Federal prosecutors in Washington DC have launched a criminal investigation into Federal Reserve Chair Jerome Powell over the central bank's headquarters renovation and statements made to Congress. The probe, approved by US Attorney Jeanine Pirro in November 2025, is examining whether Powell made misleading statements about the project's scope and cost.
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This development has sparked concerns about the independence of the Federal Reserve, with some viewing it as a power struggle between Powell and President Donald Trump, who has repeatedly criticized Powell for resisting calls to sharply reduce interest rates.
*Key Points:*
- *Investigation Focus*: The renovation project and Powell's testimony to Congress - *Potential Impact*: Uncertainty in markets, potential shift in Fed's independence - *Market Reaction*: Dollar down, gold hits record high, crypto market volatility
🚨 California's new law lets the state seize digital assets from exchanges after 3 years of inactivity, labeling them "unclaimed property". This move's sparking controversy, with concerns about government overreach and threats to financial freedom 🔥.
*Key Points:* - Assets can be taken without owner consent - Targets long-term holders and inactive accounts - Raises questions about ownership and control - Could become a major political issue, especially with Trump's stance on regulation 💰
The law treats digital assets like traditional assets, but crypto's all about decentralization and self-custody 🤔. If you don't control your assets, are they really yours?
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X (Twitter) is Embedding a Crypto Terminal: How Smart Cashtags Will Completely Transform Your Feed
X (formerly Twitter) is revolutionizing your feed with Smart Cashtags, a feature that embeds real-time price tracking for crypto tokens and stocks directly into timelines. This means you can access live prices, charts, and market stats without leaving the app. Imagine tapping on $BTC or $ETH and instantly getting updates.
*Key Features:*
- *Real-time Data*: Get live prices and market metrics for cryptocurrencies, stocks, and ETFs. - *Asset Identification*: Specify exact assets or smart contracts to avoid confusion. - *Enhanced Discovery*: Explore related posts, news, and conversations about specific assets. - *Potential Trading Integration*: Future updates might include buy/sell buttons and trading capabilities.
Smart Cashtags is launching in February 2026, with initial support for major cryptocurrencies and stocks. This move positions X as a central hub for financial discourse and potentially transforms it into a trading platform. $BTC #X #Twitter #Binance
Federal Reserve Chair Jerome Powell is facing a criminal investigation by federal prosecutors, sparking concerns about the independence of the central bank. The investigation, related to Powell's June testimony about the Fed's $2.5 billion headquarters renovation, has been characterized by Powell as a "pretext" to pressure the Fed into aligning its interest rate decisions with the Trump administration's preferences.
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*Key Points:*
- *Independence at Stake*: Powell asserts that the Fed's independence is being threatened, with monetary policy potentially being directed by political pressure. - *Investigation Details*: The Justice Department served the Fed with grand jury subpoenas, focusing on Powell's testimony about the renovation project. - *Market Reaction*: The US dollar weakened, and gold prices surged following the news. - *Political Fallout*: Senator Thom Tillis has vowed to oppose any Trump nominee to the Fed until the matter is resolved.
The situation highlights the tension between the Fed's autonomy and political influence, with implications for economic stability and trust in institutions.
Airdrop scams are fraudulent schemes that promise free tokens or coins to trick people into sharing sensitive information or connecting their crypto wallets to malicious websites. These scams often mimic legitimate projects, making it crucial to stay vigilant.
*Common Types of Airdrop Scams:*
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Fed Chair Jerome Powell is pushing back against the Trump administration's pressure to lower interest rates, calling the threat of criminal charges a "pretext" to influence monetary policy. Powell stated that the Fed sets interest rates based on what's best for the public, not presidential preferences. This comes after the Department of Justice served the Fed with grand jury subpoenas over Powell's testimony about the central bank's $2.5 billion renovation project.
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The investigation is seen as a test of the Fed's independence, with some arguing it's an attempt to undermine the central bank's autonomy. Senator Thom Tillis has vowed to oppose any Trump nominee to the Fed until the matter is resolved, citing concerns about the DOJ's credibility.
The situation has sparked market reactions, with the US dollar weakening and gold prices surging.
Optimistic vs. Zero-Knowledge Rollups: What’s the Difference?
Optimistic Rollups and Zero-Knowledge (ZK) Rollups are two popular Layer 2 scaling solutions for blockchain networks like Ethereum. Here's a breakdown of their differences:
*Key Differences:*
- *Validation Approach*: Optimistic Rollups assume transactions are valid until proven otherwise, relying on a challenge period for fraud proofs. ZK Rollups use validity proofs (ZKPs) to verify transactions before submitting them to the main chain. - *Security*: Optimistic Rollups depend on economic incentives and honest validators, while ZK Rollups rely on cryptographic proofs for security. - *Transaction Finality*: ZK Rollups offer faster finality, as transactions are confirmed instantly, whereas Optimistic Rollups have a delay due to the challenge period (up to 7 days). - *Privacy*: ZK Rollups provide better privacy, concealing transaction details using zero-knowledge proofs, while Optimistic Rollups have limited privacy. - *Cost*: Optimistic Rollups are generally cheaper, with lower computational requirements, but ZK Rollups are becoming more cost-efficient with advancements like EIP-4844.
*Use Cases:*
- Optimistic Rollups suit applications prioritizing cost efficiency and compatibility with existing Ethereum infrastructure, such as DeFi protocols. - ZK Rollups are ideal for applications requiring high security, privacy, and fast transaction finality, like privacy-focused identity verification and crypto exchanges. $ZK #ZK
The US trade deficit has shrunk to its smallest point in over a decade, reaching $29.4 billion in October 2025, a 39% decrease from the previous month. This is largely due to a sharp decline in imports, particularly pharmaceuticals, and an increase in exports. While a smaller trade deficit might seem like a positive sign, it's also raising concerns about weaker consumer demand or supply chain disruptions.
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The trade deficit with China has also narrowed significantly, dropping to $9.5 billion, its lowest since February 2004. Similarly, the trade gap with the EU has shrunk to $6.3 billion.
US Trade Representative Jamieson Greer attributes this trend to President Donald Trump's tariff policies, aiming to reduce the US trade deficit and promote domestic manufacturing.