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Wyoming launches America's first state-issued stablecoin, FRNT, backed by fiat and supported across seven blockchains, aiming to reduce fees and boost digital transactions while funding education.
Dogecoin price dropped 2% this week and risks a deeper correction. On-chain signals show key holder cohorts exiting and bears regaining control.
Share link:In this post: Texas attorney-general Ken Paxton is investigating Meta and Character.ai for allegedly marketing chatbots as therapists without medical credentials. The probe follows a Senate inquiry into Meta after leaked documents suggested its AI could engage in romantic chats with minors. Both companies deny wrongdoing, saying their chatbots carry disclaimers that they are not licensed professionals and are intended for entertainment.
Share link:In this post: Starlink went down Monday, marking its second outage in two weeks. Thousands of users reported the issue on Downdetector, but SpaceX gave no statement. SpaceX launched more satellites that same day from Vandenberg despite the outage.
Share link:In this post: Sam Altman warned that Trump’s chip bans won’t stop China’s AI progress. He said China is advancing across multiple layers, not just hardware. OpenAI released two open-weight models to counter China’s open-source tools.
- 18:00Federal Reserve officials express caution on rate cuts, emphasizing inflation risksAccording to ChainCatcher, citing Jinse Finance, four Federal Reserve officials have expressed concerns about the possibility of a rate cut this week and another cut in December. Kansas City Fed President Schmid opposed a 25 basis point rate cut, citing concerns about sticky inflation. Cleveland Fed President Harker and Dallas Fed President Logan also indicated that they would oppose a rate cut if they had voting rights, with Harker emphasizing the need to maintain restrictive policy to curb inflation. Atlanta Fed President Bostic supports a rate cut but pointed out that it is necessary to ensure the policy stance remains relatively tight.
- 17:30The Federal Reserve's reverse repo operations accepted 25 counterparties, with a total amount reaching $51.802 billion.According to ChainCatcher, citing Jinse Finance, the Federal Reserve accepted a total of 25 counterparties in its fixed-rate reverse repurchase operations, with the total amount reaching $5.1802 billion.
- 17:29The US Department of Defense approves providing Ukraine with long-range Tomahawk missiles, final decision handed over to TrumpJinse Finance reported, citing CNN, that three well-informed US and European officials revealed that the Pentagon has assessed that providing Ukraine with long-range Tomahawk missiles would not weaken the US military’s active stockpiles, and has given the green light to the White House, leaving the final political decision to US President Trump. Earlier this month, during a working lunch at the White House with Ukrainian President Zelensky, Trump explicitly stated his reluctance to provide the missile, saying “we cannot give up the weapons reserves needed to defend our own country.” The Joint Chiefs of Staff submitted an assessment report to the White House earlier this month, coinciding with Zelensky’s ongoing lobbying to obtain the missile—Ukraine hopes to use its approximately 1,600-kilometer range to more effectively strike deep Russian energy facilities. Two European officials pointed out that this assessment has encouraged European allies, who believe the US now lacks a legitimate reason to refuse providing the missiles. Notably, just days before meeting with Zelensky, Trump publicly stated that the US “has a large number of Tomahawk missiles available to provide to Ukraine.”