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View More News“While families with young children comprise about 14 percent of the city’s population, they comprise about 30 percent of the set of New Yorkers who are leaving the city,” said Mayor-elect Zohran Mamdani at a visit to a day care center in East Flatbush, Brooklyn, where he hyped his plans for those families. Mamdani ran on the most ambitious universal child care proposal in the country: free day care for all kids ages 6 weeks and above. Apparently, this pitch was compelling to the city’s beleaguered parents: The self-styled socialist won by a hefty margin. New York City already has universal child…
Bybit’s push to offer neobank-style services is testing how far crypto exchanges can expand into traditional finance (TradFi), highlighting regulatory hurdles and a growing reliance on licensed banking partners.Bybit CEO Ben Zhou announced the exchange’s push into retail banking on Thursday, with a planned February launch of its retail banking product, MyBank. The move would mark one of the most ambitious attempts yet by a major exchange to offer bank-like services to retail users. As crypto increasingly intersects with TradFi, industry observers and executives warned that Bybit’s neobank move could trigger major challenges as it enters largely uncharted territory for…
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Xi Jinping purges a million officials a year. China’s president finds corruption wherever he looks for it, like a Grand Inquisitor rooting out heresy. Lately, his fury has turned to members of the military command, and on 24 January, the great purge finally reached its zenith—a moment described by Dennis Wilder, former China analyst at the CIA, as “the most stunning development in Chinese politics since the early days of Xi’s rise to power.”As vice-chairman of the Central Military Commission, which heads the armed forces of the Chinese Communist Party (not of China, which has no army), Zhang Youxia was…
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In brief The letter cites federal law barring officials from participating in matters that could affect their personal financial interests. Senators questioned whether transferring…
The crypto market unraveled hard over the past 24 hours, triggering $1.68 billion in liquidations as leveraged bets were wiped out across major exchanges,…
Bitcoin has fallen to a nine-month low of $81,000, causing billions in liquidations over the past day as escalating tensions in the Middle East…
In brief Bitcoin and the broader equity markets declined amid a global risk-off move, driven by a mix of macro and geopolitical factors. Next…
Bitcoin price breakouts fail to hold due to insufficient bid-side liquidity. Glassnode analysis identifies the key metrics that are likely to mark the next…
In brief Tokenized stocks and bonds remain subject to existing U.S. securities laws, regardless of whether ownership records are maintained on-chain or off-chain, the…
The media does not fairly cover the conservative Supreme Court justices. But it is not enough to criticize their written opinions. Rather, pundits feel…
With another $25 million from Ripple and $24 million from Andreessen Horowitz (a16z), the crypto industry’s chief campaign-finance fund, the Fairshake political action committee,…
Key takeaways:HYPE surged 60% to $34.90, fueled by institutional investor accumulation from Hyperliquid Strategies and reduced selling after staking unlocks.Bearish liquidations exceeding $20 million…
In brief Brave is launching a multi-week “vault heist” game across its browser, X, and Discord starting February 3. More than 4,000 players have…
The killing of Alex Pretti by U.S. Border Patrol agents in Minneapolis, Minnesota, is hard to defend for anyone who watched the video of…
Optimism’s governance has approved a proposal that links the OP token more closely to the economic performance of the Superchain, marking a notable shift…