Apple Turns to Alibaba to Help Build AI Model for China
Apple is pairing its in-house model with Alibaba’s Qwen as it prepares to bring Apple Intelligence to Chinese iPhones. Source: decrypt.co Read Full Story
Bitcoin
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Gen Z favors ETFs and trades less than older cohorts: Binance
Binance data showed Gen Z allocating a growing share of equity activity to ETFs while trading less frequently and using less leverage than older working-age cohorts. Source: cointelegraph.com Read Full Story
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Berkshire Hathaway boosts Alphabet to a top three holding, ups Delta and housing bets
Berkshire owned about 106 million shares in the parent of Google, worth $37.9 billion at the end of June, according to a regulatory filing released Friday. Source: www.cnbc.com Read Full Story
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France Tax Data Leak Could Fuel Scams, Attacks Targeting Bitcoin Holders
A hacker is reportedly selling personal and financial records tied to more than 678,000 taxpayers and businesses in France. Source: decrypt.co Read Full Story
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Morgan Stanley’s Bitcoin ETF drew $371 million of share contributions while Bitcoin erased $66.8 million
Morgan Stanley Bitcoin Trust (MSBT) recorded a $66.8 million decrease in net assets from operations during its first 85 days, even as the exchange-traded fund brought in $371.1 million of gross share contributions against $5.26 million of redemption distributions. The trust’s first quarterly filing shows creations dominated redemptions while Bitcoin fell. Redemption distributions equaled 1.42%…
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U.S. SEC to again delay ‘innovation exemption’ for tokenization amid Wall Street, White House concerns
The SEC was ready to release at least some part of the innovation exemption alongside its now-canceled open meeting for “Reg Crypto” on Friday. Source: www.coindesk.com Read Full Story
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Novo Nordisk CEO Concedes Eli Lilly’s Market-Share Gains as Stock Slumps
Novo Nordisk’s stock keeps falling even when the news is good, and CEO Mike Doustdar just admitted why. Eli Lilly is beating Novo at its own game. Doustdar sat down with CNBC’s Jim Cramer this week to explain the disconnect. Novo, famous for its GLP-1 medication Ozempic, raised its full-year sales guidance on August 4,…
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EVs dominate China’s car market: 5 takeaways from the country’s latest auto sales data
The China Passenger Car Association released data Tuesday showing penetration of new energy vehicles rose in July. Tesla’s Model Y remained popular. Source: www.cnbc.com Read Full Story
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Another OpenAI Exec Quits in Leadership Shake-Up as AI Giant Eyes IPO
The former operating chief is starting a new venture following several departures across the ChatGPT developer’s leadership and safety teams. Source: decrypt.co Read Full Story
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BTCPay Backers Offer Bitcoin Bounty After Wallet Exploit
The reward aims to recover Bitcoin stolen after attackers gained access to connected LND wallets. Source: decrypt.co Read Full Story
