Money20/20 USA just finished and there were over 400 speakers across six stages and people joined from over 90 countries to experience the 'state-of-fintech'. This year’s content was led by discussions on open banking, regulation, all-things crypto and capped by appearances by Serena Williams and Derek Jeter.
Here are three main takeaways:
1. Market pivots to b-to-b
Hotter-than-expected August CPI and quarterly options/derivatives expiration made for a toxic mix. “Core” CPI was reported up 0.6% for the month (7% annualized!), double estimates.
One of the biggest questions in the world of exchange traded funds is when the Securities and Exchange Commission (SEC) will approve a spot bitcoin ETF.