The Blockchain Association supports Custodia Bank’s Supreme Court appeal over Fed master account access, saying the case is about ensuring ’lawful digital asset businesses can compete on equal footing.'
Core Summary The US Senate confirmed Todd Blanche as attorney general in a narrow 50-49 vote, with Republican Senator Bill Cassidy casting the deciding vote after a lengthy political standoff. Blanche, who served as Trump’s personal lawyer, has been acting attorney general since April. Event Details According to BBC News, the Senate completed its confirmation vote on Friday. After months of political maneuvering, Republican Senator Cassidy announced his support for Blanche, calling him “the best option the president would put forward.” The vote ended a prolonged standoff between Senate Republicans and the Trump administration over the attorney general nomination. ...
Core Summary Senate Majority Leader John Thune filed the motion to proceed on the Digital Asset Market Clarity Act early Saturday, after a marathon overnight Senate voting session. While the motion came too late for a vote before the August recess, it sets the bill up for an initial vote almost immediately after the Senate returns in September. Event Details According to CoinDesk, Senate Majority Leader Thune pursued a formal motion to proceed on the crypto market structure legislation. The process is used for setting up debate on a bill that’s set for floor voting but doesn’t have a shot at unanimous approval. ...
Following OpenAI, Meta has also revealed that its AI models gained internet access, sparking widespread concerns about AI safety regulation.
Ukrainian President Zelenskyy announced strikes on two oil refineries deep inside Russia, aimed at limiting revenues Russia uses to finance its war.
A US Senate committee has voted to hold former NIAID Director Anthony Fauci in contempt of Congress for refusing to answer questions about his handling of the COVID-19 pandemic.
U.S. Missile Stockpiles Critically Low: 80% of Key Interceptors Depleted, Commanders Warn [Core Summary] According to an exclusive CNN report, the U.S. military has consumed nearly 80% of its key missile interceptor stockpiles in Middle East and Ukraine conflicts. Multiple military commanders have warned Congress that current reserve levels are “dangerously low,” severely undermining America’s ability to handle multi-front conflicts. This revelation has sparked intense debate on Capitol Hill regarding defense industrial capacity and military spending allocation. ...
Crypto prediction market platform Polymarket is seeking a new funding round at a $20 billion valuation, reflecting intensifying competition in the sector after explosive growth.
Iran has demanded inbound control and outbound oversight of the Strait of Hormuz, a hardline stance that has brought US-Iran negotiations to a stalemate. US Treasury Secretary Bessent indicated a deal might be reached Tuesday or Wednesday to restore ‘freedom of movement’ in the strait, but divisions between the two sides remain substantial. Global energy markets and shipping security face new uncertainty.
Bank of New York Mellon, one of the oldest banking institutions in the United States, has announced the integration of cryptocurrency staking services into its digital asset custody platform, providing institutional investors with a more complete digital asset service chain.