Crypto billionaires threaten exit over California wealth tax
California’s proposed wealth tax has sparked backlash from crypto billionaires, reviving debate over tax-driven migration.

Crypto journalist for Grafa, with nearly 10 years of experience covering blockchain, Web3, and NFT gaming trends. MBA & Economics grad.
California’s proposed wealth tax has sparked backlash from crypto billionaires, reviving debate over tax-driven migration.
A controversial Maduro wager has prompted a US lawmaker to push for tighter rules on political prediction markets.
The Australian Competition and Consumer Commission is implementing a cultural overhaul aimed at accelerating the approval of corporate mergers.
Metallium (ASX:MTM) announced that its US subsidiary, Flash Metals USA, has signed a binding e-scrap supply agreement with global commodities and recycling giant Glencore.
Verity Resources (ASX:VRL) has secured exploration licence E39/2558 at its 100%-owned Monument Gold Project in Western Australia's prolific Laverton Goldfields.
Biome Australia (ASX:BIO) reported record sales for the second quarter and first half of FY26, delivering continued strong growth despite seasonal headwinds.
Occidental (NYSE:OXY) announced on Friday, January 2, 2026, the completion of its $9.7 billion cash sale of OxyChem to Berkshire Hathaway (NYSE:BRK.A).
The transaction, first revealed in October 2025, marks the largest divestment in Occidental’s history and effectively ends the company’s half-century tenure as a major player in global commodity chemicals.
Rivian Automotive (NASDAQ:RIVN) announced on Friday that it produced 42,284 vehicles and delivered 42,247 in 2025, landing squarely within its revised annual targets.
The Irvine, California-based company capped the year with a fourth-quarter performance that saw 10,974 units roll off the line at its Normal, Illinois, facility and 9,745 units reach customers.
Equity Bancshares (NYSE:EQBK) finalized its merger with Frontier Holdings, the parent company of Frontier Bank, effective January 1, 2026.
The completion of the deal marks a significant geographic milestone for the Wichita-based lender, providing its first physical presence in Nebraska with seven new full-service locations in Omaha and Lincoln.
Pinnacle Financial Partners (NYSE:PNFP) officially launched as a newly combined entity today, following the successful completion of its multi-billion dollar merger with Synovus Financial Corp.
The transaction, which closed its holding company phase on New Year’s Day, establishes a formidable regional competitor in the high-growth Southeast and Atlantic markets.