#14.5m

BKR Capital, a Canadian entity, disclosed on Monday that its second fund has successfully secured $20 million CAD (approximately $14.5 million USD), advancing it towards its $50 million CAD objective. According to managing partner Lise Birikundavyi, who spoke with TechCrunch, this investment vehicle aims to support “rapidly expanding technology enterprises spearheaded by founders from the Black…

Firecrawl’s co-founder and CEO Caleb Peffer knew the precise second he discovered the investor to steer his Collection A.  He was in a espresso assembly with Nexus Enterprise Associate’s Abhishek Sharma on the Blue Bottle in San Francisco’s South Park (a favourite VC hang-out). Whereas describing the way forward for the corporate, he was gesturing so animatedly that his chair tipped over.  “I…

Taylor Swift may be on a gap year, but one chapter of her past is refusing to stay shelved. Her former Hyannis Port hideaway — bought during a headline-making summer romance over a decade ago — is back for $14.5 million, and the listing has reignited debates about the now-infamous (and somewhat controversial) Kennedy fling that barely outlasted a seaside sunset. The seven-bedroom mansion at 27…

PEPE Whale Who Earned $14.5M Turns To Turbo, Is This The Next Big Thing?

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A whale recently transferred $14.5 million of PEPE to Binance and is now buying TURBO, Lookonchain data on May 9 shows.

Pepe coin (PEPE) is a meme token and one of the top-performing assets after rallying by over 10x in recent days pushing its market capitalization to over $1 billion. PEPE’s performance and trading activity saw it flip mainstream coins, including Bitcoin.

Whale Exiting PEPE

Trackers on May 9 now indicate that the PEPE whale is actively accumulating TURBO, doubling down on the token.

Because of the address’ past success, traders are closely watching his actions, with some speculating that TURBO might be the next “big thing” after PEPE’s success.

On-chain records show that between April 24 and 27, the whale bought 4.23 trillion PEPE from 422 ETH and 200K USDC.

On May 5, the whale transferred all tokens to Binance, a cryptocurrency exchange, possibly earning a profit of approximately $14.5 million.

This giant whale who bought 4.23T $PEPE ($15.6M) with 422 $ETH ($871K) and 200K $USDC deposited all $PEPE to #Binance 30 mins ago.

His average buying cost is $0.0000002535, and the profit is ~$14.5M now!

He may sell after opening trading, watching out for the price change.⚠️ pic.twitter.com/7UoNYG9PJb

— Lookonchain (@lookonchain) May 5, 2023

By exiting at PEPE peaks, observers suspect the whale could be an experienced trader or entity.

Nonetheless, though PEPE surged in the first part of last week, the meme token’s price has been cooling off days after listing on Binance’s Innovation Zone and derivatives exchange.

PEPE is ranked 57 on the market cap leaderboard, according to CoinMarketCap data. The meme token has gained significant traction at this valuation, attracting interest from speculators and traders.

Focus on TURBO

With PEPE looking fragile, dropping 55% from May’s high, the whale seems to have identified an opportunity in TURBO.

The whale bought 1.38 billion TURBO with $977,000, worth $1.1M at the time of writing. The last time the whale bought TURBO was on May 8.

A smart whale who earned ~$14.5M on $PEPE has been buying $TURBO since May 3.

He bought a total of 1.38B $TURBO ($1.1M currently) with $977K, the average buying price is $0.0007055.

The last time he bought $TURBO was 7 hours ago. pic.twitter.com/eawQWEivKq

— Lookonchain (@lookonchain) May 9, 2023

The Turbo meme coin is created entirely using artificial intelligence (AI) with Chat GPT-4, the generative AI protocol, taking charge, building the project from scratch and issuing the token.

Fueled by the current rage of AI projects and platforms, the TURBO community is expanding, further propping prices.

As of writing, TURBO is up 45% in the last 24 hours, with trading volumes exceeding $140 million. The founder has meticulously recorded the entire process from the project’s documentation while strictly adhering to the AI’s guidance.

Still, it is not clear whether TURBO will replicate PEPE’s success and soar to record highs. Bitcoin prices are relatively lower at spot rates, which could be a hurdle for the token’s price action.

