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View More NewsThe US Commodity Futures Trading Commission has sued a North Carolina man, accusing him of operating a commodity pool featuring crypto that defrauded investors of more than $14 million.The CFTC’s lawsuit, filed in federal court on Tuesday, alleged that Trevor Vernon and his company, Argent Capital Management, operated a commodity pool featuring equity index futures, options on equity index futures and crypto.The agency alleged that from March 2022 to February 2026, Vernon solicited $14.8 million from at least 60 investors and falsely claimed he was a successful trader, even though his trading actually “resulted in consistent and catastrophic losses” for…
The AI trade, which incorporates semiconductors and memory stocks, is showing signs of fatigue as investors reassess whether the extraordinary spending boom on chips and data centers can be sustained. Semiconductor and memory stocks such as Micron Technology (MU) and Sandisk (SNDK) came under heavy pressure on Tuesday, after Samsung Electronics (005930) reported record second-quarter earnings but missed revenue estimates.Shares still fell nearly 7%, extending a broader selloff across AI-linked chipmakers. Concerns are growing that hyperscalers could slow AI infrastructure spending.Meanwhile, rival SK Hynix is down 25% from its all-time high ahead of its U.S. listing this week, a deal…
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Science does not often advance in sudden epiphanies that yield “Eureka” moments. More typical are years of failed experiments, dogged hypothesis-testing, and incremental discoveries that are, at best, inconclusive. And then, sometimes, eventually, the accumulated knowledge results in a breakthrough. Two recent examples are stunning advances in cancer medicine—one for pancreatic cancer, the other for melanoma—that are rewriting what doctors can promise their patients. But to understand why these achievements matter so profoundly, it is instructive to appreciate how long they took.A Pill That Doubled Survival for the Disease That Kills Almost EveryonePancreatic cancer is the third-leading cause of cancer…
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from the why-are-we-even-doing-this? dept For many, many years on Techdirt we’ve bemoaned the fact that federal court documents are not available for free as…
On July 6, the Committee to Protect Journalists joined over 30 partners in calling on the European Union to address the abuse of spyware…
“To deliver on President Trump’s goal to ensure that the United States is the crypto capital of the world, we are embracing innovation to…
Tether has invested $20 million in Brazilian crypto platform Mercado Bitcoin to support the company’s expansion into tokenized assets, stablecoin payments, lending and other…
Botanix, a Bitcoin scaling network that set out to bring “real utility” to BTC without token incentives, is winding down after four years in…
In brief Kalshi will require users to disclose their employers before trading certain high-risk markets, part of a broader “market integrity” package effective immediately,…
From Taibbi v. Kamlager-Dove, decided Monday by Judge Evelyn Padin (D.N.J.): Representative Kamlager-Dove … is … the Ranking Member of the South and Central…
Bitcoin BTC$61,412.97 is wobbling near $61,000 and data due later today could push it over the edge along with the wider crypto market. The…
In brief Bitcoin, Ethereum, and XRP investors have suffered heavy losses as the crypto market tumbles, with over 8 million BTC underwater. During these…
I WANT FREE MINDS AND FREE MARKETS! Help Reason push back with more of the fact-based reporting we do best. Your support means more…
Bitcoin’s BTC$61,412.97 bounce from last week’s low is rolling over, and gold is going down with it.BTC changed hands at $61,233 on Wednesday, down…
The European Union proposed banning transactions on 11 crypto platforms as part of its 21st sanctions package against Russia.Kaja Kallas, vice president of the…