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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 20:22
    White House: Trump Does Not Support Musk’s AI Company Receiving Federal Contracts
    According to a report by Jinse Finance, White House Press Secretary Karine Jean-Pierre stated on Wednesday that she believes President Trump does not support federal agencies signing contracts with Elon Musk's artificial intelligence company. When asked whether Trump wanted to cancel the recent contracts signed with Musk's AI enterprise, Jean-Pierre said she would discuss the matter with the President. About a week ago, Musk's xAI, along with three other major tech companies, was awarded a Department of Defense contract worth up to $200 million. Since Musk resigned from his position as a special government employee at the end of May, Trump and Musk have been engaged in a heated dispute. Trump has stated that he could retaliate against Musk by canceling federal contracts with Musk's companies. (The Hill)
  • 20:02
    Florida Judge Denies Request to Unseal Epstein Grand Jury Records
    According to Jinse Finance, on Wednesday, a federal judge in Florida rejected a request from the Department of Justice to unseal grand jury records related to the Epstein investigation. Attorney General Bondi had pushed for the release of grand jury materials in the Epstein case in an effort to quell the anger of Trump's MAGA base, who have been urging the government to disclose Epstein's so-called "client list." Earlier this month, Trump's Department of Justice and the FBI stated that no such client list exists, and Bondi said she would not release any additional materials. Although the request was denied in Florida, the Department of Justice has another opportunity, as they have also asked two federal judges in New York to unseal grand jury transcripts, where prosecutors have brought charges against Epstein and his accomplice Ghislaine Maxwell. Federal courts in New York generally take a less strict approach to grand jury confidentiality. (Politico)
  • 19:32
    Analysis: The Mass Unstaking of 620,000 ETH May Be Linked to a Surge in Borrowing Rates Caused by Large Withdrawals of ETH Deposits on Aave
    According to Foresight News, X user darkpool analyzed that the mass unstaking of 620,000 ETH may be related to a surge in ETH withdrawals from the Aave platform, which caused borrowing rates to spike. The rapid withdrawal of ETH deposits from Aave led to soaring borrowing rates, forcing leveraged users to redeem stETH to deleverage, resulting in the current situation. The Aave ETH borrowing APR once soared to 10%. The Lido stETH exit waiting period has now been extended to 21 days (normally within a week), and there is still a discount of nearly 0.4% when swapping stETH for ETH on-chain.
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