Bitcoin ETFs shed $450M in biggest outflow since June
The $450 million withdrawal came as Bitcoin fell 2.5% and the CLARITY Act failed to advance in the Senate, with Fidelity and BlackRock funds leading the…
XRP sinks 10% as the Clarity Act fails and bitcoin slides toward $76,000
The Senate's 4950 procedural vote left the crypto market structure bill 11 short of what it needed, and every major token fell. Source:CoinDesk
There were many conductors in the derailment of the crypto industry's Clarity Act
Last minute, behindthescenes disputes locked in a dismal showing for the market structure legislation the industry pinned its greatest hopes on. Source:CoinDesk
These 4 stocks could benefit most from a $3.2 trillion semiconductor opportunity
A BofA analyst expects the semiconductor market to reach $3.2 trillion by the end of the decade, shrugging off fears of an AI slowdown. Source:MarketWatch
Inflation killed the penny. Now it’s coming for your dollar.
Congress congratulated itself for solving the penny problem, but what about the source of the problem — inflation? Source:MarketWatch
2 charts showing how oil is becoming the global market’s biggest wild card
Oil is increasingly calling the tune in global markets as rising energy prices make investors nervous. Source:MarketWatch
Why a Federal Reserve rate hike could be a ‘rare win’ for your retirement money
There may be better savings yields, but beware rising creditcard rates Source:MarketWatch
Crypto stocks slide after CLARITY Act fails to advance in Senate
Circle and Coinbase shares fell about 10% as the failed Senate vote weighed on cryptolinked equities, with Bitcoin miners and treasury companies also…
Top Senate Republican floats a diesel export ban as prices soar. It might not work.
With diesel prices hitting a record $6.27 a gallon, Washington is talking about a maneuver that could ultimately make matters worse. Source:MarketWatch
Oracle’s stock falls for the fifth day in a row — missing out on the AI bounce
Chip stocks linked to OpenAI rebounded a bit on Tuesday, but Oracle shares extended their losses. Source:MarketWatch
Dow clinches its worst September start since 2008 as history repeats itself
The Dow Jones Industrial Average on Tuesday posted its worst performance during the first 10 days of September since 2008. Source:MarketWatch
Crypto stocks sink after Senate rejects Clarity Act
Coinbase, Circle and Galaxy lead a broad crypto stock selloff after the U.S. Senate failed to advance a longawaited market structure bill. Source:CoinDesk