Profile - To The Moon

Skoinonm8

What’s going on m8?

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- Skoinonm8Skoinonm8
  ·2023-03-28
  Deutsche is such a risky stock
  Deutsche Bank $42 Trillion Derivatives Book: A Snowflake Away From Financial Meltdown?
  SummaryInvestors are fearful Deutsche Bank is the next domino to fall.DB is a picture of rude health
  Deutsche Bank $42 Trillion Derivatives Book: A Snowflake Away From Financial Meltdown?
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- Skoinonm8Skoinonm8
  ·2021-09-24
  Hedgiesss we r coming
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- Skoinonm8Skoinonm8
  ·2021-09-24
  $GameStop(GME)$Gmeeeee to the mooon
  331 Comment
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- Skoinonm8Skoinonm8
  ·2021-09-22
  Hodl till victory
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- Skoinonm8Skoinonm8
  ·2021-09-21
  Ready to moon
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- Skoinonm8Skoinonm8
  ·2021-09-21
  GME TO THE MOON
  Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%
  (Sept 21) Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%.
  Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%
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- Skoinonm8Skoinonm8
  ·2021-09-15
  Gme to the moonnnn n.
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- Skoinonm8Skoinonm8
  ·2021-06-24
  Gme to the moon?!
  Microsoft Status in House Antitrust Push Sparks Lawmaker Clash
  (Bloomberg) -- Lawmakers clashed Wednesday over whether Microsoft Corp. would be included in a packa
  Microsoft Status in House Antitrust Push Sparks Lawmaker Clash
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- Skoinonm8Skoinonm8
  ·2021-06-24
  GME TO THE MOON
  SEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie
  The United States Securities and Exchange Commission (SEC) delayed its decision on yet another Bitco
  SEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie
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- Skoinonm8Skoinonm8
  ·2021-06-24
  To the moonnnnn
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is such a risky stock","listText":"Deutsche is such a risky stock","text":"Deutsche is such a risky stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941315924","repostId":"1181502388","repostType":2,"repost":{"id":"1181502388","kind":"news","pubTimestamp":1679961575,"share":"https://ttm.financial/m/news/1181502388?lang=&edition=fundamental","pubTime":"2023-03-28 07:59","market":"us","language":"en","title":"Deutsche Bank $42 Trillion Derivatives Book: A Snowflake Away From Financial Meltdown?","url":"https://stock-news.laohu8.com/highlight/detail?id=1181502388","media":"Seeking Alpha","summary":"SummaryInvestors are fearful Deutsche Bank is the next domino to fall.DB is a picture of rude health","content":"<html><head></head><body><h2>Summary</h2><ul><li>Investors are fearful Deutsche Bank is the next domino to fall.</li><li>DB is a picture of rude health coming into this banking crisis.</li><li>Some point to worries around its EUR42 trillion derivatives book.</li><li>I believe the fears over the derivatives exposures are way overblown.</li><li>However, loss of confidence may trigger a self-fulfilling prophecy.</li></ul><p><img src=\"https://static.tigerbbs.com/951f08647cf8299459183df05d33c7ee\" tg-width=\"750\" tg-height=\"513\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Deutsche Bank&#39;s (NYSE:DB) share price has fallen sharply in the last trading sessions as financial contagion fears continued in the wake of the collapse of Credit Suisse (CS). There is clearly a lot of nervousness in themarket and it seems that no one is really sure what is driving the fears surrounding Deutsche Bank specifically. Someattributethis to its legacy reputation as the sick bank of Europe; others are worried about concerns around its Commercial Real Estate portfolio in the United States.</p><p>Bloombergreportsthat Autonomous Research cited DB&#39;s large notional derivative book currently at EUR42 trillion as a key concern for investors.</p><p>As far as I know, DB is in a very healthy state, and on the face of it, these concerns are misplaced. This is very different from the death tailspin CS found itself in after slow death by athousand cuts over many years.</p><p>The risk, however, is that the unsubstantiated fears around DB become a self-fulfilling prophecy that could drive up its cost of funds in the Investment Bank. As a result of this, I took steps to manage the risk in my position even though I remain bullish when it comes to DB stock.</p><p>In this article, however, I would like to focus on the fears surrounding itslarge derivative bookand why the concerns are way overblown in this instance.</p><h2>DB Derivative Book</h2><p>DB discloses the details of its derivative book.</p><p><img src=\"https://static.tigerbbs.com/48e2d20ca82ad02703bee454bbdb723f\" tg-width=\"640\" tg-height=\"577\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>DB 2022 Annual Report</p><p>As you can see, the total notional derivative exposure of DB is a staggering EUR42 trillion. This is what some investors are concerned about, surely, DB is a snowflake away from a financial meltdown, right?