|All Time High:|
|Market Cap: |
|The price of #RAY today is $0.45 USD.|
The lowest RAY price for this period was $0, the highest was $0.451, and the exact current price of one RAY crypto coin is $0.45144.
The all-time high RAY coin price was $16.84.
Use our custom price calculator to see the hypothetical price of RAY with market cap of BTC or other crypto coins.
|The code for Raydium is #RAY. |
Raydium is 2.8 years old.
|The current market capitalization for Raydium is $109,962,739.|
Raydium is ranking upwards to #225 out of all coins, by market cap (and other factors).
|The trading volume is large today for #RAY.|
Today's 24-hour trading volume across all exchanges for Raydium is $34,412,031.
|The circulating supply of RAY is 243,584,141 coins, which is 44% of the maximum coin supply.|
Raydium Support for Token-2022
Advancing Token Functionality on Solana. — Raydium is excited to introduce support for Token-2022 — a new standard that brings even more possibilities to the Solana ecosystem. — A New Token Standard. — Solana’s existing Token Program has served as a reliable solution for assets on the network. However, as Solana continues to grow, demand for additional token functionality has increased. Token-2022 is the next step for enabling the future growth and evolution of assets on Solana. Token-22 is an exciting frontier for new tokens in the Solana ecosystem, enabling additional token functionality through an extension model. However, as with any innovation in the space, caution and due diligence are essential. With the inclusion of token extensions, like transfer fees, users should ensure that they research and fully understand the extensions and features of any Token-2022 asset they choose to interact with. It is important to note that Token-2022 is an unaudited program and is still in beta. While Raydium strives to ensure the utmost security and reliability, it’s crucial to acknowledge the inherent risks associated when interacting with a cutting-edge protocol that is still under development. — Support for CLMM Pools with Token-2022 Assets. — Raydium now supports the permissionless creation of concentrated liquidity pools (CLMM) and farms for Token-2022 assets. CLMM pools offer unique advan...
Compensation Plan and Next Steps
Update on process, details and logistics for remediation of funds. — First, the past couple of weeks have been challenging to say the least for all users and partners of the Raydium community. However, the support and understanding from everyone during this time has been greatly appreciated as a plan forward was formulated. — Next steps for compensation. — Following the initial proposal for the remediation of funds, assets in the treasury have been used to obtain the vast majority of assets that were affected during the exploit. The next step is to use the obtained assets to restore losses to users that had liquidity positions in affected pools at the time of the incident. The plan to move forward and compensate users is below. — Process for distribution of assets. — A Claim Portal will be available on the Raydium UI where users will be able to view information about liquidity positions that were affected and withdraw assets for compensation accordingly. Claims will be processed in two phases and split between specific pools. Distributing funds in phases is an added security measure that effectively caps the amount of assets held by the Claim Portal at a given time. — Distributions will happen over two phases. — Phase 1 claims are open to users with individual liquidity positions on Raydium. Specifically, this means individual liquidity providers (LP) that have LP-ed or staked in...
Detailed Post-Mortem and Next Steps
Follow up on recent Raydium Liquidity Pool exploit. — On Dec 16, 2022, at 10:12 UTC, a malicious actor began an exploit on the Raydium Liquidity Pool V4’s authority account by gaining access to the Pool Owner (Admin) account. OtterSec posted an initial overview of the attack. This update also expands on the initial post-mortem posted on Twitter by Raydium’s official account. This detailed post-mortem attempts to provide an in-depth description of how the exploit was carried out, how the issue was mitigated, and the next steps. — Background:. — The Pool Owner account mentioned above was initially deployed on a virtual machine with a dedicated internal server. After additional review, there is currently no evidence that the private key for the Pool Owner account was ever passed, shared, transferred, or stored locally outside of the virtual machine where it was originally deployed. An internal security review is ongoing in order to determine the nature and root cause of the account compromise. Initial suspicions are that the attacker may have gained remote access to the virtual machine or internal server where the account was deployed. The exact intrusion vector has yet to be identified, but a trojan attack may be one possibility. An initial review indicates that the Raydium exploiter account is involved in other nefarious activity on Solana. One indication of this is a tweet from cloudzy.sol on Nov. 7 ...
