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Musk: Teslas electric semi-truck will begin mass production this year.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.February 9th - Goldman Sachs trading arm stated that after a rebound in U.S. stocks last Friday, almost recovering the weeks brutal losses, this week will face further selling pressure from trend-following algorithmic funds. The S&P 500 has broken through a short-term trigger point, prompting commodity trading advisors (CTAs) to sell stocks. Goldman Sachs expects these systematic strategies, which track stock market movements rather than fundamental factors, to remain net sellers in the coming week, regardless of market direction. Goldman Sachs stated that if the stock market falls again, it could trigger approximately $33 billion in selling this week. If market pressure persists and the S&P 500 falls below 6707 points, there could be as much as $80 billion in systemic selling over the next month. In a stable market environment, CTAs are expected to sell approximately $15.4 billion in U.S. stocks this week, and even if the stock market rises, these funds are still expected to sell approximately $8.7 billion.US President Trump: The US election is full of fraud and theft, and has become a laughing stock around the world.Market news: Multiple explosions were heard in Kyiv, the capital of Ukraine.

Crypto Exchange Binance.US Valued at $4.5 Billion in First External Funding Round

Cory Russell

Apr 07, 2022 10:23


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Binance.US, a cryptocurrency exchange, said on Wednesday that it has secured more than $200 million in a seed fundraising round, valued at $4.5 billion pre-money.


BAM Trading Services, the U.S. partner of Binance, the world's largest crypto exchange by trading volume, launched the firm in 2019. Although there is a license agreement between Binance.US and Binance, the two companies are independent legal organizations.


RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures were among the investors in Binance.first US's external investment round, according to the company.


The cash will be used to invest in its spot trading platform as well as the development of new goods and services, according to the company.


Following Russia's invasion of Ukraine last month, Binance rejected demands for a blanket ban on all Russian users.


The Ukrainian government was irritated by its choice last month to remain in Russia, which was a departure from major financial corporations such as PayPal Holdings Ltd and Visa Inc.


Binance has also been attempting to strengthen ties with the UAE, which is attempting to position itself as the world's new digital asset powerhouse.


Regulators across the world continue to lash out at the crypto business, fearful that a crisis in crypto assets, which are perceived as extremely volatile and opaque, could spill over into the broader financial sector, prompting a worldwide drive for additional regulation.

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