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GAM Cuts Losses as Restructuring Gains Traction
Zurich-based investment house GAM reported an underlying pre-tax loss of SFr24 million for the first half of 2026, marking a 30 percent improvement over the previous year as aggressive cost-cutting measures and a modest recovery in assets under management began to stabilize the firm's balance sheet.
Thailand’s 0% crypto tax is a calculated bid for industry control
Thailand’s five-year tax exemption for crypto gains has returned to the spotlight, fueling claims of a new tax haven. However, the policy is not a blanket holiday, but a strategic incentive designed to force trading activity onto domestically licensed exchanges while tightening state oversight of the digital asset sector.
Japan Tightens Crypto Withdrawal Rules to Combat Record Fraud
With losses from investment and romance scams reaching 151.47 billion yen through May, Japanese regulators are forcing cryptocurrency exchanges to slow down the exit of assets. The Financial Services Agency and National Police Agency have issued an urgent request for platforms to implement mandatory withdrawal delays and stricter identity controls.
Senate Punts CLARITY Act Vote to September Amid Deadlock
Senate Majority Leader John Thune has shelved a planned vote on the CLARITY Act until September, effectively pushing the landmark crypto market structure bill past the August recess. The delay follows a refusal from Democrats to grant the procedural support necessary to overcome a 60-vote filibuster threshold.
Wintermute enters U.S. securities market as registered broker-dealer
Wintermute USA has secured registration as a broker-dealer with the SEC and joined FINRA, granting the firm a formal foothold in the American securities landscape. This regulatory milestone allows the crypto market maker to trade equities and equity options while positioning itself to challenge Wall Street incumbents.
Wealth Managers Bet on AI Despite Market Volatility
Equity markets remain a primary destination for capital as wealth managers look past recent volatility to focus on resilient economic growth. While the global rally faced headwinds in July, experts at firms like Pictet and Indosuez maintain that the tech-driven investment cycle possesses enough momentum to support further gains.
Ondo Finance Founder's Estate Challenges CEO in Delaware Court
A high-stakes corporate power struggle has surfaced in the Delaware Court of Chancery, where Kathleen Allman, mother of late Ondo Finance founder Nathan Allman, is suing to oust CEO Ian De Bode. The legal battle hinges on whether the estate holds the requisite voting power to overhaul the company’s leadership.
Upbit Adds Block Street to Spot Markets Amid Trading Restrictions
South Korean exchange Upbit is expanding its digital asset offerings by listing Block Street (BSB) across its Korean won, Bitcoin, and USDT markets on August 7. The move brings the utility and governance token of the tokenized asset infrastructure project into one of the region's most active trading environments.
AI-Generated Viruses Reveal Growing Gap in Biosafety Oversight
Researchers at Stanford University and the Arc Institute have successfully synthesized the first biological viruses designed by artificial intelligence, triggering urgent warnings from the scientific community that existing regulatory frameworks are woefully inadequate to address the potential for AI-driven bioweapons as the technology evolves toward superintelligence.
Canaan pivots to crypto reserves to fuel $30M share buyback
Bitcoin miner Canaan has authorized the sale of its Bitcoin and Ethereum holdings to bankroll an existing $30 million share repurchase program. The move comes as the Nasdaq-listed firm struggles to lift its stock price above the $1 minimum bid requirement ahead of a 2027 deadline.
Rarible Expands NFT Marketplace to Solana Network
After months of development and community consultation, Rarible has officially launched its NFT marketplace on the Solana blockchain. The platform debuted with the Claynosaurz collection as its primary feature, signaling a strategic push to capture liquidity on a network known for high-speed transactions and lower fees.
Democrats Demand Answers on Palantir’s Federal 'Mega-Database'
A coalition of Democratic lawmakers is challenging Palantir Technologies over its expanding role in federal data collection, citing concerns that the company is helping the Trump administration build a searchable, government-wide database of private American taxpayer information that may violate existing federal law.
GAO Report Finds Elon Musk's DOGE Inflated Government Savings Claims
A Government Accountability Office report released Thursday reveals that Elon Musk’s Department of Government Efficiency (DOGE) systematically exaggerated its impact on federal spending. Investigators found the organization frequently took credit for pre-existing lease terminations and failed to provide verifiable data for nearly all of its claimed grant-related savings.
Palantir Avoids US Federal Taxes While Securing Billions in Contracts
Palantir Technologies, a dominant force in government surveillance, recorded $1.657 billion in pre-tax profits last year while paying zero dollars in US federal income tax. A new analysis suggests the company maintains a global effective tax rate of just 1.4%, sparking fresh outrage over its reliance on public funding.
Michael Saylor Credits ChatGPT for $15 Billion Financing Strategy
Michael Saylor claims ChatGPT played a pivotal role in designing the preferred stock financing model that allowed MicroStrategy to raise $15 billion. By leveraging the AI to analyze complex capital structures, Saylor suggests that integrating machine intelligence into corporate finance can significantly accelerate high-level decision-making processes.
