Fed holds rates at 3.5%-3.75% as Iran war fuels inflation, 4 dissent
The Federal Reserve kept rates steady at 3.5%-3.75% in May 2026, with four dissenting votes—the most since 1992—as Iran war-driven oil prices aggravate inflation. Markets now see a 64% chance of a rate hike by July 2027.
DRAM Prices Surge 90% QoQ as AI Demand Drives Micron Exit from Consumer Market
DRAM contract prices jumped 90-95% QoQ in Q1 2026, with another 58-63% rise forecast for Q2. Micron is exiting its Crucial consumer brand to focus on AI data centers, while a threatened Samsung walkout could worsen short
Cognition raises $1B at $26B valuation, ARR hits $492M
AI coding startup Cognition raised over $1 billion in a round co-led by Lux Capital, General Catalyst, and 8VC, valuing it at $26 billion post-money. The company reports $492 million in annualized revenue, with Devin ent
CFTC approves first US bitcoin perpetual futures at Kalshi, Coinbase on May 28
The CFTC cleared Kalshi and Coinbase to list regulated bitcoin perpetual futures, shifting $2.9T in offshore volume onshore. Hyperliquid generated $800M revenue in 2025.
Bitcoin ETFs See Record $2.8B Outflows as Institutions Shift to AI Stocks
U.S. spot bitcoin ETFs recorded nine consecutive days of net outflows totaling $2.8 billion, with BlackRock's IBIT seeing its largest single-day withdrawal. Bitcoin fell from $80,000 to $73,000 amid institutional realloc
Anthropic's Claude Opus 4.8 beats GPT-5.5 on 12 benchmarks, cuts fast pricing 3X
Anthropic released Claude Opus 4.8 on May 28, 2026, with fast mode pricing reduced 3X to $10/$50 per million tokens. The model beats GPT-5.5 on at least 12 benchmarks and can spawn hundreds of parallel subagents.
Anthropic's $65B Series H: Chip Deals, Claude Opus 4.8 and a $47B Run Rate
Anthropic closed a $65 billion Series H at a $965 billion valuation, exceeding OpenAI's $852 billion. The AI startup also reported a $47 billion revenue run rate and released Claude Opus 4.8.
Mistral AI Targets €1B Revenue, Invests €4B in Data Centers
Mistral AI announced plans to reach €1 billion revenue by 2026 and invested €4 billion in data centers in France and Sweden, expanding into industrial AI with a 120x faster ASML solution.
Fed's Williams: Rates Appropriate as Inflation Seen Easing Later
New York Fed President John Williams said monetary policy is well-positioned, expecting high inflation to ease later this year. Markets now weigh the possibility of a rate hike.
Fed's Williams: Rate Policy Appropriate as Inflation Stays Above 3%
New York Fed President John Williams said current rate policy is appropriate, with PCE inflation around 4% and core above 3%. Markets weigh potential rate hike.
Fed's Williams Sees Policy Appropriate as Inflation Stays Above 3%
New York Fed President John Williams said current interest rates are appropriate despite PCE inflation near 4%, while other officials caution against hiking due to temporary energy shocks.
Jamie Dimon vs Brian Armstrong: CLARITY Act sparks stablecoin war
JPMorgan CEO Jamie Dimon criticized Coinbase CEO Brian Armstrong over stablecoin rewards in the CLARITY Act debate, warning the bill could fail if banks' concerns aren't addressed.
DeepSeek slashes prices 75%, undercutting Anthropic and OpenAI by up to 17x
DeepSeek made its 75% price cut permanent on V4 Pro, making it 7x cheaper on inputs and 17x cheaper on outputs than Anthropic's Claude Sonnet or OpenAI's GPT 5.5-Med. Meanwhile, Anthropic raised $65bn, nearly trebling it
Anthropic raises $65B at $965B valuation, surpassing OpenAI
Anthropic closed a $65 billion Series H at a $965 billion valuation, making it the most valuable AI startup ahead of a planned IPO. Revenue run rate hit $47 billion, driven by Claude Code.
VanEck Tokenized Treasury Fund VBILL Goes Live on Euler DeFi Platform
VanEck's tokenized U.S. Treasury fund VBILL, issued by Securitize, is now available on Euler, allowing investors to use tokenized Treasuries as onchain collateral. The $15B tokenized Treasury market continues to expand.
UK sanctions Huobi, ruble stablecoin issuer in first crypto banking-style crackd
The UK sanctioned 18 entities including Huobi (HTX) and a ruble stablecoin issuer for helping Russia evade sanctions, marking the first use of banking-style rules on crypto exchanges.
Mistral explores custom chips as AI power demand hits 1,000 TWh by 2030
Mistral CEO Arthur Mensch says Europe is lagging in AI infrastructure, as the company invests €4B in data centers and explores designing its own chips to control more of the stack.
Meta Launches WhatsApp Plus at $2.99/Month Amid Texas Encryption Suit
Meta introduces paid tiers for Instagram, Facebook, and WhatsApp, with WhatsApp Plus costing $2.99/month. The launch comes as Texas sues Meta over encryption claims.
JVP exits 4 portfolio cos in Q1, scores 6x return on DealHub
JVP announced four portfolio company exits in Q1 2026, including a more than 6x return on DealHub, valued at hundreds of millions of dollars. The exits span cybersecurity and vertical AI.
Iran War Flips Fed Bets: SOFR Futures Now Price Hikes
Since the Iran war, investors have shifted from expecting Fed rate cuts to bracing for hikes, with SOFR futures showing rising bets. Meanwhile, repo rates briefly hit 3.40%, below the Fed's target range.
Fed's Waller Flags Rate Hike Risk as Inflation Hits 0.4%
Fed Governor Christopher Waller warned inflation is driving policy, with consumer prices rising 0.4% in April. Markets now price in possible rate hikes rather than cuts.
Fed's Musalem warns rate hikes may be needed if inflation persists
St. Louis Fed President Alberto Musalem said the Fed may need to raise its policy rate if inflation doesn't ease within six months, challenging new Chair Kevin Warsh's view that AI will be disinflationary.
Fed's Neel Kashkari Signals Possible Rate Hikes as Inflation Stays Near 4%
Minneapolis Fed President Neel Kashkari reinforced the Fed's inflation fight, with markets now pricing in a potential rate hike within 12 months. Trump has backed off demanding immediate cuts, giving new Chair Kevin Wars
Fed Holds Rates Steady; Kashkari Warns Inflation 'Much Too High'
The Federal Reserve kept rates unchanged at its April 2026 meeting, with Minneapolis Fed President Neel Kashkari citing persistent inflation as the main concern. Derivatives markets now price in a potential rate hike by