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.…
Bitget to discontinue services for some users in one-off exercise
Bitget says user funds are safe and exchange will continue to operate during the change. Source：Cointelegraph
‘Wow, it’s a real discovery’: Claude cracks a 25-year NSA number mystery
Numbers the spy agency handed over in the 1990s, long suspected of hiding a backdoor, turn out to have come from a basic computer program. Bitcoin was never on…
The bond market shrugged off two inflation shocks. Why stock investors should pay attention.
Hot CPI and PPI data should have pushed Treasury yields higher. Instead, bond buyers stepped in to suggest yields have risen high enough to become attractive…
Microsoft wants to make AI cheaper. Will investors actually see the savings?
Microsoft is betting that its custom chips can lower costs, but the AI equation is more complicated than that. Source：MarketWatch
AI investors have woken up to the bond market’s warning signs
Also in Weekend Reads: Robotic housekeeping, how to save on a wedding, and advice from The Moneyist. Source：MarketWatch
Could an Anthropic IPO put your 401(k) at risk? The AI safety debate hits a new dimension.
Anthropic and New York City’s comptroller have opened a line of communication to discuss “existential risks” posed by AI and what that could mean for the…
The U.S. budget deficit just hit almost $2 trillion — and Washington isn’t doing much about it
The deficit figure is the largest since 2021 and amounts to an estimated 6.2% of U.S. gross domestic product. Source：MarketWatch
Crypto PACs escalate spending against Sherrod Brown in Ohio Senate race
At least two industryaligned PACs have poured more than $52 million into opposing Sherrod Brown’s return to the Senate. Source：Cointelegraph
Stablecoin remittances cost 84% less than traditional transfers, report finds
Borderless.xyz data shows major savings on crossborder business payments, with stablecoin transfers also settling faster than traditional international bank…
Elon Musk may have just taken a major step toward consolidating his empire
Tesla’s newly unveiled flying sports car, which features SpaceX rocket thrusters, could help Musk push for a merger between his two biggest companies, analysts…
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank
Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank Source：Federal Reserve