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Bessent says debt limit measures could run out in August

Treasury Secretary Scott Bessent told US lawmakers that his department’s ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted in August. Bessent, in a letter to House Speaker Mike Johnson, said that “after reviewing receipts from the recent April tax filing season, there is a reasonable probability that the federal … Read more

China’s latest stimulus measures fail to impress as investors focus on U.S. trade talks

Shoppers pass an Hermes store, operated by Hermes International SCA, in Beijing, China, on Thursday, May 1, 2025. Na Bian | Bloomberg | Getty Images China’s latest push to revive growth with broader stimulus measures has failed to cheer its stock market as worries over economic deterioration outweigh policy optimism, with investors focused on trade … Read more

Africa Crypto Week In Review: Ghana to Regulate Crypto, Binance To Adopt Stricter Measures in South Africa, Nigeria Intensify Crackdowns

In this week’s Africa crypto news, Ghana sets crypto regulations for 2025 as Binance tightens South Africa rules. Nigeria is also cracking down on unregulated firms. The African regulatory landscape continues to adapt to the reality of a permanent crypto sector. Ghana has plans to regulate crypto. Binance also plans to update its compliance requirements … Read more

sUSD struggles to regain $1 peg as Synthetix deploys recovery measures post SIP-420

Synthetix’s algorithmic stablecoin sUSD is continuing to drift from its $1 peg, currently trading at $0.90. The depeging began in March, with sUSD briefly slipping below $1, but the situation worsened after the implementation of SIP-420—a governance proposal aimed at improving capital efficiency and simplifying the user experience within the Synthetix (SNX) ecosystem. According to … Read more

Mush visit CIA to talk about DOGE measures

Elon Musk visited Central Intelligence Agency headquarters on Tuesday to discuss his government efficiency program.  The visit was the first for Musk since the creation of the Department of Government Efficiency (DOGE), which is charged with rooting out wasteful federal spending and shrinking the government.  CIA Director John Ratcliffe who invited Musk, posted a photo … Read more

Bumble heightens safety measures with new ID verification feature

Bumble is finally catching up with competitor Tinder with a new ID verification feature as dating app users urge for more safety measures.  In addition to ID verification, the company also released three more features, including a feature that flags inappropriate messages in chat before users hit send and the ability to share date details … Read more

EU leaders prepare ‘concrete’ measures on defense financing, sources say

LONDON — The European Union is expected to announce “concrete” measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine. The 27 EU leaders will gather in Brussels on Thursday for a meeting dedicated to defense and support for Ukraine. It follows two particularly … Read more

Game Developers Fear Anti-Trans Measures Could Hit Their Industry Next

Ashley Poprik has never been the model for a video game character. As a writer on projects like Spider-Man 2 and Call of Duty: Black Ops 6, they work on games, not as characters within them. In 2023, however, a cabal of angry gamers was convinced otherwise. They were furious over how Spider-Man 2’s Mary … Read more

Trump strikes back with retaliatory measures against Colombia for rejecting deportation flights

President Donald Trump pushed back on Colombian President Gustavo Petro on Sunday after Petro’s regime refused to allow U.S. deportation flights to land in his country. “I was just informed that two repatriation flights from the United States, with a large number of Illegal Criminals, were not allowed to land in Colombia. This order was given by Colombia’s Socialist President Gustavo Petro, … Read more

Chainalysis acquires AI startup Alterya in $150M deal to strengthen crypto security measures

Key Takeaways Chainalysis acquired Alterya for $150 million. The AI startup has secured contracts with major players in the crypto and fintech space, including Binance, Coinbase, and Block, as well as traditional financial institutions. Share this article Chainalysis, a major player in crypto analysis and forensics, has acquired Alterya, an Israeli startup specializing in detecting … Read more

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