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=E2=80=A6and bitcoin tumbles down M= t. Gox
<= tr>
 
=
<= /tr>
=
New ta= xpayer-funded jaguar head coming soon? (Dan Mullan/Getty Images)
 
<= /td>
Sponsored by
<= tbody>
<= tr>
Yesterday=E2=80=99s Market Moves
 
Dow Jone= s
39,128 (+0.04%)
S&P 500
5,478 (+0.16%)		Nasdaq
17,805 (+0.49%)		Bitcoin
$61,004 (-= 1.27%)
Dow Jones
39,128 (+0.04%)		S&P 500
5,478 (+0.16%)
= Nasdaq17,805 (+0.49%)Bitcoin
$61,004 (-1.27%)=
<= /table>
MAKESOMENOISE
<= /div>
<= /table>

Fandom gives owners leverage=E2=80=A6 Stadium subsidies gain mo= mentum through pressure on lawmakers who don=E2=80=99t want to be =E2=80=9C= the one who let =E2=80=99em go.=E2=80=9D Federal legislation to curb the pr= actice hasn=E2=80=99t had much success. Still, when taxpayers have had a sa= y in the matter, they=E2=80=99ve occasionally nixed big subsidy deals. In A= pril, Missouri voters rejected a stadium-financing effort for the Chiefs an= d Royals, which led to Kansas=E2=80=99 poaching attempt.

Read this online

Upgrading the kiss cam=E2=80=A6 with a little help from = taxpayers. The Carolina Panthers secured $650M in = public funds this week to renovate Charlotte=E2=80=99s Bank of America Stadium. That=E2=80=99s half the $1.3B expected cost to upgrade the near= ly 30-year-old facility. (FYI: the Panthers ended last season with the wors= t record in the NFL.) Nearly 400 miles south, Jacksonville taxpayers will k= ick in $775M toward the Jaguars=E2=80=99 $1.4B revamp of EverBank St= adium. Economists have said that stadium subsidies don=E2=80=99t provide a = net economic benefit for their surrounding metros. The practice doesn=E2=80= =99t look to be letting up:

  • The border war: Kansas officials last week <= a href=3D"https://sg.robinhood.com/ls/click?upn=3Du001.XlCJqwwOL58T-2B5u1T1= OmQG7yBdsiMXKfX0PWG-2BR3J3isoZ-2BY4lYE-2FlWAD3VG0Cj3OKdpEKXukAP9Y-2BDwYHTsy= WMjOwEUJXidF6eRffEUBgyji4pAgUOfIlTvcV43M-2BCJl28v-2FZa-2BUACnlqpmw9Bf8lSrxR= MxTzJyhdhorjKTxYnILBawswekSCHSAmPwlPxMu9S2HpznfGA1XrAyZIRWs7U39wjcEtDh1HC8k= IVzHZ8-3DW5ki_IHWeHh5OxE-2FFI4JuNZQ4XTt6Ks7Su2x6u3F6QZGQ-2BodgnEHT8k5DyHF5u= hkmwojRDKHQpo-2FyXJkL4VC7UbWJ4dshlbkY5OaGxkEXOcQ4L8HQDpwSbRKHPNeEUSvt-2FSap= 1okcZE2k3pAMAyYMSJkAP5k3uDMsylKQtDTBI1kXbv2ZtoJK1tIOYoM8GlIN7IdLXfq8Bnfyp6I= fXO0X0627nfk-2FpX7BSYwU0TnZL9OE2PDkWJAob-2Bk9moLAP9JMfT2NlTmRwcDWzGeKjs2gsX= QnzheGfS-2BGKb7jiw0qx5cJ5pEAT73btMfNMuiX6Gw0liCNcViOqgQpjXgbTTTHwvGU2leIEhK= vAGWOkt3tYmNtvoDqNY6ncPKU5sIJaN46K3DgiJYTEP0d0PsGG-2FrAIbYPHMbSou39W16KBfQg= FiNttt6ezHuj3-2BctAyPR0QW-2FbLl3Lld6WjiMO4h-2Bu8TnHahymDmMpm43lfXr1Cd2DT1cz= EUpb9EwVxcsl-2Bs2UeTj0adQvWnGFJs5b8YOphDAUBH37nB-2BdxXTRsUcREgdbbSwXrgd2TzA= nDeuSOb07qF5NU1MGhjB052Ej0iuotLlsd3-2B0g9Ai68WugJnxiUhE1f4P7LmrKSrpcj9prDss= zXwVPlc4WtdExWYi9CLNi6An5PPVNVPw-2B-2BXkhvEuBcThdzXEotdatwht2Y5R-2Fg7s4fRZW= ED7VKcli1-2BdeOTRlsS6HCCmw-3D-3D rel=3D"noopener" style=3D"color:#5869FF;fo= nt-weight:bold;text-decoration:underline;text-decoration-thickness:2px;text= -underline-offset:1px" target=3D"_blank" class=3D"css-0">passed = a law that would help cover 70% of the expected $3.5B cost of new stadiums = if the Chiefs and Royals moved from Missouri.