Despite recent double-digit gains, TURBO has resisted selling pressure and separated from the broader market. However, the success of meme tokens relies heavily on hype and FOMO-driven demand, as they generally lack any practical utility. Consequently, their prices tend to collapse rapidly once the hype subsides.

Feature Image From Canva, Chart From TradingView

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Oil surges as crude shares plunge 14.5M barrels

© Reuters. Oil prices extend gains as crude stocks plunge 14.5M barrels

Investing.com – Oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after data showed that crude supplies in the U.S. fell by the most since April 1985.

for October delivery on the New York Mercantile Exchange was up $ 1.41, or 3.1%, at $ 47.02 a barrel by 11:04AM ET (15:04GMT). Prices were at around $ 46.18 prior to the release of the inventory data.

The U.S. Energy Information Administration said in its weekly report that fell by 14.51 million barrels in the week ended September 2. Market analysts’ expected a crude-stock gain of 225,000 barrels, while the American Petroleum Institute late Tuesday reported a supply drop of 12.1 million barrels.

, the key delivery point for Nymex crude, decreased by 434,000 barrels last week, the EIA said.

Total U.S. crude oil inventories stood at 511.4 million barrels as of last week, which the EIA considered to be “historically high levels for this time of year”.

The report also showed that declined by 4.211 million barrels, compared to expectations for a 171,000-barrel drop.

For including diesel, the EIA reported an increase of 3.382 million barrels.

The EIA data came out one day later than usual due to Monday’s Labor Day holiday.

Elsewhere, on the ICE Futures Exchange in London, for November delivery tacked on $ 1.42, or 2.94%, to trade at $ 49.40 a barrel.

Oil traders continued to weigh prospects that major oil producing nations will freeze output to support the market when they meet later this month.

The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non-OPEC producers led by Russia at informal talks in Algeria between September 26 and 28.

Brent spiked sharply on Monday after Saudi Arabia and Russia pledged to work together to support the market. But prices have since fallen back as the agreement stopped short of delivering imminent action to tackle a supply glut.

Chances that the upcoming meeting would yield any action to reduce the global glut appeared minimal, according to market experts. Instead, most believe that oil producers will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran’s refusal to take part of the initiative, underscoring the difficulty for political rivals to forge consensus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/XIY3Dw

Oil surges as crude shares plunge 14.5M barrels

© Reuters. Oil prices extend gains as crude stocks plunge 14.5M barrels

Investing.com – Oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after data showed that crude supplies in the U.S. fell by the most since April 1985.

for October delivery on the New York Mercantile Exchange was up $ 1.41, or 3.1%, at $ 47.02 a barrel by 11:04AM ET (15:04GMT). Prices were at around $ 46.18 prior to the release of the inventory data.

The U.S. Energy Information Administration said in its weekly report that fell by 14.51 million barrels in the week ended September 2. Market analysts’ expected a crude-stock gain of 225,000 barrels, while the American Petroleum Institute late Tuesday reported a supply drop of 12.1 million barrels.

, the key delivery point for Nymex crude, decreased by 434,000 barrels last week, the EIA said.

Total U.S. crude oil inventories stood at 511.4 million barrels as of last week, which the EIA considered to be “historically high levels for this time of year”.

The report also showed that declined by 4.211 million barrels, compared to expectations for a 171,000-barrel drop.

For including diesel, the EIA reported an increase of 3.382 million barrels.

The EIA data came out one day later than usual due to Monday’s Labor Day holiday.

Elsewhere, on the ICE Futures Exchange in London, for November delivery tacked on $ 1.42, or 2.94%, to trade at $ 49.40 a barrel.

Oil traders continued to weigh prospects that major oil producing nations will freeze output to support the market when they meet later this month.

The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non-OPEC producers led by Russia at informal talks in Algeria between September 26 and 28.

Brent spiked sharply on Monday after Saudi Arabia and Russia pledged to work together to support the market. But prices have since fallen back as the agreement stopped short of delivering imminent action to tackle a supply glut.

