Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.
Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.
And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.
Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
New Tariffs Threaten Global Supply Chains
Former President Donald Trump has announced plans to impose a 100% tariff on imported semiconductors. This policy aims to bolster domestic manufacturing and national security by exempting chips produced within the United States. While intended to reshore production, industry groups express concerns that these levies could significantly increase costs for businesses and consumers, potentially disrupting global supply chains.
The proposed tariffs pose a devastating threat to economies heavily reliant on semiconductor exports, such as the Philippines, where semiconductors constitute 70% of electronic exports. Dan Lachica, president of the Philippine semiconductor industry, warned of severe economic fallout, reflecting broader anxieties among manufacturers. Toyota has also revised its profit forecast downwards due to the anticipated impact of these trade tariffs, highlighting the widespread economic uncertainty.
US Job Market Slows
The U.S. labor market showed significant signs of weakening in July, with only 73,000 new jobs added, falling considerably short of expectations. This slowdown was compounded by substantial downward revisions to May and June payrolls, which collectively erased over 250,000 previously reported jobs. As a result, the national unemployment rate increased to 4.2%, indicating a broader deceleration in economic activity.
This overall softening in the job market has intensified speculation regarding the Federal Reserve's monetary policy. Futures markets now indicate a high probability of a 0.25% interest rate cut by the Fed at its upcoming September meeting, a direct response to the weak employment data. Additionally, long-term unemployment, defined as individuals jobless for 27 weeks or more, rose to 1.83 million in July, exceeding pre-pandemic levels and highlighting a persistent challenge within the labor force. The Federal Reserve's next interest rate decision will be closely watched.
US President Donald Trump's new 100% tariffs on semiconductors are poised to devastate the Philippines, impacting 70% of its electronic exports, while exempting US-made chips.
BYD is poised for global EV market dominance, having surpassed Tesla in total revenue in 2024, while Tesla reported its steepest quarterly revenue decline in over a decade.
London's stock market is shrinking at its fastest rate since 2010, with firms increasingly relocating listings to European and US financial centers.
The EU and Indonesia have reached a political agreement on a trade deal after nine years of talks, aiming to strengthen ties amidst global trade tensions and U.S. tariff threats.
An analysis explores the significant growth potential of a $100 investment in Shopify made 15 years ago.
Cathie Wood's Ark Invest actively traded, scooping up $38 million in AMD stock as it slipped, while divesting from Palantir and Shopify after their recent highs.
Bitcoin's Conflicting Technical Outlook
Bitcoin's price is currently navigating a period of conflicting technical signals, leading to market uncertainty. On one hand, a notable inverse head and shoulders pattern has emerged on the weekly chart, typically indicating a bullish continuation following a confirmed neckline breakout.
However, this bullish outlook is challenged by bearish divergence from the Stochastic RSI indicators on the same weekly chart. These indicators are trending downwards, a movement that could potentially invalidate the otherwise bullish inverse head and shoulders pattern. For the pattern to remain a viable signal for an upward trajectory, the Stochastic RSI would need to reverse its trend and establish support near the 50.00 level.
Conversely, the daily chart offers a more optimistic perspective through its Relative Strength Index (RSI). Historical data suggests that similar movements in this indicator have preceded a significant 25% price increase for Bitcoin.
As a result, market participants are closely monitoring these diverging technical indicators to ascertain Bitcoin's most probable short-term direction. The interplay between these bullish and bearish signals will dictate whether Bitcoin can sustain an upward trend or faces further consolidation.
Altcoin Market Cap Poised for Significant Gains
The market capitalization of altcoins, excluding Bitcoin and Ethereum (Total3), is demonstrating strong bullish indicators across multiple timeframes. Recent technical analysis reveals the formation of both a short-term bull flag and a longer-term cup and handle pattern, suggesting substantial potential for upward movement in the broader altcoin sector.
On shorter timeframes, Total3 is currently exhibiting a bull flag pattern. This formation typically signals a continuation of a prior uptrend. A successful breakout from this pattern could propel Total3 to approximately $1.18 trillion, establishing a new all-time high for the altcoin market capitalization and indicating immediate upside potential.
Concurrently, a more significant cup and handle pattern is developing on Total3's weekly chart, recognized as a strong bullish signal for long-term growth. For the handle to complete, Total3 needs to reach $1.13 trillion. A subsequent decisive breakout above the pattern's neckline could target an ambitious $2 trillion market capitalization, representing more than a doubling of its current valuation and signaling a major expansion for altcoins.
Ruvi AI, with its CoinMarketCap listing and AI super app, has raised $2.7M in a presale nearing completion, signaling an imminent price increase.
Smarter Web Company launched Smarter Convert, a $21 million bitcoin-denominated convertible bond, fully subscribed by institutional investor TOBAM to expand its treasury.
Bank of America CEO Brian Moynihan backs regulatory reform amidst Donald Trump's debanking claims, as the crypto industry warns of financial access issues due to overreach.
Parataxis Holdings is set to go public through a SPAC merger with Silverbox (NYSE: SBXD), aiming to raise up to $640 million for its bitcoin treasury strategy.
Hong Kong is emerging as a crypto testing ground with new fiat-backed token laws, as state-owned firms prepare for licenses and China's central bank recognizes stablecoins' impact.
Strike CEO Jack Mallers suggests the US government's silence on its Bitcoin holdings indicates a small, potentially embarrassing balance, despite efforts to establish a Strategic Bitcoin Reserve.
