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Secondary-market valuation hits $1.5T, up 25% in a month, as sellers hold out for the IPO. Buyers are demanding direct cap table exposure, traders say.

OpenAI slashed GPT-5.6 Luna by 80%. TD Cowen data shows usage jumped 14-fold and revenue rose 34%, a pattern that echoes the Jevons Paradox of the 19th century.

Groq will put Nvidia systems in its data centers, letting GroqCloud customers access Nvidia tech. Analysts call the $20B deal a strategic win that neutralizes a rival.

Cliff Tan apologized for a Dreamina ad after fans accused him of selling out. He told BI ignoring AI would be 'irresponsible' for an interior designer.

The SEC shelved its Reg Crypto meeting; no new date is set. Bitcoin's 2026 drop tops 28%, and Citi ties ETF flows to 45% of BTC weekly moves.

The SEC cancelled its Aug. 14 open meeting on new rules for crypto investment contracts, postponing a vote on an offering pathway for issuers.

The SEC shelved its tokenization exemption to avoid undermining CLARITY Act negotiations. The Senate has a cloture vote set for September 15.

Trezor's logistics partner exposed 13,689 customer records. Wallets and keys are safe, but phishing, SIM swaps and physical targeting risks rise. Here is how to respond.

Park Soo-young says the 22% crypto tax would push capital abroad, citing 124 trillion won in overseas exchange flows; the levy starts Jan. 1, 2027.

Karen Millen opens three concession stores in UK starting Friday, marking its return to physical retail after seven years. CEO Dan Finley calls it a significant moment for the brand.

Asda creates a new breakfast cereal from its own-label oats and produces it during factory downtime, donating 200 tonnes to Felix for summer-holiday families in need.

Frasers Group buys Harvey Nichols out of administration, gaining luxury brand relationships and Knightsbridge prestige. Analyst says the deal is cheap, but the concession model makes positioning fragile.