Standard Chartered doubles down on its prediction that bitcoin will achieve $150,000 by the finish of the 12 months
Finance
Kalshi bettors see Powell staying on as Fed governor after chair term ends
Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source
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Finance
Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]
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Finance
Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it
Key Points Blockworks wants to become a dominant data provider in the world of cryptocurrency and tokenized assets, according to co-founder Jason Yanowitz. The firm anticipates using the proceeds of its latest fundraising round extension to snap up some of its rivals and grow its footprint. “Crypto has a trust problem, and it is two-sided,” […]
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