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Midday News Update #Web3

🔀 DeFi Technologies approves a 1‑for‑7 stock split, doubling‑down on its Solana investment strategy.

⚖️ Former SafeMoon CEO pleads not guilty, blaming the project’s founder on day one of the trial.

🏦 U.S. OCC says banks may buy, sell, or custody crypto on customer instruction—and outsource those services.

🏜️ Arizona signs HB 2749, creating the nation’s first state‑level crypto reserve.

🚨 Trump’s new tariffs spark stagflation fears—higher costs amid slower growth.

👀 Fed‑watcher Nick Timiraos: May FOMC rate cuts are unlikely as Powell balances recession risks vs. inflation.

#defitech #Safemoon #OCC

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