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 look at the strain on Russia's economy that sanctions and the war in Ukraine have caused. OpenAI has partnered with a major media organization to secure data for training its models. The SEC has been busy, rethinking its approach to spot BTC ETFs and revamping the Treasury market. And Nvidia is proving one of the most active investors in companies that use its own technology.


SEC Chair Gensler Reevaluates Bitcoin ETFs After Grayscale Court Decision

SEC Chair Gary Gensler suggests reevaluating Bitcoin ETFs in light of a Grayscale court decision. With 8-12 filings under review, the SEC's approach may shift, potentially opening doors for major asset managers. Gensler's ambiguous comments have drawn both interest and criticism.

SEC Chair Gensler Reevaluates Bitcoin ETFs After Grayscale Court Decision
Grayscale’s court victory prompts SEC reconsideration of Bitcoin ETF policies.

US Highlights Economic Strain On Russia Due To Ukraine Conflict

The US Treasury Department reveals Russia's economy is under strain due to the Ukraine conflict, with a significant rise in defense spending and inflation. The war has led to a depreciating rouble and stunted economic growth, contrasting with Russian claims of economic resilience.

US Highlights Economic Strain On Russia Due To Ukraine Conflict
The US Treasury reports Russia’s economy is strained by the Ukraine war, with increased defense spending and inflation.

Axel Springer And OpenAI Forge Pioneering Partnership

Axel Springer has struck a deal with OpenAI, permitting the use of its news content from Bild, Politico, and Business Insider for AI model training. This landmark agreement includes real-time content access for AI responses and an annual multi-million euro license fee, marking a significant shift in media-AI collaboration.

Axel Springer And OpenAI Forge Pioneering Partnership
Axel Springer partners with OpenAI, allowing AI training with content from its media outlets for a significant annual fee.

SEC Votes For Major Treasury Market Overhaul, Increasing Central Clearing

The SEC voted for a major reform in the $26tn Treasury market, requiring an additional $1tn in daily trades to be centrally cleared. This move aims to increase market resilience, aligning Treasury trading with other financial sectors. The rule, effective from December 2025, primarily impacts the repo market and addresses concerns about increased leverage in hedge fund trades.

SEC Votes For Major Treasury Market Overhaul, Increasing Central Clearing
SEC’s new vote mandates more Treasury trades to undergo central clearing, impacting repo markets and hedge funds.

Nvidia Ascends As Major Investor In AI Start-ups

Nvidia has ramped up its investments in AI, participating in 35 deals in 2023, notably higher than the previous year. Focusing on companies using its technology, Nvidia's investments span various AI applications. Key investments include Inflection AI, Cohere, Hugging Face, and CoreWeave, aligning with its strategic market positioning.

Nvidia Ascends As Major Investor In AI Start-ups
Nvidia diversifies into the AI startup sector, leveraging its chipmaking expertise for strategic investments.

Bitcoin: A Timeline For 2024

Expected approval for ETFs, a one-to-two-month delay before launch, the Halving, and interest rate cuts all add to a very interesting picture for next year.

Bitcoin: A Timeline For 2024
A number of key developments at the beginning of the year could push crypto to mainstream global attention.

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