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, stock markets are hitting new ATHs, though so is national debt. Evergrande has been ordered into liquidation by a Hong Kong court. The ECB is waiting for hard data on wage growth before making its next decision on interest rates. And we've got our regular lineup of monthly crypto events for February.


ECB's Wary Stance On Wage Growth And Rate Cuts

The ECB, led by Christine Lagarde, is hesitant to alter interest rates without hard data on wage growth's impact on inflation. Despite speculation of cooling wage growth, the central bank requires concrete evidence, considering the slower wage rise in the EU and upcoming collective agreement expirations.

ECB’s Wary Stance On Wage Growth And Rate Cuts
The ECB remains cautious on rate cuts, awaiting concrete wage growth data amid economic uncertainties.

Cathie Wood's Ark Innovation ETF: A Tale Of Resilience

Ark Innovation ETF, led by Cathie Wood, recovered with a 68% gain in 2023, ranking in the top 1% of its peers. This follows a 50% annualized loss in 2021-2022. The fund's volatility is marked by its varying performance, impacted by interest rate hikes and investor sentiment, with significant inflows and outflows.

Cathie Wood’s Ark Innovation ETF: A Tale Of Resilience
Ark Innovation ETF rebounds with a 68% gain in 2023 after years of losses, showcasing the volatile nature of tech investments.

January 29 REX Wire Market Outlook

As the S&P 500 hits new highs, pay increases are raising the possibility of resurgent inflation, and US debt is out of control. Bitcoin, meanwhile, may be about to stage its next major move.

January 29 REX Wire Market Outlook
All of the numbers are going up, and that’s only partly a good thing.

Bitcoin Futures Thrive As New ETFs Reshape Trading Landscape

The launch of US spot bitcoin ETFs led to a record surge in bitcoin futures trading at CME Group, with open interest reaching $6 billion. Traders are using the "cash and carry" strategy, exploiting differences between futures contracts and spot prices, offering opportunities for substantial returns.

Bitcoin Futures Thrive As New ETFs Reshape Trading Landscape
US Bitcoin ETFs launch sparks surge in futures trading, with CME Group seeing record bitcoin contract volumes.

Crypto & Blockchain Events: February 2024

Stay in the loop with the major crypto & blockchain events of February 2024! It's another packed month full of exciting discussions, groundbreaking innovations, and networking opportunities.

Crypto & Blockchain Events: February 2024
Stay in the loop with the major crypto & blockchain events of February 2024! It’s another packed month full of exciting discussions, groundbreaking innovations, and networking opportunities.

Hong Kong Court Orders Evergrande Liquidation

Two years after the company defaulted on its debt, a court has ordered its liquidation. However, with most assets in mainland China, it is unclear how this will work in practice.

Hong Kong Court Orders Evergrande Liquidation
It’s unclear how creditors will access assets that are held in mainland China.

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