Citadel Securities-Backed Crypto Exchange EDX Drops Paxos for Anchorage (Bloomberg)
EDX Markets, a recently launched crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets and Charles Schwab Corp., has dropped its plan to use Paxos as a custodian and is now in final talks with Anchorage Digital about a new partnership, according to people familiar with the matter. EDX Markets’ earlier pact with Paxos, a blockchain company known for issuing a Binance-branded stablecoin, is no longer active, the people said.
North Raleigh Apartments Net $80M in Sale Between NY Firms (BizJournals)
More multifamily investment is happening along the busy Creedmoor Road corridor, this time attracting a New York hedge fund. An apartment community in North Raleigh sold for $80 million in a sale between two New York firms. Two Sigma Real Estate, a private real estate investment arm of the hedge fund Two Sigma, acquired the Stonehenge Apartments for about $177,000 per unit on June 20 from Investcorp International Realty Inc., an investment bank, according to Wake County deed records. The apartments at 7303 Hihenge Court sit directly behind the Harris Teeter-anchored Stonehenge Market shopping center on Creedmoor Road, giving residents walkable access to shopping, restaurants and retail services. Whether upgrades or improvements will be made to the property is unclear as Two Sigma Real Estate declined to comment on the purchase.
Billionaire Hedge Fund Managers go Hollywood in ‘Dumb Money’ (The Sydney Morning Herald)
If you were to ask billionaire Steve Cohen how he’d be immortalised by Hollywood, it would probably be sitting in front of Damien Hirst’s shark-in-formaldehyde tank, thinking up ways to make money and slamming his rivals. That’s what’s happening in a script for Dumb Money, a comedy slated for a September release based on Ben Mezrich’s book about the GameStop saga. Law & Order’s Vincent D’Onofrio plays Cohen, who, alongside Ken Griffin, infused Gabe Plotkin’s Melvin Capital with billions after retail traders brutally squeezed his short position.
Tuesday 6/27 Insider Buying Report: AXON, MDXG (Nasdaq.com)
On Friday, Axon Enterprise’s, Hadi Partovi, made a $4.78M purchase of AXON, buying 25,000 shares at a cost of $191.10 each. Partovi was up about 2.3% on the buy at the high point of today’s trading session, with AXON trading as high as $195.43 at last check today. Axon Enterprise is trading up about 2.8% on the day Tuesday. Before this latest buy, Partovi purchased AXON at 2 other times during the past twelve months, for a total cost of $3.91M at an average of $195.38 per share. And at MiMedx Group, there was insider buying on Friday, by Chief Executive Officer Joseph H. Capper who bought 100,000 shares for a cost of $6.40 each, for a trade totaling $640,434. MiMedx Group is trading up about 1.3% on the day Tuesday. Capper was up about 6.1% on the buy at the high point of today’s trading session, with MDXG trading as high as $6.79 at last check today.
Around $8.5M Bet On Eagle Bulk Shipping? Check Out These 4 Stocks Insiders Are Buying (Benzinga)
Eagle Bulk Shipping: The Trade: Eagle Bulk Shipping Inc. (EGLE) 10% owner Danaos Corp acquired a total of 181,422 shares an average price of $47.28. To acquire these shares, it cost around $8.58 million. Howard Hughes: The Trade: The Howard Hughes Corporation (HHC) Director William Ackman acquired a total of 62,498 shares at an average price of $74.80. To acquire these shares, it cost around $4.67 million.
