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Traditional finance 🤝 Tokenization |
In our previous explorations of the benefits and pitfalls of tokenization, three things have become clear: |
Traditional markets have limitations which tokenization can solve Tokenization is earning trust and respect (Blackrock just changed their mind on it) There are companies to pay attention to |
One company to watch is Diamond Lake Minerals ($DLMI). |
They started in 1954, but are now tokenizing assets across commercial real estate, music, tv, media, and IP, consumer products |
| DLMI creates SEC-registered tokenized securities. |
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How it works: |
Their Security Token Offerings (STOs) allow for real-time settlements and improved transparency. DLMI ensures that all investments are conducted on SEC-regulated platforms making it a safe and compliant way to enter the world of digital securities. Investors can take advantage of tokenized assets and fixed-rate bonds, providing monthly payments or compounding interest. |
Recent news: |
New CEO Brian Esposito took over Aug 23 and has lifted the stock from $0.35 to a high of $13 Invested in Upstream: their own licensed digital asset/security token exchange Partnered with Republic, Colliers, and Boxabl |
| DLMI's advisors include Anthony Scaramucci ("The Mooch"), Larry Namer, and Raul Leal |
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DLMI is a publicly-traded security. Accredited and non-accredited investors can invest. |
Learn more: |
DLMI Teaser DLMI Deck |
Have a question for CEO Brian Esposito? |
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Safe Harbor Statement |
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📰 Market Headlines |
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Stocks retreated, with the S&P 500 and Dow snapping their recent winning streaks. The S&P 500 fell 0.19%, while the Dow dropped 0.70%. Meta unveiled a $299 Quest 3S VR headset, positioning it as a full computer to compete with Apple. OpenAI CTO Mira Murati announced her departure from the company after six and a half years. Pfizer announced plans to withdraw its sickle cell disease treatment Oxbryta from all markets. |
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🕶️ Market Vibes |
🎰 Market Forecasts and Futures |
Forecasts via Kalshi, the prediction market. |
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😱 Fear and Greed Index |
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🎤 What you said last time |
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What you had to say: |
“People will always worry. Some things will be better; others will be worse. Net neutral.” |
📈 Trends you need to know | | Wealth concentration has increased as union membership declined in the US. |
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🧠 What do you think? |
After years of decline, unions are flexing their muscles again. |
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Stronger unions are |
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📊 Stocks |
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Winners and losers |
Earnings, upgrades, and acquisitions |
Micron forecast Q1 revenue of $8.70 billion, above estimates of $8.28 billion; shares surged 10%. Cintas reported Q3 EPS of $1.10, beating estimates and topping expectations, but shares went down 1%. Jefferies Financial Group options indicated a 2.9% move in share price post-earnings; shares were up 0.7%. |
Market movers |
Volkswagen rejected union demands as workers threatened strikes over potential plant closures in Germany. Alphabet, Goldman Sachs, and nine other firms agreed to pay $3.8 million in penalties to settle SEC charges over late filings. Southwest Airlines made plans to reduce staff, cutting more than 300 pilot and flight attendant positions. The FTC cracked down on deceptive AI claims, taking action against five companies including DoNotPay and Rytr for misleading consumers. CBS Broadcasting laid off 12 WGA East members as part of broader Paramount cuts affecting 2,000 employees. |
Ideas, trends, and analysis |
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🌍 Global Perspectives | | 🇷🇺🇨🇳 Russia established a secret drone factory in China to develop and produce long-range attack UAVs for use. 🇨🇳 China test-fired an intercontinental ballistic missile into the Pacific. 🇺🇸🇺🇦 The US prepared $8 billion in arms aid packages for Ukrainian President Zelenskiy's visit. 🇪🇨 A raging wildfire threatened homes in Ecuador's capital Quito during a historic drought that stretched resources. 🇹🇳 A Tunisian court sentenced presidential candidate Ayachi Zammel to six months in prison on charges of falsifying documents. |
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📊 Crypto | | PayPal enabled US merchants to buy, hold, and sell cryptocurrency from their business accounts. The first money-market ETF launched with Texas Capital Bank's MMKT ETF. Ether.fi thwarted a domain hijack attempt, crediting enhanced security measures. | |
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🧠 Errata | NASA's Europa Clipper spacecraft will probe Jupiter's moon for signs of life in 2031. A European satellite named DRACO will obliterate itself for science. FEMA and the NFL teamed up to use stadiums as disaster relief centers. Three Ohio sisters inherited a rare 1975 dime potentially worth over $500,000. |
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📺 What to Watch Today |
| Europa Clipper: Exploring Jupiter’s Ocean Moon (Mission Overview) |
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That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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