The Securities and Exchange Commission is continuing its target against the world of crypto, suing the world’s largest crypto exchange Binance and its billionaire founder, Changpeng Zhao on Monday by alleging the company commingled billions of user funds and diverted those assets to an entity “owned and controlled” by Zhao.
Treasury Secretary Janet Yellen warned on Sunday that “financial and economic chaos would ensue,” if the U.S. fails to raise the debt ceiling by early June and strongly urge Congress to take decisive action to avoid an “economic calamity” ahead of President Biden’s meeting with “Big Four” Congressional leadership Tuesday.
President Biden officially ignited his re-election bid with a release of a campaign video early Tuesday morning, framing the 2024 race as the fight against “MAGA Republican” extremism and calling for Americans to choose him again by arguing he needs more time in his battle to fulfill his 2020 vow in restoring “the soul of America.”
Bitcoin soared past a crucial $30,000 level late Monday evening, reaching the highest level for the first time in 10 months and topping a key resistance zone.
A Manhattan grand jury voted to indict Donald Trump as part of the Manhattan District Attorney’s years-long investigation, becoming the first former president in U.S. history to face criminal charges.
In a deal with the Federal Deposit Insurance Corporation (FDIC), First Citizens BancShares Inc. snapped up a bulk of collapsed Silicon Valley Bank, just two weeks after a panic-induced run of deposits destroyed the lender’s finances in the second biggest U.S. bank failure since the 2008 financial crisis.