The US Treasury Department, State Department, and Federal Housing Finance Agency stop using Anthropic's AI products; the State Department will switch to OpenAI
The U.S. Treasury Department, State Department and the federal housing agency are terminating all use of Anthropic products …
Sources: amid negotiations with the DOD, Anthropic submitted a bid to compete in a $100M DOD contest to develop voice-controlled, autonomous drone swarming tech
Anthropic PBC was among the artificial intelligence companies that submitted a proposal earlier this year to compete …
The Anthropic-DOD skirmish is the first major public debate on control over frontier AI, and institutions behaved erratically, maliciously, and without clarity
On Anthropic and the Department of War — I. — A little more than a decade ago, I sat with my father and watched him die.
The Anthropic-DOD skirmish is the first major public debate on control over frontier AI, and institutions behaved erratically, maliciously, and without clarity
On Anthropic and the Department of War — I. — A little more than a decade ago, I sat with my father and watched him die.
Sources: OpenAI agreed to follow US laws that have allowed for mass surveillance in the past, and the DOD didn't budge from its demands over bulk analyzing data
On Friday evening, amidst fallout from a standoff between the Department of Defense and Anthropic, OpenAI CEO Sam Altman announced …
PayPal names HP CEO Enrique Lores as CEO, replacing Alex Chriss on March 1, and reports Q4 revenue up 4% YoY to $8.68B, below estimates; PYPL closes down 20.3%
PayPal Holdings Inc. said HP Inc. Chief Executive Officer Enrique Lores will take the top job from Alex Chriss …
Amazon plans to cut ~16,000 roles across the company as part of an ongoing effort to reduce organizational layers and bureaucracy, after cuts in October 2025
Amazon plans to cut ~16,000 roles across the company as part of an ongoing effort to reduce organizational layers and bureaucracy, after cuts in October 2025
I want to let you know that we're making additional organizational changes across Amazon that will impact some of our teammates.
Artemis Analytics: total stablecoin transaction volumes rose 72% YoY to a record $33T in 2025, led by Circle's USDC at $18.3T and Tether's USDT at $13.3T
Stablecoin transactions reached unprecedented heights last year, buoyed by favorable policy in the US under pro-crypto President Donald Trump.
Trump Media, owner of Truth Social, plans to distribute a new token to shareholders with partner Crypto.com, expected to operate on the Cronos blockchain
Emily Nicolle / Bloomberg :
Stripe launches Open Issuance, a Bridge-powered platform that lets companies create its own stablecoins, used by crypto wallet Phantom to issue its CASH token
a new stablecoin created with stripe + bridge w/ baked in developer rewards, stripe merchant support, and new phantom $ features, launching on solana. [video] Ryan Rasmussen / @ras...
Sources: Tether is in talks to raise $15B to $20B in exchange for a ~3% stake through a private placement in a deal that could value the company at ~$500B
Tether Holdings SA, issuer of the world's largest stablecoin, is in talks with investors to raise as much as $20 billion …
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit
from a misunderstood/opaque offshore stablecoin to a $169B market leader, now pioneering financial innovation in the U.S. Excited for the Tether America launch event. [image] @cowb...
Fiserv aims to launch its own stablecoin by the end of 2025 and partners with PayPal and Circle to develop new products for financial institutions and merchants
Emily Mason / Bloomberg :
Google Cloud suffered an outage on Thursday, affecting many of its customers; Cloudflare, Spotify, Discord, Snapchat, and others experienced service disruptions
Large swaths of the internet went down on Thursday, affecting a range of services, from global cloud platform Cloudflare to popular apps like Spotify.
Circle's stock soared 168% on Thursday, closing at $83.23, after the stablecoin company priced its NYSE IPO at $31 and raised almost $1.1B in the offering
Shares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.
Circle's stock soared 168% on Thursday, closing at $83.23, after the stablecoin company priced its NYSE IPO at $31 and raised almost $1.1B in the offering
Shares of Circle Internet Group soared 168% on Thursday after the stablecoin company and its selling shareholders raised almost $1.1 billion in an initial public offering.
NFT marketplace Magic Eden and the TRUMP memecoin team announce the “Official $TRUMP Wallet” and open a waitlist; Trump's sons deny any involvement or knowledge
UPDATE, June 3 at 3:00pm: Following publication of this story, Magic Eden pushed out its announcement for the Trump Wallet at 1:35pm.
The US Senate advances the GENIUS Act, a stablecoin bill, after a group of Democrats dropped their opposition on May 19, a major victory for the crypto industry
Stablecoin legislation overcame a procedural blockade in the US Senate, marking a major victory for the crypto industry …
Coinbase says hackers accessed data of a “small subset” of users, but not credentials, expects to incur $180M-$400M in costs, and refuses to pay a $20M ransom
and the investigators who saw it coming Sead Fadilpašić / TechRadar : Personal information leaked in Coinbase cyberattack, cost could be $400 million Bloomberg : Coinbase Hack Coul...