TNB Tech Minute: Bitcoin Surges Above $85,000
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This episode is brought to you by Hard Lessons, a podcast from Morgan Stanley. Some investing lessons only become clear after you see how a call plays out. On Hard Lessons, iconic investors sit down with Morgan Stanley leaders to go behind the scenes on the critical moments, both successes and setbacks that shaped who they are today. Watch or listen to Hard Lessons wherever you get your podcasts.
Here's your morning TNB Tech Minute for Monday, September twenty first. I'm Anthony Bancy for the Wall Street Journal.
Why did Bitcoin surge above $85,000 and what does it mean for investors?
Bitcoin has surged above eighty five thousand dollars today, hitting an eight month high. The flagship cryptocurrency is continuing its red-hot rebound after an uplift of nearly 6% last week when investors shrugged off two potential hurdles: the failure of the Clarity Act and the Federal Reserve's quarter-point interest rate hike. It's now up by more than 30% since August 19th. Investors are looking to the planned summit between President Trump and Chinese President Xi Jinping on Thursday. Any progress
How might the upcoming Trump‑Xi summit affect risk assets like cryptocurrency?
Made to ease trade tensions between the two could boost sentiment for risk assets like cryptocurrency. Coinbase Global said it's allowing users to request shares of upcoming initial public offerings.
What is Coinbase’s new IPO‑share request feature and who can use it?
The US Crypto Exchange said starting this week, requests can be made in the Coinbase app, which may be filled in full, in part, or rejected, depending on demand. Eligible users can start with Smart RingMaker Aura's IPO this week. Coinbase said its allocation algorithm will prioritize long-term investors.
Why are CNN, MS NOW, and Politico suing the Trump administration over White House press access?
The move is another example of Coinbase's ambition to become an everything exchange. Since last year, the company has been expanding outside of crypto, adding products from stock trading to prediction markets. And CNN, MSNow, and Politico are suing the Trump administration after journalists were denied entry to the White House and excluded from the TV press pool. In a joint statement today, the news outlets said they were filing the suit to protect their First Amendment rights, saying the White House had revoked their journalists' credentials without notice or process because it objected to their reporting. Trump said Friday he was banning reporters from the White House. criticizing their coverage of his administration.
What are the key takeaways from today’s TNB Tech Minute?
He said he intended to bar other outlets from entry in the future. The president's actions mark a further escalation in his clashes with the news media and efforts to limit press access to his administration. And that's your TNB Tech Minute. We'll be back this afternoon with more.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:01–0:33
2
Why did Bitcoin surge above $85,000 and what does it mean for investors?
0:33–1:04
3
How might the upcoming Trump‑Xi summit affect risk assets like cryptocurrency?
1:04–1:15
4
What is Coinbase’s new IPO‑share request feature and who can use it?
1:15–1:34
5
Why are CNN, MS NOW, and Politico suing the Trump administration over White House press access?
1:34–2:14
6
What are the key takeaways from today’s TNB Tech Minute?
2:14–2:30
Speakers
1 identifiedMore from WSJ Tech News Briefing
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