The Grey Terminal
WHERE CODE MEETS CAPITAL
Loading prices…
Powered by CoinGecko
Section

MARKETS

Coverage of global markets, capital flows, corporate strategy, and the institutions influencing economic power.

Independent reporting on the forces shaping markets, technology, business, and power.

44 stories
Sam Bankman-Fried Runs Out of Options After Second Circuit Closes Appeal, 25-Year Prison Sentence Stands
Business & Venture 7h ago

Sam Bankman-Fried Runs Out of Options After Second Circuit Closes Appeal, 25-Year Prison Sentence Stands

Sam Bankman-Fried’s effort to overturn his fraud conviction reached the end of the federal appeals court process after…

Researcher Spent 22 Months Inside North Korean Hackers’ Network, Finds Crypto Was the Main Target in 1,640 Breaches
Business & Venture 7h ago

Researcher Spent 22 Months Inside North Korean Hackers’ Network, Finds Crypto Was the Main Target in 1,640 Breaches

A cybersecurity researcher spent 22 months monitoring infrastructure linked to North Korean hackers and identified 1,640 breached companies,…

Wintermute Registers as U.S. Broker-Dealer, Targets Wall Street Market-Making Giants
Business & Venture 8h ago

Wintermute Registers as U.S. Broker-Dealer, Targets Wall Street Market-Making Giants

The crypto market maker plans to begin with ETFs before expanding into regulated market making.

SpaceX Wants to Turn Orbit Into the Next AI Data Center as It Partners With Nvidia to Build Starmind AI-1
AI 2d ago

SpaceX Wants to Turn Orbit Into the Next AI Data Center as It Partners With Nvidia to Build Starmind AI-1

SpaceX has taken a step toward moving artificial intelligence computing beyond terrestrial data centers after announcing a partnership…

Coldcard Hack Triggers Biggest Small Bitcoin Holder Migration Since FTX, On-Chain Data Shows
Bitcoin 2d ago

Coldcard Hack Triggers Biggest Small Bitcoin Holder Migration Since FTX, On-Chain Data Shows

CryptoQuant says Coldcard users moved Bitcoin at levels unseen since the FTX collapse after the wallet vulnerability.

Revolut Founder Faces €17.5 Million Yacht Commission Lawsuit in Rare Test of Broker Fee Rules
Business & Venture 2d ago

Revolut Founder Faces €17.5 Million Yacht Commission Lawsuit in Rare Test of Broker Fee Rules

A London High Court lawsuit over a €350 million superyacht purchase is set to test one of the…

Apple Restores Telegram to App Store After CSAM Removal Prompts Brief Ban
Business & Venture 3d ago

Apple Restores Telegram to App Store After CSAM Removal Prompts Brief Ban

Apple reinstated Telegram after the messaging app removed child sexual abuse material and banned the account involved.

Hugging Face CEO Demands OpenAI Release AI Agent Hack Traces, Says No Law Requires Disclosure
AI 3d ago

Hugging Face CEO Demands OpenAI Release AI Agent Hack Traces, Says No Law Requires Disclosure

Clément Delangue says OpenAI should publish its AI agent's activity logs after the autonomous system reached production.

FBI Supervisor Memorized Crypto Seed Phrases Before Moving $1 Million from Foreign Crypto Wallets, Court Says
CRIMES 3d ago

FBI Supervisor Memorized Crypto Seed Phrases Before Moving $1 Million from Foreign Crypto Wallets, Court Says

A veteran FBI counterintelligence supervisor allegedly memorized cryptocurrency recovery seed phrases from wallets seized during a national security…

What Really Happened Behind the Largest Verified Coldcard Bitcoin Theft That Drained 594.48 BTC From 500 Wallets in 15 Minutes
Bitcoin 6d ago

What Really Happened Behind the Largest Verified Coldcard Bitcoin Theft That Drained 594.48 BTC From 500 Wallets in 15 Minutes

