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☆ Sally Field shares story about harrowing abortion in Mexico as a teenager: ‘We can’t go back’
▼ + stars: | 2024-10-07 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Oscar-winning actor Sally Field has opened up about a “life-altering” abortion she had as a teenager, aiming to highlight the issue of reproductive rights. Field recalled the ordeal in a video posted to her Instagram, saying that she got an abortion when she was 17 in Tijuana, Mexico, on the advice of a doctor, who was also a family friend. The doctor, she said, drove her to the clinic, accompanied by Field’s mother and the doctor’s wife. She has previously voiced support for Democratic candidates and long advocated for women’s rights, LGBTQ+ rights and combating climate change. “We can’t go back,” Field said in the video.

Persons: CNN — Oscar, Sally Field, Field, Field’s, “, ”, Kamala Harris ’, Donald Trump’s, Harris Organizations: CNN, Democratic Locations: Tijuana , Mexico, “, United States

☆ XRP slides 9% after SEC appeals decision in landmark Ripple case
▼ + stars: | 2024-10-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

XRP was last lower by more than 9% at 52 cents a coin, according to Coin Metrics. Ripple, the largest holder of XRP coins, scored a partial victory last summer after a three-year battle with the SEC. U.S. District Judge Analisa Torres handed down the decision, which was hailed as a landmark win for the crypto industry. Still, while XRP isn't considered a security when sold to retail investors on exchanges, it is considered an unregistered security offering if sold to institutional investors. XRP, which was created by the founders of Ripple, is the native token of the open source XRP Ledger, which Ripple uses in its cross-border payments business.

Persons: XRP, Analisa Torres, XRP isn't, Brad Garlinghouse, Stuart Alderoty, Alderoty, Gary Gensler, Garlinghouse Organizations: Securities and Exchange Commission, SEC, U.S, District, Bitwise Asset Management Locations: Paris, France, Delaware

☆ Investors hope October paves way for records as cryptocurrency enters historically strong month
▼ + stars: | 2024-10-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

A September surprise has given bitcoin a head start on a potential run to record highs in the fourth quarter. The cryptocurrency posted a 7.7% gain for September — historically its weakest month of the year — and its best month since May. The month has become known to native crypto investors as "Uptober." … As crypto becomes increasingly correlated with traditional markets, it's expected to be another strong month." Investors expect bitcoin's price will be driven by rate cuts, more inflows into bitcoin ETFs by institutions and clarity following the election.

Persons: Ether, Bitcoin, Jerome Powell, James Davies, " Davies, David Duong, Duong, we've, bitcoin, it's, — CNBC's Michael Bloom, Nick Wells Organizations: U.S, International Longshoremen's Association, Gulf Coasts, bitcoin Locations: U.S, China

☆ Black-colored plastic used for kitchen utensils and toys linked to banned toxic flame retardants
▼ + stars: | 2024-10-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

“That particular product had up to 22,800 parts per million of total flame retardants — that’s almost 3% by weight,” Liu said. That chemical is a member of the polybrominated diphenyl ethers, or PBDE, class of flame retardants. “I would recommend not using black plastic for food contact materials or buying toys with black plastic pieces,” said Birnbaum, who was not involved in the study. What consumers can doExperts say there are ways that consumers can reduce their risk from flame retardants. “Replace your plastic kitchen utensils with stainless steel options or choose plastic free items to help reduce your overall exposure to harmful additives and plastic,” Liu said.

