The SEC Will Let Advisers Self-Custody Crypto When Wall Street's Vaults Don't Exist
The Securities and Exchange Commission proposed a crypto-specific custody framework on Thursday that admits the 1940 Act never contemplate...
Visa, Stripe and Coinbase Launched a Stablecoin Designed to Make USDC Expensive
Open USD went live on Ethereum, Solana, Base, and Tempo with a fee structure that attacks Circle's mint-and-burn economics rather than...
The Euro Fell to a 17-Month Low While U.S. Stocks Pretended the Yield Shock Was Over
The euro slipped below $1.13 on Thursday, trading as low as about $1.1238, its weakest level since May 2025 — even as the S&P 500 eked...
China Canceled October Fuel Cargoes, and Brent Cleared $102 Without a Hormuz Closure
Chinese refiners have halted most gasoline, diesel, and jet-fuel exports for October beyond Hong Kong and Macau, people familiar with the ...
Barclays Wants Claude Writing Code for Half Its Engineers by Christmas
Barclays is expanding Anthropic's Claude from a knowledge assistant used by 16,000 U.K. staff into the software factory itself, with a...
California Banned AI-Only Firings — Then Gave Employers Until 2027 to Keep Using Them
Gov. Gavin Newsom signed the No Robo Bosses Act on Wednesday, reversing a 2025 veto — and delaying the country's first ban on algorith...
HSBC Named a Hong Kong Stablecoin Months Before Customers Can Hold It
HSBC unveiled the name of its Hong Kong-dollar stablecoin on Wednesday — HSBC RedCoin — and spent as much of the announcement warning peop...
America's First NEAR ETF Sells Staking Yield as an AI Settlement Bet
Bitwise Asset Management listed the first U.S. spot NEAR exchange-traded product on NYSE Arca on September 29, ticker NRR, at a 0.75 perce...
Micron's $54 Billion Quarter Turns Memory Into AI's Binding Constraint
Micron Technology reported fiscal fourth-quarter revenue of $54.23 billion on Wednesday, nearly five times the $11.32 billion a year earli...
Inflation Cooled to 3.4 Percent. Mortgage Rates Still Hit a Three-Year High.
The inflation print the Federal Reserve wanted arrived on Wednesday. The bond market ignored it. August PCE rose 3.4 percent from a year e...
The FTC Is Coming for the AI Labs That Just Pledged to Police Themselves
A day after frontier-lab chiefs signed a voluntary safety accord at the White House, the Federal Trade Commission told The New York Post i...
Google's Strongest Model Is Going to Cyber Defenders Before Anyone Else
Alphabet launched Gemini 4 Argon on Wednesday as its most capable model yet — and the first customers are not chat users. They are a close...