Bearish Bets Against Markets Are Surging
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    HOUSE MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $1,666,984 (-0.52%)       Melbourne $1,025,140 (-0.29%)       Brisbane $1,079,790 (+0.21%)       Adelaide $987,421 (+0.48%)       Perth $959,727 (+1.13%)       Hobart $774,699 (-0.85%)       Darwin $821,142 (+4.72%)       Canberra $946,671 (-0.99%)       National $1,096,933 (+0.01%)                UNIT MEDIAN ASKING PRICES AND WEEKLY CHANGE     Sydney $779,804 (-0.05%)       Melbourne $501,457 (-0.97%)       Brisbane $680,117 (+0.71%)       Adelaide $516,640 (-0.17%)       Perth $539,067 (+1.01%)       Hobart $528,172 (+0.12%)       Darwin $391,098 (+0.26%)       Canberra $495,303 (+3.15%)       National $576,956 (+0.40%)                HOUSES FOR SALE AND WEEKLY CHANGE     Sydney 12,076 (-85)       Melbourne 14,218 (-287)       Brisbane 8,085 (-106)       Adelaide 2,943 (+40)       Perth 7,410 (-63)       Hobart 1,202 (-4)       Darwin 165 (-4)       Canberra 1,087 (-18)       National 47,186 (-527)                UNITS FOR SALE AND WEEKLY CHANGE     Sydney 9,230 (-171)       Melbourne 7,611 (-611)       Brisbane 1,520 (-30)       Adelaide 404 (-17)       Hobart 212 (+1)       Hobart 215 (-13)       Darwin 287 (+2)       Canberra 1,186 (-1,198)       National 22,003 (-2,039)                HOUSE MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $800 ($0)       Melbourne $595 ($0)       Brisbane $650 ($0)       Adelaide $640 (+$10)       Perth $700 ($0)       Hobart $583 (+$3)       Darwin $720 (-$30)       Canberra $710 ($0)       National $681 (-$3)                UNIT MEDIAN ASKING RENTS AND WEEKLY CHANGE     Sydney $750 ($0)       Melbourne $590 ($0)       Brisbane $650 (+$10)       Adelaide $550 (+$15)       Perth $665 (+$15)       Hobart $500 (+$18)       Darwin $550 (+$35)       Canberra $590 (+$5)       National $615 (+$10)                HOUSES FOR RENT AND WEEKLY CHANGE     Sydney 5,732 (-16)       Melbourne 7,664 (+4)       Brisbane 3,892 (-6)       Adelaide 1,458 (-8)       Perth 2,305 (-13)       Hobart 236 (+7)       Darwin 76 (-1)       Canberra 465 (+5)       National 21,828 (-28)                UNITS FOR RENT AND WEEKLY CHANGE     Sydney 7,852 (-14)       Melbourne 5,484 (0)       Brisbane 1,900 (+20)       Adelaide 413 (-1)       Perth 778 (+6)       Hobart 90 (-8)       Darwin 86 (+7)       Canberra 544 (-22)       National 17,147 (-12)                HOUSE ANNUAL GROSS YIELDS AND TREND       Sydney 2.50% (↑)      Melbourne 3.02% (↑)        Brisbane 3.13% (↓)     Adelaide 3.37% (↑)        Perth 3.79% (↓)     Hobart 3.91% (↑)        Darwin 4.56% (↓)     Canberra 3.90% (↑)        National 3.23% (↓)            UNIT ANNUAL GROSS YIELDS AND TREND       Sydney 5.00% (↑)      Melbourne 6.12% (↑)      Brisbane 4.97% (↑)      Adelaide 5.54% (↑)      Perth 6.41% (↑)      Hobart 4.92% (↑)      Darwin 7.31% (↑)        Canberra 6.19% (↓)     National 5.54% (↑)             HOUSE RENTAL VACANCY RATES AND TREND       Sydney 2.0% (↑)      Melbourne 1.9% (↑)      Brisbane 1.4% (↑)      Adelaide 1.3% (↑)      Perth 1.2% (↑)      Hobart 1.0% (↑)      Darwin 1.6% (↑)      Canberra 2.7% (↑)      National 1.7% (↑)             UNIT RENTAL VACANCY RATES AND TREND       Sydney 2.4% (↑)      Melbourne 3.8% (↑)      Brisbane 2.0% (↑)      Adelaide 1.1% (↑)      Perth 0.9% (↑)      Hobart 1.4% (↑)      Darwin 2.8% (↑)      Canberra 2.9% (↑)      National 2.2% (↑)             AVERAGE DAYS TO SELL HOUSES AND TREND       Sydney 33.9 (↑)        Melbourne 32.6 (↓)     Brisbane 35.9 (↑)      Adelaide 30.2 (↑)      Perth 41.5 (↑)      Hobart 37.1 (↑)        Darwin 23.7 (↓)     Canberra 35.3 (↑)      National 33.8 (↑)             AVERAGE DAYS TO SELL UNITS AND TREND       Sydney 32.6 (↑)      Melbourne 32.8 (↑)        Brisbane 31.9 (↓)     Adelaide 29.3 (↑)      Perth 41.0 (↑)      Hobart 37.4 (↑)        Darwin 41.2 (↓)     Canberra 42.9 (↑)      National 36.1 (↑)            
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Bearish Bets Against Markets Are Surging

