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 how global liquidity makes the case for bitcoin. Grayscale's high fees haven't hurt their bottom line. A Google engineer has been charged with stealing AI secrets for China, Spain has taken action against Sam Altman's Worldcoin, and New York Community Bancorp has raised $1 billion to bail it out.


Pomp: It's Hard To Be Bearish

Bitcoin evangelist Anthony Pompliano reiterates the case for bitcoin, as the digital currency touches its prior all-time high.

Pomp: It’s Hard To Be Bearish
As a barometer for global liquidity, Bitcoin just makes sense.

Grayscale Enjoys The Magic Of The Bull Market Subsidy

Grayscale's high fees on its spot bitcoin ETF have angered holders, prompting them to withdraw more than 200,000 BTC from the fund. However, this has been offset by bitcoin's price increase since the ETFs launched.

Grayscale Enjoys The Magic Of The Bull Market Subsidy
By treating their captive customers with utter contempt, Grayscale have more than tripled their potential annual income.

Google Engineer Accused Of AI Trade Secret Theft

Ding Linwei, a Google engineer, is charged with stealing AI trade secrets for China-based rivals. Arrested in California, he faces up to 10 years per charge. This case highlights the tech battle between the US and China, amid broader efforts to protect American innovation.

Google Engineer Accused Of AI Trade Secret Theft
A Google engineer has been charged with stealing AI secrets to benefit China-based companies.

Spain Halts Altman's Worldcoin Over Data Concerns

Spain's AEPD halts Worldcoin's operations, demanding a stop to its eye-scanning data collection over privacy issues. The decision marks a significant regulatory action within the EU against the cryptocurrency project co-founded by Sam Altman.

Spain Halts Altman’s Worldcoin Over Data Concerns
Worldcoin faces regulatory halt in Spain over biometric data use, sparking EU-wide privacy debate.

Distressed New York Community Bancorp Raises $1 Billion

NYCB's share price has cratered in recent days, as the bank suffered significant losses on its commercial real estate portfolio.

Distressed New York Community Bancorp Raises $1 Billion
NYCB has suffered serious losses on its commercial real estate portfolio.

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