  • Browns=E2=80=99 noise: In Cleveland, lawmakers are co= nsidering $600M in state funding for a new stadium for the Browns. That wou= ld amount to 12x Ohio=E2=80=99s record for state spending on a single pro-s= tadium project.

The money=E2=80=99s not here=E2=80=A6 Taxpayers have spent ~$30B on stadiums since 1990, but researchers have s= aid the projects =E2=80=94 often pitched as investments in jobs and growth = =E2=80=94 haven=E2=80=99t resulted in notable ROI for taxpayers. A 2021 New= York analysis of the state=E2=80=99s $850M stadium subsidy for the Buffalo= Bills said the largest revenue source from the deal would come from income= taxes paid by the team=E2=80=99s players.

THE TAKEAWAY

Sponsored by EnergyX

The Lithium Boom

Did= you know it takes 10,000 iPhone batteries worth of Lithium to make just 1 = EV battery?

With 350M+ EVs projected to be sold globally by 2030, dem= and for Li is projected to soar and current extraction methods won=E2=80=99= t be able to meet the demand. So when Energ= yX revealed that their technology could extract 300% more lithium than = traditional methods, investors everywhere took note.

The company has = raised $90M+ of investments from General = Motors and others, and just last week they announced Project Lonestar, = a US lithium plant supported by a $5M Department of Energy grant.

Ene= rgyX has opened a retail offering for all investors. This is a unique oppor= tunity to join one of the biggest Fortune 500 companies and invest on the g= round floor as EnergyX is set to unlock a massive lithium supply.=C2=A0

=

Invest in EnergyX at $9/share price before mid= night PST tonight.*

<= /table>

GOT-G= OX
<= /table>

Bitcoin seesaws as= investors stare down Mt. Gox=E2=80=99s looming $8.5B crypto repayment

<= /div>

Slidin=E2=80=99 down the mountain=E2=80=A6 Bitcoin=E2=80=99s had a rough week. The OG crypto fell below $60K = on Monday and has struggled to climb back to its mid-March highs. The price= stumble came after Mt. Gox, a defunct bitcoin exchange, said it wou= ld start repaying $8.5B in bitcoin and bitcoin cash to its creditors= next month. Some investors feared the newly coin-rich creditors might imme= diately sell their crypto, which could flood the market and push prices dow= n.

  • <= b>Adding fuel: Traders pointed to the German gov=E2=80=99t, which last = week was said to have sold $325M in BTC seized from the operators of a movi= e-piracy site (authorities confiscated ~$3B).

  • Dragged down: Crypto-linked companies like Coinbas= e and MicroStrategy also saw their share prices slip early this = week.

