XAI Floating Rate & Alternative Income Trust (XFLT) is holding a special shareholder meeting on July 30, 2026, to vote on approving King Street Capital Management as its new investment sub-adviser. The XFLT Board supports King Street, citing its strong track record and potential to improve fund performance and distributions without increasing fees. Shareholders are urged to vote "FOR" the King Street Sub-Advisory Agreement using the white proxy card. The former sub-adviser, Octagon, will not be reinstated regardless of the vote outcome, and no fee changes are planned either way. This vote resolves ongoing uncertainty about the fund's management.
Nvidia has successfully signed Toyota, Fanuc, Kioxia, and five other leading Japanese industrial companies into its physical AI coalition this week. This move highlights Nvidia's expanding influence in the AI sector and its strong partnerships with k...
Phantom, a popular multi-chain crypto wallet, will stop supporting the Monad network on August 26, giving users about a month to move their MON tokens and other Monad assets to alternative wallets like MetaMask or Rabby. The decision comes after roug...
SoFi Technologies is rated 'Strong Buy' with a fair value estimate between $22 and $26, highlighting its undervaluation compared to peers despite strong book value growth. The company's tech-driven banking model supports high product growth per membe...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
ARK Invest added about $251,500 in shares of BitMine Immersion Technologies and the 3iQ Solana Staking ETF across three of its ETFs, increasing its crypto-related holdings. The ARK Innovation ETF bought 5,264 BitMine shares worth $83,100, while the A...
