The proposed bill from Senator Adam Schiff followed similar legislation in the House of Representatives from Maxine Waters in response to the president's memecoin dinner. California Senator Adam Schiff and nine other Democratic lawmakers have introduced legislation to prevent what they called “financial exploitation of digital assets” by the US president and other public officials. In a Monday announcement, Schiff and several Democratic senators said they had introduced the Curbing Officials’ Income and Nondisclosure, or COIN, Act, in response to US President Donald Trump’s connections to the cryptocurrency industry. The proposed legislation followed Trump’s disclosure of $57.4 million in income tied to World Liberty Financial (WLF), the crypto platform backed by members of his family. “President Donald Trump’s cryptocurrency dealings have raised significant ethical, legal and constitutional concerns over his use of the office of the presidency to enrich himself and his family,” said Schiff. “That’s why I am ...
Iran launched a powerful missile strike targeting main Israeli cities, including Tel Aviv and Haifa, exposing critical weaknesses in Israel’s much hyped defence systems, Lebanese newspaper, Al-Akhbar, reported. According to Mehr News Agency, Lebanese newspapers reported that the Iranian missile strike overcame Israeli interceptive capacity, with many missiles hitting their intended targets with extraordinary exactness. […]
OKAYAMA: As temperatures increase across Japan, residents and tourists in the western region of Okayama are embracing a delightful and traditional way to cool down, Nagashi Somen, a treasured summer ritual in Japan. In the lovely Yamanori Valley of Maniwa City, a restaurant with over 40 years of history has reopened for the season, offering […]
HYPE is up 300%, and Hyperliquid leads the DEX perp market. But with a $38B valuation and just 21 validators, some question whether the rise is sustainable. Key takeaways: HYPE has surged over 300% since April, driven by growing usage of the Hyperliquid exchange and rising investor interest. Hyperliquid now leads the decentralized perpetuals market, processing over 70% of DEX perp volume. Read more
Hollywood star Tom Cruise reunited with his ‘Interview With a Vampire’ co-star Brad Pitt at the ‘F1’ premiere in the United Kingdom. To Read Lifestyle Stories in Urdu – Click Here The ‘Mission: Impossible’ star left everyone by surprise when he joined Pitt on the red carpet in London as the two Hollywood stars posed […]
The company’s CEO described the stock tokenization as a “DeFi Lego block,” suggesting it serves as a foundational piece for decentralized finance adoption. Update (June 23, 2025 at 10:02 PM UTC): This article has been updated to state that Backed created the xStocks platform. DeFi Development Corp., a Solana treasury company formerly known as Janover, announced plans to tokenize its shares through a partnership with crypto exchange Kraken. According to a Monday announcement, the company will use xStocks, a tokenization platform created by Backed, to bring its shares onchain. Kraken announced a partnership with xStocks in May, promising to offer investors tokenized shares of US-listed companies such as Apple, Tesla and Nvidia to users in other regions. The platform is built on the Solana blockchain. Read more
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has summoned an urgent meeting on Tuesday to address the supply of petroleum products, prompted by the volatile regional situation, ARY News reported citing sources. PM Shehbaz will chair the meeting while representatives from the Petroleum Division, Oil and Gas Regulatory Authority (OGRA), Pakistan State Oil (PSO), and refinery […]