Six Bitwise option-income ETFs (ICOI, IMRA, IMST, IGME, ICRC, IETH) ceased trading on July 31, with shareholders holding shares as of August 3 facing automatic cash redemption at the fund's net asset value. The Bitwise Funds Trust board voted on June 30 to liquidate the funds, with final NAV calculation expected August 7 and proceeds around August 10.
The US government sold $44 billion in seven-year debt at a 4.473% yield, significantly higher than June's auction, creating a higher investment hurdle for Bitcoin. The Federal Reserve's subsequent decision to hold rates, despite a divided vote, offered little relief, as investors demand substantial returns on government debt.
Drought and extreme heat in the UK are severely impacting crops like lettuce, broccoli, peas, and carrots, leading to halved yields, significant price increases, and increased reliance on imports from Spain and Holland. Supermarkets warn of threats to Britain's food security.
Allspring Global Investments' Noah Wise recommends investors shift focus to short-term Treasurys, U.S. credit, and Latin American emerging markets for attractive yields, citing the monetary policy backdrop and strong macro fundamentals, with his strategy unchanged by the Fed's recent decision.
US government borrowing costs reached 2007 levels after the Federal Reserve held interest rates steady, fueling investor fears about inflation and the economy's ability to absorb rising prices, with 30-year Treasury yields hitting a 19-year high and stocks falling sharply.
US Treasury yields surge to 2007 highs, attributed to inflation fears due to energy prices, yet TIPS data suggests real yields, not inflation expectations, are rising, potentially impacting crypto attractiveness.
Chinese tech giants are facing increasing market scrutiny to prove that their substantial artificial intelligence investments will generate sustainable profits, mirroring the pressure felt by US tech firms like Meta and Alphabet over their AI spending.
Chinese farms in Shandong province are reporting ultra-high agricultural yields of 3,000 jin per mu through annual two-crop rotations. This achievement echoes the exaggerated claims made during the 1958 Great Leap Forward, which historically led to a devastating famine.
An options trading strategy involves selling a Microsoft strangle post-earnings, targeting a 1.6% yield in 21 days (28% annualized). It leverages implied volatility crush and time decay, with defined downside support at $412.50 and upside resistance at $485, offering acceptable assignment scenarios.
X expands its financial service, X Money, beyond top-tier subscribers, allowing users to manage deposits, payments, and bills within the app, with FDIC-insured deposits at Cross River Bank earning up to 6% APY, positioning it against Venmo, Cash App, and SoFi.
Excavation of a giant stone jar in Laos reveals it was a communal burial site for at least 37 individuals, spanning multiple generations, shedding new light on the mysterious jars' purpose.
U.S. Treasury yields slid on Friday, with the 10-year note dropping over 2 basis points, as oil prices declined following reports of Pakistan exploring U.S.-Iran peace talks. This occurred amidst President Trump's consideration of a "massive attack" on Iran.
India's stand-in bowling coach Sunil Joshi lauded Vaibhav Sooryavanshi for his record-breaking T20I fifty against Zimbabwe, emphasizing focus on his batting while planning gradual bowling development. Joshi also urged patience with emerging all-rounder Suryansh Shedge and praised Ravi Bishnoi's effective run-up adjustment.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
Brent crude surpassed $100 a barrel after Houthi attacks on Saudi oil tankers, escalating Middle East tensions and prompting a US warning to Iran. This fueled inflation fears, driving Treasury yields higher and causing a market sell-off, while tech stocks experienced volatility due to AI spending plans and regulatory fines.
SEC Commissioner Hester Peirce warned that some crypto vaults and onchain lending strategies could be subject to federal securities laws, depending on their structure and management. Her statement comes as major firms like Coinbase and Bitwise expand into this rapidly growing market, prompting a re-evaluation of regulatory boundaries.
Goldman Sachs CEO David Solomon supports the Clarity Act, a crypto market-structure bill, despite opposition from much of the banking sector, particularly regarding stablecoin yield provisions. The bill aims to legalize most crypto activity in the US and classify many assets as non-securities, potentially drawing more institutional players.
U.S. Treasury yields, including the 10-year note, advanced significantly as Brent crude surpassed $100/barrel due to Middle East tensions, fueling inflation fears. This, coupled with weekly jobless claims falling below 200,000, increased expectations for a Federal Reserve interest rate hike.
U.S. Treasury yields advanced on Thursday, with the 10-year note reaching 4.707%, driven by Brent crude oil climbing above $100 a barrel due to Middle East tensions and weekly jobless claims falling below 200,000, signaling inflation fears and a potentially heating economy.
New data from the Metropolitan Police shows a significant drop in neighbourhood crime and homicides in London, with the Mayor attributing success to record police funding and the Violence Reduction Unit. The report aims to counter online disinformation portraying London as a "lawless" city.
Hanna Notte, director at the James Martin Center, stated in The New York Times that Russia will not abandon its position in the Ukraine conflict, attributing this to failed isolation attempts by the West and significant support from non-Western nations.
Scientists are exploring enhanced rock weathering (ERW), a method of spreading finely crushed volcanic rock on farmland to remove atmospheric carbon dioxide. This technique accelerates a natural geological process, potentially improving soil health and crop productivity while utilizing existing agricultural equipment, but requires careful monitoring and verification.
U.S. Treasury yields increased across the curve due to escalating Middle East tensions, though reports of ceasefire proposals tempered oil prices. Investors are monitoring energy prices, developments in the Iran conflict, and an upcoming U.S. PMI report.
U.S. Treasury yields increased across the curve on Tuesday, driven by escalating Middle East tensions. Reports of ceasefire mediation efforts tempered oil prices, but strategists warn government bonds remain vulnerable to energy price shifts and developments in the Iran conflict.