</p><p>Well, not quite.</p><p>To start with the reported number is a notional amount of the derivative contract as opposed to actual exposure. This is best explained as an example.</p><p>Say one of DB&#39;s large corporate clients is requiring an interest rate swap (&#34;IRS&#34;) to protect themselves from rising interest rates on a $1 billion loan. The IRS terms reflect a swap of say LIBOR +100 basis points to a fixed rate of 6%. In such a scenario, DB would be purchasing an identical $1 billion IRS from another banking counterparty (say, JPMorgan).</p><p>So from DB&#39;s perspective, it likely earned a margin or fee on the transaction. It has no interest rate exposure or market risk either as it is fully hedged. However, for the purpose of calculating its gross derivative exposures (towards the 42 trillion figure), it would count as a $2 billion notional exposure.</p><p>This is the key reason why these notional derivatives exposures are so large. These are just notional contract figures and nowhere near the actual exposure. Furthermore, DB carefully manages its book which is mostly hedged for market risk (as well as counterparty risk).</p><p>On an overall portfolio basis, DB would not be 100% hedged of course. This could be due to other unrelated positions (for example, hedging its liquidity securities portfolio). As of 31st December, DB has total positive marks of EUR301 billion and total negative marks of EUR283 billion and therefore a total gain of ~EUR18 billion on its derivatives portfolio as of 31st December 2022.</p><p>Okay, so now we are clear that DB&#39;s market risk is predominantly hedged as described above - but what about counterparty default risk?</p><h2>Counterparty Default Risk</h2><p>The obvious next question is what happens if a large counterparty such as Credit Suisse or JPMorgan (JPM) defaults?</p><p>Firstly, it is important to note that any derivatives that are exchange-traded or cleared by a central party do not pose credit risks. However, as can be seen from above, most of DB&#39;s derivatives exposures are Over-The-Counter (&#34;OTC&#34;) derivatives and therefore exposed to counterparty default risk.</p><p>As such, the industry practice is to enter contracts based on master agreements for derivatives such asthe International Swaps and Derivatives Association, Inc. (&#34;ISDA&#34;) master agreement. The master agreement allows for close-out nettings of all rights and obligations with a counterparty upon the counterparty&#39;s default.</p><p>So as an example, if a counterparty (such as CS) defaults then all outstanding derivatives contracts with that counterparty are settled on a net basis on the default date. As such, banks like DB monitor specific counterparty risks daily and ensure that their total exposure (netting) to a particular counterparty is within predefined risk limits. This is a key reason why counterparties reduced their trading with CS prior to its being acquired by UBS (UBS) which contributed to its downfall.</p><p>Another common way for banks to reduce their counterparty risk is to enter into what is known as credit support annexes (CSAs) to master agreements. These are effectively a form of margin calls and require the counterparty to post collateral when there is an unrealized loss beyond a certain level.</p><p>The impact of nettings and collateral posted under ISDA is incorporated in the RWAs and capital allocated for counterparty risk across the bank as can be seen from the below disclosure in the 2022 annual report:</p><p><img src=\"https://static.tigerbbs.com/2c88ac7b683292fe59f704f6e7e27fad\" tg-width=\"640\" tg-height=\"191\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>DB 2022 Annual Report</p><p>So in summary, both market and counterparty risks arising from DB are well managed and an appropriate amount of capital is allocated for any residual risks.</p><h2>Final Thoughts</h2><p>Investors in banks are clearly very nervous given the crisis of confidence in the U.S. and European banking markets in recent weeks. In the wake of the collapse of CS, investors are looking for the next domino piece to fall. Given its chequered history and past reputation for being the sick bank of Europe, the focus has now quite naturally switched to DB. Mr. Market is shooting first and then asking questions. The risk remains, of course, that this becomes a self-fulfilling prophecy even though DB appears to be a picture of rude health coming into this crisis.</p><p>The EUR42 trillion derivative book notional exposure is certainly a very large number that perhaps scares some investors. My conclusion is clear, the actual market and/or counterparty risks are very limited and strictly managed. In my view, the risk of the derivatives book imploding is very low.</p><p>However, out of an abundance of caution, I have managed my risk exposure to DB stock in the short term. Although, I intend to put back the risk position once I am clear that the self-fulfilling prophecy scenario is unlikely to play out.