Introducing Permissionless Concentrated Pools & Farms
Launch concentrated pools and add farming rewards for any token pair on Raydium. — Permissionless concentrated pools and farms on Raydium allow any project team or user to create a market, bootstrap liquidity with farming emissions, and select a custom fee tier for any token pair on Solana! — The Path to Permissionless. — Raydium pioneered permissionless pools on Solana in May 2021 as the first AMM to allow users to create a constant product AMM pool for any token pair. Permissionless Ecosystem Farms for constant product pools then launched in July 2022 as the next step in decentralized liquidity, enabling permissionless farming rewards. On October 1, 2022, Raydium launched Concentrated Liquidity (CLMM) pools, which improve liquidity depth around the current price and translate to better prices for traders. Liquidity providers (LPs) in CLMM pools provide liquidity within a specific price range, increasing the proportion of fees earned on actively traded liquidity. Permissionless CLMM pools and farms on Raydium now allow any user, project, or community to create a pool for any pair, as well as have control over farming rewards to further bootstrap liquidity in the pool. — Driving Ecosystem-wide Liquidity through Capital Efficiency. — Liquidity providers in CLMM pools are incentivized by earning yield in the form of trading fees and token farm emissions. For sophisticated users and market makers...
Raydium Launches Beta Testing for Concentrated Liquidity
Advancing capital efficiency and ecosystem-wide liquidity - Raydium is excited to announce its next step towards ecosystem-wide liquidity on Solana: Concentrated Liquidity Pools! The Open Beta will last for approximately one week on beta.raydium.io. Rewards will begin after the Open beta concludes. Official Link: beta.raydium.io Five Concentrated Liquidity Market Maker (CLMM) pools are currently open to beta testers: RAY-USDC, SOL-USDC, mSOL-USDC, mSOL-SOL, and USDC-USDT. During the beta testing period, users can add and remove liquidity in a CLMM pool to earn trading fees. Swap routing on the beta site will include CLMM pools, always calculating the best route for your trades. What to know about Concentrated Liquidity on Raydium: Raydium initially launched its AMM as an innovation in capital efficiency among standard constant product (k = x*y) AMM pools, with idle liquidity used to market make on the Serum Central Limit Order Book. Raydium is now launching Concentrated Liquidity pools! The CLMM allows LPs to provide liquidity within a specific price range, increasing the proportion of fees earned on actively traded liquidity. For traders, CLMMs improve liquidity depth around the current price which translates to better prices and lower price impact on swaps. Concentrated pools allow providers to choose a custom range, which offers granularity for LPs to provide liquidity within any desired price range. Deposits in CLMM po...
Raydium Ecosystem Farms
The next step towards decentralized ecosystem-wide liquidity. — Raydium is super excited to announce its next step towards decentralized, ecosystem-wide liquidity on Solana: Ecosystem Farms! Ecosystem Farms advance the frontiers of decentralized liquidity on Solana by enabling any project team or user to create a farm and bootstrap liquidity by offering reward emissions on any pool! Raydium has set out to drive ecosystem-wide liquidity from its Day One integration with Serum’s central limit order book. On the next leg of this quest, Raydium became the first Solana-based AMM that allowed any DeFi user to create a liquidity pool for any token pair, permissionlessly. Ecosystem Farms are now the next big step on the journey and help to further drive liquidity on Solana! Teams across the Solana ecosystem now have the ability to bootstrap liquidity in a decentralized manner while having control and flexibility over when to launch a farm, the amount of rewards emitted for incentives, and the length of the farming period. Raydium is excited for teams to have the ability to drive liquidity for their communities through Ecosystem Farms. By doing so, liquidity providers will be rewarded for creating deeper liquidity on Raydium while users will see better prices when swapping and a fuller order book when trading on any Serum GUI. To learn more about creating a farm, check out this step-by-step guide! Join the Raydium Discord se...
