Kalshi Cuts Ties With Donald Trump Jr. Amid Conflict of Interest Concerns Over Polymarket
Kalshi originally brought Trump Jr on board to help attract conservative audiences, including supporters of the MAGA movement.
MEGA Discloses 20% Staff Cut Amid AI Product Push
Departing staff worked on the chain, wallet and ecosystem. The disclosure comes three days after a $30 million product pledge.
Dormant Bitcoin Wallets Wake Up After 16 Years, Moving $6.9 Million
Two Bitcoin mining rewards from September 2010 moved minutes apart. The coins are worth nearly 1.15 million times their original market value.
MEGA cuts 20% of workforce as former MegaETH Foundation restructures
MEGA, formerly the MegaETH Foundation, laid off 20% of staff days after its rebrand and $30 million push into AI inference products.
XPeng Inc. (XPEV) Stock: Unveils Five New EV Models Amid Major UK Expansion
TLDR XPeng stock falls 1.11% to $9.35 despite announcing a major UK growth strategy. XPeng plans five right-hand-drive EV launches in Britain over the next 12 months. XPeng targets 100 UK retail and service locations by 2027 to expand its reach. XPeng…
House Oversight Chair calls for possible ban on government officials’ prediction market bets over insider trading concerns
The House Oversight Committee is calling for new limits on government officials’ use of prediction markets, including a potential ban.
CFTC’s Selig accuses states of trying to ‘lock up’ prediction market founders
CFTC Chairman Michael Selig says disputes over whether event contracts are gambling shouldn’t put executives at risk of jail.
Bitcoin plunges to $68,000 as Anthropic IPO frenzy adds to market jitters
Analysts see no direct link between Nvidia and bitcoin's decline, pointing instead to investor capital headed into Anthropic as well as a broader risk-off move.
Vertiv Holdings Co (VRT) Stock: Introduces New Power Technology for AI and HPC Infrastructure
TLDR Vertiv stock drops 4.25% to $200.74 despite its latest AI power system launch. New PowerStation 3100 RPP supports high-density AI racks needing over 100 kW. Vertiv’s new power panel offers up to five times traditional RPP power capacity. Built-in…
Fed Chair Warsh Wants Answers on AI Inflation—and Bitcoin May Feel the Impact
The Federal Reserve is examining whether AI will lower prices or keep inflation elevated, a question that could shape interest rates and the outlook for crypto.