Progressive Randy Villegas Advances in California Congressional Bid
In a direct challenge to the party establishment, progressive candidate Randy Villegas secured a spot in the general election for California’s 22nd Congressional District. The primary outcome marks a significant hurdle for the DCCC-backed candidate and sets the stage for a high-stakes showdown against incumbent Republican David Valadao.
David Hogg Claims Vindication After Ouster from DNC
“A year ago, I was removed from my position as vice chair of the DNC for daring to suggest that we needed to challenge geriatric, corrupt, and asleep-at-the-wheel Democrats in safe blue seats,” David Hogg wrote in an op-ed for Zeteo, arguing his early warnings now align with recent progressive election victories.
DNC Chair Issues Ultimatum to David Hogg Over Primary Challenges
Democratic National Committee Chair Ken Martin is moving to restrict party officials from intervening in primary elections, effectively forcing Vice Chair David Hogg to choose between his leadership role and his $20 million effort to unseat incumbent Democrats through his political action committee, Leaders We Deserve.
Union Sues TSA Over Secretive Airport Screening Privatization Plan
The American Federation of Government Employees filed a federal lawsuit Wednesday to force the Transportation Security Administration to disclose details of "TSA Gold+," a controversial initiative aimed at privatizing airport security screening. The union alleges the administration is shielding a program that could dismantle public safety standards.
MetaMask debuts AI Agent Wallet with $10,000 loss protection
MetaMask has launched Agent Wallet, a self-custodial tool allowing AI agents to execute on-chain transactions within user-defined parameters. By enabling autonomous trading across EVM networks and Hyperliquid, the platform seeks to bridge the gap between automated software and financial security, offering up to $10,000 in monthly transaction protection for eligible losses.
Humanitarian Groups Label Trump’s Gaza Peace Plan a Failure
Six months after the implementation of a ceasefire in Gaza, five leading humanitarian organizations report that the Trump administration’s 20-point peace plan is failing. Their joint scorecard highlights that while sustained aerial bombardment has slowed, the exclave remains trapped in a cycle of deprivation, stalled reconstruction, and ongoing civilian casualties.
Gaza Ceasefire Fails Children as 300 Die in 300 Days
The world calls it a ceasefire, but families in Gaza are still burying their children. This grim assessment from a United Nations spokesperson marks the 300th day since a truce deal was reached between Israel and Hamas, a period that has seen at least 300 Palestinian children killed in ongoing violence.
House Democrat Files Impeachment Articles Against Russell Vought
Rep. Sydney Kamlager-Dove introduced articles of impeachment against White House budget director Russell Vought on Thursday, alleging the Project 2025 architect illegally impounded congressionally appropriated funds and prioritized political retribution over constitutional mandates to punish states that supported Kamala Harris in the 2024 election.
Bernstein Backs Circle With $140 Target Despite Mixed Q2 Results
A 114% upside potential remains for Circle stock, according to Bernstein analysts, who reiterated an Outperform rating following a volatile second quarter. Despite missing revenue estimates by 2%, the stablecoin issuer’s shift toward institutional infrastructure and the upcoming Arc mainnet launch are countering bearish sentiment surrounding interest-rate sensitivity.
Appeals Court Finalizes 25-Year Prison Term for Sam Bankman-Fried
A federal appeals court has officially mandated the 25-year prison sentence and $11 billion forfeiture order against Sam Bankman-Fried. By filing this mandate, the Second Circuit has effectively exhausted the standard appellate process, confirming the seven felony convictions tied to the collapse of the cryptocurrency exchange FTX.
Hundreds of Artists Denounce Government Pressure on Media
More than 400 entertainers have signed an open letter organized by the ACLU, condemning the Trump administration’s move to silence critics after ABC suspended Jimmy Kimmel. The suspension followed threats from FCC chairman Brendan Carr to revoke broadcast licenses over the comedian's criticism of the President’s response to Charlie Kirk’s assassination.
FCC Scraps Media Ownership Cap, Triggering Legal Battle
A press freedom advocacy group is preparing to challenge the FCC in court after the commission voted to dismantle a 22-year-old regulation. The decision, passed along party lines, removes the national cap that restricted a single company from owning television stations reaching more than 39% of American households.
Lebanon Accuses Israel of War Crimes After Journalist's Death
Lebanese Prime Minister Nawaf Salam condemned the Israeli military for the killing of Al-Akhbar journalist Amal Khalil, calling the strike on her shelter and the subsequent obstruction of rescue efforts a clear-cut war crime that fits a broader, systematic pattern of targeting media professionals in southern Lebanon.
Israel Identified as World’s Leading Killer of Journalists in 2025
For the third consecutive year, Israel has been named the primary aggressor against the press globally. According to a new report from Reporters Without Borders, the Israel Defense Forces were responsible for the deaths of at least 29 Palestinian reporters this year, accounting for nearly half of all journalist fatalities worldwide.
Press Freedom Groups Demand Inquiry Into Journalist Amal Khalil's Death
Global press freedom organizations are calling for an immediate international probe into the killing of Lebanese journalist Amal Khalil, who died under the rubble of a home bombed by Israeli forces. Advocates argue the incident bears the hallmarks of a targeted strike, citing the systematic obstruction of rescue operations.