Nvidia and Meta warn U.S. against sweeping curbs on open AI models
Nvidia, Meta and Microsoft have joined 22 other organizations in warning U.S. policymakers that sweeping controls on open-weight AI models could weaken American leadership as competition with China intensifies. Summary Nvidia, Meta and Microsoft oppose sweeping U.S. restrictions on open-weight…
Strategy’s STRC tops major ETFs despite trading below $100
Strategy’s STRC preferred stock has become the largest holding in three major U.S. preferred stock ETFs, which collectively own $756 million of the security even as its price remains about 13% below its $100 par value. Summary STRC has become…
US House passes congressional stock trading ban despite loophole concerns
The US House of Representatives has passed a congressional stock-trading ban by a 232-198 vote, sending the measure to the Senate despite criticism that it leaves existing holdings untouched. Summary The House passed the Stop Insider Trading Act in a…
Samson Mow says SATA rebound could pull Strategy’s STRC to par
Strive’s SATA preferred shares have recovered nearly 16% from their June low to about $97, prompting Jan3 CEO Samson Mow to predict that the rebound could help Strategy’s STRC return to its $100 par value. Summary Strive’s SATA has rebounded…
After Twenty One Exit, Jack Mallers Says Bitcoin Taught Him Hard Lessons
Rather than predicting prices, Maller argued Bitcoin’s toughest periods are what keep the network and its participants honest. Jack Mallers says Bitcoin’s bear market has left him “getting my ass kicked,” but the Strike founder believes that is exactly…
Memecoin.Fun raises $3.5M as Robinhood Chain launchpad race grows
Robinhood Chain token launch platform Memecoin.Fun has raised $3.5 million in strategic funding as the network’s decentralized exchanges approach $9 billion in cumulative trading volume. Summary Memecoin.Fun raised $3.5 million in strategic financing led by Becker Ventures. Funding will support…
BitMEX Hit With 623 BTC Lawsuit After Announcing Shutdown
BitMEX is accused of allowing internal traders access to customer data while users were locked out during server issues. BKX Services Inc. and David Namdar have filed a class action lawsuit against BitMEX. The plaintiffs accuse the exchange of…
LMAX taps Morgan Stanley to weigh $5B sale or Nasdaq listing
LMAX Group has enlisted Morgan Stanley and KBW to assess a sale or public listing that could value the institutional trading company at up to $5 billion. Summary LMAX has tapped Morgan Stanley and KBW to review strategic options worth…
Dem Senator Slams GOP’s CLARITY Ethics Proposal as ‘Not a Serious Effort’: Report
Sen. Ruben Gallego is working with Senator Thom Tillis and other Republicans to come up with a counteroffer after bipartisan negotiations collapsed. Senate Democrats are mounting a fresh push to rewrite the CLARITY Act’s ethics provisions after dismissing the…
National police union reverses course to back the CLARITY Act
A US police union representing more than 382,000 members has reversed its position and endorsed the latest CLARITY Act after lawmakers added language addressing its concerns about cryptocurrency investigations. Summary The National Fraternal Order of Police has reversed course and…
