The Federal Reserve has decided to keep interest rates at current levels, maintaining a cautious stance on inflation. A strong labor market, steady growth, and somewhat elevated inflation prompted the Fed to hold rates steady. On Wednesday, June 18, the Federal Open Market Committee announced it would maintain rates in the 4.25% to 4.5% range, … Read more
Elon Musk’s artificial intelligence firm xAI is facing legal action over air pollution from the gas-fired turbines it uses to power its Memphis computer farm. Musk’s AI firm xAI received a 60-day notice of intent to sue for violations of the Clean Air Act on Tuesday from the Southern Environmental Law Center (SELC) over its … Read more
Elon Musk’s artificial intelligence firm xAI is facing legal action over air pollution from the gas-fired turbines it uses to power its Memphis computer farm. Musk’s AI firm xAI received a 60-day notice of intent to sue for violations of the Clean Air Act on Tuesday from the Southern Environmental Law Center (SELC) over its … Read more
In one of the largest crypto crackdowns to date, the U.S. Department of Justice has seized $225.3 million in digital assets linked to a network of shady investment scams. The operation targeted a growing wave of fraud known as “pig butchering,” where victims are lured into fake crypto investments through personal messaging and social media. … Read more
Iran’s biggest crypto exchange just got hit with one of the most unusual hacks in recent memory. A group called Predatory Sparrow, reportedly linked to pro-Israel operatives, drained nearly $90 million from Nobitex on Wednesday. But instead of cashing out, the hackers sent the funds to wallets no one can access. That means the money … Read more
Jordi Baylina’s new venture, Zisk, will carry the zkVM torch forward following the Polygon Foundation’s decision to decommission the costly chain. Baylina retains a founder’s title, but his team and codebase are now fully independent. On June 18, Polygon co-founder Jordi Baylina took to X to announce that he and the core zkEVM development team … Read more
In brief Bitcoin is testing the $104K line as global tensions and $1.2B in liquidations rattle markets. Aerodrome Finance rockets 35% after Coinbase announces integration of Base DEX. Despite short-term chaos, there’s reason for optimism in crypto markets. Bitcoin might be uninteresting for traders at the moment, but there’s at least one altcoin today that’s … Read more
The SEC sat down with JPMorgan to explore bold crypto regulations that promise to overhaul capital markets, streamline clearing, and reshape the future of global finance. Crypto Regulation Frameworks in Focus as SEC and JPMorgan Hold Talks The U.S. Securities and Exchange Commission (SEC) has published a memorandum of the Crypto Task Force meeting log … Read more
Solana is sitting on a critical support level following a period of muted volatility and sideways consolidation. With multiple technical confluences now in play, the market appears primed for a decisive breakout,or breakdown. The current structure suggests that price is coiling, and the next move could mark a major directional shift. Solana (SOL) has shown … Read more
The central bank of Iran has reportedly imposed strict operating hours on its domestic crypto exchanges following a $100 million exploit on Nobitex by a pro-Israel hacker group. In a blog post on Wednesday, Chainalysis cited reports saying domestic crypto exchanges in Iran are now limited to operating hours between 10 am and 8 pm. … Read more