Independent U.S. agency enforcing federal securities laws and regulating markets
Anthropic has released the Mythos model to a limited group of firms under Project Glasswing and has warned it can find thousands of software vulnerabilities faster than humans. Regulators and finance leaders in the US, UK, EU and Canada have convened urgent meetings, wargames and briefings to assess risks and coordinate defensive access and rules.
Edwin Brant Frost IV has been charged with wire fraud related to the collapse of First Liberty Building and Loan. He has waived indictment, pleaded not guilty, and is expected to plead guilty in early May. The case involves allegations of a Ponzi scheme and misuse of investor funds, with potential sentences up to 20 years.
OpenAI has submitted a confidential S‑1 to the US Securities and Exchange Commission for a potential IPO, joining Anthropic and SpaceX in what could become a wave of blockbuster listings. The company has not set timing or deal terms and says it may remain private while it completes plans that are easier offline.
Trump has granted a full, unconditional pardon to Stephen Buyer, a former Indiana congressman and Gulf War veteran, who served 22 months in prison for insider trading in 2023. The pardon dates to June 4 and is being released amid ongoing Republican-led rhetoric on corruption and a broader wave of clemency. Buyer maintains innocence and says the decision corrects a politically motivated prosecution; several Republican figures have supported the pardon.
OpenAI has confidentially filed for an initial public offering, signaling a move toward a public market listing as rivals like Anthropic and SpaceX pursue funding and expansion in AI infrastructure. The company has stated the filing is confidential but anticipates leaks and notes timing is not decided, with potential to go public sooner if advantageous.
SpaceX has announced a senior unsecured notes offering to raise about $20 billion to refinance a bridge loan and fund expanding AI infrastructure, including Starship and Starlink. The move follows a record IPO and large cash reserves, but faces scrutiny over negative free cash flow and high capital needs.
SpaceX’s debut has sparked a wave of investor interest, but early gains have cooled as post-IPO volatility declines and market enthusiasm faces valuation questions amid AI hype.
SK Hynix has raised $26.5bn by selling 177.9m American depositary receipts at $149 each, in the largest-ever US share sale by a foreign company. Its ADRs have begun trading on Nasdaq under temporary ticker SKHYV and will convert to SKHY; the company is using proceeds to expand fabs, packaging and EUV capacity as AI-driven memory demand surges.
Several days of crypto-driven turmoil surrounding Donald Trump’s World Liberty Financial ventures have left nearly 1 million investors in the red, wiping out about $3.8 billion by the end of June. The president’s disclosed $636 million crypto payout in 2025 underscores the scale of the meme-coin saga and its fallout for ordinary buyers.
Luxshare Precision Industry plans to raise up to HK$24.3 billion in a Hong Kong share sale, pricing shares at HK$63.28, as it expands beyond Apple and strengthens its position in automotive electronics and data centers. The IPO follows a wave of Hong Kong listings this week and reflects a push to diversify revenue sources.
Bloomberg and The Guardian collate evidence suggesting a close, controversial link between the Trump family’s crypto ventures and private financier Justin Sun, prompting lawsuits and calls for more transparency.
Investors have poured into BlackRock’s EWY ETF, with over $1.1 billion in inflows following a record $814 million day, while Samsung and SK Hynix leveraged ETFs have tumbled since late May. New anti-Elon funds aim to exclude Musk-associated companies from Nasdaq-100 and S&P 500 benchmarks.
Anthropic is preparing an IPO as soon as October, with meetings between investors and executives underway ahead of a formal roadshow. The private valuation remains colossal, and the firm is building its investor relations team to explain its growth and AI safety aims to the market.
Kalshi has launched biotech contracts tied to drug trial outcomes in partnership with AppliedXL, enabling investors to bet on regulatory decisions. The move aims to offer continuously updated probabilities from trial data, while regulators warn of potential market manipulation and insider trading. The pilot includes safety safeguards and a focus on disclosure.
Jersey Mike’s has filed for an IPO, revealing plans to offer about 43.5 million shares at $21–$25 each. With Blackstone and the Abu Dhabi Investment Authority converting to a controlling stake post-listing, the Jersey Shore sub shop chain could be valued near $8 billion. The offering, led by Morgan Stanley, Jefferies and JPMorgan, comes as the company eyes international expansion while facing a cooling IPO market.