Grayscale Investments is pressing the Securities and Exchange Commission for next steps in getting a spot bitcoin ETF launched.
Driving the news: The firm's legal counsel submitted a comment letter Tuesday asking for a meeting with the U.S. regulator, highlighting the urgency of the matter by pointing to investors left in the lurch without one.
Bitcoin may be volatile, but the returns for miners don't have to be. That's the message from GSR, a firm pitching hedging products that would make miners' revenue more predictable.
Why it matters: The $500 billion Bitcoin network would be considerably more resilient if its largest operators weren't in danger of going under every time there's a massive drawdown.
TikTok has posted a slew of new jobs in the past week for roles that include building more social networking and private messaging features.
Why it matters: Inside TikTok, there's concern that users are sharing TikTok videos externally on other social media and messaging apps when they want to discuss them with friends, sources told Axios.
Truth Social, former President Trump's social media platform, got a major reprieve on Tuesday, courtesy of shareholders in the blank-check company seeking to take it public.
Driving the news: Digital World Acquisition Corp. (DWAC) will get another 12 months to complete its troubled merger with Trump Media & Technology Group.
Zoom announced Tuesday it is building a new AI assistant into its software as it aims to hang on to its spot as the leader in video conferencing.
Why it matters: Tech companies have been racing to add generative AI to their products, with the effort particularly intense around helping workers get more out of meetings.
AI experts at leading universities favor creating a federal "Department of AI" or a global regulator to govern artificial intelligence over leaving that to Congress, the White House or the private sector.
Amid new signs that AI could transform cancer care, clinicians and health systems are taking stock of thorny ethical and practical questions that still stand in the way of the technology's widespread adoption.
Why it matters: Cancer remains the second leading cause of death in the U.S. and innovations like AI-enhanced mammography could detect cases sooner and cut down on unnecessary tests and treatments.
Elon Musk threatened to sue the Anti-Defamation League on Monday after blaming the nonprofit for an advertising revenue slump on X since he led a takeover of the platform formerly known as Twitter.
Driving the news: Musk accused the ADL in a post on X of "trying to kill this platform by falsely accusing it & me of being anti-Semitic" after the nonprofit reported a spike in hate speech on the platform following the reinstatement of banned accounts there.
Salesforce's corporate development team has made a small number of venture investments, but nearly all of its venture capital activity comes out of its corporate venture arm.
And yes, it's all ultimately the same money from Salesforce.
Zoom in: Salesforce Ventures is headed by chief corporate development and investment officer John Somorjai, who joined the company in 2005.
Tuesday is the latest "do or die" deadline for Digital World Acquisition Corp., the blank check acquisition company seeking to take former President Trump's social media company public.