Worth the wait=E2=80=A6 Tokyo-based Mt. Gox co= llapsed and declared bankruptcy in 2014 after a series of hacks, placing 24= K customers=E2=80=99 digi assets in legal limbo. At the time, one bitcoin w= as worth ~$600. Now the Mt. Gox users who=E2=80=99ve been waiting a decade = will be (partially) repaid coins worth more than 100x that amount. But not ev= eryone thinks they=E2=80=99ll rush to cash in on their newfound coi= n wealth. Galaxy Research, a digital asset and blockchain biz, wrote on = X that many creditors had the opportunity to sell their claims long ago= . Aka: if those Mt. Gox customers are still holding out, they may be in cry= pto for the long haul.

THE TAKEAW= AY

The =E2=80=9Cfut= ure of finance=E2=80=9D is working through its past=E2=80=A6 Crypto kee= ps striding toward the mainstream with developments like spot bitcoin ETFs, but its foundation w= as built on rough patches in the margins. Like: Mt. Gox started as a place = to trade =E2=80=9CMagic: The Gathering=E2=80=9D cards. Those rough spots sh= owed up in the markets this week.

Rea= d this online

<= /table>
What else we're Snackin'

    Volts: R= ivian shares spiked 23% after Volkswagen said it=E2=80=99d inves= t up to $5B in the e-pickup maker. Rivian has cut costs and teased five new= vehicles in a drive to reach its first profit.

  • IOU: A federal judge blocked = President Biden=E2=80=99s income-driven student-loan repayment program (aka= =E2=80=9CSAVE=E2=80=9D) from forgiving more debt. The Biden admin=E2=80=99= s canceled $5.5B in debt for 414K borrowers since SAVE launched in August.<= /p>

  • Cuff: Grindr shares gained nearly 40% this year as the biz grew user #s= , shared rosy outlooks, and pivoted from hookups. Meanwhile, Tinder parent = Match Group and Bumble have struggled to get more paying user= s.

  • Mics<= /b>: The year=E2=80=99s first debate between President Biden and= former POTUS Trump is tonight, and CNN=E2=80=99s viewership could use a bo= ost. For markets, experts are predicting volatility this election szn.

  • Hibit: Bybit zoomed past Coinbase in March to become the world=E2=80=99s No. 2 crypto exchange by trading v= olume (behind Binance). The launch of bitcoin ETFs helped Bybit 2x i= ts market share in less than six months.

=
<= /table>
<= tr>
Snack = Fact Of the Day

Traffic cong= estion last year cost the US $70B+

<= /table>
=
Thursday

  • Q1 GDP

  • Earnings expected= from Walgreens Boots Alliance, McCormick, and Nike=

Authors of this Snacks own bitcoin and shares of: Amaz= on and Disney

Advertiser's disclosures:

* Past perf= ormance is no guarantee of future results. Start-up investments are specula= tive and involve a high degree of risk. Those investors who cannot afford t= o lose their entire investment should not invest in start-ups. Companies se= eking startup investment tend to be in earlier stages of development and th= eir business model, products and services may not yet be fully developed, o= perational or tested in the public marketplace. There is no guarantee that = the stated valuation and other terms are accurate or in agreement with the = market or industry valuations. Further, investors may receive illiquid and/= or restricted stock that may be subject to holding period requirements and/= or liquidity concerns.

This is a paid advertisement for EnergyX=E2= =80=99s Regulation A+ Offering. Please read the offerin= g circular and related= risks at inves= t.energyx.com

<= /tbody>
<= /td>
<= /table><= /html> --98ae06369b8d5e290e84d4c283e24d149990a43edc2f11c211a3128f2b33 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=utf-8 Mime-Version: 1.0
=E2=80=A6and bitcoin tumbles down M= t. Gox
Sherwood Media, LLC prod= uces fresh and unique perspectives on topical financial news and is a fully= owned subsidiary of Robinhood Markets, Inc., and any views expressed here = do not necessarily reflect the views of any other Robinhood affiliate... See more
<= tr>
=
 
<= tr>
New taxpayer-funded jaguar head coming soon? (Dan Mullan/Getty Images)<= /div>
 