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Deutsche Bank $42 Trillion Derivatives Book: A Snowflake Away From Financial Meltdown?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDeutsche Bank $42 Trillion Derivatives Book: A Snowflake Away From Financial Meltdown?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-28 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4590218-deutsche-bank-42-trillion-derivatives-fears-over-exposures-way-overblown><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryInvestors are fearful Deutsche Bank is the next domino to fall.DB is a picture of rude health coming into this banking crisis.Some point to worries around its EUR42 trillion derivatives book.I ...</p>\n\n<a href=\"https://seekingalpha.com/article/4590218-deutsche-bank-42-trillion-derivatives-fears-over-exposures-way-overblown\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://seekingalpha.com/article/4590218-deutsche-bank-42-trillion-derivatives-fears-over-exposures-way-overblown","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1181502388","content_text":"SummaryInvestors are fearful Deutsche Bank is the next domino to fall.DB is a picture of rude health coming into this banking crisis.Some point to worries around its EUR42 trillion derivatives book.I believe the fears over the derivatives exposures are way overblown.However, loss of confidence may trigger a self-fulfilling prophecy.Deutsche Bank's (NYSE:DB) share price has fallen sharply in the last trading sessions as financial contagion fears continued in the wake of the collapse of Credit Suisse (CS). There is clearly a lot of nervousness in themarket and it seems that no one is really sure what is driving the fears surrounding Deutsche Bank specifically. Someattributethis to its legacy reputation as the sick bank of Europe; others are worried about concerns around its Commercial Real Estate portfolio in the United States.Bloombergreportsthat Autonomous Research cited DB's large notional derivative book currently at EUR42 trillion as a key concern for investors.As far as I know, DB is in a very healthy state, and on the face of it, these concerns are misplaced. This is very different from the death tailspin CS found itself in after slow death by athousand cuts over many years.The risk, however, is that the unsubstantiated fears around DB become a self-fulfilling prophecy that could drive up its cost of funds in the Investment Bank. As a result of this, I took steps to manage the risk in my position even though I remain bullish when it comes to DB stock.In this article, however, I would like to focus on the fears surrounding itslarge derivative bookand why the concerns are way overblown in this instance.DB Derivative BookDB discloses the details of its derivative book.DB 2022 Annual ReportAs you can see, the total notional derivative exposure of DB is a staggering EUR42 trillion. This is what some investors are concerned about, surely, DB is a snowflake away from a financial meltdown, right?Well, not quite.To start with the reported number is a notional amount of the derivative contract as opposed to actual exposure. This is best explained as an example.Say one of DB's large corporate clients is requiring an interest rate swap (\"IRS\") to protect themselves from rising interest rates on a $1 billion loan. The IRS terms reflect a swap of say LIBOR +100 basis points to a fixed rate of 6%. In such a scenario, DB would be purchasing an identical $1 billion IRS from another banking counterparty (say, JPMorgan).So from DB's perspective, it likely earned a margin or fee on the transaction. It has no interest rate exposure or market risk either as it is fully hedged. However, for the purpose of calculating its gross derivative exposures (towards the 42 trillion figure), it would count as a $2 billion notional exposure.This is the key reason why these notional derivatives exposures are so large. These are just notional contract figures and nowhere near the actual exposure. Furthermore, DB carefully manages its book which is mostly hedged for market risk (as well as counterparty risk).On an overall portfolio basis, DB would not be 100% hedged of course. This could be due to other unrelated positions (for example, hedging its liquidity securities portfolio). As of 31st December, DB has total positive marks of EUR301 billion and total negative marks of EUR283 billion and therefore a total gain of ~EUR18 billion on its derivatives portfolio as of 31st December 2022.Okay, so now we are clear that DB's market risk is predominantly hedged as described above - but what about counterparty default risk?Counterparty Default RiskThe obvious next question is what happens if a large counterparty such as Credit Suisse or JPMorgan (JPM) defaults?Firstly, it is important to note that any derivatives that are exchange-traded or cleared by a central party do not pose credit risks. However, as can be seen from above, most of DB's derivatives exposures are Over-The-Counter (\"OTC\") derivatives and therefore exposed to counterparty default risk.As such, the industry practice is