Invesco just bought its way into the tokenized Treasury market with a $900 million acquisition, and the price of admission tells you everything about where this is going.
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The US government just admitted to holding $15 billion in Bitcoin seized from the 2020 hack, and now the lawyers are circling to figure out who actually owns it. The US government revealed it controls $15 billion in Bitcoin originally seized from a 2020 hack worth $3.5 billion, now 4x the value.
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Bitcoin just proved it's not a risk-off asset, and half a billion dollars in short positions learned that the hard way. Bitcoin surged to $71,000, triggering $550 million in short liquidations despite Middle East tensions escalating
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Fidelity just gave institutional air cover to the wildest infrastructure bet in tech: training AI in orbit. Fidelity, a major SpaceX holder, sees viable economics for Musk's orbital data center concept, contingent on Starship reaching full operational capacity
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A solo GP just raised $232M to bet on AI startups, and the size of the check tells you everything about where institutional money thinks the talent is.
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The U.S. just kneecapped stablecoin yields before they could scale, and now we get to watch the real fight over what "money" means in the digital age. The Crypto Clarity Act's latest text prohibits rewards on stablecoin balances, marking a restrictive approach to digital dollar regulation
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Fidelity just validated the most audacious infrastructure bet of the decade: AI data centers in orbit. Fidelity's head of global private equity says SpaceX's orbital data center plan "makes sense", giving institutional cover to what sounds like sci-fi
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Washington just drew a line in the sand for prediction markets, and it's telling you exactly where the regulatory fight will actually happen.
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Google just shipped what OpenAI keeps promising: an AI that orders your lunch while you're doing something else. Gemini now orders Uber rides and DoorDash meals directly from your Pixel or Samsung phone, sending you to the app only to confirm payment. ChatGPT can't do this yet.
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Polymarket just updated its rulebook to ban insider trading and market manipulation, days after signing with Major League Baseball, which means someone finally asked the obvious question about sports prediction markets.
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Elon Musk is betting he can out-manufacture NVIDIA by vertically integrating chip production across Tesla, SpaceX, and xAI. Musk plans to manufacture custom chips for robotics, AI training, and SpaceX's orbital data centers, consolidating production across his empire
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Gimlet Labs just raised $80M to make your AI model chip-agnostic, and if they pull it off, NVIDIA's moat just got a lot narrower. Gimlet Labs closed an $80M Series A to build software that runs AI inference across NVIDIA, AMD, Intel, ARM, Cerebras, and d-Matrix chips simultaneously
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Musk just announced he's building his own chip fab in Texas because TSMC and Samsung aren't moving fast enough for his AI ambitions. Musk unveiled Terafab, an Austin chip factory meant to supply SpaceX, xAI (which just merged), and presumably Tesla's robot push
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OpenAI just hired Meta's ad exec Dave Dugan to run global ad solutions, and the shift from AI research lab to ad platform is now official. OpenAI hired Dave Dugan, a 10+ year Meta ad sales veteran, as VP of global ad solutions
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Europe's rocket startups are learning Silicon Valley's playbook: raise fast, launch faster, and hope the trajectory holds. Isar Aerospace is raising €250 million just as they prep for a critical launch this week
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The Pentagon is 3D-printing cruise missiles for $200,000 that used to cost $2 million, and the factory doing it can switch to making McLaren parts with zero downtime.
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A German observability startup just hit unicorn status by promising to make AI agents actually debuggable. Dash0 raised $110 million at a $1 billion valuation, led by Balderton Capital, to expand its monitoring platform in the US
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The NYSE just removed position limits on Bitcoin and Ether ETF options, and Wall Street's risk desks are about to get very creative. NYSE exchanges eliminated position caps on options for 11 Bitcoin and Ether ETFs, removing a key barrier to institutional volume.
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Cathie Wood just doubled down on the thesis that made her famous—and this time, she's betting the convergence itself is the trade. Ark's Cathie Wood laid out her bull case for AI, robotaxis, CRISPR, bitcoin, and SpaceX as the next wave of compounding innovation
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a16z Crypto just said the quiet part out loud: AI agents will kill the ad-supported internet. a16z Crypto's Sam Ragsdale argues the economic model of the internet is broken, calling for a shift away from advertising as AI agents become primary internet users
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