News & Updates

The latest news and updates from companies in the WLTH portfolio.

Kraken Master Account's Approval Question By House Democrat

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure House of Representatives Ranking Member Maxine Waters has pressed the Federal Reserve Bank of Kansas City over its approval of a "limited purpose account" for Kraken, expressing concerns about the implications of granting a crypto firm access to the Federal Reserve's (Fed) payment system. On Thursday, Representative Maxine Waters, the top Democrat on the House Financial Services Committee, sent a letter to Jeff Schmid, President and CEO of the Federal Reserve Bank of Kansas City, questioning the Kansas City Fed's recent decision to approve a "limited purpose account" to the US's second-largest crypto exchange, Kraken. In the letter, Waters seeks clarification from the Kansas City Fed regarding the practical implications of this approval "at a time when Congress has debated whether or not to expand access to the Fed's payment rails and on what terms." Notably, Kraken Financial, Kraken's banking arm, made history as the first crypto company to gain direct access to the Federal Reserve's core payment system. This achievement was accomplished after Kraken secured approval from the Kansas City Fed for a Fed master account earlier this month. As reported by Bitcoinist, the master account's approval will enable Kraken Financial to expedite and streamline transactions for its large clients and professional traders. Additionally, it will grant Kraken's banking unit direct access to Fedwire, a prominent interbank payment system that processes over $4 trillion in transfers daily. The milestone represents a significant triumph for the crypto industry, which had been repeatedly denied access to the Federal Reserve system for years. Previously, the company had relied on intermediary banks to facilitate transfers to other firms. The lawmaker highlighted that granting a cryptocurrency firm access to the Federal Reserve's payment system for the first time raises policy, regulatory, and consumer protection concerns, arguing that it is particularly concerning given the rapid pace at which financial innovation is outpacing the rules and safeguards designed to ensure the safety of the financial system. The Kansas City Fed's announcement does not disclose specific information about Kraken's access to the range of Federal Reserve financial services "due to the confidentiality of business information provided by applicants." However, the announcement raises questions about the approval because neither statute nor the Federal Reserve Board's Account Access Guidelines refer to a 'limited purpose account' type. Representative Waters emphasized that access to the nation's core payments infrastructure carries significant public responsibility and should not be extended without full transparency, clear legal grounding, and confidence that risks will be properly managed. Therefore, she requested information no later than April 10, 2026, on the Federal Reserve services that Kraken can now access, the conditions or restrictions that apply, and the prudential, anti-money laundering (AML), and consumer protection considerations that were weighed before proceeding with the approval. The lawmaker's letter arrives as banking groups express significant concerns about granting crypto and fintech companies direct access to the Federal Reserve's payment systems. Traditional banks have cautioned that even limited access could pose a substantial threat to the US payment system and overall financial stability. For context, Kraken's limited access to the master account is similar to the "skinny" master account concept initially proposed by the Federal Reserve Board of Governors in October 2025. This type of restricted account would enable payment fintechs and crypto companies to access the Federal Reserve's payment systems. However, it would exclude other advantages more closely associated with banks, such as the discount window lending facility. In addition, the Office of the Comptroller of the Currency (OCC) approved conditional bank charters for Ripple, Circle, BitGo, Paxos, and Fidelity in December, raising concerns that it could blur the lines between banking activities and lead to regulatory arbitrage. Last month, the American Bankers Association (ABA) urged the main banking regulator to postpone its approval of applications for crypto bank charters, suggesting that the agency should wait until the regulatory uncertainties are resolved.

Kraken
Bitcoinist.com29d ago
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Kraken Master Account's Approval Question By House Democrat

US Budget Standoff Causes Airport Chaos and Delays TSA Staff Pay

A budget dispute between US House Republicans and the Senate is causing severe disruptions at airports across the country, as TSA staff face pay delays. House Republicans blocked a Senate bill, leading to prolonged delays. The political deadlock centers around funding for Homeland Security, immigration reform, and voter registration changes. The White House has intervened, promising back pay for TSA employees, but the long-term resolution remains uncertain. The political landscape in Washington is once again embroiled in a contentious budget standoff, this time primarily concerning the funding of critical government agencies and its direct impact on airport security and immigration enforcement. The US House Republicans have effectively obstructed the Senate's endeavor to resolve the weeks-long budget impasse, which has resulted in thousands of Transportation Security Administration (TSA) staff working without pay, causing significant delays at airports across the nation. House Speaker Mike Johnson, representing the Republican side, criticized the bipartisan Senate bill, dismissing it as a 'joke' and vowing to introduce an alternative that would fully allocate funds for TSA personnel, as well as immigration and Border Patrol agents. In response to the escalating crisis and the anticipated extension of federal funding gaps, the White House issued a memorandum, ordering the administration to address the 'unprecedented emergency situation' and ensure TSA staff are compensated for their work. The Department of Homeland Security (DHS), which manages various agencies including the TSA, announced on social media that TSA officers could expect to receive their paychecks as early as Monday, March 30th. The partial government shutdown has left TSA staff, who are responsible for screening passengers, baggage, and cargo, without pay since mid-February, leading to widespread disruptions and lengthy delays. At Houston's international airport, security lines extended considerably, and airport staff provided bottled water to alleviate the situation, an AFP reporter witnessed. The core of the funding dispute involves demands from the opposition Democrats, who are pushing for reforms of Immigration and Customs Enforcement (ICE), an agency that has been facing substantial criticism due to its controversial tactics across the country.\The initial Senate bill, which the House Republicans have blocked, aimed to provide funding for the TSA, the US Coast Guard, and the Federal Emergency Management Agency, amongst other vital operations. However, it did not incorporate the Democrats' proposed reforms. The lack of funding specifically for ICE or Border Patrol would not prevent them from continuing their operations, as the Republican-controlled Congress had already allocated substantial additional funding to these agencies in 2025. This further complicated the political maneuvering as Republicans aimed to maintain the status quo. House Speaker Johnson expressed concern about the Senate bill, alleging that it would compromise US border security. The Republicans are planning to put forth legislation that extends current funding levels for all of DHS agencies, including ICE and US Border Patrol, until May 22nd. Johnson indicated that he had discussed the strategy with the President, who supports the proposed approach. However, it remains uncertain whether the Republican-led bill will gain enough support to pass through Congress, particularly given that the Senate has already begun a two-week recess, and the House is scheduled to follow suit, potentially prolonging the hardship for both air travelers and TSA employees.\The political battle over the budget has significantly impacted TSA operations, leading to a critical shortage of personnel and increased absenteeism. The White House reported that nearly 500 transportation security officers have resigned, and unscheduled absences have dramatically increased since the partial shutdown began. Senate Minority Leader Chuck Schumer denounced any funding measure that failed to include substantial reforms, stating that Democrats would fund essential Homeland Security functions but would not provide a 'blank check' without those reforms. He emphasized that the focus should be on addressing the concerns related to immigration and law enforcement policies. Top House Democrat Hakeem Jeffries said the Democrats would try to force a House vote on the bipartisan Senate measure, setting the stage for more political wrangling. The standoff is also affected by other factors; previously, President Trump indicated that he would not sign any funding deal unless Congress also passed a bill to overhaul voter registration rules. With a majority in both congressional chambers, Republicans face some hurdles to overcome to obtain Democratic support for budget bills, which complicates the resolution of the stalemate. The uncertainty and infighting are having real-world consequences, creating significant strains on the system and further frustrating those who rely on its services. The situation is further complicated by the impending recess, which could exacerbate the challenges facing air travelers and government workers alike. The underlying issues encompass budgetary allocations, immigration policies, and procedural challenges within the legislative branch. The final resolution of these issues and their ramifications will be closely watched US Government Shutdown TSA Budget Dispute Immigration Airport Delays Similar News:You can also read news stories similar to this one that we have collected from other news sources. Here's What To Do If Your House Has Low Water Pressure In MalaysiaAfter all, nobody wants a slow flowing water tap. Read more " State Aidilfitri open house set to draw 20,000 visitorsKota Kinabalu: The State-level Hari Raya Aidilfitri open house is expected to draw about 20,000 visitors this Saturday (Mar 28) at the Sabah International Conve Read more " Three arrested over Sandakan house robberySANDAKAN: Police have arrested three individuals, including a foreign national, in connection with a robbery at a house in Mile 7 in the early hours of March 21 Read more " Xi-Trump summit: White House locks in new dates in MayNEW YORK, March 26 (Reuters) - The U.S. technology industry is being ⁠pushed to shrink its power use in times of high demand, amid growing public concern that Big Tech's massive electricity needs for its expansion of data centers are ⁠maxing out the country's grid. Read more " Senate Votes to Fund Homeland Security, Excluding ICE and Border Patrol, Averting Airport CrisisThe US Senate passed a bill to fund most of the Department of Homeland Security for 2026, excluding Immigration and Customs Enforcement (ICE) and Border Patrol, aiming to resolve a budget standoff that has caused airport delays and unpaid work for Transportation Security Administration (TSA) staff. The bill now heads to the House. The dispute involves demands for ICE authority reforms amidst criticisms of its practices, with the lack of funding already causing issues such as extended travel delays. Read more " Trump guna kuasa darurat bayar gaji kakitangan TSAPresiden Amerika Syarikat (AS), Donald Trump, mengesahkan akan menandatangani perintah untuk mengarahkan Jabatan Keselamatan Dalam Negeri (DHS) membayar pegawai keselamatan lapangan terbang yang bekerja tanpa gaji susulan kebuntuan bajet. Read more "

