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South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won-backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank has suspended plans for the second phase of its CBDC pilot, which had been scheduled … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world Donald Trump said the US was “terminating” trade talks with Canada in retaliation against a new digital services tax on tech companies, reigniting a bitter North American trade war after months of détente. … Read more
DeFi Development Corp. has withdrawn its planned $1 billion securities offering after the U.S. Securities and Exchange Commission deemed the company ineligible to file under Form S-3. The company confirmed the withdrawal in a June 11 letter to the SEC, citing the absence of a required internal controls report in its most recent 10-K filing. … Read more
The FOMC May 2025 rate decision could shake Bitcoin, SPX, and even top Solana meme coins. Will Powell’s pause or cut spark a crypto rally? The Federal Open Market Committee (FOMC) will conclude its two-day meeting on May 7 before announcing whether its findings justify a rate cut, hike, or maintaining rates at 4.50%. DISCOVER: 20+ … Read more
Nurphoto | Nurphoto | Getty Images Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world The US Supreme Court has temporarily barred Donald Trump from using a rarely-used law dating back to the 18th century to deport a group of Venezuelan migrants The country’s highest court said in … Read more
US Supreme Court temporarily halts deportations of Venezuelan migrants under wartime law
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MEDIA took a nosedive today, dropping over 60% after Coinbase officially delisted the token from all its platforms. Media Network (MEDIA) sank to as low as $1.68 on April 16, cutting its market cap from over $1 million to around $430,000. Trading volume also plunged nearly 85% in the last 24 hours as users rushed … Read more
China’s ban on Boeing deliveries amid an ongoing tariff battle with the U.S. has thrust the American aircraft manufacturer into the middle of the trade war. China ordered its carriers to stop all aircraft orders from Boeing, Bloomberg reported Tuesday, citing anonymous sources familiar with the matter. It’s the latest move in a trade war … Read more
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