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
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.…
Why stocks can still advance after a Fed hike, according to a Wall Street strategist
The investment bank found that stocks in the energy and information technology sectors on average perform the best one year after an interestrate hike by the…
Polymarket users referred to prosecutors in South Korea: Report
South Korean police reportedly referred 18 Polymarket users to prosecutors in a gambling probe involving 26 people and $12.7 million in bets.…
‘I’m burned out’: I’m constantly helping my cousin who is running out of money. Is it too much to expect his sister to help?
“I spend a lot of time away from my family and spend money on gas, taking him out to eat.” Source：MarketWatch
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…
Tom Lee says the ‘face-ripping’ rally he predicted is merely delayed
Tom Lee, head of research at Fundstrat, put a characteristically positive spin on the Federal Reserve’s interestrate decision. Source：MarketWatch
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
Bitcoin absorbs Fed rate hike as officials see more tightening
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of…