One day before Singapore's National Day celebrations on 8 Aug 2022, Hodlnaut threw a bombshell on their customers. The company was going under. Hundreds of millions(estimated $500m) in customer deposits have been frozen. I have been following Hodlnaut closely since last year after I signed on as their customer.
2 months ago, China and Hong Kong stocks looked like they were making a recovery and I decided to resume purchase of China/HK stocks in June. It was not a profitable experience for the next 3 weeks. The HK/China stock market did not seem to act right. Maybe
I like to chat with retirees, particularly those who used to work in a job where they need to be a bit of a snake oil salesman. It is after they retire that they can be completely honest about their past. A few years ago, a retired stockbroker revealed to
This crypto startup firm, Uprise, lost 99% of its client funds while shorting Luna during its price crash. Luna crashed 99.98% within 1 week from Thursday, 5 May 2022 to the following Thursday, 12 May 2022. Just 1 week ago, Luna's market capitalization was USD28 billion. 1 week later,
2 weeks ago when the U.S stock market started a mini-rally (27 May 2022), I suspected it was a bear-market rally driven by profitable short-sellers covering their shorts. After 7 down weeks, short-sellers would be looking for an excuse to take profit. S&P500 suffered a mini-crash this week
The stock brokerage business is a highly competitive one. This works to the advantage of retail investors. Let them fight among each other so that we can pick the best deal among them. I personally have accounts with several stock brokerages as each of them comes with its own strengths
Update 30 June 2022: Defi Llama API is not working for the time being. I do not know when it will be restored. After UST stablecoin depegged and crashed 2 weeks ago, fear spread to other stablecoins. The most dominant stablecoin, USDT, was briefly depegged. If the biggest stablecoin is