🗞 Catch up on the news over the last 24 hours!
🚨 GameStop CEO Ryan Cohen is offering $56 billion to acquire eBay, with plans to turn it into a major competitor to Amazon, per WSJ.
🔥 Elon Musk sets his sights on a $10 trillion net worth target after crossing $800 billion, representing roughly 2.7% of the entire US GDP. "$10T or bust."
🔥 Anthropic is finalizing a $1.5 billion joint venture with Blackstone, Goldman Sachs, and Hellman & Friedman to sell AI tools to private equity-backed companies, WSJ reports.
🚨 Crypto Fear & Greed Index drops to 40 (Fear) today, down from Neutral last week.
🚨 The US government's cash balance has hit ~$1 trillion for the first time since April 2021, surging $300 billion in just three weeks.
⚡️ Live audio for the Elon Musk v. Sam Altman/OpenAI trial starts streaming via the U. S. District Court for the Northern District of California’s official YouTube channel.
🔥 Western Union's stablecoin $USDP is now live on Solana.
🔥 Tom Lee's Bitmine adds 101,745 ETH in the past week, bringing total holdings to 5.18M ETH.
🇺🇸 A stablecoin yield compromise is helping move the CLARITY Act forward, allowing usage-based rewards while banning yield on idle balances, with Coinbase CEO Brian Armstrong backing the deal.
🚨 Inflation continues to erode money, with $1 losing nearly half its purchasing power over 30 years, while the same $1 invested in the S&P 500 would have grown to around $20 after inflation.
🔥 Stablecoin volumes could hit $719T by 2035 and up to $1.5 quadrillion with macro catalysts, per Chainalysis.
🇺🇸 Senator Cynthia Lummis urged immediate passage of the Clarity Act, warning that without clear rules, crypto businesses may move overseas.
🔥 Corporate Bitcoin holdings hit 1.15M $BTC in Q1 2026, up 4.6% QoQ, led by buyers like Strategy, MARA, Metaplanet, and other public companies.
🚨 Anthropic and FIS are partnering to build an AI agent that helps banks independently investigate financial crimes, per WSJ.
🇺🇸 Banking trade groups say the CLARITY Act's stablecoin yield language "falls short" of a full prohibition.
🇺🇸 Senators Tillis and Alsobrooks say the stablecoin yield compromise in the CLARITY Act is final, pushing back on banking industry criticism with a joint statement.
"We respectfully agree to disagree."
🚨 "The Big Short" investor Michael Burry has sold his entire GameStop $GME position.
