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Over 50 cryptocurrencies worth over $100 billion in total and making up about 10% of the overall market, are now viewed by the SEC watchdog as securities, according to CCData. Among major players, for example, solana , polygon and cardano have sunk between 23% and 32%. Bitcoin and ether weren't named in the SEC's lawsuit, nor were stablecoins such as tether and USC Coin. By contrast, bitcoin investors who have held their coins for more than five months appeared relatively calm and accounted for just 1.9% of deposit volume. Investment products tracking altcoins have seen positive - albeit small - net inflows this year, in contrast to bitcoin and ether, Coinshares data showed on Monday.

Persons: Vetle Lunde, Ryan Rasmussen, solana, Lucas Kiely, Alex Thorn, Noelle Acheson, James Butterfield, Lisa Mattackal, Medha Singh, Pravin Organizations: U.S, SEC, K33 Research, solana, Securities, Bitwise Asset Management, Reuters Global Markets, Cardano Foundation, Solana Foundation, Reuters, Polygon Labs, Reuters Graphics Reuters, USC, BTC, ETH, Firmwide Research, Galaxy Digital, Pravin Char, Thomson Locations: cardano, altcoins, Bengaluru

☆ Far-right House Republicans just sent gas stove bills up in flames — and it's a warning shot at Kevin McCarthy
▼ + stars: | 2023-06-06 | by ( Sarah Gray | ) www.businessinsider.com time to read: +4 min

Far-right House members are not pleased with House Speaker Kevin McCarthy's debt ceiling compromise. Eleven conservative GOP members nuked McCarthy's bans on banning gas stoves, sending his plans up in flames. The Gas Stove Protection and Freedom Act would have barred the Consumer Product Safety Commission from using federal funds to regulate gas stoves or issue safety guidance that would ban them or make them more expensive. To peel back the layers here: The folks who have championed gas stoves versus induction stoves in the culture wars voted against H.Res. 463 — a procedural vote to establish rules on a floor vote for two gas stove-related bills — to punish McCarthy.

Persons: Kevin, —, Kevin McCarthy, nuked, McCarthy, Matt Gaetz, Chip Roy, Matt Rosendale, Rob Bishop, Ken Buck, Lauren Boebert, Eli Crane, Andy Biggs, Tim Burchett, Ralph Norman, Bob Good, Steve Scalise, Caucus —, Gaetz, Farnoush Amiri Organizations: Service, Caucus, Gas, Protection, Product Safety, US Department of Energy, Biden White, H.Res, NBC, North Carolina Rep, Colorado, Colorado Rep, Arizona, Tennessee, South Carolina Rep, House Republicans, Gaetz Locations: Florida, Texas, Montana, Arizona, Virginia

☆ Air travel to be disrupted by 'very frustrating' supply chain issues, IATA's Willie Walsh says
▼ + stars: | 2023-06-05 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +1 min

Supply chain issues will impact air travel in 2023, IATA director general says. Juliette Michel | Afp | Getty ImagesAir travel will be affected by "very frustrating" supply chain issues this year, according to Willie Walsh, director general of the International Air Transport Association, as he discussed the challenges facing the aviation sector this year. And we're already seeing that," Walsh told CNBC's Dan Murphy. A scarcity of air traffic control staff is also likely to be a problem in 2023, Walsh said. "The challenges we expect to see in the short term are outside of our control, and they principally relate to shortages, in resources in air traffic control," Walsh said.

Persons: Juliette Michel, Willie Walsh, Walsh, CNBC's Dan Murphy, We've Organizations: Afp, Getty, Air, International Air Transport Association, Boeing, Airbus Locations: U.S, United States, Europe

Guardia Civil/Handout via REUTERSMADRID, June 1 (Reuters) - Spanish police raided three clandestine tobacco factories early this year, seizing nearly 40 million euros ($44 million) worth of tobacco leaf and illicit cigarettes. This operation is one of dozens across the EU that regional policing and anti-fraud agencies say have driven seizures of illicit cigarettes to record levels. It may have been further accelerated by the war in Ukraine, which for years has been a production hub and transit route for illicit tobacco, OLAF added. TOBACCO INVESTIGATORSThe industry has responded by hiring investigators to research illicit operations and share intelligence with European authorities, executives at Japan Tobacco, BAT and Imperial Brands told Reuters. "A good many workers from Ukraine have been found in these illegal factories," Japan Tobacco's Byrne said about counterfeiting operations across the EU.