Persons: CNN —, ”, Megan Liu, ” Liu, Liu, DecaBDE, decaBDE, toxicologist Linda Birnbaum, “, Birnbaum, ” Erich Shea, ” Shea, that’s, hadn’t, Leonardo Trasande, “ I’m, Trasande, vacuuming, ” Birnbaum Organizations: CNN, Toxic, US Environmental Protection Agency, National Institute for Environmental Health Sciences, National Toxicology, Chemistry, ” Manufacturers, National Institute of Environmental Health Sciences, Flame, Alliance, Amsterdam Institute for Life, Vrije Universiteit, “, NYU Langone Health Locations: United States, sofas, Vrije, Amsterdam, New York City

☆ Bitcoin tumbles back to the $60,000 level as tensions in the Middle East heighten
▼ + stars: | 2024-10-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Around 4:45 p.m. Eastern time, bitcoin slid to as low as $60,175. Crypto exchange Coinbase dropped about 1% and bitcoin proxy MicroStrategy lost 2%, after closing lower by 7.4% and 3.5%, respectively. Stock Chart Icon Stock chart icon Crypto assets tumble to start October and the fourth quarterRising tensions in the Middle East dampened investors' risk appetite as the new trading month and quarter began. "Surging unrest across the Middle East has propelled oil prices upward and reinforced the dollar's strength, casting a shadow over bitcoin and other speculative investments," said Chris Kline, chief operating officer and co-founder of Bitcoin IRA. "Meanwhile, a global monetary tug-of-war is unfolding as various central banks slash interest rates and expand their money supplies."

Persons: Jonathan Raa, Cryptocurrencies, bitcoin, Coinbase, MicroStrategy, Hassan Nasrallah, Chris Kline Organizations: Nurphoto, Getty, bitcoin, Metrics, International Longshoremen's Association, Gulf Coasts Locations: Iran, Israel, Iranian, Lebanon

☆ 2024 Election: Crypto Bros Could Swing Votes Toward Kamala or Trump
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. In September, he unveiled his own crypto venture, World Liberty Financial. The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

Persons: cryptocurrency, Crypto, Sen, Katie Porter, Jamaal Bowman, Sherrod Brown's, Bernie Moreno, Donald Trump, Kamala Harris, Trump, Harris, Marc Andreessen, Ben Horowitz, Andreessen Horowitz, Cameron, Tyler Winklevoss, He's, Adam Kovacevich, Joe Biden's, Gary Gensler, Lina Khan, Biden, Sheila Warren, Brian Hughes, Elizabeth Warren, Jon Tester, Bernie Sanders, Barron, it's, Robert Weissman, he's, She's, Chuck Schumer, Jared Polis of, Anthony Scaramucci, Mark Cuban, Ron Conway, Sherrod Brown, Kamala, she's, Rachael Horwitz, " Horwitz, Harris hasn't, Molly White, Horwitz, It's, There's, Weissman, Dan Cassino, Khan, Warren, that's, Emily Stewart Organizations: Democratic, Sherrod Brown's Republican, Gemini, Facebook, Trump, GOP, Republican, of, Democrats, Securities and Exchange, Federal Trade Commission, Crypto, Innovation, Liberty Financial, Public Citizen, Financial Times, Politico, Gov, Jared Polis of Colorado, Wall Street, Haun Ventures, Fairleigh Dickinson University, Capitol Hill, SEC, FTC, Chamber, Business Locations: Ohio, Wisconsin, Nashville, United States, Silicon Valley, That's, California, New York, America, bitcoin, Washington

☆ Why Kamala Harris and Donald Trump Are Courting the Crypto Crowd
▼ + stars: | 2024-09-30 | by ( Emily Stewart | ) www.businessinsider.com time to read: +14 min

Trump and Harris have different reasons to try to attract the crypto community — donors, voters, the fact that the former president likes anyone who flatters him, etc. All of Trump's courting of the crypto industry is possible because Democrats left open an opportunity for him to pounce. Related storiesWhile Molly White, a crypto researcher and critic, described Harris' recent statements about crypto as "middle of the road," she said she thought the crypto industry was "definitely taking an optimistic view." The crypto industry doesn't mind the attention it's getting from policymakers. What Harris or Trump will actually do on crypto is unclear, but that's not really the point right now.

☆ Bitcoin rallied on Thursday, but recent history says this pop will fade as well
▼ + stars: | 2024-09-26 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. Bitcoin is down 13% from its March 13 record and ether has tumbled 34% in the same period. With a year-to-date gain of 50%, bitcoin is considered to be in a bull cycle that began in March 2023. The most recent Bitcoin halving took place in April, and the post-halving highs historically don't come until about 18 months after the supply cutting event . Between the popularity of bitcoin ETFs that launched in January, the slowing of the bitcoin supply and a slew of other macro and micro catalysts, many traders are holding out for a price surge.

