Robinhood reported second-quarter revenue of $1.31 billion, up 32% year over year against a $1.29 billion consensus. Inside that number, event contracts revenue rose more than tenfold to $156 million while crypto revenue fell 38% to $100 million. The prediction market business is now larger than the crypto trading business, and it got there in roughly a year. That crossover is the print. Crypto trading was the growth engine that carried this company through two cycles and it is behaving exactly as a transactional crypto business always behaves, which is to say it tracks retail speculative appetite with no floor underneath it.

Russia has charged Pavel Durov with facilitating terrorist activity, alleging that Telegram was used by Ukrainian intelligence to organize attacks inside Russia. The charge places the founder of the most operationally significant messaging platform in the conflict under criminal jurisdiction in the country he left in 2014 after refusing to hand user data to Russian authorities. Telegram’s dual status is the whole problem No platform occupies a stranger position in this war.

The eighth-generation Galaxy Z Fold is drawing a familiar verdict from reviewers: the hardware that matters most has improved, and the compromises have moved rather than disappeared. The positives are substantial. The device is comfortable to hold when closed, which has been the recurring complaint about book-style foldables and the main reason buyers return to conventional phones. The inner display’s shift toward a 4:3 aspect ratio makes the unfolded state genuinely useful for reading and document work rather than presenting a shape that suits neither.

Samsung reported second-quarter revenue of roughly $118.1 billion, up 130% year over year and a shade under the $118.9 billion consensus, alongside operating profit of about $61.46 billion, up 1,814% against a $60.68 billion estimate. Revenue missed. Profit did not. The distance between those two facts is the entire memory cycle compressed into a single print: sales slightly more than doubled while operating income went up eighteen-fold, which is only arithmetically possible when the incremental bit sells at a price the cost base was never built to justify.

I think the security case about foreign-made connected devices is real. A camera-equipped, always-on machine that maps the interior of a home and phones a server abroad is a genuine collection platform, and the people who spent a decade warning about this were not being paranoid. I’ve written that a network of them inside government buildings would be an intelligence problem worth acting on. So I should be the natural audience for the FCC’s new rule.

Three regulatory outcomes in one day, all involving who is permitted to move goods and people through American infrastructure without a person in control. Waymo has begun gradually resuming freeway routes, starting in Phoenix, more than two months after suspending them to improve performance around construction zones. DoorDash received Part 135 air carrier certification from the FAA, allowing it to operate a drone delivery service, with a launch planned for the fall.

X has settled its long-running legal battle with the World Federation of Advertisers, ending a case that accused brands including Mars and Shell of illegally coordinating a boycott of the platform. The suit was the most aggressive test yet of a theory that has been circulating in advertising for several years: that when brands act collectively through an industry body to withhold spending from a platform over content standards, the coordination itself can constitute an antitrust problem rather than a series of independent commercial decisions.

Roughly 180 items crossed the wire in the last twenty-four hours. Strip out the translated duplicates, the earnings-date notifications, the investor-conference attendance notices, and the vendor testimonial campaigns, and perhaps a dozen carry actual information. Those dozen cluster around three themes: the memory cycle acquiring a short side, the physical limits of data center expansion, and the widening distance between how capable AI systems have become and how safe their output is.

I’ve spent years arguing that Spain gets written off too cheaply. The declinist take on Madrid — permanent stagnation, a country that never recovered from 2008 — has been wrong for most of a decade, and the people repeating it now are still wrong. The economy is growing at more than twice the eurozone rate. Employment keeps setting records. Tourism receipts are absurd. The public deficit is under control in a way France would envy.

Integral Privacy Technologies has raised $25 million in total funding, with backing from Venrex, The General Partnership, Array Ventures, GreatPoint Ventures, LiveRamp Ventures, Haystack, Virtue Ventures, Also Capital, Caffeinated Capital, LifeX Ventures, Circle & Co, and WS Investments. The round is aimed at scaling what the company calls its Forward Deployed Privacy Services — a service layer meant to make sensitive real-world data usable for AI training without triggering the regulatory and re-identification risks that normally keep that data locked away.