Money shouldn’t take a world tour before it reaches you.

Crypto payments cut the nonsense — delays, random fees, timezone hold-ups, and the “2% wage leak” no one talks about.

We broke down how businesses save *more* than expected by switching to crypto settlements.

👉 What’s the most ridiculous fee you’ve ever been charged?

https://www.paycio.com/blog/crypto-payments-benefit-for-businesses

#businesspayments #fintech #Paycio

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⚡️Hedge Funds Bet Against Banks, Insurance And Real Estate

⏺Hedge funds continue to bet against bank and financial stocks amid reports of job cuts and lower trading volumes. Financial stocks were the most traded sector in the group's prime brokerage desk serving global hedge funds, according to a note from Goldman Sachs.

⏺Banks, insurance companies, publicly traded real estate trusts and capital markets companies were sold on a net basis for the fourth week in a row. The STOXX 600 bank index in Europe is up 1.7% since Aug. 26, and the Dow Jones bank index closed Friday up more than 2% in the week ahead of the U.S. holiday.

⏺Financial stocks have been short in six of the last seven weeks. Sales were global, with the largest volumes in North America, emerging markets in Asia and Europe. While overall global deal value rose about 20%, the number of mergers and acquisitions fell 25% through June 25, according to LSEG.

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🗓 Coming Up Next Week

Monday 02.09
⏺US Holiday
⏺China, Eurozone, Russia Manufacturing PMI

Tuesday 03.09
⏺US Manufacturing PMI
⏺Earnings reports from Zscaler

Wednesday 04.09
⏺US Trade Balance
⏺US Factory Orders
⏺China Services PMI
⏺Earnings reports from Dollar Tree, Hewlett Packard

Thursday 05.09
⏺US Initial Jobless Claims
⏺US ISN Non-Manufacturing PMI
⏺Earnings reports from Nio, Broadcom, DocuSign

Friday 06.09
⏺Eurozone GDP
⏺US Nonfarm Payrolls
⏺US Unemployment Rate
⏺Earnings reports from Kroger

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⚠️ Buffett Is Selling Bank of America Shares Again

⏺Berkshire Hathaway's Warren Buffett continues to sell shares of Bank of America Corp., and if it continues to reduce investments, it will soon eliminate the need to quickly disclose these transactions.

⏺The new round of sales, disclosed on Friday evening, reduced the conglomerate's stake in the bank to 11.4%. As long as Berkshire owns more than 10%, US rules require it to disclose transactions within days. But if a company owns a smaller stake, it may wait a few weeks before releasing updates—usually providing results after each quarter.

⏺That would help cool the situation that has been weighing on BofA's share price since mid-July, when Buffett - a longtime supporter of the bank's CEO Brian Moynihan - began selling off shares without explanation. Since then, Berkshire has received a total of $6.2 billion.

⏺Buffett began ramping up his investment in Bank of America with a $5 billion deal in 2011 for preferred stock and warrants. His Berkshire Hathaway eventually became — and remains — the bank's largest shareholder, with a stake of about $36 billion based on Friday's closing price.

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💰 Bitcoin leads $305 million outflows as strong US economic data hits crypto

Crypto investment products faced significant outflows last week, totaling $305 million, as negative sentiment spread across various providers and regions, according to CoinShares‘ latest weekly report. James Butterfill, CoinShares’ head of research, attributed these outflows to stronger-than-expected US economic data. He noted that this data “diminished the likelihood of a 50-basis point interest rate cut.”

Source

@Bitcoin_Ethereum_Altcoins

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💰 Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm

Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with a loan of either $30 million in dollars or 500 bitcoin.

Source

@Bitcoin_Ethereum_Altcoins

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