Today’s Noise – BTC biting it big time, nowhere to hide but under the mattress, save perhaps SPAC arb

Today’s Noise – BTC biting it big time, nowhere to hide but under the mattress, save perhaps SPAC arb

Problem solving in a confronting environment – advisory service ha, that and $1 will probably get you one less $1. That’s why our biz is supposed to be about incentive fees
https://www.top1000funds.com/2022/06/problem-solving-in-a-confronting-environment/

Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain – I am not smart enough to opine, but I do feel a lot of our existence is built on the greater fool theory
https://www.fnlondon.com/articles/research-affiliates-ceo-says-crypto-is-a-ponzi-scheme-and-questions-substance-of-blockchain-technology-after-blackrock-comments-20220630

Charles Ponzi

Treasury market reforms draw flak from funds and high-speed traders – people like Gensler think they have it all figured out, he thinks he is improving the system, all he is doing on many fronts is just slowing it down, reducing price discovery, etc
https://www.ft.com/content/4cc84b80-caca-4ed7-998c-2fb1956ec930

Gary Gensler

Crypto fund Grayscale launches lawsuit after SEC rejects ETF plan – consumer protections, you mean like levered short ETFs that the ‘consumer’ loses money even when the asset pukes because it can’t rebalance quickly enough
https://www.ft.com/content/21b4808a-9ad0-4ff1-8cad-a950f848bd2f

Bitcoin price falls 56% this year, trades below $20,000. What’s the next support level for the crypto – not much of a support level at that – but hey unless it gets crazy this is really tied to the stock market
https://www.livemint.com/market/cryptocurrency/bitcoin-price-falls-56-this-year-what-s-the-next-support-level-for-world-s-largest-cryptocurrency-11656565634515.html

Megadeals buoy global M&A despite pullback from record 2021 – how crazy is it that the FTC will start behaving like the insurance industry – reject first, justified or not
https://www.ft.com/content/59e7e32b-66b5-4fe8-8a7b-1da57adfd556

Today’s Noise – BTC biting it big time, nowhere to hide but under the mattress, save perhaps SPAC arb

Today’s News Compiled by KEVIN GAHWYLER

Kevin Gahwyler has over 28 years of experience in the hedge fund industry in various investment and C-Suite roles. Mr. Gahwyler is currently a Managing Director and Head of Business Development at Meteora Capital, LLC. A SPAC specialist that invests in the entire SPAC ecosphere through both closed-end funds as well as a hedge fund. Prior to joining the firm, Mr. Gahwyler was the COO and Director of Business Development of Measure 8 Ventures Management, LLC. In addition, before Measure 8, he was the President/CFO of Navy Capital Management, LLC. And Chief Operating Officer/Director of Business Development of Twin Securities, Inc. Kevin was also the founder of KenCole Capital. An investment bank boutique specializing in hedge fund structures and marketing and served in senior marketing roles at both Pequot Capital and Sagamore Hill.

Lastly, Kevin graduated from Fairfield University with a B.S. in Biological Sciences. And from Thunderbird School of Global Management with a Masters in International Management.

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