Hawksight is Launching on AcceleRaytor
One-click investing in automated DeFi and yield strategies. — We’re excited to announce that on April 20, Hawksight will be launching on AcceleRaytor! Hawksight is a DeFi super-app for everyone. Allowing users to deposit USDC to automate DeFi strategies and earn profit-optimized yield on Solana & Terra. Make smarter investment decisions using Hawksight’s AI-driven trading signals, social signals, DeFi-NFTs, and GameFi utilities. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. HAWK AcceleRaytor Public Raise details: Total tokens for the raise: 30,000,000 HAWK, unlocked (increased from 20m) Token fixed price: 0.012 USDC for 1 HAWK Total raise: 360,000 USDC (increased from 240k USDC) Model: Randomized Draw Allocation for selected ticket: 60 USDC (5,000 HAWK) Total number of winning tickets: 6,000 (increased from 4,000) Pool opens: April 20, 10:00 UTC Pool closes: April 20, 22:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the HAWK raise.Allocation will be determined by random ticket draw.Allocation for one selected ticket: 60 USDCThere will be four snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior to the staking deadline below and successful USDC deposit once the pool ope...
Nirvana is Launching on AcceleRaytor
A protocol powered by the twin forces of volatility and stability. — We’re excited to announce that on April 5th, Nirvana will be launching on AcceleRaytor! The Nirvana protocol is a twin system that produces $ANA, a volatile token with an algorithmically rising floor price, as well as $NIRV, a decentralized superstable coin with a delegated peg. Yield for staking $ANA and taking $NIRV loans is distributed in $prANA (pre-$ANA), which are tokens that act as non-expiring options to mint ANA at its floor price. The AcceleRaytor launch will be for the $prANA token, giving users the option to mint $ANA at the floor price. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium. — IMPORTANT: $prANA is not a standard governance token!. — The AcceleRaytor Raise is for $prANA, one of three tokens in the Nirvana protocol, along with $NIRV and $ANA. $prANA tokens act as non-expiring options to mint $ANA at its floor price. The option utility for $prANA will be live on Nirvana’s site on April 11, 00:01 UTC, after which $prANA can be used to mint $ANA. Read more on $prANA here: https://docs.nirvana.finance/mechanics/staking-rewards-prana Read more about $ANA and the Nirvana protocol here: https://docs.nirvana.finance/mechanics/summary1. prANA AcceleRaytor Public Raise details: Total tokens for the raise: 125,000 prANA, unlocked Token fixed price: 2.00 USDC ...
Zebec is Launching on AcceleRaytor
Multisig Treasury Management and Streaming Payments. — We’re excited to announce that on March 15th, Zebec will be launching on AcceleRaytor! Zebec is a continuous Settlement Protocol that aims to transform payroll, cash flows, and token vesting by allowing users to send payments and distributions every second. Zebec is launching the world’s first on-chain payroll product with full tax withholding built-in and the first debit card for Solana wallets. The Zebec ecosystem is currently providing the infrastructure for more than 250 projects. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. ZBC AcceleRaytor Public Raise details: Total tokens for the raise: 50,000,000 ZBC (0.5% of total ZBC supply), unlocked Token fixed price: 0.021 USDC for 1 ZBC Total raise: 1,050,000 USDC Model: Lottery for allocation Allocation for winning ticket: 105 USDC (5,000 ZBC) Total number of winning tickets: 10,000 Pool opens: March 15, 04:00 UTC Pool closes: March 15, 16:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the ZBC raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 105 USDCThere will be four snapshot deadlines to determine ticket allotment. 7-day deadline:Eligibility: At least 100 RAY staked in RAY single-sided staking prior t...
Yawww is Launching on AcceleRaytor
Unlocking the power of peer-to-peer trading. — We’re excited to announce that on March 9th, Yawww will be launching on AcceleRaytor! Yawww allows NFT aficionados to negotiate, create deals, and trade with peers through Solana’s first fully automated on-chain escrow service. Yawww combines a P2P trading service with P2P collateralized lending, a negotiable listings marketplace, NFT staking, and a platform rewards system. The native token, YAW, will be used to cover transaction fees, unlock premium features, and facilitate the platform economy. The token is backed by platform revenue and secured by the Yawww Treasury and Reserve. This article will cover the two parts of an AcceleRaytor launch: 1) the Public Raise and 2) the IDO on Raydium.1. YAW AcceleRaytor Public Raise details: Total tokens for the raise: 7,500,000 YAW (2.5% of total YAW supply), unlocked Token fixed price: 0.20 USDC for 1 YAW Total raise: 1,500,000 USDC Model: Lottery for allocation Allocation for winning ticket: 125 USDC (625 YAW) Total number of winning tickets: 12,000 Pool opens: March 9, 14:00 UTC Pool closes: March 10, 02:00 UTC Open period of the pools: 12 hours — Eligibility and pool details:. — There will be one RAY pool available for the YAW raise.Allocation will be determined by a lottery system.Allocation for one winning lottery ticket: 125 USDCThere will be four snapshot deadlines to determine ticket allotment. ...
