Tech and consulting giant IBM was not immune to the Department of Government Efficiency’s (DOGE) cuts. IBM had 15 of its federal contracts canceled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent…
The newly sworn-in SEC chair is set to make his highly anticipated debut with a speech that could ignite sweeping reforms and redefine the future of crypto regulation. Paul Atkins’ First Speech as SEC Chair to Set Stage for Oversight Reform The U.S. Securities and Exchange Commission (SEC) announced on April 23 via its official…
Photo: Edouard H.R. Gluck Key Takeaways Twenty One Capital, backed by Tether and SoftBank, aims to accumulate over 42,000 Bitcoin. The company will develop Bitcoin-native financial products under the ticker symbol XXI. Share this article Twenty One Capital, Inc., a Bitcoin-centric venture, is launching with backing from Tether, SoftBank, and Cantor Fitzgerald, according to a…
Payments giant PayPal is reportedly going to start offering customers yield on its proprietary stablecoin product. According to a new report by Bloomberg, PayPay is planning on offering rewards to users of their stablecoin PayPal USD (PYUSD) as a means of increasing its usage. The report says that the program is expected to launch sometime…
The hour is nearly upon us. It’s almost time to preorder a Nintendo Switch 2. With most U.S. retailers set to finally push preorders live at midnight ET on April 24, the priority for most Switch enthusiasts will surely be grabbing one during this first wave. However, let’s collectively resign ourselves to the very real…
Crypto markets lit up Tuesday after a mix of political drama and regulatory shakeups jolted investor confidence. Bitcoin jumped to over $91,000 for the first time in nearly two months, with some help from Donald Trump’s latest jabs at the Federal Reserve and the appointment of Paul Atkins as the new head of the SEC….
Zoë Schiffer: Can you talk to me about that relationship? And also, what is Tesla’s standing like in China? Is it viewed as a popular, cool car still? Zeyi Yang: It’s still sort of, because for the longest time, Chinese auto brands have been seen as inferior to foreign brands. Tesla still has that halo…
Paypal is launching a new rewards program for its stablecoin PYUSD, offering U.S. users a 3.7% annual return to boost adoption in the competitive stablecoin market. Incentivizing Use of PYUSD Paypal Holdings is launching a new rewards program for its stablecoin PYUSD to boost adoption of the digital token within a fiercely competitive market. The…
The XRP Ledger Foundation has warned about a security vulnerability in the official JavaScript SDK, which interacts with the XRPL. On April 21, Aikido Security revealed that several versions of its Node Package Manager (NPM) software were compromised and published, containing a backdoor that could steal private keys from users. Security Flaw in Developer Kit…
Solana-based decentralized exchange Meteora is facing a class-action lawsuit over pump-and-dump claims surrounding the M3M3 meme coin launch. The complaint alleges this led to losses of at least $69 million between December 2024 and February 2025. Rug Pull Allegations In the April 21 filing with the U.S. District Court for the Southern District of New…
