News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
FBI Director Kash Patel Fails to Disclose Significant MSTR Investment
FBI Director Kash Patel did not report a six-figure MSTR stock purchase within the required timeframe, citing miscommunication as the cause of the delay.
Mercation Admin3 min - Crypto
Bitcoin Surpasses $60,000 After Warsh's Inflation Remarks Boost Market
Bitcoin has risen above $60,000 for the first time in over a week, spurred by comments from Fed Chair Kevin Warsh about easing inflation risks. Solana also saw significant gains.
Mercation Admin4 min - News
Venice AI Achieves $1 Billion Valuation as Erik Voorhees Advocates for Private Chatbot Alternatives
Venice AI has achieved a $1 billion valuation after raising $65 million, with founder Erik Voorhees emphasizing the importance of privacy over AI surveillance.
Mercation Admin2 min - News
Meituan Launches LongCat-2.0 AI Model, Surpassing Competitors
Meituan has officially launched LongCat-2.0, an AI model with 1.6 trillion parameters, outperforming competitors in various benchmarks.
Mercation Admin5 min - News
UN's AI Safety Panel Warns of Potential Catastrophic Risks
The UN's AI Safety Panel warns that current AI technology may pose catastrophic risks, as highlighted in their preliminary report released on July 5.
Mercation Admin3 min - Crypto
American Bitcoin Corp. Set for Reverse Stock Split Amid Price Drop
American Bitcoin Corp. will implement a 1-for-15 reverse stock split on July 2 to boost its share price amid a significant drop in stock value.
Mercation Admin2 min - News
BitMine, SharpLink, and Joe Lubin Launch Nonprofit to Boost Ethereum on Wall Street
Ethereum Institutional, a new nonprofit, aims to help Wall Street firms adopt Ethereum infrastructure, backed by Joe Lubin and treasury firms BitMine and SharpLink.
Mercation Admin2 min - News
Analysts Consider CRCL Sell-Off Excessive as Circle CEO Discusses Open USD Risks
Circle's CRCL shares plunged 18% following the news of a new stablecoin launch, but analysts believe the sell-off was excessive and the company remains strong.
Mercation Admin2 min - Crypto
Bitcoin Surges to $60K After Hitting 21-Month Low as Economic Data Eases Rate Concerns
Bitcoin rebounded to $60,000 after hitting a 21-month low, buoyed by soft U.S. economic data and Fed Chair comments that eased rate hike concerns.
Mercation Admin2 min - News
Securitize's Brett Redfearn: DeFi Could Disrupt Stock Lending Ahead of NYSE Listing
Brett Redfearn from Securitize argues tokenization could revolutionize stock lending, enhancing benefits for retail investors as the firm prepares for its NYSE debut.
Mercation Admin2 min - News
Claude Fable 5 Set for Global Return Following US Export Control Lift
Claude Fable 5 will be back online globally on Wednesday, following the U.S. lifting export controls that had previously taken the model offline.
Mercation Admin3 min - Crypto
Bitcoin Approaches $60,000 as Fed Chair Warsh Comments on Inflation Risks
Bitcoin's value nears $60,000 following comments from Fed Chair Kevin Warsh, who noted a decrease in inflation risks and emphasized the Fed's commitment to its 2% target.
Mercation Admin4 min