CHAOS
Head Topics29d ago
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US Budget Standoff Causes Airport Chaos and Delays TSA Staff Pay

Perth cops solid soaking as erratic storm still causes chaos

The wild ride of ex-tropical cyclone Narelle is easing but not before unleashing a string of unpredictable hits across WA. The wild ride of ex-tropical cyclone Narelle is easing but not before unleashing a string of unpredictable hits across WA. As the system weakened after crossing the coast near Coral Bay, attention has turned to the messy, lingering weather left in its wake. Amateur weather forecaster Joshua Toohey, who runs the CyclonesOZ YouTube page, said the storm's rapid collapse likely spared coastal towns from something far worse. Know the news with the 7NEWS app: Download today "It was still a massive impact but it could have actually been a whole lot worse," he told 6PR. After making landfall as a category 3 system, Narelle quickly pushed inland and started to fall apart. "It lost its inner core, the structure eroded and the thunderstorms became disorganised," Mr Toohey said. "When that happens, the wind speeds begin to reduce and that was actually a very good thing for places like Coral Bay and Carnarvon." However, the system still packed a punch as it tracked through the Gascoyne and into the Wheatbelt before weakening into a low. The focus has shifted to lingering storms including a severe thunderstorm warning for parts of Perth's south and into Mandurah. The Bureau of Meteorology has detected a slow-moving cell near Ravenswood, tracking towards Pinjarra. Mr Toohey said that while the worst of the rain had fallen, conditions remained unstable. "There'll be the odd rumble of thunder over the next couple of hours but for the most part, the rain is beginning to pull away," he said. Perth has already copped a solid soaking with some areas -- particularly in Hills -- recording more than 100mm overnight. "Everything's saturated, it'll go green in the next 24 hours. It was beautiful to see," Mr Toohey said. Further inland, the rain has delivered a timely boost. Parts of the Wheatbelt have recorded 20mm to 40mm, with falls up to 50mm expected as the system tracks south. "It's exactly what they're after this time of year -- it's loosened the ground up nicely and topped up tanks," Mr Toohey said. Importantly, the rainfall has avoided the extremes seen further north. "We're not seeing massive flooding rainfall but we're also not seeing too little. It's really good news for the Wheatbelt."

CHAOS
7NEWS.com.au29d ago
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Perth cops solid soaking as erratic storm still causes chaos

Pension fund alert in gilt market chaos

Pension funds are being asked to put up more cash to cover hedging positions amid a sell-off in bonds - in an uncomfortable echo of the meltdown under Liz Truss. The cash calls come as UK bonds, known as gilts, take a pounding amid the market mayhem caused by the war in Iran. Yields on ten-year gilts, which rise as their price falls, spiked to more than 5.1 per cent at the start of this week. They eased after US President Donald Trump's claim the US was in peace talks was Iran. But with the conflict continuing to choke off energy supplies from the Middle East, the sell-off has since resumed and gilt yields yesterday soared back above 5.1 per cent. The sell-off causes problems for pension funds which invest in gilts and may use them as collateral for financial instruments employed as part of 'liability driven investment' (LDI) strategies. Meltdown: Pension funds are being asked to put up more cash to cover hedging positions amid a sell-off in bonds When bonds sell off, the value of that collateral falls. That can mean the funds are asked to post cash to make up the shortfall. Pensions consultancy XPS said a small number of its clients needed to meet cash calls on LDI positions this month, but that the market was operating normally. Rival consultancy Mercer said it had knowledge of a fund that met a cash call this month, but that its own clients were unaffected. James Lewis, UK chief investment officer at Mercer, said: 'If yields do keep going up, I suspect we will see multiple managers making capital calls. But I would expect that to be dealt with in an orderly fashion.' At the time of the 2022 crisis after former prime minister Truss's disastrous mini-Budget, bonds sold off so quickly that the market was flooded with cash calls. Funds had to sell up to raise the cash, prompting their values to fall even further. The meltdown forced the Bank of England to step in and ultimately costed Truss her job. Britain's latest bond sell-off has not been as rapid, but yields are higher now than they were back then and the rise in them this month is on course to be the steepest in four years. The impact has also been unlike 2022 due to reforms that have made LDI less exposed to market swings. Yet it will be politically embarrassing for Rachel Reeves's handling of the economy to be compared to that of Truss and her Chancellor Kwasi Kwarteng. DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosLearn MoreLearn MoreHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasLearn MoreLearn Moreinteractive investorinteractive investorFlat-fee investing from £4.99 per monthLearn MoreLearn MoreFreetradeFreetradeInvesting Isa now free on basic planLearn MoreLearn MoreTrading 212Trading 212Free share dealing and no account feeLearn MoreLearn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you

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Daily Mail Online29d ago
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Pension fund alert in gilt market chaos

