Treasury Sold $42 Billion of 10-Year Notes at a 5% Coupon, the Highest Since 2006. The Borrowing Cost Shock Is Now in the Ledger.
The U.S. Treasury auctioned $42 billion of 10-year notes at a 5% coupon on Wednesday, the highest such coupon since 2006, in the latest il...
Anthropic Is Buying 1.7 Gigawatts of Gas Generators to Power Claude. The Grid Just Became the AI Constraint.
Anthropic, the frontier AI lab behind the Claude model family, is moving to purchase roughly 1.7 gigawatts of natural-gas-fired electricit...
Nvidia's Board Is Probing Reports About Jensen Huang. The AI Trade's Bench Strength Just Became the Question.
Nvidia's board has opened a probe into reports concerning chief executive Jensen Huang, a development that has injected a rare note of...
Binance Severs Ties With a Major Exchange After a FinCEN Designation, and Compliance Fences Tighten Across Crypto
Binance has halted transactions linked to MEXC, a rival exchange that was designated by the US Financial Crimes Enforcement Network over m...
Tokenized Equities Hit a Record Float, and the Off-Hours Trading Gap Is Now the Growth Constraint
Supply of tokenized equities rose by a record $932 million last week, pushing the total market above $4.7 billion, according to on-chain d...
Twenty-One Banks Commit $270 Million to a New Stablecoin, and the Challenge to Tether’s Dominance Gets a Balance Sheet
Twenty-one banks, including Goldman Sachs, Citigroup, Santander and Deutsche Bank, have committed roughly $270 million over five years to ...
Nvidia’s Slide Turns Into a Board-Level Story, and the Market Is Pricing a Governance Discount
Nvidia shares fell more than 6 percent on Wednesday to around $166, a second straight decline, after the company’s board opened a probe in...
DeepMind’s New Robotics Model Learns Dozens of Physical Skills, and the Cost Curve Is the Real Story
DeepMind unveiled Gemini Robotics 2.5 on Wednesday, a model it says can acquire hundreds of real-world manipulation skills, from folding l...
Google Puts Its Strongest Model Yet Behind an Agentic Bet, and the Coding Race Just Got a New Benchmark
Google on Wednesday released Gemini 4 Carbon, which it described as its strongest model to date for long-horizon reasoning and agentic cod...
NYSE Picks Avalanche to Settle Tokenized Stocks. Wall Street's Settlement Layer Just Chose a Chain.
The New York Stock Exchange has selected the Avalanche network as the core settlement ledger for its planned blockchain-based stock market...
Coinbase Wins a Full U.S. Trust Charter. The Custody Race Just Got a New Ceiling.
The Office of the Comptroller of the Currency has elevated Coinbase from a conditional to a full-fledged U.S. trust charter, giving the ex...
Poundland's Cash Crunch Exposes the Discount Retail Glut. The Second Rescue Bid Is the Signal.
Discount retailer Poundland is unable to buy new stock as it edges toward collapse, and a second rescue bid has emerged for the chain, lay...