Latest news with #Cache
Newsweek
3 days ago
- Entertainment
- Newsweek
Teen Stuns Viewers as 'Vintage' Prom Dress Donated by Millennial Goes Viral
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A Gen Z teen's dress-up session with her millennial neighbor's prom gowns has captured the internet's heart. Erinn Downing (@er1nnh), 34, from San Diego, shared a TikTok video of her 16-year-old neighbor trying on three of her old prom dresses—garments that Downing wore almost two decades ago, in 2006 and 2008. The video, which juxtaposed clips of the teen in each outfit alongside throwback photos of Downing wearing them at the time, has amassed 4.5 million views and 367,700 likes. "I am so happy I saved them! Watching her try them on brought me right back to being 16 and how beautiful I felt in those dresses! They brought back the joy and excitement of prom!" Downing told Newsweek. Downing shares an incredibly close bond with her neighbor, who she has known since the day she was born. The dresses included a floor-length green mermaid gown from Cache, a pink satin gown with diamante details around the chest and waist from Bloomingdale's, and a white gown with silver embellishments—also from Cache. Each one fit the teen perfectly. "Emily had mentioned that wearing 'vintage prom dresses' were 'in.' So luckily I had saved all of my dresses and were just goofing off one night where she tried them on and modeled them for my parents and her mom! My parents and especially my mom loved it because she had gone shopping with me for all three of the dresses so she loved re living it all through Emily, who is like a daughter to them both," she said. A split image showing Erinn in her white prom dress in 2007 and Emily rocking the gown in 2025. A split image showing Erinn in her white prom dress in 2007 and Emily rocking the gown in 2025. @er1nnh/@er1nnh Reflecting on the significance of each dress, Downing explained that the white gown had a special purpose beyond prom. She told Newsweek she got it because she was part of NCL—the National Charity League. "Seniors have a sort of debutant ball where they have to wear a white dress! When I found the white one it worked for both NCL presents and prom!" she said. As for the pink dress, the motivation was simple: "The pink one I'm sure I bought just because pink has and always will be my favorite color!" Of all three, Downing still holds a soft spot for the mermaid-style green gown. "My personal favorite is the green one! At the time I wore it—I felt the best in it! Something about that giant center stone and the mermaid flow made me feel invincible!" While it may seem surprising that clothes from the 2000s are now considered "vintage," the label isn't far off. According to Martha Stewart, an item is generally considered vintage if it is at least 20 years old but less than 100. That makes Downing's 2006 and 2008 prom dresses officially vintage as of the mid-2020s. The video also sparked a wave of nostalgia online, with TikTokers sharing memories and reactions to the throwback looks. "That white one was ahead of its time," commented one user. "Ok white one still slaps," added another. Jen chimed in: "Oh my god I had that white one in hot pink!" Others were astonished Downing had kept them all these years. "How do you even have these still? The only thing I've kept from high school is my senior yearbook," one viewer commented. And many millennial viewers had a moment of existential crisis. "'Vintage' just hurt my feelings. I was class of '08," said Anna McDowell. Ultimately, Emily did not end up wearing any of the dresses for prom, but Erinn is holding out for her senior year. Do you have any viral videos or pictures that you want to share? We want to see the best ones! Send them in to life@ and they could appear on our site.
