Bitcoin (BTC)

Norway’s Sovereign Wealth Fund Boosts Bitcoin by 192%

Norway’s sovereign wealth fund, the world’s largest state-directed fund, has significantly increased its indirect exposure to Bitcoin (BTC), according to crypto research firm K33 Research. Over the past year, the fund’s holdings surged by 192%, now encompassing 7,161 BTC through investments in companies like Strategy, Metaplanet, and crypto exchange Coinbase. The fund currently holds over…

Read More
OpenAI

GPT-5 Model Router Faces User Backlash as OpenAI Reintroduces Legacy AI Options

OpenAI’s GPT-5 launch last week aimed to simplify ChatGPT with a unified AI model and a “model router” to automatically select the best responses. CEO Sam Altman envisioned eliminating the complicated model picker, offering a seamless AI experience for users. But early reactions suggest GPT-5 isn’t living up to expectations. Updates to ChatGPT: You can…

Read More
Trump

Trump Administration Streamlines $5B EV Charging Fund to Boost Infrastructure Rollout

The Trump administration has finally issued updated guidance to unlock $5 billion in electric vehicle (EV) charging infrastructure funding, ending months of delay and controversy. This move aims to expedite the National Electric Vehicle Infrastructure (NEVI) program, part of the Bipartisan Infrastructure Law, by easing previous requirements that stalled construction nationwide. Background: Funding Freeze and…

Read More
Society for Worldwide Interbank Financial Telecommunication (SWIFT)

SWIFT Payment System Explained: The Backbone of Global Finance

In an interconnected global economy where trillions of dollars flow across borders daily, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) serves as the invisible infrastructure enabling secure international financial communications. SWIFT processes over 42 million messages daily, facilitating transactions among more than 11,000 financial institutions worldwide, making it one of the most critical systems…

Read More

“Don’t Bet Against the Dollar”: Goldman Sachs Warns of Painful Fallout for Short Sellers

Key Takeaways: Despite the U.S. dollar’s year-to-date slump and increasing pressure from global currency traders, Goldman Sachs’ Kunal Shah says shorting the dollar could prove costly. The Co-CEO of Goldman Sachs International (GSI) believes recent market dynamics and macroeconomic resilience reinforce the greenback’s strength — and a pullback could leave dollar bears exposed. Dollar Declines,…

Read More

Goldman Sachs and BNY Mellon Launch Tokenized Money Market Funds in $7.1 Trillion Industry Shift

Key Takeaways: Goldman Sachs and Bank of New York Mellon (BNY Mellon) have created a platform for tokenized money market fund investments. The initiative enables large investors to access digital versions of traditional cash-equivalent funds, recorded on Goldman’s blockchain ledger. Major Fund Managers Join the Blockchain Push Backed by heavyweights like BlackRock, Fidelity Investments, Federated…

Read More
Tesla Shares

Tesla Stock Plunges 9% as EV Sales Decline and Musk Warns of “Rough Quarters” Ahead

Key Takeaways: Tesla shares dropped sharply on Thursday after the electric vehicle maker reported disappointing second-quarter results and warned of further turbulence ahead. CEO Elon Musk signaled that the company could face “a few rough quarters” following the expiration of key federal EV tax credits and amid mounting global competition. Auto Sales Slide Amid Intensifying…

Read More
Andreessen Horowitz

Andreessen Horowitz (a16z) Leads $15M Seed Round for Poseidon’s Decentralized AI Data Platform

Key Takeaways Venture capital giant Andreessen Horowitz (a16z) has invested in Poseidon, a startup building a decentralized data infrastructure aimed at solving one of AI’s most pressing challenges: access to high-quality, legally compliant training data. Poseidon raised $15 million in a seed funding round to build its “full-stack decentralized data layer,” developed atop the IP-centric…

Read More
US Job Market

US Job Market Shows Mixed Signals as Trump Administration Policies Create Uncertainty

The US job market delivered a stronger-than-expected performance in June, adding 147,000 jobs and pushing unemployment down to 4.1%. However, beneath the headline numbers lies a more complex picture of economic uncertainty driven by the Trump administration’s trade and immigration policies. Job Growth Concentrated in Select Sectors Despite beating expectations of 117,500 new jobs, the…

Read More
Back To Top