being enticed away by Beijing. Honduras’ connections with Taiwan were expected to be severed after the Honduran foreign minister visited China last week to establish relations and […]
Trudeau Looks to Fight Cost of Living Crisis with ‘Grocery Rebate’
A senior government official told CBC News that the federal budget that will be unveiled on Tuesday will include a grocery rebate measure designed to address rising food costs for lower-income families. According to the source who asked not to be named as they are not authorized to publicly speak about the matter, the measure […]
Peter Berezin: Don’t Look At Job Openings, Look At The Quits Rate
Starting this week off on The Daily Dive is BCA Research’s Chief Global Strategist, Peter Berezin. Peter joins us this afternoon to share his insights on the Fed, the dollar, the banking crisis, the jobs market, and the real estate market. He also gives us his read on oil price, precious metals, and meme stocks. […]
Silicon Valley Bank Will Be Acquired By First Citizens
The collapsed Silicon Valley Bank will be acquired by First Citizens BancShares Inc (NASDAQ: FCNCA), after regulators took control of the tech lender earlier this month in wake of a run on deposits. First Citizens on Monday announced SVB is reopening under a new owner, after the regional bank bought the tech lender’s deposits and […]
Saudi National Bank Chair Resigns After Credit Suisse Comment Sparks Bank Run
Ammar Al Khudairy, the chair of Saudi National Bank (SNB), has resigned for “personal reasons” after the kingdom’s largest lender was thrust into the spotlight amid turmoil at Credit Suisse. Saeed Al Ghamdi, the bank’s CEO, will take over as chair, the bank announced on Monday. Talal Al-Khereiji takes over as acting CEO. In a […]
Are Copper Stockpiles Empty? Metal Expected to See New Highs In the Next 12 Months
Experts have long warned that copper stocks are running dangerously low. And now with a rebound in Chinese demand and the metal’s crucial role in the move toward decarbonization, the world is running the risk of depleting copper stockpiles very soon. According to Goldman Sachs, Chinese copper demand grew 13% last month compared to the […]
UPDATED: Binance, CZ Sued By CFTC For Breaking Trading, Derivatives Rules
It is currently being reported that the Commodity Futures Trading Commission, also known as the CFTC, has filed a lawsuit against Binance and its founder Changpeng Zhao, also known as CZ, as well as Samuel Lim. The lawsuit, filed in the federal courts in Chicago, allegedly relates to the firm breaking trading and derivatives rules. […]