Libra1989

Kevin Warsh takes over the Fed on Friday Kevin Warsh will be sworn in as chairman of the Federal Reserve (@federalreserve) on Friday at a ceremony at the White House, a White House official said on Monday. Warsh succeeds Jerome Powell, whose term expired last week but who continues to serve temporarily until the handover. The Senate confirmed Warsh by a 54-45 vote, the narrowest margin ever for a Fed chairman. Trump chose him, expecting the Fed after Powell to continue cutting interest rates. Markets are not betting on that. Interest rate futures price in nearly zero probability of a cut at the June meeting, with inflation running significantly above the 2% target.

South Korea's largest bank has just conducted an end-to-end trial for the won stablecoin KB Financial Group, the parent company of KB Kookmin, has completed a proof of concept covering the entire lifecycle of a won-pegged stablecoin, from issuance to offline payments, merchant payments, and international remittances. The retail trial was conducted at Hollys coffee counter, maintaining the usual payment process while shifting the backend payment process to blockchain. A cross-border component converted the won stablecoin into a dollar stablecoin via on-chain liquidity from @KaiaChain, then paid into a Vietnamese bank account within just three minutes, down from days, cutting fees by about 87% compared to traditional channels. KB Kookmin is South Korea's largest bank, with approximately $266 billion in assets. It aims to launch as soon as South Korea's digital asset law is enacted.

Trump says he postponed the attack on Iran at the request of Gulf countries President Trump stated that the leaders of Qatar, Saudi Arabia, and the United Arab Emirates asked him to delay the planned attack on Iran scheduled for Tuesday, to pave the way for what he called serious negotiations. His comments came after the Iranian Foreign Ministry said they had delivered feedback on the latest U.S. proposal through a Pakistani intermediary. This pause is the latest development in the conflict that began in late February, which has disrupted maritime transport through the Strait of Hormuz and caused a global energy price shock.

Zero Hash receives Dutch EMI license, first under EBA stablecoin regulation Zero Hash's European branch has obtained the Electronic Money Institution license from De Nederlandsche Bank, the central bank of the Netherlands. @zerohashx stated that this is the first company licensed under MiCA and also granted an EMI license according to the European Banking Authority's no-action letter dated June 2025, which informs companies operating crypto token payment flows that they will need both MiCA and payment licenses by early 2026. Zero Hash has held the MiCA license from AFM since October 2025. This dual structure allows the company to operate compliant stablecoin payment flows within the European Economic Area for banks, brokerages, fintechs, and payment companies.

THORChain stated they understand the attack and will deploy a fix tomorrow @THORChain issued a third incident update on Monday, stating the team now has a clear understanding of how the approximately $10 million exploit was carried out, but is not yet ready to share technical details publicly. The team said the attack vector does not appear to be related to any currently known GG20 vulnerabilities, and they are still assessing whether other GG20 implementations elsewhere might be at risk. Version 3.18.1 is expected to be released to node operators tomorrow. Handling the lost funds remains an open question to be decided by a community governance vote, rather than a confirmed compensation program. The network remains partially paused until nodes reach consensus on the recovery approach.

Anthropic acquires Stainless, the SDK tool also used by competitors @AnthropicAI has acquired Stainless, a New York-based startup specializing in software that automatically creates and maintains API software development kits. The terms were not disclosed; The Information reported last week that company valuation talks were over $300 million. @StainlessAPI is used by OpenAI, Google, Cloudflare, Replicate, and Runway, and has supported every official Anthropic SDK since the early days of the API. Anthropic will discontinue all hosted Stainless products, including the SDK generator. Current customers retain the SDKs they have created and can edit them, but the tool will no longer be available to competitors, according to TechCrunch. Alex Rattray (@RattrayAlex), a former Stripe employee, founded Stainless in 2022, backed by Sequoia and Andreessen Horowitz. Rattray said the team will 'continue doing the work we love' at Anthropic, implying that employees will be transitioning.

Minnesota allows banks and credit unions to hold cryptocurrency Governor Tim Walz (@GovTimWalz) has signed HF 3709 into law, allowing banks and credit unions licensed by the state of Minnesota to provide virtual currency custody services starting August 1. Institutions may participate optionally but must notify the state Department of Commerce in writing 60 days in advance. The law includes the safekeeping and management of digital assets in a fiduciary, custodial, or non-fiduciary capacity. It does not permit banks to trade, invest, or lend these assets. The law was passed with overwhelming bipartisan support, 119-6 in the House. That same week, Minnesota signed a separate law banning cryptocurrency ATMs statewide due to concerns about elderly fraud, requiring operators to cease operations by August 1.

It's hard not to be optimistic about the perpetual DEX space... Over the past three months, open interest on cryptocurrency perpetual DEXs has increased by about +27%, from around $12 billion to approximately $15.3 billion at the time of writing. According to DefiLlama data, @HyperliquidX and @Aster_DEX still dominate this space, with a combined open interest of about $10.7 billion, accounting for more than two-thirds of the entire sector. Are you optimistic about $HYPE and $ASTER ?

Flare Network's TVL has increased by more than 325%... Since April 28, 2025, (over a year ago), @FlareNetworks' TVL has seen insane growth. During that period, its total value locked has risen from just 37.09 million USD to about 157.72 million USD at the time of writing, according to data from DefiLlama. The increase in adoption may have been driven by the growing $FLR products centered around $XRP, allowing it to tap into the huge and loyal community of @ripple.

Oh... Goldman Sachs has completely dumped all of its $XRP investment. The Q1 2026 filings show that banking giant Goldman Sachs has fully divested from both @Ripple and @Solana $SOL ETFs. According to Wu Blockchain, they previously held a massive $154 million investment in the $XRP ETF. At the same time, the bank cut its $ETH investment by about -70%, but still holds around $700 million worth of $BTC ETFs. Wu added that Goldman Sachs has increased holdings in... @circle @galaxyhq @coinbase