Citadel-Bound Marshall Wace Trader Seeks Slice of Crypto Jackpot

Bloomberg TechnologyWednesday, October 8, 2025 at 2:20:04 PM
PositiveTechnology
Citadel-Bound Marshall Wace Trader Seeks Slice of Crypto Jackpot
Scott Arnold, a former trader at Marshall Wace, is making headlines as he seeks a share of the hedge fund's profits from an early investment in Circle Internet Group Inc. This investment is poised to be one of the firm's most lucrative, and Arnold claims he was the one who initiated the trade. This situation highlights the growing significance of cryptocurrency investments in traditional finance and raises questions about profit-sharing in hedge funds.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Is there an AI bubble? Financial institutions sound a warning
NegativeTechnology
Financial institutions are expressing worries about a potential AI investment bubble, highlighting the risks associated with overvaluation in the sector. This matters because it could lead to significant financial repercussions for investors and the market if the bubble bursts, affecting innovation and growth in artificial intelligence.
Investing in America 2025
NeutralTechnology
The article discusses the upcoming trends and opportunities in investing in America by 2025. It highlights the potential for economic growth and the importance of strategic investments in various sectors. Understanding these trends is crucial for investors looking to capitalize on the evolving market landscape.
The murky economics of the data-centre investment boom
NeutralTechnology
The article explores the complex economics behind the recent surge in data center investments. As demand for digital services grows, understanding the financial dynamics at play is crucial for stakeholders. This boom not only reflects technological advancements but also raises questions about sustainability and market stability.
America is now one big bet on AI
PositiveTechnology
America is increasingly becoming a hub for artificial intelligence, with significant investments pouring into the sector. This surge in AI development is not just about technology; it's reshaping industries, creating jobs, and driving innovation. As companies and investors bet big on AI, the implications for the economy and society are profound, making it a pivotal moment in the tech landscape.
How to Get Your Kids Into STEM Even When Its Future Is Uncertain
PositiveTechnology
Getting kids interested in STEM fields is crucial, especially in a world where the future can seem uncertain. This article emphasizes that focusing solely on the return on investment in science and technology misses the bigger picture. Instead, it highlights the importance of fostering curiosity and creativity in children, which can lead to a more innovative and adaptable generation. By encouraging kids to explore these fields, we prepare them for a future where they can thrive, regardless of the challenges ahead.
Latest from Technology
Corus Entertainment Bondholders to Take Control in Debt-for-Equity Swap
NeutralTechnology
Corus Entertainment Inc., a Canadian broadcaster facing financial challenges, is on the verge of a significant restructuring that would allow bondholders to take control of the company's equity. This move is crucial as it could stabilize the company and potentially lead to a turnaround, impacting its future operations and stakeholders.
Scientist Who Was Offline 'Living His Best Life' Stunned by Nobel Prize Win
PositiveTechnology
Fred Ramsdell, who was enjoying a vacation in the Montana wilderness, was taken by surprise when he and his colleagues were awarded the Nobel Prize for their significant contributions to immunology. This recognition not only highlights their groundbreaking work but also emphasizes the importance of scientific research in improving health outcomes. Ramsdell's unexpected win while offline adds a charming twist to the story, showcasing that great achievements can happen even when you're away from the hustle and bustle.
Google Wants Right to Bundle Gemini AI App With Maps, YouTube
NeutralTechnology
Google is advocating for its ability to bundle its Gemini AI app with its widely used Maps and YouTube services, as stated by a company lawyer in a recent court hearing. This move comes in response to a proposal from the Justice Department that seeks to prevent such bundling practices. The outcome of this legal battle could significantly impact how tech companies package their services, potentially influencing competition and consumer choice in the digital marketplace.
La Guardia Airport Flights Temporarily Halted Amid Data Outage
NegativeTechnology
Flights at LaGuardia Airport in New York have been temporarily halted due to a data outage, as reported by the FAA. This disruption affects travelers and airlines alike, highlighting the vulnerabilities in airport operations and the importance of reliable technology in ensuring smooth travel.
I put my Sony and Bose away the moment I listened to these competing earbuds - here's why
PositiveTechnology
A recent review highlights a surprising NYC-based audio brand that has outperformed well-known competitors like Sony and Bose in the earbuds market. The reviewer was impressed by the unique features and sound quality of these earbuds, suggesting that they could be a game-changer for audio enthusiasts. This matters because it showcases the potential for emerging brands to disrupt established players in the tech industry, offering consumers more choices and better quality.
Solidigm packed $2.7 million worth of SSDs into the biggest storage cluster I've ever seen: nearly 200 192TB SSDs used to build a 23.6PB cluster in 16U rackspace
PositiveTechnology
Solidigm has achieved a remarkable feat by packing nearly 200 massive SSDs into a compact 16U rack, creating a colossal 23.6PB storage cluster. This innovation not only showcases record storage density but also raises important questions about real-world efficiency in data management. As data storage needs continue to grow, advancements like this are crucial for businesses looking to optimize their operations and manage vast amounts of information effectively.