Roula Khalaf, Editor of the FT, curates her top stories in the free Unlock the Editor’s Digest, featuring Sinn Féin’s lead in Ireland’s general election, surpassing Fine Gael and Fianna Fáil; despite this, forming a government may prove challenging due to their refusal to work with Sinn Féin. The unexpected outcome has prompted speculation about potential coalition partners among smaller parties, with vote counting underway to determine the final outcome and shape of the new government in Ireland.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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