Daily Hodl - April 12, 2025
Wealthy Individuals Invest $96.3 Million in Various Stocks, Wagering on Their Own Success: Article
Let's dive into the latest happenings in the crypto realm, shall we?
Billionaire Buying Spree
Despite market turmoil, the Persson and Lundin families, together with Carlos Slim, are investing big bucks in their respective companies. Bloomberg reports that they dumped a whopping $96.3 million in their ventures.
- The Persson family pumped approximately $78 million into H&M, with their firm already being a major shareholder.
- The Lundin dynasty splurged about $16 million on April 3rd to boost their stake in Lundin Mining.
- Slim bought $2.3 million in PBF Energy shares on the same day, even as energy prices took a slippery slide.
These moves follow a market downturn triggered by Trump's April 2nd tariff announcements. PBF Energy tumbled over 26% between April 8th and 2nd. The crash reportedly cost billionaires a staggering $536 billion in wealth in just two days, as per the Bloomberg Billionaires Index.
The Daily Hodl Highlights
We, at The Daily Hodl, bring you the latest in crypto, finance, and beyond. Here are some noteworthy pieces from our blog:
- Are we witnessing a bull run? Watch out for these indicators to know for sure.
- learn how to navigate the cryptocurrency world safely.
- The importance of educating yourself about the technology behind crypto.
Industry News
- USX Launch Update from Solstice Labs: Solana-native stablecoin USX, designed for transparent yield, is about to hit the market.
- Funding Round Success for Ika: Sui Foundation has invested in Ika, boosting their total funding to over $21 million.
- BYDFi Steps into Dubai: BYDFi has become the official sponsor of TOKEN2049 Dubai and will introduce its MoonX on-chain trading tool in the Middle East.
- BTSE Broker API Hackathon: BTSE Enterprise Solutions is organizing a hackathon for developers in Dubai to showcase its BTSE Broker API.
- Richard Heart Wins in Court: The SEC case against Richard Heart has been dismissed in full following a court hearing.
- Huma Transactions Soar: Huma, a DeFi platform on Solana, has surpassed $4 billion in transactions just two weeks after launching version 2.0.
- Whale.io Heads to Dubai: Whale.io, a DeFi analytics platform, will attend TOKEN2049 Dubai and launch its WHALE token.
Crypto Markets
Keep up-to-date with the ever-evolving world of cryptocurrency:
- Bitcoin hovered around the $52,000 mark, showing a moderate 0.43% increase in value.
- Ethereum struggled to break free from its tight range, with a slight 0.98% decline in price.
- Solana clung onto its recent gains, showing a marginal 0.14% growth.
The Daily Hodl Mix
A roundup of the latest news and insights in the cryptoverse.
Editorial Policy
Our opinions are not financial advice. Always do thorough research before investing in cryptocurrencies or digital assets. Bear in mind that transferring and trading cryptocurrencies involve inherent risks, and any losses incurred are the sole responsibility of the investor.
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- The Persson family invested approximately $78 million into H&M, adding to their already significant shareholding in the company, as part of a series of large investments in the cryptocurrency realm.
- Despite a market downturn triggered by Trump's tariff announcements, billionaires such as the Persson family, Lundin dynasty, and Carlos Slim are still active in their respective businesses, including investing in cryptocurrencies.
- In the realm of altcoins, the Solstice Labs-developed Solana-native stablecoin, USX, is about to enter the market, promising transparent yield.
- The publication, The Daily Hodl, offers insightful articles on various topics, including but not limited to, the technology behind cryptocurrency and investing in both traditional finance and the crypto market.
- As a disclaimer, the opinions expressed by The Daily Hodl are not intended as financial advice, and readers should conduct their own research before investing in any cryptocurrencies or digital assets.
- The stock-market-focused business world closely follows the performance of key players such as Bitcoin, Ethereum, and other cryptocurrencies, with many analysts focusing on emerging trends in the crypto sector.
