Citadel-Backed EDX Taps Anchorage to Custody Crypto (Bloomberg)
EDX Markets, the crypto exchange backed by Charles Schwab and Citadel Securities, is moving ahead with Anchorage Digital as its custodial partner. The crypto exchange, which went live to clients this year, said the partnership would allow EDX to settle trades matched on their exchange through its own clearinghouse business. That clearing business is slated to go live next month, according to Chief Executive Officer Jamil Nazarali.
Tesla: Henri Blomster’s Favourite Stock (Hedge Nordic)
Stockholm (HedgeNordic) – For over twenty years, Finnish stock picker Ernst Grönblom has been running a high-conviction strategy aimed at finding the superstar companies of tomorrow, having made successful early investments in Amazon, PayPal, and Facebook. Henri Blomster, Grönblom’s co-portfolio manager running concentrated equity fund Asilo Argo, has his own favourite superstar company of the future, electric car manufacturer Tesla. However, Blomster’s interest in Tesla extends beyond its car-making business.
Struggling Yuan could Trigger Next Financial Crisis, Says Hedge Fund EDL (Hedge Week)
The fall in the value of China’s yuan could be the trigger for the next big financial crisis, according to a report by Reuters citing EDL Capital, the Swiss-based macro hedge fund firm run by Edouard de Langlade. EDL Capital has identified the slide in the yuan’s value as the next potential “black swan event” for global markets and according to a recent investor presentation seen by Reuters, is betting on further falls in China’s offshore currency.
Monday 8/21 Insider Buying Report: HIPO, WSC (Nasdaq.com)
At Hippo Holdings, a filing with the SEC revealed that on Wednesday, John Drake Nichols purchased 20,427 shares of HIPO, at a cost of $10.24 each, for a total investment of $209,210. Hippo Holdings is trading off about 4.1% on the day Monday. And on Thursday, Chief Executive Officer Bradley Lee Soultz purchased $203,548 worth of WillScot Mobile Mini Holdings, purchasing 5,000 shares at a cost of $40.71 each. Before this latest buy, Soultz purchased WSC at 3 other times during the past twelve months, for a total investment of $709,824 at an average of $47.32 per share. WillScot Mobile Mini Holdings is trading trading flat on the day Monday. Soultz was up about 4.6% on the purchase at the high point of today’s trading session, with WSC trading as high as $42.60 in trading on Monday.
Around $15M Bet On Taysha Gene Therapies? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying (Benzinga)
Taysha Gene Therapies: The Trade: Taysha Gene Therapies, Inc. (TSHA) 10% owner Paul Manning acquired a total of 16,466,667 shares an average price of $0.90. To acquire these shares, it cost around $14.82 million. The company’s other executives also purchased the company’s shares. Amarin: The Trade: Amarin Corporation PLC (AMRN) President and CEO Patrick Holt acquired a total of 300,000 shares at an average price of $1.04. The insider spent around $312,315.
