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A billionaire hedge fund chief has abruptly dumped the fastest-growing major U.S. stock of the year, while dramatically boosting his fund’s AI exposure. David Tepper’s Appaloosa sold every SanDisk share in the second quarter. At the same time, about 77% of the fund’s invested assets sat in companies where AI is a core growth driver. Amazon, Taiwan Semiconductor, and Nvidia were among the largest positions. Appaloosa ended June with 27 holdings and a portfolio of more than $7.7 billion. The fund added to Amazon and Taiwan Semiconductor and kept a stake across chip design, chip manufacturing, and cloud infrastructure. SanDisk…

Two Pennsylvania hospital systems are paying $16.4 million to more than 11,000 workers after a lawsuit claimed they secretly agreed not to hire each other’s staff. The workers said Geisinger and Evangelical Community Hospital had a no-poach deal from 2014 to 2020. That meant nurses and other employees could not easily jump to the other system for better pay. The lawsuit said the deal kept wages down. Both systems denied it and settled without admitting they did anything wrong. The alleged agreement ended after the U.S. Justice Department filed an antitrust case in 2020 over Geisinger’s plan to take a…

In brief Sberbank’s Anatoly Popov told TASS that Russian crypto trading could reach about 4 trillion rubles (~$46.43 billion) in the first year under new rules and roughly 7.5 trillion rubles (~$87 billion) by 2029. The bank plans to accept Ethereum and USDT as loan collateral alongside Bitcoin—”after the Central Bank, of course, allows them for public circulation.” The plans come as Russia’s crypto law takes effect September 1. Russia’s largest bank expects crypto trading to take off once the country’s new digital asset rules take effect, and it’s preparing to accept Ethereum and Tether’s USDT as collateral for loans.Sberbank…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Chainlink has recorded nine new integrations across five blockchains in its latest weekly ecosystem update, adding another set of deployments to its oracle and infrastructure network. The update covers integrations across multiple services and chains, reinforcing Chainlink’s role as one of crypto’s main data and interoperability providers. This is not a LINK price prediction. It is an operational development story. More integrations show that protocols continue to use Chainlink infrastructure, but they do not automatically translate into immediate token price movement. For more details, visit the official…

In brief Spot XRP ETFs took in $26.2 million on Aug. 28, extending a nine-day inflow streak and lifting cumulative net inflows to about $1.6 billion, per SoSoValue. Bloomberg’s James Seyffart called the flows “surprisingly resilient” given XRP’s soft price, noting Goldman Sachs, Jane Street, and Millennium lead holders, with investment advisers the top allocators. XRP traded near $1.39, down 2.7% on the day and 7.6% on the week; the ETF strength contrasts with Bitcoin funds snapping their own nine-day streak. Spot XRP exchange-traded funds are on a roll, stringing together nine straight days of net inflows even as the…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Polkadot is leading major blockchain networks in a decentralization comparison based on the Nakamoto coefficient, according to public Chainspect data. The Nakamoto coefficient is used to estimate how many independent entities would need to collude to compromise a network’s core operation. A higher score generally points to a more distributed validator or operator set. That makes the metric useful, but not absolute. Decentralization is not one number. It involves validators, stake distribution, client diversity, governance, infrastructure dependencies, token distribution, and real-world control. Polkadot’s lead on this metric…

In brief Kalshi permanently banned former Rep. George Santos and fined him $71,356 for manipulating a market tied to his own attendance at the State of the Union address—its first lifetime ban of a former member of Congress. Kalshi found Santos placed large trades between Feb. 2 and 25, then made false or misleading public statements to move prices, profiting $17,839.57 and violating rules on manipulation and trading with influence over an outcome. It’s the latest integrity scandal to hit prediction markets, following multiple recent cases. Prediction market Kalshi has permanently banned former Rep. George Santos, finding that he manipulated…

