News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
Bitcoin Surges Past $78,000 Following Strait of Hormuz Reopening
Bitcoin has surged past $78,000 for the first time since February, driven by the reopening of the Strait of Hormuz and positive market sentiment.
Marcus Reid4 min - News
Drift Protocol Investors File Class Action Against Circle
Investors of Drift Protocol have filed a class action lawsuit against Circle, alleging negligence and complicity in a hack that resulted in a loss of $230 million.
Aisha Patel2 min - News
Google in Talks with Pentagon for Gemini Integration
Google is negotiating with the Pentagon to integrate its Gemini AI system into military operations, despite employee opposition and ethical concerns.
Marcus Reid4 min - Crypto
Analysts Warn of Short-Squeeze Risks in the Cryptocurrency Market
Analysts caution that Bitcoin's rise above $75,000 could trigger a short squeeze, as traders remain skeptical and short positions increase.
Daniel Kim2 min - Crypto
Adam Back Questions Satoshi's Billion-Dollar Wealth and Key Loss
Adam Back suggests that Satoshi Nakamoto may have lost access to his bitcoins due to lost keys, rather than deliberate inactivity, during a talk at Blockchain Paris Week.
James Park2 min - News
WLFI Holders Threaten Trump Sons' Project with Class Action
WLFI investors are threatening legal action against the project after a controversial proposal to extend the vesting period, which they claim is fraudulent.
Daniel Kim2 min - Crypto
Only One in 150 Crypto Projects Disclosed Agreements with Market Makers
A recent study reveals that only one out of 150 major crypto projects has disclosed its agreements with market makers, highlighting a significant transparency issue in the industry.
Marcus Reid2 min - Crypto
Bitdeer Surpasses MARA in Bitcoin Mining Capacity
Bitdeer has significantly increased its Bitcoin mining capacity, surpassing MARA, with a 504% year-over-year growth in hashrate.
Daniel Kim2 min - News
Snap to Lay Off 1,000 Employees, Embracing AI to Save $500 Million
Snap is laying off 1,000 employees, about 16% of its workforce, as part of a cost-cutting plan to save $500 million, while enhancing efficiency through AI technology.
Daniel Kim2 min - Crypto
CryptoQuant Analysts Warn of Profit-Taking Risks in Bitcoin
CryptoQuant analysts warn of increasing profit-taking risks as Bitcoin approaches key resistance levels, indicating potential selling pressure from large holders.
James Park3 min - News
Criticism Instead of Partnership: Journalists Investigate Polymarket and Kalshi
More Perfect Union's investigation reveals concerns about Polymarket and Kalshi's prediction markets, highlighting issues like insider trading and profit distribution.
Elena Volkov2 min - News
Stanford Highlights Rapid AI Development
Stanford researchers reveal that AI is rapidly approaching human performance in computer tasks, with significant advancements in technology adoption and investment.
Sarah Chen2 min