to enter contracts based on master agreements for derivatives such asthe International Swaps and Derivatives Association, Inc. (\"ISDA\") master agreement. The master agreement allows for close-out nettings of all rights and obligations with a counterparty upon the counterparty's default.So as an example, if a counterparty (such as CS) defaults then all outstanding derivatives contracts with that counterparty are settled on a net basis on the default date. As such, banks like DB monitor specific counterparty risks daily and ensure that their total exposure (netting) to a particular counterparty is within predefined risk limits. This is a key reason why counterparties reduced their trading with CS prior to its being acquired by UBS (UBS) which contributed to its downfall.Another common way for banks to reduce their counterparty risk is to enter into what is known as credit support annexes (CSAs) to master agreements. These are effectively a form of margin calls and require the counterparty to post collateral when there is an unrealized loss beyond a certain level.The impact of nettings and collateral posted under ISDA is incorporated in the RWAs and capital allocated for counterparty risk across the bank as can be seen from the below disclosure in the 2022 annual report:DB 2022 Annual ReportSo in summary, both market and counterparty risks arising from DB are well managed and an appropriate amount of capital is allocated for any residual risks.Final ThoughtsInvestors in banks are clearly very nervous given the crisis of confidence in the U.S. and European banking markets in recent weeks. In the wake of the collapse of CS, investors are looking for the next domino piece to fall. Given its chequered history and past reputation for being the sick bank of Europe, the focus has now quite naturally switched to DB. Mr. Market is shooting first and then asking questions. The risk remains, of course, that this becomes a self-fulfilling prophecy even though DB appears to be a picture of rude health coming into this crisis.The EUR42 trillion derivative book notional exposure is certainly a very large number that perhaps scares some investors. My conclusion is clear, the actual market and/or counterparty risks are very limited and strictly managed. In my view, the risk of the derivatives book imploding is very low.However, out of an abundance of caution, I have managed my risk exposure to DB stock in the short term. Although, I intend to put back the risk position once I am clear that the self-fulfilling prophecy scenario is unlikely to play out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863445980,"gmtCreate":1632420261740,"gmtModify":1676530778623,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"Hedgiesss we r coming","listText":"Hedgiesss we r coming","text":"Hedgiesss we r 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mooon","images":[{"img":"https://static.tigerbbs.com/b99292e8d37be24f53b9782cb79e3182","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863442796","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":869312091,"gmtCreate":1632244443213,"gmtModify":1676530734094,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"Hodl till victory","listText":"Hodl till victory","text":"Hodl till victory","images":[{"img":"https://static.tigerbbs.com/35a8aa95132c0320518bc7e83e0d92e6","width":"1125","height":"2697"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869312091","isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":860873231,"gmtCreate":1632157510623,"gmtModify":1676530714453,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"Ready to moon","listText":"Ready to moon","text":"Ready to 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MOON","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860873689","repostId":"1124728794","repostType":4,"repost":{"id":"1124728794","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632154404,"share":"https://ttm.financial/m/news/1124728794?lang=&edition=fundamental","pubTime":"2021-09-21 00:13","market":"other","language":"en","title":"Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%","url":"https://stock-news.laohu8.com/highlight/detail?id=1124728794","media":"Tiger Newspress","summary":"(Sept 21)&nbsp;Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%.","content":"<p>(Sept 21)&nbsp;Market sell-off worsens with Dow dropping 650 points, S&amp;P 500 losing 2%.</p>\n<p><img src=\"https://static.tigerbbs.com/b1aff42b5f28f13e23dc15c6bee909d3\" tg-width=\"350\" tg-height=\"130\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-21 00:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 21)&nbsp;Market sell-off worsens with Dow dropping 650 points, S&amp;P 500 losing 2%.</p>\n<p><img src=\"https://static.tigerbbs.com/b1aff42b5f28f13e23dc15c6bee909d3\" tg-width=\"350\" tg-height=\"130\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124728794","content_text":"(Sept 21) Market sell-off worsens with Dow dropping 650 points, S&P 500 losing 2%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882869556,"gmtCreate":1631674915475,"gmtModify":1676530606123,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"Gme to the moonnnn n.