Emperor MAHD
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Trump evacuated after gunshots at White House Correspondents’ Dinner; president says shooter caught.
President Donald Trump was evacuated from the White House Correspondents’ Dinner on Saturday night after multiple gunshots were heard in the ballroom.
Trump, in a Truth Social post less than an hour later, said that a shooter has been caught.
“Quite an evening in D.C. Secret Service and Law Enforcement did a fantastic job. They acted quickly and bravely,” he said in the post.
“The shooter has been apprehended, and I have recommended that we ‘LET THE SHOW GO ON’ but, will entirely be guided by Law Enforcement,” he wrote.
“They will make a decision shortly. Regardless of that decision, the evening will be much different than planned, and we’ll just, plain, have to do it again. President DONALD J. TRUMP.”
At least five shots were heard at the event in the Washington Hilton hotel. They seemed to ring out from the back of the ballroom as attendees were eating their first course, several minutes after White House Correspondents’ Association President Weija Jiang delivered remarks.
#TRUMP , who was seated on a stage at the front of the ballroom next to first lady Melania Trump, was quickly surrounded by U.S. Secret Service members, while many attendees ducked under their tables.
Video of the event shows the president being ushered off the stage a few seconds later, as armed guards wearing tactical gear and large rifles appeared on the dais.
Numerous other top Trump administration officials were at the event, including Vice President JD Vance, FBI Director Kash Patel and Health and Human Services Secretary Robert F. Kennedy, Jr.
Jiang said a few minutes after the incident that the dinner would resume.
“I know everyone is going to want as many details as possible, and right now we don’t have them,” she said from the stage.
U.S. Attorney for Washington Jeanine Pirro, who was attending the event, said in a social media post that the Secret Service “is now in charge of” the building following the shooting.
President Donald Trump was evacuated from the White House Correspondents’ Dinner on Saturday night after multiple gunshots were heard in the ballroom.
Trump, in a Truth Social post less than an hour later, said that a shooter has been caught.
“Quite an evening in D.C. Secret Service and Law Enforcement did a fantastic job. They acted quickly and bravely,” he said in the post.
“The shooter has been apprehended, and I have recommended that we ‘LET THE SHOW GO ON’ but, will entirely be guided by Law Enforcement,” he wrote.
“They will make a decision shortly. Regardless of that decision, the evening will be much different than planned, and we’ll just, plain, have to do it again. President DONALD J. TRUMP.”
At least five shots were heard at the event in the Washington Hilton hotel. They seemed to ring out from the back of the ballroom as attendees were eating their first course, several minutes after White House Correspondents’ Association President Weija Jiang delivered remarks.
#TRUMP , who was seated on a stage at the front of the ballroom next to first lady Melania Trump, was quickly surrounded by U.S. Secret Service members, while many attendees ducked under their tables.
Video of the event shows the president being ushered off the stage a few seconds later, as armed guards wearing tactical gear and large rifles appeared on the dais.
Numerous other top Trump administration officials were at the event, including Vice President JD Vance, FBI Director Kash Patel and Health and Human Services Secretary Robert F. Kennedy, Jr.
Jiang said a few minutes after the incident that the dinner would resume.
“I know everyone is going to want as many details as possible, and right now we don’t have them,” she said from the stage.
U.S. Attorney for Washington Jeanine Pirro, who was attending the event, said in a social media post that the Secret Service “is now in charge of” the building following the shooting.
Trump has singled out House Minority Leader Hakeem Jeffries and conservative podcaster Candace Owens as “Low IQ” in his latest attacks against prominent people.
“Candace Owens’ stock, which was never very high, has fallen a long way,” the president wrote on Truth Social.
“I believe, in this case, without verification, she is an extremely Low IQ individual!”
He further slammed Owens for targeting France’s first lady, Brigitte Macron. The podcaster has repeatedly, and without evidence, claimed Macron is secretly transgender — allegations that prompted an unprecedented defamation lawsuit from her and husband President Emmanuel Macron.
In the post, Trump shared a doctored image portraying Owens as Time magazine’s “Vile Person of the Year,” accompanied by taglines accusing her of “using rich white men”.
Seven minutes later, he turned his attention to Jeffries — who he previously derided as a “low IQ person”
“Hakeem ‘High Tax’ Jeffries is a Low IQ individual who is not smart enough to be ‘running’ the Democrat Party, and certainly not smart enough to be involved in running the United States of America,” the Republican president wrote.
“It’s people like this who almost destroyed our Nation with their High Tax, Open Border Policies,” he continued. “In the future, Hakeem, a fine American name, will forever be known as HIGH TAX!”
The president #TRUMP routinely labels opponents and critics of all racial backgrounds as “low IQ” — a term he also used this month to describe Tucker Carlson and Megyn Kelly.
