Bitwise has injected new momentum into its proposed spot NEAR ETF, submitting a revised SEC filing that incorporates a staking mechanism. The move coincided with a sharp 12% rally for the NEAR token, which successfully breached a weeks-long downward trendline to signal a shift in short-term market sentiment.
Samsung has publicly distanced itself from the Open Standard stablecoin project after being incorrectly listed as a founding partner. The tech giant joined a growing list of South Korean corporations that claim they never reached a formal agreement to join the initiative, despite being marketed as key participants.
A report from Unrig Our Economy reveals that major corporations are funneling campaign contributions to Republican lawmakers who championed last year’s tax package, a law that simultaneously provided massive fiscal windfalls to business interests while imposing deep cuts to Medicaid and federal nutrition assistance for low-income families.
More than 4 million Americans, including 800,000 children, have been dropped from the Supplemental Nutrition Assistance Program since the passage of the 2025 One Big Beautiful Bill Act. Analysts warn this rapid decline marks a humanitarian crisis, with enrollment falling by half in states like Arizona.
Donald Trump’s suggestion that Elon Musk might contribute SpaceX shares to the Trump Accounts program sparked a 3% surge in the company’s stock price. While the billionaire has made no such commitment, the speculation fueled investor optimism alongside anticipation of the company’s upcoming Nasdaq-100 inclusion on July 7.
A 7.49% single-day drop in Tesla’s share price was all the signal Cathie Wood needed to ramp up her firm's position. ARK Invest snapped up $38.1 million worth of the electric vehicle maker’s stock on July 2, signaling a clear conviction in the company despite recent market volatility.
Pope Leo XIV has issued a 42,000-word encyclical, Magnifica Humanitas, urging world leaders to enforce strict regulation of artificial intelligence. The document warns that without intervention, the technology will consolidate power among a profit-seeking elite while threatening mass job displacement, environmental stability, and the moral integrity of warfare.
Billionaire investor Peter Thiel recently advised Elon Musk to withdraw from the Giving Pledge, arguing that philanthropic commitments merely funnel wealth toward left-leaning causes. Instead, Thiel proposed that Musk hoard his fortune to fund a defensive campaign against a prophesied 'Antichrist' figure he believes threatens global governance.
Tech billionaire Peter Thiel has accused Pope Leo XIV of inadvertently acting as a Chinese Communist agent by advocating for stricter artificial intelligence regulations. Speaking at the Aspen Ideas Festival, Thiel argued that such moral constraints could cause the United States to lose the global race for technological supremacy.
Halfway through 2026, the question is no longer whether Ethereum is losing the Layer 1 race to Solana. It is whether the two networks are even running the same race anymore. While Solana dominates in raw activity and transaction throughput, Ethereum remains the industry's bedrock for institutional capital and liquidity.
Several major South Korean corporations, including Samsung Electronics and Dunamu, have disputed their inclusion in the Open USD stablecoin alliance. Despite being publicly named by the project’s issuer, these firms claim they never formally agreed to join the consortium and only learned of their membership through media reports.
Reserve Bank of India officials have urged the Parliamentary Standing Committee on Finance to insulate the national banking sector from cryptocurrencies and private stablecoins. The central bank argues that applying conventional financial regulations to speculative digital assets risks granting them an unearned veneer of legitimacy and safety for retail users.
Brazil’s Central Bank has unveiled a rigorous prudential framework for virtual asset service providers, ending the era of light-touch oversight. Starting January 1, 2027, firms must adhere to strict capital reserves and risk management standards, mirroring the regulatory obligations currently imposed on traditional securities brokers and financial institutions.
Takeda Pharmaceutical has secured a strategic partnership with Hong Kong-based Insilico Medicine, aiming to accelerate early-stage drug development through artificial intelligence. The deal grants the Japanese pharmaceutical giant exclusive global rights to commercialize new therapeutics discovered using Insilico’s proprietary Pharma.AI platform, with the contract value potentially reaching US$600 million.
American officials grew increasingly alarmed that Israel intended to assassinate Iran's lead negotiators during delicate ceasefire talks this spring. Washington went as far as coordinating warnings through regional partners, fearing that Israeli strikes against foreign minister Abbas Araghchi and speaker Mohammad Bagher Ghalibaf would derail diplomatic progress entirely.
