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View More News“The institutional bid has all but vanished,” said Yusuf Fakhro, partner at ARP Digital, pointing to CME futures open interest at a 32-month low and a term structure at its tightest since early 2023. He added that six-month options skew, a measure of how much traders pay to protect against a drop, has spiked to its fourth-highest on record, with the only parallels in June and November 2022, both of which came near major cycle bottoms. When downside insurance gets this expensive, he said, the market is paying up for protection just as the worst may already be priced in.Oil…
From Judge Steven Merryday (M.D. Fla.) today in Trump v. N.Y. Times Co. (for the Complaint in the underlying case, which involves various statements about Trump’s early life and business career, see here): A public figure, perhaps the world’s most prominent public figure, whose actions and remarks routinely generate immediate global news coverage, sues a newspaper, perhaps the world’s most prominent English-language newspaper, along with the world’s largest trade book publisher and three authors. The plaintiff initiates in the Middle District of Florida an action for defamation arising from two articles and a book, researched, written, and edited in New…
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I brought a 510-million-year-old trilobite I’d split out of Cambrian shale four hours north of Las Vegas to show a class of eighth graders. I passed it around the room and explained what it was: an ancient arthropod called Bristolia, from the same branch of the tree of life as every insect and crab alive today, that lived in a warm shallow sea that used to cover Nevada. It predated the dinosaurs by 250 million years. It was older than plants on land. It had what was probably the first real compound eyes that ever evolved on Earth—and when I…
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In brief ByteDance’s Doubao and Alibaba’s Qwen are disabling humanlike agent features ahead of Beijing’s Interim Measures for the Administration of AI Anthropomorphic Interaction…
SpaceX (SPCX) is set to officially join Wall Street’s tech-heavy Nasdaq 100 index on July 7 after raising $75 billion in the largest iPO…
Key takeaways:Bitcoin derivatives show resilience despite bearish pressure from Strategy’s Bitcoin sales.Onchain Bitcoin data points to sellers’ exhaustion, strengthening the $60,000 support level.Bitcoin price…
In brief U.K. Foreign Secretary Yvette Cooper warned that governments need global agreements to manage AI risks. Cooper compared the challenge to nuclear safety…
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…
Gordon Wood was a towering scholar in every way. He was the best historian of the American Revolution and of the writing of the…
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…
In brief Google released DiffusionGemma, a free open-weight model that generates entire 256-token blocks simultaneously via text diffusion—hitting over 1,000 tokens per second on…
NCC The National Constitution Center’s annual Supreme Court Review event is being held on July 7 in Philadelphia. I wanted to highlight it here,…
If bitcoin and Ethereum had been invented on the same day, nobody would have heard of bitcoin. I sold every bitcoin Bit Digital held…