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OpenAI CEO Sam Altman has proposed giving 5% of the company’s equity to a U.S. sovereign wealth fund, the Financial Times reported on Thursday, citing two people familiar with the matter. Under the proposal, other AI companies would donate similar stakes, although significant questions remain about the specifics. According to the FT’s reporting, the donation…
Anthropic has filed documents to create a new political action committee — a sign that, like its peers, the AI lab is committing significant resources toward influencing policy and regulation. AnthroPAC plans to make contributions to both parties during the midterms, including to current D.C. lawmakers and rising political candidates. The PAC will be funded…
Pinterest’s CEO, Bill Ready, has called for governments to ban social media for users under 16 in a new Time op-ed. He’s now one of the few top CEOs to call for such a restriction, as nations worldwide begin to implement or consider ways to limit children’s online time, and exactly how to verify ages. …
ICE (U.S. Immigration and Customs Enforcement) has now become the No. 3 most-blocked account on Bluesky, after receiving its official verification on Friday, according to third-party trackers. Bluesky users, unsurprisingly, are angry about the government account being hosted on the platform. Many are recommending that others block the account directly or subscribe to a block…
Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has been speaking out against crypto debanking. The US Senate has confirmed crypto-friendly lawyer Mike Selig as the new chair of the Commodity Futures Trading Commission and has elevated Travis Hill to chair the…
The crypto market corrected as a shake-up in the Trump administration’s Fed chair pick spooked traders, and growing US macroeconomic challenges led investors to risk-off. Key takeaways: Leverage surges in the crypto market, with $527M in liquidations in 24 hours, signaling growing caution among traders. Tighter liquidity and rising AI debt risks push traders to…
Abu Dhabi is anchoring Bitcoin for institutions, while Dubai builds payments, stablecoins and Web3 use cases into daily commerce. The United Arab Emirates is not trying to choose between Bitcoin and broader crypto. Instead, it is deliberately building both in different cities and for different stages of adoption. Abu Dhabi, the capital of the UAE,…
Bitcoin’s reaction to FOMC decisions often conflicts with traders’ predictions. Will today’s Federal Reserve interest rate outcome lead to a rally or sell-off? Bitcoin (BTC) price surged above $94,000 on Tuesday, a day before the Federal Open Market Committee (FOMC) interest rate decision, and history suggests that traders should brace for volatility. Throughout 2025, BTC’s…
It was only last month when Jack Mallers, CEO of Bitcoin payments company Strike, accused JPMorgan of closing his personal accounts without explanation. JPMorgan CEO Jamie Dimon has denied debanking customers based on their religious or political affiliation and stated that he has actually been working to change the rules surrounding debanking for over a…
Georgia explores putting its public registry on the Hedera blockchain and tokenizing real estate through blockchain-integrated government infrastructure. Georgia’s Ministry of Justice has signed a memorandum of understanding (MoU) with the public blockchain network Hedera, as it considers moving the country’s land registry onchain and tokenizing real estate. According to a Monday announcement from the…