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 aftermath of the ETFs launch, as well as whether these new products introduce unwanted risk. China slips further into deflation, and OpenAI is challenging the New York Times' copyright lawsuit.


SEC's Tentative Nod To Bitcoin ETFs

The SEC's approval of the first spot bitcoin ETFs marks a pivotal yet contentious moment in crypto regulation. With mixed responses from commissioners and industry players, the decision reflects deep divisions within the SEC and broader financial community about the role of cryptocurrencies.

SEC’s Tentative Nod To Bitcoin ETFs
SEC approves first-ever spot bitcoin ETFs, revealing internal divisions and industry’s mixed reactions.

Will ETFs Really "Centralize" Bitcoin?

Critics believe that ETFs are against the P2P ethos of Bitcoin. They may be right, but some of the potential problems may be overblown, and others are a lot better than the existing alternative.

Will ETFs Really “Centralize” Bitcoin?
Concerns that institutional involvement will detract from Bitcoin’s P2P nature may be overblown.

China's Persistent Deflation: Consumer Prices Drop For Third Month

China's consumer price index (CPI) has remained in deflation for the third consecutive month, dropping 0.3% year-on-year in December. Despite stimulus measures, the economy faces challenges with weak trade and a property sector slowdown. Full-year inflation in 2023 was only 0.2%, and exports and imports showed mixed results.

China’s Persistent Deflation: Consumer Prices Drop For Third Month
China’s CPI continues its deflationary trend for a third month, challenging economic recovery efforts.

OpenAI counters The New York Times' lawsuit alleging copyright infringement by ChatGPT. Filed in December, the lawsuit accuses OpenAI of using the newspaper's content in developing their models. OpenAI denies these allegations, citing "inadvertent memorization" and the minimal impact of such content on its model, and remains open to future partnerships.

OpenAI Challenges New York Times Copyright Lawsuit
OpenAI disputes The New York Times’ copyright lawsuit, challenging claims of ChatGPT’s infringement.

Bitcoin ETFs: A New Chapter In Cryptocurrency Trading

The launch of 11 US Bitcoin ETFs, including Grayscale's $28 billion trust, saw day 1 trading volumes exceeding $4.6 billion. Despite the enthusiasm, this isn't all new capital, hinting at cautious optimism in the market's long-term growth.

Bitcoin ETFs: A New Chapter In Cryptocurrency Trading
US Bitcoin ETFs debut with over $4.6 billion in trading, signaling a new era in cryptocurrency investment.

BTC ETFs Day 1 By The Numbers

As the data continues to come in, what can we deduce from yesterday's record-breaking ETF debut, and are there insights that can inform our understanding of how this will impact the crypto markets?

BTC ETFs Day 1 By The Numbers
The launch saw record-breaking volumes, and likely healthy inflows to the underlying spot market.

Vanguard And Merrill Lynch Block BTC ETFs

One of the largest investing platforms in the US is refusing customers access to the latest ETFs.

Vanguard And Merrill Lynch Block BTC ETFs
One of the largest investing platforms in the US is refusing customers access to the latest ETFs.

Microsoft And Apple: A Race For Market Supremacy

Microsoft briefly surpassed Apple as the world’s most valuable company, reaching a $2.87 trillion market value, thanks to its AI focus and OpenAI's ChatGPT. Apple, at $2.89 trillion, faced challenges with iPhone sales and AI developments. The long-standing rivalry evolves as Microsoft embraces AI, while Apple plans new 'spatial computing' products.

Microsoft And Apple: A Race For Market Supremacy
Microsoft edges past Apple in market value, driven by AI advancements and OpenAI’s ChatGPT success.

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