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 the markets are suddenly embracing risk and stocks are soaring. Some shoddy research about Bitcoin's water use is being passed around on mainstream media. X has been forced to adapt following Musk's alienation of big corporations. And FTX may be getting ready to offload almost a billion dollars of assets.


December 4 REX Wire Market Outlook

Stocks, gold, and crypto are soaring, as expectations of further rate rises evaporate and the dollar weakens. Risk is very much back on the menu.

December 4 REX Wire Market Outlook
Risk-on appetite has returned, with stocks, gold, and crypto posting big gains.

A Puppy Dies Every Time You Make A Bitcoin Transaction

New research, from an employee of the Dutch central bank, gives a deeply flawed analysis of Bitcoin's water use—but that hasn't stopped major news outlets repeating it uncritically.

A Puppy Dies Every Time You Make A Bitcoin Transaction
Bitcoin currently consumes 200% of the world’s electricity, all of its water, and has been linked to increased rates of syphilis among teenagers.

Huawei Surprises With Advanced Chip Despite US Sanctions

Facing US sanctions, Huawei partnered with China's SMIC to develop the Kirin 9000S chip, overcoming technical challenges with older equipment. Launched in 2023, this collaboration marks a significant step in China's push for semiconductor independence and AI chip production.

Huawei Surprises With Advanced Chip Despite US Sanctions
Huawei defies US sanctions with its new Kirin 9000S chip, developed in collaboration with China’s SMIC amid tech tensions.

X Reinvents Ad Strategy In Wake Of Musk's Controversial Remarks

Following a boycott by major brands due to Elon Musk's comments, X is refocusing its advertising strategy towards small and medium-sized businesses. The platform is forming partnerships and exploring new revenue models to offset the impact of losing larger advertisers.

X Reinvents Ad Strategy In Wake Of Musk’s Controversial Remarks
X shifts ad focus to small businesses amid a major brand boycott, after Musk’s controversial comments.

US Court Halts Montana's TikTok Ban

A US judge halted Montana's TikTok ban, challenging the state's move as an overreach and unconstitutional. The ban, set for January, was part of a wider scrutiny of TikTok's Chinese ties and data security concerns.

US Court Halts Montana’s TikTok Ban
A federal judge blocks Montana’s first state-wide TikTok ban, citing constitutional concerns.

Global Stocks Soar On Interest Rate Cut Expectations

Global stocks experienced their largest monthly rally in three years, driven by investor optimism over potential interest rate cuts. The MSCI All-Country World index rose 9%, with US stocks making significant gains. Decreasing inflation rates and changing central bank policies fuel hopes of economic stability.

Global Stocks Soar On Interest Rate Cut Expectations
Global stocks surge as investors anticipate interest rate cuts, marking the biggest monthly rally in three years.

Delaware Court Greenlights $900 Million FTX Asset Sales

The value of the assets to be sold has soared in the short time since the court made its decision, meaning FTX users are more likely to get their money back.

Delaware Court Greenlights $900 Million FTX Asset Sales
The value of the assets has soared since the court made its decision.

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