Intercontinental Exchange: $600 Million Investment In Polymarket

Intercontinental Exchange announced it has completed a new $600 million direct investment in Polymarket, advancing its broader strategic commitment to the fast-growing prediction markets sector. The investment is part of Polymarket's ongoing equity fundraising and follows a previously announced $1 billion investment by Intercontinental Exchange in October 2025. With this latest capital injection and additional planned purchases of up to $40 million in securities from existing holders, Intercontinental Exchange said it has now fulfilled its obligations under the original investment arrangement. The company noted that the investment is not expected to have a material impact on its financial results or capital return plans. Additional details, including the valuation associated with the latest funding round, are expected to be disclosed after Polymarket completes its fundraising. Intercontinental Exchange, which operates global exchanges including the New York Stock Exchange, is positioning the investment as part of its broader push into data-driven and event-based financial markets. The partnership with Polymarket reflects increasing institutional interest in prediction markets as a source of real-time sentiment and probabilistic forecasting across geopolitical, economic, and social events. Polymarket has emerged as a leading platform in the space, enabling users to trade on the outcomes of real-world events, effectively blending elements of financial markets and information markets. The continued backing from Intercontinental Exchange underscores growing confidence in the model's scalability and institutional relevance.

Polymarket
Pulse 2.029d ago
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Intercontinental Exchange: $600 Million Investment In Polymarket

Anthropic's most powerful AI model 'Claude Mythos' data leaked

A major data leak has revealed Anthropic's development of a powerful new AI model, Claude Mythos or Capybara. This advanced system is already undergoing testing. The company acknowledges potential cybersecurity risks associated with this new generation of AI. Anthropic plans a cautious rollout to select organizations to help them prepare for AI-driven exploits. A data leak has revealed that Anthropic is developing a new artificial intelligence model it claims is its most powerful yet, with the system already being tested by a small group of users. A report in Fortune quoted an Anthropic spokesperson as saying the system is "the most capable we've built to date." Big leak Details about the model emerged after internal material was accidentally exposed in a public data store. In total, 3,000 assets linked to Anthropic's blog were accessible online. These included early drafts of announcements and other internal content that had not ybeen released publicly. Among the files was a draft blog post referring to the model as "Claude Mythos" and warning that it could pose serious cybersecurity risks. The same leak also pointed to a planned, invite-only CEO summit in Europe, part of the company's push to promote its AI systems to large businesses. The company later said the leak had occurred due to "human error," specifically in how its content management system (CMS) was set up. It described the material as "early drafts of content considered for publication" and has since restricted access to the data. A new generation of AI models The leaked draft also referred to a new category of models under the name "Capybara." According to the document, this would represent a step beyond the company's current top-tier models. "'Capybara' is a new name for a new tier of model: larger and more intelligent than our Opus models-which were, until now, our most powerful," Anthropic said in one leaked blogpost. Capybara and Mythos seem to be referring to the same underlying model, according to Fortune. Currently, Anthropic offers models at three levels: Opus, Sonnet and Haiku, which vary in size, cost and capability. Opus is the largest and most capable, designed for complex tasks but at a higher cost. Sonnet is a mid-tier option, balancing performance, speed and price. Haiku is the smallest, fastest and cheapest, suited for simpler use cases. The new system appears to go beyond Opus, making it both more advanced and more expensive. The document also suggested that training for "Claude Mythos" has already been completed. Cybersecurity concerns The leaked material highlights growing concern within the company about the risks linked to more advanced AI systems, Fortune said. "In preparing to release Claude Capybara, we want to act with extra caution and understand the risks it poses-even beyond what we learn in our own testing. In particular, we want to understand the model's potential near-term risks in the realm of cybersecurity-and share the results to help cyber defenders prepare," the document said, according to Fortune. In simple terms, Anthropic believes the model could be used to find and exploit weaknesses in software much faster than current tools. This raises the risk of more frequent and large-scale cyberattacks if such systems fall into the wrong hands. Because of this, the company plans to release the model carefully, starting with trusted organisations. "We're releasing it in early access to organisations, giving them a head start in improving the robustness of their codebases against the impending wave of AI-driven exploits," Anthropic said in the draft blog, according to Fortune. Real-world misuse already detected Anthropic has already seen attempts to misuse its AI systems. The company said hacking groups, including some linked to China, have tried to exploit its tools in real-world operations. In one case, a state-backed group used Claude Code in a coordinated effort targeting around 30 organisations, including technology companies, financial institutions and government bodies. Anthropic said it identified the activity, blocked the accounts involved and informed those affected within days. The incident underlines the wider challenge facing AI companies: building more powerful systems while trying to limit how they might be misused.

Anthropic
ETCISO.in29d ago
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Anthropic's most powerful AI model 'Claude Mythos' data leaked

Chaos in the Skies: TSA Pay Motions in DHS Shutdown Stalemate | Business

In a bid to alleviate airport security chaos, President Donald Trump on Friday signed an executive action to pay Transportation Security Administration employees. The move comes as efforts to end the Department of Homeland Security shutdown stalled in Congress. Homeland Security Secretary Markwayne Mullin announced that TSA workers could start seeing pay as early as Monday. However, this measure does little to resolve the overall shutdown that has significantly delayed travel and imposed financial strains on federal workers. House Republicans and Senate Democrats remain at odds over funding specific agencies, leading to ongoing legislative gridlock. The dispute has intensified after the House rejected the Senate's funding deal, underscoring deep divisions on immigration enforcement practices.

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Devdiscourse29d ago
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Chaos in the Skies: TSA Pay Motions in DHS Shutdown Stalemate | Business

Congress Exacerbates Airport Chaos with Prolonged DHS Funding Standoff | Politics

Congress failed to resolve a funding standoff, affecting paychecks for DHS employees and causing travel disruptions. The deadlock centers on immigration enforcement, with Democrats opposing unchecked funding and Republicans pushing back against constraints. The impasse worsens airport operations, while Trump declares an emergency to ensure TSA officers are paid temporarily. The U.S. Congress remained gridlocked on Friday, unable to resolve a funding deadlock impacting thousands of federal workers. The stalemate threatens to disrupt travel plans during the busy spring break season, snarling airports as federal workers go unpaid. At the heart of the legislative impasse is a dispute over immigration enforcement policies. Democrats have refused to support a funding bill that grants unchecked finances to Immigration and Customs Enforcement (ICE). In contrast, the Republican-controlled House pushed a measure supporting full DHS funding through late May, a proposal Democrats labeled unacceptable. Travel chaos looms as tensions persist, with airport security wait times extending to several hours. In light of the impasse, President Trump declared an emergency to expedite temporary payment for TSA officers. Despite attempts to fund DHS without compromise, Democrats remain resistant due to recent federal agent actions, further complicating negotiations.

