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BlackRock Brings $2.5B Crypto Collateral Fund To OKX

BlackRock is pushing deeper into crypto market infrastructure by bringing its roughly $2.5 billion tokenized money market fund to OKX, turning idle exchange collateral into a yield-bearing asset while Standard Chartered holds the underlying assets in regulated custody. The arrangement lets eligible clients use tokens of the BlackRock USD Institutional Digital Liquidity Fund, known by […]

Ex-DeepMind Researcher Raises $1.1B for AI Startup With No Product, No Revenue, and No Roadmap

Ineffable Intelligence, a London-based AI lab founded five months ago, launched on April 27 with a $1.1 billion seed round — the largest in European startup history — at a $5.1 billion valuation. The company has yet to release a product, generate revenue, or publish a public roadmap. So far, all it has is David […]

An AI Coding Agent Deleted a Startup’s Entire Database in 9 Seconds…Then It Explained Exactly Why It Shouldn’t Have

On April 25, a Cursor AI coding agent running Anthropic‘s Claude Opus 4.6 deleted the entire production database and all volume-level backups of PocketOS — a SaaS platform serving car rental businesses — in a single API call. It took nine seconds. The incident triggered a 30-hour operational crisis and forced the company’s customers to […]

Canada’s New CUSMA Advisory Committee Holds First Meeting as Lutnick Calls the Pact ‘a Bad Deal’

Canada’s newly formed Advisory Committee on Canada-US Economic Relations held its inaugural meeting in Ottawa on April 27, chaired by Minister Dominic LeBlanc, as the country enters the most consequential stretch of trade negotiations since CUSMA came into force in 2020. The 24-member committee — which Prime Minister Mark Carney assembled from business, labour, investment, […]

DOJ Sued Over Epstein Cover-Up as Millions of Files Remain Unreleased

Journalist and attorney Katie Phang filed a federal lawsuit on against Acting Attorney General Todd Blanche, accusing him of violating the Epstein Files Transparency Act and withholding thousands of documents the Justice Department is legally required to release.  The 15-page complaint, filed in the US District Court for the District of Columbia by the Public […]

Iran Faces Oil Storage Crunch With Barely 3 Weeks Left Amid U.S. Blockade

Iran is on the brink of a severe oil storage crisis, with research firm Kpler estimating the country has just 12 to 22 days of unused capacity remaining before it may be forced to slash production by an additional 1.5 million barrels per day by mid-May. The crisis stems from a U.S. naval blockade of […]

Carbon Price Set to Hit C$130 Per Ton in Alberta Under Imminent Agreement

Canada and Alberta are on the verge of a carbon pricing agreement that would raise the effective cost for the province’s industrial emitters to C$130 per metric ton, a significant jump from the current trading range of C$20 to C$40. Two sources familiar with the negotiations expect the deal to be finalized within the next […]

Rogers Offers Buyouts to Half Its 25,000 Employees

Rogers Communications (TSX: RCI-b) has launched a sweeping cost-cutting initiative, offering voluntary departure packages to roughly 50% of its 25,000-strong workforce, marking one of the largest buyout programs in the Canadian telecom sector in recent memory. The Toronto-based company announced the move on Monday as it grapples with slowing revenue growth across the industry and […]

Carney Looks To Trade Regulatory Support For A Cut Of The Profits With New Wealth Fund

Prime Minister Mark Carney has unveiled the Canada Strong Fund, the country’s first sovereign wealth fund, with an initial endowment of $25 billion aimed at securing a share of profits from major nation-building projects, including those in resource-rich provinces like Alberta and Saskatchewan. The fund, announced at the Canada Science and Technology Museum in Ottawa, […]

US and UAE Fund Congo’s $100M Push to Secure Critical Mineral Mines

The Democratic Republic of Congo is set to deploy a $100 million paramilitary force to secure its vast mining sector, with backing from the United States and the United Arab Emirates. The initiative aims to combat smuggling and stabilize operations in a country that stands as the world’s leading cobalt producer and Africa’s top copper […]