Unusual Whales

Binance crypto exec reportedly on the run after busting out of custody in Nigeria

Binance crypto exec reportedly on the run after busting out of custody in Nigeria. A Binance executive reportedly escaped from police custody in Nigeria on Friday. Nadeem Anjarwalla, the cryptocurrency exchange's regional manager for Africa, managed to flee while being taken to pray at a mosque in Abuja

The EU enacts a ban on anonymous crypto transactions via self-custody wallets

The EU enacts a ban on anonymous crypto transactions via self-custody wallets, per Cointelegraph. The majority of the European Parliament's lead committees have endorsed a prohibition on cryptocurrency transactions of any value conducted through hosted crypto wallets. This decision follows the European Council and Parliament's provisional

Older siblings tended to make more money than their younger siblings

Older siblings tended to make more money than their younger siblings, per BI and NBER. For years, researchers have observed a trend where the eldest child tends to earn more money and perform better on cognitive tests than their younger siblings. However, experts have debated the primary factors driving this

78% of equity options traded worldwide were traded in India last year

78% of equity options traded worldwide were traded in India last year, per WSJ. Global listed derivatives markets saw a significant increase in trading activity in 2023, with the total volume of trading reaching 137.3 billion contracts, marking a 64% increase from the previous year. This continued a trend

An inverted yield curve no longer a reliable indicator for recession

An inverted yield curve no longer a reliable indicator for recession, per Reueters. A majority of strategists surveyed by Reuters have expressed doubts about the reliability of the U.S. bond market's inverted yield curve as an indicator of an impending recession. The yield curve, specifically the difference

Canadian standard of living is declining, per the National Bank of Canada Financial

Canadian standard of living is declining, per the National Bank of Canada Financial. Canada’s real gross domestic product (GDP) has stagnated at the same level as seven years ago, indicating a concerning trend. Real GDP per capita, which factors in inflation and population growth, is typically seen as a

The US dollar would be poised to rally 3% if Donald Trump is re-elected in November based on his policy proposals for more tariffs, economic stimulus and a weaker commitment to NATO

The US dollar would be poised to rally 3% if Donald Trump is re-elected in November based on his policy proposals for more tariffs, economic stimulus and a weaker commitment to NATO. Barclays Plc's foreign-exchange strategists suggest that if former President Donald Trump is re-elected in November, the

$RDDT IPO

Reddit's shares surged 48% in their debut on Thursday, marking the first initial public offering for a major social media company since Pinterest's IPO in 2019. The 19-year-old website, known for hosting millions of online forums, priced its IPO on Wednesday at $34 a share, the

U.S. Justice Department official does not rule out seeking breakup of Apple, $AAPL, says 'structural relief' a possibility

U.S. Justice Department official does not rule out seeking breakup of Apple, $AAPL, says 'structural relief' a possibility. The Department of Justice filed a lawsuit against Apple on Thursday, alleging that its iPhone ecosystem has created a monopoly that has driven the company's valuation to

7.6% of adults in the U.S. now identify as lesbian, gay, bisexual, transgender or another sexual orientation besides heterosexual, per Gallup

7.6% of adults in the U.S. now identify as lesbian, gay, bisexual, transgender or another sexual orientation besides heterosexual, per Gallup. The current figure is up from 5.6% four years ago and 3.5% in 2012, Gallup’s first year of measuring sexual orientation and transgender identity.

The ‘Magnificent Seven’ stocks are actually undervalued vs. the rest of the market, JPMorgan, $JPM, has said

The ‘Magnificent Seven’ stocks are actually undervalued vs. the rest of the market, JPMorgan, $JPM, has said per MW. In their analysis, JPMorgan's analysts pointed out that while the top tech companies, known as the Magnificent Seven, are currently trading at high absolute prices, they are actually trading

Americans’ feeling of financial insecurity is at a record

Americans’ feeling of financial insecurity is at a record, per Northwestern Mutual. The 2024 Planning & Progress Study revealed a concerning trend in Americans' financial security, with 33% of adults reporting feeling financially insecure, up from 27% last year. This increase, driven by worries about inflation, marks the highest

Mark Spitznagel says he the stock market to rally further before we hit the "worst crash since 1929"

Mark Spitznagel says he the stock market to rally further before we hit the "worst crash since 1929," per BI. Spitznagel is known on Wall Street for his bearish outlook, particularly highlighting concerns about the potential bursting of the largest-ever debt "bubble," although he does not

