News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- Crypto
SoFi Launches Bank-Issued Stablecoin for 15 Million Users
SoFi has introduced SoFiUSD, a dollar-backed stablecoin, to nearly 15 million users, enabling them to trade and earn interest via its banking app.
Mercation Admin3 min - Crypto
Bitcoin Holds Steady at $75,000 Support Amid Bear Market Signals
Bitcoin maintains its position above $75,000 after failing to surpass $78,000, while broader crypto weakness is evident, with some tokens like hyperliquid and monero showing resilience.
Mercation Admin4 min - Crypto
Bankless Co-Founder Sells ETH, Questions Its Overvaluation
David Hoffman, co-founder of Bankless, has sold some of his Ethereum holdings and expressed doubts about its future valuation, while maintaining a positive view of the network itself.
Mercation Admin2 min - Crypto
HTX Denies U.K. Sanction Claims, States It Declined Ruble Stablecoin Listing
HTX has rejected U.K. claims of aiding Russia by denying a listing for the A7A5 ruble stablecoin, emphasizing its compliance with regulations.
Mercation Admin3 min - Stocks
IREN Shares Surge Following $1.6 Billion Dell Agreement to Enhance AI Cloud Services
IREN's stock experienced a 4% increase following a $1.6 billion deal with Dell to enhance its AI cloud services, projecting annual revenue to reach $4.4 billion by 2027.
Mercation Admin3 min - Crypto
OpenZeppelin Warns of DeFi Vulnerabilities Due to AI Advances
OpenZeppelin's Manuel Aráoz warns that the DeFi sector is unsafe due to AI advancements, urging users to close their positions in major protocols.
Mercation Admin1 min - News
"Bots Manage Bots": a16z Co-Founder Marks the Arrival of AGI
Marc Andreessen of a16z claims AI has reached AGI, revolutionizing fields like medicine and programming, as discussed on The Joe Rogan Experience.
Mercation Admin2 min - Crypto
Bitcoin Falls to 13th Largest Asset as Investors Shift to AI and Precious Metals
Bitcoin has dropped to the 13th largest asset as investors shift their focus to AI and precious metals, reflecting a challenging year for the cryptocurrency.
Mercation Admin3 min - Crypto
OpenZeppelin CEO Declares DeFi Unsafe Due to AI Hacking Threats
OpenZeppelin's CEO warns that AI advancements have rendered DeFi platforms highly vulnerable, amid a significant drop in total value locked and increasing hacking incidents.
Mercation Admin3 min - Crypto
Massive $1.29 Billion Sale of BlackRock's Bitcoin ETF in Dark Pool
A staggering $1.29 billion worth of BlackRock's bitcoin ETF shares were sold in a single dark pool trade, signaling a significant trend of withdrawals from U.S.-listed ETFs.
Mercation Admin3 min - Stocks
SharpLink and Forward Industries to Join Russell Indices
SharpLink Gaming and Forward Industries are set to join the Russell 3000 and Russell 2000 indices, following the recent inclusion of BitMine Immersion Technologies.
Mercation Admin1 min - News
IBM Accelerates AI Model Using Quantum Processor
IBM has reported a quantum enhancement of a large language model using a 156-qubit processor, achieving improved accuracy in text generation.
Mercation Admin1 min