Author: Charlotte

NBA Commissioner Adam Silver speaks with the media before Game 1 of the 2026 NBA Finals. • Complete coverage: 2026 NBA Finals SAN ANTONIO — The presence in these NBA Finals of Victor Wembanyama, the franchise-rejuvenating, coveted and consensus No. 1 overall pick in 2023 that landed with the San Antonio Spurs, loomed as the backdrop to NBA commissioner Adam Silver’s comments Wednesday about the league’s newly announced lottery reform. Silver said he was “thrilled, frankly” with changes to the Draft Lottery format that will be in place next season to discourage the sort of rampant tanking that saw as many…

Mumbai: Major brokers are preparing to roll out algorithmic tools for retail traders over the next few months, amid greater regulatory clarity on retail participation in such trading practices.The move is set to not only help brokers expand revenue streams by charging fees to access the trading algorithms (algos), but also help fintech firms scale up by distributing their algo strategies across multiple platforms. Retail clients may be able to access such strategies for as little as ₹5,000 per strategy.Algorithmic or algo strategies use computer programs or pre-set formulas to execute trades when certain conditions like price, volume or technical…

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Steve Cohen’s $50.7 billion hedge fund has continued its strong run of returns with a 2% gain in May, a person close to the firm tells Business Insider.That gain puts Cohen’s firm at 10.5% for the year, following a 17.5% gain in 2025, when the manager outperformed its main rivals in the multistrategy space, namely Millennium and Citadel.May was generally good for big-name managers, people close to the firms told Business Insider. Millennium was up 2.4%, pushing its 2026 gains to 6.1%. Balyasny is now positive for the year thanks to a 1.4% gain last month. Still, funds struggled to…

Pi Launchpad on Testnet Pi has been iterating on the design of ecosystem tokens on Mainnet that was released on Open Network’s first anniversary. Given the importance of the ecosystem token layer of the Pi ecosystem and that the Pi Launchpad is the primary means to get quality ecosystem tokens on Mainnet aligned with Pi’s vision, a Pi Request for Comment (PiRC) was published to solicit feedback from the community. Now, the initial version of the Pi Launchpad that implements the mechanism in Design 1 in the PiRC has been released as a Pi App on the Testnet with a…

Categorised: Crypto, The Stream | Tags: Arca, Clarity Act, Galaxy Digital, institution, OTC, prediction marketsPosted by Colin Lambert. Last updated: June 4, 2026 Tapping into the current hot topic, Galaxy Digital says it has opened an OTC prediction markets offering, targeting hedge funds, family offices and other institutional clients. The firm says the service, which will offer non-sports event contracts traded on Kalshi and Polymarket, enables institutions to access prediction market liquidity “at sizes and with a level of discretion not available through retail interfaces”. The firm says it has plans to expand the offering to other platforms, and is…

Acquisition Expected to be EBITDA Accretive and Expand T1’s Commercial Reach into Battery Energy Storage Systems DevelopmentAUSTIN, Texas and NEW YORK, June 03, 2026 (GLOBE NEWSWIRE) — T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) announced this morning it has entered into a definitive agreement to acquire KORE Power, Inc., an established engineering-focused BESS (Battery Energy Storage Systems) and software solutions provider supporting industrial hyperscaler development. The purchase enterprise value consists of approximately $32 million of equity, cash, and assumption of debt at anticipated closing in Q2 2026. The transaction is expected to provide T1 with an…

The Federal Reserve’s top banking regulator just told Congress something the crypto industry has been waiting years to hear: tokenized securities should get the same capital treatment as their traditional counterparts, and stablecoin issuers need a clear regulatory path forward. Vice Chair for Supervision Michelle Bowman delivered testimony before the House Financial Services Committee on June 4, covering everything from community bank relief to artificial intelligence. But the sections on digital assets carried the most weight for anyone watching the intersection of traditional finance and crypto. What Bowman actually said about digital assets Bowman’s core argument on tokenized securities is…

franckreporter/iStock via Getty Images The RiverPark Long/Short Opportunity Fund ((the “Fund”)) declined 9.77% in the first quarter of 2026, compared to a decline of 4.33% for the S&P 500 Total Return Index. Markets opened the year on solid footing but turned sharply volatile as the quarter progressed. The dominant macro shock was the escalation of the conflict with Iran, which intensified in late February and culminated in Iran’s closure of the Strait of Hormuz in early March, a waterway through which roughly 20% of global maritime petroleum trade is shipped. Brent crude surged above $100 per barrel for the first…

Pierre Poilievre popped up before reporters who were waiting outside a cabinet meeting on Tuesday and in the span of 10 minutes the Conservative leader managed to use the word “recession” more than two dozen times.”Mr. Trump’s policies are affecting all G7 countries, and none of them are in recession. Mexico shares a border with the United States. Mexico is not in recession. Only Canada, under Mark Carney’s Liberal policies, is in a recession,” Poilievre responded when one reporter asked whether voters might blame Donald Trump for the recent weakness in Canada’s GDP. “France is not in a recession. The U.K.…