News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
BitMEX and BitMart Face Shutdown Amid Crypto Trading Decline
BitMEX and BitMart are set to shut down as trading volumes in the crypto market hit a two-year low, signaling challenges for smaller exchanges amid tightening regulations.
Mercation Admin6 min - Macro
Prediction Markets Raise Odds for Fed Rate Hike
Prediction markets are indicating an increased likelihood of a rate hike by the Federal Reserve in July, influenced by inflation and oil prices.
Mercation Admin1 min - News
Judge Halts Minnesota's Prediction Market Ban, Favoring Kalshi and Polymarket
A federal judge has temporarily blocked Minnesota's ban on prediction markets, favoring Kalshi and Polymarket ahead of the law's effective date.
Mercation Admin2 min - News
New York Attorney General Critiques CLARITY Act
New York's Attorney General Letitia James expresses concerns over the CLARITY Act, arguing it could weaken state oversight of the cryptocurrency market.
Mercation Admin1 min - News
Anthropic Opposes Ban on Open-Weight Models
Anthropic's CEO Dario Amodei argues against a ban on open-weight models, advocating for stricter oversight and safety testing instead.
Mercation Admin2 min - News
NFL Urges CFTC to Tighten Regulations on Sports Prediction Markets
The NFL is urging the CFTC to strengthen regulations on sports prediction markets to protect game integrity and prevent manipulation.
Mercation Admin2 min - News
Zimbabwe's SEC Adds Seven Fintech Projects to Sandbox
The SEC of Zimbabwe has introduced seven fintech projects into its regulatory sandbox for supervised testing.
Mercation Admin1 min - Crypto
CME and CFTC Clash Over Onchain Perpetual Futures
The CFTC's approval of crypto perpetual futures sparks a conflict with the CME, which perceives regulatory risks.
Mercation Admin1 min - Banking Policy
Hong Kong's Central Bank Reports Low Quantum Preparedness Among Banks
The HKMA reveals a concerning Quantum Preparedness Index score of 2.3, indicating Hong Kong banks are lagging in readiness for quantum computing risks.
Mercation Admin4 min - Crypto
Bitcoin Bounces Back from Asian Session Lows; Nasdaq Futures Decline
Bitcoin has bounced back from earlier lows in the Asian session, while Nasdaq futures continue to decline amid rising risk aversion in equity markets.
Mercation Admin1 min - News
Hong Kong Regulator Assesses Banks' Readiness for Quantum Threats
The HKMA launched a Quantum Readiness Index, scoring banks at 2.3 out of 10, and highlighted the need for improved quantum threat preparedness in the financial sector.
Mercation Admin1 min - Crypto
Bitcoin Drops 2% as South Korea's Kospi Sinks 10%
Bitcoin saw a 2% drop after the U.S. market closed, coinciding with a sharp 10% plunge in South Korea's Kospi index.
Mercation Admin4 min