Brazil's Circuit Breaker Is the Hardest Lesson of the Week in Asset Allocation
A surprise reelection of Brazilian President Luiz Inácio Lula da Silva triggered a circuit breaker in local equities on Monday, with Petro...
OpenAI's GPT-6.1 Terra Cuts Inference Prices in Half. The Real Story Is Who Buys the Rest
OpenAI released GPT-6.1 Terra on Monday, a mid-tier model aimed at computer use, visual reasoning and everyday coding work that the compan...
Meta Launched a $35 Billion Stock Sale to Fund AI — and Its Chip Suppliers Want a Piece of It Back
On Monday, Meta Platforms priced two concurrent offerings totaling about $35 billion — $22.5 billion of Class A common stock and $12.5 bil...
CoinDCX's 16 Million Dollar Loss Was Not a Hack. The Disputed Timeline Is the More Damaging Story.
CoinDCX confirmed on October 25 a loss of about 15.99 million USDT from retired deposit wallets, days after its CEO had publicly called ea...
Switzerland Just Gave Bitcoin Its First Real Retail Wrapper in Europe. The Regulator Did It Without Naming the Issuer.
FINMA approved on October 20 the first publicly offered exchange-traded fund under Swiss law that holds Bitcoin directly. The product, ide...
Oil Back Above 115, Brent Settling at Its Highest Since April. The Energy Sector Is the Only One Still Making Money.
Wall Street closed Friday with the Dow down 652 points and the S&P 500 and Nasdaq both posting weekly losses. The energy sector hit a ...
France's 10-Year Yield Just Crossed 5 Percent for the First Time Since 2002. Moody's Kept the Rating. The Spread Is Doing the Talking.
Moody's kept France at Aa3 with a negative outlook on October 23, against a field of market participants expecting a cut to A1. Around...
Kimi K3.1 Pro Is Live, and China Has a Draft Export List Sitting Right on Top of It. The Two Timelines Collide in November.
Moonshot shipped Kimi K3.1 Pro on October 23, with the API up immediately and full weights promised by November 4. At the same moment, Bei...
Nvidia Open-Sourced Its Robot-Labeling Engine at GTC Berlin. The Cost Gap With Frontier Models Is Now the Story.
Nvidia's GEAR lab released Flora on October 20, a suite of open models that turns raw manipulation video into the labels needed to tra...
Cloudflare's CEO Said Agent Traffic Will Be 1,000x Human Traffic in Five Years. The On-Chain Economy It Implies Is Already Trading.
Cloudflare's CEO said this week that agent traffic will outpace human traffic by a factor of 1,000 within five years. The number is a ...
Zcash's Record 2.4 Million Vote Backed the NU7 Halving by 106 to 1. The Price Reaction Says the Market Is Still Unsure.
The largest coinholder vote in Zcash history approved the NU7 upgrade — a block-time reduction from 75 seconds to 25 seconds, effectively ...
Musk Put $1 Billion Into Skydance. The Money Is a Signal About What the Ellison Takeover Actually Costs.
Elon Musk has invested roughly $1 billion in Skydance Media, the company behind the Ellison-led Warner Bros. acquisition, according to Sem...