Bitcoin Tops $72k After Largest Single-Day Crypto Short Liquidation In History

Crude Slides On Report Saudis Could Restore Half Of East-West Pipeline Flows Within Days WTI futures fell to $101 a barrel around midday in New York after Bloomberg reported that Saudi Arabia could restore roughly half the East-West pipeline's capacity within days. The pipeline, a critical export route bypassing the Strait of Hormuz, has been shut since last week's drone attack. The outlet reported: State-run Saudi Aramco is working to bypass a damaged section on the route that will allow it to resume part of the pipeline's capacity, the person said, asking...

Perfectly Timed AI Panic Resurrects 'Bipartisan AI Safety Bill' A stalled bipartisan artificial intelligence safety bill has suddenly found new life on Capitol Hill - propelled by a combination of dire warnings from inside the industry's leading labs and a brewing grassroots revolt threatening Republicans in key midterm states. According to a new report from Semafor, momentum is building for a Senate regulatory framework just as a conservative-led "AI Data Center Revolt" bus tour hits the road. Spearheaded by Amy Kremer, a Georgia RNC committeewoman and chair of the AI-risk group...

Russian Governors Rush To Deny Fuel Crisis As Rationing Spreads Submitted by Charles Kennedy of OilPrice.com Russia's authorities and regional governors are racing to assure residents there are no fuel shortages amid an intensified Ukrainian drone campaign at Russian refineries and fuel supply roads. Ukraine has stepped up attacks this month on key fuel supply routes in its territories occupied by Russia, including Crimea and Mariupol. Several Russian regions have been experiencing fuel shortages as Ukraine hits Russian oil refineries. Last week, the Moscow Times reported that some gasoline stations in Moscow and...