Int'l Business Times
6 days ago
- Business
- Int'l Business Times
Cache Wallet Begins Token Sale with Early Demand and Asset Recovery Breakthrough
San Jose, Costa Rica, May 27th, 2025, Chainwire In a world where lost seed phrases and inaccessible crypto wallets have cost investors billions, Cache Wallet has set out to turn the tide. The presale for the revolutionary smart wallet is officially live at and early investor response is already setting records—with around 60% of presale tokens sold out within the first 72 hours. Cache is a bold solution to one of the crypto world's most haunting problems, like lost access. As the first smart wallet capable of restoring frozen assets caused by misplaced seed phrases, private keys, or passwords, Cache delivers a breakthrough level of security and peace of mind. And it doesn't stop there. Purpose-built for Real-World Asset (RWA) transfers, Cache Wallet is powered by an embedded AI Agent assistant, designed to simplify complex interactions and protect user assets in real time. In a landmark move, Cache has also announced a strategic partnership with Mises Browser, signaling their expansion into trusted Web3 browsing and wallet integration. 'This isn't just about building another wallet. Cache is building a future where people can finally trust that their digital assets are recoverable, secure, and interoperable,' said Cache Wallet spokesperson Leon (Chief Strategy Officer). 'Losing your crypto should be a thing of the past. This is our moment to rewrite the rules.' Cache's rapid presale success reflects the strength of its mission and community support, with innovative features, a strategic partnership, and the credibility of real use cases. 'The secret of getting ahead is getting started,' Mark Zheng once said. 'Cache isn't just a product, it's a legend in the making,' says Monroe. 'This token will power the infrastructure of future-proof finance. We're not just selling a token. We're solving the biggest problem in crypto.' Key Highlights: Presale Live: 60% of tokens sold within 3 days of launch within 3 days of launch World-first smart wallet with frozen asset recovery with frozen asset recovery AI Agent integration for smarter, safer asset management for smarter, safer asset management Strategic partnership with Mises Browser Designed for Real-World Asset (RWA) support Cache Wallet's presale is more than a funding round. It's the first step toward a safer, smarter financial future for crypto holders everywhere. Users can visit to learn more. About Cache Wallet Cache Wallet restores frozen assets caused by lost seed phrases, keys, and passwords. It also acts like a decentralized last will and testament, so assets automatically transfer when no longer active. It supports RWA transfers, comes with an AI Agent to help set up secure transfers, and includes auto-bridging to make things easier for beginners. At the moment there is nothing out there that's decentralized and stops users losing their assets when they lose their seed phrases/keys. Cache is solving what's estimated to be a $450 billion problem—and they're the first to do it. For media inquiries or partnerships, users may contact press@ Website:- X/Twitter :- Cache Wallet Telegram:- @cachewallet_1 Cache Docs:- Ecomonics paper | Whitepaper | Deck 'Don't wait for opportunity, create it with Cache.' Contact CEO - Founder Callum Taylor Cache Finance LLC press@
Yahoo
30-01-2025
- Business
- Yahoo
Cache Surpasses $300 Million AUM Milestone With Strong 2024 Performance and Investor Adoption
Specialized brokerage offers innovative, tax-efficient diversification solutions for managing large, concentrated holdings SAN FRANCISCO, January 30, 2025--(BUSINESS WIRE)--Cache, a pioneering fintech company that offers specialized products for managing large, concentrated stock positions for individuals and their advisors, today announced that it has crossed $300 million in assets under management (AUM). Reached within just ten months of their launch, the milestone reflects Cache's rapid growth and commitment to democratizing access to advanced financial instruments, starting with its modern exchange funds. Launched in March 2024, Cache Exchange Funds have gained significant traction by broadening access, lowering fees and minimums, and providing faster, more efficient diversification. "Crossing the $300 million threshold* in short order reaffirms that our solution addresses a real challenge for many people," said Srikanth Narayan, founder and CEO of Cache. "For investors with large concentrations of a single stock, the traditional options were limited: hold and bear too much risk, or sell and face significant taxes. Cache Exchange Funds have enabled an efficient approach to stock diversification, making advanced strategies more accessible to a wider audience." Cache's modern exchange funds were created to tackle the challenges of equity concentration by enabling investors to diversify their holdings without triggering immediate capital gains taxes. Traditionally, exchange