BREAKING: Major Exchange Delists Two Altcoins - Market Plunge Follows!
Another day, another 'strategic portfolio adjustment' from the big players—because nothing says market stability like suddenly yanking liquidity from two established assets.
THE FALLOUT
Traders got whiplash as the announcement hit. The two delisted coins—names withheld because let's be honest, today's casualties are tomorrow's forgotten memes—took immediate double-digit percentage nosedives. Panic selling spread faster than a Bitcoin maximalist's hot take at a crypto conference.
EXCHANGE CALCULUS
Exchanges love touting decentralization while acting like centralized gatekeepers. This move reeks of regulatory pressure meets volume metrics—typical 'protect our interests first' behavior wrapped in corporate jargon. They'll call it 'enhancing market quality' while leaving bagholders scrambling.
THE BIGGER PICTURE
This isn't just about two coins getting the boot. It's about power dynamics—who gets to decide what survives in this ecosystem. The irony? This same exchange probably lists a dozen dog-themed tokens with zero utility. Priorities, right?
Markets hate uncertainty more than they hate high fees. Today's delisting drama proves that when exchanges flex, the little guy gets squeezed—again.
Northern Trust announced that Michael Hunstad has been appointed as President of Northern Trust Asset Management (NTAM), effective immediately, replacing Daniel Gamba. Hunstad will join Northern Trust’s Management Group and report to Chief Executive Officer Michael O’Grady.
Since joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as Global Co-Chief Investment Officer. He was responsible for overseeing a comprehensive suite of investment capabilities, including index, fundamental, quantitative and tax-advantaged strategies, as well as active, multi-asset class solutions and alternative investments. Hunstad has played a pivotal role in shaping NTAM’s investment vision and philosophy, leading a global team of more than 300 professionals. In addition to these responsibilities, he serves on the Asset Management Executive Group, the Investment Policy Committee, and the Risk Committee.
“We are excited to have Mike step into the role of President of Northern Trust Asset Management,” said O’Grady. “After 25 years in the industry and a proven track record of driving growth and innovation, Mike is the ideal leader to guide us in navigating the complexities of today’s market. His strategic vision and commitment to client success will not only enhance our asset management capabilities but also position us to deliver exceptional value to our clients and stakeholders. We thank Daniel Gamba for his contributions and wish him success in his future endeavors.”
Before joining Northern Trust, Hunstad was head of research at Breakwater Capital and head of quantitative asset allocation at Allstate Investments.
He holds a Ph.D. in mathematics, an MBA in finance, an M.A. in econometrics, and a bachelor’s degree in economics.
Source: Northern Trust
