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Reddit joins the S&P 500 while Treasury kills a transparency rule and Seoul courts leveraged traders

Reddit's 12% after-hours pop on S&P 500 inclusion landed on the same afternoon that FinCEN moved to delete the beneficial-ownership database, and hours ahead of South Korea's 2x single-stock ETF mock-trading session. Three rewrites of the market, one trading day.

Gold bars stamped "1000g 999.0 GOLD" rest atop a spread of U.S. $100 bills and a financial chart.
Gold bars stamped "1000g 999.0 GOLD" rest atop a spread of U.S. $100 bills and a financial chart. @MARKETWATCH · Telegram

Wire provenance

This editorial synthesis draws on the following public wire/social posts:

  • https://x.com/unusual_whales/status/2088075885123387463
  • https://unusualwhales.com/news/south-korea-mock-trading-2x-single-stock-etfs
  • https://t.me/CryptoBriefing/18698
  • https://x.com/unusual_whales/status/2088060785625014438
  • https://unusualwhales.com/news/treasury-repeals-fincen-beneficial-ownership-rule
  • https://www.investing.com/news/stock-market-news/why-is-reddit-stock-surging-in-aftermarket-trade-today-93CH-4859546

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Reddit joins the S&P 500 while Treasury kills a transparency rule and Seoul courts leveraged traders - The Monexus