Business / Finance
Crypto Long & Short: Where DeFi yield really comes from (and why it broke this spring)
In this week's Crypto Long & Short, Solstice Finance's David Plisek argues that most of the money lost in DeFi this spring wasn't taken by hackers but by yield strategies that qui…
US treasury doubles debt buyback to steady bond market amid inflation fears
Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond marketThe US treasury is doubling its buyback of government debt in …
HSBC, Standard Chartered execute first live banking transaction on Swift’s 24/7 ledger
The cross-border transaction is Swift’s first in a pilot project as it tests settlement in its push to remain relevant as stablecoins and tokenized deposits become widely used wor…
US retail giant receives $1bn boost from tariff refunds
The US chain said it received a $994 million pre-tax reimbursement, which resulted in its second quarter operating income rising to $2.6bn.
Spirit Airlines Cards Converting to Bank of America Customized Cash
Current Free Spirit accounts will be transitioned to the Bank of America® Customized Cash Rewards credit card.
Cantor opens Kalshi prediction markets to thousands of institutional clients
The investment bank will help its roughly 3,000 institutional clients execute large block trades in event contracts.
Morning Minute: SEC Brings Clarity to Crypto
If the proposed rules are formalized, it could lead to an ICO boom in the U.S.
From pillow speakers to acoustic headbands, five weird sleep products our writers have tested
Whether you’re having difficulty falling asleep or looking for a deeper rest, this pillow, eye mask and other products are tried and tested by our staffThis story was originally p…
Monzo down as some users unable to make card payments or transfers
The digital bank said it was "rolling out a fix and moving quickly" to get the service working again
Did someone wearing Meta Glasses film you today? Are you sure?
People say they’ve been secretly filmed in their own home, at concerts and at work. Are the wildly popular smartglasses the final nail in the coffin of personal privacy?“I’ve had …
Track defect found near derailment site - report
Initial findings from an RAIB investigation show an "irregularity" at the site near Lewes.
Afghanistan’s grape harvest is turning into raisins — literally — as exports collapse
Border closures with Pakistan have crushed Afghanistan's fruit exports, forcing farmers to dry their grapes into lower-priced raisins
Calls for urgent law change as UK’s largest water reuse system cannot be switched on
Recycling system in Cambridgeshire that could save thousands of litres a day is deemed not in line with rulesThe largest water reuse system in the UK, which could save thousands o…
Lewes derailment: images show track defect before incident on hottest day
Network Rail and Southern owner GTR apologise after investigators reveal picture of possible heat-buckled track Rail operators have apologised after a report into last Thursday’s …
Chinese InsurTech Firm Zhibao Adds 2,380 Bitcoin in $154.7M Treasury Pivot
The Shanghai-based InsurTech firm closed a $154.7 million private placement funded entirely in crypto, with investors contributing Bitcoin directly rather than cash.
200,000 fake AI ‘victims’ deployed to scam bait online fraudsters
Apate’s 200,000 fake AI ‘victims’ are so good at scam baiting, the company has a monthly KPI for how many F-bombs scammers drop at the infuriating bots.
SEC regulatory proposal marks ‘important’ step forward from ‘inapt’ crypto rules: Commissioner Peirce
“Crypto mom” Hester Peirce praised the SEC’s proposed crypto regime, published days after the Senate failed to pass the CLARITY Act, the US’ first comprehensive industry framework.
Freefall: A Reckoning for Boeing review – like a horror movie … only this is real life
In 2022, Rory Kennedy exposed the aviation safety scandal in which 346 people died – but since then, a plane door has blown out mid-flight and more whistleblowers have come to the…
Mortgage Rates Today, Wednesday, August 19: A Little Lower
Mortgage interest rates have been idling a bit this week as the Iran conflict has been relatively muted.
Strengthen the Clarity Act
The American Bankers Association seeks to strengthen the Clarity Act, not kill it, argues Rob Nichols, president and CEO of the ABA.
Beyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility
The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized institutional loans.
Exclusive: Replit taps OpenAI’s low-cost Luna model for new ‘Free Mode’
An 80% reduction in the cost of tokens for OpenAI's Luna allowed Replit to roll out the new service, which despite its 'free' name, still requires a monthly subscription.
Unitree, famous for its dancing robots, surges by 460% on its trading debut, lifting valuation to $66 billion, far ahead of U.S. competitors
The Hangzhou-based startup, founded in 2016, has quickly become something akin to a national champion in China's robotics sector.
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
The Rivian spinoff just raised $150 million to build autonomous vehicles for moving people and packages—not just pedalers.