Bitcoin traded steadily as investors balanced recent outflows from U.S. spot ETFs against ongoing corporate interest and the potential for new use cases in artificial intelligence.
Cryptocurrency exchange Bybit reported its Private Wealth Management (PWM) Bitcoin funds generated a 4.9% comprehensive annualized return over the past 60 days, as the firm expands its yield offerings for BTC holders.
Mexico's benchmark stock index closed higher on Friday, gaining 0.59% as strength in industrial and consumer sectors offset losses elsewhere. The Mexican Peso also strengthened against the U.S. dollar and the euro.
Mexico's benchmark stock index, the S&P/BMV IPC, closed up 0.59% on Friday, supported by gains in the industrials and consumer sectors. Financial services firm Gentera was among the day's top performers.
Russia's benchmark stock index, the MOEX, fell 2.13% to its lowest point in three years, driven by significant declines in the mining, energy, and power sectors.
Russia's benchmark MOEX index fell to a three-year low at the close of trade, driven by significant losses in major companies including Polyus and Bank VTB. The ruble also weakened against the U.S. dollar and the euro amid broad market pressure.
The U.S. Securities and Exchange Commission has issued new guidance requiring activist investors to identify their clients in key regulatory filings, a move that increases transparency but challenges the long-standing secrecy of hedge funds.
New York City will require businesses to offer a simple cancellation process for subscriptions and display all-in pricing upfront, with new rules taking effect on October 1. The policy aims to eliminate so-called 'subscription traps' and 'junk fees' for consumers.
Artificial intelligence is improving price discovery and research, but the widespread use of similar models could lead to synchronized trading and greater 'tail risk' in financial markets, according to a new report from Bernstein.