=
Sponsored by
Yesterday=E2=80=99s Market Moves<= /div>
 
Bitcoin<= br>$61,004 (-1.27%)
Dow Jones
(+0.04%)		5,478 (+0.16%)Nasdaq
17,805 (+0.49%)		Bitcoin
$61,004 (-1.27%)
<= tr>Do= w Jones
39,128 (+0.04%)		S&P 500
5,478 (+0.16%)=
Nasdaq
17,805 <= span style=3D"color: rgb(0, 200, 5);">(+0.49%)
=
<= /table>
<= tr>

Hey Snackers,

In a move the White Rabbit would love= , Disney World will soon let hotel guests book ride reservations seven days befor= e their trip. Because sprinting to Space Mountain when the gates open isn= =E2=80=99t the most fun family-bonding activity.

Stocks ticked up = yesterday with Amazon crossing $2T and helping to push the Nasdaq in= to the green. Meantime, the Fed said all 31 big US banks had passed its ann= ual =E2=80=9Cstress test.=E2=80=9D

MAKESO= MENOISE
<= /table>
=

The NFL=E2=80= =99s Panthers and Jaguars score taxpayer infusions as stadium subsidies gro= w

Upgrading the kiss cam=E2=80=A6 wit= h a little help from taxpayers. The Carolina Panthers secured $650M in public f= unds this week to renovate Charlotte=E2=80=99s Bank of America Stadi= um. That=E2=80=99s half the $1.3B expected cost to upgrade the nearly 30-ye= ar-old facility. (FYI: the Panthers ended last season with the worst record= in the NFL.) Nearly 400 miles south, Jacksonville taxpayers will kick in $= 775M toward the Jaguars=E2=80=99 $1.4B revamp of EverBank Stadium. E= conomists have said that stadium subsidies don=E2=80=99t provide a net econ= omic benefit for their surrounding metros. The practice doesn=E2=80=99t loo= k to be letting up:

  • The border war: Kansas officials last week passed= a law that would help cover 70% of the expected $3.5B cost of new stad= iums if the Chiefs and Royals moved from Missouri.

  • Browns=E2=80=99 noise: In Cleveland, lawmakers a= re considering $600M in state funding for a new stadium for the Browns. Tha= t would amount to 12x Ohio=E2=80=99s record for state spending on a single = pro-stadium project.

The money=E2=80=99s not here=E2=80= =A6 Taxpayers have spent ~$30B on stadiums since 1990, but researchers = have said the projects =E2=80=94 often pitched as investments in jobs and g= rowth =E2=80=94 haven=E2=80=99t resulted in notable ROI for taxpayers. A 20= 21 New York analysis of the state=E2=80=99s $850M stadium subsidy for the B= uffalo Bills said the largest revenue source from the deal would come from = income taxes paid by the team=E2=80=99s players.

THE TAKEAWAY

Fandom gives owners leverage=E2= =80=A6 Stadium subsidies gain momentum through pressure on lawmakers wh= o don=E2=80=99t want to be =E2=80=9Cthe one who let =E2=80=99em go.=E2=80= =9D Federal legislation to curb the practice hasn=E2=80=99t had much succes= s. Still, when taxpayers have had a say in the matter, they=E2=80=99ve occa= sionally nixed big subsidy deals. In April, Missouri voters rejected a stad= ium-financing effort for the Chiefs and Royals, which led to Kansas=E2=80= =99 poaching attempt.

= Read this online

Sponsored by EnergyX
=
<= img height=3D"auto" src=3D"https://sherwoodnews.imgix.net/1_EnergyX_Partner= ships_052324_005 (1).png?auto=3Dcompress,format&cs=3Dsrgb&fit=3Dmax" style= =3D"border:0;display:block;outline:none;text-decoration:none;height:auto;wi= dth:100%;font-size:13px;" width=3D"536">

The Lithium Boom

Did you know it takes 10,000 iPhone batteries wor= th of Lithium to make just 1 EV battery?

With 350M+ EVs projected to = be sold globally by 2030, demand for Li is projected to soar and current ex= traction methods won=E2=80=99t be able to meet the demand. So when EnergyX revealed that their technolog= y could extract 300% more lithium than traditional methods, investors every= where took note.

