Trump family’s $2.3B crypto windfall matched by $2.25B in investor losses, Reuters finds
President Donald Trump’s family has turned crypto into one of the most lucrative businesses tied to its name, outpacing some of the companies that spent years building the digital asset market. Between the post-election momentum of November 2024 and April 2026, ventures tied to the US President generated roughly $2.3 billion in pretax crypto income, […] The ...
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Legacy sportsbooks are chasing prediction markets that already trade billions each month
DraftKings told investors on June 9 that its prediction markets business is scaling fast, and the market liked what it saw. The company's Form 8-K reported that May 2026 annualized consumer volume in its Predictions offering rose 24% month over month to $1.3 billion, while annualized total volume traded climbed 34% to $3.1 billion. Shares […] The post Legacy...
Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?
Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid […] The post Are 24/7 CME Bitcoin futures a...
Anthropic's pre-IPO shares fall as US government shuts down its most powerful AI model
A jailbreak report prompted Washington to pull Fable 5 and Mythos 5 from all users. Anthropic complied but pushed back hard, saying the finding sets a standard that would halt the entire AI industry....