Persons: who'd, OLAF, Cyrille Olive, Philip Morris, Olive, Europol, Vincent Byrne, Byrne, Japan Tobacco's Winston, Alex McDonald, Ernesto Bianchi, McDonald, Japan Tobacco's Byrne, They're, they're, Richa Naidu, Emma Pinedo, Emilio Parodi, Matt Scuffham Organizations: Guardia Civil, REUTERS, Spanish, EU, BAT, Imperial Brands, Japan Tobacco, Philip Morris International, Reuters, Marlboro, America's Dunhill, Supplies, Investigators, Mobile, Thomson Locations: Seville, Spain, Guardia, REUTERS MADRID, Alfaro, Europe, Ukraine, British American, France, Netherlands, Portugal, Slovenia, Denmark, Czech Republic, Ireland, Japan, China, Asia, EU, Russia, Belarus, Roda de Ter, Barcelona, Spanish, Italy, Pomezia, Russian, Moldovan, London, Madrid, Milan

☆ Why bots make it so hard to buy Nikes
▼ + stars: | 2023-06-01 | by ( Sydney Boyo | ) www.cnbc.com time to read: +3 min

Sneaker bots can accelerate the checkout process, wait in a virtual line or even fill out billing information. Sneaker bots took off in 2012, when Nike released its Air Jordan Doernbecher 9 shoes on Twitter. According to Nike, bots can make up to 10% to 50% of entries depending on demand. "People are successfully able to still bot Nike SNKRS," said Nova. Watch the video to learn more about sneaker bots and how companies like Nike are handling them.

Persons: They're, Nova, Jesper Essendrop, Essendrop, Imperva, Paul Tonko, Richie Roxas, I'm, Travis Scott Organizations: scalpers, Cowen Research, Nike, Jordan, Twitter, YouTube, Adidas, Air Jordan, CNBC Locations: Olive

☆ Nicaragua dissident Felix Maradiaga and Berta Valle on fighting for justice and family life
▼ + stars: | 2023-05-31 | by ( Melissa Mahtani | ) edition.cnn.com time to read: +15 min

Many were accused of treason or involvement in “illicit activities” for having contact with foreign journalists or human rights’ organizations that the Ortega regime views as a threat. He gave me, for example, the name of our international human rights lawyer, Jared Genser, who became my angel through all of this. Both spoke at the Geneva Summit for Human Rights and Democracy in May, where Maradiaga was awarded the 2023 Courage Award. Those Nicaraguans who only are asking for the protection of basic human rights and human dignity. “After all this work that we do as human rights defenders, there’s a private life that also has to be taken care of.

Persons: CNN — It’s, Felix Maradiaga, –, Maradiaga, Berta Valle, Berta, I’m, Washington ’, ”, “, Félix, Daniel Ortega –, Ortega, ” Maradiaga, ‘, ’ Maradiaga, Daniel Ortega, Ned Price, ” Price, Valle, Jared Genser, It’s, he’s, “ It’s, Alejandra, ” Valle, Nicaragua –, I’ve, that’s, Pope Francis, Adolf Hitler, Vladimir Kara, Murza, pic.twitter.com, —, there’s Organizations: CNN, State Department, Nicaraguan, Geneva, Human Rights, Democracy, US State Department, Dulles International Airport, UN, Oslo Freedom, Catholic Church, Central American, National Assembly of Locations: United States, Valle, Nicaragua, Washington, Miami, American, Nicaraguan, Oslo, National Assembly of Nicaragua, China, Hong Kong, Venezuela, Cuba, Afghanistan, Ukraine, “

☆ Is Goldman Sachs' partnership losing some of its shine?
▼ + stars: | 2023-05-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: two of its high-profile partners exiting the bank. (In fact, he made our annual list of rising stars on Wall Street in 2020.) That begs the question: Has Goldman Sachs' partnership lost some of its luster? And here's a running list of partners who have left Goldman Sachs under David Solomon. According to The Wall Street Journal, many of the industry's power players aren't looking forward to Biden-Trump part II.

