Business

Tom Lee says SpaceX, OpenAI and Anthropic IPOs could reshape markets

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Tom Lee, president of Bitmine Immersion Technologies and co-founder of Fundstrat, doesn’t expect the next wave of mega IPOs to derail markets, even though it could eclipse the entire dot-com boom. Lee recently discussed the potential effect of listing SpaceX, Anthropic and OpenAI, which could release billions of dollars in new shares onto the public […]

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SEC Commissioner Peirce objects to view that crypto rule favors synthetic tokens

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The U.S. Securities and Exchange Commission’s long-awaited rule allowing the tokenization of securities — a change that could have profound effects on financial markets — faced the controversial perception that it would allow synthetic tokens, but one commissioner took the unusual step of issuing statements on the unpublished rule to potentially counter those views. SEC

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Why Minnesota is empowering local banks to fight Wall Street for crypto revenue

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Minnesota financial institutions can no longer afford to stand on the sidelines as Wall Street aggressively seizes digital asset infrastructure, leading to a legislative push at the state level to end deposit flight and insulate the local economy, a local lawmaker and banker told CoinDesk. “Over the past several years, I have consistently heard concerns

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Trump Media Moves Another $205 Million Into Bitcoin As Crypto Betting Losses Hit $455 Million

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Trump Media & Technology Group (DJT), the parent company of Truth Social, transferred an additional 2,650 bitcoins BTC$76,705.48 to Crypto.com in a move likely to intensify scrutiny of the company’s troubled cryptocurrency strategy. At current market prices, the transfer is worth approximately $205 million, with bitcoin trading at approximately $77,341 per token. Blockchain data shows

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Tom Emmer dismisses law enforcement concerns over Clarity Law

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Latest developments: Emmer joined CoinDesk’s The Policy Protocol and said the Senate’s bipartisan movement on the Clarity Act shows that crypto legislation still has momentum despite growing uncertainty in Washington. Emmer pointed to the Senate Banking Committee’s 15-9 vote in favor of the bill, arguing that support extended beyond Republicans. He said the House has

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Congress hits Polymarket and Kalshi with massive insider trading probe

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The U.S. House Oversight Committee plans to open an investigation into the largest prediction market platforms over suspicions that government employees may exploit classified information for personal gain. Rep. James Comer, R-Ky., chairman of the House Oversight and Government Reform Committee, is reviewing the internal records of Polymarket and Kalshi CEOs to determine whether government

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Bitcoin continues to hold near $77,000 ahead of Kevin Warsh joining the Fed

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As has been the case all week, bitcoin (BTC) is trading in a tight range around the $77,000 level during morning action in the United States. There was some economic news Friday morning, and it wasn’t pretty. The University of Michigan’s consumer confidence index for May fell to a record low of 44.8 from 48.2

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AI infrastructure race heats up as IREN outlines full-stack strategy and WhiteFiber lands $160M deal

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IREN (IREN) co-founder Daniel Roberts laid out an ambitious vision for the company as a vertically integrated AI infrastructure platform in a lengthy article on Friday, arguing that the biggest bottleneck in artificial intelligence is no longer chips, but physical infrastructure. “The demand for AI is growing exponentially. Infrastructure is not,” Roberts writes, pointing to

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