Firm

• Astronomers have confirmed the presence of an atmosphere on LHS 1140 b, a rocky exoplanet located 48 light-years from Earth. • The planet is situated within its star's habitable zone, making it a primary candidate for studying the potential for liquid water and life. • This discovery is significant as it may be the first rocky planet in a habitable zone to have a confirmed atmosphere, a major milestone in two decades of exoplanet research.

• Donald Trump’s media company plans to introduce a paid service providing high-speed access to posts on the Truth Social platform. • The premium access may include real-time updates from Trump himself, whose posts often influence financial markets and national security. • This move aims to monetize the time-sensitive nature of the former president's communications for traders and analysts.

• The Monetary Authority of Singapore (MAS) has identified significant gaps in the Anti-Money Laundering (AML) controls currently utilized by several cryptocurrency firms. • The regulator specifically flagged deficiencies in critical areas, including customer due diligence checks, transaction monitoring, and the management of token transfers. • This move highlights the urgency for digital asset providers to strengthen their compliance frameworks to prevent financial crimes and maintain the integrity of the Singaporean financial ecosystem.

• Jay Clayton testified before the Senate on Wednesday following President Donald Trump's nomination of him to serve as the Director of National Intelligence. • During the confirmation hearing, Clayton highlighted his extensive professional background in government and national security to establish his qualifications for the role. • The testimony served as a strategic effort to distinguish Clayton from the current interim director, who has faced significant criticism from both Democratic and Republican lawmakers.

• Jay Clayton appeared before the Senate Intelligence Committee on Wednesday for a confirmation hearing to become the director of national intelligence. • The hearing follows a 28-day delay after President Donald Trump abruptly ordered Clayton not to appear during his originally scheduled June hearing. • During the tense proceedings, Clayton defended the government's use of subpoenas against journalists to obtain information.

• AGI has raised $70 million to acquire traditional insurance firms and transform them into AI-native operations. • In separate funding news, Emergent has reached "unicorn" status after securing $130 million in investment. • Sophos has launched Fusion, an AI-native defense system designed to unify various security tools for better protection.

• Former Fed official Kevin Warsh suggested that interest rate increases may be necessary to combat stubborn inflation. • The Federal Reserve faces a dilemma between providing consumer relief from high costs and maintaining low rates to support the stock market. • This potential shift in monetary policy validates investor fears that the Fed may prioritize inflation control over market stability.