funds were reserved for the ultra-wealthy, requiring significant minimums and high fees. Cache has reimagined this antiquated model with lower minimums, competitive fees, and a direct-to-consumer approach, which has attracted a diverse client base that includes early-career professionals, C-suite executives, and family offices. "We are committed to leveling the playing field and providing more investors and advisors with access to these powerful financial tools," added Narayan. "Our approach combines rigorous portfolio construction using quantitative and qualitative overlays and balancing the supply of stocks investors are looking to diversify. Since launch, we've delivered our clients strong performance, meaningful tax savings, and reduced concentration risk." As of the end of 2024, Cache Exchange Funds had reached over $300 million in gross assets, allowing investors to defer more than $200 million in capital gains. Some key performance highlights from 2024 include: All three Cache Exchange Funds, which are benchmarked to the Nasdaq-100® Index, delivered noteworthy outperformance relative to the benchmark, exceeding it anywhere from 7.9% to 10.7%, as these portfolios held more of the top 25 performers and less of the bottom 25 performers in the index. Cache Exchange Funds maintained a realized tracking error of 3.7%-3.8% against the Nasdaq-100®, indicative of disciplined execution and a deep focus on risk management. Cache Exchange Funds outperformed the Nasdaq-100® in absolute returns and risk-adjusted performance, as demonstrated by higher Sharpe ratios. For example, Cache Exchange Fund I, LLC (the oldest exchange fund recorded a Sharpe ratio of 1.38 relative to 1.03 for the Nasdaq-100®. (higher is better) All performance figures are net of fees from inception to December 31st, 2024. More information is included on our website at this link. Cache's growth is underpinned by a world-class team with deep expertise across technology, finance, compliance, and operations. Founder and CEO Srikanth Narayan brings product and engineering experience from Uber and Waymo, while Head of Investments Christopher Lange leverages leadership roles at Goldman Sachs and DGV Solutions LP. Additional team members hail from organizations like Wealthfront, Amazon, Principal, Meta, and Robinhood, bringing together industry expertise and technical innovation to support Cache's expanding client base. As equity compensation continues to play a prominent role in total rewards packages, particularly in high-growth sectors like technology, biotechnology, and finance, the demand for innovative solutions to manage concentrated stock positions is only increasing. Cache is dedicated to expanding access to these tools, helping more individuals optimize their financial outcomes. For more information, please visit About Cache Founded in January 2022, Cache is on a mission to help investors make the most of their large stock positions. Cache spent over two years in stealth mode, building the technical and financial infrastructure necessary for its modern exchange funds. The firm operates as both a broker-dealer and an investment advisor, with all necessary regulatory registrations secured. Cache Securities LLC, an SEC-Registered Broker-Dealer and Member of FINRA and SIPC, distributes Cache's products. Cache Advisors LLC, an SEC Registered Investment Advisor, is the advisor to the Cache Exchange Funds. Disclosures: *300 Million in Assets refers to Gross Assets under management as of January 24th, 2025. This communication is not an offer or solicitation of securities and is intended to inform only. Any product discussed within should only be purchased after the client reviews the offering documents and executes a subscription agreement. Cache does not make investment recommendations or assist in determining suitability; investors are responsible for ensuring that products are appropriate for their specific situation. The Cache Exchange Funds are alternative investments. Exchange funds are appropriate only for eligible, long-term investors who are willing to forego liquidity and put capital at risk for substantial periods of time. Regulations require certain eligibility criteria for participation. For more information on the difference between accredited investors and qualified investors, please view this article. Cache has offered three Exchange Funds: Cache Exchange Fund, I LLC (incepted March 8, 2024), Cache Exchange Fund GNU, LLC (incepted June 30, 2024), and Cache Exchange Fund, UNIX, LLC. (incepted August 30, 2024). Cache Exchange Fund I, LLC, and Cache Exchange Fund GNU are accredited investor funds, while Cache Exchange Fund UNIX is open to qualified purchasers only. Please visit our legal disclosure library for additional terms and conditions. Other important disclosures about the product are available here. View source version on Contacts Media Contacts: StreetCred PRcache@ Rob Farmer415-377-3293rob@ Stoyan Bojinov224-622-6637stoyan@ Sign in to access your portfolio
