Daily financial dose 26.26.2021 | Headlines: Major Crypto Exchanges Limit Leverage to Reduce Risk | Robins Kaplan LLP

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Two of the most prominent cryptocurrency exchanges announced this weekend that they are taking action to “curb a type of high-risk trading that has been blamed for the sharp swings in Bitcoin’s value and the atmosphere. of casinos on these platforms in the world. “FTX and Binance are reducing the amount of leverage they are offering to 20 times the existing limits of 100+, a move to protect investors from the kind of huge crash that has hit the crypto markets in May – NYTimes and FinancialNews

Meanwhile, Bitcoin is set to start the week – in part on speculation about Amazon’s “possible plans for cryptocurrencies and related technologies, after the company posted a job posting for an expert in cryptocurrency. digital currency and blockchain “- WSJ and Bloomberg and MarketWatch

Jonathan Kanter’s appointment as head of DOJ’s antitrust division last week is the latest in a series of moves by the Biden administration, signaling a new “federal willingness to clash with US companies to promote more competition in the tech industry and across the economy ”- NYTimes

Kansas’ Frito Lay strikers voted to ratify a new contract over the weekend, “ending a nearly three-week strike for forced overtime and long hours which, according to many jobs, had pushed them to the end. – beyond the point of exhaustion ”- NYTimes

Some still early but increasingly relevant thoughts on what the burgeoning Delta variant may mean for companies’ planned return-to-office hours, mask mandates, and vaccination requirements – NYTimes and WSJ

In fact, the variant may give some workers extra ammo to fend off management’s desire to see them return to the office on their schedule – WSJ

A snapshot of the state of the markets in this weird mid-Covid time: try to drop on a Monday and the booking record ends just 4 days later (and for the Dow that means eclipsing 35k for the first time) – MarketWatch

As promised, another installment of “How Robinhood Breaks All IPO Rules” ahead of its public offering this week – Bloomberg

Difficult news for GM’s electric ambitions, as US automakers recalled the 2017-19 models of their all-electric Chevy Bolt for the second time “because of a potential battery fault that can cause a fire,” highlighting the technical challenges that car manufacturers face in their races. develop more plug-in vehicles ”- WSJ

And speaking of electricity, if you’re like me, you’ve noticed Toyota’s significant absence in the electric car race and wondered how the maker of the Prius managed to be so out of the game. company was betting on hydrogen vehicles as the green option, now scrambling to catch up on electricity – NYTimes

Stamps.com Reaches $ 30 Million Settlement with Investors to Resolve Derivative Lawsuit “Over Allegations of Insider Trading and Allegations the Shipping Company Abused US Postal Service Resale Rules for years ”- Law360

The FTC formally requested a 3-week extension on Friday to re-file its antitrust lawsuit against Facebook after DC District Judge James Boasberg dismissed the Commission’s charges against the social media giant a month ago – NYTimes

And there you thought you were a super fan. . . . Sure he’s a trainer, but still – good luck with Dean Boxall – Mashable

Stay safe and get vaxxed, MDR

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