Implosion of Situational Awareness hedge fund has Wall Street betting the bottom is in for the AI trade
One of the wildest months in recent memory for the U.S. stock market is ending on yet another remarkable note: A highflying hedge fund run by an AI wunderkind…
Telegram’s Pavel Durov responds to Russia’s terrorism designation
The Telegram founder said Russia designated him a terrorist after he refused government demands for mass surveillance and censorship on the messaging platform.…
Warsh’s Wall Street cred takes a hit as investors doubt the Fed chair’s inflation-fighting resolve
Kevin Warsh insists the Federal Reserve will do whatever it takes to reduce U.S. inflation to its 2% target, but investors aren’t buying it. Source：MarketWatch
Aviva Investors launches tokenized fund after Central Bank of Ireland approval
The new XRPLbased share class gives eligible investors blockchainbased access to a regulated US dollar liquidity fund while keeping traditional custody…
Micron, Sandisk and other chip stocks get major boosts in the wake of Microsoft’s earnings
Microsoft is spending heavily on AI but is also taking a “responsible” approach to its financials, an analyst said. Source：MarketWatch
Global banks test tokenized money for cross-border payments in $1 million BIS pilot
Twentyeight banks, including JPMorgan, Citi and UBS, moved real money across borders in a live test of blockchainbased settlement. Source：CoinDesk
The cyclospora outbreak is the biggest ever. Why this ‘unusual’ outbreak is so hard to manage.
The complexity of the cyclospora outbreak raises questions about whether it could last longer than previous outbreaks, which usually end in August.…
Hyperscale Data sells 100 BTC to fund Michigan AI data center
The Bitcoin miner is using part of its treasury and a BTCbacked credit facility to fund an AI campus tied to a potential multibilliondollar infrastructure…
Tokenized gold passes DeFi stress test, but less than 2% is used as collateral
A RedStone report found tokenized bullion held up during gold’s sharp selloff, but DeFi lending adoption remains limited despite surging market growth and…
Americans are spending plenty — but they’re saving much less
Consumer spending rose again in June to cap off a strong second quarter, but households had to dig deep into their savings to pay for their purchases after a…
CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures
CME CEO Terry Duffy said a court battle over whether perpetual futures are swaps or futures could eventually affect how the IRS taxes the contracts.…
The economics behind Aave proposal to ditch 6 chains that earn loose change in revenue
A governance proposal would shut deployments on Sonic, Scroll, zkSync, Metis, Soneium and Aptos, and retire 50 asset markets elsewhere. Deposits on some have…