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Stablecoins transfer over $400 million per hour, with 73% occurring outside U.S. banking hours, according to Coinbase and The Block.
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Bessent Tells Wall Street: No Systemic Risks in AI
U.S. Treasury Secretary Bessent stated at a closed-door Wall Street meeting, with tickets starting at $7,500 and closed to the media, that he sees no "systemic issues" in AI, dismissing bubble theories by saying "this is not Pets.com" and claiming that the "smartest people in the world" are betting ...
Important News from Last Night and This Morning (October 21-22)
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The three major indexes closed higher on October 21, led by the Nasdaq. SpaceX beat earnings expectations and disclosed AI-business revenue; merger discussions with Tesla also helped lift AI and crypto-related stocks. Bitcoin traded near $84,000 and Ethereum near $2,470. LIT led majors on compliance-license expectations. On October 22, investors will watch Procter & Gamble, Southern Copper and Union Pacific before the open, followed by Western Digital and Newmont after the close.
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