Kevin Hassett opposes new bureaucracy for AI approvals, warns it could push innovation to China
Kevin Hassett, the Director of the White House National Economic Council, is pushing back against proposals that would create a…
Category: Financial
Council of Economic Advisers estimates $35B boost from opening 401(k)s to private markets
The White House Council of Economic Advisers thinks it has found a $35 billion idea hiding inside America’s retirement accounts.…
Bitcoin Pulls In $706M as Traders Abandon Short Positions in Massive Sentiment Shift
Digital asset investment products posted inflows of $857.9 million, and extended six straight weeks of positive flows – the highest…
South Koreans Pull $41B From Crypto as Bitcoin Slump Pushes Cash Into Stocks
The total value of virtual assets held by South Korean investors plummeted by over $41 billion in roughly one year,…
Strategy’s STRC Raises $206M To Buy More Bitcoin As ATM Sales Resume
Following an STRC perpetual preferred stock (STRC) becoming $100 par value, Strategy increased its acquisition capacity for Bitcoin again. Monday’s…
Bank of Japan rate-hike pressure grows as oil shock puts Bitcoin at risk
Bank of Japan board members called for swift interest rate hikes if inflation risks from the Iran war and energy…
24 Finance Giants Push Deeper Into Crypto Across Regulated Markets
Major financial institutions are expanding crypto services across regulated finance, with Bitwise data showing 24 firms active in trading, custody,…
Arthur Hayes says AI will wreck the middle class by US midterms election and send Bitcoin ‘parabolic’
Arthur Hayes on Tuesday warned in his essay “The Butterfly Touch” that AI could become one of the biggest political…
Andrew Left faces trial for alleged market manipulation in Los Angeles
Andrew Left, the outspoken short seller behind Citron Research, is headed to a criminal trial in Los Angeles on charges…