Trump Media agrees to merge with Google-backed fusion energy company TAE in a $6B deal and build the “world's first utility-scale fusion power plant” in 2026
NOTE: Our Forums and CMS and RSS were nixed when our host updated Perl … Liz Hoffman / Semafor : America is becoming the world's dumb money Dominic Preston / The Verge : Trump Media is merging with a ...
How H-1B workers from India and other countries help the US remain dominant in tech, as some on the new “Tech Right” discover MAGA's racial-nationalist bigotry
Can't say I did not see this coming, tbh. — x.com/LauraLoomer/... @thetnholler : In-fighting : “The new MAGA coalition has officially had its first internal debate - over H-1b visas. It started whe...
Sam Bankman-Fried asks for a new trial in an appeal to the 2nd Circuit US Court of Appeals and directly attacks US District Judge Lewis Kaplan for alleged bias
and never changed his mind— was Michael Lewis. Jacob Shamsian / @jayshams : truly I don't really understand why advice-of-counsel was excluded. because the lawyers were fooled by SBF? seems like a q f...
A look at Elon Musk's claims in his OpenAI lawsuit, which seeks to open up GPT-4's source code, end Microsoft's exclusivity, and stop OpenAI's for-profit work
Matt Levine / Bloomberg :
A look at SEC's hilariously grudging approval of bitcoin ETFs and the likelihood that they will be “physical” ETFs or interest-paying ETFs in the future
Matt Levine / Bloomberg :
FTX co-founder Gary Wang testifies that Alameda Research had “special privileges” that afforded a $65B line of credit, of which the firm ultimately withdrew $8B
and then lied about it Owotunse Adebayo / Cryptopolitan : FTX co-founder makes shocking revelation at SBF's trial New York Times : New Details About FTX Emerge as Bankman-Fried's Trial Begins Chimaman...
The Ripple ruling implies securities laws protect only sophisticated investors, the opposite of the US stock market's rule, and seems likely to work out poorly
Crypto tokens are securities unless you are anonymously dumping them on retail investors. LinkedIn: Kelvin Low . Twitter: @smdiehl , @matt_levine , @exlawyernft , @ben_mckenzie , @mcuban , @panekkkk ,...
Elon Musk says Twitter has temporarily limited verified accounts to reading 10K posts/day, unverified 1K, and new unverified 500, due to “extreme” data scraping
Censorship Expert Says Musk ‘Has Stepped on a Rattlesnake’ Jonas Mäki / Gamereactor UK : Twitter stops data collection by adding lots of restrictions Brayden Lindrea / Cointelegraph : Elon Musk impose...
Big firms want to trade crypto with the structure of traditional finance, including orders intermediated by brokers and asset custody separate from the exchange
Matt Levine / Bloomberg :
By capitalizing on crypto lending services' high interest rate promises, 3AC's founders played the bubble perfectly, getting rich as 3AC's lenders went bankrupt
Matt Levine / Bloomberg : Mastodon: @carnage4life@mas.to . Tweets: @business , @rr_edmonds , and @matt_levine Mastodon: Dare Obasanjo / @carnage4life@mas.to : A fun but cynical take from Matt Levine....