Yet he has most often applied it to minority figures, including Supreme Court Justice Ketanji Brown Jackson, Rep. Jasmine Crockett, Rep. Maxine Waters and former Vice President Kamala Harris.
$TRUMP
“Candace Owens’ stock, which was never very high, has fallen a long way,” the president wrote on Truth Social.
“I believe, in this case, without verification, she is an extremely Low IQ individual!”
He further slammed Owens for targeting France’s first lady, Brigitte Macron. The podcaster has repeatedly, and without evidence, claimed Macron is secretly transgender — allegations that prompted an unprecedented defamation lawsuit from her and husband President Emmanuel Macron.
In the post, Trump shared a doctored image portraying Owens as Time magazine’s “Vile Person of the Year,” accompanied by taglines accusing her of “using rich white men”.
Seven minutes later, he turned his attention to Jeffries — who he previously derided as a “low IQ person”
“Hakeem ‘High Tax’ Jeffries is a Low IQ individual who is not smart enough to be ‘running’ the Democrat Party, and certainly not smart enough to be involved in running the United States of America,” the Republican president wrote.
“It’s people like this who almost destroyed our Nation with their High Tax, Open Border Policies,” he continued. “In the future, Hakeem, a fine American name, will forever be known as HIGH TAX!”
The president #TRUMP routinely labels opponents and critics of all racial backgrounds as “low IQ” — a term he also used this month to describe Tucker Carlson and Megyn Kelly.
Yet he has most often applied it to minority figures, including Supreme Court Justice Ketanji Brown Jackson, Rep. Jasmine Crockett, Rep. Maxine Waters and former Vice President Kamala Harris.
$TRUMP
Trump cancels U.S. envoy trip to Pakistan for Iran war negotiations.
Trump said he canceled the U.S. delegation’s trip to Islamabad, Pakistan, to meet with the Iranians.
“Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their “leadership,” the president wrote in a post on Truth Social.
“Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!
Witkoff and Kushner, the president’s son-in-law, had been scheduled to head to Pakistan earlier in the day to engage in “direct talks” with their Iranian counterparts, according to the White House.
Iranian Foreign Minister Abbas Araghchi met with the head of Pakistan’s military, Asim Munir, the Iranian embassy in Pakistan said in a post on X on Saturday.
A senior Iranian official said his government’s representatives had no plans to meet with U.S. negotiators.
“No meeting is planned to take place between Iran and the U.S. Iran’s observations would be conveyed to Pakistan,” Iranian Foreign Ministry spokesperson Esmaeil Baqaei said in a post on X.
Reuters, citing two Pakistani government sources, said the Iranian delegation had flown out of the country on Saturday.
Araghchi, in a post on X, praised Pakistani leaders but appeared to dismiss talks with the Americans.
“Very fruitful visit to Pakistan, whose good offices and brotherly efforts to bring back peace to our region we very much value,” he wrote.
“Shared Iran’s position concerning workable framework to permanently end the war on Iran.
Have yet to see if the U.S. is truly serious about diplomacy.”
#TRUMP had told Reuters in a phone call on Friday that Iran would be “making an offer,” adding that he did not yet know what it would be and that “we’ll have to see.”
Trump told Reuters that the U.S. will not lift its blockade of Iranian ports until a deal with Iran is struck.
Trump said he canceled the U.S. delegation’s trip to Islamabad, Pakistan, to meet with the Iranians.
“Too much time wasted on traveling, too much work! Besides which, there is tremendous infighting and confusion within their “leadership,” the president wrote in a post on Truth Social.
“Nobody knows who is in charge, including them. Also, we have all the cards, they have none! If they want to talk, all they have to do is call!!!
Witkoff and Kushner, the president’s son-in-law, had been scheduled to head to Pakistan earlier in the day to engage in “direct talks” with their Iranian counterparts, according to the White House.
Iranian Foreign Minister Abbas Araghchi met with the head of Pakistan’s military, Asim Munir, the Iranian embassy in Pakistan said in a post on X on Saturday.
A senior Iranian official said his government’s representatives had no plans to meet with U.S. negotiators.
“No meeting is planned to take place between Iran and the U.S. Iran’s observations would be conveyed to Pakistan,” Iranian Foreign Ministry spokesperson Esmaeil Baqaei said in a post on X.
Reuters, citing two Pakistani government sources, said the Iranian delegation had flown out of the country on Saturday.
Araghchi, in a post on X, praised Pakistani leaders but appeared to dismiss talks with the Americans.
“Very fruitful visit to Pakistan, whose good offices and brotherly efforts to bring back peace to our region we very much value,” he wrote.
“Shared Iran’s position concerning workable framework to permanently end the war on Iran.
