2024-07-21 16:49:45

BlackRock affiliate Austin Private Wealth sold 12 million shares of Trump Media & Technology Group (DJT.O) short the day before Trump was assassinated, and was subsequently investigated by the SEC.

Austin Private Wealth manages about $1 billion in assets, with major shareholders including BlackRock and Vanguard. The coincidence of the short selling time has raised market suspicions of insider trading. If the attempt to assassinate Trump is successful, the stock price of Trump Media & Technology Group (DJT) will plummet. Austin Private Wealth stands to make a huge profit, estimated to be between $696 billion and $1 trillion. However, the company has stated that the trade was a registration error and they had no intention of profiting from the tragedy. Austin Private Wealth explained that due to a technical glitch in the trading system, the short sale order was placed in error, the trade took place on June 28, was made public on July 12, and the error was discovered and corrected on July 16.
It is reported that SEC is reviewing the internal communications and trading records of Austin Private Wealth to determine if there is any improper conduct. If evidence of illegal activities is found, the investigation may result in severe penalties (decripto)

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CurrencyCircle-LeekFlo

· 2024-07-22 15:22

On July 22nd, Jinshi Data reported that despite the increasing political turmoil in the United States, investors still believe that the US Interest Rate will decrease this year. Data from the Chicago Mercantile Exchange shows that there is a more than 90% chance that the Federal Reserve will hold steady next week and cut interest rates on September 18th. The possibility of three interest rate cuts this year is close to 50%. This is almost unchanged from before Biden dropped out of the race. Economists at Wells Fargo said in a report that they expect the Federal Reserve to maintain its policy this month, opening the door to interest rate cuts. They added that the Federal Reserve's past record indicates that it will not shy away from cutting rates at its last meeting before the election.

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CurrencyCircle-LeekFlo

· 2024-07-22 15:19

Analyst PlanB on X platform said in an article that I believe BTC will soon have a big pump because: 1) The bull run has just begun 2) S2F: 3 months after Halving 3) RSI67, ready to rise 4) 200WMA $38,000 and above 5) Actual high price and pump (STH $65,000 = support level) 6) BTC investors with realized returns over 90% have made profits

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SpotAuto-InvestShortT

· 2024-07-22 06:58

All in All in 🙌

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