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Hyundai takes full control of Boston… Ant Group is rebuilding Alipay around… An Atlantic investigation just blew open… Germany’s ESMA carve-out is testing Europe’s… Hyundai takes full control of Boston… Ant Group is rebuilding Alipay around… An Atlantic investigation just blew open… Germany’s ESMA carve-out is testing Europe’s…

Elroy Fernandes

Elroy is a digital marketer and developer from Goa, with over a decade of experience web development and marketing. He has been associated with several startups and serves currently as an Editor to the Asia Pacific Industrial magazine. He occasionally writes on Startup Fortune about technology and automation.
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Anthropic's Opus 4.7 is drawing rare unanimous criticism from power users who say the model has lost its spark
Elroy Fernandes ·
Anthropic's Opus 4.7 is drawing rare unanimous criticism from power users who say the model has lost its spark
Opus 4.7 launched April 15 to swift and unusually unified criticism from Claude's power user community, who say the model's expanded reasoning capabilities came at the cost of expressive range and speed. API data shows creative writing requests have dropped nearly 30% since rollout, even as coding volume holds steady. The episode is renewing debate about the so-called alignment tax and handing competitors a window to poach alienated users.
Allbirds stock craters after a retail-fueled 600% surge as the shoemaker bets its future on an AI rebrand
Elroy Fernandes ·
Allbirds stock craters after a retail-fueled 600% surge as the shoemaker bets its future on an AI rebrand
Allbirds shares collapsed on April 16 after the footwear brand announced plans to rebrand as ZeroShoes AI, triggering a sell-the-news implosion following a retail-driven 600% surge. The move raised immediate concerns about AI washing, as the company cited proprietary material science data as the basis for its pivot despite reporting a 30% revenue decline earlier this year. The episode highlights how social media can inflate equity prices on speculation, and how quickly that momentum reverses onc
Gold just hit a record and silver hasn't looked this good in a decade so the stacking community is having a moment
Elroy Fernandes ·
Gold just hit a record and silver hasn't looked this good in a decade so the stacking community is having a moment
Gold futures hit a fresh all-time high above $3,100 per ounce while spot silver cleared $38 for the first time in over a decade, igniting the gold-versus-silver debate across investor communities. A Fed rate pause, rising inflation expectations, and surging industrial demand forecasts for silver have split stackers between wealth preservation in gold and a high-upside bet on silver's dual monetary and industrial role. Retail premiums at major dealers are already reflecting the urgency.
Drift raises $148 million from Tether and replaces USDC with USDT after a exploit that shook confidence in the Solana-based exchange
Elroy Fernandes ·
Drift raises $148 million from Tether and replaces USDC with USDT after a exploit that shook confidence in the Solana-based exchange
Drift Protocol has raised $148 million led by Tether and is replacing USDC with USDT as its primary stablecoin following a significant exploit. The raise signals Tether's ambition to actively back DeFi infrastructure, not just dominate stablecoin issuance. How Drift deploys the capital and rebuilds trust will determine whether the crisis becomes a turning point or a delayed reckoning.
A viral social media post is reminding the world that one Dead Sea Scroll is not scripture but a copper-engraved inventory of billions in buried treasure
Elroy Fernandes ·
A viral social media post is reminding the world that one Dead Sea Scroll is not scripture but a copper-engraved inventory of billions in buried treasure
The Copper Scroll, a first-century document engraved on copper and discovered among the Dead Sea Scrolls in 1952, has gone viral for describing 64 hiding locations holding over 138 metric tons of gold and silver. Scholars believe the hoard represented the wealth of the Second Temple, concealed before Rome sacked Jerusalem. No treasure has ever been found, but the document's resurgence online speaks to gold's enduring hold on the collective imagination.