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Devdiscourse29d ago
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Congress Exacerbates Airport Chaos with Prolonged DHS Funding Standoff | Politics

Leaked Post Unveils Claude Mythos: Anthropic's Powerful New Model

An accidental leak has revealed significant information about Anthropic's latest AI model, Claude Mythos. Initially uncovered in a report by Fortune, the company has since confirmed the details surrounding the leak. This incident included nearly 3,000 previously unpublished assets, which exposed various internal documents, such as PDFs, images, and information about a planned exclusive CEO event. Details About the Claude Mythos Leak The leak resulted from an issue with Anthropic's content management system (CMS). During the upload process, assets were not properly marked as private. Consequently, sensitive data became accessible in a public data lake. * Included internal corporate information. * Unpublished blog post draft regarding Claude Mythos. * Unused assets from past announcements. Claude Mythos: A Powerful New AI Model According to the unpublished draft, Claude Mythos represents a significant advancement in AI technology. Anthropic claims it is the most powerful AI model the company has ever developed. A spokesperson described it as a "step change" in performance and noted that it is currently in the trial phase for select early access customers. Introduction of Capybara Model Tier Alongside Claude Mythos, the leaked information also mentioned a new model tier named Capybara. This tier would be positioned above the current offerings of Opus, Sonnet, and Haiku. Opus is currently the most advanced and expensive model, while Haiku is the entry-level option. Capybara is described as Anthropic's largest and most capable model tier to date. Cybersecurity Risks Associated with Claude Mythos The leak also shed light on Anthropic's concerns regarding the cybersecurity risks posed by Claude Mythos. The company believes this AI model could potentially be exploited by hackers for cyberattacks. In a statement, Anthropic emphasized the necessity to understand the risks associated with Claude Mythos, especially as the release of Capybara approaches. In the draft, it was noted that Claude Mythos stands far ahead of its competitors in cybersecurity capabilities. Anthropic aims to provide early access to select organizations. This initiative is intended to help improve the durability of their systems against potential AI-driven exploits that may arise in the near future.

Anthropic
El-Balad.com29d ago
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Leaked Post Unveils Claude Mythos: Anthropic's Powerful New Model

Elon Musk's xAI To Launch New 'SKILLS' Feature for Grok, Update To Allow Users To Create Custom Tasks and Personalised AI Instructions

Nima Owji has revealed that xAI is developing a new "SKILLS" feature for Grok. The tool will let users define customised skills complete with their own instructions, enabling the AI to carry out specific tasks on command. Described as a major personalisation upgrade, the feature is expected to arrive soon and follows recent refinements to Grok Imagine and other capabilities. Early screenshots shared on X show a clean interface for creating and managing skills. Tech enthusiasts have reacted with enthusiasm, viewing the update as another step towards more flexible and user driven AI interactions. Further details from xAI are anticipated shortly. X New Feature Update: Elon Musk's Platform Working on 'Priority' Notifications Tab, Will Reportedly Allow Users To Filter Notifications by Importance. xAI Launching New 'SKILLS' Feature for Grok (SocialLY brings you all the latest breaking news, fact checks and information from social media world, including Twitter (X), Instagram and Youtube. The above post contains publicly available embedded media, directly from the user's social media account and the views appearing in the social media post do not reflect the opinions of LatestLY.)

xAI
LatestLY29d ago
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Elon Musk's xAI To Launch New 'SKILLS' Feature for Grok, Update To Allow Users To Create Custom Tasks and Personalised AI Instructions

Mystery Whale Snaps Up $35M in XRP in Under an Hour Across Coinbase, Kraken, and Bitstamp - Crypto Economy

Despite the strong buying pressure, the XRP price remained stable at $1.33, recording a modest 1.4% gain for the day. Mystery whales continue to shake the crypto market. This Friday, a mystery whale made a massive XRP purchase, executing a series of orders across major exchanges. The technical maneuver, detected by market analysts, allowed the buyer to conceal a significant capital entry without drastically altering immediate liquidity. Analyst Dom (@traderview2) highlighted that using bots to fractionate an order of such magnitude is uncommon in daily trading. This tactic prevented the price from exploding before the total accumulation of the asset was complete. Despite this sudden capital inflow, XRP's price action remained relatively measured. The token is currently trading around $1.33, representing a modest 1.4% gain in the last 24 hours of trading. On the other hand, the asset shows notable strength in its parity against Bitcoin, recording a 2.3% increase against the market leader. This signifies that while the dollar price remains stable, XRP is gaining ground within the crypto market. The coordinated execution across multiple platforms demonstrates a high level of institutional sophistication. The market remains alert to whether this movement precedes a relevant announcement or a larger appreciation phase for XRP.

Kraken
Crypto Economy29d ago
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Mystery Whale Snaps Up $35M in XRP in Under an Hour Across Coinbase, Kraken, and Bitstamp - Crypto Economy

