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US Treasury Secretary Presses Senate To Pass Crypto Market Structure Legislation
US Treasury Secretary Presses Senate To Pass Crypto Market Structure Legislation
Authored by Micah Zimmerman via BitcoinMagazine.com,
Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is essential to securing U.S. financial leadership and protecting the dollar’s status as the world’s reserve currency, using an appearance before the Senate Appropriations Subcommittee on Financial Services and General Government to amplify a push for legislation that has stalled on Capitol Hill for months.
Bessent testified at a hearing reviewing President Donald Trump’s Fiscal Year 2027 budget request for the Department of the Treasury. During the...
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Apr 15, 2026 / Tyler Durden
OpenAI's Stratospheric Valuation Draws Investor Scrutiny As It Scrambles To Capture Enterprise Market
OpenAI's Stratospheric Valuation Draws Investor Scrutiny As It Scrambles To Capture Enterprise Market
OpenAI, fresh off the largest private fundraising round in history, is facing mounting questions from some of its own backers over its $852 billion valuation and a whiplash-inducing pivot in strategy that prioritizes the higher-margin enterprise market at the expense of its consumer crown jewel - all because Anthropic is starting to drink their milkshake with enterprise contracts.
The company raised $122 billion last month from Silicon Valley and global capital - including SoftBank, Amazon, Nvidia, Andreessen Horowitz, Sequoia Capital and Thrive...
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Aug 7, 2026 / Tyler Durden
Meet The Lab-Leak Proponent Set To Take Fauci's Old Job
Meet The Lab-Leak Proponent Set To Take Fauci's Old Job
Authored by Paul D. Thacker via The DisInformation Chronicle,
Politico reported that physician-scientist Steven Quay is going through final vetting to take over Tony Fauci's job at the NIH, reporting that aligns with rumors I've been hearing from sources inside the administration for several months. Quay sat for an interview with me on the DisInformation Chronicle podcast last June to talk about changes NIH should make to ensure we don't have another pandemic caused by dangerous virus research, and I ran...
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Jun 22, 2026 / Tyler Durden
Nadella's Hedge: Microsoft Wants To Make AI Models Cheap - Then Own The Rails They Run On
Nadella's Hedge: Microsoft Wants To Make AI Models Cheap - Then Own The Rails They Run On
The entire AI capital cycle - roughly $700 billion in hyperscaler capex this year, an estimated $2 trillion-plus through 2028 - is collateralized by one belief: that intelligence is scarce, and therefore priceable. That belief is already under strain. Per-token inference prices have fallen on the order of 200× in a year, and the only thing holding revenue up is volume; the cost of intelligence is dropping even as the cost of deploying...
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