OPNX Exchange Touted by Three Arrows Founders Bids for Ailing Crypto Lender Hodlnaut (The Financial Express)
A digital-asset exchange linked to the founders of failed hedge fund Three Arrows Capital is seeking to take control of ailing crypto lender Hodlnaut, whose restructuring is being overseen by a court in Singapore. The exchange, OPNX, has offered to inject the equivalent of $30 million in FLEX digital tokens into Hodlnaut to fund a partial creditor payout to finalize claims, according to a person familiar with the matter who asked not to be identified discussing private information, and a term sheet seen by Bloomberg News.
Aussie Short Sellers are Going Where This Wall Street Icon Won’t (AFR.com)
Dan Loeb says meme stock mania has made shorting single companies too risky. But Australian short sellers see it differently. Wall Street titan Dan Loeb goes by many titles: hedge fund legend, famed activist investor and generous philanthropist. But it seems the founder and chief investment officer of $US25 billion ($38 billion) investment giant Third Point is set to scratch one title off his resume: feared short seller. In his latest letter to investors, Loeb declares the environment for short selling is “much more challenging than it has been historically” because of the army of retail traders who are buying into struggling companies en masse and squeezing their share prices higher. These so-called meme stocks are often the subject of much discussion on social media.
$5,500,000,000,000 in Cash Waiting To Be Pulled In To Stock Market, Says Fundstrat’s Tom Lee (The Daily Hodl)
Hedge fund veteran Tom Lee remains bullish on the stock market despite its corrective moves to start the month of August. In a new CNBC interview, the Fundstrat Global Advisors’ managing partner says this his company believes that equities are likely in the process of carving a bottom for the month. Lee says that a few macro factors are starting to look favorable for the stock market. “I think there are some constructive things that happened (on Friday) that make myself and Mark Newton, our head of technical strategy, think we’re actually in a bottoming possibly for the month of August.
Over $20M Bet On This US Energy Giant? Check Out These 3 Stocks Insiders Are Buying (Benzinga)
Exxon Mobil: The Trade: Exxon Mobil Corporation (XOM) Director Jeffrey W Ubben acquired a total of 192,000 shares at an average price of $106.44. To acquire these shares, it cost around $20.44 million. Crocs: The Trade: Crocs Inc. (CROX) Director Thomas Smach acquired a total of 10,000 shares an average price of $105.85. To acquire these shares, it cost around $1.06 million. The company’s other Director Douglas Treff also bought the company’s shares.
Insiders Buy the Holdings of DHS ETF (Nasdaq.com)
A look at the weighted underlying holdings of the WisdomTree U.S. High Dividend Fund (DHS) shows an impressive 10.1% of holdings on a weighted basis have experienced insider buying within the past six months. Citizens Financial Group Inc (Symbol: CFG), which makes up 0.33% of the WisdomTree U.S. High Dividend Fund (DHS), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $3,836,219 worth of CFG, making it the #57 largest holding.
