Bitcoin hits lowest price since February as crypto competes for liquidity with blockbuster IPOs

Source: CNBC

“Bitcoin declined Wednesday to its lowest levels since February as other asset classes continued to lure investors away from cryptocurrencies. The world’s largest cryptocurrency fell to as low as $65,385, dropping 2.3%. That came after the S&P 500 and Nasdaq 100 closed at records on Tuesday. Asian stocks mostly rose with Japan’s Nikkei 225 hitting a record high Wednesday. … Investors may be freeing up liquidity from bitcoin for opportunities in private markets or with initial public offerings such as SpaceX, OpenAI and Anthropic, QCP said.” (06/03/26)

https://www.cnbc.com/2026/06/03/bitcoin-crypto-ipos-market.html

Interstate trade wars are a new front line in red vs. blue

Source: Washington Post
by Ramesh Ponnuru

“Some conflicts among the states are inevitable and perhaps even healthy in our system. But rules must restrain those conflicts so that they do not undermine important national goods such as freedom of commerce among the states. … The Constitution therefore includes several restrictions on what states can do to one another and a commerce clause that hands regulatory power to Congress. For almost all of America’s history, the Supreme Court has inferred from that clause that state governments can’t regulate interstate economic activity … But the justices have, unfortunately, grown less and less willing to enforce those limits on the states.” (06/02/26)

https://archive.is/PF9SU

Trump signs order seeking early access to powerful AI models before release

Source: NBC News

“President Donald Trump signed a landmark executive order Tuesday that lays the foundation for federal testing of the world’s most powerful AI systems before they are publicly released. The order, signed in private, directs federal agencies — including the Defense Department, the Treasury and the Cybersecurity and Infrastructure Security Agency — to shore up the country’s cybersecurity defenses for critical infrastructure and charts out a mechanism for the federal government to test and vet the most powerful AI systems for safety issues before they are deployed. The testing would rely on voluntary collaboration from America’s leading AI companies, like Anthropic, OpenAI and Google.” (06/02/26)

https://www.nbcnews.com/tech/tech-news/trump-ai-executive-order-rcna348072

Statesmanship and the Classical Liberal Order

Source: Independent Institute
by Alexander William Salter

“There is a tension at the heart of political economy. Is it the science of statesmanship, by which rulers manage taxation, commerce, public finance, and national prosperity? Or is it the science of self-government, meaning the study of how free people coordinate their affairs without constant management from above? These conceptions appear to conflict. Statesmanship implies centralized judgment. Self-government implies decentralized judgment. One vision emphasizes what governments do for societies, while the other emphasizes what societies can do for themselves.” (06/02/26)

https://www.independent.org/article/2026/06/02/statesmanship-and-the-classical-liberal-order/

France: Fourth-century coin and mysterious inscriptions found under Notre Dame cathedral

Source: CBS News

“Wilting in the summer sun, a line of tourists waits to climb Notre Dame cathedral and meet its gargoyles. Four meters (13 feet) beneath them, a team of archaeologists is digging the other way – straight down and back in time, to Roman Paris 2,000 years ago. … a slice of Notre Dame’s forecourt has become an excavation site – an open pit ringed by barriers and crossed by a wooden walkway, a few steps from the line-up. … Among the hundreds of objects already found: a fourth-century coin stamped with the face of the Emperor Constantine, and shards of medieval pottery painted on the inside with marks no expert has yet deciphered — like a modern Da Vinci Code.” (06/02/26)

https://www.cbsnews.com/news/notre-dame-cathedral-dig-of-the-century-treasures-found/

Pay attention, Congress: A better model for remote work is here

Source: The Hill
by Gleb Tsipursky

“On a weekday morning in downtown Washington, federal buildings and corporate offices still feel half-full, even as return-to-office emails pile up. At the same time, across the Atlantic, the House of Lords has treated remote work not as a culture-war skirmish but as a subject for a full inquiry on home-based working, backed by extensive evidence and formal hearings. Its Home-based Working Committee spent 10 months asking two simple questions with big consequences: First, is working from home working? And second, if so, how should governments and employers respond? The answer, detailed by researcher Jane Parry in a synthesis of five years of evidence on hybrid work, is clear enough for policymakers. Hybrid work shows only modest average effects on productivity, but it delivers meaningful gains in labor supply, employment rates, recruitment, retention and office efficiency when it is managed deliberately.” (06/02/26)

https://thehill.com/opinion/congress-blog/labor/5904519-hybrid-work-economic-infrastructure/

No one is inexorably illiberal

Source: Sex and the State
by Cathy Reisenwitz

“What’s the point of trying to civilize the barbarians? Why demonstrate what liberal democracy can offer to a fundamentally illiberal civilization? Why bother trying to make inroads with a ‘basket of deplorables?’ Why bother trying to reason with people who ‘get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations?’ The irony is that the entire argument is fundamentally illiberal. The whole point of liberalism is that your ‘civilization’ does not define you. Nor does your race, sex, nationality, or religion. The whole point of liberalism is that the world is not divided into us versus them. Creating outgroups and outgroup hostility and moral panics is the authoritarian’s playbook. It’s immiserating.” (06/02/26)

https://cathyreisenwitz.substack.com/p/no-one-is-inexorably-illiberal