News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
Polymarket to Compensate Users After Contractor Attack
Polymarket has pledged to fully reimburse users after a third-party contractor attack led to the theft of approximately $3 million in funds.
Mercation Admin2 min - News
BitGo Reduces Workforce by 15% Amid AI Transition
BitGo is reducing its workforce by nearly 15% as part of a strategic shift towards AI and enhanced security, according to CEO Mike Belshe.
Mercation Admin2 min - News
Anthropic Accuses Alibaba-Linked Operators of Distilling Claude
Anthropic has accused Alibaba-linked operators of conducting a large-scale distillation attack on its AI model, Claude, raising concerns about unauthorized access and competition.
Mercation Admin2 min - News
Pentagon Expands AI Role in Military Strategy
The Pentagon has updated its doctrine on AI in military strategy, emphasizing human oversight and the potential for fully autonomous systems.
Mercation Admin2 min - Crypto
Ether, XRP, and Dogecoin Lead Crypto Selloff Amid Tech Stock Decline
Ether, XRP, and dogecoin have seen significant declines as tech stocks drop, with bitcoin stabilizing around $59,888 in a crucial support zone.
Mercation Admin4 min - Crypto
Bitcoin Approaches $60,000 Again as Asian Markets Decline
Bitcoin has rebounded towards $60,000 despite a downturn in Asian equity markets, with significant declines in South Korea and Japan.
Mercation Admin1 min - News
Anthropic Calls for Congressional Action Against AI Model Distillation by Chinese Entities
Anthropic has urged Congress to take action against AI model distillation practices by Alibaba affiliates, claiming it poses a national security risk.
Mercation Admin3 min - Crypto
SBI Holdings to Acquire Bitbank for $289 Million, Aiming for Leadership in Japan's Crypto Market
SBI Holdings is acquiring Bitbank for approximately $289 million, aiming to create Japan's largest cryptocurrency exchange with $6.8 billion in assets.
Mercation Admin2 min - News
California Launches Dashboard to Monitor AI Job Impacts
California has introduced a dashboard to track AI-related job losses, responding to fears of automation impacting the labor market.
Mercation Admin2 min - News
Strategy Maintains 10-Month Cash Reserve for Dividends Amid Investor Distrust
Strategy has enough cash reserves to meet dividend payments for nearly 10 months, yet trust among retail investors is diminishing due to significant price drops.
Mercation Admin4 min - News
Bristol Discontinues AI Models for Child Crime Risk Due to Errors
Bristol's police and city council have halted the use of AI models assessing child crime risks due to low accuracy and lack of transparency.
Mercation Admin5 min - News
CZ Reflects on Prison Experience, Sees No Negative Impact on Binance
Changpeng Zhao reflects on his prison time, stating it didn't harm his business prospects as he pursues a new venture capital career without returning to Binance.
Mercation Admin8 min