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US President Trump: The Senate must pass the "No More Clock-Changing Act" as soon as possible. More sunlight is always good (it even helps fight crime!), but more importantly, stop the absurd habit of turning clocks and watches back and forth twice a year—its confusing and inconvenient. Get it fixed now!August 16th - Despite a significant rebound in the stock market from the panic triggered by the plunge in chip and AI-related stocks, data shows that short selling is still on the rise. According to data released by the Korea Exchange on Sunday, as of Tuesday, the outstanding short position in the South Korean stock market was approximately 19 trillion won (about $13.4 billion), an increase of 2.27 trillion won, or 14%, from 16.73 trillion won at the end of last month. At the end of February this year, the short position was 15 trillion won, briefly fell to 12 trillion won in early March, and then rose again to 23 trillion won in early June. So far this month, the benchmark KOSPI index has risen by 6%, while the tech-heavy KOSDAQ index has surged by 20%. Last month, the South Korean stock market experienced a sharp drop due to market concerns about the profitability of AI-related investments (which could weaken chip demand). However, investors remain concerned about the rapid short-term gains and are uncertain whether the chip industry has peaked.On August 16, Libyas National Electricity Corporation announced that an explosion occurred near the Zawiya power station in western Libya on August 15. The explosion caused multiple power plants to shut down, paralyzed the power grid, and resulted in power outages in the capital Tripoli and large areas of western Libya. In a statement, the company said that maintenance teams were working to resolve the fault and power supply to the affected areas was being gradually restored. Technical teams have begun investigating the cause and technical details of the explosion.According to Al Arabiya satellite television: Libyan sources say the Al-Hashah power station in Zawara was attacked by drones.On August 16th, local time, police in Virginia, USA, arrested a 19-year-old man suspected of involvement in a shooting that day that injured five people. No one was killed in the shooting, but one victim is in critical condition. Chesterfield County Sheriffs Office announced the arrest of Camron Harris, from Henrico, Virginia. Authorities stated that he is not a student at the school. Police said they have issued eight felony warrants for the man, including charges of intentional assault and use of a firearm during a felony. Although the shooting occurred on school grounds, only one of the five injured was a student at the school. Authorities stated that the other four victims are between 17 and 23 years old.

Crypto Exchange FTX’s US Arm Set To Introduce Stock Trading

Jimmy Khan

May 20, 2022 09:29

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This will be a first in the cryptocurrency market, since no other cryptocurrency exchange has ever directly traded US stocks.


FTX cryptocurrency exchange, unveiled its newest initiative in a press release today, which is unprecedented ground for its rivals.


FTX.US, the crypto exchange's US subsidiary, will be the first to implement the functionality, which will bring regulated stock trading to its site.

Crypto X Stocks

Combining bitcoin with stock trading is not a new concept; Binance pioneered it in its own distinctive manner last year.


Binance provided crypto assets that were related to the value of shares of companies like Tesla, Apple, and Coinbase, rather than simply putting US equities onto the exchange.


Binance, however, discontinued providing this service to investors after being pressured by regulatory agencies from all across the globe.


FTX, unlike Binance, will not sell crypto tokens that monitor stock values; instead, it will offer regulated US shares directly.


FTX Capital Markets, as an associated broker-dealer registered with the SEC and a member of FINRA/SIPC, shall provide these services.


Brett Harrison, president of FTX US, said of the launch,


"Our objective is to provide our clients with a comprehensive investment solution across all asset classes." We have established a single integrated platform for retail investors to trade crypto, NFTs, and conventional stock offerings via a clear and straightforward user interface with the introduction of FTX Stocks."


Stock trading on the exchange is expected to be accessible within the next several months, with no commission costs.


FTX US will also let its customers to fund their accounts using the stablecoin USD Coin (USDC),


This will be a significant chance for the exchange to establish itself as a major participant in the crypto and even stock trading markets.

On the Charts: FTT

While the exchange is progressing in its own right, the performance of its native token, FTT, has been less than stellar in recent days.


FTT recovered 10.46 percent after falling 25.27 percent during the week-long meltdown on May 5, but the gain was nullified yesterday as the price plunged 7.63 percent.


As a consequence, despite numerous tries, FTT has been unable to break out of the negative zone it has been locked in since the first week of April, nor has it been able to signal a bullish crossing at the same time.

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