A very simple metric is one of the best predictors of a law firm’s long-term health: the rate of growth in its equity partnership.

After more than a year, the freeze of a deep crypto winter has thawed. Bitcoin prices have <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAACPMT1UM0W","_id":"0000018f-389c-d4b6-a98f-fdbd0d2e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">surged to new heights, venture capital firms are raising funds to invest in <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SBMEK4T0G1KW","_id":"0000018f-389c-d4b6-a98f-fdbd0d2e0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">cryptocurrency startups, and gloating crypto bros are back to mocking skeptics with the words “have fun staying poor.” Once again, the people pouring millions of dollars into memecoins that depict dogs in knit hats or drooling cartoon sloths are being described as the smart money. When the developer of the sloth coin, Slerf, <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SALGY2T0AFB4","_id":"0000018f-389c-d4b6-a98f-fdbd0d2e0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">accidentally destroyed $10 million of the funds he’d raised from early buyers, the attention only fueled a massive spike in trading volume—$2.7 billion worth in 24 hours.

PwC China has entered into a joint business relationship with Xalts in Hong Kong, a provider of infrastructure for tokenized, programmable assets, according to a statement.

<-bsp-bb-link state="{"bbHref":"bbg://securities/XBTUSD%20BGN%20Curncy/GP","_id":"0000018f-388d-d4b6-a98f-fdbdc4e50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets.

US spot-Bitcoin <-bsp-bb-link state="{"bbHref":"bbg://screens/BI%20ETFSG","_id":"0000018f-3872-d4b6-a98f-fd77e4440000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023.

<-bsp-bb-link state="{"bbHref":"bbg://securities/1741983D%20SP%20Equity","_id":"0000018f-389b-d4b6-a98f-fdbf19db0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Terraform Labs Pte. and co-founder <-bsp-person state="{"_id":"0000018f-389b-d4b6-a98f-fdbf19db0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Do Kwon, after being found <-bsp-bb-link state="{"bbDocId":"SBHJ1XDWRGG0","_id":"0000018f-389b-d4b6-a98f-fdbf19db0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">liable for fraud by a New York jury last month, told a judge they shouldn’t have to pay the <-bsp-bb-link state="{"bbDocId":"SCGIQYT0AFB4","_id":"0000018f-389b-d4b6-a98f-fdbf19db0003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">$5.3 billion fine requested by US regulators because most of the firm’s stablecoins were sold overseas.

A very simple metric is one of the best predictors of a law firm’s long-term health: the rate of growth in its equity partnership.

<-bsp-bb-link state="{"bbHref":"bbg://securities/AMZN%20US%20Equity/BQ","_id":"0000018f-36ff-d4b6-a98f-f7ff918e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Amazon.com Inc. Chief Executive Officer <-bsp-person state="{"_id":"0000018f-36ff-d4b6-a98f-f7ff918e0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Andy Jassy made comments to the media in 2022 that violated federal labor law, a US National Labor Relations Board judge ruled Wednesday.

New York police officers arrested almost 300 people as they broke up escalating pro-Palestinian protests at two colleges amid an outpouring of anger over the Israel-Hamas war.

A small company that repairs McFlurry ice cream machines and is taking on McDonald’s Corp. in court wants a judge to reject its former law firm’s request for at least $7 million in fees.

Fervo Energy Co. told a Texas federal judge turbine supplier Ormat Technologies Inc.'s motion to dismiss a lawsuit related to a patent dispute for jurisdictional reasons ignores the multiple times they made contact in the Lone Star State.

<-bsp-bb-link state="{"bbHref":"bbg://people/profile/1954518","_id":"0000018f-3849-d4b6-a98f-fd7d1a7c0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Elon Musk’s latest cost-cutting victims: summer interns.

A very simple metric is one of the best predictors of a law firm’s long-term health: the rate of growth in its equity partnership.

Class action attorneys are lobbying for changes to a draft rule on multidistrict litigation that they say could upend decades of best practices used to manage their cases.

California policymakers are taking several steps that would limit how artificial intelligence companies use personal data to train their technology.

Arnold & Porter’s Raqiyyah Pippins and Peter Schildkraut analyze AI risks in consumer business, saying agency actions signal a need for risk planning beyond compliance.

Sullivan & Cromwell is starting a national security practice as the US increasingly emphasizes corporate enforcement that overlaps with security interests.

A proposed federal cybersecurity reporting rule could lead to burdensome requirements and over-reporting of hacks , private-sector representatives warned members of the House Homeland Subcommittee on Cybersecurity and Infrastructure Protection on Wednesday.

A very simple metric is one of the best predictors of a law firm’s long-term health: the rate of growth in its equity partnership.

Class action attorneys are lobbying for changes to a draft rule on multidistrict litigation that they say could upend decades of best practices used to manage their cases.

Budget cuts to the agency tasked with protecting federal judges and courthouses are straining resources amid a rise in threats against the judiciary and the additional responsibilities of providing 24/7 protection to Supreme Court justices.

Arnold & Porter’s Raqiyyah Pippins and Peter Schildkraut analyze AI risks in consumer business, saying agency actions signal a need for risk planning beyond compliance.

Norton Rose Fulbright’s Tom Delaney, Mike Keeley, and Steven Constantin say the FDIC’s proposed revisions to its bank merger review policy would increase merger scrutiny, costs, and disclosures.

Duane Morris’ Adam Beckerink and Dakota Newton review New York City’s affordable housing tax break, saying that it’s crucial to advise clients on compliance and economic impacts.