A metric providing a window into the profitability of Bitcoin mining is approaching the all-time low it reached after the collapse of Sam Bankman-Fried’s FTX, signaling hard times ahead for miners.

Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.

Investors pulled a net $218 million from US Bitcoin exchange-traded funds, one of their worst daily <-bsp-bb-link state="{"bbHref":"bbg://screens/W%20%23SPEC%20290","_id":"0000018f-19ad-d583-afbf-dbfd33ba0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts.

Crypto software firm <-bsp-bb-link state="{"bbHref":"bbg://securities/1994287D%20US%20Equity","_id":"0000018f-174b-d583-afbf-d7df5f850000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Consensys sued the <-bsp-bb-link state="{"bbHref":"bbg://securities/13165Z%20US%20Equity","_id":"0000018f-174b-d583-afbf-d7df5f850001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">US Securities and Exchange Commission in an effort to fend off regulation of the Ethereum blockchain and push back against what it called the agency’s “campaign to seize control over the future of cryptocurrency.”

Co-founded by Sam Altman, the crypto and AI project has faced scrutiny around the world for its eyeball scans.

<-bsp-bb-link state="{"bbHref":"bbg://securities/0222273D%20US%20Equity","_id":"0000018f-171d-d583-afbf-d7dd9b930000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Pantera Capital was among the winning bidders for another trove of discounted <-rte-company state="{"_id":"0000018f-171d-d583-afbf-d7dd9b930001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Solana tokens auctioned off by the administrators managing the bankruptcy of the former FTX cryptocurrency exchange, according to a person familiar with the sale.

HSBC Holdings Plc successfully fought off a London court <-bsp-bb-link state="{"bbDocId":"QCDWB2DWRGG4","_id":"0000018f-1a7e-d583-afbf-dafef36b0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">claim brought by a group of investors in a £1.3 billion ($1.6 billion) lawsuit over tax breaks linked to Walt Disney Co. film financing.

Adidas AG shareholders should vote against the reelection of chairman <-bsp-person state="{"_id":"0000018f-1a27-d583-afbf-daffca310001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Thomas Rabe because the supervisory board isn’t diverse enough and he has too many outside responsibilities, a key proxy adviser said.

<-bsp-bb-link state="{"bbHref":"bbg://screens/nsc%20us%20%3Cequity%3E%20des1","_id":"0000018f-1a71-d583-afbf-dafd0a060000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Norfolk Southern Corp.’s chief executive officer was <-bsp-bb-link state="{"bbDocId":"RQFYU0T1UM0X","_id":"0000018f-1a71-d583-afbf-dafd0a060001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">lambasted by politicians as the epitome of everything wrong with the profit-obsessed railroad industry when a derailment caused a toxic disaster in East Palestine, Ohio, last year.

Brittany Pietsch inspired a wave of copycats after she posted on TikTok a recording of her tense conversation with two Cloudflare representatives informing her that she was being let go.

Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.

EY’s Richard Albert and George Riddell discuss the impact of the EU’s new carbon tax, which may create significant challenges for developing economies.

UK cybersecurity company <-rte-company state="{"_id":"0000018f-1a03-d583-afbf-dadfd73f0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Darktrace Plc agreed to sell itself to private equity firm <-bsp-bb-link state="{"bbHref":"bbg://securities/129626Z%20US%20Equity","_id":"0000018f-1a03-d583-afbf-dadfd73f0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Thoma Bravo for an equity value of about $5.32 billion.

OpenAI, the ChatGPT maker, is expanding its global people-powered lobbying, policy, and messaging teams, as it works to shape government rules for artificial intelligence, and to win converts for its tools from Capitol Hill to far-flung foreign countries.

Brittany Pietsch inspired a wave of copycats after she posted on TikTok a recording of her tense conversation with two Cloudflare representatives informing her that she was being let go.

Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.

Alston & Bird’s Daniella Main and Brooke Bolender say Marriott litigation has broad impact for consumer contracts and enforceability of class action waivers.

Co-founded by Sam Altman, the crypto and AI project has faced scrutiny around the world for its eyeball scans.

Rapper Travis Scott must stand trial for his role in the deadly Astroworld music festival, after a Texas judge denied his request to get out of the sprawling litigation.

Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.

Alston & Bird’s Daniella Main and Brooke Bolender say Marriott litigation has broad impact for consumer contracts and enforceability of class action waivers.

Wiley’s Diana Shaw explains the new OIG notice requirement and lays out considerations for business entities.

Moss Adams’ Clay Hodges and Daniel Quintana reviews sports partnerships’ tax deduction options, saying partners should be proactive about documentation and record retention.

The US Supreme Court suggested it might drag out Donald Trump’s claim of immunity from prosecution, an outcome that could doom any chance of a pre-election trial on charges of trying to stay in power illegally.