Have yet to see if the U.S. is truly serious about diplomacy.”
#TRUMP had told Reuters in a phone call on Friday that Iran would be “making an offer,” adding that he did not yet know what it would be and that “we’ll have to see.”
Trump told Reuters that the U.S. will not lift its blockade of Iranian ports until a deal with Iran is struck.
US Offers $10M Reward as DOJ Restrains Over $700M in Crypto From Scam Centers Targeting Americans
The U.S. State Department Offers a “reward offer of up to $10 million for information leading to financial disruption of Tai Chang Scam Centers in Burma”
The U.S. Department of Justice (DOJ) and State Department announced coordinated actions targeting Southeast Asian scam centers, their financial networks, and alleged fraud schemes aimed at Americans.
The State Department said the #Reward seeks information tied to money laundering connected to Tai Chang.
It stated:
“Tai Chang is a series of compounds conducting these online fraud schemes, particularly cryptocurrency investment fraud.”
The Justice Department outlined an expanded enforcement push through its Scam Center Strike Force, emphasizing ongoing financial tracking and asset recovery.
“The Strike Force has continued to identify funds involved in money laundering from scam centers, seeking to seize and forfeit the same.”
It stated, adding:
“Collectively the U.S. Attorney’s Office, the Department’s Criminal Division, and their partners have restrained more than $700 million in cryptocurrency alleged to be tied to money laundering from #cryptocurrency scams.”
The amount underscores the scale of the operation and highlights cryptocurrency’s central role in the government’s enforcement strategy.
The U.S. State Department Offers a “reward offer of up to $10 million for information leading to financial disruption of Tai Chang Scam Centers in Burma”
The U.S. Department of Justice (DOJ) and State Department announced coordinated actions targeting Southeast Asian scam centers, their financial networks, and alleged fraud schemes aimed at Americans.
The State Department said the #Reward seeks information tied to money laundering connected to Tai Chang.
It stated:
“Tai Chang is a series of compounds conducting these online fraud schemes, particularly cryptocurrency investment fraud.”
The Justice Department outlined an expanded enforcement push through its Scam Center Strike Force, emphasizing ongoing financial tracking and asset recovery.
“The Strike Force has continued to identify funds involved in money laundering from scam centers, seeking to seize and forfeit the same.”
It stated, adding:
“Collectively the U.S. Attorney’s Office, the Department’s Criminal Division, and their partners have restrained more than $700 million in cryptocurrency alleged to be tied to money laundering from #cryptocurrency scams.”
The amount underscores the scale of the operation and highlights cryptocurrency’s central role in the government’s enforcement strategy.
Michael Burry Just Went Long on Microsoft.
Billionaire investor Michael Burry recently disclosed a long position in Microsoft, citing the company’s high-margin software and cloud business with fortress-like fundamentals.
Burry, best known for his bet against the housing market ahead financial crisis (immortalized in The Big Short)
And recently betting big against #NVIDIA (NASDAQ:NVDA)
And Palantir Technologies (NYSE:PLTR)
Rarely makes moves without a thesis.
Microsoft (MSFT) is down 13% year-to-date and trading 24% below its 52-week high, while generating recurring revenue from Azure and Office 365 with durable cash flow margins that exceed most tech peers.
So here’s the question investors are suddenly asking: when a high-profile contrarian like Michael Burry steps in, is that a signal or just noise in a crowded market.
According to a recent Substack post, the billionaire investor disclosed that he has gone long on Microsoft.
He did not specify the size of the position, which is typical for his style -- light on fanfare, heavy on implication.
While he didn’t lay out a detailed valuation model this time, his broader track record suggests a few consistent themes: he likes cash-generative businesses, he leans into fear-driven selloffs, and he pays attention when quality names get repriced.
#Microsoft checks those boxes more cleanly than most.
Only weeks ago, Microsoft was trading at a decade-low multiple as investors questioned #AI spending returns and broader enterprise IT budgets. Since then, buyers have stepped back in, suggesting that the worst of the panic selling may have already cleared.
That doesn’t automatically make it cheap, but it does reset expectations.
Surprisingly, this isn’t a stretch for Burry’s style of investing. At its core, Microsoft is still a high-margin software and cloud business with durable cash flow.
According to its latest earnings report, the company continues to generate strong operating margins driven by its Azure cloud platform and Office productivity suite.
$MSFT
Billionaire investor Michael Burry recently disclosed a long position in Microsoft, citing the company’s high-margin software and cloud business with fortress-like fundamentals.
Burry, best known for his bet against the housing market ahead financial crisis (immortalized in The Big Short)
And recently betting big against #NVIDIA (NASDAQ:NVDA)
And Palantir Technologies (NYSE:PLTR)
Rarely makes moves without a thesis.
