Coinbase has no plans to delist crypto tokens alleged to be securities by the SEC, CEO Brian Armstrong told Axios Wednesday, on the sidelines of the Piper Sandler Global Exchange and Fintech Conference.
Why it matters: The country's largest crypto exchange is putting itself at the front of a lengthy legal battle that could lead to sweeping changes across the industry.
Fox News Wednesday notified Tucker Carlson's lawyers that the former prime-time anchor violated his contract with the network when he launched his own Twitter show on Tuesday, according to a copy of a letter obtained by Axios.
Why it matters: A breach of contract claim sets Fox News up to explore potential legal action against Carlson, a move that would intensify the already thorny public battle between the two parties.
Amazon's leadership last week green-lit a plan to create an ad-supported tier for its Prime Video service, a source confirmed to Axios.
Why it matters: An ad-supported tier will help the company bolster its ad business at a time when more dollars are shifting from linear television to streaming. It could also help lure more subscribers to its video service.
Why it matters: This comes on the heels of Apple's own mixed reality headset reveal, which felt a bit like the metaverse trying to wrest back tech attention from AI.
Why it matters: TheU.S. securities regulator's pair of suits this week against crypto exchanges Binance and Coinbase punctuates the steady drumbeat of enforcement action levied at the industry with the bang of a gong.
Who needs Broadway? The best Shakespearean drama is playing live in Manhattan's Hudson Yards, home of CNN.
The latest act: The New York Times is out this morning with a deep dive on the ways the jilted former head of CNN, Jeff Zucker, is obsessively trying to knife the network's current leader, Chris Licht.
Corporate bankruptcies so far this year are at levels last seen back in 2010 when the economy was tentatively recovering from a catastrophic recession, per a new report from S&P Global Market Intelligence.
Why it matters: Now, we're not in a recession or even close to one — instead, the bankruptcies are a result of the rapid interest rate hikes by the Federal Reserve.
It's been a week to test the faith of crypto true believers — and it's only Wednesday.
The big picture: Some of the highest profile crypto companies still standing have been pummeled by a flurry of federal charges, raising fresh questions about whether the crypto ecosystem can survive in its current configuration, or at all.
The breakneck pace of corporate hiring may slow in the coming months — but the overall economy remains solid. That's the takeaway from a new survey of America's leading chief executives shared first with Axios.
Why it matters: The view from the corporate suite — revealed in the Business Roundtable's quarterly CEO economic outlook survey — is of an economy that can come off its inflationary hot boil without the plunging sales and mass layoffs seen in recessions.
This fall might be a great time to catch up on your streaming list — Hollywood has one union on strike, and studios are facing more labor strife that could result in further shutdowns this summer.
Why it matters: The streaming era has fundamentally broken the industry, and that has Hollywood's biggest unions united to a degree we haven't seen in decades.
