The only way is up? Fidelity marks up the value of Elon Musk's 𝕏 by 11% 🤑; SEC is likely to approve spot Ethereum ETFs. What should investors expect? 🤔; Rising credit card delinquencies 📈
FinTech is Eating the World, 31 January
Hey Everyone,
Happy Wednesday! Today’s issue is the most interesting one this week as we’re going to look at Fidelity marking up the value of Elon Musk's 𝕏 by 11% (a holistic overview of the latest developments & why they matter + some bonus deep dives), SEC that’s likely to approve spot Ethereum ETFs soon (what’s happening + one graph every investor should memorize), and rising credit card delinquencies (looking at the latest data & its implications). Let’s jump straight into the amazing stuff 🌶
The only way is up? Fidelity marks up the value of Elon Musk's 𝕏 by 11% 🤑
The news 🗞️ Elon Musk's goal of transforming 𝕏 into an Everything App took another step forward this week as X Payments secured a money transmitter license in Nebraska and Nevada.
This license approval moves the upcoming peer-to-peer payment feature closer to its expected mid-2024 launch. It also moved the value of 𝕏 in Fidelity’s portfolio.
But let’s take a look at everything holistically.