News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
OpenAI Proposes $42 Billion Stake for U.S. Government
OpenAI has proposed a 5% stake worth $42.6 billion for the U.S. government, amidst discussions with key officials and a push for similar contributions from other AI firms.
Mercation Admin3 min - News
Russia Set for 'Widespread Use' of Digital Ruble by September, Bank Governor States
Russia's digital ruble is on track for a September 1 launch, but public interest remains low, according to recent reports.
Mercation Admin2 min - News
Opinion: AI Won't Solve the U.S. Debt Problem
AI could reduce the U.S. budget deficit but won't solve fiscal sustainability issues, according to a Brookings Institution report.
Mercation Admin2 min - News
Opinion: Inflation Complicates Market Bet on AI
Rising inflation and yields are making investments in AI companies riskier and complicating the crypto landscape, according to analyst Ivey Wang.
Mercation Admin1 min - Macro
U.S. Job Growth Declined Significantly in June with 57,000 New Positions
U.S. job growth saw a significant decline in June, with only 57,000 positions added, impacting expectations for Federal Reserve interest rate hikes.
Mercation Admin3 min - News
Media: OpenAI Discussed Transferring 5% Stake to the U.S.
OpenAI reportedly discussed transferring a 5% stake to the U.S. government during talks with Trump's administration, potentially linked to a Public Wealth Fund.
Mercation Admin2 min - Crypto
Bitcoin Surges Past $61,000 as Inflation Concerns Ease
Bitcoin has surged to over $61,000 following comments from Fed Chair Kevin Warsh indicating reduced inflation risks, contrasting with a tech stock sell-off.
Mercation Admin3 min - News
OpenAI in Talks to Offer U.S. Government 5% Stake: FT
OpenAI is reportedly contemplating a 5% equity stake for the U.S. government as part of a broader initiative to distribute AI-generated wealth to the public.
Mercation Admin3 min - Crypto
Bitcoin Remains Above $60,000 as Yen Rises Amid Intervention Speculation
Bitcoin remains above $60,000 as the yen rebounds on intervention speculation, following comments from Fed Chair Warsh about easing inflation risks.
Mercation Admin1 min - Crypto
Bitcoin Surpasses $60,000 Amidst Macroeconomic Constraints
Bitcoin has rebounded above $60,000 following comments on U.S. inflation, despite ongoing macroeconomic pressures and ETF outflows.
Mercation Admin2 min - Crypto
Ethereum Institutional Launch Gains Ecosystem Support
The launch of Ethereum Institutional has garnered significant support within the Ethereum ecosystem, highlighting a shift towards institutional adoption.
Mercation Admin4 min - Crypto
Robinhood Unveils AI-Driven Ethereum Layer-2 Network and Tokenized Stocks
Robinhood has launched its AI-native Ethereum layer-2 network, Robinhood Chain, enhancing its offerings with tokenized stocks and expanding its services internationally.
Mercation Admin2 min