Exclusive Deals For The Rich, Robinhood Subpoenaed, China Grows

The Daily LEO #220

Bitcoinflood

Feb 28

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Welcome to this edition of The Daily LEO! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information packed space.

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Goldman Sachs pitching wealth clients on investing in Stripe shows how Wall Street drums up exclusive deals for its richest customers

Financial wealth can be defined lots of different ways. It could be the number of houses you own, the type of investments you make, or simply the amount of zeros in your bank account.

But perhaps the best way to measure true financial wealth is simple: access.

The more money you have, means the more doors are open to you that remain closed for others. To that point, Insider's Hayley Cuccinello has a story on how Goldman Sachs offered its richest clients the opportunity...

Apartment Rents Fall as Crush of New Supply Hits Market

Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year.

Renters with new leases in January paid a median rent that was 3.5% lower than they would have paid last August, according to estimates from listing website Apartment List. It was the first time in five years that rent fell every month over a six-month period, according to the same estimates.

China Added to Its Money Supply in 2022

China has reportedly added trillions of yuan to the money supply in 2022, the most in its history and equivalent to the combined amount from the United States, Japan, and the European Union. However, the move may have no way to boost the Chinese economy, given a sluggish trend in GDP and a steep dive in the money circulation rate, expert suggests.

Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood Markets has revealed that it has received an investigative subpoena from the United States Securities Exchange Commission over its digital asset business’ crypto listings, custody and platform operations.

In a 10-K filing, the brokerage said it received the investigative subpoena in December, a month after crypto exchange FTX filed for bankruptcy and following the bankruptcy filings of “several other major cryptocurrency trading venues and...

Metaverse Token Gamium Surges 340% After Meta and Telefonica Partnership Announcement

Metaverse project Gamium’s native token GMM has surged by 340% to $0.0025 on Tuesday after the project announced deals with social media giant Meta (META) and telecommunications firm Telefonica (TEF).

Gamium will work with Meta and Telefonica on the Metaverse Activation Program, an initiative launched to help and scale start-ups within the web3 industry.

Illuvium DAO votes against NFT contest with disgraced Three Arrows Capital founder Su Zhu

The governance DAO of web3 gaming protocol Illuvium has voted against a proposal to feature controversial Three Arrows Capital (3AC) founder Su Zhu in the upcoming Illuvita NFT-opening contest.

The Illuvitar NFT pack-opening event was designed to feature two high-profile crypto celebrities who would compete to open the “D1SK” packs of Illuviatar creature NFTs.

Illuvium co-founder Kieran Warwick and 3AC co-founder Su Zhu were scheduled to engage in the celebrity pack battle to promote the new Illuvitar NFT collectible game, Illuvium: Beyond.

However, the Illuvium community raised concerns against Zhu because

What Would You Do If You Had 1M HBD in Savings?

A new whale has emerged. In the past, this would mean that a new account surfaced and bought a lot of HIVE and staked it to HIVE POWER and started voting..

But this is not the past... We're living in a new era for Hive. This whale has bought and saved a whopping 1 Million HBD.

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