Thursday, August 20
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Personal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified statusPersonal Finance When driving across town for cheaper gas actually pays offTech OpenAI counters Anthropic with a no-retention approach to AI safety monitoringEconomy Trump pauses 50% tariffs as the US and Canada close in on a trade dealCompanies SpaceX sought to buy AI coding startup Cognition, Bloomberg reports; its CEO says noTech OpenAI slows some frontier AI work after a model nears a critical cyber thresholdCrypto Bitcoin tops $69,000, wiping out roughly $1.7 billion in short betsMarkets Gold jumps to its highest since early June as the Treasury doubles bond buybacksPersonal Finance Treasury moves to deny refundable tax credits to immigrants without qualified status

Topic: sec

A physical Casascius bitcoin token
Crypto
Wednesday, 8/19, 10:24 PM

Bitcoin tops $69,000, wiping out roughly $1.7 billion in short bets

  • Bitcoin climbed above $69,000 on Wednesday for the first time in two months, up more than 5% in 24 hours, after the US Treasury expanded its bond buybacks and the SEC proposed a fundraising framework for crypto assets.
  • The move forced the closure of roughly $1.7 billion in bearish derivative positions, according to CoinGlass data.
The entrance of the New York Stock Exchange
Markets 53 d

Scandal-Hit Wamco's Bond Funds Trade at Steep Discounts. What That Means.

  • Closed-end bond funds run by Western Asset Management are trading well below the value of the bonds they hold, the fallout from a fraud scandal that cost the firm its star manager and roughly $130 billion in assets.
  • Some analysts call the gap an opportunity; it is also a warning label.

sec — news and stories on this topic

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