From 12-Day Church Occupation to Anthropic's 800-Seat Office: King's Cross's AI Glow-Up
London's King's Cross was once a hotbed of drugs and sex work — now it's ground zero for OpenAI and Anthropic thanks to the "DeepMind effect," with rents up nearly 20% in three years and a fierce talent war heating up.
Bitcoin ETFs Pull In $853M in a Week — But Nearly 80% Came From BlackRock Alone
Spot bitcoin ETFs posted their biggest weekly net inflow since mid-April in the week ending August 7, with BlackRock's IBIT alone accounting for $693 million. The flows are highly concentrated, and year-to-date, the category is still sitting on a net outflow of $4.5 billion.
An Unsigned Hawkish Memo Just Moved Up the BOJ's Rate-Hike Timeline
The summary of opinions from the July meeting, released on August 10, carries no names attached — yet it's forcing markets to recalculate the Bank of Japan's rate-hike schedule. The shift in tone, from "the risk of waiting is minimal" to calls for a substantial hike, matters more than the numbers themselves.
Payrolls Miss Big, S&P Hits Record High—But Bitcoin Can't Even Muster a 0.02% Move
July nonfarm payrolls unexpectedly shed 23,000 jobs instead of adding them, propelling the S&P 500 to a fresh all-time high—yet Bitcoin and Ethereum barely blinked. Instead, it was short sellers who got crushed hardest in $171 million worth of liquidations.
World Liberty Took $100M From a Backer Now Under UK Money Laundering Investigation
Businessman Guren "Bobby" Zhou wired $100 million to World Liberty, pulling the crypto project into an ongoing investigation. He hasn't been charged, but UK authorities confirmed the case was still active as of late July.
Bitcoin Crashes Through $62K to Two-Week Low, Analysts Warn August Could Echo 2022 Bear Market
Bitcoin tumbled 3.5% in a single day, breaking below $62,000, while South Korea's KOSPI posted its biggest single-day gain ever. U.S. stocks and crypto failed to catch the rally, even as July closed out as Bitcoin's best month in four years.