Senior Reporter
Elizabeth Lopatto is a senior writer at The Verge, where she covers how the internet is changing how we think about money: cryptocurrency, business, fintech and Elon Musk for some reason.
She joined the site in 2014, as science editor, then deputy editor running science, transportation and social media, before she got tired of being an authority figure and went back to blogging.
The controversial head of the SEC was targeted by Donald Trump during Trump’s presidential campaign. It is customary for the SEC chair to resign when a president from the other party is elected. That cheering you hear? It’s the crypto lobby.
So this is NSFW because it’s just gonna holler profanity at you, but if that’s what you’ve wanted — well, Bluesky is the kind of platform that lets you build it.
Ben Horowitz has donated a minimum of $7.6 million to fund police purchases. a16z portfolio companies, —such as Skydio, Prepared911, and Flock Safety — benefited.
Verge staffers review election.omg.lol: “Both horrifying and kinda helpful.” “This is a hell site.” “This rules.”
[election.omg.lol]
America’s mayor, who lost a defamation case and now owes $148 million to poll workers, didn’t turn over his valuables as ordered. Then he showed up to vote in one of them, a Mercedes Benz. Hours later, this filing showed up, citing the reporter’s X post.
The startup has received “tens of millions from investors in short-term loans“ to make sure it can cover election bets:
Like most brokerages, the company offers instant funding to new users. This means users can start trading right away, even though it may take two to three business days for the funds to be officially transferred from the customer’s bank account to Kalshi’s.
Forbes reports on “evidence of rampant wash trading on Polymarket,” a prediction market site backed by Peter Thiel’s Founders Fund. Wash trading is a form of market manipulation. “The suspicious activity on Polymarket raises questions about the accuracy of the site,” Forbes writes.
Singh, now the fourth FTX executive to be sentenced after Sam Bankman-Fried, Caroline Ellison, and Ryan Salame, will receive three years of supervised release.
Judge Lewis A. Kaplan, who has presided over the cases, said that Mr. Singh provided crucial assistance to the government and that he had played a “much more limited” role in the scheme than his colleagues had.
[The New York Times]