Butterfly Effect, parent of AI agent Manus, raised over $500 million led by Boyu Capital and IDG Capital with Tencent and Sequoia China following, doubling its valuation to about $4...
China's securities firms are abandoning commission-driven wealth management for a client-asset advisory model pioneered by China Merchants Bank. The sector-wide pivot reshapes KPIs, organizational structures, and technology spending, with significant...
Chinese tech stocks reversed early gains as optical chip and memory names sold off on pricing pressure, with the ChiNext down over 2% and STAR 50 off 3%. Banks, energy...
Citi argues that Meta Muse and other autonomous AI agents are shifting compute demand from GPUs alone toward CPUs, memory and networking. The bank sees the CPU total addressable market...
OpenAI is rapidly closing the gap with Anthropic in the enterprise AI market, driven by the cost-efficient GPT-5.6 series and Anthropic's data retention policy misstep. With both companies preparing for...
Broadcom is in preliminary talks to arrange about $30 billion in debt financing for OpenAI's custom AI chip purchases, following a $60 billion debt program for Anthropic. The move marks...
Global crypto market capitalization rose 0.34% week-over-week to $2.99 trillion, holding just below the $3 trillion milestone. The flat print signals consolidation and sector rotation rather than capital exit, with...
A profile of US Treasury Secretary Scott Bessent reveals a volatile management style, high staff turnover, and unfulfilled economic promises. With deficits exceeding 6% of GDP and debt surpassing $40...
SK Hynix has picked Goldman Sachs and Morgan Stanley to lead a US IPO of its NAND subsidiary Solidigm, potentially raising about $10 billion. The listing would give investors a...
Top Wall Street firms including Citadel, Five Rings, and Jane Street are racing to lock in summer interns earlier than ever, offering ~$50,000 for 10 weeks with acceptance rates below...
The 10-year US Treasury yield has surged to 5.36%, a 22-year high, as a global bond rout deepens and French sovereign debt becomes a new flashpoint. Wall Street is split...
Meme coins saw explosive gains in the last 24 hours, with TITS up over 5,650% and XDP on Base recording $260 million in volume. Solana and BNB Chain led trading...
Ethereum researcher Justin Drake is urging crypto holders to rotate funds into fresh addresses in a 'bunker mode' migration, citing AI-assisted cryptographic risk. Ledger's CTO pushed back, warning that mass...
Gold and US Treasuries were sold off together, breaking the classic safe-haven playbook. The unifying driver is the real interest rate, which is quietly re-linking gold, bonds, the dollar, and...
Cardano has launched CIP-0113 on mainnet, a native token standard giving issuers freeze, seize, and restriction powers for regulated assets. ADA itself is unaffected, but the move signals Cardano's push...
Nvidia has deployed over $140 billion in transactions and holds a nearly $100 billion equity portfolio, pivoting from chip supplier to AI ecosystem architect. The strategy targets humanoid robotics, autonomous...
Goldman Sachs raised its SpaceX price target to $230, prompting Jim Cramer to argue the move proves analysts are not guessing. The revision highlights the complexities of valuing private companies...
HashKey Cloud will supply node and infrastructure support for Babylon's TBV, letting native bitcoin be used in on-chain applications without wrapping, bridging, or intermediaries. The partnership deepens the push to...
Macro strategist Jim Bianco has turned bullish on U.S. Treasuries after six years, arguing 5% yields now match nominal growth. The shift could ease the opportunity-cost pressure that has weighed...
Vitalik Buterin warns that AI-driven math breakthroughs could weaken lattice cryptography within two years and put ECDSA at risk sooner. The crypto industry must accelerate its migration to quantum-resistant schemes...
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