Chip-stock bets lost $52 million in 10 minutes with Wall Street shut
A 10minute flush hit roundtheclock chipstock contracts while U.S. markets were shut, leaving traders with no real share price to lean on. Source:CoinDesk
Circle defends USDC economics as stablecoin rivals court its partners with bigger cut
Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee. Source:CoinDesk
Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.…
Citrini sees a tokenization boom. The harder question is who profits
The influential research firm says realworld assets could finally give blockchains a clear role in finance. For investors, the next challenge is figuring out…
Polygon sees Coinme acquisition as entry to payments sector dominated by Visa, Stripe
CEO Marc Boiron said the Coinme acquisition will help Polygon control customer relationships and capture revenue that previously went to payment…
Meet the home buyers totally unfazed by 7% mortgage rates
Individual investors and secondhome buyers accounted for 1 in 5 home purchases in September — the highest share in a little over a year. Source:MarketWatch
Solana shows resilience, but some areas need continued observation, Fidelity says
Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.…
Silver’s recent 50% drop from a record high hints that an economic slowdown looms
There’s a relatively offtheradar commodity that can provide hints on where the economy is headed — and it’s seen its value drop more than 50% from a record…
Microsoft, Shopify and 3 more AI stocks that are favorite Wall Street earnings plays
As earnings season kicks off, select tech companies have the opportunity to deliver big positive surprises for investors. Source:MarketWatch
Banks could slow stablecoin growth by paying savers more, BIS paper finds
A BIS working paper found a 1 basis point rise in U.S. bank deposit rates predicted slower stablecoin growth, cutting tenweek growth from 15% to 12%.…
It was another great week for the average stock as market leadership shifts away from tech
The S&P 500’s tech sector just had its worst week in a year and a half, while an equalweighted version of the index cemented a secondstraight weekly advance.…
Fed interest-rate decision this month is a closer call than markets think
Here are some of the arguments against a Fed rate hike — and why some economists disagree with them. Source:MarketWatch