&nbsp;","listText":"Gme to the moonnnn n.&nbsp;","text":"Gme to the moonnnn n.","images":[{"img":"https://static.tigerbbs.com/429d19f8076dbd20e6d11f65d272e6f4","width":"1125","height":"2711"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882869556","isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":128388723,"gmtCreate":1624501939762,"gmtModify":1703838545717,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"Gme to the moon?!","listText":"Gme to the moon?!","text":"Gme to the moon?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128388723","repostId":"1164085879","repostType":4,"repost":{"id":"1164085879","kind":"news","pubTimestamp":1624498461,"share":"https://ttm.financial/m/news/1164085879?lang=&edition=fundamental","pubTime":"2021-06-24 09:34","market":"us","language":"en","title":"Microsoft Status in House Antitrust Push Sparks Lawmaker Clash","url":"https://stock-news.laohu8.com/highlight/detail?id=1164085879","media":"Bloomberg","summary":"(Bloomberg) -- Lawmakers clashed Wednesday over whether Microsoft Corp. would be included in a packa","content":"<p>(Bloomberg) -- Lawmakers clashed Wednesday over whether Microsoft Corp. would be included in a package of House antitrust bills aimed at big tech companies, even as the software giant’s valuation hovers around $2 trillion.</p>\n<p>Republicans questioned why the criteria for covered platforms in the legislation appeared tailored to exempt Microsoft. Republican Jim Jordan and other GOP lawmakers said they want to ensure the software giant doesn’t get special treatment.</p>\n<p>Representative Pramila Jayapal of Washington state initially said that while Microsoft exceeds the $600 billion market capitalization threshold laid out in four of the six bills before the Judiciary panel, another criterion about whether the Redmond, Washington-based company is considered a critical trading partner might let it off the hook.</p>\n<p>Jayapal said later in the hearing that she thinks Microsoft would count as a critical trading partner because of its cloud platform.</p>\n<p>“The assumption that Microsoft is not covered is incorrect,” Jayapal said after several lawmakers questioned why the definition in the bills appeared tailored to exclude Microsoft.</p>\n<p>A company has to meet all of the criteria in the four tech-focused bills to be covered, including that it have a market capitalization of at least $600 billion..</p>\n<p>‘Biggest Offenders’</p>\n<p>During the hearing, Republican Representative Thomas Massie of Kentucky challenged his colleagues on the committee to explain why Microsoft wouldn’t fall under the measures.</p>\n<p>“I’m trying to figure out why one of the biggest offenders, of Big Tech, has mysteriously avoided the scrutiny of this committee and this broad swath of bills that seek to radically rewrite our antitrust law,” Massie said, waving a draft of the bill that he said was shared with Microsoft before it was public. “I’m talking about Microsoft.”</p>\n<p>Democrat David Cicilline of Rhode Island, the chair of the antitrust subcommittee that drafted the bills, denied during the hearing that any company has been granted an exception. He said that the bill in question was based on previous legislation introduced in the Senate, so it wouldn’t have been hard to find draft text.</p>\n<p>“There are no exemptions in these bills,” Cicilline said. “No company is exempted, period.”</p>\n<p>A final determination about which companies would be covered by the bills will be made by the Justice Department and the Federal Trade Commission, Cicilline said. “Each of these bills is broadly applicable to firms that meet the definition of a covered platform,” Cicilline said, without saying whether Microsoft would be among them.</p>\n<p>The bills before the Judiciary Committee came out of last year’s investigation of the allegedly anti-competitive practices of Facebook Inc., Apple Inc., Amazon.com Inc. and Alphabet Inc.’s Google. Microsoft, which offers products including Windows, LinkedIn, Office and Teams, wasn’t a target of that investigation.</p>\n<p>The six bills are likely to be approved by the Judiciary Committee, but it’s unclear if they have enough support to pass the House. Their fate is even more uncertain in the Senate, where legislation needs at least 10 Republicans to pass, making it difficult for them to become law as written.</p>\n<p>A proposed amendment offered by Judiciary Chair Jerrold Nadler, a New York Democrat, to narrow the definition of “online platform” for the four tech-focused bills to “mobile operating system,” was undone by another amendment to strike the word “mobile.”</p>\n<p>The draft of the bill Massie displayed during the hearing, which was reviewed by Bloomberg News, didn’t mention operating systems at all in that definition. A Microsoft spokesman said the company didn’t request the change.</p>\n<p>Asked during a break earlier in the hearing whether Microsoft -- which built its success through its Windows operating system for computers -- would be in scope of the bills, Nadler said he “would think so.”