Federal Reserve Chair Jerome Powell is facing a criminal referral for allegedly lying to the Senate about the true cost and scale of the Fed’s $2.5 billion headquarters renovation. Internal documents suggest the project includes luxury features Powell did not mention, raising concerns over misleading testimony and public spending.
WeatherlyProsecutors in South Korea are investigating former First Lady Kim Keon-hee over possible links to a major crypto fraud case. They suspect her associates may have worked with a market manipulator behind scam coins that cost investors millions.
AnaisWestern Union is testing stablecoin payments in Latin America and Africa to make money transfers faster and cheaper. The move follows a new US law that supports stablecoin use, and the company may launch the service later this year.
WeatherlyJPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.
AnaisPolymarket is thinking about launching its own stablecoin or cutting a deal with Circle to earn interest from the funds users keep on the platform. This would give Polymarket more control over its money system as it grows and prepares to reenter the US market.
WeatherlyTelegram has launched a built-in crypto wallet for users in the US, allowing them to send, receive, and manage digital money inside the app. The wallet, called TON Wallet, works without extra apps and gives users full control of their funds.
AnaisElon Musk may return to a government role, according to new investor documents from SpaceX. The company warned that his political involvement could affect business, especially given its strong ties to the US government.
AnaisThe SEC first approved, then suddenly paused Bitwise’s plan to turn its crypto index fund into a spot ETF, leaving the decision under full Commission review. This move delays what could have been the first U.S. spot ETF holding a mix of Bitcoin, Ether, and other altcoins.
WeatherlyPark Gyuri denied being involved in the Pica Coin fraud case linked to her ex-boyfriend and said she only helped promote art. She told the court she lost money after buying the coin and claimed she didn’t know it was part of a crypto project.
WeatherlyOzzy Osbourne’s NFT collection CryptoBatz saw a big jump in sales and price after news of his death. Trading volumes surged over 100,000% in one day, briefly raising the floor price to around $295.
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