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 daily news roundup from REX Wire

Welcome to your daily briefing, where we bring you stories from the forefront of finance, technology, and market analysis, sent directly to your inbox.

In today's roundup, we take a closer look at the recent bitcoin correction, as CPI comes in bang on target. Semiconductor manufacturers are competing to develop the latest "2nm" chips. Google's defeat by Fortnite developer Epic Games adds to the scrutiny on the web giant, and Pudgy Penguins are seeking to usher in a new era of blockchain gaming.


Global Semiconductor Leaders Compete In Next-Gen Chip Development

Leading semiconductor companies, TSMC, Samsung, and Intel, are in a race to develop "2 nanometre" chips, crucial for the next generation of technology. This competition among global leaders is set to transform smartphones, AI, and data centres, with TSMC leading but facing strong challenges from its rivals.

Global Semiconductor Leaders Compete In Next-Gen Chip Development
Global semiconductor leaders vie in a tech race to create revolutionary 2 nanometre chips, key to future smart devices and AI.

BlackRock Set To Launch AI Tools For Enhanced Client Services

In January, BlackRock plans to launch generative AI tools for clients, aiming to improve service quality and efficiency. These tools will be integrated into its Aladdin and eFront systems, aiding in data extraction and research, while maintaining strict data security.

BlackRock Set To Launch AI Tools For Enhanced Client Services
BlackRock set to introduce generative AI tools in January, enhancing client services and internal productivity.

BTC Correction Rattles Traders

The 10% fall this week (so far) is nothing out of the ordinary for bitcoin, which was heavily overbought. Falls of 30-40% are common for BTC, even in bull markets.

BTC Correction Rattles Traders
Bitcoin often corrects by 30-40% in a bull market. Is this time any different?

Pudgy World Alpha Ushers In New Blockchain Gaming Wave

Pudgy Penguins is set to launch Pudgy World Alpha in early 2024, a blockchain game blending digital and physical gaming experiences. This open-world game, utilizing zkSync Era technology, aims to attract a broad audience and expand the Pudgy Penguins brand into various digital and physical products.

Pudgy World Alpha Ushers In New Blockchain Gaming Wave
Pudgy Penguins unveils Pudgy World Alpha, a new blockchain-based game, launching in 2024 with immersive Web3 elements.

US CPI Data Brings No Surprises

Inflation data came in bang on forecasts, meaning traders barely adjusted their positions, or expectations for an interest rate rise tomorrow.

US CPI Data Brings No Surprises
Bitcoin barely reacted when the data dropped, as traders were expecting the slight fall with a high degree of confidence.

Google's Antitrust Defeat In Epic Games Lawsuit

A federal jury found Google liable in an antitrust case brought by Epic Games, focusing on Google's Play Store practices in the Android market. The case scrutinizes Google's alleged market power abuse and high fees, with a $12 billion profit in 2021. Google plans to appeal, while Epic underscores the need for regulation in the tech industry. This case adds to Google's ongoing legal challenges, including a lawsuit from the DOJ.

Google’s Antitrust Defeat In Epic Games Lawsuit
Google faces a legal setback as a jury sides with Epic Games in an antitrust lawsuit over app store practices.

DappRadar Report: DApp Usage Peaks At 3.4 Million, NFTs Approach $1 Billion

DappRadar's November 2023 report shows a record 3.4 million daily dApp users and a near $1 billion NFT market. Gaming leads with 1.2 million users, while DeFi grows 12% in TVL, dominated by Ethereum. Key highlights include the rise of KAI-CHING and motoDEX, and the significant growth of the NFT marketplace, OKX.

DappRadar Report: DApp Usage Peaks At 3.4 Million, NFTs Approach $1 Billion
DappRadar’s data highlights the booming dApp industry, with gaming and NFTs leading the charge in user growth and market value.

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