A race by crypto companies to sell tokens pegged to stocks is raising alarm bells among traditional financial firms and regulatory experts who warn that the fast-growing novel products pose risks. https://www.japantimes.co.jp/business/2025/10/08/tech/crypto-tokenize-investor-protection/?utm_medium=Social&utm_source=mastodon #business #tech #cryptocurrencies #investors #wallstreet #stocks #sec
Bubble's gonna burst!
OpenAI generated US$4.3 billion in revenue in the first half of 2025, according to financial disclosures to shareholders.
The artificial intelligence firm reported a net loss of US$13.5 billion during the same period, with more than half attributed to the remeasurement of convertible interest rights.
Research and development expenses were its largest cost, totaling US$6.7 billion in the first half.
(OpenAI current valuation: $500Bn.)
https://www.techinasia.com/news/openais-revenue-rises-16-to-4-3b-in-h1-2025
I'm not sure #SEC of last few decades would have ever investigated this kind of #Investment #capitalism. Company #Stock #buybacks have became a major #marketplace #engine without any real scrutiny.
Alex Akselrod
boosted
Judge Eric Davis ruled earlier that #Newsmax did indeed #defame Denver-based #DominionVotingSystems by airing false information [ #lies] about the company & its equipment. But Davis left it to a #jury to eventually decide whether that was done with #malice, &, if so, how much #Dominion deserved from Newsmax in #damages. Newsmax & Dominion reached the settlement before the trial could take place.
The settlement was disclosed by Newsmax on Monday in a new filing with the #SEC.
The settlement comes after #FoxNews paid $787.5M to settle a similar #defamation lawsuit in 2023 & #Newsmax paid what court papers describe as $40M to settle a #libel lawsuit from a different voting machine manufacturer, #Smartmatic, which also was a target of pro-Trump #ConspiracyTheories on the network.
Judge Eric Davis ruled earlier that #Newsmax did indeed #defame Denver-based #DominionVotingSystems by airing false information [ #lies] about the company & its equipment. But Davis left it to a #jury to eventually decide whether that was done with #malice, &, if so, how much #Dominion deserved from Newsmax in #damages. Newsmax & Dominion reached the settlement before the trial could take place.
The settlement was disclosed by Newsmax on Monday in a new filing with the #SEC.
A year ago, #crypto entrepreneur Justin Sun was the subject of an #SEC fraud investigation. Now that case has been put on hold, and Jeff Bezos' #BlueOrigin space venture says it'll finally be giving Sun his $28 million suborbital trip to the edge of space. https://www.geekwire.com/2025/crypto-billionaire-justin-sun-blue-origin/#Tron#Space#NewShepard
Alex Akselrod
boosted
why bother complying with all the onerous rules that regulate the selling of securities to the public when you can just sell them “tokens” instead?
SpaceX and OpenAI are privately held companies that have disclosed virtually nothing about their businesses to the public (which they would be required to do before selling "shares" instead of "tokens" to mere mortals).
you’re looking at the death of 100 years of more or less successful financial regulation. all the rules put into place after the great depression are pretty much kaput.
#SEC#CFTC #regulation #uspol #uspolitics #finance #eupol #economics #stockmarket#SpaceX #openai#AI#HOOD#RobinHood
why bother complying with all the onerous rules that regulate the selling of securities to the public when you can just sell them “tokens” instead?
SpaceX and OpenAI are privately held companies that have disclosed virtually nothing about their businesses to the public (which they would be required to do before selling "shares" instead of "tokens" to mere mortals).
you’re looking at the death of 100 years of more or less successful financial regulation. all the rules put into place after the great depression are pretty much kaput.
#SEC#CFTC #regulation #uspol #uspolitics #finance #eupol #economics #stockmarket#SpaceX #openai#AI#HOOD#RobinHood