Jensen Huang says Anthropic's Mythos model makes a US-China AI research dialogue no longer optional
Elroy Fernandes ·
Jensen Huang says Anthropic's Mythos model makes a US-China AI research dialogue no longer optional
Nvidia CEO Jensen Huang has called Anthropic's Mythos reasoning breakthrough a catalyst for urgent US-China AI research dialogue, arguing that two major AI powers developing increasingly autonomous systems in complete isolation represents a shared risk neither side can afford to ignore. His comments arrive against a backdrop of severe trade tensions and sweeping semiconductor export controls. The call puts pressure on policymakers to define what responsible engagement could look like before the
World Liberty Financial bets on token burns and revised vesting to prove it is building for the long run
Elroy Fernandes ·
World Liberty Financial bets on token burns and revised vesting to prove it is building for the long run
World Liberty Financial has proposed a major tokenomics overhaul that introduces weekly buyback-and-burn mechanics funded by 25% of protocol revenue, alongside a revised vesting structure that locks key allocations until Q4 2027. The announcement sent the token up roughly 18% within an hour. The moves are widely read as an effort to shift WLFI toward a deflationary, institutionally credible model ahead of anticipated regulatory tightening in 2027.
Goldman Sachs files to launch a Bitcoin covered call ETF designed to generate monthly income from crypto volatility
Elroy Fernandes ·
Goldman Sachs files to launch a Bitcoin covered call ETF designed to generate monthly income from crypto volatility
Goldman Sachs Asset Management has filed with the SEC to launch a Bitcoin Premium Income ETF that would write covered calls on Bitcoin futures contracts, generating monthly income for shareholders. The strategy mirrors the popular JEPQ model but applies it to cryptocurrency, targeting income-focused investors who have largely sat out the crypto market. If approved, the fund could open Bitcoin exposure to a significant new base of yield-mandated institutional and retail investors.
Blueshift is under pressure to kill its Quasar Framework as Solana faces a systemic reckoning
Elroy Fernandes ·
Blueshift is under pressure to kill its Quasar Framework as Solana faces a systemic reckoning
Blueshift's Quasar Framework, embedded in over 40% of new Solana smart contracts deployed this quarter, is at the center of an emergency push by validators and the Solana Foundation to force a shutdown or major overhaul. Exploits and latency issues have eroded confidence, and today's 18% TVL drop in Quasar-dependent protocols signals that markets are not waiting for an official decision. The outcome will set a precedent for how open-source tooling risk is managed in permissionless blockchain eco
Meta locks in Broadcom through 2029 to build the custom chips that will power its AI ambitions across Facebook, Instagram and WhatsApp
Elroy Fernandes ·
Meta locks in Broadcom through 2029 to build the custom chips that will power its AI ambitions across Facebook, Instagram and WhatsApp
Meta has expanded its chip partnership with Broadcom to develop multiple generations of custom AI processors through 2029, aiming to reduce reliance on NVIDIA and optimize hardware for its apps and Llama models. The deal cements Broadcom's role as a key enabler for hyperscalers designing proprietary silicon, and signals that Meta's AI infrastructure ambitions now require a dedicated, long-term hardware roadmap. The move has significant implications for the broader semiconductor market as custom
US producer inflation comes in softer than expected in March but rising oil prices from Middle East conflict are complicating the Federal Reserve's path forward
Elroy Fernandes ·
US producer inflation comes in softer than expected in March but rising oil prices from Middle East conflict are complicating the Federal Reserve's path forward
US producer prices rose just 0.2% in March, below forecasts, with annual inflation decelerating to 1.8%. But surging crude oil prices tied to escalating Middle East conflict are threatening to complicate the Federal Reserve's path toward rate cuts, creating a split market reaction across technology, energy, and transport sectors.
American consumer confidence collapses to its lowest point since the 1940s as the Iran-Israel war drives inflation expectations to alarming new heights
Elroy Fernandes ·
American consumer confidence collapses to its lowest point since the 1940s as the Iran-Israel war drives inflation expectations to alarming new heights
The University of Michigan's April consumer sentiment index collapsed to 51.5, the lowest reading since the survey began in the 1940s, driven by soaring inflation expectations tied to the Iran-Israel conflict and crude oil above $100 per barrel. Markets sold off sharply on the news, with the Dow dropping 500 points and Treasury yields spiking. The Federal Reserve, which had only recently begun cutting rates, now faces a potential stagflation dilemma with no easy policy exit.
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