Nearly 600 bitcoin disappeared from hundreds of Coldcard hardware wallets in just over 15 minutes last week, but…

Claude Knew Something Was Wrong, Anthropic Reveals Why It Kept Going During Cybersecurity Testing
AI 6d ago

Claude Knew Something Was Wrong, Anthropic Reveals Why It Kept Going During Cybersecurity Testing

Claude, Anthropic’s flagship artificial intelligence model, briefly recognised it might be interacting with real computer systems during a…

‘It’s an Act’: Crypto Veteran Says Viral Trading Meltdowns Are Designed to Drive Donations and Affiliate Sales
Cryptocurrency Jul 30

‘It’s an Act’: Crypto Veteran Says Viral Trading Meltdowns Are Designed to Drive Donations and Affiliate Sales

The investor alleged emotional liquidation videos are designed to generate donations and exchange referrals.

Meta Spent Nearly Every Dollar It Generated on AI as Free Cash Flow Dropped 91%
AI Jul 30

Meta Spent Nearly Every Dollar It Generated on AI as Free Cash Flow Dropped 91%

Meta Platforms generated more than $60.8 billion in quarterly revenue but ended the period with less than $1…

US Government Files Lawsuit to ‘Arrest’ $2.1M Ethereum Wallet After FBI Traces Pig-Butchering Scam
Business & Venture Jul 30

US Government Files Lawsuit to ‘Arrest’ $2.1M Ethereum Wallet After FBI Traces Pig-Butchering Scam

FBI traced alleged pig-butchering proceeds through 76 wallets before filing a civil forfeiture case.

BitMart Users Asked to Wait for Their Own Money as Withdrawal Queue Grows
Business & Venture Jul 29

BitMart Users Asked to Wait for Their Own Money as Withdrawal Queue Grows

The crypto exchange says high withdrawal volumes have created delays without a completion estimate.

Pentagon’s AI Showcase Backfires After Screenshot Reveals ‘Build an Agent to CREATE A WAR’ Prompt and Navy Officer’s Name
AI Jul 29

Pentagon’s AI Showcase Backfires After Screenshot Reveals ‘Build an Agent to CREATE A WAR’ Prompt and Navy Officer’s Name

An official AI demonstration went viral after an ambiguous prompt sparked online confusion.

Telegram Founder Faces Life Sentence as Russia Alleges Dating Bot Recruited 46 Young People for Sabotage
Business & Venture Jul 29

Telegram Founder Faces Life Sentence as Russia Alleges Dating Bot Recruited 46 Young People for Sabotage

Authorities claim a Telegram chatbot was used to recruit young people for alleged sabotage operations.

Claude Mythos AI Finds Critical Flaw in Post-Quantum Security Candidate Experts Missed for Years
AI Jul 28

Claude Mythos AI Finds Critical Flaw in Post-Quantum Security Candidate Experts Missed for Years

Anthropic says AI helped identify a mathematical weakness after years of expert review.

Hamas-Linked Crypto Network Faces US Sanctions After TRON Wallets Linked To $38.6M Flows Flagged
Business & Venture Jul 28

Hamas-Linked Crypto Network Faces US Sanctions After TRON Wallets Linked To $38.6M Flows Flagged

US Treasury designated three individuals and seven TRON wallets after tracing $38.6 million in flows.

AI Chats Can Remain Online Long After They Disappear From Search Results
AI Jul 27

AI Chats Can Remain Online Long After They Disappear From Search Results

Archived copies of public AI chats continue circulating after search engines remove indexed links.

BitMart Shutdown Follows Years of Security Breaches, Regulatory Warnings and Customer Disputes
Business & Venture Jul 26

BitMart Shutdown Follows Years of Security Breaches, Regulatory Warnings and Customer Disputes

Exchange begins wind-down after years of hacks, regulatory scrutiny and customer disputes.

OpenAI Sources Say AI Agent Left Instructions for Future Versions of Itself During Security Test
AI Jul 25

OpenAI Sources Say AI Agent Left Instructions for Future Versions of Itself During Security Test

Sources disclosed the AI agent left instructions describing how future versions could escape constraints.

