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Senate passes stablecoin bill, turning focus to House
With the support of some Democrats, the U.S. Senate passed the landmark stablecoin GENIUS bill on Tuesday....

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate
Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and Iran. The flagship crypto fell to an intraday low of $103,300 before b...

Nintendo will take your Switch 2 offline forever if you use a Mig flash cartridge
Some Switch 2 owners have received the error code 2134-4508, which results in their consoles being permanently banned from accessing any of its online services, as spotted by IGN. It’s not a ban...

Revolut Plans to Launch AI Assistant for Consumers’ Financial Decision-Making
Finance app Revolut is reportedly experimenting with an artificial intelligence (AI) financial assistant and plans to launch it soon. [contact-form-7] Speaking at a Bloomberg New Voices e...

ETH Exits Layer 2s as Native Token Prices Slip
The total amount of ETH held across Layer 2 networks is dropping fast as falling L2 token prices struggle to hold investors’ interest....

Amazon CEO says it will cut jobs due to AI’s ‘efficiency’
Amazon CEO Andy Jassy says advancements in AI will “reduce” the company’s corporate headcount over the next few years. In a memo to employees on Tuesday, Jassy writes that Amazon expects the...

Banking Giant JPMorgan Tests Deposit Tokens on Base
The $4 trillion financial institution is piloting “deposit tokens” on Coinbase’s Ethereum Layer 2 blockchain, Base....

Fossil fuels are an insurance disaster
Heatwaves, mold, and plastic pollution pose new risks to businesses and insurance companies, a new report by reinsur...

Streaming Overtakes Broadcast and Cable Watchers for First Time
America is now officially a nation of cord-cutters, according to new Nielsen data. [contact-form-7] For the first time ever, the number of viewers who watched TV via streaming services has...

JPMorgan Reveals New Details of its JPMD Stablecoin
JPMorgan is going public with details about its new JPMD stablecoin, which will launch on the Base blockchain. The firm will begin a pilot program sometime in the next few days. Technically, JPMD ...

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