Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.
Goldman Sachs Joins Morgan Stanley in Holding Bitcoin ETFs as Institutional Interest Grows: 13F Wrap
Investment advisors held more than $4.7 billion worth of U.S.-based spot bitcoin exchange-traded funds as of the end of the second quarter.
Bitcoin's Programmability Draws Closer to Reality as Robin Linus Delivers 'BitVM2'
New "BitVM2" paper from Robin Linus and a team of co-authors marks a leap forward from the initial design. Project would rely on advanced cryptography and a novel design to facilitate a secure "bridge" for transferring bitcoins from the main network to auxiliary networks known as "rollups." Unlike the earlier incarnation, BitVM2 is "permissionless," allowing anyone to challenge suspicious transactions, not just a fixed set of operators.
Wild and ‘Worrying’ Stock Rally Mints Billionaire in Brazil
(Bloomberg) -- A massive jump in the shares of a Brazilian waste management company has vaulted its founder into the ranks of billionaires in the South American country.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitShares of Ambipar Participacoes e
S&P 500 Gains and Losses Today: Ulta Beauty Surges as Berkshire Divulges Stake
The S&P 500 was up 1.6% on Thursday, Aug. 15, 2024, as a strong retail sales report underscored the resilience of U.S. consumers.
Equities, Yields Rally as Markets Parse Macro Data, Corporate Earnings
Equities, Yields Rally as Markets Parse Macro Data, Corporate Earnings
Feds announce funding push for ropeless fishing gear that spares rare whales
New efforts to convert some types of commercial fishing to ropeless gear that is safer for rare whales will be supported by millions of dollars in funding, federal authorities said. Federal fishing managers are promoting the use of ropeless gear in the lobster and crab fishing industries because of the plight of North Atlantic right whales. The whales number less than 360, and they face existential threats from entanglement in fishing gear and collisions with large ships.
Emerging-Market Currencies Slip After US Retail Sales Beat
(Bloomberg) -- Developing-nation currencies trimmed weekly gains after data underscoring the resiliency of the US economy cooled bets on an outsize interest-rate cut by the Federal Reserve next month. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitA
Dell's Stock Price Surged 25% Over the Last Week—Here’s Why
Dell Technologies shares jumped Thursday, adding to recent gains as analysts highlighted the legacy computing company's opportunity to gain from surging demand for artificial intelligence.
The Stock Market’s Retail Optimists Look Past a ‘Choiceful’ Consumer
July retail sales and Walmart gave a boost to retail sentiment, helping to drive a stock market rally.