Chances that the upcoming meeting would yield any action to reduce the global glut appeared minimal, according to market experts. Instead, most believe that oil producers will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran’s refusal to take part of the initiative, underscoring the difficulty for political rivals to forge consensus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/XIY3Dw

Oil surges as crude shares plunge 14.5M barrels

© Reuters. Oil prices extend gains as crude stocks plunge 14.5M barrels

Investing.com – Oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after data showed that crude supplies in the U.S. fell by the most since April 1985.

for October delivery on the New York Mercantile Exchange was up $ 1.41, or 3.1%, at $ 47.02 a barrel by 11:04AM ET (15:04GMT). Prices were at around $ 46.18 prior to the release of the inventory data.

The U.S. Energy Information Administration said in its weekly report that fell by 14.51 million barrels in the week ended September 2. Market analysts’ expected a crude-stock gain of 225,000 barrels, while the American Petroleum Institute late Tuesday reported a supply drop of 12.1 million barrels.

, the key delivery point for Nymex crude, decreased by 434,000 barrels last week, the EIA said.

Total U.S. crude oil inventories stood at 511.4 million barrels as of last week, which the EIA considered to be “historically high levels for this time of year”.

The report also showed that declined by 4.211 million barrels, compared to expectations for a 171,000-barrel drop.

For including diesel, the EIA reported an increase of 3.382 million barrels.

The EIA data came out one day later than usual due to Monday’s Labor Day holiday.

Elsewhere, on the ICE Futures Exchange in London, for November delivery tacked on $ 1.42, or 2.94%, to trade at $ 49.40 a barrel.

Oil traders continued to weigh prospects that major oil producing nations will freeze output to support the market when they meet later this month.

The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non-OPEC producers led by Russia at informal talks in Algeria between September 26 and 28.

Brent spiked sharply on Monday after Saudi Arabia and Russia pledged to work together to support the market. But prices have since fallen back as the agreement stopped short of delivering imminent action to tackle a supply glut.

Chances that the upcoming meeting would yield any action to reduce the global glut appeared minimal, according to market experts. Instead, most believe that oil producers will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran’s refusal to take part of the initiative, underscoring the difficulty for political rivals to forge consensus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/XIY3Dw

Oil surges as crude shares plunge 14.5M barrels

© Reuters. Oil prices extend gains as crude stocks plunge 14.5M barrels

Investing.com – Oil prices extended gains in North American hours on Thursday, rising to the strongest levels of the session after data showed that crude supplies in the U.S. fell by the most since April 1985.

for October delivery on the New York Mercantile Exchange was up $ 1.41, or 3.1%, at $ 47.02 a barrel by 11:04AM ET (15:04GMT). Prices were at around $ 46.18 prior to the release of the inventory data.

The U.S. Energy Information Administration said in its weekly report that fell by 14.51 million barrels in the week ended September 2. Market analysts’ expected a crude-stock gain of 225,000 barrels, while the American Petroleum Institute late Tuesday reported a supply drop of 12.1 million barrels.

, the key delivery point for Nymex crude, decreased by 434,000 barrels last week, the EIA said.

Total U.S. crude oil inventories stood at 511.4 million barrels as of last week, which the EIA considered to be “historically high levels for this time of year”.

The report also showed that declined by 4.211 million barrels, compared to expectations for a 171,000-barrel drop.

For including diesel, the EIA reported an increase of 3.382 million barrels.

The EIA data came out one day later than usual due to Monday’s Labor Day holiday.

Elsewhere, on the ICE Futures Exchange in London, for November delivery tacked on $ 1.42, or 2.94%, to trade at $ 49.40 a barrel.

Oil traders continued to weigh prospects that major oil producing nations will freeze output to support the market when they meet later this month.

The Organization of the Petroleum Exporting Countries, led by Saudi Arabia and other big Middle East crude exporters, will meet non-OPEC producers led by Russia at informal talks in Algeria between September 26 and 28.

Brent spiked sharply on Monday after Saudi Arabia and Russia pledged to work together to support the market. But prices have since fallen back as the agreement stopped short of delivering imminent action to tackle a supply glut.

Chances that the upcoming meeting would yield any action to reduce the global glut appeared minimal, according to market experts. Instead, most believe that oil producers will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

An attempt to jointly freeze production levels earlier this year failed after Saudi Arabia backed out over Iran’s refusal to take part of the initiative, underscoring the difficulty for political rivals to forge consensus.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.