Closed-end funds like Cornerstone Strategic Investment Fund (CLM), Cornerstone Total Return Fund (CRF), and PIMCO Dynamic Income Fund (PDI) advertise near 19% yields, but much of this is return of capital rather than income. Over the past decade, their distributions have dropped by about two-thirds, signaling a shrinking asset base. These funds also use rights offerings and trade at premiums, which dilute shareholders or require more investment at high prices. Leveraged funds like PDI face rising borrowing costs that hurt returns. Cheaper alternatives like Vanguard ETFs offer similar market exposure without these hidden costs and risks. Investors should carefully check what portion of distributions is actual earnings versus return of capital before relying on these funds for income.
US-listed XRP ETFs attracted $28.14 million on August 26, marking the second-largest daily inflow in 2026, led by Bitwise with $13.12 million. Whale wallets accumulated about 460 million XRP tokens, the strongest since February, signaling strong inst...
At Bitcoin Asia 2026 in Hong Kong, former Binance CEO Changpeng Zhao predicted Bitcoin will overtake gold's significance during the next bull market cycle. While gold's market cap is about $32.4 trillion, Bitcoin currently holds $1.6 trillion, with Z...
In 2026, the United States saw its share of Bitcoin's total mining hashrate decline by about 0.823%, losing roughly 55 exahash per second (EH/s), though it remains the largest miner globally. Meanwhile, China and Russia increased their share of the g...
Meta has agreed to an $18 billion legal settlement, which translates to about $1 billion per year—an amount negligible compared to its substantial revenue and earnings. The settlement resolves regulatory uncertainties, allowing Meta to focus on its c...
Genius Group, after selling its entire Bitcoin reserve to repay $8.5 million in debt, plans to rebuild its Bitcoin and AI treasuries to a combined $1.6 billion by fiscal year 2031. The company aims to grow total assets to $2 billion and will fund tre...