Persons: Bitcoin, it's, Wolfe, Rob Ginsberg, Ginsberg Organizations: Federal Reserve, BTC, Securities, Exchange, & $

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHarris vows to encourage innovation of digital assets during NYC fundraiser: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Rich Rines of Core DAO breaks down the latest price moves for bitcoin and ether, and where crypto markets could be headed by 2025.

Persons: Harris, explainers, Rich Organizations: CNBC Crypto, CNBC

☆ Georgia or Alabama: Who is facing the most pressure in SEC showdown?
▼ + stars: | 2024-09-23 | by ( Seth Emerson | Kennington Smith Iii | ) www.nytimes.com time to read: +11 min

Georgia is favored over Alabama for the fourth straight time Saturday, but another loss would be three losses in those four games. A loss would turn the conversation from “Kirby Smart had a Nick Saban problem” to “Georgia has an Alabama problem.”Alabama beat Georgia in the SEC Championship Game and earned a spot in the College Football Playoff. It certainly was in last year’s SEC Championship Game and likely will be again this weekend. But an Alabama win would elevate his status early in his tenure, so in that regard, there’s a lot to gain. Win or lose, both Georgia and Alabama will come away with things they need to work on.

Persons: Kirby Smart, Billie Jean King, ” Smart, Kalen, Nick Saban, Seth Emerson, Kennington Smith, Smith, That’s, Kirby, Saban, “ Kirby Smart, ”, Kevin C, Cox, Emerson, Smart, Minus Saban, Ole Miss, Carson, Beck, Jalen Milroe, Glenn Schumann, Milroe, he’s, —, Ryan Williams, Brock Bowers, Ladd McConkey, Mitchell, We’ve, I’m, it’s, Meech Robinson, DeBoer, Todd Kirkland, Erick W Organizations: Alabama, Smart, Georgia, Tide, SEC, College Football, Tennessee, LSU, Oklahoma, Saban, Texas, Emerson, Kentucky, Heisman Trophy, NFL, South, Wisconsin, Clemson, Getty Locations: Georgia, Tuscaloosa, Alabama, Smart, DeBoer, “ Georgia, Texas, Missouri, Kentucky, Tennessee, South Florida

☆ Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point
▼ + stars: | 2024-09-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building on a rally underway before the central bank decision Wednesday. Stocks tied to the price of bitcoin climbed in early trading Thursday. MicroStrategy , widely used as a high beta play on the price of bitcoin, gained 5%. It isn't out of the woods yet, however, said Yuya Hasegawa, crypto market analyst at Japanese bitcoin exchange Bitbank. "Bitcoin has some time until the BOJ makes the decision and could extend its gain during Thursday's U.S. session.

Persons: bitcoin, Stocks, Yuya Hasegawa, Bitcoin Organizations: Metrics, Federal Reserve, Nasdaq, Bank of, Thursday's U.S

☆ Americans Really Hate the so-so Economy, Worried About Recession
▼ + stars: | 2024-09-17 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

We expected there to be a cooling labor market — that's kind of the goal — and it's always just, you know, how cool?" That being said, when it comes to the labor market … it is, in fact, so over. That's an improvement over July's 4.3% unemployment rate, but overall, the jobs market in the US is cooling off. Related stories"If you imagine a labor market like a bathtub, the bathtub is full," said Dana Peterson, the chief economist at the Conference Board. Despite the strong labor market, they're sending endless résumés into the ether without getting any bites, and they don't understand why.

