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1inch Investment Fund Acquires $10m in $ETH

Blockchain data indications have revealed that 1inch Investment Fund, the investment arm of 1inch Network, recently acquired acquired a substantial amount of Ether (ETH) on itscrypto wallet.

The purchase, which amounts to 6,088 ETH bought at a price of $1,655 each, translates to an investment exceeding $10 million at the time of purchase. Blockchain analytics platform Lookonchain first highlighted this large transaction, drawing attention to the fund’s continued interest in the crypto market.

 

 

The investment comes on the heels of a profitable period for the 1inch-affiliated wallet. Earlier this year, the wallet had made sizable investments in ETH, buying around 17,000 ETH at an average price of $1,569 across three different instances—January 13, February 9, and March 14. The cumulative spend for these earlier investments was approximately $26.8 million.

In July, the fund took advantage of favorable market conditions and sold off 11,000 ETH when the cryptocurrency’s price peaked at $1,906. This sale resulted in a revenue of roughly $21 million, thereby fetching a profit of around $3.7 million from its Ether holdings alone. According to blockchain data, this calculated approach to buying low and selling high has paid off well for the fund.

The acquisition and sale pattern indicates a strategic investment approach that appears to rely on dollar-cost averaging (DCA) and taking profits when market conditions are optimal. It also showcases the fund’s risk diversification tactics, as the wallet reportedly holds a broad range of digital assets currently valued at around $80 million. Such portfolio diversification is often seen as a prudent strategy in the volatile cryptocurrency markets. The fund’s recent actions raise pertinent questions about its future investment orientation and whether it will continue to realize profits through similarly strategic engagements in the cryptlo markets.

This acquisition is not merely a one-off purchase but also offers broader insights into market behavior and sentiment. Given that Ethereum is one of the main blockchains and cryptocurrencies that often influences and reflects market dynamics, such large-scale buying activity suggests a level of confidence in the digital asset’s future performance.

Disclaimer: This article is for informational purposes only and should not be construed as financial or investment advice.



#1inch #Investment #Fund #Acquires #10m #ETH

How alternative investments play an important role in portfolio resilience

Alternative investments can play a crucial role in enhancing portfolio resilience. These investments offer unique benefits that can help investors navigate market volatility and achieve better risk-adjusted returns.

Here’s how alternative investments can enhance portfolio resilience:

Portfolio Diversification: Diversification is the key component of alternative investments’ contribution to portfolio resilience. Equities and bonds, two common asset classes, may show a high correlation or a propensity to move in lockstep. However, alternative investments cover a wide range of assets, including commodities, infrastructure, real estate, private equity, and hedge funds, which can have lower correlations with traditional assets. This lack of correlation means that when traditional assets experience declines, alternative investments might remain relatively stable or even perform well. By diversifying across these different asset classes, investors can effectively spread risk, reducing the impact of a significant downturn in any area.

Potential for Higher Returns: While alternative investments can introduce higher risks, they also bring the potential for enhanced risk-adjusted returns. By incorporating assets with different risk profiles, investors can optimize their portfolio’s performance in various market conditions. For instance, private equity and venture capital offer exposure to companies in their growth stages, aiming for higher returns over the long term. While these investments carry inherent risks, their potential for substantial gains can improve the overall risk-return trade-off of a well-diversified portfolio.

Low Correlation to Traditional Asset Classes: Alternative investments frequently have little correlation with traditional asset classes, which means that the same variables that affect stocks and bonds have less of an impact on their performance. This low correlation can provide stability and downside protection during market volatility, as alternative investments may perform well when traditional assets are struggling.

Access to Unique Opportunities: Alternative investments grant investors access to specialized markets, strategies, and industries often inaccessible through traditional avenues. This access broadens the investment universe and offers unique opportunities for returns. For instance, investing in renewable energy projects through infrastructure funds allows investors to benefit from the growing demand for sustainable solutions while diversifying their portfolios.

Risk Management: Alternative investments can be used as a technique for risk management to protect a portfolio against certain dangers. For instance, investing in commodities or real estate can serve as a hedge against inflation. By incorporating alternative investments with different risk profiles, investors can create a more resilient portfolio that can withstand various market conditions. It’s important to note that investing in alternative investments requires careful evaluation and due diligence. Investors should assess the qualifications and track record of the fund manager or investment firm before making any investing decisions. Because alternative investments may have higher costs and more restrictive liquidity than traditional investments, investors should consider their investment horizon and risk tolerance.To assess the success of companies in managing alternative investments, we can look at their Alternative Assets Under Management (AUM) metrics.

