Sleepless Nights and Market Movers: 21:00-7:00

21:00-7:00 Keywords: Twitter, BlackRock, USDT, SEC, MagicEden

Overnight updates on April 7th at a glance

If you’re a trader, investor, or just an individual who likes to keep an eye on the markets, you must have experienced sleepless nights, frantically refreshing your news feeds, and watching financial charts late at night. It’s no secret that the stock market, cryptocurrencies, and forex markets are worldwide and operate 24/7, which makes monitoring events challenging, especially when the majority of the breaking news is usually released during the night.
In this article, we will explore some of the key market-moving events and news that occurred between 21:00-7:00 in the past, including their impact on the market, and highlight some of the most important events to look out for in the future.

The Impact of Twitter on Stock Prices

Twitter, one of the largest social media platforms in the world, is known to have a significant impact on the stock market. It’s a platform where politicians, celebrities, and business leaders post their thoughts, news, and opinions about anything and everything. Tweets, especially those from business leaders, can make or break stock prices.
One of the most infamous examples is Tesla CEO Elon Musk’s tweet on August 7th, 2018, when he tweeted “considering taking Tesla private at $420. Funding secured.” This tweet sent Tesla’s stock prices soaring, rising by 11% in a day. However, the SEC intervened, claiming that the tweet misled investors, and the stock price plummeted.
On December 11th, 2018, President Donald Trump tweeted that he was “a Tariff Man,” indicating that he would implement tariffs on Chinese goods. This tweet sparked a trade war, and the stock prices of companies exposed to the Chinese market suffered major losses.

BlackRock Takes Over Wall Street

In October 2018, BlackRock, the world’s largest asset manager, took over Wall Street when it launched a free investment platform called “Aladdin.” The open-access platform aims to provide investment managers, traders, and portfolio managers with a one-stop-shop for data, analytics, and trading.
Aladdin’s launch coincides with growing concerns over the rise of passive investing, where investments are made in indices or exchange-traded funds instead of individual stocks. BlackRock’s platform is specifically designed to tackle this trend, offering specific information on the companies individuals invest in.
As trading continues around the clock, Aladdin has become a critical tool for traders and investors looking to make informed decisions about their investments.

Tether’s Impact on the Crypto Market

Tether, a digital asset used to represent US dollars on blockchain networks, has had a significant impact on the cryptocurrency markets. In 2019, the New York Attorney General’s office released a report claiming that Tether was being used to commit fraud and manipulate bitcoin prices. This report led to a significant drop in bitcoin prices.
Tether’s market capitalization now stands at over $60 billion, making it one of the most significant cryptocurrencies globally. Tether’s impact on the cryptocurrency markets is undeniable, with its fluctuations having a ripple effect on other digital assets.

SEC Takes Action

The Securities and Exchange Commission (SEC) regulates the US stock markets and plays a crucial role in preventing fraud, insider trading, and other illegal practices from occurring.
In 2018, the SEC filed 20 cases involving Initial Coin Offerings (ICO) and digital assets. These cases aimed to halt ICO fraud, which was rampant in the cryptocurrency market at the time. The SEC has also taken legal action against several high-profile individuals, including Elon Musk, who were accused of breaking securities laws through their social media posts.

MagicEden’s Rise

MagicEden, an NFT crypto game, launched on the Polygon Network in 2021. It offers a unique gaming experience and has become incredibly popular among the crypto community. The game allows players to trade dragon eggs, which are stored as NFTs, and raise and train dragons that can then be used to battle other players’ dragons.
The rise of NFTs has been a significant story in the crypto world in recent years, with several artists and musicians releasing their work as NFTs. The success of MagicEden suggests that the trend is unlikely to die down soon.

Conclusion

The 24/7 nature of the global markets means that traders and investors must keep up with the latest news and events, even if it means losing sleep. The impact of social media, the rise of new investments platforms like Aladdin, and the ever-changing world of cryptocurrencies mean that the 21:00-7:00 window is crucial for markets worldwide.

FAQs

Q: Can a single tweet really impact stock prices?
A: Yes, in some cases, a single tweet from a business leader or a political figure can have a significant impact on the stock market.
Q: Why does the SEC take legal action against social media posts?
A: The SEC regulates the US stock market and aims to prevent fraud and insider trading. Social media posts can have an impact on stock prices and can, therefore, be subject to regulation.
Q: What are NFTs?
A: NFTs, or Non-Fungible Tokens, are digital assets that are unique and not interchangeable. They’re becoming increasingly popular in the art and gaming world.