Persons: I've, it's, Allison Shrivastava, Joanne Hsu, there's, Dana Peterson, Jaime, Alexis Fowler, she'd, That's, pang, Hsu, Michael Madowitz, Y, Peterson, We're, Emily Stewart Organizations: Federal, University of Michigan, Conference Board, Roosevelt Institute, Business

☆ Bitcoin climbs above $60,000 ahead of Fed rate decision
▼ + stars: | 2024-09-17 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

Bitcoin reclaimed $60,000 on Tuesday as investors awaited details of the Federal Reserve's rate cutting plans. Bitcoin "is likely to react to the news of a Fed rate cut with some retrenchment as the short-term market dynamics filter out," said Philipp Pieper, co-founder of Swarm Markets. The market is divided on whether the Fed would reduce rates by 25 or 50 basis points. One basis point equals 0.01%. Investors have been anticipating Fed rate cuts, the growth of bitcoin ETFs and the outcome of the U.S. presidential election as the next catalysts to shake up the crypto market.

Persons: Bitcoin, cryptocurrency, Donald Trump, Philipp Pieper, bitcoin Organizations: Metrics, Federal Reserve, Swarm Markets, Nasdaq, Investors, U.S

☆ Americans lost a record $5.6 billion to crypto scams last year, says FBI—this is the No. 1 kind to watch out for
▼ + stars: | 2024-09-13 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Financial losses "involving the use of cryptocurrency, such as bitcoin, ether or tether" last year totaled over $5.6 billion, per the agency's 2023 Cryptocurrency Fraud Report . Americans lost billions to cryptocurrency scams in 2023, according to a recent report from the United States Federal Bureau of Investigation. However, investment scams swindled Americans out of $4 billion, the highest loss by crypto crime type last year, per the FBI's report. They'll sometimes communicate with victims for months in order to gain their trust before offering so-called investment advice about cryptocurrency. And even after paying the fees, many victims aren't able to recover the bulk of what they've already lost, per the FBI's report.

Persons: fraudsters, they're, they've Organizations: FBI, United States Federal Bureau of Investigation

☆ Ripple's XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF
▼ + stars: | 2024-09-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

The price of Ripple's XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency. XRP was last higher by more than 3% at 56 cents a coin, according to Coin Metrics. XRP is the native token of Ripple's XRP Ledger, whose main purpose is to facilitate cross-border financial transactions. Grayscale made history shortly after when a court ruled that the SEC was wrong to deny crypto investment giant permission to convert its popular bitcoin trust into an ETF. The Grayscale Bitcoin Trust and the Grayscale Ethereum Trust began trading in January and July of this year, respectively, as ETFs.

Persons: XRP, Rayhaneh Sharif, Analisa Torres, cryptocurrencies, Bitcoin, MicroStrategy, —, Jesse Pound Organizations: Metrics, Securities and Exchange Commission, District, SEC Locations: London, England, Bitcoin, U.S

☆ Ether has been dramatically underperforming bitcoin as the investment case for the cryptocurrency weakens
▼ + stars: | 2024-09-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Ether, the second largest cryptocurrency by market cap, is nearly 50% off its all-time high. The ETH/BTC ratio, a sentiment indicator reflecting the relative value of ether compared with bitcoin, is at its lowest level since April 2021. "Bitcoin has a very well established use case, which is a store-of-value currency," said Julio Moreno, head of research at CryptoQuant. Some investors had hoped ether could compete with bitcoin, whose rate of supply growth slows every four years after the halving. However, ether supply has been rising at a fast pace this year, and is on track to resume its pre-Merge levels in the next three months, according to CryptoQuant.

Persons: Ethereum, bitcoin's, hasn't, David Duong, Mike Colonnese, Wainwright, Julio Moreno, Vitalik Buterin, Duong, — CNBC's Michael Bloom Organizations: ETH, BTC, H.C, Citi, Lightning, Coinbase's Locations: Solana

☆ Coinbase has worst week of the year as crypto stocks plummet
▼ + stars: | 2024-09-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

(Photo Illustration by Justin Sullivan/Getty Images) Justin Sullivan | Getty ImagesCryptocurrency exchange Coinbase just wrapped up its worst week of the year. According to CoinGlass, September is historically a difficult trading month for crypto assets, with bitcoin notching an average loss of 4.8%. The Crypto Fear & Greed Index, a gauge of crypto market sentiment, is firmly in the "Extreme Fear" zone, indicating that investors are worried about price moves. On Friday, the Bureau of Labor Statistics reported a cooldown in the labor market with August payrolls falling short of expectations. Crypto equities hit hardestWhile it was a rough week for risky assets of all sorts, investors over-indexed in crypto stocks had it particularly bad.