More Raydium (#RAY) News
|Bridgewater Founder Ray Dalio Warns of 'Brutal World War III'— Say...
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.”
Ray Dalio Warns of 'a Brutal World War III'
Bridgewater Associates founder Ray Dalio shared his thoughts on the conflict in the Middle East and the potential for World War III in an opinion piece published on Linkedin on Oct. 12. Noting that while “Israel, Hamas, Ukraine, and Russia are in hot wars,” Dalio stressed that currently: “The major powers (the US and China) are not, though they remain at the brink of one.” He added:
It appears that we are at a very critical juncture in which we will soon see if the Israel-Hamas war spreads and how far it spreads.
Moreover, he said it remains to be seen “whether the great powers are forces for peace (and will back away from the brink of direct conflict) or get involved (and cross the brink).”
Commenting specifically on the war between Israel and Hamas, the Bridgewater founder predicted: “This war has a high risk of leading to several other conflicts of different types in a number of places, and it is likely to have harmful effects that will extend beyond those in Israel and Gaza.” He continued: “Primarily for those reasons, it appears to me that the odds of transitioning from the contained conf...
|Former Paxful CEO Ray Youssef Urges Platform Users to 'Cease Trading'
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now 'just paying legal bills' and that 'no African or any non-American should trust any IS corporation.'Paxful's Alleged Removal of Reserve Funds From Status Page Raises Concern
Following reports that Paxful, the peer-to-peer crypto marketplace, has removed the reserve funds amount from the status page, former CEO Ray Youssef advised users to cease trading. In his reply to a Twitter user who warned of an FTX-style collapse, Youssef suggested that users should consider switching to self-custody until 'we get to the bottom of this.'
In addition to exposing the alleged removal of reserve funds from Paxful’s website, the unidentified social media user also claimed to have seen tweets from former employees who complained of not being paid all their dues after they left. The user also claimed to have heard rumors that Paxful was dipping into customer funds.
In another tweet, Youssef, in an apparent response to Paxful’s pledge to unfreeze $4.5 million in customer funds, reiterated his lack of confidence in the process, declaring:
I do not trust lawyers. Paxful is now just paying legal bills. No African or any non-American should trust any IS corporation. Don’t say you were [not] warned folks. My reputation I value over any shares in any company.
In early April, trading on the P2P marketplace was suspen...
|Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability...
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very risky period.'U.S. and China on the Brink of War, Says Dalio
Ray Dalio, the founder of the world’s largest asset manager, Bridgewater Associates, warned in a Linkedin post, published Wednesday, that the U.S. and China are on the brink of war. The billionaire, who has visited China for almost 40 years and has built close friendships there, shared his perspectives from his recent 13-day trips to China, as well as from meetings with Chinese citizens, experts on China residing outside the country, and policymakers in other countries, including the U.S.
Regarding U.S.-China relations, Dalio stressed:
The United States and China are on the brink of war and are beyond the ability to talk.
He noted that the two nations appear to be “close to having a sanctions war and/or military war that neither side wants.”
Dalio clarified: “I want to emphasize that by saying that they are on the brink, I don’t mean to say that they will necessarily go over the brink. I mean to say that they are very close to crossing red lines that, if crossed, will irrevocably push them over the brink into some type of war that damages these two countri...
|Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks...
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted new risks of keeping dollar assets. ‘Dollar Is Debt,’ Central Banks Are Less Inclined to Hold It
The importance of the U.S. fiat in international trade is decreasing and as a result the dominance of the dollar is fading, billionaire investor Ray Dalio said in recent interviews on Youtube. He also pointed out that sanctions imposed on Russia over its invasion of Ukraine have exposed new threats for governments keeping assets in the American currency.
