News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- 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 - Crypto
Remixpoint Transitions to Bitcoin-Only Strategy After Altcoin Sale
Remixpoint has transitioned to a Bitcoin-only treasury strategy after selling its altcoin holdings for ¥878.8 million, realizing a profit of ¥117.8 million.
Mercation Admin2 min - News
Pentagon AI Executive Cashes In Millions from Perplexity Stock
Emil Michael, a Pentagon official, sold his Perplexity AI shares for millions, marking his third significant AI stock sale this year amid ongoing controversies.
Mercation Admin3 min - Crypto
Goldman Sachs and BofA Lead 21 Banks in New Dollar Stablecoin Initiative
A consortium of 21 banks, featuring Goldman Sachs and BofA, is set to launch a U.S. dollar stablecoin by mid-2027, expanding the competition in the market.
Mercation Admin2 min - Crypto
Strategy CEO Stands by Decision to Sell Bitcoin at $60K Before Higher Purchase
Strategy's CEO Phong Le defends the decision to sell Bitcoin at $60K and later repurchase at a higher price, citing financial strategy over market speculation.
Mercation Admin2 min - Crypto
Bitcoin's Potential for a Flash Crash: Understanding the 'Bart Simpson' Pattern
Bitcoin's recent price movements have stirred discussions of a potential flash crash, particularly relating to the so-called 'Bart Simpson' pattern among traders.
Mercation Admin5 min - Crypto
Crypto Stakeholders Urge SEC for Customized Regulations on New ETPs
Crypto firms and advocates are urging the SEC to create tailored regulations for new exchange-traded products (ETPs), including those related to cryptocurrencies and event contracts.
Mercation Admin3 min