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Crypto Group Challenges Senator Warren Over OCC Charters
Update (May 26 at 9:30 pm UTC): This article has been updated to include statements from The Digital Chamber.The Digital Chamber, a cryptocurrency advocacy group engaged in negotiations with U.S. lawmakers on digital-asset policy, has challenged Massachusetts Senator Elizabeth Warren’s interpretatio...
USTR Greer: Chinese Firms Approved for Nvidia H200 Chips, but No Shipments Yet
The US government has given the green light for about 10 Chinese companies to purchase Nvidia’s H200 AI chips. The catch: none of them have actually received any.US Trade Representative Jamieson Greer disclosed on May 15 that export controls on semiconductors weren’t a major talking point during his...
GENIUS Act Signed into Law, Expands Fintech Powers and Sparks Bank Concerns
For decades, the playbook was simple: if you wanted to move money at scale in America, you needed a bank charter. The GENIUS Act, signed into law by President Donald Trump on July 18, 2025, just rewrote that playbook. Nonbank fintech firms can now issue payment stablecoins under federal supervision,...
Ethereum Foundation Prioritizes Privacy Over ETH Price Support Amid Community Criticism
TL;DR:The Ethereum Foundation is prioritizing Kohaku, a privacy-focused initiative promoted by Vitalik Buterin on May 26, rather than acting as ETH price support.Kohaku has been under development for close to a year and includes privacy tooling, Railgun libraries, privacy pools and post-quantum acco...
SpaceX IPO Filing Reveals $1.45 Billion Bitcoin Holdings
SpaceX filed its S-1 registration statement with the SEC on May 20, marking the beginning of what could become one of the largest IPOs in history. The anticipated valuation sits between $1.75 trillion and $2 trillion.Buried in the filing is a disclosure that SpaceX holds 18,712 Bitcoin, valued at ro...
SpaceX Secures $2.29B Military Satellite Contract for Laser-Linked Data Network
SpaceX just landed one of the largest military satellite contracts ever awarded to a single company. The US Space Force signed a $2.29 billion firm-fixed-price agreement for what it calls the Space Data Network Backbone, a constellation of satellites in low Earth orbit built to shuttle sensitive mil...
US Court Rejects MiniMax's Bid to Dismiss Disney AI Copyright Lawsuit
A US federal court has rejected Chinese AI company MiniMax’s attempt to toss out a copyright infringement lawsuit brought by some of Hollywood’s biggest studios. The ruling keeps alive claims that MiniMax scraped protected content, including Marvel and Star Wars characters, to train its Hailuo AI im...
Trump Defends CFTC's Authority Over Prediction Markets Amid Legal Disputes
U.S. President Donald Trump said it was "critically important" that the CFTC keep "exclusive authority" over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon."Under my leadership, we are setting 'rules of the road' that...
TeraWulf Acquires Kentucky AI Data Center, Targets 1 GW Mining and Hosting Capacity
TeraWulf is broadening its footprint beyond Bitcoin mining with the acquisition of a large Kentucky data center development site that could support more than 1 gigawatt of AI and high-performance computing (HPC) capacity. The company said the initial phase would bring online 500 megawatts by 2028, f...
GENIUS Act Signed into Law, Reshapes Stablecoin Regulation and Threatens $6.6T in Bank Deposits
For years, the US stablecoin market operated in a regulatory gray zone, with issuers essentially writing their own rules while Congress argued about what the rules should be. That era is over.The GENIUS Act, signed into law on July 18, 2025, creates the first comprehensive federal framework for paym...
Meta to Lay Off 1,395 Employees in Washington as AI Restructuring Continues
Meta just filed paperwork to cut 1,395 jobs across King County, Washington, with separations set to begin on July 22, 2026. The filing, a Worker Adjustment and Retraining Notification (WARN) submitted to Washington’s Employment Security Department, lays out exactly where the axe is falling: 699 posi...
US Approves H200 Chip Sales to Chinese Tech Giants, but Beijing Blocks Deals
The US government opened the door for Chinese companies to buy Nvidia’s coveted H200 AI chips. Beijing, it turns out, would rather they didn’t walk through it.US Trade Representative Jamieson Greer confirmed that the Commerce Department has approved roughly 10 Chinese companies to purchase Nvidia’s ...
SpaceX Awarded $2.2B Contract to Build Military Data Network MILNET
SpaceX is building a spy satellite network for the US government, and the price tag keeps climbing. The company’s Starshield division has been tapped to develop MILNET, a classified military communications constellation that will put roughly 480 satellites into low-Earth orbit, equipped with inter-s...
Dogecoin Price Tests Critical Support Near $0.102
Dogecoin price trades near critical $0.102 support regionAnalysts identify $0.07 to $0.09 accumulation zoneChannel resistance near $0.1156 remains a key upside targetDogecoin price remains under close watch as analysts evaluate both long-term projections and near-term technical levels. DOGE traded a...
IREN Limited Signs $1.6B Deal with Dell for AI Cloud Systems
IREN Limited just wrote another very large check to Dell Technologies. The company, which not long ago was primarily known as a Bitcoin mining operation, has signed a $1.6 billion purchase agreement with Dell for air-cooled systems to support its growing AI cloud business.The deal is the latest in a...
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