News
Editorial-quality coverage of global financial markets, policy, and macro trends.
- News
House Republicans Launch Investigation into Kalshi and Polymarket for Insider Trading
House Republicans have commenced an investigation into Kalshi and Polymarket for insider trading, focusing on suspicious trades and KYC practices.
Mercation Admin2 min - Crypto
HTX's Monthly Futures Volume Approaches $100 Billion
HTX's April report reveals a surge in futures trading volume nearing $100 billion and significant growth in stablecoin reserves and new token listings.
James Park2 min - Crypto
Bitcoin Falls as Warsh Takes Charge of the Fed
Bitcoin experiences a drop as Kevin Warsh is inaugurated as the new Fed chairman, raising concerns amid declining consumer sentiment and inflation expectations.
Marcus Reid2 min - News
Starbucks Discontinues AI Inventory System After Failures
Starbucks has discontinued its AI inventory system due to operational failures, impacting product management across its North American stores.
Aisha Patel1 min - News
IREN Co-Founder Highlights Infrastructure as AI's Key Challenge
Dan Roberts, co-founder of IREN, asserts that the primary challenge for AI is physical infrastructure rather than chips, as demand for AI technology continues to grow.
Elena Volkov3 min - Crypto
NEAR Protocol Rises 19.4% as CoinDesk 20 Index Remains Steady
NEAR Protocol has experienced a significant rise of 19.4%, while the CoinDesk 20 Index remains unchanged. Internet Computer (ICP) also saw a gain of 4.3%.
Sarah Chen2 min - Crypto
Trump Media Moves $205 Million in Bitcoin Without Selling Amid Losses
Trump Media has transferred $205 million in bitcoin to Crypto.com but clarified that it did not sell the assets, amid significant financial losses.
Aisha Patel3 min - News
Mark Cuban Divests Most of His Bitcoin Holdings
Mark Cuban has sold the majority of his Bitcoin holdings, citing disappointment with its performance compared to gold amid ongoing geopolitical tensions.
Mercation Admin4 min - Stocks
Tom Lee believes tech IPO influx won't destabilize the S&P 500
Tom Lee from Fundstrat believes the upcoming tech IPOs will not negatively impact the S&P 500, as he anticipates that the market can absorb the influx of new equity.
Sarah Chen3 min - Crypto
OKX and ICE Launch Perpetual Oil Futures for Crypto Users
OKX and ICE are collaborating to introduce perpetual oil futures, utilizing ICE's benchmarks and targeting 120 million crypto users.
Elena Volkov3 min - Crypto
Polymarket Confirms Private Key Compromise
Polymarket has confirmed a private key compromise affecting its UMA CTF Adapter contract, leading to significant fund withdrawals.
Aisha Patel1 min - News
Polymarket Suffers $700K Loss Due to Internal Wallet Breach
Polymarket has experienced a significant security breach, with $700,000 drained from an internal wallet, although user funds remain unaffected.
Mercation Admin3 min