Hedging Against Inflation: Due to inflation, traditional investments like cash and bonds may lose some of their purchase value. Commodities, infrastructure, and real estate are alternative investments that have historically proven effective inflation hedges. These assets tend to appreciate during inflationary periods, providing investors with a means to preserve their wealth and counter the negative effects of rising prices.

Tailored Risk Exposure: Investors can fine-tune their risk exposure by selecting alternative investments with risk profiles that align with their individual risk tolerances and investment goals. This customization adds a layer of resilience to the portfolio, allowing investors to construct a balanced mix of assets that match their unique financial situation and objectives.

Potential for Alpha Generation: Certain alternative investments, such as hedge funds, actively managed strategies, and private equity, have skilled managers aiming to generate alpha or excess returns beyond a benchmark. These strategies provide an opportunity to enhance portfolio returns and reduce overall risk through professional asset allocation and investment selection.

In conclusion, including alternative investments in a portfolio is a critical tool for enhancing resilience in the face of market uncertainties and economic challenges.

Their ability to diversify risk, provide stability during market volatility, and offer enhanced risk-adjusted returns makes them an essential component of a well-structured investment strategy.

However, it’s important to acknowledge that alternative investments have complexities and risks, such as limited liquidity and higher fees.

Effective due diligence, a clear understanding of each investment’s characteristics, and alignment with an investor’s risk tolerance and long-term goals are key to unlocking the full benefits of alternative investments in building a resilient portfolio.

(Author: Aditya Kanoria, Founder and MD, Credent Global Finance)

#alternative #investments #play #important #role #portfolio #resilience

Swift Announces Successful Tokenization Experiment Using Chainlink’s CCIP

Global financial messaging network – Swift – announced successfully facilitating a variety of blockchain interoperability tests with multiple financial institutions like Citi, SIX Digital Exchange (SDX), BNP Paribas, and BNY Mellon.

For this purpose, Swift tapped the Web3 services platform Chainlink’s Cross-Chain Interoperability Protocol (CCIP)

  • The company said the experiments are part of its wider strategy to ensure secure, global interoperability as new technologies and platforms surface. They build on work over the past few years to show how Swift’s infrastructure could support the financial community in interconnecting Central Bank Digital Currencies (CBDCs) and other digital assets with new and existing payment systems.
  • The development comes after Chainlink and Swift announced that they would be collaborating with numerous financial institutions to assess the feasibility of integrating with diverse blockchain networks in June.
  • Swift’s Chief Innovation Officer, Tom Zschach, commented on the latest development,

“Interoperability is at the heart of everything we are doing at Swift to facilitate the seamless flow of value across the world in the face of increasing fragmentation. For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem.”

  • According to the exec, the experiments have demonstrated that the existing Swift infrastructure can provide that central point of connectivity, eliminating a major hurdle in the development of tokenization.
  • Chainlink, on the other hand, announced the launch of CCIP in July. The Oracle provider’s co-founder and acting CEO Sergey Nazarov had previously noted that the aim is to position the protocol as the new gold standard for cross-chain interoperability.
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Americans can’t afford homes, investors aren’t buying property, and economists see little relief ahead

The housing market is stuck thanks to high prices, high mortgage rates, and low inventory.

The housing market is stuck thanks to high prices, high mortgage rates, and low inventory.UCG / Getty Contributor

  • Low inventory, high mortgage rates, and high prices have created a difficult housing market.

  • Homeowners have seen equity climb, but house hunters are having a hard time breaking into the market.

  • Purchases by real estate investors plunged 45% in the second quarter compared to last year.

It’s a tough time to be navigating the US housing market.

Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that’s weighing on house hunters, current homeowners, and even real estate investors.

The Federal Reserve’s aggressive interest rate hikes over the last 18 months have led to mortgage rates hovering around two-decade highs, but so far home prices haven’t fallen as they usually do when rates climb.

Throw in distorted supply and demand dynamics and economists see little reason to expect easing affordability. Current homeowners are reluctant to move and risk giving up lower rates they secured before, and that keeps homes off the market and leaves buyers with fewer options.

As things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record.

High home prices

The Case-Shiller US National Composite Home Price Index showed home prices climbed for the fifth straight month in June, and now the index is just 0.02% below the all-time high reached last summer. The seasonally-adjusted data showed prices climbed in every single city in the group’s 20-city index.

