Bitwise’s acquisition of ETC Group follows Robinhood’s $200mn purchase of crypto exchange Bitstamp in June
Turmoil suggests asset prices might not have been in the right place to begin with
Plus, updates on Marathon Digital, and bitcoin’s rebound
Regional indices follow Wall Street higher with Japan’s benchmark Topix rising 3%
Casinos supported by service that allows mainland visitors to get round China’s strict capital rules
The Fed needs to jack up rates NOW
Industry lobby groups are seeking the lighter touch of the CFTC regulation rather than SEC oversight
The currency’s decline has raised prices and kept borrowing costs high
Bets on US Treasuries and yen put London-based firm among big winners from early August volatility
Actively unwinding the balance sheet could push the economy back into deflation
Plus, updates on Ripple and Trump-related crypto tokens
And why weakening the dollar is a bad idea
Move comes despite rise in inflation and concerns over country’s growth
The yen carry trade is a symptom not a cause of investor anxiety
And copper as a long-term holding
Resurgent Japanese currency forces speculators to shut down years’ worth of bets that could run into billions of dollars
Request comes after global market turmoil pushes currency to record low against the dollar
It’s over. Maybe
Paperwork needs to be checked for signs of digital holdings
Stocks around the world upended by worries about growth, a Big Tech sell-off and the unravelling of a popular yen trade
Tokyo equities jump 9% following Monday’s global rout but US and European recoveries were more muted
Greg Coffey’s hedge fund made hundreds of millions of dollars in recent sell-off
Country’s digital wallet programme will distribute $12.5bn to households, providing valuable lessons on the risks and rewards
S&P 500 finishes trading day down 3% after Japanese market suffers biggest drop since 1987
Harris is best advised to distance herself from the digital currency charlatans
