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.
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, central banks adjust strategies following inflation surprises and China's gaming sector hints at recovery, while tech giants lead AI investment surges. Additionally, January brings notable crypto and blockchain events, with potential shifts in the crypto market due to rising spot Bitcoin ETF inflows.
Crypto & Blockchain Events: January 2024
What's new and where is there something to learn in the crypto and blockchain world? Here's our latest edition of "Crypto & Blockchain Events", checking out what's coming up in January.
Central Banks Adapt Post-Inflation Surprises
Central banks, after failing to predict recent inflation spikes, are revising forecasting methods. They're shifting focus to scenario analyses and broader economic factors, acknowledging traditional model limitations and enhancing policy adaptability.
Chinese Gaming Sector's Tentative Recovery Amid Regulatory Shifts
Following new regulatory guidelines, Chinese gaming stocks like Tencent and NetEase show recovery, with Beijing easing its approach. This shift comes after a significant market sell-off, reflecting ongoing investor concerns about policy unpredictability in China's tech sector.
Tech Titans Eclipse Venture Capital In AI Investment Surge
In 2023, Microsoft, Google, and Amazon dominated AI startup investments, contributing two-thirds of $27bn raised, overshadowing venture capitals. This trend reflects a shift in the investment landscape, with Big Tech backing foundational AI models and significantly influencing the sector's valuation and growth dynamics.
Potential Surge In Spot Bitcoin ETF Inflows Set To Revolutionize Crypto Market
BitMEX Research shows 150 crypto ETPs managing $50.3 billion. US spot Bitcoin ETFs might surpass this market, with predictions ranging from Bitwise's $72 billion within five years to Van Eck's conservative $2.4 billion in early 2024. The global trend shows increasing institutional investment in crypto.
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