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 look at the competition heating up between BTC spot ETF issuers, and why Grayscale has the edge. Apple is set to launch its landmark Vision Pro, and the British Library is still reeling from a major cyber attack. And just how can one man be wrong about the markets so much of the time?


ETF Fee War Gets Under Way

With BTC spot ETFs launching as soon as this week, issuers are competing to pull in the most investor capital, dropping their fees and even waiving them for a period of time.

ETF Fee War Gets Under Way
Providers are slashing their fees, and even waiving them altogether for the opening months.

Apple Set To Launch Vision Pro

Apple announces the US launch of Vision Pro headsets in February, amidst a decline in iPhone sales. Priced at $3,499, it's their biggest product launch since 2015. Despite challenges in China and global supply chain shifts, Apple aims to revolutionize "spatial computing" with Vision Pro.

Apple Set To Launch Vision Pro
Apple’s Vision Pro, set for a February US launch, marks a strategic shift amid slowing iPhone sales.

British Library's Financial Strain Post-Cyber Attack

The British Library is using 40% of its reserves for recovery from a ransomware attack that disabled many digital services. Refusing to pay a £600,000 ransom, it now faces a £6-7 million rebuilding cost, affecting academics and the public. Cybersecurity enhancements are underway.

British Library’s Financial Strain Post-Cyber Attack
The British Library faces a costly recovery from a major cyber attack, impacting its vast collection and services.

US Leaders Finalize $1.66 Trillion Spending Plan To Avert Shutdown

US Congressional leaders have agreed on a $1.66 trillion spending plan for 2024 to avert a government shutdown. The deal, announced by both parties, faces challenges from Republican hardliners. It includes cuts to the IRS and repurposing unused pandemic funds, but is criticized as insufficient by some.

US Leaders Finalize $1.66 Trillion Spending Plan To Avert Shutdown
US Congress reaches a bipartisan $1.66 trillion spending deal, aiming to prevent a government shutdown.

Grayscale's Edge In The Bitcoin ETF Confrontation

Grayscale Bitcoin Trust, with $27 billion in assets and $350 million daily volume, stands strong in the Bitcoin ETF race. Despite higher fees, its vast investor base and market presence give it an edge over competitors like BlackRock, with tax implications and parent company challenges playing crucial roles.

Grayscale’s Edge In The Bitcoin ETF Confrontation
Grayscale’s GBTC, with its vast Bitcoin holdings, positions itself as a leader in the Bitcoin ETF market race.

How Is Jim Cramer So Consistently Wrong?

Mad Money's Cramer might be a popular figure to his audiences, but that doesn't make him good at picking winners. In fact, the better he is as a host, the better he becomes at losing his fans money.

How Is Jim Cramer So Consistently Wrong?
When you provide analysis that appeals to the crowd, you personify herd mentality - and the herd is usually wrong.

Alert On Escalating Public Debt Levels Ahead Of Elections

Investors worldwide are alerting governments about spiraling public debt levels, with the US and UK expected to hit record-high bond issuances, surpassing pandemic levels. Emerging markets also face all-time high debt-to-GDP ratios, intensifying concerns about fiscal sustainability and market stability amidst upcoming elections.

Alert On Escalating Public Debt Levels Ahead Of Elections
Global investors warn about soaring public debt levels in US, UK, and emerging markets, anticipating market impacts.

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