The Hedge Fund Billionaire Betting on Psychedelics, A New Uranium Era, and Green Steel

Hedge Fund Billionaire Steve Cohen is Betting on Psychedelics

Legendary hedge fund manager Steve Cohen’s Point 72, which boasts over $26 billion in assets, disclosed in a new filing that they have taken a position in a small publicly-traded clinical stage psychedelic biotech company working to create therapeutics for major depressive disorder and anxiety.

Global Governments Are Ushering in The Uranium Era

Uranium prices are surging as global governments have begun to prioritize accelerating their adoption of nuclear energy. What’s happening, how it works, and who is making moves:

Green Steel is Coming to Disrupt and Decarbonize Metals

Boston Metal is making fossil fuel free steel, and some of the world’s largest venture capitalists are behind it. Discover the big idea aiming to disrupt the global steel industry that contributes approximately 10% of all carbon emissions.

The Sprint

• UPSIDE Foods is going all in on a new $140 million facility for producing cell-cultivated meat in Illinois. The new factory was one of many significant advancements in the sector, as momentum continues to build for lab grown meat.

• Base, Coinbase’s recently launched layer 2 blockchain, hit a new record high for daily transactions and now boasts over 800,000 active wallets and $386 million in locked value.

• Orbio Earth is giving satellites a new purpose: pinpointing methane emissions.

• The race for launching a Bitcoin ETF is getting crowded, with asset managers controlling over $17 trillion of AUM filing to do so with the SEC.