It’s the end of another day in the bruising world of big business, which you’ve clearly calmly navigated by avoiding the flailing fists of your detractors on the way to the warm embrace of your loved ones.

Of course, its been a busy one – so there’s no way you could have read about every little things that’s been happening.

All good though, we’ve got you covered. Here’s all the bits and pieces from the ASX and elsewhere that might have escaped your notice today.



So… erm… R U OK Binance?

Rampant speculation is causing some moderately serious heartburn and headaches among the crypto crowd this afternoon, as it really does look like there’s a run underway on market-leading and massively influential crypto exchange Binance. says the exchange has been hit with “net outflows of more than $US3 billion ($4.4 billion) in the space of 24 hours”, which – clearly – is not excellent news… and brings to mind one of the pivotal scenes of an otherwise profoundly awful and boring Christmas movie.



Obviously, crypto is feeling the aftershocks from the entire FTX debacle, and rumblings about possible criminal investigations into Binance and its flamboyant CEO C “Call me CZ” Z have only added to the overall sour sentiment infecting the market at the moment.

The jury is 100% out on whether we’re being fed the usual flavour of FUD or The Fed has actually called The Feds, but there’s no denying that a lot of folks have decided it’s time to just GTFO. #FUDforThought

And that’s despite Binance calling in an independent bean counter to count what amounts to a small subset of Binances beans for a cheerful “Chill, bro… its cool” report on the exchange’s finances.


Musk loses World’s Richest Dude merit badge

Sad news for Elon Musk today, after Forbes and Bloomberg both calculated that ol’ Captain Sperg the Spaceman has been knocked of his fancy rich guy pedestal by French businessman Bernard Arnault.

For those not in the know, Arnault is the chief executive of the LVMH empire, which includes Louis Vuitton, Christian Dior, Givenchy and Tiffany & Co, and other well-known luxury brands.

For what it’s worth, Arnault did kinda Bradbury his way into the number one spot – Musk’s fortunes obviously track the share price of Tesla, and that’s been quietly coughing in its rompers for a while now.


asx news Duke DEX
Those new Louis Vuitton handbags are surprisingly lifelike. Pic via Getty Images.


It’s recent sharp dip was enough to propel the all-leather Frenchman into his new role as World’s Richest Wrinkly, sitting on a fortune worth about $A271.7 billion – which is a pretty good effort for a guy who kicked off his career as a construction engineer.

No doubt he just knuckled down, worked hard and pulled himself up by his bootstraps so he was able to afford to buy textile company Boussac, the parent company of Christian Dior, by the time he was 35.



Latest Global X ETF launches

Global X has launched a new offering today, with the Global X Global Carbon ETF (Synthetic) (ASX: GCO2) offering Aussie investors the “lowest-cost fund of its kind alongside an opportunity to support net-zero efforts closer to home through the Yarra Yarra Biodiversity Corridor ‘Plant-a-Tree’ program”.

Global X says that GCO2 “tracks the ICE Global Carbon Futures Index to provide access to the world’s largest carbon markets covering the European Union Emissions Trading Scheme, Regional Greenhouse Gas Initiative, Western Climate Initiative (California cap and trade program) and the UK Emissions Trading Scheme”.

That sounds quite complicated, but the ETF sports a management fee of just 0.45% per annum. Top Stuff.

“We are witnessing a watershed moment as investors seek out climate-focused investment opportunities, but do not want to compromise on potential returns,” Global X Head of Investment Strategy, Blair Hannon said, adding that the new ETF is an innovative way to leverage the global transition to net-zero, which has significant tailwinds, thanks to government backed climate change targets.


IOU has a debt facility offer

IOUpay (ASX:IOU) has announced that it’s its wholly-owned subsidiary, IOU Pay (Asia), has signed a Letter of Offer from a leading Malaysian Non-Bank Financial Institution to provide a one (1) year, RM5.0 million (AUD$1.66 million) debt facility.

The money will be used to cover the new short-term Bridging Loan product being developed for newly-hired Malaysian federal government employees.

It’s not huge news or anything – for some reason I just thought the headline was funny.


‘Hurry up and wait’ continues for Duke

And, finally for today, Duke Exploration (ASX:DEX) has confirmed with the ASX that the round of Queensland copper asset acquisitions it has undertaken will mean that the company will require full ASX re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

So – DEX says it will be issuing a prospectus and a shareholder notice of meeting to consider the transaction “in due course”, adding that a full announcement of the transaction “is anticipated to be made no later than mid January 2023”, provided the ASX is gonna be cool about it.



RMA Global (ASX:RMY) – Capital Raise.

Global Lithium Resources (ASX:GL1) – Resource update for the Manna and Marble Bar Lithium Projects.

Strike Resources (ASX:SRK) – Capital Raise.

Caprice Resources (ASX:CRS) – Acquisition and Capital Raise.

Nex Metals Exploration (ASX:NME) – Pending announcement with respect to review of responses by Nex to the ASX.

Intra Energy Corporation (ASX:IEC) – Capital Raise.