Royal Group (SZ:002329), an investment group run by a top Abu Dhabi royal, Sheikh Tahnoon bin Zayed Al Nahyan, is concerned a recession will pressure markets and has amassed a short position on US equities that is said to be worth billions.
According to a report from Bloomberg, the investment firm turned negative on stocks at the start of the year and shifted its portfolio to short-term treasuries. It is also investing more in commodities and crypto.
It wasn’t clear which stocks or sectors the firm is betting against.
Royal Group, a conglomerate that helps manage one of the world’s biggest family fortunes, will look to boost exposure to the US once valuations improve and the Fed signals it’s gearing up to cut interest rates, the report said.
Officials declined to comment.
Over a million viewers joined Donald Trump and Elon Musk’s delayed X Spaces interview, which Musk attributed to a “massive DDoS attack.” Was the delay genuinely due to a DDoS attack, or did Musk fabricate the reason?
KikyoEl Salvador's historic $1.62 billion investment from Yilport will upgrade its ports, boosting trade and creating jobs, while laying the groundwork for the Bitcoin City project, a tax-free city powered by volcanic energy. Despite its ambitious goals, Bitcoin City faces challenges, including delays in funding and environmental concerns, while El Salvador continues to expand its Bitcoin reserves, now valued at approximately $345 million.
JoyTeleverse, a TON blockchain-based mini-game network, has secured $1 million in seed funding led by Summer Capital. Aiming to replicate WeChat’s mini-game success on Telegram, Televerse seeks to deliver top-tier gaming experiences and drive Web3 gaming and blockchain adoption.
CatherineBounty Bay has rapidly gained traction with over 2.6 million app views and 1.3 million users, driven by its in-app referral system and integration with the Ton Blockchain. The platform offers a seamless shopping experience within Telegram, leveraging gamification and rewards to boost user engagement and drive sales.
WeatherlyThe FBI's cryptic response about the Bitcoin creator suggested he might be a 3rd party individual. The bureau’s ambiguous replies prompts speculation: does the FBI know Nakamoto’s true identity, or will the mystery persist?
KikyoThe Shiba Inu community, known for its large and active base, is increasingly targeted by scammers exploiting its popularity through fake airdrops and giveaways on Telegram and X. These scams aim to steal funds by tricking users into connecting their wallets or sharing personal information, capitalising on the community’s enthusiasm and trust.
AnaisReddio, a top parallel zkEVM Layer 2, has closed its seed funding round and is progressing with A-round financing to speed up its Layer 2 deployment. It has also integrated World ID from the Worldcoin network into its points system.
CatherineTON Ventures, led by Ian Wittkopp and Inal Kardan, has launched a $40 million fund to support early-stage projects on the TON blockchain. This move capitalises on Telegram's massive user base and aims to drive innovation in blockchain applications.
WeatherlyThe FTC's new rule bans fake reviews, AI-generated content, and paid bots to inflate follower counts, potentially starting in October. But can it truly eliminate fake online engagement or will it be akin to a drop in the ocean?
KikyoThe $DOGS token has rapidly gained popularity in the Telegram ecosystem, reaching over 50 million users and securing listings on major exchanges like Bitget, OKX, and Bybit. Its success is driven by Telegram's large user base and innovative marketing strategies, positioning it as a significant player among memecoins.
Anais