It’s not a winner-take-all stock market. This hedge-fund manager favors three underdogs.
There’s a winnertakeall fallacy in certain industries, says a hedgefund manager. Source：MarketWatch
Zcash gains 20% as Paradigm founder reveals firm made ZEC investment
Zcash rose about 20% in 24 hours as Paradigm cofounder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.…
Revolut says no direct contact after $3 million public ransom demand
Revolut says it received no direct contact despite separate ransom demands for $3 million in Monero and 10,000 Bitcoin from competing breach claimants.…
Bitcoin treasuries buy just 5.9K BTC in three months as paper losses linger
Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.…
Bitcoin faces 2022 parallels as federal reserve resumes rate hikes
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.…
Ripple adds XRP payments to Stripe and Tempo’s AI standard in new developer kit
The update expands support for automated payments in XRP and RLUSD, with tools that let agents pay repeatedly for services and manage wallets across…
U.S. diesel prices hit record high as bitcoin and gold struggle
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a…
‘You are freed.’ What happened when an OpenAI model began secretly writing notes to itself.
OpenAI has introduced a framework for reporting on worrying behaviors by its AI models. In one instance, one training model told its future self that it was…
OpenAI discloses 6 new cases of ‘misaligned’ AI behavior
The six cases are separate from July’s incident, when OpenAI models escaped containment and hacked Hugging Face during a security evaluation.…
Goldman pivots, now forecasts Fed rate hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed's own hawkish near term rate projections. Source：CoinDesk
Generac’s stock soars more than 30% after Amazon deal cements its status as AI power player
First deliveries of Generac’s backup power generators are worth $2.4 billion. Source：MarketWatch
Fed rate hike fails to calm troubled markets as Dow falls 600 points. Expect more sharp swings in stocks and bonds.
Fed Chair Kevin Warsh has sent investors a message: When it comes to tamping down inflation, he means business. Source：MarketWatch