Barry Moore, a Trump loyalist backed by $12 million from a crypto PAC, won the Alabama Republican Senate primary, marking the largest crypto political spending in this midterm cycle.
World Liberty Financial, backed by the Trump family, is nearing approval for a federal trust bank charter from the OCC, allowing it to issue and redeem its USD1 stablecoin under a single federal regulator.
International oil prices fell for a fifth consecutive session as optimism over a U.S.-Iran interim deal weighed on markets. Brent crude dropped below key support to hit a three-month low.
The U.S. Department of Justice has intervened in a pollution lawsuit against Elon Musk’s xAI, citing national security concerns to block the case from proceeding. The move has sparked fierce debate over the balance between security and public health.
Bipartisan US senators have written to the Treasury Department urging that state regulatory authority be preserved in the implementation of the GENIUS stablecoin legislation, preventing excessive federal centralization.
Investment firm VanEck has released a report stating that Bitcoin miners’ plans to pivot to AI data centers face approximately $50 billion in funding gaps, with reality proving far more challenging than expected.
The FBI has thwarted a security threat plan targeting a mixed martial arts event near the White House. A group had planned to use remote devices to disrupt the event. Multiple suspects have been arrested.
HHS Secretary Robert F. Kennedy Jr. has overruled CDC experts to maintain quarantine of a cruise ship passenger with hantavirus, raising concerns about political interference in scientific decision-making.
The Dow Jones Industrial Average broke through the 52,000 mark for the first time on Monday, reaching a record closing high. Falling oil prices and expectations of Federal Reserve rate cuts were the primary drivers, while tech stock sell-offs weighed on the S&P 500.
Iran has declared that any peace agreement to end the conflict with the United States must require Israel to withdraw from Lebanon, adding a major complication to ongoing negotiations and reshaping the geopolitical dynamics of the Middle East.