On The Wire: Today's Top Stories In Finance & Tech

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: The dollar breaks lower, the US shifts investment away from China, and we take a look at the UK's proposed measures to shore up confidence in the pound when stablecoin payments are implemented.

OKX's L2 Raises Questions About Scaling Ecosystem

Exchange giant OKX is joining Coinbase, Consensys, Kraken, and other major blockchain companies in launching its own Layer-2 solution. However, the move raises questions about the security, interoperability, and cost benefits of the increasingly crowded L2 ecosystem.

OKX’s L2 Raises Questions About Scaling Ecosystem

The exchange giant has a natural market for the platform in its 50 million-strong user base.

REX WireBender Smort

Nintendo Tests IP Potential With Zelda Film Venture

Nintendo's foray into filmmaking with 'The Legend of Zelda' signals a strategic shift, leveraging its iconic IP to expand beyond gaming. Investors watch as Nintendo tests its potential in cinema, balancing traditional gaming success with new media ventures.

Nintendo Tests IP Potential With Zelda Film Venture

Nintendo has announced a “Legend of Zelda” film adaptation, but questions remain about how it will add to brand value.

REX WireAndres Luke

DXY Cracks Support As Dollar Weakens

Following Tuesday's favorable CPI print, the dollar has broken through support at 105, suggesting that further downside may be coming. This would give a tailwind to risk assets like stocks and bitcoin.

DXY Cracks Support As Dollar Weakens

The DXY appears to have put in a double top at 107, and now broken through support at 105 - opening the way to further downside.

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Shifting Geopolitical Landscape Influences US Pension Fund

The US Federal Retirement Thrift Investment Board, which oversees $771 billion, will exclude China and Hong Kong stocks from its international fund, citing increased geopolitical risks and a shift in investment strategy.

Shifting Geopolitical Landscape Influences US Pension Fund

The main federal government pension fund will now exclude Chinese and Hong Kong stocks.

REX WireAndres Luke

Systemic UK Stablecoins To Use Central Bank Deposits

The Bank of England has released a report that recommends all stablecoins used in systemic payment systems should be backed by "inside money", ensuring 100% confidence in Sterling.

Systemic UK Stablecoins To Use Central Bank Deposits

Stablecoins will need to be backed with “inside” money, ensure full confidence in any payment system there are used in.

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Preparing For The Next Halving

With Bitcoin's next halving event just 150 days away, what will the drop in new supply mean for traders—and for miners, who will see their revenues slashed?

Preparing For The Next Halving

While traders await the price bump they believe will result from a drop in new supply, miners may be more wary.

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Xi Jinping Engages US Business Leaders Amid Tensions

The Chinese President's efforts to encourage stronger economic ties with the world's largest economy had limited effect as businesses adjust to new geopolitical realities.

Xi Jinping Engages US Business Leaders Amid Tensions

Xi Jinping’s San Francisco speech to US business leaders highlights China’s intent to strengthen economic ties amid growing tensions.

REX WireAndres Luke

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