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US Fed announces $25B in funding to backstop banks

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The Federal Reserve established a funding program for banks, making $25 billion available to eligible firms in a bid to avoid further banking liquidity issues.

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Bitcoin recovery rests on US-Iran deal as momentum remains weak

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LVRG Research director Nick Ruck says Bitcoin could face a “volatile path” if a recently agreed peace deal between the US and Iran breaks down.

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Coin Market

US government watchdog urges FDIC coordinate on crypto oversight

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The US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.”

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Coin Market

Anthropic shutdown makes a strong case for decentralized AI: Grayscale

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Grayscale says decentralized AI tokens gained after the US government ordered Anthropic to cut access to its latest AI models, showing user demand for alternatives to centralized AI.

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