“As we’ve noted previously, the recovery in home prices is broadly based,” Craig J. Lazzara, managing director at S&P DJI, said. “Over the last 12 months, 10 cities show positive returns. Otherwise said, half the cities in our sample now sit at all-time high prices.”

A recent Redfin survey found that young adults in particular are facing headwinds. Thirty-eight percent of buyers under 30 in a survey said they had to rely on family to help afford a down payment, in the form of either cash or inheritance. The stat led Redfin chief economist Daryl Fairweather to label the cohort as “nepo-homebuyers.”

To that point, Americans are contending with the most expensive starter homes ever. The median sale price for the typical starter home hit an all-time high of $243,000 in June.

Soaring prices are even making it tough for those with deeper pockets. A separate Redfin report found that real estate investors bought 45% fewer homes in the second quarter compared to a year ago.

That outpaced the 31% overall dip in home sales, and signified the biggest drop since 2008, excluding the first quarter of this year.

Redfin annual growth in investor home purchases

Annual growth in investor home purchases.Redfin

“Offers from hedge funds have dried up; I haven’t received an offer from one in a long time, except unrealistically low offers,” Las Vegas Redfin agent Shay Stein said. “From mid-2020 until early 2022 when interest rates started going up, hedge funds bought up a ton of properties and immediately turned them into rentals, pricing out local buyers. Now a big portion of our homes are owned by investors, but they’re not adding to their portfolios.”

No relief in sight

Zillow’s latest forecast says home prices could climb another 6.5% by July 2024, and data from Realtor.com showed total home listings just dropped for the fourth consecutive month in August, suggesting elevated prices will persist.

The report also showed that home sellers were less active in August, with 7.5% fewer newly listed homes compared to the same time last year. Inventory in the largest 50 metros, Realtor.com said, remains 45% below pre-pandemic levels.

Meanwhile, the latest mortgage delinquency data also suggests widespread price declines aren’t on the horizon. Fannie Mae reported serious delinquencies fell to 0.54% in July from 0.55% in June — the lowest rate since before the housing bust of 2008 and also below the pre-pandemic low of 0.60%.

“Since lending standards have been solid and most homeowners have substantial equity there will not be a huge wave of single-family foreclosures this cycle,” veteran real estate commentator Bill McBride wrote in an August 28 note. “This means that we will not see cascading price declines like following the housing bubble.”

Read the original article on Business Insider

#Americans #afford #homes #investors #arent #buying #property #economists #relief #ahead

Jose Mari Chan Isn’t Just A Singer, He’s Also A Businessman

Jose Mari Chan Isn’t Just A Singer, He’s Also A Businessman

Did you know that Jose Mari Chan isn’t just a singer, but he’s a successful businessman as well?

The Face of Christmas in the Philippines

Everyone in the Philippines knows Jose Mari Chan, dubbed as the “King of Christmas” or “Mr. Christmas.”

Photo credit: Jose Mari Chan Facebook group

He’s the subject of numerous Christmas memes, with people joking that he’s hanging out all year with his guitar, waiting for September 1 so he can start singing “Christmas in Our Hearts.”

Jose Mari Chan Isn’t Just a Singer, He’s Also a Successful Businessman
Photo credit: Jose Mari Chan Facebook group

But while he’s, indeed, the face of Christmas in the Philippines, not too many people know that he’s also a successful businessman outside the holiday season.

Jose Mari Chan’s Businesses

For the crooner, music is really just a hobby – it’s his businesses that make him more money. He told ABS-CBN News that that his businesses support his family.

“Many people don’t know that music is just my hobby. I have a business. I’m in the sugar business,” Chan explained.

He owns both the A. Chan Sugar Corporation (a sugar trader based in Makati City) and the Binalbagan-Isabela Sugar Company Inc. (BISCOM, a sugar producer with 28,725 hectares of total sugarcane area based in Negros Occidental, central Philippines).

“And that’s what keeps me going and that’s what supports my family. I’m in the sugar business that I inherited from my father. I’m running the business even until now,” he added.

Jose Mari Chan Isn’t Just a Singer, He’s Also a Successful Businessman
BISCOM; photo credit: Rider Levett Bucknall

But he’s not just into the sugar business.

Although he describes the venture as “small,” many netizens were impressed to know that he’s also into the real estate business. He owns and manages this business along with his two daughters.