</p>\n<p>Antitrust Scrutiny</p>\n<p>Jordan of Ohio, the top Republican on the Judiciary Committee, earlier this week objected to what he saw as special treatment of Microsoft in the bipartisan House bills. He sent a scathing letter to Microsoft President Brad Smith on Monday, saying “Democrats have excluded Microsoft from antitrust scrutiny,” and demanded a clear answer to whether the company believes it would fall under the House proposals.</p>\n<p>“That’s what we have here. Bills that supposedly go after Big Tech, being written by Big Tech,” Jordan said during Wednesday’s hearing.</p>\n<p>Last week, Smith said in a Bloomberg TV interview that “there are aspects of the legislation that was introduced in the house last week that absolutely applies to Microsoft and many other companies.” That, however, could have referred to the two bills before the committee that offer modest measures to support antitrust enforcers and aren’t focused on the tech industry.</p>\n<p>Smith went on to say that he sees U.S. antitrust action focusing on services that aren’t Microsoft’s core business.</p>\n<p>“I think in many ways where this is going is a particular focus on technology platforms that serve as gatekeepers,” Smith said. “In other words, they not only serve as a platform like an operating system, but people need to go through them to sell their commerce, whether it’s a product that’s on Amazon or an app, say, in the Apple App Store or through a service like Google search.”</p>\n<p>Smith has cultivated strong relationships with lawmakers, including with the top Democrats and Republicans on the antitrust subcommittee. He testified in March in favor of Cicilline’s bill to help newspapers negotiate with online platforms.</p>\n<p>He was also in the same class at Princeton University as Colorado Republican Ken Buck, who played a key role in drafting the House bills and in last year’s investigation of Facebook, Apple, Amazon and Google.</p>\n<p>‘Covered Platform’</p>\n<p>One of the bills is Cicilline’s proposal to outlaw any practice that “advantages the covered platform operator’s own products, services, or lines of business over those of another business user.” That could limit how Apple presents its own music and messaging products on iPhones because competitors including Spotify and Facebook’s WhatsApp depend on mobile phones to reach consumers.</p>\n<p>The bill from Jayapal, whose district includes the outskirts of Seattle, could force the divestiture of entire lines of business. That could be devastating to Amazon, which is based in Seattle.</p>\n<p>The other two measures, including one sponsored by Buck, would limit acquisitions by the covered platforms and would make it easier for users to move their data, like contacts and photos, from one service to another.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Status in House Antitrust Push Sparks Lawmaker Clash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Status in House Antitrust Push Sparks Lawmaker Clash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 09:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-may-duck-house-antitrust-213629731.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Lawmakers clashed Wednesday over whether Microsoft Corp. would be included in a package of House antitrust bills aimed at big tech companies, even as the software giant’s valuation ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-may-duck-house-antitrust-213629731.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/microsoft-may-duck-house-antitrust-213629731.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164085879","content_text":"(Bloomberg) -- Lawmakers clashed Wednesday over whether Microsoft Corp. would be included in a package of House antitrust bills aimed at big tech companies, even as the software giant’s valuation hovers around $2 trillion.\nRepublicans questioned why the criteria for covered platforms in the legislation appeared tailored to exempt Microsoft. Republican Jim Jordan and other GOP lawmakers said they want to ensure the software giant doesn’t get special treatment.\nRepresentative Pramila Jayapal of Washington state initially said that while Microsoft exceeds the $600 billion market capitalization threshold laid out in four of the six bills before the Judiciary panel, another criterion about whether the Redmond, Washington-based company is considered a critical trading partner might let it off the hook.\nJayapal said later in the hearing that she thinks Microsoft would count as a critical trading partner because of its cloud platform.\n“The assumption that Microsoft is not covered is incorrect,” Jayapal said after several lawmakers questioned why the definition in the bills appeared tailored to exclude Microsoft.\nA company has to meet all of the criteria in the four tech-focused bills to be covered, including that it have a market capitalization of at least $600 billion..\n‘Biggest Offenders’\nDuring the hearing, Republican Representative Thomas Massie of Kentucky challenged his colleagues on the committee to explain why Microsoft wouldn’t fall under the measures.