Central banks around the world are less inclined to hold the greenback, the founder of Bridgewater Associates remarked on the Julia La Roche Show last week. “Dollars are debt. In other words, when one holds a dollar — a central bank — they hold a debt asset,” he stated, according to excerpts quoted by the Business Insider on Tuesday.
Dalio elaborated that previously nations have been willing to expose themselves to such debt so that they can trade globally as the dollar has been widely used in international transactions. However, with China promoting the use of its currency, the yuan, in trade deals with countries like Brazil, Kazakhstan and others, the need for the dollar may decrease in ...
|Billionaire Ray Dalio Says Bitcoin Isn't an Effective Money, Store of Va...
Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, says it's 'amazing' what bitcoin has accomplished but believes the cryptocurrency is not going to be an effective money, a store of value, or a medium of exchange. Nonetheless, he stressed that 'we are in a world in which money as we know it is in jeopardy.'Billionaire Ray Dalio on Bitcoin
Billionaire investor and hedge fund manager Ray Dalio, who founded the world's largest hedge fund, Bridgewater Associates, and previously served as its co-chief investment officer, has offered his view on bitcoin in an interview with CNBC Thursday. Referring to the world's largest cryptocurrency, he said:
I think it's been quite amazing that for 12 years it's accomplished ... But I think it has no relation to anything … It's a tiny thing that gets disproportionate attention.
Noting that bitcoin's total market value is less than a third of Microsoft's stock, whose market cap stood at $1.92 trillion on Friday, Dalio asserted: 'Biotech and many other industries are more interesting than bitcoin.' The billionaire opined:
It's not going to be an effective money. It's not an effective storehold of wealth. It's not an effective medium of exchange.
'But we are in a world in which money as we know it is in jeopardy … We are printing too much, and it's not just the United States, all the reserve currencies,' he continued, mentioning problems with the euro and the Japanese yen in particular. 'An...
|Bitcoin Will Not Be an Effective Money, Says Ray Dalio
Ray Dalio – founder of Bridgewater Associates – doubts Bitcoin’s ability to work as money, and thinks it receives outsized attention compared to the size of its market cap.
That said, the billionaire believes the existing monetary system is “in jeopardy,” due to excessive money printing by central banks globally.
Bitcoin: Not Related to Anything
In an interview with CNBC’s Squawk Box on Thursday, Dalio said that while Bitcoin has accomplished “amazing” things over the past 12 years, it ultimately has “no relation to anything.”
“It’s a tiny thing that gets disproportionate attention,” he said. “The value of Bitcoin is less than a third of the value of Microsoft stock.”
The investor added that industries like Biotech are far more interesting than Bitcoin and that the latter cannot be an “effective money” – whether as a store of wealth or a medium of exchange.
This criticism is nothing new: Multiple central bankers including former Fed chair Ben Bernanke, and Riksbank – the central bank of Sweden – argue that Bitcoin’s price volatility makes it a poor value preserver and ineffective tool for trade. Supporters of the asset argue that Bitcoin’s long-term performance provides evidence to the contrary, and that its fixed supply could make it a global store of value within a decade.
In fact, Dalio concedes the unlimited sup...
|John Ray Says Reviving FTX is on the Table: Report
The acting Chief Executive Officer of FTX, John J. Ray III, who is in charge of making sure that the creditors of the bankrupt exchange receive as much compensation as possible, said that the platform might restart.
In an interview with The Wall Street Journal, John J. Ray III said that restarting the exchange is on the table.
Everything is on the table. If there is a path forward on that, then we will not only explore that, we will do it.
FTX filed for Bankruptcy back in November 2022, using Chapter 11.
Mr. Ray further clarified that he will be looking into whether restarting the international exchange would recover more value for the company's creditors than his team could potentially get from simply liquidating the assets or selling the entire thing.
There are stakeholders we're working with who've identified what they see as a viable business.
The post John Ray Says Reviving FTX is on the Table: Report appeared first on CryptoPotato.
|Solana Protocol Raydium Hacked for $2 Million
Raydium – a Solana-based decentralized exchange (DEX) – was hacked for over $2 million on Friday.
