Trump Says To Tackle US Inflation Amid Fed’s 50 Bps Rate Cut
The US inflation debate intensifies as Trump criticizes Biden’s management, and the Federal Reserve is considering a potential rate cut in September. Donald Trump has accused the Biden administration of causing high US inflation and has pledged to reduce it if he is reelected. This occurs amid the Federal Reserve’s ongoing exploration of a potential […]
Iran Reportedly Hacked Donald Trump’s US Election Campaign
In ongoing tensions between the U.S. and Iran, Donald Trump’s 2024 US election campaign has accused Iran of breaking its internal communications, which created speculation. Reports indicate that Donald Trump’s US election campaign was recently compromised. The campaign accuses Iran of being responsible for the security breach, which has compromised internal communications. This incident has […]
Celsius Exchange Sues Tether For $3.5B Over BTC Bond Selloff
Celsius exchange has sued Tether, alleging misappropriation of holdings and requesting nearly $3.5B in BTC returns and legal fees. The assets in issue were provided to Tether as collateral. According to Tether, Celsius exchange requests the recovery of approximately $2.4 billion BTC in its lawsuit. Nevertheless, Celsius has requested relief from the court in the […]
MakerDAO Tags Risks On Justin Sun’s Role in WBTC Custody
MakerDAO assesses the risk associated with the recent shifts in WBTC custody due to Justin Sun’s role in the BitGo and BiT Global joint venture. MakerDAO , a prominent entity in the decentralized finance (DeFi) sector, is evaluating the potential effects of the forthcoming Wrapped Bitcoin (WBTC) custody shifts on its risk management framework. The […]
Celsius Sues Tether to Recover $2B in Bitcoin Fraud
Celsius argues that Tether sold the Bitcoin at a low price and violated contract terms, exacerbating their bankruptcy. Celsius Network Ltd. has filed a lawsuit against Tether and its affiliated organizations. According to the allegations made in the lawsuit, the USDT issued today carried out “fraudulent” and “preferential” transfers of Bitcoin (BTC) totaling more than […]