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View More NewsDonald Trump is now an unpopular president. Some of this dissatisfaction is due to the war in Iran. Some of it springs from the unanticipated speed, chaos, and perceived brutality of several of his administration’s actions over the past year and a half. But a significant part of his political problem has a straightforward economic explanation: Everything feels expensive, and his tariffs are a major reason why. If the president wants to help himself and his party ahead of this year’s midterm elections, the most effective thing he can do is eliminate the tariffs. The evidence in favor of this…
In brief Terraform Labs’ administrator has alleged in an amended complaint that Jane Street used a secret Telegram chat to receive insider information from Terraform employees before Terra’s collapse. The complaint claims Jane Street dumped its entire $192 million TerraUSD position on May 7, 2022, hours before the stablecoin lost its peg. The alleged trades came ahead of the $40 billion Terra implosion, which later sparked a broader crypto contagion, leading to bankruptcy for multiple firms. Terraform Labs administrator Todd Snyder has alleged in an amended complaint filed Monday that Jane Street traders used a private chat to obtain insider…
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Who should be exempt? Why does Jeff Bezos think teachers in Queens making $75,000 a year shouldn’t be expected to pay taxes? “I think what’s going on is that it’s kind of a tale of two economies,” he told CNBC’s…
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As I watched Israel’s Eurovision contestant Noam Bettan belt his way to second place in Vienna last week, I found myself thinking about the gulf between the real person on that stage and the avatar of an invented Israel he represents to some. After a week of lies and libels even more outrageous and numerous than usual, I want to offer a reality check to those who booed and boycotted him.🇦🇹🇮🇱 The crowd at the Eurovision contest in Vienna booed and chanted “Stop the genocide” during Israeli singer Noam Bettan’s performance, as he represented Israel with his song Michelle.Despite the…
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Binance has launched perpetual futures that allow users to trade the anticipated valuations of private companies before they go public. The first contract to…
MAPO, the native token of the Map Protocol, fell 96% on Wednesday after an exploit of the Butter Network cross-chain bridge, which allowed an…
Bitcoin’s BTC$77,640.88 recovery from February lows, which had begun to look like a new bull run, hit a wall last week at the 200-day…
The US securities regulator is delaying the launch of a recent wave of “novel ETFs,” including those that allow investors to bet on the…
In brief Colossal Biosciences says its artificial womb platform now achieves a 100% development rate in current tests after years of iteration. The remaining…
SpaceX officially confirmed plans to go public on Wednesday, setting the stage for what could become the largest initial public offering in history and…
Key takeaways:$2 billion in spot Bitcoin ETF outflows spark downside fears, but this metric is typically backward-looking.A sustained discount on stablecoins in China signals…
In brief Bitcoin firm Nakamoto is instituting a 1-for-40 reverse stock split. The move is intended to help it achieve a share price of…
None of this proves that extreme views are always right, and moderate ones always misguided. The point is not that we should always adopt…
The U.S. Federal Reserve took another step toward special limited payment accounts that would give a lighter version of the master-account services the central…
Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle’s USD Coin, as the crypto exchange expands its infrastructure business for companies…
SpaceX’s official IPO filing revealed a Bitcoin position worth $1.45 billion on Wednesday, highlighting tech CEO Elon Musk’s quiet commitment to the digital asset.The…
