It's Stock O'Clock, welcome. Cathy Wood's ARK
space ETF will likely begin trading on Tuesday. ARK's first ETF in two years will be listed under
the ticker symbol ARKX. It's not yet known which companies will be included in the space ETF.
The Archegos Capital hedge fund has blown up last week. The hedge fund had a few risky
bets that went bad leading to a margin call. They were forced to sell about 20 billion dollars
in positions. Visa allows payment settlements using the stablecoin USD Coin. Before if someone
paid with a Visa cryptocard it was converted into fiat. The USD Coin eliminates that step leading
to lower costs and complexity. And the ship in the Suez Canal has been partially refloated. It
can still take many days to completely loosen the ship. The issue is affecting about 12 percent of
global trade. Alright, don't get stuck, bye bye!