Persons: Justin Sullivan, Schwab, CoinGlass, Bitcoin, payrolls, Leena ElDeeb, MicroStrategy, Michael Saylor, CleanSpark, Jerome Powell, Donald Trump, Trump, Gary Gensler Organizations: Securities, Exchange, Securities and Exchange Commission, Marathon, Nasdaq, bitcoin, Labor, of Labor Statistics, SEC, JPMorgan Chase, Federal Reserve, August's, U.S, Republican Locations: CALIFORNIA, San Anselmo , California, Bitcoin, U.S, MicroStrategy, Coinbase, Nashville

☆ Bitcoin ETFs saw heaviest outflows in four months on Tuesday as crypto prices plunged
▼ + stars: | 2024-09-04 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Much of the initial enthusiasm surrounding bitcoin ETFs has dissipated in the last few months, following a blockbuster debut that broke records for the ETF market. Spot bitcoin funds now hold a total of around $52.6 billion in assets under management, $10 billion off their peak. As of the end of the second quarter, Wall Street banks and hedge funds were buyers of bitcoin ETFs. Goldman Sachs made its debut in the crypto ETF market in the period, purchasing $418 million worth of bitcoin funds. Of the investment bank's $1.5 trillion in assets under management, it held $189 million worth of spot bitcoin ETFs, down from roughly $270 million in the prior period.

Persons: Ark 21Shares, Bitcoin, Wainwright, Goldman Sachs, Morgan Stanley Organizations: outflows, Investors, SEC, Fidelity, JPMorgan Locations: U.S, Wall

☆ Beware of a bitcoin backslide to $50,000 as it enters historically worst month of the year
▼ + stars: | 2024-09-02 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin slid 10.25% for its worst month since April, while ether dropped 23.66% in its third monthly drawdown and worst month since June 2022. "It's not a pretty picture across the crypto landscape at the moment," said Rob Ginsberg, chart analyst at Wolfe Research. "Bitcoin is still stuck in a descending trading range as price gradually deteriorates off the March high. Historically, September is the worst month for bitcoin — and other markets too, like U.S. stocks. Bitcoin has been stuck in a range between $50,000 and $70,000 since April and is likely to stay there for another a month at least.

Persons: Bitcoin, bitcoin, Rob Ginsberg, Ginsberg, bitcoin —, they've, Alex Thorn, Thorn, Trump, Harris, John Todaro, — CNBC's Michael Bloom, Nick Wells Organizations: Wolfe Research, bitcoin, Galaxy, U.S, Needham, Federal Locations: U.S, Germany, Gox

☆ Why Slurs Are Back in Left-Leaning, Liberal Language
▼ + stars: | 2024-08-23 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +12 min

A few weeks ago, I started asking left-leaning people their thoughts on slurs being peppered into everyday conversations. An inclusive eraKayla Cash, a 31-year-old PR manager, grew up using words she now considers offensive. Some of the language felt ubiquitous; she remembers the 2004 release of "Let's Get It Started," the Grammy-winning Black Eyed Peas hit that was originally released as "Let's Get Retarded." It was billed as discussions between two "bohemian layabouts" who called out performative aspects of progressive politics — while using language more often associated with the right, such as that offensive term for someone with intellectual disabilities. Looser language and new rulesEveryone I talked to for this story had rules for which words they would and wouldn't say.

