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U.S. Democratic lawmakers accuse X of granting special favors to Polymarket.

9 minutes ago

US Senate Democrats have accused Elon Musk-owned social media platform X of granting special treatment to prediction market platform Polymarket. "Typically, X allows users to report ads for multiple reasons. However, when users attempt to report Polymarket ads via X’s standard interface, they cannot select any reporting options," wrote Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal in a letter first reported by Semafor. The letter also points out that other ad types, including ads from rival prediction market platform Kalshi, do not have this issue. The correspondence, which includes screenshot evidence, states that X’s seemingly unfair differential treatment has raised questions about whether it is trying to give Polymarket an improper competitive advantage—one that could further benefit the US president and his family. Donald Trump Jr., eldest son of former President Donald Trump, is both an investor in and advisor to Polymarket. Neither X nor Polymarket responded to media requests for comment.

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The White House has submitted nominees for the CFTC and SEC to the Senate for confirmation.

The White House formally submitted bipartisan nomination lists for the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC) to the Senate on Thursday, pending approval. The move comes after last week’s midterm election losses, as President Donald Trump’s Republican Party is set to lose control of the Senate next January. Democratic nominee Kristin Johnson has been tapped for an SEC commissioner seat, with a term expiring in 2029. She previously served as a CFTC commissioner, appointed by then-Democratic President Joe Biden. Another SEC nominee announced Thursday is Republican Steven Levine, who will serve as an SEC commissioner with a term ending in 2030. Democrat Matthew Rowland is nominated as a CFTC commissioner to fill a vacant seat with a remaining term expiring in 2028. Republican Nathan Anonick is also nominated for a CFTC commissioner post, with a term expiring in 2031.

9 minutes ago

Trump: Jensen Huang boasts extraordinary, irreplicable talent, and no matter what happens, he always bounces back.

US President Donald Trump said he spoke with Nvidia CEO Jensen Huang on Wednesday. He noted that Huang has extraordinary, irreplicable talent, adding that everything Huang has achieved is remarkable, and the Nvidia he built from the ground up is simply incredible. No matter the circumstances, Huang always manages to find a way forward and re-establish his position.

9 minutes ago

Fed's Williams: The Federal Reserve will need to take action over time to bring inflation back to the 2% target.

Federal Reserve's John Williams said the Fed will need to take action over a period of time to bring the inflation rate back to 2%.

9 minutes ago

South Korea's KOSPI index rose 2.05% at the start of trading.

According to Bitget market data, South Korea’s KOSPI index rose 2.05% at the start of trading. Both SK Hynix and Samsung Electronics gained over 3%.

9 minutes ago

Friday kicked off with a slump: Bitcoin extended its losses, and the three major U.S. stock indexes closed lower.

Federal Reserve officials delivered a series of hawkish remarks on Thursday, reinforcing market expectations of further monetary tightening by the Fed. Additionally, the Nvidia controversy continues to escalate: Jensen Huang resigned from all his positions; he agreed to testify before the U.S. House Committee on Foreign Affairs; U.S. media reported that Nvidia is facing an antitrust investigation by the U.S. Department of Justice; and Jensen Huang was exposed to having a close relationship with a second Nvidia employee. Nvidia's stock decline dragged down U.S. AI-related stocks. According to HTX market data, Bitcoin's downtrend continues, currently trading at $71,222, hitting its lowest level since September, with a 3.6% drop in 24 hours. According to data from the BIT stock platform, U.S. stocks closed on Thursday: the Dow Jones Industrial Average fell 0.36%, the S&P 500 dropped 0.35%, and the Nasdaq declined 0.39%. Nvidia (NVDA.O) closed down 4.3% and plunged as much as 13% during intraday trading. Nvidia's competitors Broadcom (AVGO.O) and AMD (AMD.O) rose more than 5.5%.

9 minutes ago

The "Big Short" Michael Burry: NVIDIA’s outlook is uncertain, sell off positions promptly to exit.

Michael Burry, the real-life inspiration for *The Big Short*, posted on his Substack account that investors should sell NVIDIA (NVDA) before it’s too late. He warned that with Jensen Huang’s departure, NVIDIA may face multiple pressures including stronger customer bargaining power, slowed growth, and declining profit margins. Burry added that Huang’s exit could lead customers to slow deal progress, postpone purchases, renegotiate transaction terms, or even switch to competitors. Additionally, NVIDIA previously provided financial support for customers’ chip purchases via special financing tools, creating hidden debt and accumulating high leverage risks across the entire industry chain. Burry also pointed out that Huang once pushed customers to pre-order chips they did not actually need by threatening to cut their future chip quotas. NVIDIA’s previous growth model will be impacted, with both revenue growth likely to slow and margins facing downward pressure. He concluded with a warning that NVIDIA bulls will get another rare exit opportunity, stating bluntly: “Sell now while you still can.”

9 minutes ago

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