The only way is up? Fidelity marks up the value of Elon Musk's ๐ by 11% ๐ค; SEC is likely to approve spot Ethereum ETFs. What should investors expect? ๐ค; Rising credit card delinquencies ๐
FinTech is Eating the World, 31 January
Hey Everyone,
Happy Wednesday! Todayโs issue is the most interesting one this week as weโre going to look at Fidelity marking up the value of Elon Musk's ๐ by 11% (a holistic overview of the latest developments & why they matter + some bonus deep dives), SEC thatโs likely to approve spot Ethereum ETFs soon (whatโs happening + one graph every investor should memorize), and rising credit card delinquencies (looking at the latest data & its implications). Letโs jump straight into the amazing stuff ๐ถ
The only way is up? Fidelity marks up the value of Elon Musk's ๐ by 11% ๐ค
The news ๐๏ธ Elon Musk's goal of transforming ๐ 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 ๐ in Fidelityโs portfolio.
But letโs take a look at everything holistically.