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, markets push higher in defiance of last week's CPI print. The US has warned China against flooding the markets with cheap products. North Korean hackers are turning to AI to enhance their capabilities. And Bitcoin miners have solved a major problem for Texas's electricity grid.


February 19 REX Wire Market Outlook

Major markets have shrugged off last week's CPI print and are continuing higher, with crypto closing in on the $2 trillion market cap mark.

February 19 REX Wire Market Outlook
Bitcoin is strong, but are alts about to have a day in the sun?

US Warns China Against Global Market Dumping

The US warns China against dumping cheap exports to solve its overcapacity problem, highlighting tensions in sectors including EVs and clean energy. Upcoming talks and international responses, including the EU's probe into China’s EV industry, underscore the global concern.

US Warns China Against Global Market Dumping
US warns of action if China’s overcapacity leads to dumping in global markets, highlighting trade tensions.

EU Fines Apple €500 Million For Streaming Antitrust Violations

Following a Spotify complaint, the EU is fining Apple €500 million for favoring its music services over competitors, marking a significant antitrust action. This decision concludes a probe into Apple's restrictive practices, challenging Big Tech's market dominance.

EU Fines Apple €500 Million For Streaming Antitrust Violations
The EU’s landmark €500 million fine against Apple for antitrust breaches in music streaming follows Spotify’s complaint.

North Korean Hackers Leverage AI For Advanced Cyber Schemes

North Korean cyber operatives employ AI to enhance espionage, targeting defense, cybersecurity, and crypto sectors. Their tactics, refined by AI, have led to major breaches and a shift in cyber warfare strategies, indicating a complex threat landscape.

North Korean Hackers Leverage AI For Advanced Cyber Schemes
North Korea’s hackers harness AI for sophisticated cyber-attacks, targeting global tech and funds.

OpenAI's Quest For Superintelligence Amid Financial Uncertainties

OpenAI faces leadership challenges but continues its rapid growth, exceeding $2 billion in revenue. With AGI as its goal, it navigates financial sustainability amidst fierce competition and high R&D costs.

OpenAI’s Quest For Superintelligence Amid Financial Uncertainties
Amid leadership upheaval, OpenAI’s revenue exceeds $2 billion, spotlighting its growth and AGI ambitions.

Stabilizing Texas Energy Grid Puts Bitcoin Miners In Berkshire Hathaway's Crosshairs

Welcoming Bitcoin miners into Texas may have avoided the need for an $18 billion investment in dirty gas "peaker" plants, required to balance the grid at times of extreme demand.

Stabilizing Texas Energy Grid Puts Bitcoin Miners In Berkshire Hathaway’s Crosshairs
Warren Buffett has always hated Bitcoin. Now, he has another reason.

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