End of TSA chaos in sight as Trump signs order to pay workers

Airport chaos in the US could finally be drawing to a close after President Donald Trump signed an order to pay Transportation Security Administration (TSA) workers despite the continued deadlock in Congress. TSA staff are set to receive their first paycheck in six weeks as early as Monday after the president directed the Secretary of Homeland Security to issue paychecks in a bid to ease the crisis caused by the department's ongoing shutdown. 'America's air travel system has reached its breaking point,' Trump said in the memo authorizing the payments Friday. 'I have determined that these circumstances constitute an emergency situation compromising the Nation's security.' The directive comes as House Republicans rejected a bill passed by the Senate Friday which agreed funding for the TSA, the US Coast Guard and the Federal Emergency Management Agency (FEMA), but not Immigration and Customs Enforcement (ICE) and Border Patrol. The shutdown of the Department Homeland Security (DHS), which will reach 44 days on Sunday, has left 61,000 workers without pay and caused major travel disruption. However, the arrival of the paychecks next week could see the nightmare end as early next week, according to travel experts. 'I suspect people will be showing up for work more consistently now, and these delays will come to a somewhat abrupt end,' aviation expert Sheldon Jacobson told Time. 'It may take a day or two for people to recalibrate themselves for work, but for the most part, I think, certainly by Tuesday or Wednesday, we should see a certain sense of normalcy around airport checkpoints.' TSA staffing shortages during the shutdown have led to security lines stretching for hours at major US airports. Pictured, long lines at New York's LaGuardia Terminal B is seen here President Donald Trump signed an emergency executive order to ensure TSA workers are paid amid the ongoing Department of Homeland Security shutdown The executive order does little to alleviate the shutdown, however, which is on track to eclipse the record 43-day shutdown last fall that affected all of the federal government. The blowback from House Republicans to the Senate funding deal that passed early on Friday came quickly. House Speaker Mike Johnson, upon opening the chamber for business, accused Democrats of playing a dangerous game and said he needed to talk with fellow Republicans about how to proceed. After a lengthy conference call, Johnson blasted the Senate's action and announced that the House would be going in a different route. ' This gambit that was done last night is a joke,' Johnson said. Johnson said House Republicans would instead seek to pass a bill that would fund the entire department until May 22. He also said he had spoken with Trump about the House Republican plan and the president supported it. House Republicans were livid that the bill passed by the Senate does not fund ICE and Border Patrol. Democrats refused to fund those departments without changes to immigration enforcement practices. ICE has remained operational during the shutdown due to prior funding allocations, even as other DHS agencies face disruptions. Pictured, ICE agents patrol at Washington Reagan National Airport in Arlington, Virginia Passengers stand in the TSA line after the Senate voted to end a partial government shutdown that has caused severe delays at airports across the country. Pictured, lines at Baltimore/Washington International Thurgood Marshall Airport in Baltimore, Maryland Travelers reported waiting up to four hours at checkpoints as fewer TSA agents showed up to work without pay. Pictured, travelers wait in a long security line at Terminal B at LaGuardia 'We're going to do something different,' Johnson said. He challenged the Senate to take up the House's short-term fix to fund Homeland Security into May, assuming that bill does pass the House, which is uncertain. But senators have left town after voting to fund most of DHS, so it would take time for them to return if the House ends up passing a different measure. And even if they were to return, Senate Democratic leader Chuck Schumer made clear the House GOP plan would be 'dead on arrival in the Senate, and Republicans know it.' House Democratic leader Hakeem Jeffries said his party's members are prepared to support the Senate bill. 'This could end, and should end, today,' Jeffries said. 'There is a bipartisan bill that has been sent over from the Senate that would reopen the non-controversial parts of the Department of Homeland Security.' Senators worked through the night to approve a bill by voice vote that would fund much of DHS. Senate Republicans said they were disappointed by the lack of funding for ICE and Border Patrol, but noted that immigration enforcement has remained largely uninterrupted. That is because the GOP's big tax cuts bill that Trump signed into law last year funneled billions of dollars in extra funds to DHS, including $75 billion for ICE operations. Travelers wait in line for security screening at Chicago O'Hare as hundreds of TSA agents quit or work without pay during a partial government shutdown Passengers line up at Luis Munoz Marin International Airport in Carolina, Puerto Rico, Conservative Republicans were adamant against establishing a precedent that allows Congress during the yearly appropriations process to fund some agencies within DHS, but not others. 'We will fully fund ICE. That is what this fight is about,' Sen. Eric Schmitt, R-Mo., said. 'The border is closing. The next task is deportation.' Democrats have refused to provide funding for ICE and the Border Patrol after the deaths of two Americans protesting the sweeping immigration crackdown in Minneapolis. They want federal agents to wear identification, remove their face masks and refrain from conducting raids around schools, churches or other sensitive places. Democrats have also pushed for an end of administrative warrants, insisting that judges sign off before agents search people's homes or private spaces, something Markwayne Mullin, the new DHS secretary, said he is open to considering. The rejection of the Senate deal creates a noticeable rift between Johnson and Senate Majority Leader John Thune, Republican-South Dakota, who have mostly worked in tandem this Congress trying to enact Trump's agenda. With all Democrats opposed, Thune had to find a solution to the funding impasse that would win the 60 votes needed to break a filibuster in the 53-47 Senate. After more than a week of intense negotiations, some involving the White House, the two sides agreed early Friday to fund all parts of DHS except for ICE and parts of CBP. An ICE agent assists TSA in screening passengers at a security checkpoint at O'Hare ICE agents check IDs at the TSA security checkpoint at Atlanta Airport. Trump deployed ICE agents to US airports on Monday, with border czar Tom Homan in charge of the effort It passed by voice vote with no objections from either side just after 2am. Asked if he had cleared the compromise with Johnson, Thune said the two had texted. 'I don't know what the House will do,' Thune said. The White House was silent as senators reviewed the compromise and Trump did not weigh in publicly. The next day, as the deal fell apart in the House, Thune did not respond to Johnson's comments that he was left in the dark. The speaker, asked about a rift with Thune, said Democrats in the Senate were to blame for the situation. The DHS shutdown has resulted in travel delays and even warnings of airport closures as more TSA workers missing paychecks stopped going to work. Multiple airports have been experiencing greater than 40 percent callout rates of TSA workers, and nearly 500 of the agency's nearly 50,000 transportation security officers have quit during the shutdown. Nationwide on Thursday, more than 11.8 percent of the TSA employees on the schedule missed work, according to DHS, equivalent to more than 3,450 callouts.

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Daily Mail Online29d ago
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End of TSA chaos in sight as Trump signs order to pay workers

Anthropic's Claude Mythos AI Model Leaked - Guardian Liberty Voice

Anthropic unintentionally revealed the details of an upcoming release, an exclusive CEO event, and other internal information, including images and PDFs in what seems to be a significant lapse in security. Leaked Anthropic Information The leaked information was made available by Anthropic's content management system (CMS), which is sued to publish information to parts of the company's website. Close to 3,000 assets were linked to the website blog that were not previously published to the public-facing news or research sites that were publicly accessible in the data cache, according to Alexandre Pauwels, a cyber security researcher at the University of Cambridge Fortune asked to review the material. Fortune informed the AI company of the issue on Thursday, March 26, 2026, and Anthropic took the steps to secure the information. But before the AI company took those steps, it stored the content on the website in a central system accessible without a login. Anyone with technical knowledge could make requests to the public-facing system to gain access to the files. Even though some of this data had not been published to the company website, the underlying system would return the digital assets being stored to anyone who knew how to ask, including unpublished materials. Most of the information appeared to be discarded or unused assets for blog posts, but some of the data appeared to contain sensitive, detailed information about upcoming products, including an unreleased AI model that Anthropic said represented a "step change" in AI capabilities, with significant improvements in "reasoning, coding, and cybersecurity." Cause of the Leak It appears the issue stems from how the CMS works. All assets uploaded to the central data store are made public by default, unless specifically set to private. Anthropic did not restrict access to these documents that were not supposed to be made available to the public, resulting in the large cache of files being available to the public data lake, according to cybersecurity professionals who spoke with Fortune. "An issue with one of our external CMS tools led to draft content being accessible," an Anthropic spokesperson told Fortune who attributed the issue to "human error in the CMS configuration." AI-Generated Code SNAFUs Lately, multiple tech companies have experienced technical problems due to AI-generated code or with AI agents. Anthropic, makes the Claude AI models and has boasted of automating a good portion of its internal software development using Claude-based AI coding agents, said AI was not the problem in this case. The CMS issues was "unrelated to Claude, Cowork, or any Anthropic AI tools," according to the spokesperson. The AI tech company sought to downplay the significance of some of the data that was left unsecured. "These materials were early drafts of content considered for publication and did not involve our core infrastructure, AI systems, customer data, or security architecture," according to the spokesperson. This is not the first time a tech company has unintentionally exposed internal assets by leaving them publicly accessible before official announcements. Twice, Apple leaked information through its website. Once, in 2018, upcoming iPhone names were publicly accessible hours before launch, and in 2025, a developer found that Apple shipped its redesigned App Store with debugging files still active, making the entire internal code of the site readable to anyone. Epic Games and Nintendo have also leaked pre-released images, in-game assets, and other media via content delivery network (CDNs) or staging servers, similar to the the data lake in the Anthropic case. Even Google has accidentally exposed internal documents at public URLs and data associated with Tesla vehicles was exposed through misconfigured third-party servers. Sources: Fortune: Exclusive: Anthropic left details of an unreleased model, an upcoming exclusive CEO event, in a public database CNBC: Cybersecurity stocks fall on report Anthropic is testing a powerful new model Yahoo Finance: Cybersecurity Stocks Take a HitL Palo ALto Drops 6%, Okta Tumbles 7% on AI Competition Fears Featured Image Courtesy of TORLEY's Flickr Page - Creative Commons License

