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Key TakeawaysElon Musk proposed direct Treasury payments instead of AI equity stakes on June 20, 2026.VT Senator Bernie Sanders’ bill seeks a 50% stock tax on major AI firms to fund a sovereign wealth fund.SpaceX’s IPO pushed Musk’s net worth past $1 trillion days... 
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This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment... 
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Key TakeawaysNational Business Pension Fund targets 1% crypto allocation worth $1.36 million in FY2026.Fund cuts yen exposure from 80% to 70%, citing the dollar’s weakening reserve status.Japan’s FIEA bill, passed June 11, 2026, could pave the way for crypto... 
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Key TakeawaysKalshi held early IPO talks with banks, per The Information.Kalshi’s annualized revenue run rate topped $2 billion, tripling since November 2025.Coatue led Kalshi’s $1 billion round in May 2026, lifting its valuation to $22 billion. According to The... 
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Key TakeawaysAndre Cronje, Michael Kong, David Richardson left Sonic Labs board this week.Sonic’s S token fell 97% from its $1.03 peak, with total value locked (TVL) down to $20 million.Matt Visser becomes CEO, pledging incremental, transparent governance reform. The... Translate »
