News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
SBI Holdings to Cease Bitcoin Mining Pool Operations
SBI Crypto, a subsidiary of SBI Holdings, will cease its Bitcoin mining pool operations by July 31, joining a trend of miners pivoting towards AI.
Mercation Admin2 min - Crypto
Standard Chartered Pioneers Direct USDC Access for Institutions
Standard Chartered has become the first G-SIB to provide institutional clients direct access to mint and redeem USDC, beginning in Dubai.
Mercation Admin2 min - Macro
U.S. Job Growth Declined Significantly in June with 57,000 New Positions
U.S. job growth saw a significant decline in June, with only 57,000 positions added, impacting expectations for Federal Reserve interest rate hikes.
Mercation Admin3 min - Crypto
Robinhood Unveils 'Robinhood Chain' with Tokenized Stocks
Robinhood has launched Robinhood Chain, an Ethereum layer-2 platform focusing on tokenized stocks, alongside significant market movements in crypto and AI.
Mercation Admin4 min - News
Media: OpenAI Discussed Transferring 5% Stake to the U.S.
OpenAI reportedly discussed transferring a 5% stake to the U.S. government during talks with Trump's administration, potentially linked to a Public Wealth Fund.
Mercation Admin2 min - News
OpenAI in Talks to Offer U.S. Government 5% Stake: FT
OpenAI is reportedly contemplating a 5% equity stake for the U.S. government as part of a broader initiative to distribute AI-generated wealth to the public.
Mercation Admin3 min - News
Suspected Scattered Spider Hacker Extradited to the U.S. Over $8 Million Ransom
A 19-year-old alleged member of the hacking group Scattered Spider has been extradited to the U.S. to face charges related to an $8 million crypto ransom demand.
Mercation Admin2 min - News
Kalshi and Polymarket's June Trading Volume Reaches $44.8 Billion
In June, the trading volume of Kalshi and Polymarket soared to $44.8 billion, driven by the upcoming FIFA World Cup.
Mercation Admin1 min - Crypto
XRP Gains Ground as Whale Activity Increases Amid Cautious Retail Traders
XRP has shown signs of accumulation as whale activity increases, with new wallet creations reaching a three-month high. However, it must surpass $1.10 for a more convincing recovery.
Mercation Admin4 min - News
Meituan Launches LongCat-2.0 AI Model, Surpassing Competitors
Meituan has officially launched LongCat-2.0, an AI model with 1.6 trillion parameters, outperforming competitors in various benchmarks.
Mercation Admin5 min - News
UN's AI Safety Panel Warns of Potential Catastrophic Risks
The UN's AI Safety Panel warns that current AI technology may pose catastrophic risks, as highlighted in their preliminary report released on July 5.
Mercation Admin3 min - News
BitMine, SharpLink, and Joe Lubin Launch Nonprofit to Boost Ethereum on Wall Street
Ethereum Institutional, a new nonprofit, aims to help Wall Street firms adopt Ethereum infrastructure, backed by Joe Lubin and treasury firms BitMine and SharpLink.
Mercation Admin2 min