Legislation prohibiting the Federal Reserve from issuing central bank digital currencies advances to President Trump after overwhelming bipartisan support. The US House passed a housing bill including a provision to ban Federal Reserve-issued central bank digital currencie
President orders Justice Department probe into gasoline prices amid claims oil firms fail to pass lower crude costs to consumers. President Trump has instructed the U.S. Department of Justice to investigate potential price gouging by fuel retailers. In a social media post,
Lawmakers raise national security concerns over reported investment in Trump family's crypto firm by UAE officials. Five Senate Democrats urged an investigation into a $500M cryptocurrency deal between the Trump family and United Arab Emirates officials, citing potential n
Australia’s trimmed mean inflation trajectory hits 3.8% in Q2, reinforcing Westpac’s hawkish stance amid persistent services and housing costs. Westpac kept its forecast for an August Reserve Bank of Australia rate hike after May CPI data signaled trimmed mean inflation ac
New privacy-focused identity verification aims to reduce exposure of sensitive personal data amid rising breaches. StarkWare introduced a self-custody Know Your Customer system using zero-knowledge proofs to verify identities without exposing full documents. The approach t
Iranian President Pezeshkian asserts ballistic missiles are non-negotiable, while WTI crude trades slightly lower at $72.73. Iranian President Masoud Pezeshkian declared Tehran’s ballistic missile program off-limits in any negotiations with the United States. The statement
Anthropic's Mythos model breached nearly all classified US systems during testing, prompting Trump-era access bans and global service suspensions. The Trump administration imposed restrictions on Anthropic’s Mythos 5 and Fable 5 AI models after they exposed critical vulner
The UN shipping agency begins evacuating 11,000 seafarers via Hormuz, signaling reduced but persistent oil supply risks. The International Maritime Organisation has initiated the evacuation of hundreds of vessels stranded in the Gulf, carrying approximately 11,000 seafarer
A symbolic Senate resolution to curb Iran military action leaves crude risk premium intact amid White House opposition and existing ceasefire. The US Senate voted 50-48 to direct President Trump to halt military action against Iran, with four Republican senators joining De
US moves up post-quantum cryptography deadline to 2031 The US government has accelerated its transition to post-quantum cryptography, moving the deadline from 2035 to 2031. This change reflects recent advances in quantum computing and aims to strengthen US leadersh