Investors are loading up their bets against a number of big tech stocks, positioning for a reversal.

By KAREN LANGLEY
Wed, Feb 23, 2022 11:18amGrey Clock 3 min

Investors are wagering that the recent pain in markets will intensify.

Stocks dropped sharply in another wild session Tuesday after Russia deployed troops into two breakaway areas of Ukraine, escalating tensions in the region. The S&P 500 ended the day down 1%, extending the losses from its January record to more than 10% and meeting the criteria of a market correction. The index hadn’t suffered a similar decline since February 2020.

Short sellers have been adding to their positions against the SPDR S&P 500 Exchange-Traded Fund Trust, which tracks the broad U.S. stock index, at the fastest rate in nearly a year. Other investors are scooping up at record pace options contracts that would pay out if the recent declines in the stock and bond markets worsen.

The escalating geopolitical tensions come at a time when a surge in inflation and uncertainty about the pace of the Federal Reserve’s expected interest-rate increases have already whipsawed financial markets to start the year. Earnings growth, meanwhile, is expected to moderate from its red-hot pace in 2021, when profits were being compared with their knocked-down levels during the early stages of the pandemic.

The S&P 500 is down 9.7% in 2022, while the tech-heavy Nasdaq Composite has tumbled 14%. In the bond market, benchmark borrowing costs rose above 2% earlier this month for the first time since mid-2019.

“Sentiment is really poor,” said Danny Kirsch, head of options at Piper Sandler, who said he has noticed more clients opting for hedges recently. “People are nervous.”

Short sellers added $8.6 billion to their positions against the SPDR S&P 500 ETF Trust over the four weeks through Thursday, according to projections from technology and data analytics company S3 Partners. That amount would be the highest since a four-week period ending in early March 2021.

Short sellers borrow shares and sell them, with a plan to repurchase them at lower prices and pocket the difference. Investors shorting the market may be placing an outright bet that stocks will fall or reducing their exposure to a market downturn while betting that particular stocks will outperform.

Jordan Kahn, chief investment officer at ACM Funds, said his firm has been trimming its positions in stocks in one of its strategies while adding to short positions against exchange-traded funds that track the broad market.

Mr. Kahn said he grew concerned near the end of 2021 when he saw that individual stocks were selling off, while the largest stocks kept major indexes afloat.

“That’s kind of a red flag for us,” he said. “We think that the most likely scenario is that those big stocks that haven’t had as big a correction yet will probably at some point play catch-up to the downside.”

Investors are loading up their bets against a number of big tech stocks that led the way higher in recent years, positioning for a reversal. Investors added $1.3 billion to their short positions against Tesla Inc. over the 30 days through Friday and almost $844 million to their bets against Nvidia Corp., according to S3 Partners. They have been trimming their bets, by contrast, against Bank of America Corp., Apple Inc. and Texas Instruments Inc.

Nvidia shares have fallen 20% in 2022 but are still up 63% over the past year. Tesla is down 22% this year but is up 15% from a year ago. Both stocks have skyrocketed since the end of 2019.