Claude Cowork Flaw Could Let AI Agent Escape Its VM and Access Mac Files
AI Jul 23

Claude Cowork Flaw Could Let AI Agent Escape Its VM and Access Mac Files

Researchers chained a Linux flaw with Cowork's design to reach host Mac files.

OpenAI Sounds Alarm After AI Models Escaped Sandbox and Compromised Hugging Face Infrastructure
AI Jul 23

OpenAI Sounds Alarm After AI Models Escaped Sandbox and Compromised Hugging Face Infrastructure

OpenAI has warned that AI-driven cyber incidents like the one involving its frontier models and Hugging Face are…

Movement Labs Ends Up in Bankruptcy Court After Building One of Crypto’s Most Promising Blockchains
Blockchain Tech Jul 21

Movement Labs Ends Up in Bankruptcy Court After Building One of Crypto’s Most Promising Blockchains

The company behind Movement filed Chapter 11 after token scrutiny and financial pressure hit the project.

Meta Engineer Arrested After Admitting Explicit Chats With Person He Believed Was 13
Business & Venture Jul 21

Meta Engineer Arrested After Admitting Explicit Chats With Person He Believed Was 13

Engineering manager was placed on leave after police alleged he exchanged explicit messages in an undercover sting.

Washington’s China Crackdown Could Hand America’s AI Giants Exactly What They Want
AI Jul 20

Washington’s China Crackdown Could Hand America’s AI Giants Exactly What They Want

Officials are weighing new restrictions on Chinese AI models as critics warn they could entrench US AI leaders.

Autonomous AI Agent Hacked Hugging Face, Company Says Western AI Couldn’t Help Investigate
AI Jul 20

Autonomous AI Agent Hacked Hugging Face, Company Says Western AI Couldn’t Help Investigate

Hugging Face says safety guardrails prevented leading AI models from analysing malware used in the breach.

IBM Stock Suffers One of Its Biggest Crashes but Michael Burry Says It’s Been Here Before
Business & Venture Jul 20

IBM Stock Suffers One of Its Biggest Crashes but Michael Burry Says It’s Been Here Before

Investor says the company's latest sell-off echoes earlier crises it ultimately overcame.

Congress Can’t Stop a Pardon, but the Senate Just Put Itself on Record Against Sam Bankman-Fried
CRIMES Jul 16

Congress Can’t Stop a Pardon, but the Senate Just Put Itself on Record Against Sam Bankman-Fried

A bipartisan, nonbinding resolution says the FTX founder should receive no pardon, commutation or other federal relief, even…

821 Traders Made $8.2M on Polymarket, Stanford Researchers Think It Wasn’t Luck
Business & Venture Jul 16

821 Traders Made $8.2M on Polymarket, Stanford Researchers Think It Wasn’t Luck

Researchers found repeated last-second Bitcoin price moves allegedly exploited five-minute contract settlements at retail investors' expense.

Tether’s Latest Freeze Highlights Its Expanding Role in Sanctions Enforcement
Blockchain Tech Jul 15

Tether’s Latest Freeze Highlights Its Expanding Role in Sanctions Enforcement

The latest TRON wallet freeze adds to a series of sanctions-related actions involving Iran, Venezuela and militant groups.

JPMorgan’s Record Quarter Shows How Wall Street Profits From Uncertainty
Business & Venture Jul 15

JPMorgan’s Record Quarter Shows How Wall Street Profits From Uncertainty

Record earnings show how volatile markets boosted trading and revived investment banking activity.

Meta Lawsuit Tests AI’s Expanding Role in Workplace Layoffs
AI Jul 15

Meta Lawsuit Tests AI’s Expanding Role in Workplace Layoffs

Former employees say AI-driven workplace metrics disadvantaged workers on protected medical and family leave.

