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Pension Funds Buying Ethereum, Hydrogen Buses, And The Big Business Of Election Betting

Pension Funds Buying Ethereum, Hydrogen Buses, And The Big Business Of Election Betting

The markets and trends that matter, made simple. Discover what’s next.

November 05, 2024

Pension Funds Are Now Buying Ethereum ETFs

The State of Michigan’s Retirement System pension fund has officially been revealed to own more than $10 million of exposure to spot Ethereum ETFs according to recent filings with the United States Securities and Exchange Commission, marking the first time that an American pension fund has ever disclosed an Ethereum ownership stake through the traditional public markets.

A New Supply Deal For Hydrogen Fuel Cell Engines

Ballard Power (NASDAQ: BLDP) has landed a new deal to supply heavy duty bus company New Flyer with 200 hydrogen fuel cell engines. New Flyer is a subsidiary of low emission bus conglomerate NFI Group (TSX: NFI). Hydrogen fuel cell powered vehicles have become an increasingly exciting area of opportunity amidst the energy transition, both for being a zero emissions vehicle and for their long range capabilities and quick refuelling times.

The Election Has Become Big Business For Betting Platforms

Betting platforms and prediction markets are playing a bigger role than ever before in the United States presidential election. Record breaking amounts of wagers have been placed, reaching nearly $4 billion of cumulative volume and generating enormous controversy, cultural excitement and criticism.

The Sprint

Deutsche Telekom, Europe’s largest telecommunications company and the parent company of T-Mobile, has launched a new pilot project for mining Bitcoin with their excess renewable energy.
Rocket Lab USA (NASDAQ: RKLB) successfully launched their 54th Electron mission and deployed a satellite into low Earth orbit for a commercial customer.
Tigo Energy (NASDAQ: TYGO) is supplying components that will be installed in the construction of Brazil’s new largest floating solar panel project.
Li-Cycle (NASDAQ: LICY) announced a new offtake agreement with commodities conglomerate Glencore. The company is also working to finalize a multi hundred million dollar loan from the United States Department of Energy for advancing their domestic battery material recycling operations.
Reconnaissance Energy Africa (TSXV: RECO) has become the first company focused exclusively on oil and gas to list onto the Namibian Stock Exchange.
Physical Intelligence raised a $400 million funding round led by Jeff Bezos, Thrive Capital, and Lux Capital, to advance their ‘generalist brain’ technology for robotics.
Paxos has launched the Global Dollar Network in partnership with Robinhood (NASDAQ: HOOD) and Galaxy Digital (TSX: GLXY) and is aiming to accelerate the adoption of stablecoin technology.

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