According to Raydium, the hacker appears to have taken control of the exchange’s admin address to carry out the attack.
Over $2 Million Lost
Raydium acknowledged the hack over Twitter, noting that investigations were still ongoing.
It provided a link to the attacker’s account, which appears to hold $1.45 million worth of Solana-based tokens at writing time. Solscan shows that this balance is mostly comprised of SOL ($1.4 million) and SPL tokens ($44,000).
“Initial understanding is owner authority was overtaken by the attacker, but the authority has been halted on AMM & farm programs for now,” said Raydium.
Arkham, a crypto-intelligence provider, stated earlier that the Solana account had already drained multiple liquidity pools on Raydium. It recommended withdrawing funds from Raydium as soon as possible.
But that’s not the whole story: investigating the matter, on-chain sleuth ZachXBT added that about $2 million in funds have already been bridged to Ethereum. Those funds were then quickly deposited into Tornado Cash – a crypto privacy mixer that was sanctioned by the US Treasury Department in August.
ZachXBT’s finding has been corroborated by Nansen, which noted that $2.2 million in tokens, including $1.6 million in SOL, were withdrawn from Raydium by the hacker.
DeFiLlama shows that $35 million ...
|FTX New CEO John Ray Reveals More SBF Scandals In Court Filing
The new CEO of collapsed crypto exchange FTX, John Ray III, has filed an initial statement with the U.S. Bankruptcy Court for the District of Delaware, making a scathing judgment of Sam Bankman-Fried and his companies.
Ray was appointed CEO of FTX less than a week ago when founder Bankman-Fried filed for bankruptcy protection for FTX, Alameda and more than 130 related companies and stepped down as CEO.
The new CEO has taken the lead role in several of the largest corporate collapses in history, exposing criminal activity and malfeasance such as in the Enron case. So the man has experience with scandal and mismanagement. Yet, in his first court filing, he states:
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.
'From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated and potentially compromised individuals, this situation is unprecedented,' Ray said.
The new CEO also made it known that the Antigua and Bahamas-based FTX Group companies, in particular, did not have adequate corporate governance and many had never held a board meeting. FTX, FTX US and Alameda had virtually 'no accounting department'.
In addition, the bankruptcy trustee chalks up the lack of an accurate list of bank accounts and authorized signatories, as well as insufficient creditwort...
|Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgew...
Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater's co-chief executive explained on Tuesday that 'Ray no longer has the final word,' in regard to the hedge fund's future.Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio Steps Down, Co-CEOs Mark Bertolini and Nir Bar Dea to Take Over Senior Management
On Tuesday, October 4, after founding Bridgewater Associates more than 40 years ago, Ray Dalio stepped down as co-CIO. Bloomberg's Erik Schatzker first reported on the matter after the hedge fund founder relinquished all of his voting rights to the board of directors on September 30. After founding Bridgewater in 1975, Dalio was considered a mogul hedge fund titan and within the first ten years of business, Bridgewater got a $5 million investment from the World Bank.
Schatzker report cites Bridgewater's co-chief executive, Nir Bar Dea, who told the reporter 'Ray no longer has the final word.' Dalio also spoke about his resignation on Twitter and he told the public that today was a special day for him because he 'transitioned my control of Bridgewater to the next generation.' Dalio added:
I feel great about the people and 'machine' now in control. This transition moment is the culmination of a 47-year journey.
Dalio is also well known for being a critic of bitcoin (BTC) and blockchain technology. The hedge fund titan has explained on many occasio...
|Raydium Springs Up From Underwater, Could This Be A Ray Of Hope?
The price of Raydium (RAY) drops to $0.7 against Tether (USDT) from its all-time high of $15 as it eyes to bounce from its low. Despite the relief bounce across most crypto assets, the price of Raydium (RAY) has continued to remain dormant at its all-time low. (Data from Binance)
Raydium (RAY) Price Analysis On The Weekly Chart
The price of RAY crashed to its low of $0.7 by over 95% from a high of $15 after seeing several rejections from areas of resistance.
RAY has shown little bullish moves on the weekly chart, as this could suggest a bullish move could happen in no distant time. With bulls buying RAY at this valued price, we could see the price going to $3.5, acting as the next significant resistance for RAY's price.
