Anthropic Voids Unauthorized Share Transfers, Triggering Bloodbath In Tokenized Markets

SoftBank Attempt To Get Downsized $6 Billion OpenAi Margin Loan Stalls One month ago, Japanese tech giant SoftBank Group, was forced to downsize plans for a $10 billion margin loan backed by its OpenAI stake after facing hesitation from some creditors. Today, it couldn't even get that done after talks with potential creditors to raise the downsized $6 billion stalled amid rising concerns about the collateral value, Bloomberg reported citing people familiar with the matter.  As a result, the company is now considering various different fundraising options, although it could still move forward...

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires" Rep. Ro Khanna (D-CA) - fresh off endorsing California's November ballot measure to seize 5% of billionaire wealth - published a Substack essay Wednesday titled, no really, "Why I Support a Billionaire Wealth Tax." He makes it roughly a dozen paragraphs before explaining that it isn't one. "The tax should not stop at billionaires, it must reach centimillionaires," Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a...

California's 'Wealth' Tax Is Coming For Everyone Authored by Edward Ring via American Greatness, If you own property in California, you're not safe. A new ballot measure will empower the state to confiscate a percentage of the assets of any resident, even though its initial provisions don't communicate that intent. California's "One-Time Wealth Tax for State-Funded Healthcare, Education, and Food Assistance Programs Initiative," which has already qualified for the November ballot, is even worse than it appears. It's not as if appearances aren't bad enough. The explicit intent of the initiative already...