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[ad_1] From May 27 to 29, some 35,000 people gathered at the Venetian Expo Center in Las Vegas for Bitcoin 2025, the world’s largest annual gathering of bitcoin industry professionals and enthusiasts. As Jacob Silverman reports in a feature dispatch from the conference for Business Insider, “More than anything, Bitcoin 2025 was a victory celebration for an industry that pushed all its chips in behind Donald Trump and the Republican Party during the 2024 election cycle and won handsomely.” This year’s speakers included Vice President JD Vance, Eric Trump and Donald Trump Jr., White House crypto and AI czar David…

[ad_1] Back in 2015, Bezos wanted to launch Trump into orbit after the at-the-time presidential candidate fired shots at Bezos on what was Twitter, now X, calling the Washington Post, which Bezos owns, a “tax shelter,” Bezos responded that he’d use Blue Origin, a space company Bezos founded, to “#sendDonaldtospace.”Times have certainly changed. In January, Bezos said he is “very optimistic” about the administration’s space agenda. Behind the scenes, he has reportedly given Trump political advice, allegedly as early as the summer of 2024, according to Axios.There was a brief flare-up in April, though, after Amazon reportedly considered listing Trump’s…

[ad_1] CNN  —  Much has changed in the crypto landscape over the past year and a half. And with it, so may more investors’ minds about cryptocurrencies — especially bitcoin, the (very young) granddaddy of them all. Crucially, crypto has gained greater acceptance among regulators and large institutional investors as an asset class that is likely here to stay. The Securities and Exchange Commission now regulates spot bitcoin and ethereum exchange-traded funds. Coinbase, the crypto currency exchange, is now on the S&P 500. Stablecoin provider Circle just went public. The Trump administration, meanwhile, is very supportive of crypto, and the…

[ad_1] The winners and losers of the workforce are coming into sharper focus.If you’re looking for roles in healthcare or service work, you may have a very different experience than the white-collar workforce or new grads.Overall, the latest jobs data shows that the labor market isn’t looking too shabby; the number of payrolls added in the Bureau of Labor Statistics’ May report exceeded economists’ expectations, and the unemployment rate held steady.But that doesn’t mean all workers are navigating the labor market with ease. Instead, some are faring better than others. Cory Stahle, an economist at the Indeed Hiring Lab, said…

[ad_1] A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. New York CNN  —  We live in the golden age of grift. Most of us can’t go a day without at least one scammy text about an unpaid toll or a call from an unknown number with a shockingly human-like AI voice on the other side. The scale of the scam onslaught feels like it’s part of some Faustian bargain we all entered into: In exchange for the miracle of, like, access to all the world’s knowledge…

[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is a bond portfolio manager at Barksdale Investment Management and editor of ‘The Credit Investor’s Handbook’The junk bond market has roared back to life, making May the busiest high-yield bond issuance month in the year to date. It was hard to catch a breath from one new issue to the next. This good news for credit investors has a downside — we have to go back to worrying about liability management exercises.LMEs are debt restructurings where one creditor can…

[ad_1] Another week, another blow to London’s capital markets. This time it was the turn of Wise, one of the UK’s brightest tech stars, which announced it would switch its main listing to New York.The move by the £11bn fintech has put the City on fresh alert about the shrinking pool of listed companies and adviser fees in the Square Mile.Advisory firms are now “making more money selling our businesses than listing them, which is devastating for the City from a long-term point of view,” said Charles Hall, head of research at Peel Hunt.Wise’s announcement came hours after Cobalt Holdings,…

[ad_1] Kate Rouch, the chief marketing officer at OpenAI, shared on Friday that she was diagnosed with invasive breast cancer weeks after assuming the role, which she called her “dream job,” in December.In a thread posted on X, Rouch said she was sharing her story to help other women, adding, “We can’t control what happens to us–but we can choose how we face it. My biggest lesson: no one fights alone.”Prior to joining OpenAI as the company’s first CMO, Rouch was CMO at Coinbase and, before that, spent over a decade at Meta, including as vice president, global head of…

[ad_1] The Secretary of Commerce and a Congresswoman just clashed over whether bananas can and should be grown in the US.”There’s no uncertainty if you build in America and you produce your product in America, there will be no tariff,” Howard Lutnick told Rep. Madeleine Dean of Philadelphia during a House hearing on Thursday morning.Dean was saying that for her constituents in suburban Philadelphia, Trump’s tariffs would cause at least a $2,000 a year price increase on goods. She specifically called out the price of bananas and said Walmart has already hiked the price of the fruit by 8%.”We can’t…

[ad_1] Hong Kong CNN  —  US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing a new round of US-China trade talks will be held in London on Monday. Trump made the comments a day after holding his long-awaited phone call with Xi, during which the two leaders agreed to resume negotiations stalled over mutual accusations of violating the truce reached in Geneva last month. For Washington, a major sticking point has been China’s export restrictions on rare earth minerals and magnets, which are essential for everything from…