SEC cancels long-awaited proposal of Reg Crypto, postponing meeting without new date
The first major crypto rule to be proposed by the U.S. Securities and Exchange Commission will have to wait a bit longer after a sudden postponement.…
Markets are looking eerily calm as investors chase FOMO rally
By nearly every headline measure, investors have never looked more relaxed in a year not short of wild rides. But that calm may not be as reassuring as it…
Workday’s stock sees a record surge. Could a buyout spark a software revival?
Shares of the HR software company rose 18% on Thursday on reports of a potential privateequity acquisition. Source：MarketWatch
‘I didn’t know what else to do:’ Patients take their health-insurance battles to Facebook and LinkedIn
Pushed to their limits, patients are turning to social media to plead for help getting their medical care covered. Source：MarketWatch
More than half of Gen Z redirected money away from investing and toward sports betting over the past year
The results of a recent survey from wealthmanagement platform Betterment are making America’s financial advisers cringe. Source：MarketWatch
City of Baltimore goes after prediction markets for sports betting
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform…
SEC Charges Toms River Trio in Connection with Alleged $47 Million Fraud Targeting Orthodox Jewish Communities
The Securities and Exchange Commission today charged three Toms River, New Jersey residents for their roles in an affinity investment fraud that raised…
SpaceX set an IPO record. Now there’s hope that Anthropic could shatter it.
A new report says that some Anthropic investors expect the company to seek a $2 trillion to $3 trillion valuation, above SpaceX’s $1.7 trillion milestone.…
The average car loan is now $785 a month — and lasts for almost 6 years
Americans borrowed a record $211 billion to pay for their cars last quarter. Source：MarketWatch
Delio CEO sentenced to 15 years in prison on crypto fraud in South Korea
More than a year after being indicted on fraud charges related to his activities at crypto company Delio, Jeong Sangho faces prison time in South Korea.…
CFTC to join SEC in exploring crypto regulations without CLARITY bill
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and…
Forecasts for $1 million bitcoin price likely look too ambitious, key ratio suggests
The thesis is that high yields on longterm U.S. Treasuries make nonyielding assets like bitcoin less attractive. Source：CoinDesk