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Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the … Read more
NEWYou can now listen to Fox News articles! A North Carolina city has approved a measure declaring itself a “Fourth Amendment Workplace” and boosting protections for illegal immigrant workers targeted by U.S. Immigration and Customs Enforcement (ICE). The Durham City Council passed the resolution on Tuesday with a unanimous vote to shield city workers against … Read more
The Solana community has approved Alpenglow, a highly anticipated upgrade designed to ramp up the blockchain network’s scalability. Summary Solana community has passed the governance vote for Alpenglow upgrade with 98.27% in favor. Alpenglow is a consensus mechanism upgrade that will slash transaction finality from 12 seconds to 150ms. Solana (SOL) stakers approved with over … Read more
Sonic Labs, the team behind the high-performance Layer-1 blockchain that evolved from Fantom, has secured overwhelming community approval for its first major governance proposal. Summary Sonic Labs’ governance approved a $150M issuance to fund U.S. market expansion. The plan includes an ETF, NASDAQ PIPE, and launch of Sonic USA LLC in New York. New tokenomics … Read more
Key Takeaways El Salvador’s new law allows investment banks to offer Bitcoin and digital asset services to sophisticated investors with at least $250,000. Investment banks can become digital asset service providers and issuers, operating separately from commercial banks. Share this article El Salvador’s Legislative Assembly has approved a sweeping Investment Banking Law that will create … Read more
NEWYou can now listen to Fox News articles! Cleveland Browns quarterback Shedeur Sanders threw two touchdown passes in his first NFL preseason game Friday night, shocking many fans after an unsteady start to his NFL career. Sanders’ performance even caught the attention of NBA star LeBron James. “That young (man) looking good out there,” James … Read more
NEWYou can now listen to Fox News articles! Jake Larson, a World War II veteran who amassed more than 1.2 million followers on TikTok, has died at the age of 102, his granddaughter announced on social media. Known affectionately online as “Papa Jake,” Larson helped plan the D-Day invasion and stormed Omaha Beach in Normandy, … Read more
“Competition will be fierce,” says Christian Catalini, founder at MIT Cryptoeconomics Lab and cocreator of Diem, the now-defunct stablecoin project funded by Meta. “You will see many more issuers enter the market and compete. Many of those issuers will be more traditional banks and fintechs.” Crypto advocates argue that stablecoins will strengthen the US Dollar … Read more
Tim Scott praised the House of Representatives for passing the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins Act, marking a major step forward in U.S. digital asset regulation. In a July 17 statement, Senate Banking Committee Chairman Tim Scott (R-S.C.) called the legislation which was just passed “a major milestone in securing America’s … Read more
Key Takeaways The CLARITY Act wins House approval and heads to the Senate. Despite House passage, the bill’s future in the Senate is uncertain, largely due to political and ethical concerns. Share this article The US House of Representatives on Thursday passed the CLARITY Act, a comprehensive market structure bill aimed at ending years of … Read more
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