Lawmakers are preparing to try again on major crypto bill. Why it matters and what happens next

Key Points

Two Senate committees will hold hearings Thursday to work on their parts of a crypto market structure bill.
The drafts will be merged to create one big bill, which will go to the Senate floor for a vote.
The passage of a framework focused on digital assets is crucial for the crypto industry’s future in the U.S. and could boost token prices.

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Finance

Michael Burry buys the dip in Salesforce and other software stocks after AI-fueled sell-off

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Famed investor Michael Burry is wading back into beaten-down software stocks, betting the recent sell-off was driven more by technical factors than deteriorating business fundamentals. The “Big Short” investor said in a Wednesday Substack post that a “reflexive positive feedback loop” between falling equity prices and stress in bank debt tied to software companies helped […]

Finance

Retail traders pile into Allbirds after odd AI pivot. History shows it won’t end well

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Finance

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