In brief Elon Musk predicts AI will surpass the combined intelligence of humanity within about five years. He says humans are unlikely …
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Markets
Memory and semiconductor stocks lose momentum, bitcoin rebounds in sign of changing investor focus
by shayaanby shayaanAfter dominating markets in 2026, AI-tied memory and semiconductor stocks are losing momentum, raising the question whether capital will shift back into …
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Regulation
Crypto Investors Could Lose Key Tax Advantage Under New House Proposal
by shayaanby shayaanHouse Proposal Would Bring Crypto Trades Under Wash Sale Restrictions House Budget Chairman Jodey Arrington (R-TX) on June 17 issued a press …
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Markets
Ethereum Exchange Reserves Lose 475,000, Is The Red Month Of June A Time To Buy?
by shayaanby shayaanScott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, …
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STRC, a dividend-paying preferred stock that Strategy (formerly MicroStrategy) founder Michael Saylor has outrageously promoted as a competitor to high-yield bank accounts, …
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Incumbent Democratic Representative Brad Sherman, who is considered to be one of the most vocal anti-crypto politicians in Washington, is facing a …
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Markets
Crypto traders betting on a rally lose $563 million in liquidations. Ether and bitcoin suffer the most
by shayaanby shayaanEther and bitcoin led liquidations, as their prices dropped on macroeconomic concerns. www.coindesk.com
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Markets
Crypto longs lose $500 million as bitcoin slides to $78,000, SOL and XRP down 5%
by shayaanby shayaanA long-skewed liquidation cascade flushed leverage across the major tokens overnight, with the move tracking a global bond selloff and the worst …
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Smart Contracts
Lose Your Job to AI? New York Lawmaker Proposes ‘AI Dividend’ Stimmy
by shayaanby shayaanIn short New York Assembly Member Alex Bores has proposed an “AI dividend” tied to AI-powered job displacement. Payments would kick in …
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Regulation
JPMorgan Chase, Citi and Wells Fargo Lose $5,606,000,000 to Bad Loans in Just Three Months
by shayaanby shayaanThree of America’s largest banks are writing off a combined $5.6 billion in bad loans in the first quarter as US credit …