Indonesia’s crypto landscape gained a new regulated player as BTSE launched its local exchange, replacing the existing NVX platform. The move follows a joint venture with PT Aset Kripto Internasional, granting the entity authorization from the Financial Services Authority (OJK) to operate as a licensed digital asset trading operator.
Artificial intelligence startups face a high-cost barrier to entry as major tech firms lock essential training data behind multi-million dollar API paywalls. Perceptron is attempting to bypass this bottleneck by crowdsourcing public web data through a global network of 800,000 user-operated nodes, turning idle bandwidth into a competitive information resource.
After a stint at Natixis Investment Managers in Paris, Luc Bernard returns to Bangalore to lead Natixis CIB’s technology and innovation hub. He steps into the role of CEO at a pivotal moment, as the firm marks the five-year anniversary of its primary Indian operations center.
Securing both a Markets in Crypto-Assets authorization and an Electronic Money Institution license in Luxembourg, the Stripe-owned fintech Bridge has unlocked a regulatory pathway to offer stablecoin and payment services across all 27 European Union member states under a unified legal framework.
Peter Stokes, a 19-year-old dual U.S.-Estonian national, appeared in a Chicago federal court last week following his extradition from Finland. Prosecutors allege the teenager played a central role in a sophisticated cyber extortion scheme targeting a luxury jewelry retailer, marking a significant development in the ongoing crackdown on the Scattered Spider hacking group.
Alibaba is barring employees from utilizing Anthropic’s Claude Code within internal environments starting July 10. The decision stems from internal concerns regarding potential embedded backdoors in the coding assistant, marking a significant move by the Chinese tech giant to insulate its infrastructure from perceived software vulnerabilities.
A $36 million security breach has forced Humanity Protocol to abandon its primary focus on blockchain identity in favor of enterprise artificial intelligence. Founder Terence Kwok confirmed the move, noting that while the shift was previously under discussion, the June exploit significantly accelerated the company’s strategic overhaul.
A massive $1.9 billion in Bitcoin options contracts expired on July 3, forcing the market to contend with persistent downside hedging. While Bitcoin managed to reclaim the $60,000 threshold this week, derivatives data reveals that traders remain deeply cautious, prioritizing protection over bullish bets as uncertainty lingers into the third quarter.
The National Organization of Black Law Enforcement Executives has become the first major law enforcement group to publicly back the Digital Asset Market Clarity Act. By endorsing the legislation, NOBLE breaks ranks with other police and prosecutor organizations that previously warned the bill might hinder digital crime investigations.
Ripple co-founder Chris Larsen has invested in American Perpetuals Exchange Corp., a derivatives startup founded by Theodore Gillibrand, the son of U.S. Senator Kirsten Gillibrand. The funding arrives as the Senator remains central to ongoing Senate negotiations regarding the Digital Asset Market Clarity Act, which seeks to overhaul crypto regulation.
Navigating the collision of IRS worldwide taxation and UK financial regulations has long turned US expatriates into a compliance headache for wealth managers. Canaccord Wealth is now attempting to bridge this gap, launching a managed portfolio service specifically engineered for Americans living in Britain to bypass punitive tax traps.
Ninety-four percent of wealth managers overseeing £332.7 billion in assets now warn that relying exclusively on public equities leaves investors exposed to significant growth gaps. As private markets become a core component of portfolio strategy, advisors are shifting their stance on what constitutes a well-diversified long-term investment.
Thirty percent of non-advised platform users currently remain in the dark about their investment charges, prompting the Financial Conduct Authority to overhaul how firms communicate fees. The regulator is pushing for plain-English disclosures and standardized reporting to help investors understand exactly how costs erode their long-term returns.
Dimitri Anghelakis will take the helm of HSBC’s trust and fiduciary services division on August 17, relocating from London to Hong Kong. He succeeds Brent York, a veteran of more than forty years who plans to remain with the bank as an advisor until 2027 to oversee the transition.
After two decades of shaping the firm’s strategy, founding partner Petra Salesny is stepping into the role of chief executive officer at Amundi Alpha Associates. She takes the helm of the €24 billion private markets unit as it navigates a period of global expansion and shifting investment priorities.