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Crypto billionaire says growing global demand for U.S. dollar-backed stablecoins will tempt the government to print more money.

Also: All the news and watercooler chat from Fortune.

CEO and Chairman Charles Liang said Supermicro’s relationship with vendors including Nvidia, AMD, Intel, and Broadcom was “strong” despite the accusations against a Supermicro cofounder. Supermicro stock rose 17% in after-hours trading.

Anthropic is the secret sauce this earnings season, as unrealized gains on the private company are so powerful they’re adding billions of shareholder worth to their partners.

“If anything, job opportunities for U.S.-born workers are going down as a result,” the University of Colorado Boulder’s Chloe East said.

Stocks near 8-year low ahead of summer travel season despite collapse in demand

It would be strange if dynastic succession were not on Trump’s mind

US and Iranian forces clashed in the strait during the one-day mission to help commercial vessels through the waterway

Yields on 30-year gilts hit 28-year high on expectations BoE will raise rates two or three times to counter inflation threat

As the original private equity barbarian reaches milestone, the FT interviews its founders and their successors