Polymarket removes long-running markets that let users bet on if a nuclear weapon will be detonated, amid the Iran strikes; a 2025 contract had $1.7M+ in volume
Nuclear weapon-themed markets aren't new on the prediction market platform, but public outcry about the contracts has apparently forced the platform to delete them.
Paolo Ardoino says Tether now holds ~140 tons of gold, worth ~$23B, has been buying one to two tons per week, and plans to keep doing so for the next few months
There are roughly 370,000 nuclear bunkers in Switzerland, a legacy of the Cold War that are now rarely used. One of them, though, is a hive of activity.
Amazon-backed nuclear reactor developer X-energy raised $700M led by Jane Street, taking its total funding to $1.4B, to build 150 SMRs in the US and the UK
Jamie Smyth / Financial Times :
JPMorgan Chase launches a decade-long plan to invest up to $10B in industries critical for US national security, including tech like AI and quantum computing
> into four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced mfng Good for BTQ! https://ww...
Austin-based Aalo Atomics, which is building a modular nuclear reactor to power a data center, set to be completed in 2026, raised a $100M Series B led by Valor
Julia Hornstein / Business Insider :
Amazon reports Q1 revenue up 13% YoY to $143.3B, a $10.4B net income, vs. $3.2B YoY, $15.3B operating income, vs. $4.8B YoY, subscription sales up 11% to $10.7B
but fails to deliver dividend Camilla Hodgson / Financial Times : Amazon cloud sales growth accelerates as group prepares for more AI spending Larry Dignan / Constellation Research : AWS annual revenu...
A look at Anthony Scaramucci's SkyBridge, which went from $9.2B assets in 2015 to $1.8B in 2022, and the FTX deal for a 30% stake in SkyBridge in September 2022
and snowballed beginning in 2018 after Scaramucci, back from Washington, hired a friend from Harvard Law School who's been behind the money-losing push into crypto. https://www.bloomberg.com/... @prof...
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating
This current crypto nuclear bear market marks my third brush with generalised market carnage.
After 3AC's collapse, centralized lenders with 3AC exposure had failed, while their decentralized counterparts liquidated collateral and continued operating
This current crypto nuclear bear market marks my third brush with generalised market carnage. And while they can sometimes feel like reruns …
A deep dive on Tether, which issued 48B coins this year, as regulators struggle to understand its cash reserves, organizational structure, and other details
something money-market funds avoid.” By @ZekeFaux https://www.bloomberg.com/... Daniel Viola / @dannyviola : Great investigation into the likely Ponzi scheme that is Tether: https://www.bloomberg.co...