It’s not a winner-take-all stock market. This hedge-fund manager favors three underdogs.
There’s a winnertakeall fallacy in certain industries, says a hedgefund manager. Source：MarketWatch
Crypto rallies through the Fed's first rate increase since 2023
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm…
Zcash gains 20% as Paradigm founder reveals firm made ZEC investment
Zcash rose about 20% in 24 hours as Paradigm cofounder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.…
Why stocks can still advance after a Fed hike, according to a Wall Street strategist
The investment bank found that stocks in the energy and information technology sectors on average perform the best one year after an interestrate hike by the…
Polymarket users referred to prosecutors in South Korea: Report
South Korean police reportedly referred 18 Polymarket users to prosecutors in a gambling probe involving 26 people and $12.7 million in bets.…
‘I’m burned out’: I’m constantly helping my cousin who is running out of money. Is it too much to expect his sister to help?
“I spend a lot of time away from my family and spend money on gas, taking him out to eat.” Source：MarketWatch
Bitcoin treasuries buy just 5.9K BTC in three months as paper losses linger
Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.…
Bitcoin faces 2022 parallels as federal reserve resumes rate hikes
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.…
Tom Lee says the ‘face-ripping’ rally he predicted is merely delayed
Tom Lee, head of research at Fundstrat, put a characteristically positive spin on the Federal Reserve’s interestrate decision. Source：MarketWatch
U.S. diesel prices hit record high as bitcoin and gold struggle
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a…
‘You are freed.’ What happened when an OpenAI model began secretly writing notes to itself.
OpenAI has introduced a framework for reporting on worrying behaviors by its AI models. In one instance, one training model told its future self that it was…
BitMEX faces Celsius lawsuit ahead of exchange closure
The Celsius estate alleges BitMEX wrongfully liquidated and seized 6,360 BTC, worth nearly $490 million, during the March 2020 market crash.…