The U.S. Justice Department has spent nearly a year investigating Andreessen Horowitz over whether partners at the venture capital firm are improperly serving on the boards of competing artificial intelligence companies. Bloomberg News reported on Aug. 17, citing people familiar with the matter, that the inquiry involves Databricks and Fivetran, two data and AI companies
Wells Fargo Investment Institute has changed its Federal Reserve outlook as the debate over another tightening cycle returns. The institute now expects one 25-basis-point increase during 2026 and another increase during 2027. That path would eventually place the federal funds target range at 4.00% to 4.25%. For crypto investors, the change matters through interest rates,
Nasdaq’s announcement that it will extend U.S. stock trading hours to 23 hours a day, five days a week starting in December has drawn sharp reactions from industry observers, with some noting that traditional exchanges are increasingly borrowing from the crypto market’s playbook. What Nasdaq’s Extended Hours Mean The new schedule, which will run from
The tokenized stock segment has expanded to represent 15% of the real-world asset (RWA) market, a threefold increase since the beginning of the year. The market capitalization for tokenized stocks now stands at approximately $2.8 billion, according to a report by The Block. Market Leaders and Distribution Ondo Finance, Binance’s bStocks, and Kraken’s xStocks account
Under its current plan, the proposed Vulcan financing totals $39.4 million and would redeem $33.1 million in senior notes due Oct. 31. Its Aug. 14 quarterly filing said the company would use the financing for that redemption. However, as of Aug. 16, Vulcan had not reported the financing closed. The company, formerly Greenidge Generation, said
Bitcoin returned 87 times over a decade, while only 13% of actively managed US large-cap equity funds beat comparable passive funds’ benchmarks through June 30, according to Morningstar data reported by The Wall Street Journal. That rate rose to 27% over the latest 12 months, and Wall Street has argued that AI-driven dispersion and higher
Neynar is seeking a new team to operate Farcaster, Clanker and its developer platform, cofounder Rish Maheshwari said on Aug. 17. The process comes less than seven months after Neynar acquired the decentralized social protocol from Merkle Manufactory. Maheshwari disclosed the search in an X post. Neynar has not named a prospective operator or provided