Anthropic
Guardian Liberty Voice29d ago
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Anthropic's Claude Mythos AI Model Leaked - Guardian Liberty Voice

CRWD, PANW, ZS: BTIG Slams "Arms Race" Fears, Stock Selloff after Anthropic's New Model

Analysts have once again started dismissing jitters surrounding a new Anthropic model tailored for cybersecurity. BTIG has described media reports framing the new model as risking a new "arms race" as "completely wrong." Claim 30% Off TipRanks Premium * Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions * Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Shares of cybersecurity companies such as CrowdStrike (CRWD), Palo Alto Networks (PANW), and Zscaler (ZS) plunged on Friday after a draft blog post on Anthropic's new Claude Mythos model became public. According to Fortune, the new model is Anthropic's most powerful yet. Is AI Fueling Cyber Threats? The report notes that the AI startup is still testing the new tool -- which is said to have improved cybersecurity capabilities -- and anticipates a slow rollout due to potential security concerns. However, BTIG argued that investors and the media are misinterpreting what the update means. The financial services company contended that the update is essentially a warning about how AI heightens cyber risks, a situation that could have the opposite effect of what investors fear: generate more demand for cybersecurity vendors. To support its argument, BTIG reaffirmed its Buy rating on the aforementioned cybersecurity stocks and others: Cloudflare (NET), Netskope (NTSK), Okta (OKTA), Rubrik (RBRK), and SailPoint (SAIL). 'Software Will Eat AI' The investment bank's latest dismissal comes just weeks after several analysts similarly defended cybersecurity stocks, calling the selloff that trailed last month's preview of Anthropic's Claude Code Security as "overdone." In its noted title "Software will eat AI," HSBC (HSBC) argued that traditional software vendors are in a particularly strong position to develop AI-driven products, tapping into their years of experience in designing and beta-testing embedded AI agents. Similarly, BTIG analyst Gray Powell last week described data security solutions provider Rubrik as "an underappreciated AI-driven growth story." Powell predicted revenue growth for the company due to the surge in ransomware and wiper attacks in recent years. Which Is the Best Cybersecurity Stock to Buy? Of all the cybersecurity firms mentioned in this article, Netskope (NTSK) currently offers the biggest upside of 125.67%, according to the TipRanks Stock Comparison tool. This comes with a Strong Buy rating and an average price target of $17.67.

Anthropic
Markets Insider29d ago
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CRWD, PANW, ZS: BTIG Slams "Arms Race" Fears, Stock Selloff after Anthropic's New Model

Odds On: Prediction markets peg SpaceX IPO as likely by late June

"Odds On" is The Fly's weekly series diving into the most interesting bets on events trading platforms like Polymarket, Kalshi, and Robinhood. Subscribers, add $EBET to your Fly portfolios for alerts on news about events trading. Claim 30% Off TipRanks Premium * Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions * Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential BACKGROUND: The potential initial public offering of SpaceX has been widely discussed, but as of now there has been no official filing. However, the internal preparation for the IPO of SpaceX appears to be underway. Valuation expectations are unusually large. Estimates generally fall in the range of $1.5T-$1.75T, which would immediately place SpaceX among the largest publicly traded companies in the United States. The expected capital raise could reach tens of billions of dollars. SpaceX has historically avoided public markets, but it is believed that its current growth phase requires sustained investment. Starlink has become the primary revenue driver, operating as a global broadband network with recurring subscription income. At the same time, continued development of the Starship system and other infrastructure initiatives requires significant funding that may be more efficiently raised through public markets. There are also indications that the structure of the IPO could differ from typical offerings. Reports suggest a relatively larger allocation to retail investors than is standard, along with the possibility of rapid inclusion in major equity indexes. Publicly traded space-related companies have seen increased attention, and there has been a rise in speculative positioning tied to the potential listing. Secondary markets for private shares have also become more active. THE BET: Polymarket offers "SpaceX IPO by_?" with a total volume of$437,964. The six markets offered with an over 2% probability are April 30, May 31, June 15, June 30, September 30 and December 31. Traders on Polymarket are pricing in a 2% chance of SpaceX public offering by April 30. The "Yes" contract was last trading at 1.7c, while the "No" contract stood at 98.7c. There is currently a 11% chance of SpaceX public offering by May 31, according to Polymarket. The "Yes" contract was last trading at 12c, while the "No" contract stood at 90c. Market participants on Polymarket are pricing in a 28% chance of a SpaceX public offering by June 15. The "Yes" contract was last trading at 34c, while the "No" contract stood at 79c. Traders on Polymarket are pricing in a 74% chance of a SpaceX public offering by June 30. The "Yes" contract was last trading at 75c, while the "No" contract stood at 28c. There is currently a 90% chance of SpaceX public offering by September 30, according to Polymarket. The "Yes" contract was last trading at 90c, while the "No" contract stood at 11c. Market participants on Polymarket are pricing in a 93% chance of a SpaceX public offering by December 31. The "Yes" contract was last trading at 93c, while the "No" contract stood at 8c. THE RULES: This market will resolve to "Yes" if SpaceX completes an IPO by the listed date ET, as confirmed by official company announcements and credible news sources. Otherwise, this market will resolve to "No." The IPO refers to the first sale of stock by the listed company to the public on any recognized stock exchange. If SpaceX is acquired by another company that is already public, this market will immediately resolve to "No."

SpaceXPolymarket
Markets Insider29d ago
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Odds On: Prediction markets peg SpaceX IPO as likely by late June

