AI is a murderer!!! Education software company Anthology is preparing a Chapter 11 bankruptcy under which secured lenders will swap their debt for equity, with Veritas and other current shareholders likely to be largely wiped out.
“I see you when I’m so perplexed, what was I thinking, what will I think of next”??? Figure AI, building human-like robots, raised $1 billion at a $39 billion valuation, backed by Nvidia, Intel Capital, and Parkway, making it one of the world’s most valuable VC-backed startups.
Free Money!!! Coinbase launched a new onchain lending product that allows users to lend their USDC stablecoin holdings and earn yields up to 10.8% annually – part of an integration with decentralized lending protocol Morpho and facilitated by Steakhouse Financial.
“Carry on my wayward son, there’ll be peace when you are done”… The SEC approved Grayscale’s Digital Large Cap Fund, the first U.S. crypto ETP, giving traditional investors diversified exposure to major tokens including bitcoin, ether, XRP, solana, and cardano.
“Don’t let the sun go down on me”… Even without subsidies, renewables are the lowest-cost and fastest-deployed U.S. electricity source, driving record solar and wind additions. Federal projections show renewables rising from ~22% of U.S. electricity generation today to ~44% by 2050.
“We are never, ever, ever getting back together”… China’s internet regulator has instructed major Chinese tech firms like Alibaba and ByteDance to cancel pending orders and halt testing of Nvidia’s RTX Pro 6000D AI chips, saying domestic models now match export-controlled alternatives.
“Jump in the mud, oh get your hands dirty”… Remittix’s launch of a Web3 wallet enabling cross-border crypto-fiat conversion highlights how wallets, the entry point into digital assets, are evolving into gateways redefining ownership, access, and identity – transforming participation in the decentralized Web3 economy.
Gee, I wish there was a more efficient way to invest in private secondaries!!! Robinhood has filed to launch a closed-end, NYSE-listed venture fund giving retail investors exposure to late-stage/pre-IPO firms, resembling Destiny Tech100, a pioneering listed fund of 100 private unicorns with NAV-price decoupling risks.
“The stock market never is obvious”… Oracle signed a five-year contract that requires OpenAI to pay them $300 billion on cloud spend beginning in 2027, which sent Oracle stock soaring (adding $100 billion to Larry Ellison’s wealth).
“It’s not unusual to be mad with anyone”… The last time the Fed cut rates with inflation above 2.9% was October 2008; today unemployment is 4.3% (versus a 5.7% average), and the S&P 500 has hit 25 record highs – making rate cuts unusual (easing into strong growth, tight labor, and booming markets rather than crisis).
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