Welcome to our institutional newsletter, Crypto Long & Short. This week: To win over big investors, DeFi builders must act like accountable money managers, not just software developers, writes Ben Nadareski. Bitcoin holders can survive crashes and protect their assets by earning income through reinsurance, says Stephen Stonberg. Top headlines institutions should pay attention to…
The government on Wednesday summoned US diplomat after a vessel with several Indian onboard was attacked. Additional secretary (Americas) in the ministry of external affairs Nagaraj Naidu summoned Jason Meeks, Chargé d’Affaires of the United States to protest the attack on the ship. The move comes as India condemned the attack on the commercial vessel…
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North Carolina state Treasurer Brad Briner said the year’s hottest IPO is too expensive for his pension fund to own. Briner, who oversees roughly $200 billion for North Carolina’s teachers, firefighters and police officers, said the state has invested heavily in artificial intelligence startups OpenAI and Anthropic while avoiding a direct stake in SpaceX —…
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The ministry of external affairs on Wednesday condemned the attack on the commercial vessel Settebello off the coast of Oman and said efforts were underway to trace three missing Indian crew members.The ministry said 21 of the 24 Indian nationals on board had been rescued, while the Indian Embassy in Muscat was coordinating with Omani…
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Wall Street’s major indexes traded mixed to lower on Wednesday as investors grappled with a continued selloff in technology stocks, rising geopolitical tensions in the Middle East, and expectations that the Federal Reserve could keep interest rates elevated for longer.The S&P 500 was nearly flat after recovering from an early decline, while the Dow Jones…
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