A letter from the deputy Treasury Secretary implored Congress to help “protect against the national security risks created by virtual assets.” It warned that banks can't reliably flag Hamas crypto transactions. https://www.bloomberg.com/news/newsletters/2024-09-06/hamas-crypto-transactions-worry-deputy-treasury-secretary-says-foiad-letter?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Treasury Releases Deputy Secretary’s Letter About Hamas, Crypto

The two-page letter implored lawmakers to help Treasury “protect against the national security risks created by virtual assets” and said officials can’t always rely on financial institutions to flag crypto transactions involving Hamas.

Canadian bank stocks often move in lockstep. Now, as interest rates fall, they're diverging. Read Bay Street Edition, our new weekly newsletter focused on Canada. https://www.bloomberg.com/news/newsletters/2024-09-06/as-canada-s-interest-rates-fall-bank-stocks-diverge-bay-street-edition?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Canadian Bank Stocks Diverge at Turning Point in Rate Cycle

Also, why Canadians are now saving more than Americans.

Why stablecoins are having a moment and why legacy payments infrastructure is unlikely to serve the same needs https://www.bloomberg.com/news/articles/2024-09-06/the-booming-crypto-use-case-that-s-happening-right-now?utm_source=telegram&utm_content=crypto&utm_medium=social

The detention of Telegram founder Pavel Durov is reverberating through the crypto venture capital sector, where some of the biggest players have invested in a digital token closely linked to the messaging app. https://www.bloomberg.com/news/articles/2024-08-29/telegram-black-swan-event-exposes-risk-in-popular-crypto-deals?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Telegram ‘Black Swan Event’ Exposes Risk in Popular Crypto Deals

The detention of Telegram founder Pavel Durov is reverberating through the crypto venture capital sector, where some of the biggest players have invested in a digital token closely linked to the messaging app.

When 50% margins no longer impress, you're Nvidia, says @johnauthers. It seems that AI frenzy may finally have peaked https://www.bloomberg.com/opinion/articles/2024-08-29/nvidia-berkshire-a-tale-of-two-landmarks?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

When 50% Margins No Longer Impress, You’re Nvidia

AI frenzy may have finally peaked, making ever rising profitability unrealistic. Also: Berkshire joins the $1 trillion club.

Nonfungible token marketplace OpenSea said it has received a Wells Notice from the SEC, indicating the US regulator’s intention to sue the company. https://www.bloomberg.com/news/articles/2024-08-28/nft-marketplace-opensea-says-sec-gave-warning-of-enforcement-action?utm_source=telegram&utm_content=crypto&utm_medium=social

Get up to speed on what's moving global markets https://www.bloomberg.com/news/articles/2024-08-21/stock-market-today-dow-s-p-live-updates?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Asian Equities to Rally on Fed’s Dovish Minutes: Markets Wrap

Stocks in Asia were primed for gains Thursday after further signs the Federal Reserve will cut interest rates next month lifted Wall Street.

McDonald’s Instagram account was hacked in an apparent scam involving a cryptocurrency named after Grimace https://www.bloomberg.com/news/articles/2024-08-21/mcdonald-s-instagram-hacked-by-promoters-of-grimace-coin?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

McDonald’s Instagram Account Hacked by Promoters of Grimace Coin

McDonald’s Corp.’s account on Instagram was hacked Wednesday in an apparent scam involving a cryptocurrency named after Grimace.

Home prices are higher. Stocks are higher. And so is the sum Americans think they need to feel rich: Here’s your Evening Briefing https://www.bloomberg.com/news/newsletters/2024-08-21/bloomberg-evening-briefing-why-some-americans-may-no-longer-be-rich?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Why Some Americans May No Longer Be Rich

Get caught up.

The outcome of Ripple's SEC case could help shape the future of other crypto battles, @ChrisDolmetsch writes in the @crypto newsletter https://www.bloomberg.com/news/newsletters/2024-08-13/ripple-s-case-bodes-well-for-other-crypto-companies-battling-sec-xrp?utm_source=telegram&utm_content=crypto&utm_medium=social

Bloomberg.com

Ripple’s Case Bodes Well for Other Crypto Companies Battling SEC

Chris Dolmetsch looks back on the long legal drama surrounding Ripple Labs and XRP.