Persons: It's, I've, Kayla Cash, Cash, Obama, Ari Lightman, Lightman, Seth MacFarlane, Kevin Hart, Robbie Goodwin, would've, Donald Trump, Goodwin, Reagan, who've, Zach Beauchamp, Ezra Klein, Beauchamp, Joe Rogan, Elon Musk Organizations: University of Idaho, Rosa's Law, Twitter, Carnegie Mellon University, New York Times, Yorker, Vox, Democratic Locations: Vietnam, Brooklyn

☆ Startup using blockchain to prevent copyright theft by AI is valued over $2 billion after fresh funding
▼ + stars: | 2024-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place. The round values the two-year-old company at $2.25 billion, sources familiar with the matter told CNBC. Fighting AI copyright theftStory is now trying to tackle a timely problem with its tech — theft of copyrighted media on the internet by powerful generative AI models like OpenAI's ChatGPT. But the data that goes into fueling these AI models is often from sources where there's copyright restrictions in place.

Persons: Story, Andreessen Horowitz, Polychain, Smart, Story's, Lee, it's, Dolce Organizations: Getty, San, CNBC, Balmain, Gabbana, Brands, New York Times, Microsoft, Times, Big Locations: Francisco

☆ Goldman Sachs jumps into bitcoin ETFs and one hedge fund gets bullish on miners
▼ + stars: | 2024-08-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Goldman Sachs went big in the quarter, while rival Morgan Stanley trimmed its crypto holdings. In the period from March through June, Goldman Sachs made its debut in the crypto ETF market, purchasing $418 million worth of bitcoin funds. Up to this point, wealth management businesses have only facilitated trades if customers requested exposure to the new spot crypto funds. The vast majority of the bank's spot bitcoin holdings are now through the iShares trust. HSBC has nearly $3.6 million worth of spot bitcoin holdings, all from the fund issued by Ark 21Shares, UBS has around $300,000 worth of spot bitcoin ETF holdings, and Bank of America has collective holdings of around $5.3 million, mostly from BlackRock and Fidelity.

Persons: Goldman Sachs, Morgan Stanley, Morgan, JP Morgan, Ark 21Shares Organizations: SEC, Wall, JPMorgan, Securities and Exchange Commission, Fidelity, BlackRock, HSBC, UBS, Bank of America Locations: BlackRock's, Grayscale's, BlackRock

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEther climbs to start the week after crossing $2,600 over the weekend: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, PitchBook's Robert Le breaks down the findings of the research firm's Q2 crypto report, which reveals that crypto startups raised slightly more from VC funding compared to Q1, despite a drop in the total number of deals.

Persons: explainers, PitchBook's Robert Le Organizations: CNBC Crypto, CNBC

☆ Reddit cofounder reveals his best-ever investment — and his biggest flops
▼ + stars: | 2024-08-12 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

Alexis Ohanian said his early investment in Ethereum's pre-token sale is now worth $17.1 million. The Reddit cofounder called it his best-ever investment. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! In a podcast interview with venture capitalist Harry Stebbings, the Reddit cofounder said that he made millions from investing early in Ethereum.

Persons: Alexis Ohanian, Ohanian, —, Harry Stebbings Organizations: Service, Business Locations: Ethereum's, Zenefits, Ethereum

☆ Bitcoin plunged 28%. Institutional investors bought the dip
▼ + stars: | 2024-08-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +3 min

Up to this point, wealth management businesses have only facilitated trades if customers specifically requested exposure to these new spot crypto funds. Of Morgan Stanley's $1.5 trillion in assets under management, the bank disclosed in a May 13F filing that it held around $270 million in spot bitcoin ETFs. The expectation is that other wirehouses and asset managers, who have been on the sidelines performing in-house due diligence on spot crypto ETFs, might feel the pressure to soon follow Morgan Stanley's lead. The spot ether ETFs, which launched less than three weeks ago, have seen relatively tepid flows compared to the blockbuster launch of spot bitcoin ETFs in January. The bitcoin funds collectively hold $54.30 billion in assets under management, versus $7.25 billion across the spot ether funds.

Persons: Morgan Stanley, Morgan, Morgan Stanley's Organizations: BlackRock, Fidelity Locations: bitcoin, Japan, lockstep

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