The world’s second-largest asset manager has opened the door to crypto ETFs. Bitcoin ETFs extend a five-day string of inflows. Investors expect the Fed to slash interest rates next Wednesday. Bitcoin has rallied 10% this week, jumping above $93,000 on Wednesday after Vanguard — the second-largest asset manager seen as Wall Street’s most stubborn holdout...

In brief Bitcoin's 1-3 month holders have swung from a +25% profit in May to a -25% loss in December. A break above $93,321 would liquidate roughly $570 million in leveraged short positions. The 25-delta options skew has risen, showing reduced but persistent demand for downside protection. A sharp reversal in fortunes for Bitcoin’s newest...

Two previously dismissed lawsuits challenging the retail license and social equity provisions were revived, and a new lawsuit recently filed.