Many traders have stepped in to buy the stock market dips, despite the volatility. However, traders have also been tapping other options strategies to profit from the downturn or hedge their portfolios. Three out of five of the most active days for put options trading in history have occurred in the first weeks of 2022, according to Cboe Global Markets data as of Friday.

Call options on single stocks as a percentage of total options activity recently fell to the lowest level since April 2020, when the Covid-19 pandemic was first spreading through the U.S., according to Goldman Sachs Group Inc.

For much of last year, turbocharged bullish bets on stocks were in vogue, and many traders rode the S&P 500’s ascent to 70 fresh highs.

Calls give the right to buy shares at a later time, by a stated date. Puts confer the right to sell.

Investors are also hedging against potential declines in the bond market. The prospect of higher interest rates has triggered a rush out of bonds, with outflows from money-market and bond funds on pace to be the biggest in at least seven years.

The number of put options outstanding tied to the iShares iBoxx $ High Yield Corporate Bond ETF, which goes by the ticker HYG, and iShares iBoxx $ Investment Grade Corporate Bond ETF, or LQD, recently jumped to the highest level on record, according to Barclays PLC.

To some traders, the dour sentiment can be an opportunity to capitalize on any rebound.

Julien Stouff, founder of hedge-fund firm Stouff Capital in Geneva, Switzerland, said he placed short-term bullish bets on stocks in January around the time he noticed many traders growing more pessimistic on the market. Recently, he has taken a neutral stance through the options market.

“This fear normally creates a buying opportunity,” he said.



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BHUTAN LAUNCHES WORLD-FIRST NATIONAL CRYPTO PAYMENT SYSTEM FOR TOURISM

Bhutan is pioneering a new frontier in travel by allowing tourists to pay for flights, visas, hotels and even fruit stalls using cryptocurrency via Binance Pay.

By Jeni O'Dowd
Wed, May 14, 2025 2 min

Bhutan has become the first country in the world to implement a national-level cryptocurrency payment system for tourism, marking a major milestone in digital innovation and travel.

Launched in partnership with Binance Pay and Bhutan’s fully digital DK Bank, the system enables travellers with Binance accounts to enjoy a seamless, end-to-end crypto-powered journey. More than 100 local merchants, from hotels and tour operators to small roadside vendors in remote villages, are already live on the system.

“This is more than a payment solution — it’s a commitment to innovation, inclusion, and convenience,” said Damcho Rinzin, Director of the Department of Tourism, Bhutan.

“It enables a seamless experience for travellers and empowers even small vendors in remote villages to participate in the tourism economy.”

Using supported cryptocurrencies, tourists can now pay for nearly every part of their trip, including airline tickets, visas, the Sustainable Development Fee (SDF), hotel stays, monument entry fees, local guides, and shopping, all through secure static and dynamic QR code payments.

Binance CEO Richard Teng praised the move, saying: “We are excited to partner with Bhutan as we are not only advancing the use of cryptocurrencies in travel but also setting a precedent for how technology can bridge cultures and economies. This initiative exemplifies our commitment to innovation and our belief in a future where digital finance empowers global connectivity and enriches travel experiences.”

Known as the “Kingdom of Happiness,” Bhutan has long prioritised Gross National Happiness over GDP, with a strong focus on sustainability, cultural preservation, and societal well-being. The new system aligns with these values by reducing payment friction and bringing financial inclusion to local communities.

Among the key features of the system:

  • Seamless Experience: Tourists can pay with crypto for all travel-related expenses.

  • Inclusive Reach: Small vendors, even in remote areas, can accept QR code payments.

  • Lower Fees: Transactions cost significantly less than traditional payment methods.

  • Comprehensive Support: More than 100 cryptocurrencies supported, including BNB, BTC, and USDC.

  • Secure and Instant: Real-time confirmations, 2FA, and encrypted transactions via the Binance app.

Behind the local settlement mechanism is DK Bank, Bhutan’s first fully digital bank. Licensed by the Royal Monetary Authority of Bhutan, it aims to deliver accessible financial services to all, including marginalised and unbanked communities.

The launch is being hailed as a bold step forward in integrating digital finance with global tourism — one that could set the benchmark for other nations looking to modernise the travel experience while empowering their local economies.

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