News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
Trump Reveals Over $1.2 Billion from Crypto Ventures, Holds $50M in Bitcoin
President Trump has reported earnings exceeding $1.2 billion from cryptocurrency ventures, including over $50 million in Bitcoin.
Mercation Admin2 min - News
Binance and Changpeng Zhao Face $200M Lawsuit from UK Investors
Binance and its CEO Changpeng Zhao are being sued for nearly $200 million in the U.K. by around 1,700 investors over alleged unapproved financial products.
Mercation Admin2 min - Crypto
Phantom Intensifies Focus on Perpetual Futures by Hiring Hyperliquid Developers
Phantom enhances its perpetual futures capabilities by hiring the creators of Ventuals, a project that recently shut down its OpenAI and Anthropic markets.
Mercation Admin3 min - News
Claude Sonnet 5 by Anthropic Approaches Opus 4.8 at Lower Costs
Anthropic's Claude Sonnet 5 has been launched at competitive prices, closely matching the performance of Opus 4.8, while offering developers enhanced flexibility.
Mercation Admin4 min - News
New York Life Investment Management Launches First Tokenized Bond Fund
New York Life Investment Management has launched its first tokenized fund in partnership with Centrifuge, allowing access to a high-yield corporate bond strategy via blockchain.
Mercation Admin2 min - News
Kalshi's Sports Markets Temporarily Prohibited in Michigan
Kalshi's sports prediction markets have been temporarily banned in Michigan for 14 days following a court ruling citing potential harm to young users.
Mercation Admin2 min - News
Ramp Study: Companies Investing in AI are Increasing Employment
A Ramp study reveals that companies investing heavily in AI are actually increasing job opportunities, with notable growth in entry-level hires, countering fears of job losses.
Mercation Admin4 min - Crypto
OpenUSD’s Challenge to Circle: Adoption Hurdles Ahead
The OpenUSD stablecoin consortium, backed by major firms, poses a challenge to Circle, but analysts caution that achieving widespread adoption may prove difficult.
Mercation Admin5 min - News
SEC Considers Changes to ETF Policies, Invites Public Feedback
The SEC is reassessing its policies on novel ETFs, including those linked to cryptocurrencies, and is soliciting public feedback on potential regulatory changes.
Mercation Admin3 min - Crypto
Circle's Stock Declines as Open USD Stablecoin Launches with Major Backers
Circle's stock fell nearly 16% after the launch of Open USD, a new stablecoin backed by over 140 firms including Coinbase and Visa.
Mercation Admin2 min - News
Miles Guo Sentenced to 30 Years for $1 Billion Fraud Scheme
Miles Guo, a Chinese businessman linked to Steve Bannon, has been sentenced to 30 years in prison for his role in a $1 billion fraud involving the H-Coin cryptocurrency scheme.
Mercation Admin3 min - News
Australia to Monitor All Crypto Transactions Starting July 1
Starting July 1, Australia will enforce the Travel Rule, requiring crypto exchanges to gather detailed information on all transactions.
Mercation Admin1 min