Microsoft (MSFT) is down 13% year-to-date and trading 24% below its 52-week high, while generating recurring revenue from Azure and Office 365 with durable cash flow margins that exceed most tech peers.
So here’s the question investors are suddenly asking: when a high-profile contrarian like Michael Burry steps in, is that a signal or just noise in a crowded market.
According to a recent Substack post, the billionaire investor disclosed that he has gone long on Microsoft.
He did not specify the size of the position, which is typical for his style -- light on fanfare, heavy on implication.
While he didn’t lay out a detailed valuation model this time, his broader track record suggests a few consistent themes: he likes cash-generative businesses, he leans into fear-driven selloffs, and he pays attention when quality names get repriced.
#Microsoft checks those boxes more cleanly than most.
Only weeks ago, Microsoft was trading at a decade-low multiple as investors questioned #AI spending returns and broader enterprise IT budgets. Since then, buyers have stepped back in, suggesting that the worst of the panic selling may have already cleared.
That doesn’t automatically make it cheap, but it does reset expectations.
Surprisingly, this isn’t a stretch for Burry’s style of investing. At its core, Microsoft is still a high-margin software and cloud business with durable cash flow.
According to its latest earnings report, the company continues to generate strong operating margins driven by its Azure cloud platform and Office productivity suite.
$MSFT
Porsche is selling its Bugatti Rimac stake and walking away from Rimac
Porsche AG has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as its largest investor.
Under the terms of the deal, Porsche will also divest its 20.6% stake in Rimac Group, marking a complete exit from its investment in the Croatian electric hypercar maker.
Following the transaction’s completion, Rimac Group will take full operational control of Bugatti Rimac and form a strategic partnership with BlueFive and HOF Capital to support the brand’s growth.
HOF Capital was co-founded by a scion of Egypt’s #billionaire Sawiris family.
BlueFive Capital is a private equity firm led by Hazem Ben-Gacem, a former executive at alternative #Investment firm Investcorp.
“As an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company, with the sale of our stake, we are focusing Porsche on the core business.” said Michael Leiters, CEO of Porsche AG.
“With the strong foundations [Porsche’s] support has provided, we now have a structure that allows us to execute even faster on our long-term vision,” said Mate Rimac, CEO of Bugatti Rimac.
“BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come,” said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.
Financial terms of the transaction were not disclosed.
Rimac founder Mate Rimac had expressed interests to buy Porsche’s stake last year, making a preliminary offer that valued the joint venture at slightly over €1 billion ($1.1 billion), Bloomberg reported, citing people familiar with the matter.
Porsche AG has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as its largest investor.
Under the terms of the deal, Porsche will also divest its 20.6% stake in Rimac Group, marking a complete exit from its investment in the Croatian electric hypercar maker.
Following the transaction’s completion, Rimac Group will take full operational control of Bugatti Rimac and form a strategic partnership with BlueFive and HOF Capital to support the brand’s growth.
HOF Capital was co-founded by a scion of Egypt’s #billionaire Sawiris family.
BlueFive Capital is a private equity firm led by Hazem Ben-Gacem, a former executive at alternative #Investment firm Investcorp.
“As an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company, with the sale of our stake, we are focusing Porsche on the core business.” said Michael Leiters, CEO of Porsche AG.
“With the strong foundations [Porsche’s] support has provided, we now have a structure that allows us to execute even faster on our long-term vision,” said Mate Rimac, CEO of Bugatti Rimac.
“BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come,” said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.
Financial terms of the transaction were not disclosed.
Rimac founder Mate Rimac had expressed interests to buy Porsche’s stake last year, making a preliminary offer that valued the joint venture at slightly over €1 billion ($1.1 billion), Bloomberg reported, citing people familiar with the matter.
7 ‘red flag’ phrases manipulators use to get what they want—they sound ‘nice’ and ‘kind’ at first, say communication experts
1. I’m sorry you’re so upset.
Manipulators use phrases like this as a fake apology — and they typically follow it up with a list of what you did wrong or why your perceptions are wrong.
2. I know we’ve only known each other a short time, but I know this is the real thing.
That’s when someone inundates you with affectionate words and gestures early on to build influence.
At first, it feels flattering.
Over time, it often shifts into control.
The same person who puts you on a pedestal may later use that dynamic to undermine your confidence.
It’s a classic power play.
3. We don’t need anyone but each other.
The goal: to make you dependent upon only them.
By framing the relationship as exclusive, the manipulator creates distance between you and people who might offer perspective — and makes you more dependent on them.
4. I’m only saying this because I care so much about you.
You might think you’re being appreciated, but you’re really being maneuvered into agreeing with someone who’s setting you up. As a result, your self-esteem begins to suffer.
