News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
CFTC Intervenes to Prevent Kalshi from Cancelling Trades Ordered by Michigan Court
The U.S. CFTC has intervened to stop Kalshi from cancelling trades following a court order from Michigan, asserting its regulatory authority over prediction markets.
Mercation Admin4 min - News
DeepMind's Demis Hassabis Claims AGI Will Surpass Electricity and Fire
DeepMind's CEO, Demis Hassabis, forecasts that AGI will emerge within a few years, likening its significance to electricity and fire, while calling for regulatory oversight.
Mercation Admin3 min - Crypto
Opposition Grows Among Senate Democrats Against Clarity Act
Three Senate Democrats have publicly opposed the Clarity Act, denouncing it as a corrupt initiative that fails to address President Trump's financial ties to cryptocurrency.
Mercation Admin4 min - Crypto
Binance aims to transform into a crypto 'super app' as stablecoins drive growth
Binance is shifting its focus towards becoming a payments-oriented 'super app', emphasizing financial services over trading, with stablecoins playing a crucial role in this transition.
Mercation Admin4 min - News
The Clarity Act is not a means for sanctions evasion
Ari Redbord argues that the Clarity Act is structured to effectively combat sanctions evasion rather than facilitate it, countering criticism from Senator Elizabeth Warren.
Mercation Admin5 min - Crypto
Three Mining Companies Reduced Bitcoin Production in June
CleanSpark, BitFuFu, and Canaan reported declines in Bitcoin production for June, despite lower mining difficulty. CleanSpark also signed a significant lease agreement worth $6.6 billion.
Mercation Admin2 min - News
AI to Be Used in New 'Lord of the Rings' Film
The upcoming film 'The Lord of the Rings: Gollum's Hunt' will incorporate AI for digital de-aging characters, blending traditional filming techniques with modern technology.
Mercation Admin1 min - News
Mizuho Lowers Circle's Rating to Underperform, Adjusts Price Target to $50 Amid Open USD Concerns
Mizuho has downgraded Circle to underperform and reduced its price target to $50, citing competitive threats from OpenUSD affecting Circle's margins.
Mercation Admin4 min - Crypto
Impact of Wikipedia Blackout on AI Understanding of Crypto
A Chainstory report highlights how Wikipedia's outdated guidelines may limit AI tools like ChatGPT in understanding the cryptocurrency landscape due to a lack of entries.
Mercation Admin4 min - News
U.S. and U.K. Collaborate to Harmonize Tokenized Finance Regulations
The U.S. and U.K. have issued a 10-point plan to streamline regulations for tokenized finance, enhancing cooperation between their financial markets.
Mercation Admin3 min - Crypto
JPMorgan Lowers Forecasts for Circle and Coinbase Due to Hyperliquid
JPMorgan has downgraded its profit forecasts for Circle and Coinbase due to their new partnership with Hyperliquid, which poses risks for the USDC stablecoin.
Mercation Admin2 min - Crypto
Bitcoin Surpasses $64K Amid Significant Inflation Decline
Bitcoin rose above $64,000 as U.S. inflation showed a significant drop, influencing market expectations for Federal Reserve interest rates.
Mercation Admin2 min