Mass Affluents Are Saving Less, Betting on an Inheritance That May Never Arrive

Mass affluent Americans are saving less in anticipation of an eventual inheritance, a pattern researchers warn represents a genuinely dangerous gamble given longevity risk and long-term care costs. Meanwhile Americans now say they need $1.2 million to retire, and new DOL rules open 401(k)s to alternative investments. Here’s what it all means.

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Bitcoin Slides as China’s Free Kimi K3 Model Beats Claude and GPT

Bitcoin buckled below $63,000 after China’s free Kimi K3 model beat Claude and GPT in a coding benchmark, triggering a semiconductor selloff that dragged crypto down with it. Combined with Trump widening the Iran conflict and Airbnb CEO Brian Chesky’s hacked X account, here’s what’s driving crypto’s turbulent week.

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New Ransomware Actor Spirals Completes Full Intrusion in Under 24 Hours

A new ransomware actor called Spirals completed a full intrusion in under 24 hours, as US prosecutors unsealed charges against bulletproof hosting providers tied to $62 million in ransomware damages. Combined with Blackfield’s $2 million demand from Nidec and Sinclair Broadcast Group’s ransomware attack, here’s this week’s ransomware roundup.

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