HALLANDALE BEACH, Fla., Oct. 22, 2020 /PRNewswire/ -- 1/ST announced today the appointment of Aidan Butler to Chief Operating Officer, 1/ST RACING and to President, 1/ST CONTENT. Butler joined The Stronach Group in 2018 and has been front and center in California leading the racing operations teams at Santa Anita Park and Golden Gate Fields as the Acting Executive Director of California Racing Operations. In addition, he also served as Chief Strategy Officer for The Stronach Group.
Butler will work directly with Craig Fravel, Chief Executive Officer, 1/ST RACING, to further develop the company's world-class racing programs and national content offerings. While continuing to oversee racing operations nationally, Fravel will focus on West Coast operations while Butler will relocate to Florida to oversee the racing operations at the company's owned tracks and training centers on the East Coast including Gulfstream Park and Palm Meadows in Florida and Laurel Park, Pimlico Race Course and Rosecroft Raceway in Maryland.
Butler will also take on responsibilities to further develop and align the company's North American and international content businesses including, Monarch Content Management, Elite, GWS and XBTV as President of the newly formed 1/ST CONTENT division.
"Aidan and I have been working side-by-side over the last year and have developed a strong and constructive working relationship," said Fravel. "The appointment of Aidan to Chief Operating Officer, 1/ST RACING and President, 1/ST CONTENT, is a critical step as we continue to build our company's forward-thinking and innovative racing and content programs. I have no doubt that his passion and knowledge for our sport will position our national and East Coast operations for growth."
"I look forward to working with Craig and the 1/ST RACING teams in Florida and Maryland to synchronize our racing programs and to establishing the 1/ST CONTENT division as the future of content platforms for our sport," said Butler. "While I focus on the East Coast racing operations, I will continue to assist with matters in California and to work closely with horsemen in the state."
During a transformative time in horseracing, Butler was responsible for the implementation of industry-leading health and safety protocols for horses and riders at Santa Anita Park while overseeing track management and operations at the company's West Coast venues. In addition, Butler was responsible for the development of key stakeholder and strategic relationships and most recently for leading Santa Anita Park successfully through the early stages of the COVID-19 pandemic. Under his leadership, within days of the original coronavirus lockdown, he brought the horseracing community at Santa Anita Park together to form North America's first sports bubble. This self-contained ecosystem allowed hundreds of backstretch workers, jockeys and essential racing personnel to keep the horses safe and active while protecting themselves, their livelihoods and the community. This ecosystem has since been replicated by many other professional sports leagues including the National Basketball Association (NBA) and the National Hockey League (NHL). "Riders Up" the documentary that showcases how Butler and the team at Santa Anita Park made this happen premiered on NBCSN in the leadup to Preakness 145 and is currently viewable at www.santaanita.com.
For more information on 1/ST please visit www.1st.com or @1/STRacing.
About The Stronach Group and 1/ST
The Stronach Group is a world-class technology, entertainment and real estate development company with Thoroughbred horseracing and pari-mutuel wagering at the core. The company's consumer facing brand 1/ST (pronounced "First") powers The Stronach Group's forward-thinking 1/ST RACING, 1/ST CONTENT, 1/ST TECHNOLOGY, 1/ST LIVE and 1/ST PROPERTIES businesses, while advocating for and driving the 1/ST HORSE CARE mission. 1/ST represents The Stronach Group's continued movement toward redefining Thoroughbred racing and the ecosystem that drives it. 1/ST RACING drives the best-in-class horseracing operations at the company's premier racetracks and training centers including: Santa Anita Park, Golden Gate Fields and San Luis Rey (California); Gulfstream Park – home of the Pegasus World Cup Championship Invitational Series, and Gulfstream Park West (Florida); the Maryland Jockey Club at Laurel Park, Pimlico Race Course - home of the legendary Preakness Stakes, Rosecroft Raceway and Bowie Training Center (Maryland). 1/ST CONTENT is the newly formed operating group for all of 1/ST's media and content companies including: Monarch Content Management, Elite, GWS and XBTV. 1/ST TECHNOLOGY is horseracing's largest racing and gaming technology company offering world-class products via its AmTote, Xpressbet, 1/ST BET, XB SELECT, XB NET, PariMAX and Betmix brands. 1/ST LIVE blends the worlds of sports, entertainment and hospitality by delivering uniquely curated events such as InfieldFest and Pegasus LIV Stretch Village. 1/ST PROPERTIES is responsible for the development of the company's live, work and play communities surrounding its racing venues including: The Village at Gulfstream Park (Florida) and Paddock Pointe (Maryland). As the advocate for critical industry reforms and by making meaningful investments into aftercare programs for retired horses and jockeys, 1/ST HORSE CARE represents The Stronach Group's commitment to achieving the highest level of horse and rider care and safety standards in Thoroughbred horseracing on and off the track. For more information please visit www.1st.com.
