Bitcoin Soars After Grayscale Wins Appeal Likely Clinching First Spot Crypto ETF

Bitcoin Rallies, Crypto Assets Surge After Grayscale Wins Suit Over ETF Application

Bitcoin rose Tuesday, extending gains [after a court ruled](https://www.wsj.com/finance/regulation/grayscale-wins-lawsuit-against-sec-over-bitcoin-etf-1b305cfa) that the Securities and Exchange Commission should not have rejected asset manager Grayscale’s spot bitcoin exchange-traded fund application.

26m ago Barrons.com

Grayscale Wins Case Against SEC. It’s a Huge Victory for Bitcoin and Coinbase.

A spot-based Bitcoin ETF is now likely coming. Coinbase and other Bitcoin-related stocks are surging.

44m ago Yahoo Finance

Cryptocurrencies surge after big Grayscale legal win over SEC

A federal appeals court sided with an asset manager that hopes to launch the first bitcoin exchange-traded fund, a major victory for the cryptocurrency industry.

23m ago CoinDesk

First Mover Americas: Is Bitcoin Close to Breaking Out of Its Current Range?

The latest price moves in bitcoin (BTC) and crypto markets in context for August 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

4h ago The Wall Street Journal

Grayscale’s Court Win Over SEC Lifts Hopes for Bitcoin ETF Approval

A federal judge ruled that the Securities and Exchange Commission must reconsider the crypto asset manager’s application to launch the first bitcoin exchange-traded fund.

4m ago Investor’s Business Daily

Bitcoin, Crypto Prices Soar As Court Backs Grayscale ETF

Bitcoin price, cryptos spiked Tuesday after a U.S. District Court ruled in favor of Grayscale Investments and its bitcoin ETF application.

45m ago Investopedia

Selling Your House Now Will Likely Double Your Mortgage Interest Rate

With home prices hitting record highs, you’d think more people would be putting their houses up for sale—but most people with 30-year fixed-rate mortgages got them at a time when mortgage rates were much lower.

2h ago Barrons.com

U.S. Steel Updates Sale Process. Who Is Bidding Isn’t Clear.

Investors don’t know the fate of the famous American manufacturer. Something big is likely to happen though.

19m ago Benzinga

Cost-Of-Living Crisis Over? Renowned Strategist Tom Lee Says Inflation Is On A Straight Line To Sub-2% By The Middle Of Next Year — Here’s What He Likes Right Now

Inflation has been a big concern for both the Federal Reserve and investors. But according to Tom Lee, co-founder and head of research at Fundstrat Global Advisors, this concern will soon diminish. “I think inflation is on a glide path towards sub three, sub two by the middle of next year,” Lee said on CNBC recently. In July, the consumer price index (CPI) rose 3.2% from a year ago. Core CPI, which excludes food and energy, showed a 12-month increase of 4.7%. Both metrics increased by 0.2% month

1d ago Barrons.com

Quiet Shifts in Corporate Debt May Explain This Year’s Big Economic Surprise

The Federal Reserve was expected to crush corporate profits and trigger a recession. Stephen Dover explains why that didn’t happen.

1h ago Barrons.com

These Stocks Are Moving the Most Today: Coinbase, AT&T, E.l.f. Beauty, 3M, Big Lots, Best Buy, NIO, and More

Coinbase stock surges after a favorable court ruling for cryptos, AT&T and Verizon stocks are upgraded, E.l.f. Beauty buys skincare brand Naturium, 3M agrees to pay a $6 billion earplugs settlement, and Best Buy’s earnings and revenue beat Wall Street expectations.

5m ago

CoinDesk

BlackRock’s Spot Bitcoin ETF Is the ‘Only One That Matters’: Arca CIO

Bitcoin (BTC) remains little-changed at roughly $26,000 as the crypto markets appear to be settling into another trading lull. Arca Chief Investment Officer Jeff Dorman discusses his crypto markets analysis and outlook. Plus, his take on the potential impact of a U.S. spot bitcoin ETF approval on the industry.

3h ago

Investor’s Business Daily

7 High-Dividend Stocks Are More Trouble Than They’re Worth

What good is an S&P 500’s company’s plump dividend if its stock price collapses? Not much. Seven S&P 500 stocks with juicy 5.5% dividend yields or higher, including consumer staple Walgreens Boots Alliance, Crown Castle and Verizon, dropped so much this year they already erased their annual dividends, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

6h ago Barrons.com

AT&T and Verizon Dividends Have Raised Concern. Why Citi Thinks They’re Safe.

Citi’s Michael Rollins raised Verizon and AT&T to Buy from Neutral but kept a High Risk rating on both stocks, as investors wait for more news on lead-sheathed cable exposure.

3h ago AP Finance

The 122-year-old US Steel is reviewing “numerous” buyout offers

After receiving two buyout offers in the past month, U.S. Steel Tuesday that it is in the process of reviewing multiple offers for the storied company and symbol of American industrialization. U.S. Steel rejected a $7.3 billion buyout proposal from rival Cleveland-Cliffs two weeks ago, and that offer was followed by $7.8 billion bid from the industrial conglomerate Esmark. In a letter to shareholders Tuesday, U.S. Steel said it had entered into confidentiality agreements with “numerous” third parties and was beginning to share due diligence information with potential buyers.

43m ago Barrons.com

5 Energy Stocks With Juicy Dividends

The largest dividend-payers in the energy sector of the S&P 1500 include oil and gas producers and pipeline companies.

12h ago Business Insider

These financial market signals are telling a different story about China’s economy

“The curious thing, though, is that such doom and gloom is not reflected in what the market is signaling,” Gavekal’s Louis-Vincent Gave wrote.

13h ago The Wall Street Journal

Stocks to Watch Tuesday: Hawaiian Electric, VinFast, Best Buy, NIO

↘️ [**Hawaiian Electric Industries (HE)**](https://www.wsj.com/market-data/quotes/HE): The utility company’s stock fell around 6% in early trading after a big jump in the previous session. A unit of Hawaiian Electric [denied Monday](https://www.

2h ago