5. Are you okay? I’m worried about you. You seem a little out of it lately.
Gaslighters try to get you to question your own hold on reality.
They inject doubt into your thought processes and make you feel that you’re not thinking straight.
6. I’m not sure [friend/family member/co-worker] has your best interests at heart like I do.
this is another part of the gaslighting process.
The manipulator’s goal? To have you discount what other people tell you and listen to the manipulator as the only person telling you the truth.
7. If that’s what you want to do, go ahead and do whatever you want.
Manipulators often use phrases like this one when they haven’t gotten what they wanted, when you aren’t playing their game.
So while they’re saying “oh, it’s fine,” they’re really saying the opposite.
1. I’m sorry you’re so upset.
Manipulators use phrases like this as a fake apology — and they typically follow it up with a list of what you did wrong or why your perceptions are wrong.
2. I know we’ve only known each other a short time, but I know this is the real thing.
That’s when someone inundates you with affectionate words and gestures early on to build influence.
At first, it feels flattering.
Over time, it often shifts into control.
The same person who puts you on a pedestal may later use that dynamic to undermine your confidence.
It’s a classic power play.
3. We don’t need anyone but each other.
The goal: to make you dependent upon only them.
By framing the relationship as exclusive, the manipulator creates distance between you and people who might offer perspective — and makes you more dependent on them.
4. I’m only saying this because I care so much about you.
You might think you’re being appreciated, but you’re really being maneuvered into agreeing with someone who’s setting you up. As a result, your self-esteem begins to suffer.
5. Are you okay? I’m worried about you. You seem a little out of it lately.
Gaslighters try to get you to question your own hold on reality.
They inject doubt into your thought processes and make you feel that you’re not thinking straight.
6. I’m not sure [friend/family member/co-worker] has your best interests at heart like I do.
this is another part of the gaslighting process.
The manipulator’s goal? To have you discount what other people tell you and listen to the manipulator as the only person telling you the truth.
7. If that’s what you want to do, go ahead and do whatever you want.
Manipulators often use phrases like this one when they haven’t gotten what they wanted, when you aren’t playing their game.
So while they’re saying “oh, it’s fine,” they’re really saying the opposite.
Aave founder Stani Kulechov committed 5,000 ether to DeFi United, the ecosystem-wide recovery initiative launched post the $292 million KelpDAO exploit.
Mantle Network also announced what has emerged as the single largest contribution to DeFi United to date, committing 30,000 ETH
valued at approximately $70.5 million at current prices.
Even though the #Ethereum layer-2 network had no direct exposure to the KelpDAO exploit, its decision to step in has unearthed a growing consensus among DeFi protocols that systemic risk in one major lending market can rapidly cascade to others.
The collapse of rsETH’s collateral value had already helped erase approximately $14 billion from total value locked across tracked DeFi protocols, according to data from Defillama, pulling the sector from $99.49 billion to roughly $85.32 billion.
Frax Protocol joined the momentum shortly after, with Kulechov noting that Frax is preparing a community governance proposal to formalize its support for #defi United. Like Mantle, Frax had no direct exposure to rsETH, making its participation a voluntary act of ecosystem solidarity rather than self-preservation.
Mantle Network also announced what has emerged as the single largest contribution to DeFi United to date, committing 30,000 ETH
valued at approximately $70.5 million at current prices.
Even though the #Ethereum layer-2 network had no direct exposure to the KelpDAO exploit, its decision to step in has unearthed a growing consensus among DeFi protocols that systemic risk in one major lending market can rapidly cascade to others.
The collapse of rsETH’s collateral value had already helped erase approximately $14 billion from total value locked across tracked DeFi protocols, according to data from Defillama, pulling the sector from $99.49 billion to roughly $85.32 billion.
Frax Protocol joined the momentum shortly after, with Kulechov noting that Frax is preparing a community governance proposal to formalize its support for #defi United. Like Mantle, Frax had no direct exposure to rsETH, making its participation a voluntary act of ecosystem solidarity rather than self-preservation.
OpenAI unveiled GPT-5.5, calling GPT-5.5 its smartest and most
intuitive model yet and claimed that it is the next step toward letting
AI actually do the work, not just talk about it.
"You can hand it a vague project and trust it to plan, use tools, check
its own work, navigate ambiguity and keep going until it's done," the
press release said.
Unlike earlier versions that needed careful step-by-step instructions,
GPT-5.5 can take on messy, multi-part tasks from start to finish,
according to the press release by the company.
The model excels at writing and debugging code, researching online, analyzing data, building documents and spreadsheets, and even operating software across different apps.
OpenAI's GPT-5.5 is its smartest, most intuitive #AI model, designed to
perform complex, multi-part tasks and "do the work" rather than just
talk about it.