75% of the jobs the U.S. economy added last year were in just three sectors: government, healthcare and hotels and restaurants

75% of the jobs the U.S. economy added last year were in just three sectors: government, healthcare and hotels and restaurants, per MW. While the January employment data initially indicated a broadening of sectors intensifying their hiring efforts, February saw a return to the norm, with healthcare and government

The ethereum, $ETH, foundation is under investigation by a "state authority"

The ethereum, $ETH, foundation is under investigation by a "state authority", per CoinDesk. According to a GitHub commit dated February 26, 2024, the Ethereum Foundation revealed that it had received a voluntary inquiry from a state authority, accompanied by a strict requirement for confidentiality. The specific nature of

The US has announced an $8.5 billion preliminary agreement with Intel, the largest CHIPS investment yet

The US has announced an $8.5 billion preliminary agreement with Intel, the largest CHIPS investment yet. It will take a considerable amount of time for new manufacturing projects to become operational, and there are existing environmental concerns about the availability of water in Arizona to sustain chip manufacturing in

47% of parents still financially support adult children, per CNBC

47% of parents still financially support adult children, per CNBC. These parents are shelling out $1,384 a month, on average. Millennials and Generation Z face unique financial challenges, including lower wages adjusted for inflation compared to their parents' earnings at the same age and higher student loan debt.

Elon Musk has said: AI will probably be smarter than any single human next year. By 2029, AI is probably smarter than all humans combined

Elon Musk has said: AI will probably be smarter than any single human next year. By 2029, AI is probably smarter than all humans combined. LeCun, Meta's chief AI scientist and often regarded as one of the "godfathers of AI," rebutted Musk's argument and

El Salvador says it’s sitting on an $84 million profit after bitcoin’s record-breaking run

El Salvador says it’s sitting on an $84 million profit after bitcoin’s record-breaking run. ChatGPTChatGPT El Salvador's President, Nayib Bukele, shared a chart on X (formerly Twitter) late Monday, illustrating the country's significant profit from its bitcoin investment since 2021: The chart, sourced from

France is preparing a military contingent of 2,000 troops to be sent to Ukraine, Director of the Russian Foreign Intelligence Service Sergey Naryshkin said

France is preparing a military contingent of 2,000 troops to be sent to Ukraine, Director of the Russian Foreign Intelligence Service Sergey Naryshkin said. Director of the Russian Foreign Intelligence Service (SVR) Sergey Naryshkin has stated that Russia has information indicating that France is preparing a military contingent of

Google, $GOOGL, has reportedly ‘interfered’ with elections 41 times over the last 16 years, Media Research Center has said

According to a report from a media watchdog with right-leaning views, Google has allegedly been biased towards Democratic candidates in the past four presidential election cycles, censoring Republicans in the process. The Media Research Center (MRC) released a report documenting 41 instances of what they call "election interference"

Argentines are reportedly buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars

Argentines are reportedly buying Bitcoin to protect themselves from 276% inflation instead of rushing to exchange pesos for dollars. Argentinians are turning to Bitcoin as a hedge against the country's staggering 276% inflation rate, a shift from the traditional strategy of exchanging pesos for dollars that has long

The US Supreme Court has allowed Texas to start arresting and deporting people who enter the country illegally, refusing to block a new law that the Biden administration says will be an unprecedented intrusion on federal power to set immigration policy

The US Supreme Court has allowed Texas to start arresting and deporting people who enter the country illegally, refusing to block a new law that the Biden administration says will be an unprecedented intrusion on federal power to set immigration policy. The US Supreme Court has allowed Texas to begin

The mortgage 'lock-in' effect is here to stay and home prices won't fall for years to come

The mortgage 'lock-in' effect is here to stay and home prices won't fall for years to come, per Capital Economics. Capital Economics suggests that the frozen state of the US housing market may persist for several years. Following the housing boom during the pandemic, factors such

The American Dream now costs $3,455,305—that's the estimated lifetime cost of common milestones including marriage, two children, homes, healthcare, cars, and education

The American Dream now costs $3,455,305—that's the estimated lifetime cost of common milestones including marriage, two children, homes, healthcare, cars, and education, per Investopedia. A recent report from the National Association of Realtors and Realtor.com highlights the alarming state of the US housing market,