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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto newsthirst.

Avishek Das | Lightrocket | Getty Images After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin —…

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Zuckerberg sets Meta’s AI targets for the year, expects to spend $60 billion on growth newsthirst.

Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025.  Evelyn Hockstein | Reuters Meta CEO Mark Zuckerberg on Friday announced the company plans to invest around $60 billion to $65 billion in capital expenditures in 2025 as it…

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How China’s new AI model DeepSeek is threatening U.S. dominance newsthirst.

A little-known AI lab out of China has ignited panic throughout Silicon Valley after releasing AI models that can outperform America’s best despite being built more cheaply and with less-powerful chips.  DeepSeek, as the lab is called, unveiled a free, open-source large-language model in late December that it says took only two months and less than $6…

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Novo Nordisk shares pop 10% on early-stage weight loss drug trial results newsthirst.

A view of the logo of Novo Nordisk at the company’s office in Bagsvaerd, on the outskirts of Copenhagen, Denmark, March 8, 2024.  Tom Little | Reuters Shares of Novo Nordisk jumped Friday after the Danish pharmaceutical giant reported positive early-stage results for its once weekly amycretin obesity drug. The trial showed that the treatment,…

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World’s first downside protected bitcoin ETF: Calamos’ new crypto fund newsthirst.

A major exchange-traded fund provider is trying to take the volatility out of bitcoin investing. Calamos Investments launched the Calamos Bitcoin Structured Alt Protection ETF (CBOJ) on Wednesday. The firm brands it as “the world’s first downside protected bitcoin ETF.” It is built with risk-adverse investors in mind. “You can get in all day long….

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