Persons: Dan DeFrancesco, I'm, we've, Wall Streeter, Goldman Sachs, Sayonara, Goldman, Fred Baba, Dina Powell McCormick, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, David Solomon, Jane, Powell, Fred Baba's, Steve Cohen, Point72, Beth Abramson, Jeffrey Cane, Nathan Rennolds Organizations: JPMorgan, Bloomberg, Wall Street, Goldman, MSD Partners, Street, Biden, Trump, Financial Times, Nvidia, Netflix, LinkedIn Locations: NYC, Australia, New York, London

☆ Reports of 2 high-profile Goldman Sachs' partners exiting the firm as more layoffs are seen on the horizon
▼ + stars: | 2023-05-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

News broke Tuesday of two high-profile Goldman Sachs partners leaving the bank. It hasn't been smooth sailing at Goldman Sachs in recent months. As if all that wasn't enough, the leadership at Goldman Sachs had another cross to bear on Tuesday: news breaking of two of its high-profile partners exiting the bank. The exits come amidst a difficult few months for Goldman Sachs, which has seen a change in strategy, a reorg, disappointment over bonuses, and layoffs. Which begs the question: Has Goldman Sachs' partnership lost some of its luster?

Persons: Goldman Sachs, Fred Baba, Dina Powell McCormick, David Solomon, Baba, George Floyd, Jane Street, Powell McCormick, Donald Trump, She's, Goldman alums, Byron Trott, Gregg Lemkau, Jane, Goldman, Powell Organizations: Morning, Goldman, Bloomberg, Wall Street, MSD Partners, Street

☆ In Cold War Berlin, an Affair Born of Chaos and Control
▼ + stars: | 2023-05-29 | by ( Dwight Garner | ) www.nytimes.com time to read: +2 min

Hans, a 50-something novelist and high-minded writer for radio, is handsome and rangy, and he looks fine with a cigarette. If “Kairos” were only a tear-jerker, there might not be much more to say about it. Clinging to the undercarriage of her sentences, like fugitives, are intimations of Germany’s politics, history and cultural memory. Her work has attracted star translators, first Susan Bernofsky and now the poet and critic Michael Hofmann. “Kairos” — the title refers to the Greek god of opportunity — is her earthiest novel to date.

☆ Big Lots says its decision to accept Bed Bath & Beyond coupons is drawing more 'dislocated' shoppers to the struggling discount retailer
▼ + stars: | 2023-05-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Big Lots is one of many retailers that have accepted Bed Bath & Beyond coupons at their stores. Big Lots president and CEO Bruce Thorn said the retailer is trying to pick up 'dislocated' BBBY customers. For Big Lots, a discount furniture and home decor retail chain that's been wrestling with its own financial problems, Bed Bath & Beyond's pain has been its gain, per Big Lots executives. He said Big Lots also plans to focus on "other companies that unfortunately have gone out of business." The Container Store, JoAnn, and Sur La Table have also been accepting Bed Bath & Beyond coupons in hoping to attract new customers.

☆ MLB roundup: Aaron Judge helps Yankees stun Reds
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +10 min

Jake Fraley and Spencer Steer hit RBI singles before Luke Maile hit a two-run homer in the fourth to give Cincinnati a 4-1 lead. George Springer hit a two-run homer for Toronto and Danny Jansen added a solo shot. Spencer Torkelson went 2-for-4 with a two-run homer for the Tigers, who head into Sunday's rubber match having dropped two of their past three contests. Diamondbacks 4, Pirates 3Pavin Smith's go-ahead, two-run homer in the seventh lifted visiting Arizona to a win over Pittsburgh. The Seattle offense was led by Eugenio Suarez, who was 2-for-4 with a two-run homer and three RBIs.

☆ Federal Reserve officials are growing skeptical over suspending rate hikes
▼ + stars: | 2023-05-19 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Some officials are concerned inflation isn’t cooling fast enough, which could prompt an 11th consecutive rate hike when policymakers meet in June. Federal Reserve Board Chair Jerome Powell and former Federal Reserve Board Chair Ben Bernanke (R) participate in a discussion at the Federal Reserve Board building in Washington, DC, May 19, 2023. Saul Loeb/AFP/Getty ImagesEarlier this month, Fed officials voted unanimously to raise the benchmark lending rate by a quarter point to a range of 5-5.25%, while signaling a possible pause ahead. Of course, Fed officials’ thinking on monetary policy could drastically change if the United States defaults on its debt, which could happen as soon as June 1. Fed officials always mention that their views on interest rates largely depend on what economic indicators show, resisting taking an absolute stance on how they will vote.