GPT-5.5 achieves 82.7% accuracy on Terminal-Bench 2.0 and scores 58.6% on SWE-Bench Pro, solving more GitHub issues end-to-end than previous models.
GPT-5.5 acts as a capable assistant, excelling at finding information, analyzing data, and generating high-quality documents, spreadsheets, and presentations for various teams.
GPT-5.5 features stronger safeguards, including tighter controls for
high-risk cybersecurity requests and expanded testing with external
redteamers, classified as "High" risk.
GPT-5.5 is rolling out to Plus, Pro, Business, and Enterprise users in
#ChatGPT and Codex. GPT-5.5 Pro is available for Pro, Business, and
Enterprise tiers.
GPT-5.5 uses fewer tokens, delivering frontier-level intelligence at
roughly half the cost of competing models, and boosts token generation
speeds by over 20%.
intuitive model yet and claimed that it is the next step toward letting
AI actually do the work, not just talk about it.
"You can hand it a vague project and trust it to plan, use tools, check
its own work, navigate ambiguity and keep going until it's done," the
press release said.
Unlike earlier versions that needed careful step-by-step instructions,
GPT-5.5 can take on messy, multi-part tasks from start to finish,
according to the press release by the company.
The model excels at writing and debugging code, researching online, analyzing data, building documents and spreadsheets, and even operating software across different apps.
OpenAI's GPT-5.5 is its smartest, most intuitive #AI model, designed to
perform complex, multi-part tasks and "do the work" rather than just
talk about it.
GPT-5.5 achieves 82.7% accuracy on Terminal-Bench 2.0 and scores 58.6% on SWE-Bench Pro, solving more GitHub issues end-to-end than previous models.
GPT-5.5 acts as a capable assistant, excelling at finding information, analyzing data, and generating high-quality documents, spreadsheets, and presentations for various teams.
GPT-5.5 features stronger safeguards, including tighter controls for
high-risk cybersecurity requests and expanded testing with external
redteamers, classified as "High" risk.
GPT-5.5 is rolling out to Plus, Pro, Business, and Enterprise users in
#ChatGPT and Codex. GPT-5.5 Pro is available for Pro, Business, and
Enterprise tiers.
GPT-5.5 uses fewer tokens, delivering frontier-level intelligence at
roughly half the cost of competing models, and boosts token generation
speeds by over 20%.
20,000 job cuts at Meta, Microsoft
Meta said that it’s cutting 10% of its workforce, just as
Microsoft announced that it’s offering employee buyouts for the first
time in its 51-year history.
Meta only hinted at AI in its announcement.
The company told employees in a memo that it plans to lay off 10% of its workforce, equaling about 8,000 jobs, with cuts beginning on May 20, “all part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.”
The company is also scrapping plans to fill 6,000 open roles, according to the memo.
Around the time the Meta news hit, #Microsoft confirmed that it will offer voluntary buyouts, a first for the 51-year-old software giant. About 7% of U.S. employees are eligible, according to a person familiar with the plans who asked not to be named because the number isn’t being made public.
With about 125,000 U.S. employees, that could add up to 8,750 cuts.
“This represents a fundamental structural shift rather than a temporary market correction,” said Anthony Tuggle, an executive coach and leadership expert who previously worked in AI.
“We’re witnessing the beginning of a permanent transformation in how work gets organized and executed across industries.”
Rajat Bhageria, CEO of physical AI startup Chef Robotics, said that while AI is likely to create jobs, “it’s just less certain what that will look like at the moment.”
“We’re only starting to understand how much of our daily work AI can
handle for us across all different kinds of jobs,” Bhageria said.
Daniel Zhao, Glassdoor’s chief economist, said “Because natural attrition isn’t happening as much, companies are being more aggressive about pushing people out of the door.”
Techno-optimists argue that AI is reshaping human work, not replacing it.
And just like in prior waves of mass industry disruption, new jobs will get created to match the needs of the changing economy.
Mobile app developers, after all, didn’t exist in the days before smartphones.
Meta said that it’s cutting 10% of its workforce, just as
Microsoft announced that it’s offering employee buyouts for the first
time in its 51-year history.
Meta only hinted at AI in its announcement.
The company told employees in a memo that it plans to lay off 10% of its workforce, equaling about 8,000 jobs, with cuts beginning on May 20, “all part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.”
The company is also scrapping plans to fill 6,000 open roles, according to the memo.
Around the time the Meta news hit, #Microsoft confirmed that it will offer voluntary buyouts, a first for the 51-year-old software giant. About 7% of U.S. employees are eligible, according to a person familiar with the plans who asked not to be named because the number isn’t being made public.
With about 125,000 U.S. employees, that could add up to 8,750 cuts.
“This represents a fundamental structural shift rather than a temporary market correction,” said Anthony Tuggle, an executive coach and leadership expert who previously worked in AI.
