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Hey Waivly Crew! 🌊 Fidelity, Citadel Securities, Charles Schwab, and other Wall Street firms are launching a new crypto exchange. Twitter shareholders approved a $44 billion buyout by Elon Musk on Tuesday.

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Finance giants partner to launch crypto exchange

Financial heavyweights, including Charles Schwab, Citadel Securities, and Fidelity Digital Assets, have announced the launch of a new cryptocurrency exchange.

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Named EDX Markets, it will be a “first-of-its-kind exchange” giving investors “safer, faster and more efficient cryptocurrency trading,” Tuesday's statement revealed. EDX Markets will aim to serve U.S. retail and institutional investors.

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The exchange will be led by CEO Jamil Nazarali, formerly a senior executive at Citadel Securities, billionaire Ken Griffin's market making firm. Other high-profile EDX backers include financial firm Virtu Financial, and venture-capital firms Paradigm and Sequoia Capital.

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“Crypto is a $1 trillion global asset class with over 300 million participants and pent-up demand from millions more.” EDXM’s Board of Directors said. “Unlocking this demand requires a platform that can meet the needs of both retail traders and institutional investors with high compliance and security standards.”

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The firm's trading platform will use technology built by the Members Exchange (MEMX), a U.S. stock market owned by a consortium of financial firms, including some of EDX's backers.

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Tech Special

Twitter shareholders approve $44 billion Elon Musk buyout

Twitter shareholders on Tuesday voted in favour of Elon Musk’s $44 billion takeover deal, a value of $54.20 per share. The company's stock opened Tuesday under $41 per share, nearly 25% below the deal price.

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The vote came days after Musk sent a third letter to Twitter seeking to terminate their deal, with this one citing a $7.75 million severance payment the company made to its former head of security, Peiter Zatko, who blew the whistle about its alleged security and privacy vulnerabilities.

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In the letter, Musk's lawyers claimed the payment made to Zatko and his counsel on June 28th violated a provision of the acquisition contract. Twitter agreed to not grant or provide any severance to employees in amounts outside “the ordinary course of business consistent with past practice,” the contract stated.

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The payment was disclosed in a court filing by Twitter earlier this month, and gives Musk an additional reason to exit the deal, the letter states. In response, Twitter said it "has breached none of its representations or obligations under the agreement."

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The approval from shareholders means the case between Musk and Twitter will proceed to trial in October. Musk will need to prove in court that Twitter violated the merger agreement. If he fails to do so, he’ll be required to pay a $1 billion fine or acquire Twitter for the agreed-upon price.

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‘The Legend of Zelda: Tears of the Kingdom’ launches May 2023

The sequel to The Legend of Zelda: Breath of the Wild is called Tears of the Kingdom, and it's coming to the Switch on May 12th, 2023.

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During its Nintendo Direct event yesterday, the studio released a brief trailer that showed Link opening a massive door, running to the edge of a floating island above Hyrule, and diving off to land on a new, bird-like glider.

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A press release for the game confirmed the floating islands will offer a new vertical space to explore in the open world, reading: "In addition to the vast lands of Hyrule, the latest entry in the storied Legend of Zelda series will take you up into the skies and an expanded world that goes beyond that!"

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The long-awaited sequel was originally scheduled to be released in 2022 but was delayed to 2023. "In order to make this game's experience something special, the entire development team is continuing to work diligently on this game, so please wait a while longer," Series producer Eiji Aonuma explained in the announcement.

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

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Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

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The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

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