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Court Sides With Kalshi and Polymarket Over Minnesota’s August 1 Ban
- Judge Katherine Menendez blocked Minnesota's prediction market ban days before August 1.
- The court found the CEA likely preempts the law for CFTC-registered markets.
- Kalshi reported over 90,000 verified Minnesota users as of May 26.
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The US-Iran Ceasefire Was an Illusion. Markets are Paying the Price
- The US-Iran ceasefire was a temporary pause that left the core disputes unresolved.
- Renewed tensions around the Strait of Hormuz are already hitting oil, shipping, insurance, and global trade.
- Bitcoin and other cryptocurrencies are falling with risk assets as liquidity pressure outweighs the safe-haven narrative.
Microsoft CEO Says Firms That Skip This Step Stop Being Firms
- Nadella says firms without control of their AI data will not remain firms.
- He urges companies to retain model metadata so they can train their own weights.
- The Microsoft CEO advocates for rights protecting AI buyers, not sellers alone.
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AI Memory Stocks on Rocky Ground: 3 Reasons SK Hynix Fell 13%
- SK Hynix fell 13% and Samsung dropped 12% in a broad Asia sell-off.
- Nvidia's reported $250 billion OpenAI financing backstop rattled chip investors.
- China's CXMT listing and new lithography tools deepened competition fears.
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Tom Lee Says the AI Capex Fear Is Actually the Bullish Tell
- Tom Lee says fear over AI capex cuts signals no market top yet.
- Fundstrat's head of research contrasts his view with Steve Eisman's capex warning.
- Lee also expects the Fed to shrink its balance sheet rather than hike rates.
Jim Cramer Says the US Government Is Nvidia’s Silent Backstop
- Jim Cramer says the US government backstops Nvidia's role in the AI race.
- Commerce Secretary Howard Lutnick controls power access for OpenAI's Ohio campus.
- Nvidia is negotiating a $250 billion financing guarantee for OpenAI's data center.
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Crypto Forensics Got Smarter, But AI Scammers Got There First
- Blockchain forensics tools have recovered an estimated $34 billion and are used by 45+ regulators as detection has genuinely improved.
- Yet 2025 crypto scam losses hit roughly $17 billion, with AI-powered scams 4.5x more profitable and impersonation fraud up 1,400%.
- The scams that do the most damage never touch the chain and that's the gap no forensic tool can close.
VC Reportedly Rejected Trump Crypto Venture After Steve Witkoff’s Memecoin Blunder
- Nic Carter says Witkoff could not explain what World Liberty Financial did.
- Carter says Witkoff then warned him about "the big guy's bad side."
- World Liberty says the account is wrong and it never offered a job.