“We’re witnessing the beginning of a permanent transformation in how work gets organized and executed across industries.”
Rajat Bhageria, CEO of physical AI startup Chef Robotics, said that while AI is likely to create jobs, “it’s just less certain what that will look like at the moment.”
“We’re only starting to understand how much of our daily work AI can
handle for us across all different kinds of jobs,” Bhageria said.
Daniel Zhao, Glassdoor’s chief economist, said “Because natural attrition isn’t happening as much, companies are being more aggressive about pushing people out of the door.”
Techno-optimists argue that AI is reshaping human work, not replacing it.
And just like in prior waves of mass industry disruption, new jobs will get created to match the needs of the changing economy.
Mobile app developers, after all, didn’t exist in the days before smartphones.
The Top 10 Most Profitable Bitcoin Miners on April, 2026
1.Bitmain Antminer S23 Hydro 3U — $31.62/day
Released January 2026, the S23 Hydro 3U is listed at 1.16 PH/s with a rated power draw of 11,020 watts. Specs indicate an efficiency of approximately 9.5 joules per terahash (J/TH)
2.MicroBT Whatsminer M79S — $29.91/day
Released December 2025, the M79S is rated at 1.35 PH/s with a power draw of 20,000 watts. Specs place its efficiency at roughly 14.81 J/TH.
3.Bitdeer Sealminer A4 Ultra Hydro — $24.20/day
Scheduled for release in May 2026, the A4 Ultra Hydro is listed at 886 TH/s with a rated power draw of 8,372 watts. While it’s not out yet, specs indicate an efficiency of 9.45 J/TH.
4.Bitmain Antminer S23e Hydro 2U — $23.17/day
Released in April 2026, Bitmain lists this machine at 865 TH/s with an 8,650-watt power draw and a rated efficiency of 10 J/TH.
5.Bitmain Antminer S21e XP Hydro 3U — $20.56/day
Released January 2025, this specific machine is rated at 860 TH/s at 11,180 watts. It is among the older units still appearing in the top
profitability rankings as of April 2026.
6.MicroBT Whatsminer M79 — $19.55/day
Released January 2026, MicroBT‘s M79 hashrate output is rated at 920 TH/s with a 14,500-watt power draw. Specs place its efficiency at around 15.76 J/TH.
7.Proto Rig — $18.28/day
Released September 2025, the Proto Rig, manufactured by Block, is the only air-cooled machine in the top 14. Specs list it at 819 TH/s with a 12,000-watt power draw.
8.Bitdeer Sealminer A4 Pro Hydro — $17.62/day
Scheduled for May 2026 release, the A4 Pro Hydro is listed at 680 TH/s with a 7,412-watt draw. Specs indicate an efficiency of around 10.9 J/TH.
9.Bitdeer Sealminer A3 Pro Hydro — $16.09/day
Released last September, the Bitdeer-manufactured A3 Pro Hydro is rated at 660 TH/s at 8,250 watts with a listed efficiency of 12.5 J/TH.
10.MicroBT Whatsminer M7DS — $15.91/day
Released in March 2026, the M7DS is listed at 680 TH/s with a 9,200-watt draw and a rated efficiency of around 13.5 J/TH.
$BTC #Bitcoinmining
1.Bitmain Antminer S23 Hydro 3U — $31.62/day
Released January 2026, the S23 Hydro 3U is listed at 1.16 PH/s with a rated power draw of 11,020 watts. Specs indicate an efficiency of approximately 9.5 joules per terahash (J/TH)
2.MicroBT Whatsminer M79S — $29.91/day
Released December 2025, the M79S is rated at 1.35 PH/s with a power draw of 20,000 watts. Specs place its efficiency at roughly 14.81 J/TH.
3.Bitdeer Sealminer A4 Ultra Hydro — $24.20/day
Scheduled for release in May 2026, the A4 Ultra Hydro is listed at 886 TH/s with a rated power draw of 8,372 watts. While it’s not out yet, specs indicate an efficiency of 9.45 J/TH.
4.Bitmain Antminer S23e Hydro 2U — $23.17/day
Released in April 2026, Bitmain lists this machine at 865 TH/s with an 8,650-watt power draw and a rated efficiency of 10 J/TH.
5.Bitmain Antminer S21e XP Hydro 3U — $20.56/day
Released January 2025, this specific machine is rated at 860 TH/s at 11,180 watts. It is among the older units still appearing in the top
profitability rankings as of April 2026.
6.MicroBT Whatsminer M79 — $19.55/day
Released January 2026, MicroBT‘s M79 hashrate output is rated at 920 TH/s with a 14,500-watt power draw. Specs place its efficiency at around 15.76 J/TH.
