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The Latest Breaking News from Matt Levine

How Jane Street played the Indian stock market as many retail investors bled

On July 3, 2025, India’s market regulator Sebi barred the American firm Jane Street from trading in the Indian stock market, accusing it of profiting from pump-and-dump operations involving shares and their derivatives.The order said that Jane Street made a profit of Rs 36,502 crore from January 2023 to March…

Newslaundry

Bitcoin goes public: what the ETF victory means and what comes next

The SEC's approval of Bitcoin ETFs is a bullish outcome for the long term. What happens in the short term is much harder to predict.

Fortune

The OpenAI meltdown shows that when nonprofits and for-profits clash, the one with the money usually wins

The ongoing spectacle puts a new twist on an old question: Can nonprofits and for-profits really work together effectively?

Fortune

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Tether is nearly a decade old—and its books are still a mystery

The giant stablecoin maker is as opaque as ever but, by now, the market has grown used to its lack of transparency.

Fortune

Scooby dooby doge! What the heck is Musk doing with Dogecoin?

Elon Musk's Scooby Doo tweet sent the price of Doge soaring. It's unclear if the billionaire did this to make money—or just to troll people.

Fortune

Are rich crypto bros worse than other rich tech bros?

The insufferable behavior of the disgraced Three Arrows founders is the latest bad look for crypto.

Fortune

Coinbase is trying a novel legal strategy against the SEC. Will it work?

The exchange points out that the SEC blessed its bid to go public—but is now saying its business is illegal.

Fortune

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Everyone Is Learning the Wrong Lessons From the Silicon Valley Bank Collapse

Plus: Fox News troubles, junk statistics about illicit economies, and more...

Reason

Catch up on crypto with these 5 stories

Here's a roundup of some excellent crypto and finance writing you likely missed in the last 10 days.

Fortune

Fortune Crypto's 2022 Jealousy List

Here are some of the best crypto—and a few non-crypto—stories our reporters and editors read in 2022.

Fortune

Don't call FTX's collapse a 'run on the bank'

Some media outlets are echoing SBF's claim that FTX's collapse was like a "run on the bank." Don't buy it.

Fortune

Ex-M&A Lawyer From Twitter's Law Firm Has Advice For Elon Musk, But Calls Him 'Rich, Weird And Stubborn'

Matt Levine is a Bloomberg Opinion columnist covering the financial markets, and he’s got a word of advice for Tesla Inc’s (NASDAQ: TSLA) Elon Musk on how to handle the Twitter Inc (NYSE:

People

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