☆ The latest sign Linda Yaccarino could be Elon Musk's choice for Twitter CEO? She just resigned from NBCUniversal.
▼ + stars: | 2023-05-12 | by ( Sindhu Sundar | Lauren Johnson | ) www.businessinsider.com time to read: +3 min

Yaccarino is reportedly Elon Musk's likely candidate to replace him as Twitter's CEO. Linda Yaccarino is leaving NBCUniversal on the heels of reports that she's the likely contender to replace Elon Musk as Twitter's CEO. She was a key contributor to NBCU's push into streaming TV, with the rollout of the ad-supported version of streaming service Peacock in 2020. Under Yaccarino, NBCUniversal has offered to let advertisers buy ads using non-Nielsen ratings from competitors like VideoAmp and iSpot.tv. Mark Marshall, another longtime NBCUniversal ad exec and formally president of ad sales and client partnerships, will take over Yaccarino's role on an interim basis, NBCUniversal said.

☆ Bitcoin slides after network congestion leads Binance to briefly halt withdrawals
▼ + stars: | 2023-05-08 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Monday's drop came after Binance tweeted Sunday that the Bitcoin network was "experiencing a congestion issue" and that it was temporarily closing bitcoin withdrawals as a result until the network stabilized. Some market participants have argued that the Bitcoin network is stable and Binance should have prepared for a high-fee environment on Bitcoin. Our team has also been working on enabling BTC Lightning Network withdrawals, which will help in such situations." "There is an increasing demand for BRC-20 tokens which include transferring digital collectibles on Bitcoin network," said Oppenheimer analyst Owen Lau. On May 1, about 50% of bitcoin transactions were BRC-20 mints, Thorn highlighted in a note Friday.

☆ Bitcoin pulls back to start May as First Republic Bank saga comes to an end
▼ + stars: | 2023-05-01 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Cryptocurrencies took a dip on Monday to start the week and new month as investors bet the takeover of First Republic Bank could put an end to the financial crisis, which has been the biggest driver of this year's bitcoin rally. Bitcoin fell about 4.2% to 28,137.76 to start the week and new month, according to Coin Metrics. Last week, the price of bitcoin rallied in the final week of April as troubles at the bank unfolded. "It's unclear whether the banking crisis narrative can continue to be a boon for bitcoin," said Alex Thorn, head of firmwide research at Galaxy. "Bitcoin and ether started 2023 inorganically cheap, allowing for plenty of room to move higher off a low-base effect," Thorn said.

☆ He Was a Quant at Citadel. Now He Agitates for GameStop Investors.
▼ + stars: | 2023-04-28 | by ( Alexander Osipovich | ) www.wsj.com time to read: 1 min

Dave Lauer was once a quant at hedge fund Citadel. Now he is a thorn in the side of Wall Street in a battle over how individual investors’ trades are handled in the U.S. stock market. Mr. Lauer is the co-founder of We the Investors, an advocacy group that draws much of its energy from apes—investors active on social media who tend to favor meme stocks such as GameStop Corp. and AMC Entertainment Holdings Inc.

☆ Here's where you can use Bed Bath & Beyond coupons now
▼ + stars: | 2023-04-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bed Bath & Beyond’s competitors are coming to the rescue of customers looking to use expired coupons issued by the failed retailer. Big Lots said Thursday that it’s “assisting shoppers nationwide” by accepting expired Bed Bath & Beyond coupons until May 7. Bed Bath & Beyond coupons are being accepted at other stores. History of Bed Bath & Beyond’s couponsBed Bath & Beyond introduced its oversized coupon for 20% off a single item three decades ago. Now that the company is going through a liquidation process, Bed Bath & Beyond said it’s the end of the road for the coupons.

WASHINGTON, April 27 (Reuters) - West Virginia Governor Jim Justice launched his campaign on Thursday for the Republican nomination to challenge Democratic U.S. Senator Joe Manchin, a moderate who has been a constant thorn in his party's side. Justice, 72, has repeatedly changed parties, most recently in 2017 when he switched his registration to Republican after being elected as a Democrat in 2016. Manchin has been a key vote on every major piece of legislation of Biden's tenure, as a moderate representing an increasingly conservative state. Justice, a coal-mining billionaire, would first need to win a Republican primary against U.S. Representative Alex Mooney to become his party's nominee to challenge Manchin in 2024.

