MGI has announced its decision to sell its entire stake in Complete Genomics to Swiss Rockets AG for approximately $50 million. Bloomberg posted on X, highlighting this strategic move as part of MGI's broader business realignment. The transaction is expected to enhance MGI's focus on its core operations while allowing Swiss Rockets AG to expand its portfolio in the genomics sector. The deal underscores the ongoing consolidation in the biotechnology industry, as companies seek to optimize their assets and strengthen their market positions.

A 42-year-old Sydney man has been charged over a crypto investment scam that allegedly stole A$5 million from more than 190 elderly and vulnerable Australians. Police say victims were approached on social media, directed to an online platform called NEXOpayment, and had their money moved through multiple crypto wallets in a pattern like money laundering.

The Arizona Senate is progressing with legislation to establish a state-managed digital assets reserve fund, which would be financed by seized cryptocurrencies such as Bitcoin and other digital assets. According to NS3.AI, the fund would be overseen by the state treasurer, who would have the authority to invest and loan these assets within specified risk parameters. This initiative is taking place against the backdrop of falling cryptocurrency prices and persistent opposition from Governor Katie Hobbs, who has previously vetoed similar bills due to concerns about volatility and risk.

A new AI feature from Claude has significantly impacted the advertising automation startup founded by @irabukht, which had gained hundreds of paying customers within two months. According to Bitalk News, the startup's conversion rate plummeted from 70% to 20% due to Claude's AI capabilities. This development signals a broader trend of platform-level AI replacing traditional products in the industry. The GTM stack is undergoing a transformation, with vertical and automation tools being replaced by AI, which can handle outreach, content generation, and advertising directly. Traditional outreach automation, creative production, and small marketing SaaS are becoming marginalized. However, proprietary data and complex enterprise processes remain valuable, as AI cannot yet fully manage multi-account systems and data security needs. Distribution is emerging as the core competitive advantage, with differentiation relying on brand, storytelling, taste, and channel operation capabilities. In the Agent era of marketing, AI-to-AI transactions and decisions are prevalent, with brands serving as the last human competitive moat. New opportunities are arising in the entrepreneurial landscape. Agentic commerce, where AI handles price comparison, evaluation, and ordering, is weakening brand premiums, making price and value the central competitive factors. MCP is becoming the new application market, with AI selecting tools directly, reducing user perception of choice. LLM-based advertising is poised to become a trillion-dollar distribution channel, akin to the revolutionary impact of Google search ads. Social media content is becoming highly automated, with most content generated and pushed by AI, making traffic games heavily reliant on algorithm insights. In response to the disruption caused by Claude, the company team is transitioning to build complex workflows for large advertising agencies, managing hundreds of accounts with automated placements, while offering AI-human hybrid advertising services for small and medium enterprises. The future focus will be on distribution strategies and enterprise-level services to explore new growth opportunities.

U.S. stocks have been fluctuating near record highs for almost four months, with gains frequently erased by subsequent sell-offs. Bloomberg posted on X, highlighting the market's recent volatility, as seen in Monday's trading session. This pattern of gains followed by sell-offs has been a consistent trend, reflecting investor uncertainty and market instability. The ongoing fluctuations underscore the challenges faced by traders in navigating the current economic landscape.

A single security breach has wiped out an entire slice of the Solana ecosystem.

The luxury resale market is experiencing rapid growth, yet many high-end brands are struggling to find effective strategies to compete in this expanding sector. Wall Street Journal (Markets) posted on X, highlighting the challenges faced by luxury brands as they navigate the complexities of the resale market. As consumers increasingly turn to second-hand luxury goods, driven by both sustainability concerns and the desire for more affordable options, brands are left grappling with how to maintain their exclusivity and brand value. The resale market offers consumers access to luxury items at lower prices, which can undermine the perceived value of new products. Despite the potential threat, some luxury brands are exploring ways to engage with the resale market. Strategies include launching their own resale platforms or partnering with existing ones to maintain control over their brand image and customer experience. However, these efforts are still in the early stages, and many brands have yet to fully embrace the resale trend. The rapid expansion of the resale market presents both opportunities and challenges for luxury brands. As they seek to adapt to changing consumer preferences, the ability to innovate and integrate resale into their business models will be crucial for maintaining relevance in the evolving luxury landscape.

null source: https://x.com/decryptmedia/status/2026243370532610465

null source: https://x.com/RealAllinCrypto/status/2026243339889053788

The bill would allow Arizona to hold Bitcoin, XRP, Digibyte, stablecoins, and NFTs in a state-managed crypto reserve. source: https://decrypt.co/358954/arizona-senate-advances-bill-to-create-digital-assets-reserve-fund

null source: https://x.com/BSCNews/status/2026243205906178414

Bitwise seeks SEC approval for ETFs tied to 2028 election contracts, as regulators and states debate oversight of prediction markets. source: https://catenaa.com/markets/cryptocurrencies/bitwise-files-2028-election-prediction-etfs/

Crypto.com has received conditional approval from the US Office of the Comptroller of the Currency to set up a national trust bank, allowing it to offer custody, staking, and trade settlement under federal regulation. The bank will not take deposits or issue loans, and Crypto.com must meet additional compliance and governance requirements before full authorisation.

Nearly $10 billion in stablecoins has disappeared from Binance since November, marking one of the sharpest liquidity contractions on the world’s largest crypto exchange in months — and signaling that capital may be quietly exiting the market amid ongoing volatility.

With Bitcoin prices halved and IPOs falling below their issue price, crypto exchanges need a new value narrative.

In recent months, many people have been asking Musk the same question through gritted teeth: "Why can't the United States build new power plants like China?"

The trend of media personalities opening accounts associated with altcoins has subsided, and the "holy fathers" and "holy mothers" of the crypto world have also found their own "sons."

DeepSeek may have trained its upcoming AI model using banned Nvidia Blackwell chips, which are not allowed to be sold to China. The chips are believed to be running at a DeepSeek data centre in Inner Mongolia, raising concerns the company may have bypassed US export rules.

Just yesterday, IBM's stock price fell 13.15%, marking its biggest single-day drop since 2000. Its market capitalization plummeted from $240.8 billion to approximately $208.7 billion, a loss of about $31 billion, making it the "latest victim" of the rapid development of artificial intelligence technology.

A cryptocurrency trader has accused an ex-employee of Revolut of attempting to extort him by threatening to leak sensitive Know Your Customer (KYC) data — an incident that is now under investigation by law enforcement.