Andurand’s “Hedge” Fund Lost 52% In First Two Weeks Of April On Levered Oil Bets Three weeks ago, when Bloomberg pointed out that Andurand was the best performing hedge fund in March thanks to its notorious levered long oil positioning (and really nothing else), we said they may want to refresh his exposure after the […]
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Kalshi Bans 3 US Politicians For Betting On Their Own Election Races Authored by Stephen Katte via CoinTelegraph.com, Two US congressional candidates and one sitting lawmaker have received fines and bans from Kalshi after they were found betting on the outcomes of their election races, as prediction market platforms crack down on insider trading. Matt
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Air Force Advances Microreactor Deployments at Three Bases The Department of the Air Force (DAF) has moved forward with its Advanced Nuclear Power for Installations (ANPI) initiative, announcing specific company pairings to develop microreactors at three installations. Radiant Industries will partner with Buckley Space Force Base in Colorado. Radiant is developing Kaleidos, a portable 1
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Tether Freezes $344 Million USDT Stablecoins Flagged For Illicit Activity Tether froze more than $344 million in USDT across two Tron addresses on Thursday, in coordination with the US Treasury’s Office of Foreign Assets Control (OFAC), marking one of the stablecoin issuer’s largest compliance actions on record. While Tether did not name the network of
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Minecraft, Warcraft, Statecraft Submitted by Michael Every of Rabobank While mediators are pushing to get Iran and the US back into negotiations on Friday, the US still says it wants to see unified response from Iran which hands over its enriched uranium. But what will change between now and Friday? Two things, perhaps, and both
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UBS Warns Drought Shock Unfolding Across Breadbasket Of America It’s not just us sounding the alarm about severe drought conditions hitting America’s breadbasket as spring plantings ramp up, or warning about the second- and third-order effects that could push food prices higher later this year. UBS analysts, led by Jonathan Pingle, told clients on Thursday
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US Business Confidence Soared In April Amid “Panic, Emergency” Buying Ahead Of Price Spike Despite the recent slide in ‘hard’ macro data, analysts expected an incremental improvement in the preliminary April S&P Global PMI data this morning. Consensus was right as both Services and Manufacturing surveys signaled an uptick in April US business activity growth
Tanker Seizures By Iran Don’t Breach Ceasefire: White House Not only did President Trump this week unilaterally extend the Iran ceasefire by at least three to five days (upon initial announcement), but he has refrained from ordering new attacks against the Islamic Republic even as the IRGC navy continued intercepting foreign tankers. By Tuesday, he
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Pot Stocks Soar As DoJ Reclassifies Medical Marijuana As Less Dangerous Drug Pot stocks are moving higher in premarket trading in New York after the Justice Department and DEA announced that FDA-approved marijuana-based drugs and state-licensed medical marijuana products will be moved immediately from Schedule I to Schedule III. This is a major shift in
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9th Circuit Kills California’s ICE Unmasking Law The 9th Circuit Court of Appeals handed the Trump administration a significant legal victory Wednesday, issuing a formal injunction blocking California’s No Vigilantes Act from being enforced against federal law enforcement officers. The court ruled that the state law – which required non-uniformed federal agents to visibly display
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