Illustration: Rebecca Zisser / Axios
Bitwise, which debuted the first private index fund for the top 10 digital tokens last year, is adding three more indices and an API for third parties to access its data. It also will open private funds corresponding to the new indices in the coming months.
Why it matters: Bitwise is part of a wave of companies aiming to make crypto-assets more accessible to mainstream and institutional investors, especially in dealing with market volatility.
The United States' alarming rise in coronavirus cases isn't due to increased testing — particularly not where cases have grown fastest over the last month.
Why it matters: The U.S. doesn't yet know what it looks like when a pandemic rages on relatively unchecked after the health system has become overwhelmed. It may be about to find out.
Illustration: Eniola Odetunde/Axios
Because of the coronavirus and people's buying habits moving online, retail stores are closing everywhere — often for good.
Why it matters: Malls are going belly up. Familiar names like J.C. Penney, Neiman Marcus and J. Crew have filed for bankruptcy. Increasingly, Americans' shopping choices will boil down to a handful of internet Everything Stores and survival-of-the-fittest national chains.
Collins appears on the Build live interview series in November 2019. Photo: Gary Gershoff/Getty Images
The Biden campaign is launching a new initiative today that will draft Hollywood celebrities for Instagram Live chats with campaign officials and other Biden supporters.
Why it matters: The campaign, called #TeamJoeTalks, is an attempt to open up a new front on social media, drawing on celebrities’ Instagram followers to help find and motivate voters while large parts of the country remain locked down.