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
Live updates: Zcash jumps 17% as $345 million of liquidations hit crypto traders
Short sellers took the bulk of the damage, with zcash alone accounting for $56 million of forced closures. Source：CoinDesk
Crypto rallies through the Fed's first rate increase since 2023
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm…
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.…
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
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…
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