If there are no buy orders, we could see the price of RAY range between the values of $0.55-$0.7 as these prices act as support areas.
If the price of RAY maintains its current structure, we could retest the resistance at $2.5-$3.5, depending on the buy volume orders.
Weekly resistance for the price of RAY - $0.25-$0.35.
Weekly support for the price of RAY - $0.55-$0.7.
Price Analysis Of RAY On The Daily (1D) Chart
Daily RAY Price Chart | Source: RAYUSDT On Tradingview.com
The price of RAY found its daily low at $0.6 and quickly bounced off the area where it has formed good support.
|Ray Dalio Still Holds 'Tiny Percentage' of Portfolio in Bitc...
Bridgewater Associates founder Ray Dalio confirmed on Tuesday that a “tiny percentage” of his portfolio is allocated to Bitcoin. He acknowledged how it could play a special role in today’s worldwide inflationary environment, among a broader set of safe-haven assets.
Cash is Still Trash
In conversation with CNBC’s Andrew Sorkin, Dalio reiterated his “cash is trash” thesis, due to the speed at which its holders are losing buying power. Annual CPI inflation in the United States clocked in at 8.3% in April – only 0.2% down from the previous month’s 40-year high.
To combat this, the Federal Reserve has resolved to raise interest rates more aggressively than it has for the past two decades. However, this monetary tightening is already hammering equities, which Dalio claims are even “trashier” than cash.
“The question is what’s going to get you a real return,” he explained. “We’ve shifted into an environment where assets that do well, like in the 70’s – real return assets – are the best investments.”
The billionaire believes that the Federal Reserve’s action in pumping the economy full of money and credit has created unprecedented debt, which will culminate in “negative real returns” across the board. In the interest of diversification, he mentioned Bitcoin as worthy of a small role in one’s portfolio, playing the role of “digital gold...
|Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is ...
This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today's economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain is great, but says 'let's call it a digital gold.' Billionaire Hedge Fund Manager Ray Dalio Says 'There's Going to Be a Supply and Demand Problem That Produces a Squeeze'
During the first week of February, Bitcoin.com News reported on the billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates. At the time, Dalio spoke about the future of money and the investor said that crypto will be 'outlawed, probably by different governments.' Currently, Dalio is in Davos, Switzerland, with the rest of the world's government officials, economists, and financial big-wigs. The Bridgewater Associates founder spoke in an interview with CNBC's Andrew Ross Sorkin on the broadcast Squawk Box.
Once again, Dalio spoke on the future of money and the U.S. central bank's next monetary policies. The hedge fund executive believes the Fed has nothing left to do but sell. 'The Federal Reserve is going to sell, individuals are selling, foreigners are selling, and the U.S. government is selling because it has to fund its deficit,' an excerpt from Dalio's interview notes. 'So there's going to be a supply/demand problem, that means ...
|Ray Dalio: Bitcoin is Not a Good Competitor Against Gold
In a recent interview with the Economic Times, billionaire investor and founder of Bridgewater Associates, Ray Dalio, acknowledged the potential of digital assets, especially Bitcoin, emphasizing their impressive performance over the past decade.
Dalio: Bitcoin Still Has Unresolved Issues
72-year-old American investor also noted that Bitcoin's finite supply makes it similar to other universally accepted inflation hedges such as gold.
However, he doesn't see central banks adopting Bitcoin as a reserve asset due to several issues such as privacy and ban in some countries.
'Still, there are issues with them. Transactions can be traced so privacy is an issue. They can be controlled, they can be shut down, they can be made illegal which tends to tap in during times when they may be threats to the alternative currency. So, I don't think they'll be held as central bank reserves for various reasons,” he said.
Ray Dalio. Source: Yahoo
Not a Good Competitor Against Gold
While Dalio believes investors should have digital assets like Bitcoin in their portfolio, he noted that gold does a better job at hedging against inflation.
He also argued that Bitcoin's total market value is less than that of Microsoft, which makes it less desirable for storing wealth compared to gold.
The billionaire, however, expressed optimism about the growth of the crypto industry over the next 10 years.
