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🌐NEW: Hyperion DeFi reported record Q2 profit of $31 million, more than triple the previous quarter, as the value of its HYPE holdings rose to $133 million.
🚨UPDATE: Boltz says a group of veteran Bitcoiners will take over the project after AI assisted attacks forced it to suspend swaps earlier this month.
All three original founders have stepped down as the new team works to restore the service.
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🚨NEW: The SEC is preparing an innovation exemption that could allow tokenized US stocks to trade on blockchain platforms around the clock, with details potentially coming as soon as Friday.
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🧑⚖️JUST IN: The Blockchain Association backs Custodia Bank’s Supreme Court petition challenging the Fed’s power to deny eligible state chartered banks access to master accounts.
Source: @EleanorTerrett
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⚡NEW: SEC staff says it would not recommend enforcement action against Franklin Templeton over a proposed custody setup for its blockchain based OnChain U.S. Government Money Fund.
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Silicon Valley’s Other China Problem: It’s Training Their AI
The same Silicon Valley startups supplying OpenAI, Anthropic and the U.S. government are also selling AI training datasets to Chinese labs building cheaper models that rival their American customers.
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Mark Walter’s Lakers Sale To Josh Kushner Prompts Conspiracy Theories As Walter Faces Federal Fraud Probe
This Billionaire Made $360 Million Selling His Psychedelic Company To Eli Lilly
Twelve years ago, Christian Angermayer took a mushroom trip that inspired him to try to create FDA-approved medicines from psychedelic drugs. Now Big Pharma is making a $2.8 billion bet on his vision.
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American colleges are estimated to have up to 112,000 fewer international students next year, which may mean billions in lost revenue and 40,000 fewer jobs. (Photo: Getty Images)
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A decade ago, Melanie Alder and David Wright were reselling fridge magnets online from her living room. Today, they’re Utah’s newest billionaire couple.
