Coinbase Launches Pre-IPO Perps, Starting With Elon Musk's SpaceX

Zelensky Says Wartime Elections Would 'Destroy' Ukraine, The Purported Bastion Of Democracy Ever since Russia invaded Ukraine in February 2022 with a goal of excising the Russian-speaking Donbas region, American and Western European officials have repeatedly said they and their countries are duty-bound to support Ukraine because, as Nancy Pelosi put it, "The battle for Ukraine is a battle for democracy itself." That notion has been growing ever more farcical over time, as President Volodymyr Zelensky refuses to hold elections that were supposed to happen back in the spring of 2024....

SK Hynix ADRs Priced At 3% Premium As Wall Street Readies Wave Of Leveraged ETFs The next test of the AI trade arrives today, as South Korean memory-chip maker SK Hynix's American depositary receipts begin trading under the temporary ticker SKHYV. Shares were priced at about a 3% premium to Thursday's close of its ordinary shares in South Korea. The $26.5 billion offering attracted demand for roughly seven times the shares available, forcing the chipmaker to scale back allocations to major investors, according to Bloomberg. The company sold 177.9 million ADRs...

AfD's Historic Win Shocks German Political Establishment: Here's What Happens Next The pro-Germany, anti-globalist, anti-mass migration right-wing populist party known as Alternative für Deutschland delivered its strongest election result ever in Saxony-Anhalt on Sunday, dealing a sharp blow to Germany's political establishment.  On Sunday, AfD secured 43.8% of the vote in Sunday's regional election, exceeding polling estimates. Chancellor Friedrich Merz's Christian Democrats lost about 19 percentage points, while turnout surged to 77.8% from 60.3% in 2021. According to Marion Mühlberger, a senior economist at Deutsche Bank, AfD's weekend win leaves the party holding 39 seats in the 83-member legislature,...