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Topline President Donald Trump’s announcement Sunday he will oversee the creation of a “crypto strategic reserve” drew notable skepticism from some big names in crypto and tech— key parts of Trump’s base last year—as an immediate surge in crypto trading came back to earth Monday. Trump gives a keynote speech at the Bitcoin 2024 conference last summer.Getty Images Key Facts Trump said he will direct a reserve including bitcoin, ethereum, XRP, Solana and Cardano to “make sure the U.S. is the Crypto Capital of the World,” echoing his campaign trail promises of becoming the most pro-crypto president ever. The announcement…

India’s cricket board defended its World Cup-winning captain Rohit Sharma on Monday after comments about his lack of fitness from a spokesperson for the Congress, the country’s main opposition party. Sharma, who turns 38 next month, is leading the Indian cricket team in the Champions Trophy but was criticised for his weight by Shama Mohamed, a spokesperson for the Congress, who said he was “fat for a sportsperson”. “Need to lose weight, and of course the most unimpressive captain India has ever had!” Mohamed said in a now-deleted post on X late on Sunday. The Congress said her post did…

Fusion Specialty, a global underwriting agency (managing general agent), has partnered with Insly, an insurance software provider, to modernise its operations and enhance efficiency.The partnership aims to accelerate Fusion Specialty’s growth in the mergers and acquisitions (M&A) insurance sector by improving operational efficiency. With an increasing volume of business, the company required a scalable solution that could standardise underwriting processes.Fusion Specialty, founded in 2018, specialises in M&A insurance, offering coverage for warranty and indemnity (W&I), tax liability, and contingent risks. The company has established itself as a leader in the APAC region and continues to expand its presence in the…

Coalition, a cybersecurity-focused InsurTech firm specialising in Active Insurance, has secured a $30m equity investment from Mitsui Sumitomo Insurance, a key subsidiary of MS&AD Insurance Group, Japan’s largest non-life insurer and a major player across the Asia-Pacific region.The partnership aims to enhance access to cyber insurance solutions worldwide by integrating Coalition’s proactive risk management approach with MS&AD’s extensive global insurance capabilities. The investment also allows MSI to expand into new markets while taking an equity stake in Coalition.Coalition provides cyber insurance and cybersecurity solutions through its Active Insurance model, which combines insurance coverage with proactive risk prevention tools. Its proprietary…

BEVERLY HILLS, Calif. (AP) — At the Oscars ceremony, they were there. At the after-parties, they were barely there.Celebrities bared a lot more than their emotions on Oscar night. The naked fashion trend was on full display at places like the Vanity Fair party carpet, where guests clearly bought into the idea that less is more.Among them: actor-director Olivia Wilde, who wore a sheer, embroidered lace negligee by Chloé, “with metal ends and embroidered lace lingerie panties,” according to the designer. While Wilde’s outfit had a demure bohemian charm, actor Julia Fox leaned much further toward naked, arriving in a…

Upholding export controls on semiconductor chips made in the U.S. may be harder than Washington, D.C. thinks. Chinese buyers are getting their hands on computing systems with Nvidia’s Blackwell chips through third-party traders located in other regions, The Wall Street Journal reported. Buyers in Malaysia, Taiwan, and Vietnam are buying these resources for their own use and reselling a portion to companies in China, the Journal added. Just a week before leaving office, former President Joe Biden introduced sweeping new chip export restrictions that further limited several countries, one of which is China, from being able to import chips made…

When hosting the 2025 Oscars last night, comedian and late-night TV host Conan O’Brien addressed the use of AI in his opening monologue, reflecting the growing conversation about the technology’s influence in Hollywood. “We did not use AI to make this show,” O’Brien said. His remarks were clearly a reference to the use of generative AI in “The Brutalist,” which won three Oscars for Best Actor, Cinematography, and Original Score.  Last month, “The Brutalist” sparked controversy over its use of AI. In an interview with Red Shark News, film editor Dávid Jancsó admitted to using Respeecher, an AI voice generator, to…

NEW ORLEANS (AP) — Powerful storms with a threat of tornadoes are expected to punch through Louisiana and other parts of the South on Tuesday just as huge parades and costumed revelers celebrate Mardi Gras in New Orleans and other southern cities.The alarming forecast will be one of the first big tests for the National Weather Service after hundreds of forecasters were fired last week under President Donald Trump’s moves to slash the size of the federal government. Former employees say the firing of meteorologists who make crucial local forecasts across the U.S. could put lives at risk.Multiple weather threats…

CompScience, an AI-driven InsurTech focused on workplace safety, has secured $27.6m in a Series B funding round led by Sands Capital.The investment will accelerate product innovation, expand operations, and enhance risk prevention technology to help organisations reduce workplace injuries and fatalities.Other investors participating in the round include Four More Capital, Working Capital, and Valor Equity Partners, which have previously backed high-profile companies such as Tesla, Coalition, SpaceX, and Anduril.CompScience leverages visual AI technology to detect workplace hazards and predict incidents before they result in claims. By integrating with existing camera systems, the platform eliminates the need for costly additional equipment…

Lantern Finance, a financial services and technology company, has secured over $1m in an oversubscribed pre-seed funding round.The investment round saw participation from institutional and angel investors, including Orange DAO, Supermoon Ventures, and Andover Ventures. The funding will support the development of Lantern’s digital asset-backed lending platform.Lantern Finance enables users to borrow against their digital assets while receiving funds directly into their bank accounts. The platform provides an alternative to selling digital assets, helping investors access liquidity without triggering taxable events, while maintaining exposure to potential long-term gains.With the newly raised capital, Lantern Finance plans to scale its platform, expand…