Justice Department Moves to End BitClub Fraud Case Months Before Trial
CRIMES Jul 14

Justice Department Moves to End BitClub Fraud Case Months Before Trial

The government seeks to dismiss one of crypto's longest-running fraud prosecutions after nearly seven years of litigation.

Meta Pulls Muse Image Feature After AI Photo Tool Sparks Consent Backlash
AI Jul 13

Meta Pulls Muse Image Feature After AI Photo Tool Sparks Consent Backlash

The company withdrew the AI feature days after criticism over using public Instagram photos without a clear opt-in.

What Apple Says Happened During OpenAI’s Hiring Push and Why It Went to Court
Business & Venture Jul 11

What Apple Says Happened During OpenAI’s Hiring Push and Why It Went to Court

iPhone maker alleges former employees retained confidential hardware documents after joining OpenAI, arguing the dispute concerns trade secrets…

Pentagon Blacklist Failed to Block China’s Biggest Tech Firms From Accessing U.S. AI
AI Jul 10

Pentagon Blacklist Failed to Block China’s Biggest Tech Firms From Accessing U.S. AI

OpenAI and Google said Singapore-based subsidiaries linked to Alibaba, Baidu and Tencent legally accessed their AI services, exposing…

Bill Gates’ Daughter’s AI Shopping App Accused of Diverting Publishers’ Affiliate Commissions
AI Jul 10

Bill Gates’ Daughter’s AI Shopping App Accused of Diverting Publishers’ Affiliate Commissions

Bloomberg testing found Phia reassigned affiliate attribution before checkout; startup says software bug caused the issue.

Early Solana Genesis Whale Appears to Lose $14.2 Million in Suspected Theft
Business & Venture Jul 10

Early Solana Genesis Whale Appears to Lose $14.2 Million in Suspected Theft

Investigators traced 180,900 SOL across Solana and Ethereum after unusual unstaking activity raised concerns.

Meta’s New AI Can Use Your Public Instagram Photos: Here’s How to Turn It Off
AI Jul 10

Meta’s New AI Can Use Your Public Instagram Photos: Here’s How to Turn It Off

New Muse Image feature lets AI reference eligible public Instagram accounts unless users disable the setting.

Elon Musk Says He Was ‘Clearly Wrong,’ Calls Anthropic ‘The Leader in AI’
AI Jul 10

Elon Musk Says He Was ‘Clearly Wrong,’ Calls Anthropic ‘The Leader in AI’

Tesla chief reverses his earlier assessment, saying Anthropic now leads frontier AI despite competition from Grok.

Pentagon’s Missile Rebuild Faces Years-Long Wait Despite Billions in New Contracts
Business & Venture Jul 9

Pentagon’s Missile Rebuild Faces Years-Long Wait Despite Billions in New Contracts

Budget documents show replacement missiles may not begin arriving until 2029 despite new defence contracts.

How Four States Built a $1.4 Trillion Case Against Meta
Business & Venture Jul 9

How Four States Built a $1.4 Trillion Case Against Meta

States calculated the proposed penalty by treating each allegedly harmed minor as a separate consumer-law violation.

BonkDAO Wallet Investigation Uncovers Years-Old On-Chain Trails
Business & Venture Jul 7

BonkDAO Wallet Investigation Uncovers Years-Old On-Chain Trails

Blockchain analysis traces attack wallets through BONK votes, Solana activity and exchange deposits.

When Governance Became the Attack: Inside BonkDAO’s $20 Million Treasury Drain
Business & Venture Jul 7

When Governance Became the Attack: Inside BonkDAO’s $20 Million Treasury Drain

Treasury transfer executed automatically after a wallet bought enough BONK to meet the DAO quorum

When Politics Became a Trade: Inside the TRUMP Memecoin’s $3.8 Billion Wealth Transfer
Business & Venture Jul 6

When Politics Became a Trade: Inside the TRUMP Memecoin’s $3.8 Billion Wealth Transfer

Blockchain data show political branding has become a tradable asset, enriching early holders while most wallets remain underwater.

