News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
Thai Crypto Billionaire's Escape, FBI Tokens, and Cybersecurity Events
This week’s cybersecurity highlights include a Thai crypto billionaire's fraud case, arrests in Kyiv, and FBI actions against hackers.
Aisha Patel4 min - News
Kalshi Raises $1 Billion, Surpassing Polymarket in Valuation
Kalshi has raised over $1 billion, increasing its valuation to $22 billion and surpassing Polymarket, which is also seeking to boost its market value.
Daniel Kim1 min - News
The Right to Be Offline
A movement advocating for the rejection of digital identifiers and AI assistants is gaining traction, prioritizing privacy over convenience.
Daniel Kim6 min - News
US Uncovers $2.5 Billion AI Chip Smuggling Scheme to China
US authorities have arrested a co-founder of Super Micro Computer for allegedly smuggling $2.5 billion worth of AI chips to China, revealing a complex scheme involving multiple defendants.
Daniel Kim2 min - News
Shareholders Accuse Winklevoss Twins of Concealing Gemini's Strategy Shift
Shareholders have filed a class-action lawsuit against Gemini, alleging the Winklevoss twins misled investors about the company's strategy during and after its IPO.
Aisha Patel2 min - News
SEC Approves Nasdaq to Launch Trading of Tokenized Stocks
The SEC has approved Nasdaq's plan to trade tokenized stocks, marking a significant step towards integrating blockchain technology with traditional finance.
Marcus Reid1 min - News
BIS: Retail Investors Bought $70 Billion in Gold ETFs in Six Months
Retail investors have purchased $70 billion in gold ETFs over the past six months, while institutional investors have sold $1 billion, according to BIS data.
Daniel Kim1 min - News
Crypto.com and Algorand Announce Workforce Reductions Amid AI Push and Market Decline
Algorand Foundation and Crypto.com announce significant workforce reductions due to market conditions and AI integration efforts.
James Park2 min - Crypto
Bitcoin Drops Below $70,000
Bitcoin's price has dipped below $70,000, with significant altcoin declines and unusual retail activity noted in the market.
James Park1 min - Crypto
Analysts Highlight Decline of L2 Networks in Ethereum
Analysts report a decline in Ethereum's Layer 2 solutions, with 21 projects closing in the past 10 months, despite new launches and a rise in dapp activity.
Elena Volkov1 min - Crypto
Whale Sells Bitcoin Purchased 13 Years Ago for $72 Million
An early Bitcoin investor sold 1,000 BTC for $72 million, while another whale bought $111 million in Ethereum after a long inactivity.
James Park2 min - News
SEC Excludes Stablecoins from Securities and Announces 'Safe Harbor'
The SEC has excluded stablecoins from securities classification and introduced a new regulatory framework, while Tally, a DAO management platform, has shut down due to changing regulations.
Aisha Patel2 min