News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
OpenAI Cuts Spending Plan by $800 Billion Amid Stargate Project Failure
OpenAI has slashed its spending plan from $1.4 trillion to $600 billion by 2030, following the failure of its Stargate project, which has not progressed since its announcement.
Sarah Chen2 min - Crypto
Bloomberg Warns of a "Hard Landing" for Gemini Exchange
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, is restructuring amid a market downturn, facing significant challenges and layoffs.
Elena Volkov2 min - Crypto
Bitdeer Explains Its Bitcoin Sale
Bitdeer has sold all its Bitcoin to prepare for new acquisitions, assuring the market that this move is strategic for liquidity and growth.
Elena Volkov2 min - Crypto
Voltage Launches Renewable Credit Line via Lightning Network
Voltage has launched Voltage Credit, a renewable credit line that allows businesses to make instant payments via the Lightning Network, addressing corporate finance challenges.
Elena Volkov3 min - News
Sam Altman Accuses Major Companies of Using AI as an Excuse for Layoffs
Sam Altman claims some companies are using AI as an excuse for layoffs that would have occurred anyway, predicting a growing impact of automation on jobs.
Daniel Kim2 min - News
Consciousness as an Atavism
Peter Watts' novel "Blindsight" explores the idea that intelligence can exist without consciousness, challenging our understanding of AI and human cognition.
James Park6 min - News
Opinion: Nuclear Fusion Could Solve Energy Shortages for AI
OpenStar Technologies has made strides in nuclear fusion, potentially addressing energy shortages for AI, with plans for future prototypes and a focus on sustainable energy.
Elena Volkov5 min - Crypto
Sharpe Ratio Indicates Bitcoin Recovery May Be Near
The Sharpe ratio for Bitcoin has hit a historically low level, suggesting a potential recovery, while major investors return to accumulation after a period of selling.
Daniel Kim3 min - News
The Fear of AI: A Misunderstood Threat
The article explores the misconceptions surrounding AI, highlighting its limitations and the fears propagated by doomsday predictions, while emphasizing the need for a balanced understanding of technology.
Aisha Patel7 min - Crypto
Bearish Pennant Signals Potential Bitcoin Drop to $55,000
Bitcoin faces a potential drop to $55,000 as bearish patterns emerge and whale activity increases, signaling heightened market pressure.
Daniel Kim2 min - News
Hyperliquid Allocates $29 Million to Lobby for DeFi in Washington
Hyperliquid Foundation has launched a new policy center to advocate for DeFi interests in Washington, contributing $29 million in HYPE tokens.
James Park2 min - Crypto
Polygon Surpasses Ethereum in Daily Transaction Fees
Polygon has surpassed Ethereum in daily transaction fees for the first time, driven by increased activity on the Polymarket platform.
Aisha Patel2 min