Chan serves as president of Morning Glow Development Corporation whose projects include the Villa Magdalena Commercial Center (a shopping center in Bacolod City) and the seven-hectare village named Villa Florencia Subdivision (also in Bacolod).

Jose Mari Chan Isn’t Just a Singer, He’s Also a Successful Businessman
Photo credit: GMA Network

How is the Sugar Industry in the Philippines?

The sugar industry is big in the Philippines, with a national GDP (gross domestic product) of around Php69.7 billion each year.

Chan’s BISCOM is one of the 13 mills located on Negros island and contributes around 8.64% of the country’s sugar production.

Joy Adalia
Latest posts by Joy Adalia (see all)

#Jose #Mari #Chan #Isnt #Singer #Hes #Businessman

At least 2 major absentees expected at G20 Leaders Summit in Delhi as Xi Jinping’s attendance uncertain: sources

There may be at least two major absentees at the G20 Leaders Summit in New Delhi next week, with Russian President Vladimir Putin having already confirmed his absence and Chinese President Xi Jinping not yet confirming his presence, sources have said.

Of the sixteen times that the G20 Summit has been hosted physically since 2008, about seven summits have witnessed the absence of two heads of state or more, six times there has been just one absentee, while three consecutive summits at the beginning saw all heads attending, per official data.

Putin, in a telephonic conversation with Prime Minister Narendra Modi earlier this week, formally informed that he would not be able to attend the G20 Leaders Summit in Delhi on September 9-10 and that Russia’s Foreign Minister Sergey Lavrov would take his place.

Since Russia waged war on Ukraine early last year, Putin has mostly been absent from international meetings, including last year’s G20 Summit hosted by Indonesia in Bali and the recent BRICS Summit in Johannesburg.

Chinese President Xi Jinping is also unlikely to attend the G20 Summit in Delhi, sources said, although there has been no official confirmation of this either from the Indian or Chinese side yet.

“Xi attended last year’s G20 Summit in Bali as well as the BRICS Summit in Johannesburg last month. The fact that he has not confirmed his presence yet for the G20 Summit in New Delhi is a bit surprising,” a source tracking the matter told BusinessLine.

The G20, an intergovernmental grouping of major economies of the world, includes Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom, the United States, and the European Union.

In the first three summits hosted in 2008 and 2009 (there were two in 2009), all heads of state attended. In the summits hosted in 2010, 2011, 2012, 2013, 2016 and 2017, one head of state could not attend and was represented by a deputy. There were five summits in 2010, 2014, 2015, 2018, 2019, when two countries were represented below the head of the state level.

In last year’s G20 Summit hosted after the Russian invasion of Ukraine, heads of state from three countries, including Russia and Brazil, did not attend while the previous year, when the world was just emerging out of Covid-19 lockdown, as many as six heads of state were absent.



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Digital rupee gets big usability boost through Yes Bank integration with UPI

The Reserve Bank of India (RBI) central bank digital currency, the digital rupee, will have enhanced usability, Yes Bank announced Aug. 30. This was thanks to Yes Bank’s integration of the Unified Payments Interface (UPI) with the RBI digital rupee app. Now, Yes Bank account holders will be able to make transactions with the digital rupee by scanning UPI QR codes.

The UPI is a national payment portal operated by the National Payments Corporation of India (NPCI), a division of the RBI. The NPCI provides the infrastructure for both the UPI and the digital rupee. The UPI is used by 150 million merchants in India, according to local press reports.

The Yes Bank app marks the first integration of the UPI with the central bank digital currency (CBDC). Yes Bank executive Ajay Rajan said in a statement:

“The transition to an interoperable CBDC platform holds the promise of seamless, efficient, and broader transactional capabilities for YES BANK customers. […] This transformational enabler will facilitate a quantum leap in CBDC usage, driven by the enhanced convenience and accessibility.”

Yes Bank was one of the eight original participating banks in the retail digital rupee pilot project, which launched in December. The project enlisted 5,000 participating merchants and 50,000 CBDC users and had carried out 800,000 transactions worth $134 million by February. A separate wholesale digital rupee pilot was launched in November.

Related: JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

The digital rupee is already accepted at some of the stores in the country’s large Reliance Retail chain through a program using QR codes that began in February in conjunction with ICICI Bank, Kotak Mahindra Bank and Innoviti Technologies.

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