Unusual Whales

Binance to likely exit Canada

Binance to likely exit Canada, per CoinDesk. This is after CoinDesk reported that Coinbase is considering, and discussing, with regulators to stay in Canada. Coinbase’s communications director said, “We remain as committed as ever to the Canadian market as a core component of our international road map.” Binance said:

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. "The expectation is that this will reduce costs... promote even greater bilateral trade and facilitate investment," the Brazilian Trade and Investment Promotion Agency (ApexBrasil) said. China is Brazil&

Elon Musk and others call for a pause in AI research

Elon Musk and others call for a pause in AI research. They said: AI systems with human-competitive intelligence can pose profound risks to society and humanity. "...recent months have seen AI labs locked in an out-of-control race to develop and deploy ever more powerful digital minds that no one

Italy’s government introduced a draft law that, if approved, will ban the production and sale of cultivated food

Italy’s government introduced a draft law that, if approved, will ban the production and sale of cultivated food, per Bloomberg. Per Bloomberg: Cultivated, or cell-based, meat is created by harvesting cells from live animals and providing them with nutrients so they’ll grow in bioreactors and then taking additional

Senator Krysten Sinema says, "It's gravely concerning that retail participants, literally everyday people, were able to figure out something was wrong with Silicon Valley Bank, before regulators took action."

Senator Krysten Sinema says, "It's gravely concerning that retail participants, literally everyday people, were able to figure out something was wrong with Silicon Valley Bank, before regulators took action." See full video: https://twitter.com/unusual_whales/status/1641027670954713088 She also notes the original reporting by

Nasdaq 100 rises 20% from its December low to enter a technical definition of a bull market

Nasdaq 100 rises 20% from its December low to enter a technical defintion of a bull market, per Bloomberg. On Dec 28 was the low. Now is the current year high for the Nasdaq 100. Numerous analysts have provided other predications, however. For example: The founder of "The Bear

Credit Suisse, CS, whistleblowers say it has been helping wealthy Americans avoid paying US taxes

Credit Suisse, CS, whistleblowers say it has been helping wealthy Americans avoid paying US taxes, per CNBC. The Senate Finance Committee aid it had uncovered "major violations" of the 2014 agreement between the Swiss lender and the U.S. Department of Justice (DoJ) for enabling tax evasion. Wyden

Gen X has the highest average credit card debt of any generation group

Gen X has the highest average credit card debt of any generation group, estimated to be $8,266, per Bloomberg. Gen Z had an average credit card debt of $2,781 in Q4 of 2022, marking a 5.90% jump from the three months through May, the biggest increase compared

The minimum expectation for tips has risen from 15% to 20%, it seems, with 18% as the bare minimum for decent service

The minimum expectation for tips has risen from 15% to 20%, it seems, with 18% as the bare minimum for decent service, per Bloomberg. See their full article: The verdict is in: 25 is the new 15. To be sure, much can be said about the shift from employers to

Sam Bankman-Fried has been paying legal fees from a multi-million dollar gift he gave his father with money borrowed from FTX’s sister company, Alameda Research, in 2021

Sam Bankman-Fried has been paying legal fees from a multi-million dollar gift he gave his father with money borrowed from FTX’s sister company, Alameda Research, in 2021, per Forbes. The report alleged that Bankman-Fried secured at least $10 million via a loan from Alameda Research and gave the money

Reparations for Black Californians could top $800 billion, 2.5 times the state's annual budget

Reparations for Black Californians could top $800 billion, 2.5 times the state's annual budget, per NBC. California is weighing on $360,000 in reparations to eligible black residents, per Bloomberg. One of the models under consideration suggests the state would owe a total of almost $640 billion

Saudi Arabia has joined a China-led security bloc and trade alliance with China, Russia, India, Pakistan and others

Saudi Arabia has joined a China-led security bloc and trade alliance with China, Russia, India, Pakistan and others, per CNBC. Saudi Arabia’s cabinet on Tuesday approved a memorandum awarding Riyadh the status of dialogue partner in the Shanghai Cooperation Organization. The SCO is a political, security and trade alliance

Russia has said that it will no longer give the United States advance notice of its missile tests

