OpenAI is in advanced discussions with Amazon, Microsoft, and Nvidia for a colossal investment round that could total up to $60 billion, according to reports from The Wall Street Journal and The Information. This multibillion-dollar fundraising effort, part of a larger capital raise that could reach $100 billion, is unfolding as the ChatGPT developer prepares for a potential fourth-quarter initial public offering. The move aims to finance OpenAI’s staggering computing infrastructure ambitions, which CEO Sam Altman has signaled will require spending “hundreds of billions of dollars” over time on data centers and specialized chips.
about Amazon, Microsoft, Nvidia Eye $60B OpenAI Investment Ahead of IPOWall Street Journal
0 in Finance and 0 in Crypto last weekJPMorgan Launches $100M Tokenized Money Market Fund on Ethereum
In a landmark move for traditional finance, JPMorgan Chase has launched a private tokenized money market fund on the Ethereum blockchain, seeding the product with $100 million of its own capital. This initiative, offered through JPMorgan Asset Management, represents a significant acceleration in Wall Street’s adoption of public blockchains to meet growing institutional demand for on-chain yield and faster settlement.
about JPMorgan Launches $100M Tokenized Money Market Fund on EthereumFed Rate Cut Sparks Bitcoin $100K Speculation Amid Market Optimism
The Federal Reserve’s decision to cut interest rates by 25 basis points has injected fresh optimism into the cryptocurrency market, with analysts debating whether this monetary policy shift could propel Bitcoin toward the $100,000 milestone. While historical patterns warn of potential short-term declines, experts point to unique market dynamics, including the end of quantitative tightening and potential future easing, that could support a sustained rally for the world’s leading digital asset.
about Fed Rate Cut Sparks Bitcoin $100K Speculation Amid Market OptimismUS Stock Futures Fall on Fed Rate, Government Spending Worries
US stock futures declined sharply in Friday’s premarket trading as Wall Street grappled with dual concerns about Federal Reserve policy uncertainty and the economic implications of the newly signed government spending bill. The negative sentiment overshadowed corporate developments at Walmart and potential White House action on tariffs, reflecting ongoing market sensitivity to monetary and fiscal policy directions.
about US Stock Futures Fall on Fed Rate, Government Spending WorriesRivian Lays Off 600 Workers Amid EV Market Slump
Rivian Automotive Inc. is laying off 600 employees in a desperate bid to preserve cash as the electric vehicle market faces a severe downturn. The struggling NASDAQ-listed company, once hailed as a Tesla challenger, now battles collapsing sales, intense competition, and a stock price that has plummeted 90% over five years. CEO R.J. Scaringe described the workforce reduction as a difficult but necessary move for survival, though Wall Street remains skeptical about the company’s ability to secure more than a tiny share of the U.S. EV market.
about Rivian Lays Off 600 Workers Amid EV Market SlumpU.S. Eyes Quantum Computing Stakes, Stocks Surge
The Trump administration is reportedly considering taking equity stakes in leading quantum computing companies to bolster U.S. technological leadership. This potential government intervention has sparked double-digit stock surges across the quantum sector, reversing recent declines. However, the Commerce Department denies any ongoing negotiations with the companies involved.
about U.S. Eyes Quantum Computing Stakes, Stocks SurgeGold & Bitcoin Rise Together in Debasement Trade
In a surprising convergence of traditional and digital assets, both gold and Bitcoin are experiencing simultaneous appreciation driven by the powerful dynamics of the debasement trade. This phenomenon, where investors flee to alternative assets amid currency concerns, is creating unprecedented opportunities for those seeking to preserve value outside traditional financial systems. As the Wall Street Journal has documented, this flight to hard assets represents a fundamental shift in investor behavior that benefits both established and emerging safe-havens.
about Gold & Bitcoin Rise Together in Debasement TradeSEC Probes Crypto Treasury Firms Over Insider Trading
U.S. regulators are investigating multiple digital asset treasury companies for potential insider trading linked to cryptocurrency acquisition plans. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are examining suspicious trading activity that preceded official crypto purchase announcements. This scrutiny highlights growing concerns about market transparency as corporate crypto adoption accelerates.
about SEC Probes Crypto Treasury Firms Over Insider TradingSEC Probes Crypto Treasury Leaks, Insider Trading Risks
U.S. regulators are investigating potential leaks and insider trading linked to corporate crypto treasury announcements. The SEC and FINRA have contacted firms after identifying unusual trading activity before digital asset strategy disclosures. The probe focuses on whether material non-public information was selectively shared or traded upon, raising significant legal and reputational risks for companies adopting this increasingly popular financial strategy.
about SEC Probes Crypto Treasury Leaks, Insider Trading RisksUS-China TikTok Deal: Oracle-Led Control Proposed
The United States and China are finalizing a groundbreaking agreement that would restructure TikTok’s American operations under Oracle-led oversight, addressing years of national security concerns while potentially reshaping the competitive dynamics of the social media landscape. This arrangement, reported by The Wall Street Journal, represents a significant compromise between the world’s two largest economies over technology sovereignty and data governance.
about US-China TikTok Deal: Oracle-Led Control Proposed$513M Crypto Token Unlocks: SOL, APT, TRUMP Impact
Between September 8-15, cryptocurrency markets face a significant supply test with $513 million in token unlocks from major projects. Solana leads with $104 million worth of SOL releases, though representing just 0.09% of supply, coinciding with positive sentiment from its recent Alpenglow upgrade. Aptos follows with $48 million in APT tokens amid modest weekly gains, while Trump token (TRUMP) prepares a $41 million unlock alongside reports it constitutes a major portion of the Trump family’s paper net worth. Notably, Story Protocol’s IP token defies the trend with recent all-time highs despite its own $20 million unlock. The unlocks coincide with potential Dogecoin ETF developments and occur against a backdrop of varied performance across these assets, creating a critical test for market absorption capacity and price stability.
about $513M Crypto Token Unlocks: SOL, APT, TRUMP ImpactBillionaire Heiress Loses $80M in Psychic-Led Crypto Bet
Taylor Thomson, an heiress to the Thomson Reuters media and financial empire, has filed a lawsuit against her former best friend Ashley Richardson after losing more than $80 million in cryptocurrency investments. According to a Wall Street Journal report, the investments were made based on advice from a celebrity psychic and other spiritual consultants. Richardson managed over $140 million of Thomson’s crypto portfolio during the 2021 bull market across multiple wallets. The lawsuit alleges that the psychic-influenced investment strategy led to massive losses, turning what appeared to be a friendship-based financial arrangement into a multi-million dollar legal battle that underscores the dangers of mixing speculative assets with unverified advisory sources.
about Billionaire Heiress Loses $80M in Psychic-Led Crypto Bet