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Senate confirms Kevin Warsh to Fed board ahead of expected president’s vote

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The Senate confirmed Kevin Warsh to the Federal Reserve Board of Governors on Tuesday, moving closer to President Donald Trump’s choice to become the next chairman of the U.S. central bank. Lawmakers approved Warsh by a vote of 51 to 45. Senator John Fetterman (Democrat of Pennsylvania) was the only Democrat to support the nomination. […]

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Foundation Unveils New “Clear Signing” Standard to Prevent Users from Approving Malicious Crypto Transactions

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The Ethereum Foundation and a group of major crypto wallet developers are rolling out a new security standard designed to prevent users from accidentally giving up their funds, a problem that has fueled some of the industry’s biggest hacks and scams. The initiative, called “Clear Signing,” aims to replace the confusing walls of code users

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Osero raises $13.5 million in funding round led by Sky Ecosystem

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Osero, a stable yield infrastructure project incubated by Stablewatch and Soter Labs, raised $13.5 million in a round led by Sky Ecosystem and co-led by Plasma. The round included angel investors representing USDT0, Maple, Accountable, Four Pillars, RedStone, The Rollup and Kairos Research, according to an announcement. Stablecoins have reached over $300 billion, according to

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The CFTC is in talks with all major professional sports leagues to crack down on insider trading.

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Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said his agency is in talks with all major U.S. professional sports leagues as federal regulators deepen oversight of sports-related prediction markets. The regulator is seeking broader cooperation with leagues to monitor insider trading and market manipulation related to event contracts, Selig said Tuesday at FINRA’s annual

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Bitcoin Holds $80,000 as Stocks Fall and Yields Rise on Bad Inflation Number

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Core consumer prices – which would have excluded what everyone already knew was rising energy costs – rose 0.4% in April, double March’s 0.2% pace and higher than the 0.3% economists expected. On an annual basis, the core CPI increased by 2.8% compared to 2.6% in March and 2.7% expected. The overall CPI – which

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Ripple-linked ETFs attract biggest inflows since January

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XRP exchange-traded funds (ETFs) saw their biggest inflows since January amid a series of developments at related company Ripple and favorable price action for the world’s fourth-largest token by market capitalization. The five U.S.-listed XRP spot exchange-traded funds reported a total of $25.8 million in net inflows on Monday, the largest single-day haul since Jan.

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The battle for the digital euro intensifies as central bankers clash over how to take on Tether.

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The deputy governor of the Central Bank of France called on Tuesday for “the mobilization of all European stakeholders concerned, public and private”, to develop the symbolic currency. Beau’s comments stand in stark contrast to European Central Bank (ECB) President Christine Lagarde’s recent speech, in which she said that “the case for promoting euro-denominated stablecoins

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Hot Inflation Data Casts Chill on Federal Reserve’s Rate Cut Hopes

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U.S. inflation data came in hotter than expected on Wednesday, reinforcing expectations that the Federal Reserve will keep interest rates steady between 350 and 375 basis points not only at its June 17 meeting but also likely through the end of the year. The Consumer Price Index (CPI) increased by 3.8 year over year% in

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DTCC taps Chainlink for its tokenized collateral platform ahead of Q4 launch

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The Depository Trust & Clearing Corporation (DTCC) will use Chainlink infrastructure for its blockchain-based collateral management platform, extending previous work between the companies into one of Wall Street’s primary risk management functions. The company said its AppChain Collateral will use Chainlink’s Execution Environment (CRE) and data standard to support collateral pricing, valuation, margining, optimization and

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