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The Joy of Markets: Wall Street Bathes in the Light, but Darkness Is Creeping In
Barrons.com1d agoneutral
The Joy of Markets: Wall Street Bathes in the Light, but Darkness Is Creeping In

Bob Ross, perhaps America’s most prolific artist, created more than 30,000 portraits over his long career in television through simple techniques, a narrow array of colors, and a gentle mannerism. A similar approach to financial markets this summer, however, would be terribly difficult to replicate. Stocks are flying off the shelves, bonds are warning of massive economic and inflation risks while simultaneously discounting Federal Reserve rate hikes, and volatility readings are at the lowest levels of the year despite myriad geopolitical risks.

Solana is about to cut transaction finality by nearly 99%
TheStreet1d agoneutral
Solana is about to cut transaction finality by nearly 99%

Solana is about to get significantly faster. A major upgrade expected to land in September will cut transaction finality from 12.8 seconds to approximately 150 milliseconds, a reduction of nearly 99% that developers say will make the network feel almost instantaneous for end users. The ...

Reuters1d agoneutral
Joshua Kushner's Thrive Capital discloses $215 million Amazon stake

Joshua Kushner's Thrive Capital held Amazon shares worth about $215 million as of ‌the end of June, a regulatory filing showed ‌on Friday, adding to the venture capital firm's list of ​tech and AI investments. Known for its early investments in companies that have gone on to dominate their sectors, including OpenAI, SpaceX and Stripe, the venture capital firm has ‌been looking for ⁠opportunities in large technology companies to expand its public-market holdings. • Thrive held 904,038 Amazon ⁠shares valued at $215.5 million as of June 30, the filing showed.

JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns
The Wall Street Journal1d agoneutral
JPMorgan Ended Banking Relationship With Polymarket Over Regulatory Concerns

JPMorgan Chase ended its banking relationship with prediction market Polymarket last October over regulatory concerns, according to people familiar with the matter. The move adds fuel to fights in Washington over debanking and growing nationwide scrutiny of prediction markets’ business practices, though the bank still maintains some ties to Polymarket and other prediction-market companies. A Polymarket spokesman said the company maintains “a close, active relationship with JPMorgan across multiple entities.”