☆ Tucker Carlson’s departure won’t change Fox News
▼ + stars: | 2023-04-25 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

But if history is any guide, there’s one thing we can count on: Cutting Tucker Carlson loose is not a sign that Fox is ready to change its ways. He regularly brought fringe, racist talking points such as the “great replacement” conspiracy theory into the mainstream. The content on “Tucker Carlson Tonight” made “The O’Reilly Factor” look like “Leave It to Beaver.”That strategy wasn’t a new one for Fox. “There will be a new Tucker Carlson, and it’s a good bet he or she will be even worse,” wrote David A. Graham in The Atlantic. Tucker Carlson, left, and former President Donald Trump, talk while watching golf.

On that unredacted form, Kacsmaryk reported owning about $2.9 million in stock in the Florida-based supermarket company Publix. Federal judges are only required to report financial holdings in ranges, and don’t have to provide exact figures. One possible source of the Publix stock Kacsmaryk reported in 2017 is the judge’s grandmother. In 2020 and 2021, less than 4% of officials required to file judicial financial disclosures requested redaction, according to reports from the Administrative Office of the US Courts. In any case, experts said, the judge’s redacted report prevents transparency that litigants deserve.

☆ Opinion: Why expelling me from the legislature backfired on Tennessee Republicans
▼ + stars: | 2023-04-12 | by ( Justin J. Pearson | ) edition.cnn.com time to read: +7 min

Editor’s Note: Tennessee Rep. Justin J. Pearson is a Democrat and former community activist in Memphis. And yet, calls for common sense gun reform measures fall on deaf ears in our legislature where a Republican supermajority is wildly out of step with most people’s values. People in Tennessee aren’t even required to purchase a permit to publicly carry guns in the state of Tennessee. And we are required by the Tennessee State Constitution to object to policies injurious to the well-being of our constituents. My constituents sent me to the Tennessee State House to continue this work in their name.

Bolsonaro's electoral outlook contrasts sharply with former U.S. President Donald Trump, another right-wing populist who challenged the results of his failed re-election campaign. Bolsonaro never conceded his narrow defeat in the October election and continues to question the reliability of Brazil's voting system. RISING CONSERVATIVE STARSStill, conservative powerbrokers allied with Bolsonaro are ready to reshuffle the deck for the next election cycle. He said a TSE decision to bar Bolsonaro from running would only boost the ex-president's political appeal. Any right-wing substitute could win with his endorsement, he added, while side-stepping the high rejection rates Bolsonaro faced as a candidate last year.

☆ AI image generators' latest challenge? Depicting unicycles.
▼ + stars: | 2023-04-06 | by ( Will Gendron | ) www.businessinsider.com time to read: +3 min

The latest thorn in AI art generation's side? It turned out the image was made using the AI text-to-image program Midjourney, ringing the alarm bells surrounding the growing capabilities of AI image generators and the resulting possibility for the spread of misinformation. But while AI art generators can depict a very true-to-life Pope, they still struggle with other images — including, it seems, unicycles. Stable Diffusion 2The technology not only seemed to have trouble depicting unicycles themselves, but also humans' interactions with them. Human hands had previously given AI image generators trouble.

☆ GOP billionaire who funded Clarence Thomas's vacations has also given thousands of dollars to Kyrsten Sinema and Joe Manchin
▼ + stars: | 2023-04-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +4 min

GOP megadonor Harlan Crow has been secretly funding lavish vacations for Justice Clarence Thomas. But he's also given thousands to Democrats who've stymied the party's agenda at various times. Joe Manchin and Kyrsten Sinema, as well as Reps. Josh Gottheimer and Henry Cuellar. According to federal campaign finance data, the Texas billionaire has given $16,800 to Rep. Josh Gottheimer of New Jersey since 2018, contributing thousands as recently as October 2022. For his part, Crow told ProPublica in a statement that he and his wife "have never sought to influence Justice Thomas on any legal or political issue."

☆ How Disney and DeSantis started feuding
▼ + stars: | 2023-04-04 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

Ron DeSantis won praise from the right for retaliating against Disney for its CEO’s decision to (rather timidly) wade into the public discourse over a contentious state law. In that first round of Florida’s GOP vs The Walt Disney Company, DeSantis landed a body blow that ultimately cost Disney CEO Bob Chapek his job. DeSantis signed the bill into law, and then set his sights on punishing Disney for daring to challenge him. “This essentially makes Disney the government,” said Ron Peri, a DeSantis pick for the new board, last week. Last week, Iger announced Disney would lay off 7,000 people as part of a $5.5 billion cost-reduction plan.

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