\n“I’m trying to figure out why one of the biggest offenders, of Big Tech, has mysteriously avoided the scrutiny of this committee and this broad swath of bills that seek to radically rewrite our antitrust law,” Massie said, waving a draft of the bill that he said was shared with Microsoft before it was public. “I’m talking about Microsoft.”\nDemocrat David Cicilline of Rhode Island, the chair of the antitrust subcommittee that drafted the bills, denied during the hearing that any company has been granted an exception. He said that the bill in question was based on previous legislation introduced in the Senate, so it wouldn’t have been hard to find draft text.\n“There are no exemptions in these bills,” Cicilline said. “No company is exempted, period.”\nA final determination about which companies would be covered by the bills will be made by the Justice Department and the Federal Trade Commission, Cicilline said. “Each of these bills is broadly applicable to firms that meet the definition of a covered platform,” Cicilline said, without saying whether Microsoft would be among them.\nThe bills before the Judiciary Committee came out of last year’s investigation of the allegedly anti-competitive practices of Facebook Inc., Apple Inc., Amazon.com Inc. and Alphabet Inc.’s Google. Microsoft, which offers products including Windows, LinkedIn, Office and Teams, wasn’t a target of that investigation.\nThe six bills are likely to be approved by the Judiciary Committee, but it’s unclear if they have enough support to pass the House. Their fate is even more uncertain in the Senate, where legislation needs at least 10 Republicans to pass, making it difficult for them to become law as written.\nA proposed amendment offered by Judiciary Chair Jerrold Nadler, a New York Democrat, to narrow the definition of “online platform” for the four tech-focused bills to “mobile operating system,” was undone by another amendment to strike the word “mobile.”\nThe draft of the bill Massie displayed during the hearing, which was reviewed by Bloomberg News, didn’t mention operating systems at all in that definition. A Microsoft spokesman said the company didn’t request the change.\nAsked during a break earlier in the hearing whether Microsoft -- which built its success through its Windows operating system for computers -- would be in scope of the bills, Nadler said he “would think so.”\nAntitrust Scrutiny\nJordan of Ohio, the top Republican on the Judiciary Committee, earlier this week objected to what he saw as special treatment of Microsoft in the bipartisan House bills. He sent a scathing letter to Microsoft President Brad Smith on Monday, saying “Democrats have excluded Microsoft from antitrust scrutiny,” and demanded a clear answer to whether the company believes it would fall under the House proposals.\n“That’s what we have here. Bills that supposedly go after Big Tech, being written by Big Tech,” Jordan said during Wednesday’s hearing.\nLast week, Smith said in a Bloomberg TV interview that “there are aspects of the legislation that was introduced in the house last week that absolutely applies to Microsoft and many other companies.” That, however, could have referred to the two bills before the committee that offer modest measures to support antitrust enforcers and aren’t focused on the tech industry.\nSmith went on to say that he sees U.S. antitrust action focusing on services that aren’t Microsoft’s core business.\n“I think in many ways where this is going is a particular focus on technology platforms that serve as gatekeepers,” Smith said. “In other words, they not only serve as a platform like an operating system, but people need to go through them to sell their commerce, whether it’s a product that’s on Amazon or an app, say, in the Apple App Store or through a service like Google search.”\nSmith has cultivated strong relationships with lawmakers, including with the top Democrats and Republicans on the antitrust subcommittee. He testified in March in favor of Cicilline’s bill to help newspapers negotiate with online platforms.\nHe was also in the same class at Princeton University as Colorado Republican Ken Buck, who played a key role in drafting the House bills and in last year’s investigation of Facebook, Apple, Amazon and Google.\n‘Covered Platform’\nOne of the bills is Cicilline’s proposal to outlaw any practice that “advantages the covered platform operator’s own products, services, or lines of business over those of another business user.” That could limit how Apple presents its own music and messaging products on iPhones because competitors including Spotify and Facebook’s WhatsApp depend on mobile phones to reach consumers.\nThe bill from Jayapal, whose district includes the outskirts of Seattle, could force the divestiture of entire lines of business. That could be devastating to Amazon, which is based in Seattle.