Best Crypto Discord Servers 2026 - Coinspeaker

One of the harshest realities in crypto trading is that people enduring repeated losses are often those who ignore the learning curve, which could have helped them develop a solid trading idea, set realistic expectations, build confidence, and ultimately develop strong risk management techniques. This leaves them ill-equipped to navigate the unforgiving market, resulting in emotional trading and frustration. For those in this situation, walking away is not the ideal solution. Instead, they can revisit the learning curve they initially ignored by subscribing to trusted crypto Discord servers, where hands-on analysts share guidance, strategies, and insights. In this article, we highlight some of these crypto Discord servers, exploring their offerings in a neutral, descriptive manner. Among the most reliable places to gain clear guidance is Jacob's Crypto Clan, a Discord community managed by Jacob Crypto Bury, a seasoned analyst with a track record of success in helping traders bounce back through hands-on support, actionable signals, and direct mentorship. Alongside other experienced market analysts on the server, Jacob Crypto Bury offers trading ideas that go beyond surface-level speculation as well as early insights into under-the-radar projects, in-depth market analysis, and much more, with the ultimate goal of helping members stay ahead of the market. In a highly volatile crypto market where accuracy matters most, he has managed to stay consistent, delivering real value by identifying subtle market movements that only a few can spot and turning them into digestible trade ideas, particularly for members who enjoy high-risk, high-reward plays. Most importantly, every signal shared by him or by members of his team is rooted in extensive research, combining technical analysis with fundamental insights and project-specific updates to help traders make well-informed decisions. That alone explains why many of their trade setups have gone on to deliver wins for members. Beyond Discord, Jacob Crypto Bury's community extends to X and YouTube, alongside a Whop-based subscription model that grants exclusive access to premium benefits at budget-friendly prices. Given how much people trust the quality of his signals, it's hardly surprising that his following continues to expand every day. Next in line is Elite Crypto Signals, a top-tier crypto Discord server created in 2018 to provide traders with daily market updates, well-researched signals, and expert guidance. The signals presented by the server remain clear, comprising cogent information such as the best entry and exit points for trades to help members retain profits. More so, as one of the best crypto Discord servers around, Elite Crypto Signals takes a more analytical approach, breaking down potential high-growth opportunities based on fundamental and technical indicators. This format helps members stay ahead of the market through early signals, offering viable ways to maximize their money. At the same time, the server also prioritizes education and fact-based discussions, providing an intellectually stimulating space for people to engage with like-minded individuals on trending topics such as institutional adoption, DeFi innovations, regulatory developments, and many more. For those looking to get the most out of the server, Elite Crypto Signals' premium membership is the way to go. People here receive more accurate and frequent signals, along with VIP-level guidance from trusted experts. Cryptohub is the ideal Discord community for those looking to gain well-rounded knowledge on crypto trading and the strategies that suit each market outlook. It's been running since 2021, catering to the needs of everyday traders and investors through daily trade setups, starter guides, free trading materials, and other resources. Signals shared on the platform are curated by 15 professional analysts who have dedicated their lives to mastering the crypto market and delivering accurate predictions. Members also get access to recommendations for the best apps for their trades and airdrops, making it a valuable hub for those looking to navigate the complex market with confidence. More so, Cryptohub offers a full beginner course with risk management guides to help new members build a solid foundation in crypto trading. It is active 24/7 and well-moderated to keep members safe. Like many other top crypto Discord servers, Cryptohub provides premium membership options, starting at around $15 monthly. Choosing the right crypto Discord servers can be an uphill task, but if successful, it could be a reliable way of learning about the market, gaining expert-curated insights, and potentially executing profitable trades. This article lists some such groups, led by Jacob's Crypto Clan, evaluated by the success rate of their signals as well as the credibility of the individuals behind them. Disclaimer: This publication is sponsored. Coinspeaker does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or other materials on this web page. Readers are advised to conduct their own research before engaging with any company mentioned. Please note that the featured information is not intended as, and shall not be understood or construed as legal, tax, investment, financial, or other advice. Nothing contained on this web page constitutes a solicitation, recommendation, endorsement, or offer by Coinspeaker or any third party service provider to buy or sell any cryptoassets or other financial instruments. Crypto assets are a high-risk investment. You should consider whether you understand the possibility of losing money due to leverage. None of the material should be considered as investment advice. Coinspeaker shall not be held liable, directly or indirectly, for any damages or losses arising from the use or reliance on any content, goods, or services featured on this web page.

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Coinspeaker29d ago
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Best Crypto Discord Servers 2026 - Coinspeaker

Anthropic redies Mythos model with high cybersecurity risk

Anthropic accidentally revealed Claude Mythos, its most advanced AI, via public website assets; details hint at major breakthroughs. Anthropic has inadvertently confirmed the existence of its most powerful AI model to date after a configuration error in the company's content management system left close to 3,000 unpublished assets in a publicly searchable data store. Among the exposed materials was a draft blog post describing a model called Claude Mythos, and an alternate version branded as Capybara, which would sit in a completely new tier above Opus, the current top of Anthropic's Haiku / Sonnet / Opus hierarchy. We have finished training a new AI model: Claude Mythos. It's by far the most powerful AI model we've ever developed. The draft describes Mythos as "larger and more intelligent than our Opus models," with the name chosen to evoke "the deep connective tissue that links together knowledge and ideas." M1 spotted the leaked draft pages before they were taken down, noting two tab versions, "v1 Mythos" and "v2 Capybara", suggesting Anthropic was still deciding between names for the same underlying model. Anthropic confirmed the model to Fortune, calling it a "step change" and "the most capable we've built to date," with meaningful advances in reasoning, coding, and cybersecurity. That last point is where things get complicated: the draft warns that Mythos poses unprecedented cybersecurity risks, describing it as far ahead of any other AI model in cyber capabilities and cautioning that it could enable attacks that outpace defenders. This is not hypothetical for Anthropic; the company previously disclosed that a Chinese state-sponsored group exploited Claude Code to infiltrate roughly thirty organizations. Cybersecurity stocks dropped following the leak, and the model's rollout plan reflects this concern: early access is restricted to organizations focused on cybersecurity defense, giving them a head start before broader availability. Compared to our previous best model, Claude Opus 4.6, Mythos gets dramatically higher scores on tests of software coding, academic reasoning, and cybersecurity, among others. In preparing to release Claude Mythos, we want to act with extra caution and understand the risks it poses -- even beyond what we learn in our own testing. In particular, we want to understand the model's potential near-term risks in the realm of cybersecurity -- and share the results to help cyber defenders prepare. The model is also described as extremely compute-intensive and expensive to serve, with Anthropic stating it needs to become "much more efficient before any general release." This draws a parallel to OpenAI's GPT-4.5, which was similarly costly and never achieved wide adoption at its price point. Whether Mythos ultimately ships under that name, as Capybara, or under something else entirely remains unclear. No public timeline has been given, and Anthropic characterized the exposed documents as "early drafts of content considered for publication." For developers and enterprise customers, the key question is whether this fourth tier will deliver enough of a capability jump to justify what will likely be a premium price, or remain a niche research tool accessible only to well-funded organizations.

Anthropic
TestingCatalog29d ago
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Anthropic redies Mythos model with high cybersecurity risk

