The US Federal Reserve #FRS has announced that it will lift requirements that exempt banks from working with digital assets.
According to the statement, the regulator will no longer require financial institutions to report plans or current operations with cryptocurrencies.
Any actions related to digital assets will be monitored as part of the Fed's regular supervisory process.
This applies to the decision and the guidance introduced in 2023 regarding stablecoins. The document states that such assets are associated with risks affecting the country's financial stability.
The Contagious interview group, linked to the North Korean hacker organization Lazarus, has registered three shell companies to distribute competitive software, according to a report from Silent Push.
The companies BlockNovas, Angeloper Agency, and SoftGlide are used to trick users through fake interviews.
Silent Push senior analyst Zach Edwards reported that two of the fictitious companies are registered in the US.
🚨🚨 #ElonMusk 🚨$DOGE 🚨🚨 🇺🇸 Elon Musk Steps Back from the White House’s DOGE Office
“Mission (mostly) accomplished” — Musk says the major work is done at the Department of Government Efficiency (DOGE), so he’s scaling back his role to focus more on Tesla.
He’ll now be spending just 1–2 days a week at DOGE while staying on board until the end of Trump’s term.
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📉 DOGE Savings Took a Hit
The original plan was to save the U.S. government $2 trillion through efficiency reforms... but that number has been slashed to $150 billion due to bad math, missed targets, and system flaws.
Major cuts have already happened — over 200,000 federal jobs reportedly eliminated.
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⚖️ Legal & Public Heat
DOGE has been under legal fire for how it reports savings and handles layoffs. Several lawsuits are in the pipeline — and some early court rulings aren’t in their favor.
Protests and union blowback are rising, especially around transparency and accountability.
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⏳ DOGE's Long Game
The plan? DOGE wants to delete itself by July 4th, 2026, once its mission is “complete.” Musk calls it “the first gov agency designed to die.”
In the meantime, they’re rolling out controversial programs like a $5M ‘Golden Card’ visa for wealthy immigrants to generate revenue.
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⚙️ Tesla Needs Him Back
Tesla’s profits are down 71% year-over-year, and the stock’s lost nearly half its value. Musk is shifting gears to focus more on stabilizing the company.
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🐶 Dogecoin Update
And just to clarify — DOGE Office has nothing to do with Dogecoin the crypto, but fun fact: Dogecoin is up 3.1% today, trading at around $0.1793.
Trump Media & Technology Group (TMTG), the company behind Truth Social, is expanding into the digital assets and finance via crypto exchange-traded funds (ETFs). The company revealed on April 22 that it finalized its partnership with Crypto.com and Yorkville America Digital to launch a line of ETFs under the “Truth.Fi” brand. These ETFs aim to combine exposure to digital assets and key US sectors such as energy. The funds could launch later this year and be accessible across North America, Europe, and Asia via existing brokerage platforms. The firm confirmed that it will commit up to $250 million of its own capital to these new financial instruments, with Charles Schwab acting as the primary custodian. This strategy suggests the firm aims to blend traditional finance with digital assets while expanding the Truth brand beyond social media.
The emergence of new stablecoin bills in the #US and support from the Donald Trump administration have allowed companies like #Circle and #BitGo to announce their intention to apply for banking licenses. At the same time, traditional banks are considering providing cryptocurrency services, The Wall Street Journal has found. Two years ago, the collapse of the #FTX exchange and the bankruptcy of crypto-focused banks Silvergate Capital and Signature Bank forced traditional bankers to turn away from cryptocurrencies due to their high volatility and imperfect regulations.
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According to a survey conducted by #CoinNess and #Cratos among 2,000 Korean crypto investors, 36.7% of respondents believe that the altcoin rally will begin in the third quarter of this year.
33% of respondents expect the Bitcoin rate to rise this week. 35.7% of respondents predict that the crypto market will be relatively stable, although last week the percentage of optimistic crypto traders was only 19.5%. A decline or even a sharp fall in cryptocurrencies is expected by 31.3% of survey participants. When asked about the general mood of the market, 46% of traders noted concern and a sense of fear. Only 24.7% believe in good prospects for the crypto market, and 29.3% are neutral.
Investment company HashKey Capital announced the launch of the HashKey XRP Tracker exchange-traded fund, the first #XRP tracker in #Asia
HashKey Capital reported that #Ripple , the issuer of XRP, was one of the fund's first investors. The HashKey XRP Tracker is designed for experienced market participants - only they will be able to access XRP, the company said.
Asian shares were trading mixed amid global skepticism about U.S. investment Pr. Trump's trade war.
Trading was cautious in Asia, where the benchmark Nikkei lost 0.3%. Australian S&P/ASX 200 was virtually unchanged, including up less than 0.1%. Hong Kong's Hang Seng slipped less than 0.1%.