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Rep. Bryan Steil introduce bill seeking to block congress from prediction market wagers
1+ hour, 58+ min ago (403+ words) Rep. Bryan Steil, the Wisconsin Republican who chairs the House Administration Committee, introduced a bill Thursday that would bar members of Congress, their spouses, and their dependent children from betting on prediction markets tied to government policy, legislation, or political…...
Bloomberg's Polymarket insider trading investigation dismissed as well-timed trades
4+ hour, 8+ min ago (837+ words) Pseudonymous analyst Car has written a rebuttal to the Bloomberg report on alleged insider trading that flagged specific wallets and labeled tens of millions in trading volume as suspicious. Car's thread highlighted what he says are several problems with Bloomberg's…...
Alibaba goes all in on full-stack AI as the race for best model by June heats up on prediction markets
4+ hour, 54+ min ago (718+ words) Alibaba Group presented its strongest commitment to artificial intelligence this week. Chairman Joe Tsai said AI could eventually create a US$50 trillion market and that the company plans to invest in every area of the AI industry rather than focusing…...
Hormuz Reopens Toll-Free: What the 60-Day Window Means for Crypto
10+ hour, 18+ min ago (498+ words) The uncertainty around the Strait of Hormuz has been one of the most contentious issues that crypto and risk assets more broadly have had to deal with since the US-Iran war began on February 28. Iran's Persian Gulf Strait Authority issued…...
U. S. Margin Debt Hits Record $1. 42 Trillion
11+ hour, 52+ min ago (596+ words) U. S. margin debt surged to a new record in May, recording an increase in investor borrowing as stock markets continued to set new highs. Data released by FINRA showed margin debt rose by $112 billion during the month, bringing the total to…...
Estonia's decision to assign IDs to AI agents sparks debate over digital identity
11+ hour, 34+ min ago (680+ words) Estonia has set out to become the first country to create IDs for AI agents in an effort to avoid losing control over the technology, which is spreading fast in its digitally advanced society. The move, aimed primarily at ensuring…...
Ethereum Foundation co-executive director steps out of firing line with board resignation
13+ hour, 44+ min ago (702+ words) Today, Hsiao-Wei Wang stepped down as co-executive director and board member of the Ethereum Foundation. Her departure now follows at least eight executives leaving the organization over the past five months. Wang spent eight years with the Ethereum Foundation. She…...
Iran scraps Trump peace talks over Israeli strikes on Lebanon, sending markets lower
13+ hour, 33+ min ago (428+ words) The oil markets became jittery Friday following yet another round of talks that did not happen between the United States and Iran as there was uncertainty whether the interim pact could evolve into a permanent peace accord. Brent crude for…...
Space X prepares $20 billion bond sale to refinance x AI acquisition debt
22+ hour, 43+ min ago (441+ words) Space X is plotting to raise at least $20 billion through its first investment-grade bond offering, with investor calls expected as early as next week, according to Reuters and Bloomberg. The newly public company is reportedly seeking to replace temporary financing…...
Open AI rolls out credit tracking and spending limits for Chat GPT Enterprise
22+ hour, 3+ min ago (311+ words) Open AI has launched enhanced usage analytics and updated spend controls for Chat GPT Enterprise on Thursday, giving corporate administrators better tools to monitor AI credit consumption and set important budget caps across their organizations, as institutional AI spending continues…...