Russia has said that it will no longer give the United States advance notice of its missile tests, per PBS. Deputy Foreign Minister Sergei Ryabkov said in remarks carried by Russian news agencies that Moscow has halted all information exchanges with Washington. Recently, Russia and China say there can be

China

China completes the first LNG trade (worth 65,000 tonnes) settled in Yuan

Per Global Times China's state tabloid, the Global Times, has recently published a piece announcing the success of the first-ever LNG trade that was settled in Chinese yuan. The cross-border trade involved 65,000 tonnes of LNG sourced from the United Arab Emirates. For the transaction to take

google

Google partners with Replit to potentially create an AI-powered GitHub competitor

Per Tech Radar Although Google didn't have much success with the launch of its Bard AI due to misinformation, the company is now finding other ways to compete. Now, the company is partnering with Replit to combine artificial intelligence with the startup's software to create an

goldman sachs

Goldman Sachs believes 300 million full-time jobs could be impacted by AI platforms like ChatGPT

Per CNN There has been growing talk of fears over artificial intelligence potentially replacing many jobs humans used to do. Goldman Sachs economists have released their estimates, saying up to 300 million full-time jobs could be affected. To be specific, the firm expects AI to affect up to 300 million

tiktok

Gene Muster: "... I think Meta will come back into the spotlight and have to answer the same questions that TikTok was asked."

Recently, the CEO of TikTok was heavily questioned by the US Congress, and according to Gene Muster, the same fate could happen to Meta should TikTok be banned. He noted that Meta might have to answer the same questions that the TikTok CEO was asked. Munster: "When TikTok gets

kraken

Kraken signs multi-year sponsorship deal with F1 team Williams Racing

Per Coin Telegraph For the first after the whole crypto fiasco with crypto exchanges like FTX going bust, a Formula 1 team is finally opening up again to crypto sponsorships despite the wake of multiple crashes across the market. Williams Racing F1 team has accepted a sponsorship partnership and Web3

JPMorgan’s, $JPM, Jamie Dimon to be deposed in Epstein lawsuits

PMorgan’s, $JPM, Jamie Dimon to be deposed in Epstein lawsuits. Dimon agreed to be interviewed under oath, at an undetermined date in the future, for two civil lawsuits tied to the convicted sex offender Epstein, the source said. Earlier this month, JPMorgan sought to lay any blame from the

Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20% a year since mid-2018, outpacing the S&P 500 Index

Prices for Rolex, Patek Philippe and Audemars Piguet watches appreciated by an average of 20% a year since mid-2018, outpacing the S&P 500 Index, per Bloomberg. The S&P 500 stock index averaged annual returns of 8% from August 2018 to January 2023 while a basket of

Record numbers of young, unmarried couples are moving in together, with a large majority saying they're doing it for money

Record numbers of young, unmarried couples are moving in together, with a large majority saying they're doing it for money, per Bloomberg. Couples are moving In together to save money, but 42% regret it, per Bloomberg. About two-thirds of people who have moved in with their romantic partner

OpenAI CEO Sam Altman said AI could pose economic shocks or disinformation problems "at a level far beyond anything we're prepared for"

OpenAI CEO Sam Altman said AI could pose economic shocks or disinformation problems "at a level far beyond anything we're prepared for." Sam Altman, the co-founder of OpenAI and acting CEO, has also admitted that he was "a little scared" of ChatGPT, the company&

Apple, AAPL, will introduce Apple Pay Later

Apple, $AAPL, will introduce Apple Pay Later. Per their press release: Apple today introduced Apple Pay Later in the U.S. Designed with users’ financial health in mind, Apple Pay Later1 allows users to split purchases into four payments, spread over six weeks with no interest and no fees.2

sbf

Sam Bankman-Fried is charged with paying $40 million in bribes to at least one Chinese gov't official

Per NBC News Sam Bankman-Fried faces multiple charges related to the collapse of the now-bankrupt FTX. The latest charge is bribery, with the accusations saying he paid $40 million to at least one Chinese gov't official. Indictment documents accused SBF of successfully bribing a Chinese government official in

real estate

Cash buyers for homes rose closer to 2013 heights

Per Bloomberg The number of buyers in the US that prefer to pay in cash has increased to higher levels, closer to its 2013 numbers. Per Attom, a real estate data analytics firm, there was a retreat in institutional buyers and more regular buyers trying to avoid mortgage rates by