Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise. As Bitcoin’s supply tightens, available BTC is being purchased by smaller, long-term holding entities. Bitcoin accumulation among a majority of investor cohorts
Miami International Airport leads the nation’s airports in recovering passenger traffic lost during the COVD-19 pandemic, according to a report. “We looked at the total passenger recovery levels for 10 of the largest muni market borrowers in the U.S. airport sector and found half have surpassed 2019 levels while the other half remains below pre-pandemic
Several large new-issues priced into a stronger market with munis seeing gains across the yield curve amid constructive secondary activity as U.S. Treasuries pared back some of Mondays losses and equities also improved. Triple-A yields fell three to five basis points while USTs made gains up to eight basis points out long. The two-year muni-to-Treasury
WeWork was Adam Neumann’s first unicorn. It soared, became a media and investor darling, and attracted a lot of VCs and investors from Benchmark to Goldman Sachs and Softbank. Neumann was able to raise billions of venture capital from the blue bloods of global finance – and mainly because of momentum he was able to
Texas ended fiscal 2023 with a hefty cash balance of $48.4 billion in its general revenue fund due largely to higher, but slowing tax collections, the state comptroller reported Monday. The annual cash report for the fiscal year that ended Aug. 31 said the balance rose $14.6 billion or 43.4% from fiscal 2022. After transfers
Fitch Ratings upgraded Illinois Tuesday ahead of the state’s general obligation bond sale later this month. The upgrade to A-minus from BBB-plus brings the state’s GOs into the single-A category from all three agencies that rate the state. Illinois plans to issue $875 million of GOs in a competitive sale the week of Nov. 27,
Debates about the effects of using environmental, social, and governance measures to determine where funds should be invested is echoing through the public finance community and the halls of Congress. “Democrats are trying to enshrine so called environmental, social and governance ideology into America’s financial system by removing protections for savers in the tax code,”
In an Oct. 27 comment letter to the Securities and Exchange Commission (SEC), the National Federation of Municipal Analysts (NFMA) outlined its thoughts for implementing the Financial Data Transparency Act (FDTA). The letter, coming from a group that had previously expressed skepticism about the FDTA’s imposition of data standards for municipal reporting, was a breath
California’s plans to build a 1.8 million-acre-feet reservoir to store rainwater may finally be ready for its moment in the sun. The decades-old Sites Reservoir proposal would add capacity to California’s water storage system to see it through its cycle of severe droughts. It received a turbo boost Monday when Gov. Gavin Newsom certified the
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s accounting watchdog has abandoned most of its overhaul of boardroom rules, a move it says protects competitiveness but which critics say marks the unravelling of long-promised corporate governance reforms. Richard Moriarty, Financial Reporting
Missouri has asked a federal court to toss a lawsuit filed by the Securities Industry and Financial Markets Association over the state’s first-of-its-kind anti-environmental, social and governance investing rules, arguing that the securities association lacks standing to bring the lawsuit. The dispute stems from Missouri’s four-month-old investment rules that require advisors and broker-dealers to disclose
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey has raised $2.5bn in its first deal on the dollar bond market since April as the country’s broad economic policy shift lures back investors who abandoned Turkish assets in recent years. The country received
As malls across the country prepare for the holiday season, Gen Z shoppers are emerging as a significant force in the shopping landscape. According to the “The Rise of the Gen Z Consumer” report from the International Council of Shopping Centers (ICSC), Gen Z’s unique preferences and behaviors are not only shaping the retail industry
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On November 19 1919, the US Senate repudiated the Versailles Treaty. With that decision, the US withdrew its might from maintaining what had been agreed in the aftermath of the first world war, leaving this
Multifamily properties have always been ahead of the curve when it comes to delivering highly sought-after amenities. Would-be residents start grading a property before they step foot in their own apartment—and they have come to expect professional property management, cutting-edge spaces and services, and a cohesive sense of community from any place they would choose
Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance. According to Binance’s Nov. 7 announcement, users can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish lira. Binance claims that it did not charge developers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Portuguese prime minister António Costa resigned hours after prosecutors issued arrest warrants and raided government buildings in a corruption investigation that reached his inner circle. Costa, a Socialist who has led Portugal since 2015, said
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’ and distinguished fellow at Columbia University’s Institute of Global Politics Lebanon, and perhaps much of the world, breathed a sigh of relief on Friday when Hassan Nasrallah, leader
Who is this person anyway? Irene Zhao, the Simp-Queen mastermind behind the SO-COL platform and a Crypto Twitter influencer, explains that having a celebrity in your corner can turbocharge your NFT collection. Zhao’s first Simp DAO and NFT collection, IreneDAO, started with a floor price that was basically pocket change in ETH. “I think it
Custodia Bank, a cryptocurrency-friendly bank founded by Bitcoin (BTC) advocate Caitlin Long, has launched its Bitcoin custody platform. The firm took to X (formerly Twitter) on Nov. 7 to announce the launch of Custodia Bank’s Bitcoin custody service targeting businesses like fiduciaries, investment advisers, fund managers and corporate treasurers. The launch comes soon after Custodia
Bitcoin (BTC) fell toward $34,500 on Nov. 7 as analysts’ attention turned to mushrooming open interest. BTC/USD 1-hour chart. Source: TradingView Open interest “surge” spooks Bitcoin pundits Data from Cointelegraph Markets Pro and TradingView showed BTC price trajectory struggling to reclaim $35,000 as support. The largest cryptocurrency lacked clear direction into the Wall Street open,