Media Contact:Tiffani Steer, Vice President, Communications, 1/ST, firstname.lastname@example.org
View original content:https://www.prnewswire.com/news-releases/1st-appoints-aidan-butler-as-chief-operating-officer-1st-racing-and-president-1st-content-301158212.html
SOURCE 1/ST and The Stronach Group
Regular users are coming back to Ethereum as a result of lower transaction fees, the new data shows
ETH/USD price printed the lowest weekly close in over 2 months
Ethereum price is struggling to move above the diagonal resistance at $355
Ethereum (ETH) price is struggling to get above the diagonal resistance at $355 as sellers remain in the control of the price action.
Fundamental analysis: Lower transaction fees attracting users
Crypto behaviour analytics platform Santiment found that regular users are coming back to Ethereum, as a result of lower transaction fees. The latest data showed that Ethereum miners and some of its largest non-exchange addresses have been indicating sustained accumulation and boosted confidence in Ethereum’s long-term potential.
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Following a period of short-run sell-offs and redistribution by ETH block creators in August, the combined balance of s mining pools is increasing once again, rising by Ethereum mining pools is coming back up, rising by 50,000 ETH in the course of the last 30 days.
Historically, large declines in combined holdings of Ethereum miners usually caused increased selling pressure and price declines, while periods ofHistorically, sharp declines in the combined balance of Ethereum miners often resulted in increasing selling pressure and price drops, while periods of rising collective balance of ETH miners triggered price rises.
Such an accumulation model has been indicated by the 100 largest non-exchange Ethereum addresses, known as whales. Since September 5, the collective balance of these whales alone has risen by 2,050,000 ETH, or close to $749,000,000, indicating higher confidence among ETH’s whales in face of precarious market actions over the past 30 days.
Furthermore, according to Ethereum data from crypto exchanges, there has been an ongoing fall in selling pressure and short-term exits of Ethereum owners.
On the other hand, Ethereum deposits on a daily basis have plummeted from 55,027 on September 1 to a 3-month low of 23,821 on September 28, registering a -56.7% drop and pointing to a network-wide fall in selling pressure. Moreover, the number of ETH being transferred to common exchange wallets has declined from 298,000 on September 5 to just 80,350 on September 28.
Technical analysis: Buyers struggling
ETH/USD price printed the lowest weekly close in over 2 months as sellers remain in control of the price action. The positive for the bulls is that ETH still trades above the 200-DMA around $340. A push lower to this zone would facilitate a buying opportunity in ETH/USD.
Ethereum daily chart (TradingView)
However, buyers’ inability to get back above the ascending trend line (the blue diagonal line) is hampering ETH from trading higher. A break of this resistance would open the door for a test of the upper trend line near $390.
Santiment, a crypto behaviour analytics provider has observed that regular users are returning to Ethereum, thanks to lower transaction fees. On the other hand, Ethereum buyers are having difficulties in moving above the diagonal resistance at $355.
Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection
Analysts now see Biden as a clear-cut favourite to win the presidential elections
Gold, yen and dollar race higher, while stocks, crypto and commodities plunge on Trump news
Volatile financial markets have welcomed European traders and investors this morning after the U.S. President Donald Trump and his wife Melania had tested positive for coronavirus and went into quarantine.
Trump tests positive
Donald Trump confirmed on Twitter that he and his wife Melania are positive on COVID-19 infection.
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“We will begin our quarantine and recovery process immediately. We will get through this TOGETHER!,” Trump said.
Trump is 74 years old and is at great risk for Covid-19 because of his age and being overweight. Trump had no serious health issues during his time as a president, however, he hasn’t followed a healthy diet or exercised regularly either.
Over 200,000 Americans have died from the virus, mostly those at an older age and with pre-existing health conditions. Trump is known for rarely wearing a mask and for mocking others for doing so, particularly Democratic presidential nominee Joe Biden.
