WEEK OF APRIL 1, 2024

Welcome to the Traderverse Weekly Newsletter!

Traderverse Update

Welcome to our newsletter series, where we provide updates and insights as we gear up for our upcoming launch! Each week, we’ll be dissecting different sections of Traderverse to give you a sneak peek into what’s coming.

Understanding Portfolio Allocation:
Portfolio Allocation offers a comprehensive overview of all your current holdings, categorized by markets. Whether it’s Stocks, Crypto, Indices, ETFs, Futures, NFTs, or Options, you’ll have a clear breakdown of your investments across various asset classes.
Why It Matters:
By connecting multiple portfolios to Traderverse, you gain deeper insights into your investment portfolio. The more portfolios you integrate, the better you can understand your overall investment strategy and performance.

Be sure to join the waitlist in order to create your very own Trader Profile and see your full investment portfolio!

Important Prices

What’s Moving The Markets?

Big Challenge For Big Tech

Big Tech giants Apple and Alphabet’s Google are confronted with unprecedented antitrust scrutiny from regulators in the EU and the US, potentially leading to break-up orders amid a global wave of similar investigations, marking the first such threat to a US company since AT&T’s break-up four decades ago.

Boeing CEO Steps Down

Boeing CEO Dave Calhoun, along with board chair Larry Kellner and commercial planes head Stan Deal, are set to depart by year-end amidst a management overhaul following safety crises, including a 737 MAX mid-air panel blowout, as the company seeks to regain control and rebuild confidence.

U.S. Sanctions On Russian Oil Looming

Russian oil firms are experiencing payment delays of several months due to increased caution from banks in China, Turkey, and the UAE regarding U.S. secondary sanctions, impacting Kremlin revenue and serving U.S. dual policy sanction goals.

SBF Sentenced to 25 Years

Sam Bankman-Fried, founder of the bankrupt FTX cryptocurrency exchange, was sentenced to 25 years in prison for stealing $8 billion from customers, following a guilty verdict on seven fraud and conspiracy counts.

Fidelity Files For Spot Ethereum ETF

$4.5 trillion asset management firm, Fidelity, has filed an S-1 form for a Spot Ethereum ETF, including staking, marking a significant step in bringing Ethereum investment opportunities to mainstream investors following the success of the Spot Bitcoin ETF earlier this year.

BlackRock’s Bitcoin ETF Is ‘Fastest Growing In History’

BlackRock CEO Larry Fink expresses strong optimism for Bitcoin during a Fox Business interview, highlighting the unprecedented growth of the firm’s Spot Bitcoin ETF and its significant holdings, surpassing major cryptocurrency exchanges.

S&P Outlook

Bear Case: Bears are eyeing last week’s high at 5322.75 as a pivotal point. Their strategy involves breaking below and maintaining the price under this level to gain control. The ultimate aim for the bears is to push the market further down, breaking and holding below 5264 to solidify a bearish trend.

Bull Case: Bulls are poised to utilize the newly established Daily Demand zone at 5280.75 as a foundation for further gains. Holding the price above this level is critical for the bulls to sustain and build upward momentum in the market..

EARNINGS RELEASE CALENDAR

FOR WEEK OF APRIL 1ST

Economic Data Calendar

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