Scram News

Tag

#SEC

Banking

BlackRock Q2 profit rises 20% as assets hit $15.3tn

BlackRock Q2 profit rose 20 per cent and assets under management hit a record $15.3 trillion as net inflows reached $192 billion.

By Avery Lin
Regulation

Brian Kahn fraud case dropped in $300mn Prophecy probe

Brian Kahn fraud case was dropped as US prosecutors moved to dismiss a $300mn Prophecy indictment before trial, easing one legal overhang.

By Tomás Iglesias
Crypto

BlackRock ETHB ETF declares first $351,670 staking yield distribution

BlackRock's iShares Staked Ethereum Trust ETF (ETHB) will pay $351,669.96 in its first cash distribution from staking rewards on June 9, turning an abstract crypto-ETF structure into a measurable income product for the first time.

By Caleb Mwangi
Deals

SpaceX IPO filing sets $75bn test for 2026 deals

SpaceX IPO filing sets a $75bn fixed-price test as investors weigh Musk control, AI infrastructure costs and the 2026 listing window.

By Sloane Carrington
Stocks

Dropbox (DBX) CEO Drew Houston to step down after 19 years

Dropbox CEO Drew Houston will become executive chairman as Ashraf Alkarmi moves toward the top job, putting succession and AI execution in focus.

By Avery Lin
Markets

SpaceX's retail IPO experiment puts brokers in the hot seat

SpaceX IPO retail access through Robinhood, Fidelity and Schwab widens the queue, but it also pushes allocation risk and volatility into broker apps.

By Naomi Voss
Crypto

Grayscale amends HYPE ETF filing as the crypto fund race broadens beyond bitcoin and ether

Grayscale's amended HYPE ETF filing follows early inflows into rival Hyperliquid funds, showing crypto ETF competition is moving beyond Bitcoin and Ether.

By Caleb Mwangi
Deals

Cheap AI models threaten OpenAI, Anthropic trillion-dollar IPOs

Chinese AI labs charge $1.74 per million tokens versus $25 to $30 for Western models. Enterprise CFOs are routing 69% of workloads to cheap alternatives — just as OpenAI files for a $1 trillion IPO.

By Sloane Carrington
Deals

Blockchain.com confidentially files for US IPO as crypto firms push for public listings

Blockchain.com has confidentially filed for an IPO with the SEC, joining Circle, Gemini, and BitGo in a wave of crypto-native companies seeking public listings as the regulatory environment shifts.

By Naomi Voss
Deals

OpenAI to Confidentially File IPO Draft Friday: Sources

OpenAI prepares to confidentially file a draft IPO prospectus as soon as Friday with Goldman Sachs and Morgan Stanley as lead underwriters, sources say.

By Naomi Voss
Analysis

SpaceX S-1 Filing: Starlink Made $4.4B. AI Lost $6.4B. The IPO Targets $1.75T.

SpaceX lost $4.94B in 2025 as AI capex hit $12.7B, its S-1 filing revealed. Starlink's $4.4B operating profit funded a $6.4B AI division loss. The $1.75 trillion IPO opens what could be the largest listing year in history.

By Sloane Carrington
Deals

SoftBank Surges 20% as OpenAI's IPO Pipeline Starts Pricing Into Related Equities

SoftBank Group shares surged nearly 20 per cent in Tokyo morning trading after reports that OpenAI and SB Energy are preparing US IPOs, proving the anticipated listings are already pricing into related equities weeks before any S-1 filing.

By Naomi Voss
Regulation

'Crypto Mom' Hester Peirce to Leave SEC for Regent Law Faculty

Hester Peirce, the SEC's longest-serving crypto advocate, will leave the commission in November 2026 to teach at Regent Law. Her departure removes the most consistent pro-crypto voice from an agency that will shrink to three members — the bare minimum for a quorum.

By Tomás Iglesias
Markets

Korea Exchange turns stock volatility into a weekly trade

Korea Exchange weekly options would deepen hedging in Seoul, but in a retail-heavy market they could also make single-stock volatility the product.

By Sloane Carrington
Crypto

Standard Chartered's $4tn tokenization call is really a DeFi market-structure bet

Standard Chartered's $4 trillion forecast matters because it implies DeFi could become the lending and settlement layer for tokenized institutional assets.

By Sloane Carrington
Regulation

SEC reset keeps adviser, retail-fraud cases in focus

Paul Atkins says the SEC will judge enforcement by quality, but David Woodcock's early signals suggest adviser misconduct and retail fraud still sit near the top of the docket.

By Tomás Iglesias
Regulation

House panel presses Trump to fill CFTC as crypto agenda grows

House Agriculture leaders pressed Donald Trump to fill four empty CFTC seats as the agency's role in crypto market structure and prediction markets widens.

By Tomás Iglesias
Earnings

Xanadu (XNDU) reports 4x revenue growth, wider first-quarter loss

Xanadu's first quarterly report offered public investors an early test of whether quantum-computing revenue can scale fast enough to offset rising losses and heavy commercialisation spending.

By Avery Lin
Crypto

Strategy (MSTR) flags bitcoin sales for $1.5bn debt buyback

Strategy said it may use bitcoin sales, cash or ATM stock issuance to fund a $1.5 billion repurchase of 2029 notes, forcing investors to weigh debt cleanup against treasury risk.

By Caleb Mwangi
Regulation

Warren spotlights $75m crypto loan structure as SEC debate widens

Elizabeth Warren's scrutiny of a $75 million loan backed by WLFI tokens shows how crypto regulation may shift toward collateral quality, disclosure and conflicts.

By Tomás Iglesias
Regulation

Atkins' off-channel critique signals a narrower SEC playbook

Paul Atkins' attack on the SEC's off-channel sweep suggests Wall Street may face fewer broad settlement drives, but tougher triage around investor harm.

By Tomás Iglesias
Banking

Pagaya taps public ABS as private-credit buyers grow selective

The lender's $385 million auto ABS and $800 million personal-loan deal suggest public securitisation is becoming the cleaner funding lane as private-credit buyers ask harder questions.

By Naomi Voss
Crypto

Hyperliquid jumps as Bitwise ETF and Coinbase USDC push lift HYPE

Hyperliquid's HYPE token climbed after Bitwise launched its BHYP ETF and Coinbase deepened USDC plumbing on the protocol, giving traders a named institutional-flow catalyst for the move.

By Caleb Mwangi
Regulation

SEC, CFTC align on six enforcement fronts

SEC and CFTC launched coordination across six regulatory fronts to eliminate duplicative enforcement, CFTC Chair Michael Selig said.

By Tomás Iglesias
Regulation

Prosecutors charge 30 in BigLaw M&A insider trading ring

Federal prosecutors have charged 30 defendants in a decadelong insider trading scheme that saw M&A lawyers at six major US law firms steal confidential deal data and funnel it to traders.

By Tomás Iglesias