\nThe other two measures, including one sponsored by Buck, would limit acquisitions by the covered platforms and would make it easier for users to move their data, like contacts and photos, from one service to another.","news_type":1},"isVote":1,"tweetType":1,"viewCount":437,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128381720,"gmtCreate":1624501918560,"gmtModify":1703838544713,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"GME TO THE MOON","listText":"GME TO THE MOON","text":"GME TO THE MOON","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/128381720","repostId":"1165360625","repostType":4,"repost":{"id":"1165360625","kind":"news","pubTimestamp":1624500936,"share":"https://ttm.financial/m/news/1165360625?lang=&edition=fundamental","pubTime":"2021-06-24 10:15","market":"us","language":"en","title":"SEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie","url":"https://stock-news.laohu8.com/highlight/detail?id=1165360625","media":"Benzinga","summary":"The United States Securities and Exchange Commission (SEC) delayed its decision on yet another Bitco","content":"<p>The United States Securities and Exchange Commission (SEC) delayed its decision on yet another&nbsp;<b>Bitcoin</b>&nbsp;(CRYPTO: BTC) exchange-traded fund (ETF) proposal.</p>\n<p><b>What Happened:</b>&nbsp;According to documents&nbsp;released&nbsp;by the SEC on Tuesday, the regulator decided to postpone its decision on the proposal filed by Texas-based family investment fund Valkyrie Digital Assets to list its Bitcoin ETF on the New York Stock Exchange.</p>\n<p>The commission noted that it had received comments on the fund and decided to&nbsp;extend&nbsp;the review period for the ETF by 45 days, rescheduling the decision for Aug. 10.</p>\n<p>The SEC also recentlydecidedto delay its decision to approve Van Eck's Bitcoin ETF, requesting comment from interested parties on how this decision could&nbsp;impact the markets.</p>\n<p>The firm's CEO, Jan Van Eck,&nbsp;urged the regulator to approve it&nbsp;since “the only alternative investors have is a closed-end fund that trades it at a 40% premium or 20% discount,\" and investors are eager to invest in Bitcoin.</p>\n<p><b>Price Action:</b>According to CoinMarketCapdata, Bitcoin's price increased by&nbsp;18.5%&nbsp;from its 24-hour low of $28,993 to $34,357&nbsp;before settling at&nbsp;$33,055 as of press time.</p>\n<p>While up on the day, its price is still nearly 46% down from May's all-time high of $63,503.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Delays Another Bitcoin ETF Decision. This Time It's Valkyrie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/21/06/21681107/sec-delays-another-bitcoin-etf-decision-this-time-its-valkyrie><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The United States Securities and Exchange Commission (SEC) delayed its decision on yet another Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) proposal.\nWhat Happened: According to documents released...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/21/06/21681107/sec-delays-another-bitcoin-etf-decision-this-time-its-valkyrie\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/21/06/21681107/sec-delays-another-bitcoin-etf-decision-this-time-its-valkyrie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165360625","content_text":"The United States Securities and Exchange Commission (SEC) delayed its decision on yet another Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) proposal.\nWhat Happened: According to documents released by the SEC on Tuesday, the regulator decided to postpone its decision on the proposal filed by Texas-based family investment fund Valkyrie Digital Assets to list its Bitcoin ETF on the New York Stock Exchange.\nThe commission noted that it had received comments on the fund and decided to extend the review period for the ETF by 45 days, rescheduling the decision for Aug. 10.\nThe SEC also recentlydecidedto delay its decision to approve Van Eck's Bitcoin ETF, requesting comment from interested parties on how this decision could impact the markets.\nThe firm's CEO, Jan Van Eck, urged the regulator to approve it since “the only alternative investors have is a closed-end fund that trades it at a 40% premium or 20% discount,\" and investors are eager to invest in Bitcoin.\nPrice Action:According to CoinMarketCapdata, Bitcoin's price increased by 18.5% from its 24-hour low of $28,993 to $34,357 before settling at $33,055 as of press time.\nWhile up on the day, its price is still nearly 46% down from May's all-time high of $63,503.","news_type":1},"isVote":1,"tweetType":1,"viewCount":682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128383787,"gmtCreate":1624501881049,"gmtModify":1703838543409,"author":{"id":"3578020324721422","authorId":"3578020324721422","name":"Skoinonm8","avatar":"https://static.tigerbbs.com/ca27004f00ae4142e48a3202fcfc503a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578020324721422","authorIdStr":"3578020324721422"},"themes":[],"htmlText":"To the moonnnnn","listText":"To the moonnnnn","text":"To the moonnnnn","images":[{"img":"https://static.tigerbbs.com/c4f2884dcd5d9ade45b81149c1f31b04","width":"1125","height":"2425"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128383787","isVote":1,"tweetType":1,"viewCount":483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}