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Polymarket: Red Sox-Rangers Over 8.5 Climbs to 76%

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Catcher Predict monitoring showed sharp volatility in the Polymarket submarket for the Boston Red Sox vs. Texas Rangers event.

According to ChainCatcher, the probability of the Over option in the O/U 8.5 market rose from 38.5% one hour earlier to 76% at present, a 37.5 percentage-point swing.

Please note that related breaking news may have affected the market.

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Vercel Says Inbound Sales 90% Automated After Staffing Cut

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Vercel's chief operating officer, Jeanne DeWitt Grosser, described a major efficiency gain in inbound sales development, reducing the team from 10 roles to roughly 1.25 and achieving about 90% automation in that function.

According to ChainCatcher, Vercel's in-house support agents now handle about 93% of all support cases.

Grosser added that the annual infrastructure cost remains in the low-thousands of dollars for both setups.

The company says the sales development effort has delivered a 32x return on investment, and it is pursuing AI performance that reaches the 99th percentile 99% of the time.

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Elon Musk Living in an Airstream Trailer Near xAI's Memphis Expansion

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Elon Musk said he is living in a new Airstream trailer in Memphis, close to xAI's Colossus supercomputer center and the fourth data facility the project is developing, named Minihard, with construction slated for late July, according to Sina Finance.

The remarks were made during an appearance on the All-In podcast, where Musk spoke with Gwynne Shotwell, president and chief operating officer of SpaceX. Shotwell described the living arrangement as evidence of Musk's continued focus on the projects he cares about.

The article notes that Musk has a history of spending time near major projects to oversee them personally, citing Walter Isaacson's biography. It recalls earlier periods when he slept at a small office while building Zip2, worked under his desk during X.com, and even slept on the floor during Tesla's production ramp-up.

The report also notes that Musk has owned luxury homes in the past but sold many properties in 2020 and moved to Texas with Claire Boucher, known as Grimes.

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U.S. Intercepts and Sinks Floating Refueling Station Linked to Drug Trafficking in Eastern Pacific

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Sina Finance reported that the U.S. Southern Command posted on X that U.S. forces intercepted a floating refueling platform in the eastern Pacific that supported illegal maritime drug smuggling.

The command said intelligence linked the platform to Los Choneros, a violent drug trafficking organization.

U.S. forces cleared the platform, allowed the crew to disembark, and then sank the vessel.

The evacuated crew members will be handed over to Ecuadorian authorities.

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Polymarket: Phillies-Nationals win probability declines 18 points in an hour

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In Polymarket's market for the Philadelphia Phillies against the Washington Nationals, the Phillies' win probability fell from 66.5% to 48.5% within the past hour, a drop of 18 percentage points.

ChainCatcher indicated the move was tracked by Catcher Predict, implying that breaking news could be affecting the market odds.

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Oaktree’s Poli Forecasts Higher Yields Amid Persistent Inflation Fears

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Oaktree portfolio manager Danielle Poli suggested that yields may remain under upward pressure as investors have not yet convinced themselves that inflation is fully tamed.

The comments were made in an interview with Romaine Bostick on Bloomberg The Close, according to Bloomberg.

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House Oversight Committee Votes 41-0 to Recommend Contempt for Leon Black in Epstein Inquiry

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The House Oversight and Government Reform Committee approved a contempt recommendation against former Apollo Global Management CEO Leon Black by a 41-0 vote, sending the matter to the full House for action related to subpoenas tied to the Jeffrey Epstein probe.

Black refused to provide further testimony and to disclose nondisclosure agreements, and he has filed suit in U.S. District Court in Washington, D.C., seeking to block enforcement of the subpoenas.

Committee Chair James Comer said subpoenas carry the force of law and the panel had no choice but to pursue contempt. Ranking Democrat Robert Garcia argued the investigation serves Epstein's survivors and aims to drive reforms, adding that Black should not be allowed to defy congressional subpoenas.

Black's lawyers described the move as an abuse of power and asserted they have the constitutional right to challenge the subpoenas in court, arguing they were illegitimate.

Black stepped down as Apollo Global Management CEO in March 2021, two months after the firm disclosed that he paid Epstein $158 million for tax and estate planning advice from 2012 through 2017.

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Wintermute Trims Short Exposure After CLARITY Act Fails to Advance

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Onchain Lens reported that Wintermute began booking profits on its short positions after the CLARITY Act failed to advance.

Odaily noted that the firm's short exposure fell from $102.1 million to $55.54 million, while unrealized profit rose from $928,000 to $2.28 million.

Its ETH short position declined from 15,330 ETH to 7,810 ETH.

Cumulative profit reached $179.89 million.

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JPMorgan Sees Q3 Growth in Trading Revenue and IB Fees, Contrasting Bank of America's Caution

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JPMorgan is forecasting growth in its third-quarter trading revenue and investment banking (IB) fee income, signaling a contrast with Bank of America's more cautious view.

At a Barclays conference, JPMorgan Co-President Doug Petno indicated that for the quarter ending September 30, trading revenue is expected to rise roughly 15% to 19% year over year, with investment banking fees expected to increase by a similar pace.

Bank of America had earlier said its third-quarter trading revenue is expected to be relatively flat year over year.

Following Petno's remarks, JPMorgan shares edged higher, briefly rising about 0.9% after trading had dipped earlier.

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