“Bitcoin slid toward $68,000 on Tuesday, with traditional markets closed in Hong Kong for a long weekend, as repeated failures near $70,000 left the bitcoin market vulnerable to a break lower. The drop came after another failed push above $70,000, with prices slipping quickly once they approached the lower end of the $65,000 to $73,000 range that has defined trading since late March. Intraday losses accelerated near that boundary, highlighting how little support exists when momentum turns. That calm is not being driven by strong demand. Recent Glassnode data shows softer trading volumes and subdued onchain activity even as prices recover, indicating limited participation behind the move.” (04/07/26)
“This global race for AI dominance through abundant, scalable power and computation is already underway. Yet much of our domestic debate fixates on scarcity as if the pie were fixed forever, which leads to moralized calls about who then gets to use the limited resources we have. Once electricity becomes a hierarchy of virtue, you may not like where you land. This reflex is bipartisan. On the right, suspicion settles on coastal tech elites siphoning power from ‘real Americans.’ On the left, it gathers around corporate excess and environmental harm. When confidence in builders erodes, it does not leave a vacuum: Gatekeepers step forward. … Once you decide the pie cannot grow, an authority must divide it, looking for villains, assigning virtue, declaring some uses essential and others indulgent.” (04/06/26)
“Ukraine is continuing its attacks on Russian oil infrastructure despite calls from the West seeking to end such strikes. Russian officials on Sunday said Ukrainian drones struck an oil refinery operated by Lukoil and a Baltic pipeline near St Petersburg. The governor of Russia’s Nizhny Novgorod region said air defence units had repelled a 30-drone barrage. Last week, Ukrainian president Volodymyr Zelensky said that some allies have signalled for Ukraine to reduce long-range strikes on Russia’s oil sector due to rising global energy prices. Zelensky said he would be happy to do so – but only if Russia reciprocates by stopping its own attacks on the Ukrainian grid.” (04/06/26)
“In a 1961 speech, President John F. Kennedy captured the imagination of the people. He asked the world to see a man on the moon. Back then, such could only be a feat of technocracy — the idea that officials can work wonders if they have enough experts and largesse. And they did it. But, the moon landing had been peak technocracy — pushing the limits of what could be achieved in terms of expense, tax funding, and complication. Prior to that, though, Kennedy had put a symbol in people’s minds.” (04/06/26)
“British officials are moving swiftly to court Anthropic after the US Defense Department labeled it a supply-chain risk for refusing military use of its Claude AI system. The designation, currently blocked by a federal judge, has created a diplomatic and regulatory opening for the UK to position itself as a more supportive base for AI firms. Prime Minister Keir Starmer’s administration is backing the pitch, which includes expanding Anthropic’s London operations and a potential London Stock Exchange listing.” (04/06/26)
“Content-focused policies risk censoring speech without fixing the underlying business model that pushes noxious material where it will do the most damage.” (04/06/26)
“Perhaps Donald Trump was persuaded—by his generals, by his buddies in Silicon Valley, by Israeli Prime Minister Benjamin Netanyahu—that American military superiority would make quick work of the Iranian military. In addition to the aircraft carriers, the Stealth bombers, the Tomahawk missiles, and the High Mobility Artillery Rocket System, Trump could also call upon the assistance of Claude and his buddies.” (04/06/26)
“A federal appeals court ruled on Monday that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events. A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals ruled 2-1 in finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction over the sports-related event contracts that Kalshi allows people to trade on its platform. … The ruling was in line with the position advanced in other litigation by the CFTC under President Donald Trump’s administration. The regulator last week sued Arizona, Connecticut and Illinois to prevent them from pursuing what it called unlawful efforts to regulate prediction markets.” (04/06/26)