In brief Abbott ordered Texas agencies to halt state funding for Flock cameras, his office confirmed to the Texas Tribune. The Tribune found the state helped install at least 3,200 cameras since 2023, much of it funded by a $1 auto-insurance fee meant for catalytic converter theft; Abbott cited a “crackdown” amid misuse cases. The order adds to a bipartisan backlash, including Bernie Sanders’s planned federal legislation. Texas Gov. Greg Abbott has ordered state agencies to stop funding Flock Safety’s AI-powered surveillance cameras, the latest blow to the license-plate-reader company as backlash over its nationwide network intensifies.Abbott issued the directive…

In brief Strive bought another 1,800 BTC for roughly $143 million at an average price of $79,431 per coin, raising its total holdings to 23,156 BTC, worth about $1.76 billion, CEO Matt Cole said. The purchase extends an aggressive accumulation strategy for the firm, which trades as ASST after merging with Asset Entities.. It lands amid renewed sector buying: Strategy broke a two-month pause with a $370 million purchase, and Bitmine made its largest Ethereum buy since June. Strive is continuing to stack Bitcoin, snapping up another 1,800 BTC worth roughly $143 million as the asset manager expands one of…

Bitcoin treasury Strategy has blasted Morgan Stanley Capital International’s proposal to exclude it from its Global Investable Market Indexes, calling it “misguided” and “flawed.”  Writing in a letter to MSCI Monday, the Nasdaq-listed Bitcoin behemoth’s founder, Michael Saylor, and CEO, Phong Le, said that the company was discriminating against digital asset businesses.  MSCI said earlier this month that it was consulting on a plan to define “non-operating companies” and make them ineligible for its Global Investable Market Indexes. The removal of such companies would exclude firms like Strategy from indexes visible to a large pool of institutional investors.  Strategy responded…

An Alabama house cleaner is accused of stealing $400,000 in cash hidden at an elderly couple’s home, taking small amounts repeatedly while working there. The victims reported the theft after noticing the money missing and pointed to their cleaner as the suspect, reports Fox 10. Authorities executed a search warrant at 28-year-old Tabitha White’s property after she admitted during an interview to removing “handfuls of cash” over several months. Investigators recovered the funds along with numerous items purchased using the stolen money, including multiple vehicles, four-wheelers, electronics, lawn equipment and construction supplies. Additional purchases uncovered during the probe included a…

Bitcoin on Monday shrugged off tensions in the Middle East, barely moving despite U.S. President Donald Trump vowing to hit Iran hard.  The price of the biggest cryptocurrency recently stood at $79,076, unmoved over a 24-hour period. The coin also hasn’t budged from where it stood seven days ago.  Geopolitical strife has this year hurt Bitcoin’s price, with the cryptocurrency typically facing downward pressure on news of war and rallied in hopes of a ceasefire.  When the U.S. and Israel first attacked Iran in February, the coin nosedived, and had been shaky on news of war in March and April. …

In brief Hyperliquid is in advanced talks to bring its perpetual futures to US traders through Kraken parent Payward’s regulated Bitnomial exchange and clearinghouse, according to Bloomberg The arrangement would solve the core issue keeping the Singapore-based, decentralized platform—which handles over $4 billion in daily volume with no central operator—out of the US. The talks follow Trump’s remarks that his administration was working to bring Hyperliquid onshore, and come as the SEC and CFTC push to pull offshore perps trading back onto U.S. platforms. Hyperliquid is in advanced discussions to bring its perpetual futures to American traders through Kraken’s parent…

Strive’s stock soared on Monday after the company announced a $143 million bitcoin buy, making it the fifth biggest publicly traded crypto treasury.  The Nasdaq-listed company announced its latest buy of 1,800 bitcoins between August 24 and August 28. It snapped up the coins for an average price of $79,431, according to a filing with the Securities and Exchange Commission. The Dallas, Texas-based company now holds 23,156 coins worth $1.8 billion at today’s prices. Its stock (NASDAQ: ASST) was trading 9% higher at about 12.30pm in New York. Year-to-date, Strive’s stock has risen by nearly 40%.  Strive’s year-to-date Bitcoin yield,…