In the first presidential debate three days ago, Trump pulled out a mask from his pocket, saying: “I wear masks when needed. When needed, I wear masks,” and then derided Biden for wearing face coverings on a regular basis.
“I don’t wear masks like him. Every time you see him, he’s got a mask. He could be speaking 200 feet away from them and he shows up with the biggest mask I’ve ever seen,” Trump said.
Health experts have said numerous times that wearing face coverings are essential to stop the spread of the deadly virus. Joe Biden has slammed Trump for his bad response to the virus.
Over recent weeks, the president has held several rallies including thousands of people in the run-up to the upcoming election, ignoring warnings from health professionals who have strongly advised against holding events with large crowds.
Last night, Trump anticipated that the end of the pandemic is near, shortly before the news that his top adviser, Hope Hicks, had tested positive for Covid-19.
Hicks travelled with Trump on September 29 and 30. The news about Trump testing positive is expected to drastically affect the presidential race. Trump’s new activities schedule has been released today and it doesn’t include his planned trip to Florida.
On the other hand, Biden is expected to campaign in Michigan today and these are the two swing states that could decide the outcome of the race.
“Trump has been trailing behind Biden and he has clearly failed to narrow the gap after the first debate … I suspect markets will lean towards the view that Biden will likely win the election,” said Naoya Oshikubo, senior economist at Sumitomo Mitsui Trust Asset Management.
The president has campaigned regularly across the U.S. in a bid to win the race against Biden, who has been avoiding rallies with large crowds. On the other hand, Trump has praised his campaign rallies with a large number of people, who do not face coverings either or maintain social distance.
U.S. futures plunge
Investors raced to lower their stock holdings on Friday following news that Trump is diagnosed with COVID-19 infection. U.S. stock futures fell while their European counterparts opened lower.
S&P futures daily chart (TradingView)
“It will weigh on the market today and early next week but will not induce a long-lasting correction if the infection is contained to Trump,” said Francois Savary, chief investment officer at Swiss wealth manager Prime Partners.
The U.S. benchmark index S&P 500 futures are trading 1.06% in the red three hours before New York opens for trading.
Crude oil prices fall
Crude oil prices extended yesterday’s losses to over 4% on Friday on Trump news. Moreover, the fact that there’s still no agreement on the new stimulus bill increased investors’ worries about demand.
Crude oil daily chart (TradingView)
“It was a weak market already and this event has come along and added uncertainty, giving pause for people to say, ‘you know what, I’m taking some risk off the table,” said Lachlan Shaw, head of commodity research at National Australia Bank in Melbourne.
Crude oil now trades at $37.01, or 4.01% lower on the day to extend weekly losses. A four-month low is located at $36.15 and it’s seen as the next target for sellers.
Gold price edges higher
Opposite to crude oil prices, gold spot prices gained this morning to erase overnight losses and trade 0.1% in the green. The yellow metal is now trading above $1,900/oz again.
Gold spot prices daily chart (TradingView)
“It will now be a wait-and-see game where gold will attract some bids. It’s certainly not a market where I see any appetite for selling gold,” said Saxo Bank analyst Ole Hansen.
The intraday resistance line is located at $1,922/oz.
USD/JPY plunges on risk concerns
USD/JPY, a key benchmark index for the overall risk sentiment in Forex, plunged to below $105 on this morning’s news. The EUR also lost against the greenback, but to a lesser degree. As expected, commodity currencies (AUD, NZD, and CAD) all lost against the dollar.
USD/JPY daily chart (TradingView)
“The president of the United States has got a disease which kills people. People are de-risking because of that,” said Chris Weston, head of research at Melbourne brokerage Pepperstone.
USD/JPY price now trades at $105.12, down 0.36% on the day. The $104.20 mark is a key target for sellers on the downside.
Cryptocurrency market follows stocks lower
The cryptocurrency market fell over 3% today to hit a valuation of $320 billion. A move lower stopped at the 200-DMA near $320 billion as buyers attempt to defend this important level.
Cryptocurrency market cap (TradingView)
Bitcoin (BTC) price is trading over 2% down on the day as the sellers attempt to force a daily close below the 200-DMA at $10,538. Ethereum (ETH) price is not doing as well as BTC as it is down about 5%.
Financial markets, with the exception of gold, yen, and dollar, fell on Friday morning after the U.S. President Donald Trump and his wife Melania tested positive for Covid-19 infection.