Sponsored by First Lithium Minerals

Are ethereum ETF’s next?

In a recent update regarding the potential approval of an Ethereum exchange-traded fund (ETF), discussions with sources close to ETF issuers suggest that approval odds remain below 50%. The revelation comes amidst ongoing scrutiny and analysis within the cryptocurrency investment sphere.

Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), has been instrumental in shaping the regulatory landscape for cryptocurrency ETFs. According to sources, Gensler’s statements have suggested a clear preference for Bitcoin ETFs, indicating that Ethereum may not receive the same level of regulatory favor.

You can read more on the matter here.

What’s going on?

• Is The Foreign Interference Inquiry Dead On Arrival? Second Diaspora Group Withdraws, Citing ‘Security Integrity’ Concerns (theDeepDive)

• South Africa Announces Tax Breaks to Kick-Start EV Industry (Bloomberg)

• Mortgage demand takes a massive hit as interest rates cross back over 7% (CNBC)

• Senator Elizabeth Warren Once Again Calls On The DEA To Deschedule Marijuana (theDeepDive)

• Indicted ex-FBI informant told investigators he got Hunter Biden dirt from Russian intelligence officials (CNN)

• US offers up to $15 mln for information on Lockbit leaders, State Dept says (Reuters)

• Canada's oil boom threatens to bring back pipeline shortages (BNN)

• Is This Bill Going To Take Pornhub Away From Canadians? (theDeepDive)

• U.S. to Invest Billions to Replace China-Made Cranes at Nation’s Ports (WSJ)

• Biden cancels more student loan debt — has now unilaterally wiped away over $130B without Congress (FOX)

What’s the latest?

• Nvidia Frenzy: Nvidia faces heightened expectations as its significant growth leaves investors wondering if an earnings beat will sustain its stock momentum. Dubbed "the most important stock on planet earth" by Goldman Sachs due to its substantial influence on equity gains, Nvidia's upcoming earnings report is highly anticipated for indications of continued revenue growth, especially in generative artificial intelligence.

• FuboTV Lawsuit: FuboTV has initiated legal action against Disney, Fox, and Warner Bros. Discovery, alleging that their recently unveiled joint venture constitutes an "extreme suppression of competition" in the U.S. sports streaming sector. This lawsuit, which also implicates Disney-owned ESPN and Hulu, argues that the collaboration among these major competitors will significantly harm both market competition and consumer choice.

• Amazon To Join DJIA: Amazon will join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance, in a move that reflects the changing landscape of the American economy. This adjustment, effective before the market opens on February 26, aims to bolster consumer retail exposure within the Dow. The change, partly influenced by Walmart's 3-for-1 stock split, highlights Amazon's evolution from its early days as a bookseller to a dominant force in cloud computing and online retail .

• UAW vs Ford: The United Auto Workers union has negotiated a local contract with Ford Motor Co, specifically for the employees at Ford's Kentucky truck plant, which employs 9,251 workers. This facility is known for producing some of Ford's most lucrative F-series trucks. This new contract is distinct from the broader agreements reached last year between the UAW and Detroit automakers.

• Spanish Protests: Farmers in Spain caused significant traffic disruptions in Madrid with convoys of tractors as part of a wider European protest against what they perceive as burdensome regulations and insufficient government support. These protests, echoing frustrations in Poland, Greece, and the Czech Republic, are driven by demands for reduced bureaucracy under the European Union's Common Agriculture Policy and relaxed environmental regulations.

The solution to antibiotic resistance

The stock market and stuff

• Capital One To Acquire Discover Financial Services At $35 Billion Valuation (theDeepDive)

• Walmart’s PhonePe Launches India Mobile App Store to Rival Google (Bloomberg)

• Tesla Expansion In Germany Blocked By German Voters (theDeepDive)

• Icahn Enterprises Names Andrew Teno CEO as Asset Value Falls (BNN)

• What’s Going On With Super Micro Computer’s Crazed Share Surge And Crash? (theDeepDive)

In the juniors

• ATHA Energy Joint Venture With Stallion Uranium Identifies 560 Km Of Basement Conductive Trends (theDeepDive)

• Power Nickel Believed To Have Hit High Grade Platinum-Palladium Zone At Nisk (theDeepDive)

• Beyond Meat launches new, healthier version of burger in bid to bring back customers (CNBC)

• Brunswick Exploration Begins Winter Road Construction For Maiden Drilling At Elrond (theDeepDive)

• Bytes Technology shares plunge as CEO resigns (Reuters)

• Osino Resources Gets $1.90 Per Share Offer For Company, Pushing Dundee Precious Metals Out (theDeepDive)

FULL DISCLOSURE: First Lithium Minerals is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Lithium Minerals. The author has been compensated to cover First Lithium Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.