Author: FX

The liquidators of Alameda Research continue to encounter obstacles in their efforts to recover funds for creditors. Crypto analytics firm Arkham disclosed on Twitter that the liquidators lost $72,000 worth of digital assets on the decentralized finance (DeFi) lending platform Aave while trying to consolidate funds into a single multisignature wallet. The liquidators were attempting to close a borrow position on Aave but instead removed extra collateral used for the position, putting the assets at risk of liquidation. Arkham reported that over nine days, the loan was liquidated twice for a total of 4.05 Wrapped (WBTC), which creditors will now…

JHVEPhoto/iStock Editorial via Getty Images Update 5:55pm on Jan. 14: Adds Standard General comment. Standard General sent a letter to Sen. Elizabeth Warren (D-MA) seeking to meet regarding her comments on the Tegna (NYSE:TGNA) deal. The letter comes after Warren sent a letter Wednesday to the Federal Communications Commission asking the agency to block Standard General’s acquisition of Tegna. News of the letter sent Tegna shares down 3.3% on Thursday and they ticked lower 0.7% on Friday. “We appreciate Sen. Warren’s concerns and are confident that through our binding commitments and the fundamentals of this transaction we have more than…

4/4 © Reuters. A road sign is seen next to a country highway on agricultural land amid flooding from the Salinas River, in Salinas, California, U.S., January 13, 2023. REUTERS/David Swanson 2/4 By Daniel Trotta (Reuters) – California’s parade of atmospheric rivers may be nearing an end but not before at least two more of the rainstorms are due to drench the waterlogged state starting on Saturday, forecasters said. A series of atmospheric rivers rarely seen in such frequent succession has pounded the state since Dec. 26, killing at least 19 people and bringing floods, power outages, mudslides, evacuations and…

Maksim Luzgin/iStock via Getty Images The market for type 2 diabetes (T2D) drugs is set to explode, reaching $136.2B in 2029, according to a new report from GlobalData. For comparison, the market was $45.9B in 2019. The data and analytics firm predicts that the market will grow at a compound annual growth rate of 11.5%. Growth will be generated by the introduction of new blockbuster drugs in the coming years as well as more patients diagnosed with T2D in major markets. GlobalData’s new report, Type 2 Diabetes Market Size and Trends, mentions Novo Nordisk’s (NVO) once weekly insulin isodec, a…

DieterMeyrl The S&P Materials sector closed this week at +4.29%, and the Materials Select Sector SPDR ETF (XLB) +4.26%. Gold prices (XAUUSD:CUR) on Friday posted their first settlement above $1,900/oz since April, extending previous gains sparked by signs of cooling U.S. inflation in the December consumer price index. Front-month Comex gold for January delivery settled +1.2% and +2.9% for the week to $1,918.40/oz, its fourth consecutive weekly gain. Front-month Comex silver (XAGUSD:CUR) closed +1.5% Friday and +1.7% for the week at $24.231/oz. Copper prices (HG1:COM) on the London Metals Exchange pushed past $9K/metric ton Wednesday for the first time since…

© Reuters. FILE PHOTO: Alireza Akbari, Iran’s former deputy defence minister, speaks during an interview with Khabaronline in Tehran, Iran, in this undated picture obtained on January 12, 2023. Khabaronline/WANA (West Asia News Agency)/Handout via REUTERS DUBAI/LONDON (Reuters) – Iran has executed a British-Iranian national who once served as its deputy defence minister, its judiciary said, defying calls from London and Washington for his release after he was handed the death sentence on charges of spying for Britain. Britain, which had declared the case against Alireza Akbari politically motivated, condemned the execution, with Prime Minister Rishi Sunak calling it “a…

USD/JPY ANALYSISAll eyes on BoJ with regards to YCC and potential for future interest rate hikes.USD/JPY hits 7-month lows with developing ‘death cross’ possibly hinting at further downside. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL FORECAST: MIXEDThe Japanese Yen ended last week on the front foot from both USD weakness driven by softening inflation in the U.S. as well as market hopefulness around a more aggressive Bank of Japan (BoJ). Next week kicks off the major focal point for USD/JPY with the BoJ’s interest rate decision (see economic calendar below) scheduled on Wednesday. Trade Smarter…

Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices. But the gold rush for miners in Canada may be slowing down. In early December, the province of Manitoba — rich in hydroelectric resources — enacted an 18-month moratorium on new mining projects. A…

Charley Gallay/Getty Images Entertainment Netflix (NASDAQ:NFLX) is still drawing heavy viewing ratings from a holiday original hit, while HBO Max (NASDAQ:WBD) had its most productive week yet, still getting some mileage out of its acquired series and movies as well. Addams Family tie-in Wednesday (NFLX) repeated in its position atop Nielsen’s most recent weekly streaming ratings (for Dec. 12-18), proving itself as the latest of the streaming pioneer’s original shows to log heavy viewing. The show streamed 2.157B minutes for the period, and over four weeks of release has hit 16.8B minutes, the second-highest total over that span for a…

Bitcoin began to spring to life on Thursday and has gone straight-vertical since as risk assets globally spike. The high was $21,292 where it ran into some sellers just ahead of the November high. Last was $20,812, up $1001 on the day.I take this as not-only a good sign for crypto but for risk assets in general. That said, there are warning signs here as well with seven straight days of gains and meme stocks running. It seems that whenever the Fed cracks the door open an inch, a flood of money comes back in. Perhaps that’s a sign that…