'I think that the environment that we're in is an environment in which there is a risk of political conf...
|Billionaire Ray Dalio Discusses Future of Money, Insists Some Government...
Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has shared his view on cryptocurrency investing and the future of money. He believes that crypto will be banned by different governments.
Ray Dalio on the Future of Money and Crypto
Bridgewater Associates founder Ray Dalio discussed cryptocurrency regulation and the future of money in an interview with David Rubenstein Thursday.
Dalio currently serves as the Bridgewater Associates chairman and cochief investment officer. His firm's clients include endowments, governments, foundations, pensions, and sovereign wealth funds.
He was asked, 'How do you foresee crypto impacting the world order?' The Bridgewater chairman replied, 'I think it's interesting,' disclosing that he has 'a tiny percentage' of his portfolio in crypto.
He explained: 'I wanted to diversify but it's a very vulnerable incident because they can track who is operating on it. It can be tracked.' He added:
It'll be outlawed, probably by different governments.
In addition, Dalio opined: 'In terms of its size, it has issues. So I think too much attention is spent on crypto.'
This was not the first time that the Bridgewater boss warned about governments outlawing cryptocurrencies. In January, he explained that the government outlawed gold and silver in the past, so they could similarly outlaw bitcoin. In September, he said governments could kill bitcoin if it becomes 'really successful.'
Dalio further shared with Rubenstein...
|Billionaire Investor Ray Dalio: Crypto Gets Too Much Attention
Amid surging interest in cryptocurrencies, the legendary American investor and founder of the investment management firm Bridgewater Associates, Ray Dalio, opined that the crypto industry is receiving way too much attention.
Too Much Attention on Crypto
During his latest interview on 'The David Rubenstein Show: Peer-to-Peer Conversations,' Dalio claimed that he has only a 'tiny' amount of crypto in his investment portfolio.
Recall that earlier in May 2021, the billionaire investor confirmed that he owns bitcoin following several inflationary concerns and monetary policy stances undertaken by the US government.
Dalio pointed out, then, that he believes Bitcoin will prove to be a better hedge against the devastating consequences of inflation than government bonds.
The hedge fund manager noted that it is pointless to hold cash as real interest rates continue to turn on the negative side, with investors expecting annual returns of 4%.
In a previous interview, Dalio stated that it would be reasonable for every investor to allocate up to 2% of their portfolios in Bitcoin.
Ray Dalio. Source: CNBC
Bitcoin Has Proven Itself
Dalio has not always been a Bitcoin proponent. In fact, he was one of the biggest crypto critics, blasting digital currencies for their extreme volatility and even calling Bitcoin a massive bubble.
However, he recently softened his stance on cryptocurrencies and invested in the primary digital asset. Earlier in December 2021, Dalio stated that Bitcoin had proven it...
|Billionaire Ray Dalio Insists Governments Could Outlaw Bitcoin
Billionaire Ray Dalio, the founder of the world's largest hedge fund, Bridgewater Associates, has reiterated his warning that governments could outlaw bitcoin. 'In history, they've outlawed gold and they've outlawed silver and so on, and they could outlaw bitcoin,' he stressed.
Ray Dalio Continues to Warn About Governments Outlawing Cryptocurrency
Bridgewater Associates founder Ray Dalio talked about bitcoin as he reiterated his warning that governments could outlaw the cryptocurrency on the Investor's Podcast Network, published Saturday. Dalio currently serves as Bridgewater Associates' chairman and co-chief investment officer. His firm's clients include endowments, governments, foundations, pensions, and sovereign wealth funds.
Dalio warned that 'there are regulatory issues' surrounding bitcoin. 'When you have an alternative currency, that's a threat to every government,' he elaborated. 'Every government wants a monopoly in their own currency and particularly if you get a better currency because it doesn't get devalued.' Dalio added:
In history, they've outlawed gold and they've outlawed silver and so on, and they could outlaw bitcoin.
Nonetheless, Dalio admitted that he has a small amount of bitcoin in his portfolio for diversification. 'I'm Mr. diversification,' he said. The Bridgewater Associates boss also recently revealed that he also owns some ether (ETH).
Commenting on the recommendation by another famous fund manager, Bill Miller, who said that investors should hold...