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Industry

SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing

SpaceX’s early inclusion in the Nasdaq 100 led index funds tracking the benchmark to buy the stock automatically, but it is not seen as a structural risk that warrants avoiding index investing, an assessment said. The key issue is how index funds are managed and how stocks enter the index. Burton Malkiel warned SpaceX may be overvalued but said its inclusion is not a reason to shun index funds. Investors are watching governance concerns and changes in free float after lockups expire.

Crypto

Traditional payments industry may embrace bitcoin, ETA CEO says more partnerships likely

The Electronic Transactions Association (ETA) signalled that cooperation between bitcoin companies and traditional payment firms could expand, while saying it does not advocate bitcoin as a specific technology. CEO Jason Oxman said more partnerships could emerge as members recognise bitcoin’s potential, citing BitPay’s admission as ETA’s first virtual asset member. He also pointed to the Bitcoin Foundation’s role in boosting understanding. Oxman urged caution on regulation, including New York’s BitLicense.

AI & Enterprise

Trump blasts New York data centre ban, calls for immediate reversal

U.S. President Donald Trump criticised New York state’s restriction on building large data centres and called for an immediate policy reversal. He said Governor Kathy Hochul’s executive order would hurt jobs and the industrial base. The order blocks new data centres using 50 megawatts or more of power for up to a year. The move comes as AI drives rapid investment while concerns grow over higher utility bills and resource strain.