When AI Agents Trade with AI Agents, Price Discovery Dies

Short-Seller Andrew Left Found Guilty In High-Profile Market Manipulation Jury Trial Andrew Left, the founder of Citron Research and a well-known figure in the short-selling community, was convicted on 13 of 17 counts following a three-week federal trial in Los Angeles, according to Bloomberg. Prosecutors alleged that between 2018 and 2023, Left used public stock recommendations and social media posts to influence market prices while privately trading in ways that contradicted his public statements. Authorities estimate the scheme generated more than $20 million in profits. Patrick Grandy, Assistant Director in Charge of...

Coinbase Now Lets UK Users Borrow Against Their Bitcoin And Ethereum Via Decrypt.co, Coinbase launched crypto-backed USDC lending for U.K. users on Monday. Bitcoin holders can borrow up to $5 million in USDC, with Ethereum-backed loans capped at $1 million. The service uses Morpho, an open-source lending protocol on Ethereum layer-2 network, Base. Crypto exchange Coinbase has expanded its lending service, now allowing U.K. customers to borrow USDC stablecoins using their Bitcoin or Ethereum holdings as collateral. The service operates through Morpho, an open-source lending protocol on Base—the Coinbase-backed Ethereum layer-2 network—that powers Coinbase's crypto-backed loans. U.K. users can pledge cryptocurrency as...

Europeans Pay The Most For Public Transport Creating and maintaining reliable, efficient and affordable public transportation networks is crucial for developing a more sustainable mobility sector worldwide, though challenges vary by region. In Europe, gaps are most evident in rural areas, where low population density limits service frequency. In North America, many cities also suffer from fragmented public transport systems, making car dependency widespread in both rural and urban areas. In Latin America and South Asia, semi-formal systems such as minibuses are an important and affordable part of transport networks, but often lack reliability and...