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8/6
16:09
Grindr CEO George Arison stated that the company's AI strategy is paying off, with engineering output increasing roughly 2.5 times between July 2025 and April 2026 without a significant increase in headcount. This productivity gain, which would have otherwise required 200 additional engineers and $60 million in annual costs, makes the projected $6 million annual spend on AI tokens a "no-brainer." The LGBTQ-focused dating platform reported Q2 revenue of $138 million, up 33% year-over-year, and raised its 2026 full-year revenue guidance to approximately $540 million. Its new AI-powered "Edge" companion, priced as high as $350 per month in test markets, was initially expected to attract only top-tier subscribers but has seen adoption from a wider range of users, including non-subscribers, indicating consumer willingness to pay for AI experiences. Subscriber retention has also remained stron
16:04
Crypto trading firm Wintermute has obtained a broker license, marking its entry into regulated Wall Street. The move is part of a broader trend of digital currency firms expanding into traditional finance services, with Wintermute specifically aiming to challenge established market makers like Jane Street and Citadel.
15:55
An analysis suggests that former President Trump's reported repeated phone calls to Fed Chairman Kevin Warsh, treating him as an ally, could complicate the central bank's efforts to demonstrate independence on inflation and interest rates. This marks a shift from Trump's previous contentious relationship with Warsh's predecessor, Jerome Powell. While the White House states Trump respects Warsh's independence, and Warsh himself has affirmed his willingness to hear from the President while making his own decisions, market commentators have already questioned Warsh's credibility after his recent press conference. Former Treasury Secretary Timothy Geithner warned that Warsh might have to take more aggressive action than otherwise necessary to prove the Fed's independence if inflation spikes, potentially slowing the economy to make a political point.
15:54
Kathleen Allman, mother of the late Ondo Finance founder Nathan Allman, has filed a verified complaint in the Delaware Court of Chancery, alleging that Ian De Bode improperly assumed the CEO role after her son's death in May without board approval. Allman, as the personal representative of Nathan's estate, claims a controlling voting interest in the company and the authority to reconstitute its board. De Bode stated that Allman's claims are meritless and that the company maintains support from key stakeholders and investors. Ondo Finance specializes in bringing traditional financial products onchain, with its ONDO governance token reflecting a market value of nearly $2 billion.
15:29
This update includes the acceptance of a proposal to automate the expansion of account data size when modifying Solana programs, and a discussion on prohibiting self-withdrawal from vote accounts to address an existing vulnerability. Additionally, the Agave client has undergone more consistency work in instructions, VM syscalls, serialization, and transaction execution, and has improved Leader Turbine's broadcast caching and routing table reconstruction. The Firedancer client has implemented snapshot creation functionality and will support QUIC datagrams for enhanced performance. The Mithril client is also synchronizing with Agave's consistency suite.
15:26
Micron Technology's stock erased its intraday losses and clawed back, bucking the broader memory-chip selloff that saw shares of Sandisk and Western Digital decline.
15:14
Armstrong explained that Coinbase leverages a common platform, encompassing custody, licenses, exchange liquidity, stablecoin, and fiat integrations, to power all its products. This approach allows the company to serve diverse customer segments, including retail, advanced traders, businesses, institutions, and developers, while working towards its mission of increasing economic freedom.
15:12
Base creator Jesse Pollak stated that under new leader Jordan "Cobie" Fish, the Base app will broaden its scope to incorporate assets and features from other blockchains, shifting away from its previous focus on the Base ecosystem. Pollak will now refocus on the underlying Base blockchain, which is seeing growing demand across tokenization, trading, payments, and financing, with nearly $5 billion in DeFi assets and over $1 billion in daily trading volume. Pollak views recent blockchain launches from companies like Robinhood and Stripe as "validation" of Base's strategy.
15:02
Gold and silver prices dropped, snapping two- and three-day winning streaks, respectively.
15:01
Previously, Chipotle stopped serving jalapeños in some restaurants due to a salmonella investigation. Analysts pointed out that historical experience shows that the impact of foodborne illnesses on restaurant sales is often temporary, and Chipotle seems to have handled the issue quickly, so no long-term damage to the brand is expected.
14:58
Oksana Aronov, head of alternative fixed income strategies at JPMorgan Chase Asset Management, said in a Bloomberg interview that central banks are expected to raise interest rates if inflation continues to rise. She also discussed the impact of U.S. Treasury issuance on market volatility.
14:52
EY-Parthenon believes the labor market remains stable and is unlikely to shift the Fed's focus, even after Friday's jobs report. The firm states that only broader, more persistent inflation or a meaningful reacceleration in hiring would justify further rate hikes. Wall Street expects July payrolls to rise 83,000.
14:34
Iranian Parliament Speaker Ghalibaf stated that "theater diplomacy" will not work, criticizing U.S. tactics. He described the U.S. approach as using "bullying + broken promises + fake news as leverage," calling it a "failed strategy." Ghalibaf urged the U.S. to acknowledge facts and fulfill its commitments, adding that more "theater" is not needed.
14:27
A genomic language model has created the first synthetic viruses, demonstrating its huge potential to redesign organisms such as bacteria.
14:26
US spot Bitcoin ETFs have seen a week-long streak of inflows, coinciding with the Coldcard wallet exploit. A Bloomberg analyst noted the surge but stated the link between the two events remains unclear, fueling debate over whether some investors are shifting away from self-custody.

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