CLARITY Act support carries electoral boost, HarrisX poll finds
The poll found 52% of registered voters support the CLARITY Act, with 47% willing to cross party lines for a candidate who backs the bill.
Varyante
Zcash gains 70% in a week amid growing interest in crypto privacy
Swyftx’s Pav Hundal says Zcash is surging amid concerns about artificial intelligence, quantum computing and financial surveillance.
US sentences ‘laptop farmers’ who assisted North Korean IT workers
The US Justice Department said it recently secured two sentences against men hosting laptops for North Korean workers, marking a total of eight sentences in five months.
Aptos Foundation, Aptos Labs commit $50M to development as it eyes AI agent future
The Aptos Foundation said building infrastructure that enables sub-second finality without the need for human intervention is a key to supporting the next wave of AI agent adoption.
AWS Northern Virginia data center overheats, impacting Coinbase
Coinbase said on Friday its markets are being placed in “cancel only” mode but will begin to re-enable trading “shortly.”
Chaos Labs says oracles secure after attempted ‘nation-state’ wallet attack
Chaos Labs said on Thursday it has rotated all keys since the attempted attack over the weekend and hasn't detected any suspicious activity since.
Coinbase shares slide on $400M Q1 loss, revenue miss
Coinbase financial chief Alesia Haas said “macro conditions were genuinely tough,” while CEO Brian Armstrong highlighted a plan to diversify beyond spot trading.
Block Inc rises 8% as Q1 gives ‘earnings surprise’ despite Bitcoin dip
Block’s Q1 earnings beat estimates despite Bitcoin revenue falling 26% on changing Bitcoin “trading dynamics” and reducing fees on Cash App transactions.
Oil futures rise after U.S., Iran trade fire; stock futures quiet after court rejects Trump’s tariffs
Oil futures moved higher late Thursday while stock-index futures were little changed after the U.S. and Iran exchanged fire in the Persian Gulf, and after a federal court struck down President Donald Trump’s backup tariff plan.
AI is coming for your job after all. These new announcements prove it.
The tech sector is leading a rush of mass layoffs. Cloudflare, Upwork and Bill outlined big cuts on Thursday, following Coinbase’s announcement earlier in the week.
Bitcoin bulls target $115K by December: Does data back the expectation?
Bitcoin options show bulls targeting $115,000 by year-end but are traders becoming overly optimistic?
Airbnb is seeing some of its fastest growth from this surprising segment
The travel app has seen some demand disruptions from the Iran war, but is showing early success with its recent pivot into offering hotel bookings
US Treasury ‘privately demanded’ Binance comply with monitoring deal: Report
US Treasury officials reportedly sent a letter to Binance pressing the crypto exchange on compliance with a 2023 deal, after reports circulated that the company had facilitated transactions linked to Iran.
Cloudflare to cut 20% of staff in a big bet on AI. Investors aren’t sold.
The company’s stock falls as co-founders say the layoffs are “not a cost-cutting exercise.”
CoreWeave shares plunge. Revenue doubles but AI costs are rising.
Shares of CoreWeave fell 9% in after-hours trading as investors considered shrinking margins and lower-than-expected revenue guidance
There’s a new worry keeping Treasury yields and borrowing costs higher
Oil, the Iran war and inflation risks are putting a new floor under longer-duration Treasury yields
‘Americans are not great at managing money’: Social Security and Medicare saved my father from financial ruin
“There’s no way my dad and my mom paid enough into Medicare to cover my dad’s six months in long-term critical care.”
CLARITY Act markup could happen as early as next week: Coinbase exec
The provisions in the crypto market structure bill are still under review by the banking and crypto lobbies as a new poll shows bipartisan voter support for the legislation.
Rocket Lab’s stock rises upon new signs its business is expanding rapidly
The rocket maker said it signed more launch contracts last quarter than it did in all of last year.
A key sector has been AWOL from the stock-market rally. Investors should be worried.
The financial sector has been weak while the rest of the market rallies — something that happened before the last big bear markets.