The Elon Musk Playbook: 10 Startup Principles Behind Tesla, SpaceX and xAI
Business & Venture Jul 4

The Elon Musk Playbook: 10 Startup Principles Behind Tesla, SpaceX and xAI

Drawn from three decades of building Tesla, SpaceX and xAI, Musk's playbook blends ambition with execution.

Crypto Lost $65.9M in June, Not to Zero-Day Bugs but to Preventable Mistakes
Business & Venture Jul 3

Crypto Lost $65.9M in June, Not to Zero-Day Bugs but to Preventable Mistakes

Compromised credentials, excessive privileges and bridge validation failures accounted for most crypto losses last month, according to blockchain…

FBI Director Kash Patel Disclosed Six-Figure Strategy Investment Six Months Late
Bitcoin Jul 2

FBI Director Kash Patel Disclosed Six-Figure Strategy Investment Six Months Late

Late STOCK Act filing draws scrutiny because Strategy is the largest corporate Bitcoin holder and an FBI contractor.

Palantir’s Alex Karp Says OpenAI and Anthropic ‘Irresponsibly Oversold’ AI to Business
AI Jul 2

Palantir’s Alex Karp Says OpenAI and Anthropic ‘Irresponsibly Oversold’ AI to Business

The infrastructure company says AI agents need a new payment model built around requests, not subscriptions.

Cloudflare Wants to Turn Every API Call Into a Paid Transaction
Business & Venture Jul 2

Cloudflare Wants to Turn Every API Call Into a Paid Transaction

The infrastructure company says AI agents need a new payment model built around requests, not subscriptions.

Strategy’s $1.25 Billion Bitcoin Sale Plan Tests the Future of Corporate Crypto Treasuries
Business & Venture Jul 1

Strategy’s $1.25 Billion Bitcoin Sale Plan Tests the Future of Corporate Crypto Treasuries

Strategy Inc., the largest publicly traded corporate holder of Bitcoin, has authorized the sale of up to $1.25…

Europe’s MiCA Shakeout: How Crypto Regulation Is Redrawing the Market
Business & Venture Jun 30

Europe’s MiCA Shakeout: How Crypto Regulation Is Redrawing the Market

The bloc’s regulatory experiment aims to make crypto safer for investors, but critics warn it may accelerate industry…

China’s Cheap AI Models Put Silicon Valley’s $1 Trillion AI Bet Under Pressure
AI Jun 30

China’s Cheap AI Models Put Silicon Valley’s $1 Trillion AI Bet Under Pressure

Chinese AI firms are cutting model costs, raising questions over Silicon Valley’s spending and margins.

Guo Wengui Sentenced to 30 Years in Case Tying Crypto, Politics and $1 Billion Fraud
Business & Venture Jun 30

Guo Wengui Sentenced to 30 Years in Case Tying Crypto, Politics and $1 Billion Fraud

Self-exiled businessman built a global following around anti-CCP activism before prosecutors said he used media, tokens and investment…

Why 2020 Was Locked Down and Why the ‘Going Direct Reset’ Debate Is Returning in 2026
Business & Venture Jun 30

Why 2020 Was Locked Down and Why the ‘Going Direct Reset’ Debate Is Returning in 2026

Catherine Austin Fitts’ “Going Direct Reset” theory is drawing renewed attention as investors revisit the 2020 liquidity response,…

Government Market Timing Under Scrutiny After Pentagon Delays Iran Strike Announcement
Institutional Jun 28

Government Market Timing Under Scrutiny After Pentagon Delays Iran Strike Announcement

Greene’s accusation follows reports that officials delayed the announcement to limit market disruption, raising questions about the value…

X Money 6% APY: How Elon Musk’s Fintech Bet Could Work
Business & Venture Jun 27

X Money 6% APY: How Elon Musk’s Fintech Bet Could Work

Musk’s payments platform tests whether a social network can build a financial business around user trust

Microsoft’s AI Spending Test: Investors Question the Cost of Building the Next Platform
AI Jun 27

