On The Wire: Today's Top Stories In Finance & Tech
Your daily briefing of some of the most important stories from the crypto, finance, and tech space.
The value of the assets has soared since the court made its decision.
Bitcoin currently consumes 200% of the world's electricity, all of its water, and has been linked to increased rates of syphilis among teenagers.
Risk-on appetite has returned, with stocks, gold, and crypto posting big gains.
Money market funds allow investors to access risk-free returns close to the current interest rate.
It's unclear how the unorthodox recommendation might revive falling ad revenues at X/Twitter.
Recent Ethereum inflows have almost cancelled out the outflows from earlier this year.
Coinbase is in line to manage custody for 9 out of 12 ETFs.
While Ark may be selling GBTC, the increase in price means it accounts for a larger percentage of the fund's portfolio.
Bitcoin miners enjoy a high degree of flexibility, and can take advantage of excess power supply.
It's possible that institutions are striking deals directly with miners to buy coins OTC.
The assumption that CZ would spend only months in jail in the US are looking less likely.
Following the collapse of Evergrande, another huge shadow bank is experiencing serious solvency problems.
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