Anthropic Knew the Math. It Sold the Tickets Anyway

On March 23, Anthropic throttled Claude sessions during peak hours without warning. Subscribers paying $200 a month watched their allowance vanish on a single prompt. The company calls it adjusting. The math says otherwise: a $20 subscriber costs nearly $60 in inference. AOL tried unlimited at a flat rate in 1996 and paid for it. The question is not why Anthropic is rationing seats. It is why anyone expected flat-rate AI pricing to survive. On March 23, Anthropic's paying Claude subscribers discovered their sessions had been throttled without notice. Max users handing over $200 a month watched their daily allowance vanish on a single prompt. Developers on the West Coast, opening their laptops at 8 a.m., found themselves locked out before writing a line of code. Call it "adjusting." Better: call it rationing. Thariq Shihipar, a member of Anthropic's technical team, confirmed on Wednesday that the company now limits session capacity during "peak hours," weekdays from 5 a.m. to 11 a.m. Pacific. Weekly caps stay the same, he assured. You'll just burn through them faster during the only hours that matter. That is the logic of an airline that overbooks every flight, then explains your ticket is still valid, you simply can't board during business hours. Only 7% of users are affected, Anthropic added. One imagines the airline making the same announcement over the PA system. The numbers that explain this crisis were always public. Anthropic's own API pricing reveals the gap. A moderate subscriber paying $20 a month generates roughly $58.50 in inference costs. Nearly three dollars consumed for every dollar collected. Power users on the top-tier plan burn multiples more. The company acknowledged last August that some subscribers were consuming "tens of thousands of dollars in model usage" against flat-rate plans. None of this was secret. The company sold subscriptions it knew were underwater, then flinched when customers took the product seriously. America Online killed hourly billing that December and promised unlimited access for a flat fee. Users took AOL at its word, lines jammed for weeks, and state attorneys general forced a settlement. The lesson was plain: "unlimited" works as a customer acquisition strategy precisely until customers believe it. Thirty years later, Anthropic is replaying the same tape at GPU scale. The technology changed. The arithmetic did not. Carl Shapiro and Hal Varian warned about exactly this failure mode in Information Rules, their 1998 study of pricing in digital markets. Their central argument was deceptively plain: information goods with variable consumption demand versioned pricing, not flat rates. Flat-rate pricing for goods with nonzero marginal cost is a bet against your own success. The more customers you acquire, the faster the economics invert. Anthropic's revenue has grown by multiples since 2025. That growth, on money-losing unit economics, does not solve the problem. It compounds it. The deeper dishonesty is structural. A casual user who asks Claude two questions over morning coffee costs pennies to serve. A developer running agentic coding loops all morning, cursor ticking through request after request, burns a hundred times the compute. Anthropic knew this distribution existed. It published the API rates that prove it. Yet it kept selling a single price tier as if usage were uniform. When the transition from subsidy to metering arrived, Anthropic handled it the worst way possible: without warning. Its own support chatbot went down during the chaos. Google had pulled the same move weeks earlier, restricting AI Ultra subscribers without explanation. The pattern is becoming an industry template: sell the subscription, ration the service, blame the peak. The throttled window opens at five in the morning, Pacific time, and doesn't close until eleven. That is the West Coast workday. A developer in San Francisco sits down at eight and walks straight into the limit. Users who reorganized their toolchains around Claude, who let competing subscriptions lapse because Anthropic's product was better, discover the product they depend on carries a conditional asterisk they were never shown. And the opacity is not new. Anthropic has a documented pattern of imposing limits users cannot see coming, creating a persistent gap between what subscribers pay for and what they receive. Hours after Anthropic's announcement, OpenAI's Codex engineering lead posted on X that the company had lifted all usage limits. The post pulled hundreds of thousands of views. If Anthropic wanted to design a customer acquisition campaign for its chief rival, it could not have built a more effective one. The defense will sound reasonable. Demand surged after the QuitGPT movement sent users flooding from ChatGPT to Claude. The app hit number one on the U.S. store. GPU capacity doesn't materialize over a weekend. All true. All foreseeable. But foreseeability is the point. The QuitGPT surge was a windfall Anthropic actively celebrated. It watched the download numbers climb. It updated its marketing. And it did not update its capacity planning or its subscriber communications to match. A company that accepts a massive surge in sessions without preparing its infrastructure or warning its customers is not a victim of success. It is a beneficiary of attention that refused to pay the operational cost of receiving it. Customers forgive price increases. They do not forgive bait-and-switch.

CHAOSAnthropic
implicator.ai29d ago
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Anthropic Knew the Math. It Sold the Tickets Anyway

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears - EconoTimes

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks dropped 6%, Zscaler slid 4.5%, while Okta, SentinelOne, and Fortinet each lost around 3%. The selloff was triggered by a Fortune report revealing that internal documents about Anthropic's unreleased model, codenamed "Claude Mythos," were mistakenly stored in a publicly accessible and searchable data cache. Anthropic attributed the exposure to a human configuration error within its content management system. The leaked material introduced a new model tier called "Capybara," designed to surpass the company's existing top-tier Opus model in coding, academic reasoning, and cybersecurity performance. Anthropic described Claude Mythos as the most powerful AI system the company has ever built. An Anthropic spokesperson confirmed the company is actively developing a model with significant advances in reasoning, coding, and cybersecurity, emphasizing a careful and deliberate release strategy. The leaked draft reportedly warned that the model's cyber capabilities significantly outpace any existing AI, raising concerns that it could trigger a wave of advanced exploits that overwhelm traditional defense systems. Wall Street analysts quickly weighed in on the broader implications. Raymond James' Adam Tindle warned that AI-driven attack capabilities could erode conventional cybersecurity advantages, increase attack complexity, and shift how organizations allocate security spending. Evercore ISI's Kirk Materne cautioned that the sector faces a prolonged adjustment period as long as it continues reacting sharply to every AI development. Stifel's Adam Borg framed Claude Mythos as potentially transformative, suggesting it could elevate even low-level hackers to near nation-state threat levels. Despite near-term market anxiety, analysts broadly agree that escalating AI-powered threats will push cybersecurity higher on enterprise IT agendas, ultimately accelerating investment in modern, AI-integrated defense solutions away from outdated legacy tools.

Anthropic
EconoTimes29d ago
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Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears - EconoTimes

Pension fund alert in gilt market chaos

Pension funds are being asked to put up more cash to cover hedging positions amid a sell-off in bonds - in an uncomfortable echo of the meltdown under Liz Truss. The cash calls come as UK bonds, known as gilts, take a pounding amid the market mayhem caused by the war in Iran. Yields on ten-year gilts, which rise as their price falls, spiked to more than 5.1 per cent at the start of this week. They eased after US President Donald Trump's claim the US was in peace talks was Iran. But with the conflict continuing to choke off energy supplies from the Middle East, the sell-off has since resumed and gilt yields yesterday soared back above 5.1 per cent. The sell-off causes problems for pension funds which invest in gilts and may use them as collateral for financial instruments employed as part of 'liability driven investment' (LDI) strategies. Meltdown: Pension funds are being asked to put up more cash to cover hedging positions amid a sell-off in bonds When bonds sell off, the value of that collateral falls. That can mean the funds are asked to post cash to make up the shortfall. Pensions consultancy XPS said a small number of its clients needed to meet cash calls on LDI positions this month, but that the market was operating normally. Rival consultancy Mercer said it had knowledge of a fund that met a cash call this month, but that its own clients were unaffected. James Lewis, UK chief investment officer at Mercer, said: 'If yields do keep going up, I suspect we will see multiple managers making capital calls. But I would expect that to be dealt with in an orderly fashion.' At the time of the 2022 crisis after former prime minister Truss's disastrous mini-Budget, bonds sold off so quickly that the market was flooded with cash calls. Funds had to sell up to raise the cash, prompting their values to fall even further. The meltdown forced the Bank of England to step in and ultimately costed Truss her job. Britain's latest bond sell-off has not been as rapid, but yields are higher now than they were back then and the rise in them this month is on course to be the steepest in four years. The impact has also been unlike 2022 due to reforms that have made LDI less exposed to market swings. Yet it will be politically embarrassing for Rachel Reeves's handling of the economy to be compared to that of Truss and her Chancellor Kwasi Kwarteng. DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosLearn MoreLearn MoreHargreaves LansdownHargreaves LansdownFree fund dealing and investment ideasLearn MoreLearn Moreinteractive investorinteractive investorFlat-fee investing from £4.99 per monthLearn MoreLearn MoreFreetradeFreetradeInvesting Isa now free on basic planLearn MoreLearn MoreTrading 212Trading 212Free share dealing and no account feeLearn MoreLearn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you

CHAOS
Daily Mail Online29d ago
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Pension fund alert in gilt market chaos
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