Crypto Daily｜Strategy Qualifies for S&P 500; Koreans Abandon Tesla for Crypto Bets
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.
Crypto News
Strategy Qualifies for S&P 500, Decision Expected This Friday
Strategy (MSTR), formerly known as MicroStrategy, has officially qualified for potential inclusion in the S&P 500.
The company posted exceptional second-quarter results, marking one of its strongest quarters in history.
With substantial profits, Strategy now meets all the necessary requirements for S&P 500 membership, pending the final decision.
Koreans Abandon Tesla for Crypto Bets: $657M Exodus Reshapes Markets
Korean retail investors are dramatically reshaping US equity markets. In August, they pulled a record $657 million from Tesla Inc. while simultaneously pouring over $12 billion into US-listed cryptocurrency companies this year.
This signals a fundamental shift in investment preferences among one of America’s most influential foreign retail bases, which is capturing Wall Street’s attention.
China State Company Issues RWA Digital Bond on Ethereum
Shenzhen Futian Investment Holdings (SFIH) issued an RWA-based digital bond on Ethereum, raising $700 million with Fitch’s A- rating in Hong Kong.
On August 29, the digital bond was listed in the Shenzhen and Macau markets. This is the first time tokenized securities based on a public blockchain have been allowed on traditional exchanges.
Recommended Articles
Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.