Joe Saluzzi
@JoeSaluzzi
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Partner and Co-Founder of Themis Trading, Co-Author of 'Broken Markets'
NJ
Joined March 2009
Not a good thing when investors start having confidence issues with regulators.
CFTC Chair @MichaelSelig asked about my reporting on Odd Lots: “I want to be clear that we have a very well staffed building and we're very much on top of things. These questions about not enforcing and surveilling, you know, I think there's a little bit of fake news there.”
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SEC Elicits Smiles from the Industry
tradersmagazine.com
Regulator signals that unilateral rules and guidance are out; listening is in.
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Bitcoin's latest selloff is shattering many of its most enduring myths "Since then, crypto has gone from being "anti-Wall Street" to being "in bed with Wall Street" https://t.co/Zu0UIFAiSb
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The strategy that rewarded companies for hoarding cryptocurrencies is now punishing them https://t.co/PNaVVs9cRC via @WSJ
wsj.com
Bitcoin fell below $76,000 on Saturday, saddling Michael Saylor’s Strategy with paper losses on its token purchases.
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Cmon, @Nasdaq, really? China SXT Pharmaceuticals has had 4 reverse stock splits since 2021 and just announced a 1-for-150 effective 2/3/26. 2/22/21: 1-for-4 reverse split 5/19/22: 1-for-20 reverse split 10/5/23: 1-for-25 reverse split 2/25/25: 1-for-8 reverse split
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Even modest price declines can translate into outsized revenue pain when traders step away altogether
bloomberg.com
Crypto’s latest downturn looks different on the surface. There are no spectacular scandals, no bankrupt exchange, no regulatory crackdown. Yet for the industry’s biggest trading platforms, the damage...
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“You are full of s---,” said JPMorgan's Jamie Dimon, his index finger pointed squarely at Brian Armstrong’s face. Not fanfic but great in-depth reporting on the policy clash between Coinbase and the banks. From @AmrithRamkumar @dgtokar @ginaheeb
wsj.com
Coinbase chief Brian Armstrong is clashing with Jamie Dimon and other bank stewards over the future of finance.
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Now that the SEC and CFTC are best buddies, maybe they can extend the Consolidated Audit Trail to include the futures market?
TODAY at 2PM: Chairman @SECPaulSAtkins and @CFTC @ChairmanSelig will be discussing harmonization and their efforts to deliver on President Trump’s promise to make the U.S. the crypto capital of the world. Livestream: https://t.co/nIX7Qc9N0q Event details: https://t.co/EIEvAdJanb
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About 1/4 of IPOs on Nasdaq’s smallest listing tier since 2023 were promoted in WhatsApp chats, and then crashed or were suspended by @SECGov over potential stock manipulation. For @business, how apparent pump and dump schemes thrived on Wall Street. https://t.co/mShRDEYkYD
bloomberg.com
US regulators are scrutinizing how dozens of small, foreign-based companies became targets of chatroom stock promoters
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"Nasdaq and the New York Stock Exchange declined to comment for this article." Shame on the exchanges.
US regulators are scrutinizing how dozens of small, foreign-based companies became targets of chatroom stock promoters. Bloomberg's @Weihua_Li1 explains https://t.co/7jyyXw6V2A
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Dow Jones Industrial Average currently down 484 points, 390 of those are from $UNH
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Ohhh, so that's why they wanted the spot Bitcoin ETF.
A quiet but telling shift is unfolding in the crypto derivatives market, as one of the most reliable money-making trades shows signs of breaking down.
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NYSE encouraging more gamification.
The New York Stock Exchange is building a venue using blockchain technology to allow for trading tokenized stocks and exchange-traded funds around the clock
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China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centers, sources say
bloomberg.com
China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centers, according to people familiar with the...
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@JoeSaluzzi Follow-up (data courtesy CBOE), no group has even 20% market share. Only one market (the Nasdaq) has double digits. And exchanges have less than half the market.
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Polymarket’s eye-watering brush with the 1958 Onion Futures Act https://t.co/UHkVQeVl4w via @ft
ft.com
Peeling back the layers of the ambiguously-regulated US prediction market
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