News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
ILO Assesses AI's Impact on Workers in ASEAN Countries
The ILO reports that nearly 80 million workers in ASEAN are at risk of AI exposure, but mass job displacement is not yet evident.
Mercation Admin2 min - Stocks
Benchmark Raises Hut 8 Price Target to $165 Amid AI Transition
Benchmark has increased its price target for Hut 8 to $165, driven by the potential of the Beacon Point AI data center project.
Mercation Admin4 min - Macro
U.S. June CPI Declines 0.4%, Likely Reducing Fed Rate Hike Expectations
The U.S. June Consumer Price Index dropped by 0.4%, which is expected to ease the Federal Reserve's inclination to raise interest rates at the upcoming meeting.
Mercation Admin3 min - News
Saylor's Cash Strategy: $467M Raised, No Bitcoin Purchases
Saylor's firm raised $467M by selling MSTR shares, opting to hold cash instead of purchasing Bitcoin for the third consecutive week.
Mercation Admin6 min - News
South Korea to Pilot Tokenized Government Bonds in 2027
South Korea plans to pilot tokenized government bonds in 2027, linking them to a wholesale CBDC for banks, as part of its economic strategy.
Mercation Admin2 min - News
ECB selects Deutsche Bank, Revolut among firms for digital euro trial
The ECB has chosen 36 firms, including Deutsche Bank and Revolut, to participate in a digital euro pilot set to launch in 2027, aiming for potential issuance by 2029.
Mercation Admin3 min - Crypto
JCB Partners with Circle to Introduce Stablecoins for 40 Million Merchants
Japan's JCB collaborates with Circle to implement USDC stablecoin payments for 40 million merchants, enhancing cross-border transactions and efficiency.
Mercation Admin4 min - News
Anthropic Accidentally Billed Free User $16.6 Million
Anthropic mistakenly billed a free user $16.6 million, leading to confusion and a series of support inquiries before the company confirmed the error.
Mercation Admin2 min - News
New York Governor Imposes Moratorium on Large Data Center Construction
New York Governor Kathy Hochul has signed an executive order imposing a one-year moratorium on large data center construction to assess environmental impacts.
Mercation Admin2 min - Crypto
Bitcoin and Stocks Decline Amid U.S.-Iran Tensions and Rising Oil Prices
Bitcoin has dropped to $62,600 as traders exit riskier assets amid rising oil prices and ongoing U.S.-Iran tensions, which have prompted a decline in stock indices as well.
Mercation Admin4 min - News
Quantum Computers to Aid in Gas Turbine Design
Quantinuum and Rolls-Royce have initiated a project to explore hybrid quantum-classical computing for gas turbine design, aiming to leverage future quantum capabilities.
Mercation Admin1 min - News
U.S. Government Transfers $288 Million in Seized Crypto to Coinbase Prime
The U.S. government has transferred $288 million in seized Bitcoin and Ethereum to Coinbase Prime, sparking speculation about a potential sale.
Mercation Admin3 min