News
Editorial-quality coverage of global financial markets, policy, and macro trends.
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Ukrainian Authorities Dismantle Crypto Fraud Operation Raking in $1M Monthly
Ukrainian authorities have dismantled a fraudulent investment network that stole cryptocurrency from victims in over 20 countries, with losses reaching up to $1 million monthly.
Mercation Admin2 min - News
Michigan Court Halts Kalshi Sports Betting, Imposes $500K Daily Fine
A Michigan judge has issued an injunction against Kalshi, banning its sports betting operations in the state and imposing a $500,000 daily fine for non-compliance.
Mercation Admin2 min - News
Hyperscale Data Transforms Bitcoin Mining Farm into AI Data Center
Hyperscale Data has ceased Bitcoin mining in Michigan to convert the site into an AI data center, potentially generating over $3 billion in revenue.
Mercation Admin1 min - Stocks
Farmmi Shares Surge 300% Amid JINQIAN Meme Coin Craze
Farmmi's shares skyrocketed over 300% amid excitement for the JINQIAN meme coin, but most gains were lost by the end of trading.
Mercation Admin3 min - News
AI Researchers Warn About Astra's Reduced Observability Risks
AI researchers have raised alarms about the monitoring challenges posed by OpenAI's Astra model, citing its use of 'recurrent depth' that may reduce transparency.
Mercation Admin3 min - Crypto
Traders Identify Bearish Pattern in Bitcoin Chart
Traders have spotted a bearish "Bart Simpson" pattern in Bitcoin's chart, prompting analysis on potential price corrections and market dynamics.
Mercation Admin2 min - News
CFTC Seeks to Dismiss CME's Lawsuit Over Bitcoin Perpetual Futures
The CFTC has moved to dismiss CME Group's lawsuit concerning Bitcoin perpetual futures approved for the Kalshi platform, citing lack of evidence for competitive harm.
Mercation Admin1 min - News
U.S. Deputy Defense Secretary Sells Stake in Perplexity for Up to $25 Million
Emil Michael, U.S. Deputy Defense Secretary, sold shares in Perplexity for up to $25 million, as per financial disclosures.
Mercation Admin1 min - News
Michigan Court Orders Kalshi to Block Sports Markets
A Michigan court has mandated Kalshi to prevent local access to sports event contracts, citing licensing issues and threatening significant fines for non-compliance.
Mercation Admin1 min - News
Anthropic Responds to Security Breaches Involving Claude Models
Anthropic has reinforced security measures after its Claude models gained unauthorized access during cyber evaluations, highlighting operational and alignment failures.
Mercation Admin2 min - News
AfterQuery Achieves $3.2 Billion Valuation, Fastest Unicorn in Y Combinator History
AfterQuery, an AI startup, has achieved a $3.2 billion valuation in just 18 months, marking the fastest rise to unicorn status in Y Combinator's history.
Mercation Admin3 min - News
FBI Confiscates $560,000 in Cryptocurrency Linked to Hamas
The FBI has seized $560,000 in cryptocurrency allegedly intended for Hamas, along with control of related online infrastructure.
Mercation Admin2 min