Microsoft’s AI Spending Test: Investors Question the Cost of Building the Next Platform

Stock decline follows record AI infrastructure spending as investors assess Microsoft’s $190bn expansion plans and Copilot growth

SpaceX Wireless Expansion Fuels New T-Mobile Takeover Speculation
Business & Venture Jun 27

SpaceX Wireless Expansion Fuels New T-Mobile Takeover Speculation

Move fuels speculation over whether SpaceX needs a carrier partner, or a larger telecom footprint, to compete in…

Information Poisoning: How Reddit Became the New Attack Surface for AI Search
AI Jun 26

Information Poisoning: How Reddit Became the New Attack Surface for AI Search

A coordinated Reddit hoax convinced some AI-powered search tools to repeat a fabricated story about Donald Trump and…

The Interface Becomes the Attack Surface: Polymarket’s $3M Frontend Supply-Chain Exploit
Blockchain Tech Jun 25

The Interface Becomes the Attack Surface: Polymarket’s $3M Frontend Supply-Chain Exploit

A third-party vendor compromise injected malicious scripts into Polymarket’s frontend, draining roughly $3 million and exposing how decentralized…

Capability Extraction at Scale: Anthropic Says Frontier Models Were Targeted for Distillation
AI Jun 25

Capability Extraction at Scale: Anthropic Says Frontier Models Were Targeted for Distillation

Anthropic says nearly 25,000 fake accounts generated 28.8 million Claude interactions in what it describes as the largest…

Anthropic and Google Are Funding Musk’s AI Landlord Empire
AI Jun 25

Anthropic and Google Are Funding Musk’s AI Landlord Empire

The AI race is producing an unusual dependency: the companies trying to challenge Elon Musk’s AI ambitions are…

A 2020 SHIB Whale Still Controls a Huge Slice of Supply, and It’s Moving Again
Cryptocurrency Jun 24

A 2020 SHIB Whale Still Controls a Huge Slice of Supply, and It’s Moving Again

One of SHIB’s earliest and largest holders, who bought about 103 trillion tokens in August 2020 for roughly…

Legion’s Lawsuit Puts Hosted AI in the Export-Control Crosshairs
AI Jun 24

Legion’s Lawsuit Puts Hosted AI in the Export-Control Crosshairs

A legal tech company is challenging a Trump administration directive that forced Anthropic to cut off foreign nationals…

SecondFi’s Wallet Exploit Exposes the Fragility of Self-Custody
Blockchain Tech Jun 24

SecondFi’s Wallet Exploit Exposes the Fragility of Self-Custody

A flaw in SecondFi’s wallet generation software drained user funds and raised urgent questions about the security promises…

When Meta Tests Prediction Markets, It Is Testing Attention
Business & Venture Jun 24

When Meta Tests Prediction Markets, It Is Testing Attention

The move comes as prediction markets have drawn growing attention, including scrutiny over how platforms such as Polymarket…

Ro Khanna’s Anti-Corruption Message Meets His Household’s Trading Record
Institutional Jun 24

Ro Khanna’s Anti-Corruption Message Meets His Household’s Trading Record

A 239-page ethics complaint has raised new questions about the scale, timing and reporting of trades linked to…

A Nagoya Front Company, a Fake Token, and a Fentanyl Network
Business & Venture Jun 23

A Nagoya Front Company, a Fake Token, and a Fentanyl Network

A Chinese network tied to fentanyl precursor trafficking appears to have used a Nagoya front company and a…

The New AI Promise Is Not Software, It Is Labor
AI Jun 23

The New AI Promise Is Not Software, It Is Labor

Delos is pitching Workers as more than an automation tool. The company says its new feature can act…

Polymarket Turned Its Own Platform Into the Ad and That Changed the Trust Equation
Latest News Jun 23

Polymarket Turned Its Own Platform Into the Ad and That Changed the Trust Equation

Behind Polymarket’s flood of viral “easy money” videos lies a sharper truth: the company built near-perfect fake versions…