Polymarket closes first block trade in push for institutional adoption

A Polymarket advertisement in a subway station in New York, US, on Thursday, Feb. 5, 2026. Michael Nagle | Bloomberg | Getty Images Prediction market platform Polymarket has completed its first block trade on an artificial intelligence compute infrastructure-related contract, the company shared exclusively with CNBC.  The six-figure transaction was between FalconX, a digital asset…

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AI is crushing startup valuations for pre-ChatGPT firms

Matthias Balk | Picture Alliance | Getty Images Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand….

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China’s factory activity beats forecasts in May, private survey shows, despite softer official data

Workers make US flags ahead of the 2026 World Cup football tournament, at a factory in Qingdao, in China’s Shandong province on May 28, 2026. – | Afp | Getty Images BEIJING — China’s manufacturing activity expanded faster than expected in May, according to a private survey released Monday, although growth slowed from the previous…

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