The News Roundup
View More NewsIn brief Canton Network creator Digital Asset secured $355 million in its latest funding round led by Andreessen Horowitz. The round drew a diverse mix of global investors, including the Abu Dhabi Investment Authority. Canton operates as a “network of networks” designed to bring traditional assets such as bonds, equities, and commodities on-chain. Digital Asset secured $355 million in new funding from investors including an Abu Dhabi-based sovereign wealth fund, according to a Thursday announcement from the firm behind the Canton Network.The firm said that the Abu Dhabi Investment Authority, through a wholly owned subsidiary, was among participants in the…
When Sen. Mitch McConnell (R–Ky.) introduced the Hemp Farming Act of 2018, which legalized hemp nationwide, he claimed the legislation would allow states to “conduct their own oversight plans” and “give the hemp industry the tools” to “create jobs and new opportunities” across the nation. McConnell neglected to mention that those jobs and opportunities had to align with his narrow definition of acceptable hemp uses. Last November, McConnell codified his disapproval of the hemp industry’s success with an amendment to the government funding bill passed that month. The provision bans the sale of any “hemp-derived cannabinoid product” with more than…
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Opinions & Debates
Fundamentalists rush in where liberals fear to tread.~Michael Sandel British prime minister Keir Starmer doesn’t believe the birthplace of modern liberalism can defend liberal ideas from Turkish-American podcaster Hasan Piker and his more indignant and less charming uncle Cenk Uygur. These popular streamers have been barred from entering the United Kingdom after the Home Office determined that their presence on British soil may not, in the words of British officialdom, “be conducive to the public good.”There was a time when this kind of panicked response to the fleeting presence of an illiberal guest or two would have been anathema in the British…
Latest News
In brief Prediction market Myriad will use Chainlink as the exclusive oracle infrastructure behind its 2026 FIFA World Cup match markets. The integration extends…
XRP managed to hold the $1.10 area, which matters after last week’s sharp breakdown, but the recovery still looks tentative. Institutional money continues flowing…
Delaware and New Jersey have both advanced legislation to ban cryptocurrency ATMs in what is becoming a growing trend across US states, with lawmakers…
In brief Delaware lawmakers have advanced House Bill 441 to ban cryptocurrency kiosks statewide. If passed, the bill would require existing machines to go…
In brief Botanix disclosed plans to wind down its Bitcoin-based layer-2 network, asking users to withdraw funds. The project said it didn’t achieve significant…
Kalshi said it will start requiring some users to disclose their employers as part of a broader push to crack down on insider trading…
The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to…
In brief Claude Fable 5 burns through subscription limits roughly twice as fast as Opus 4.8—one test drained a $100 Max plan in under…
In a voice vote earlier this week, the House of Representatives passed H.R. 6028, the “Legislative Branch Agencies Clarification Act.” The legislation is presented…
from the that’s-not-how-any-of-this-works dept California lawmakers are again considering A.B. 412, a bill that would require AI developers to identify and disclose copyrighted works used to train…
Mastercard (MA) is betting that AI agents will soon become active participants in the economy and wants its payments network to sit at the…
Robinhood Securities said it had secured approval to act as an IPO underwriter, moving from a distribution role into the main underwriting group alongside…
