Search results for StoneX
Crypto
STRC price drop spurs TerraUSD comparisons; Benchmark says approach is wrong
Strategy\'s preferred stock STRC has fallen below its $100 par value, prompting some social media comparisons to the TerraUSD-Luna collapse. Benchmark-StoneX analyst Mark Palmer said the comparison is fundamentally misguided because STRC is not a stablecoin and is not supported by algorithmic arbitrage or confidence in a token structure. He said STRC is indirectly based on Strategy\'s bitcoin holdings and its financing model, though weakness could slow fundraising.
AI & Enterprise
AI infrastructure financialisation gains momentum as major investment banks take interest
As hundreds of billions of dollars pour into AI infrastructure, financial markets are shifting and efforts are growing to financialise capital flowing into the sector. Products could emerge that allow trading of computing power costs, including futures tied to GPU rental prices. The Information reported that investment banks, exchanges and data providers are competing to make GPU rental rates an official tradable asset, with Goldman Sachs and JPMorgan exploring listings by year-end.
Crypto
Strategy\'s record buying fails to lift bitcoin as high-rate worries weigh
Strategy, known for its bitcoin investment strategy, has overtaken BlackRock to become the largest holder of bitcoin. Despite aggressive buying, bitcoin slid to a three-week low, stoking market unease. Investors are focusing on worries that high U.S. interest rates will persist, with the Federal Reserve maintaining a tight stance and core PCE inflation stuck around 2.9 percent. Rising U.S. Treasury yields and net outflows from spot bitcoin ETFs have also weighed on sentiment.