The company has raised $90M+ of investments from General Motors and others, and just l= ast week they announced Project Lonestar, a US lithium plant supported by a= $5M Department of Energy grant.

EnergyX has opened a retail offering= for all investors. This is a unique opportunity to join one of the biggest= Fortune 500 companies and invest on the ground floor as EnergyX is set to = unlock a massive lithium supply.=C2=A0

Invest in EnergyX at $9/share price before midnight PST tonight.= *

<= /div>
<= /table>

GOT-G= OX
<= /table>

Bitcoin seesaws as= investors stare down Mt. Gox=E2=80=99s looming $8.5B crypto repayment

<= /div>

Slidin=E2=80=99 down the mountain=E2=80=A6 Bitcoin=E2=80=99s had a rough week. The OG crypto fell below $60K = on Monday and has struggled to climb back to its mid-March highs. The price= stumble came after Mt. Gox, a defunct bitcoin exchange, said it wou= ld start repaying $8.5B in bitcoin and bitcoin cash to its creditors= next month. Some investors feared the newly coin-rich creditors might imme= diately sell their crypto, which could flood the market and push prices dow= n.

  • <= b>Adding fuel: Traders pointed to the German gov=E2=80=99t, which last = week was said to have sold $325M in BTC seized from the operators of a movi= e-piracy site (authorities confiscated ~$3B).

  • Dragged down: Crypto-linked companies like Coinbas= e and MicroStrategy also saw their share prices slip early this = week.

Worth the wait=E2=80=A6 Tokyo-based Mt. Gox co= llapsed and declared bankruptcy in 2014 after a series of hacks, placing 24= K customers=E2=80=99 digi assets in legal limbo. At the time, one bitcoin w= as worth ~$600. Now the Mt. Gox users who=E2=80=99ve been waiting a decade = will be (partially) repaid coins worth more than 100x that amount. But not eve= ryone thinks they=E2=80=99ll rush to cash in on their newfound coin= wealth. Galaxy Research, a digital asset and blockchain biz, wrote on X= that many creditors had the opportunity to sell their claims long ago.= Aka: if those Mt. Gox customers are still holding out, they may be in cryp= to for the long haul.

THE TAKEAWAY

The =E2=80=9Cfuture of finance=E2=80=9D is working through= its past=E2=80=A6 Crypto keeps striding toward the mainstream with dev= elopments like spot bitcoin ETFs= , but its foundation was built on rough patches in the margins. Like: Mt. G= ox started as a place to trade =E2=80=9CMagic: The Gathering=E2=80=9D cards= . Those rough spots showed up in the markets this week.

Read this on= line

<= /table>
What else we're Snackin'

=
<= /table>
Snack = Fact Of the Day

Traffic cong= estion last year cost the US $70B+

<= /table>
=
Thursday

  • Q1 GDP

  • Earnings expected= from Walgreens Boots Alliance, McCormick, and Nike=

Authors of this Snacks own bitcoin and shares of: Amaz= on and Disney

Advertiser's disclosures:

* Past perf= ormance is no guarantee of future results. Start-up investments are specula= tive and involve a high degree of risk. Those investors who cannot afford t= o lose their entire investment should not invest in start-ups. Companies se= eking startup investment tend to be in earlier stages of development and th= eir business model, products and services may not yet be fully developed, o= perational or tested in the public marketplace. There is no guarantee that = the stated valuation and other terms are accurate or in agreement with the = market or industry valuations. Further, investors may receive illiquid and/= or restricted stock that may be subject to holding period requirements and/= or liquidity concerns.

This is a paid advertisement for EnergyX=E2= =80=99s Regulation A+ Offering. Please read the offering circular and related risks at = invest.energyx.com

=
<= /tbody>
=
<= /div>
Sherwood Media, LLC produces fresh and = unique perspectives on topical financial news and is a fully owned subsidia= ry of Robinhood Markets, Inc., and any views expressed here do not necessar= ily reflect the views of any other Robinhood affiliate... See more
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