Financial stocks are falling as rates rise. Why that’s a problem for the broader market.
Higher interest rates could slow loan growth and raise banks’ funding costs Source：MarketWatch
The AI infrastructure trade is still not over, says this top-performing fund manager. Where he’s investing.
BNY Mellon Global Infrastructure Income exchangetraded fund manager Brock Campbell said some investors mistakenly believe the artificialintelligence play has…
Bitcoin consolidates near $86,000 as rally narrows and Brent slips below $100
Thirtyeight of the 100 CoinDesk 100 constituents were lower on the day, with bitcoin cash up 32% over 24 hours on a CME futures listing. Source：CoinDesk
BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
The exchange, cofounded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its winddown continues.…
‘I don’t begrudge them their money’: My husband and I have friends who spend, spend, spend. How do we keep up?
“A weekend away isn’t a weekend away. It’s a luxury hotel, expensive meals and a lastminute upgrade.” Source：MarketWatch
CFTC chair pushes tokenization as SEC opens door to onchain stocks
Michael Selig said tokenization could reshape financial markets as the CFTC and SEC continue advancing onchain initiatives despite the CLARITY Act setback.…
FTX, Alameda-linked wallets send $75 million in ether to Wintermute, onchain data shows
Onchain analysts PeckShield and EmberCN say the funds moved to a Wintermute wallet, but neither a sale nor the purpose of the transfer have been confirmed.…
Raiffeisen to offer crypto trading across 11 European markets via Bitpanda
Bitpanda will provide crypto infrastructure to Raiffeisen network banks, potentially extending digital asset access to about 18 million customers.…
Why analysts say a diesel export ban could backfire
A ban on U.S. diesel exports could reduce supplies and simultaneously lead to prices rising further, according to analysts. Source：MarketWatch
Here are the hidden flaws in Warsh’s new way of tracking inflation
Economists at Nomura say the new way Kevin Warsh is tracking inflation doesn’t have better predictive power than core readings. Source：MarketWatch
AI agents will soon buy their own computing power and data using stablecoins, according to BlackRock
The asset manager sees payments as the nearerterm opportunity, while markets for computing capacity remain at an early stage Source：CoinDesk
My friend grosses $300,000 a year with her pet-sitting business. She pays herself $50,000. Should I do the same?
“She currently has about 15 sitters, all independent contractors.” Source：MarketWatch