Crypto News: Human rights pioneer wins Nobel

Good morning. Human rights judge wins Nobel Peace Prize. Some couples are avoiding marriage to save on taxes. Women are making bigger waves in sport, but maybe not quite as big as Banana Ball, yet. Listen to the day’s top stories.

— Angela Cullen

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Human rights pioneer Navanethem Pillay, 85, was awarded this year’s Nobel Peace Prize. The South African led the UN commission that determined Israel committed genocide against Palestinians in Gaza, a finding Israel has rejected. “The system of international law is under tremendous pressure, and its institutions are under attack,” Jørgen Watne Frydnes, chair of the Norwegian Nobel Committee, said in Oslo. “We see a shift towards power politics at the expense of legal frameworks and global respect for law and justice.”

Revolut, Europe’s most valuable startup, is coming for JPMorgan’s US crown. CEO and founder Nik Storonsky wants the digital bank to compete with Wall Street’s biggest and have its primary listing in the US if it chooses to go public. Storonsky said he’s coming for CEO Jamie Dimon’s “dinner.” Revolut wants “to dominate,” he said. “Otherwise, what’s the point?” Dimon has confessed to a tiny bit of envy about Revolut’s splash on the consumer banking scene.

Lofty ambitions. OpenAI expects to hit or exceed $70 billion in annualized revenue by the end of the year, people familiar said. That helped ease concerns about the sustainability of the industry, but the rush to finance AI is still rattling some.

Midterms. Donald Trump said the US would “not be attacking Iran” before November’s elections, citing productive talks between the two countries. Oil retreated. The Michigan Senate race descended into acrimony in a debate between Democrat Abdul El-Sayed and Republican former congressman Mike Rogers. The pair traded insults and clashed over healthcare and immigration. Several polls show a close race in the battleground state.

Melania Trump, Tehran and a Year of Upended Assumptions

Iranian-American author Azadeh Moaveni discusses the changing role of first ladies and how war has reshaped politics inside Iran.

SALT cap fallout. New rules on state and local taxes are prompting high earners to look for ways around the so-called marriage penalty. Some couples are even considering divorce or skipping wedlocks altogether to save $20,000.

Zohran Mamdani called on Trump to end federal immigration enforcement in New York City after an ICE officer shot and wounded a 28-year-old Dominican man in front of a child. The mayor spent two hours on the phone with the president and the homeland security secretary in a failed effort to secure the man’s release.

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Deep Dive: Women in Sports

Chilean extreme swimmer Bárbara Hernández. — Chilean extreme swimmer Bárbara Hernández at Laguna del Inca in Portillo in the Andes Mountains.

Still in the shadow of male sports, female athletes are breaking new ground and attracting bigger audiences. One look at the meteoric rise of the Women’s National Basketball Association will tell you that. From mainstream to the extreme, women are making more of a mark in the sports world.

Take Bárbara Hernández. Chile’s “ice mermaid” is inspiring a growing community of athletes to embrace a different type of swimming in the frigid waters of Patagonia.
Female drivers are still a rarity in Formula One racing, but that’s changing. The sport has reached unprecedented levels of popularity, especially among women, who now make up 42% of the global fanbase and account for three-quarters of new followers.
Behind every good sportswoman is a formidable agent, and Lindsay Kagawa Colas is the WNBA’s favorite. She was the first to secure inclusion riders and maternity protections for athletes’ contracts in 2018.

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Before You Go

If there’s any doubt about how much people crave a low-drama, fun escape right now, consider Banana Ball, the comic book alternate-reality version of pro baseball. The nonstop theatricality of the brand has made it the hottest ticket in US sports. But it’s playing with some old, overworked tropes.

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