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SourceCointelegraph

California Senate passes bill to ban memecoin issuance by public officials

The bill seeks to prohibit the listing of memecoins issued by federal public officials to California residents, citing conflicts of interest and “pay-to-play arrangements.”
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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08-16 14:01

People Are Turning to AI for Mental Health, California Wants It Banned

A California bill is awaiting an Assembly vote to "place guardrails" around AI chatbots and prevent them from acting as therapists.

07-08 10:05

Chip startup SambaNova raises $1 billion, valuing the company at $11 billion.

Mars Finance reported on July 8th that SambaNova Systems, a chip startup backed by Intel's venture capital arm, has completed a $1 billion Series F funding round, valuing the company at $11 billion. The company is scheduled to officially announce the news on July 8th local time. (Wide Angle Observation)

07-07 12:04

Amazon plans to raise at least $25 billion through a dollar bond issuance.

According to BlockBeats, on July 7, Amazon plans to raise at least $25 billion through a dollar bond issuance.

07-07 02:51Important

Bankr has enabled token issuance on the Robinhood Chain.

BlockBeats reported on July 7th that Bankr has announced support for direct token issuance on the Robinhood Chain. Users can quickly deploy in two ways: by replying on X or by selecting the chain directly in the Bankr console. Token creators will receive 95% of transaction fees, and 15% of the token supply will be released linearly over two years to the fee-receiving address (90-day cliff unlock).

07-06 13:05

Opinion: Warsh should publicly resist Trump's pressure on the Federal Reserve and uphold the central bank's independence.

According to Mars Finance, on July 6th, Bloomberg columnist Jonathan Levin published an article stating that US President Trump and his allies are continuously pushing to influence Federal Reserve decisions through personnel changes, including attempting to replace Fed Governor Lisa Cook and interfering in the selection of the Federal Reserve Bank of Atlanta president, in order to expand the influence of White House supporters on the Federal Open Market Committee (FOMC). Levin believes that Kevin Warsh, considered a leading candidate for the next Fed chair, should publicly oppose White House interference, support Jerome Powell and Cook to complete their terms, and demand that the White House withdraw from the selection process for regional Fed presidents; otherwise, his future credibility in leading the Fed and his influence within the committee will be weakened. The Fed's independence is key to maintaining stable inflation expectations and the credibility of monetary policy; continued political interference could damage the stability of the US macroeconomy.

07-06 10:59

Is the first humanoid robot company to go public on the A-share market coming? Unitree Robotics' IPO registration on the Science and Technology Innovation Board has been approved, with plans to raise 4.202 billion yuan.

According to Odaily Odaily on July 6, the Shanghai Stock Exchange website shows that the IPO application status of Unitree Technology Co., Ltd. on the Science and Technology Innovation Board has changed to "registration effective". It is reported that Unitree Robotics plans to issue no less than 40.4464 million new shares in its IPO, accounting for no less than 10% of the total share capital after the issuance, with a planned total fundraising amount of 4.202 billion yuan. According to the prospectus, from 2023 to 2025, the company's operating revenue was 159 million yuan, 393 million yuan, and 1.699 billion yuan, respectively, and its net profit was -11.1451 million yuan, 95.4747 million yuan, and 278 million yuan, respectively, making it one of the few profitable high-performance general-purpose robot companies globally. (Bianews)