7.Proto Rig — $18.28/day
Released September 2025, the Proto Rig, manufactured by Block, is the only air-cooled machine in the top 14. Specs list it at 819 TH/s with a 12,000-watt power draw.
8.Bitdeer Sealminer A4 Pro Hydro — $17.62/day
Scheduled for May 2026 release, the A4 Pro Hydro is listed at 680 TH/s with a 7,412-watt draw. Specs indicate an efficiency of around 10.9 J/TH.
9.Bitdeer Sealminer A3 Pro Hydro — $16.09/day
Released last September, the Bitdeer-manufactured A3 Pro Hydro is rated at 660 TH/s at 8,250 watts with a listed efficiency of 12.5 J/TH.
10.MicroBT Whatsminer M7DS — $15.91/day
Released in March 2026, the M7DS is listed at 680 TH/s with a 9,200-watt draw and a rated efficiency of around 13.5 J/TH.
$BTC #Bitcoinmining
the U.S. Department of Justice (DOJ) arrested Gannon Ken Van Dyke, a U.S. soldier who was directly involved in the capture operation of Venezuela’s Nicolas Maduro and his wife,for allegedly taking advantage of his knowledge to profit from using these prediction markets.
According to the department, the commando placed over $33,000 in
Polymarket bets hours before the operation that removed Maduro from Venezuela was executed.
The move netted over $400,000 in #profits for Van Dyke, who withdrew his proceeds and tried to delete his account from
the platform.
U.S. Attorney Jay Clayton for the Southern District of New York said that Van Dyke “allegedly violated the trust placed in him by the United States Government by using classified information about a sensitive military operation to place bets on the timing and outcome of that very operation, all to turn a profit.”
Van Dyke faces up to 60 years in prison, as he has been charged with three counts of violating the Commodity Exchange Act, one count of wire fraud, and another count of unlawful monetary transactions.
On social media, Polymarket acknowledged they had identified the user and referred the matter to the DOJ, cooperating with the investigation. “Insider trading has no place on Polymarket. Today’s arrest is proof the system works,” it claimed.
The case might become one of the first high-profile prosecutions for insider trading on prediction markets like Polymarket, which have made renewed efforts to curb these behaviors. Even so, due to its decentralized origin, the platform allows users to place bets without providing any know-your-customer (KYC) information.
According to the department, the commando placed over $33,000 in
Polymarket bets hours before the operation that removed Maduro from Venezuela was executed.
The move netted over $400,000 in #profits for Van Dyke, who withdrew his proceeds and tried to delete his account from
the platform.
U.S. Attorney Jay Clayton for the Southern District of New York said that Van Dyke “allegedly violated the trust placed in him by the United States Government by using classified information about a sensitive military operation to place bets on the timing and outcome of that very operation, all to turn a profit.”
Van Dyke faces up to 60 years in prison, as he has been charged with three counts of violating the Commodity Exchange Act, one count of wire fraud, and another count of unlawful monetary transactions.
On social media, Polymarket acknowledged they had identified the user and referred the matter to the DOJ, cooperating with the investigation. “Insider trading has no place on Polymarket. Today’s arrest is proof the system works,” it claimed.
The case might become one of the first high-profile prosecutions for insider trading on prediction markets like Polymarket, which have made renewed efforts to curb these behaviors. Even so, due to its decentralized origin, the platform allows users to place bets without providing any know-your-customer (KYC) information.
Bitcoin exchange-traded funds (ETFs) added $335.8 million, led by Blackrock IBIT, extending a 7-day inflow streak.
Ether ETFs gained $96.4 million for a 10th day of straight inflows, showing strong and consistent institutional demand.
XRP ETFs brought in $2.42 million while solana saw zero flows, signaling selective momentum still persists.
Momentum is no longer tentative, It is compounding, What began as a recovery has now evolved into a sustained trend, marked by consistency across major assets.
In smaller segments, activity was more measured. #xrp ETFs recorded a modest $2.42 million inflow, driven primarily by Bitwise’s product. Trading volume came in at $11.07 million, with net assets reaching $1.09 billion.
#solana ETFs, however, saw no trading activity during the session. Net assets held steady at $887.92 million, reflecting a pause after recent inflow days.
The broader pattern is now clear. Bitcoin continues to attract large-scale institutional flows, Ether is building a steady and consistent inflow streak, and smaller assets are seeing selective participation. The recovery is now full in flow.
$ETH
Ether ETFs gained $96.4 million for a 10th day of straight inflows, showing strong and consistent institutional demand.
XRP ETFs brought in $2.42 million while solana saw zero flows, signaling selective momentum still persists.
Momentum is no longer tentative, It is compounding, What began as a recovery has now evolved into a sustained trend, marked by consistency across major assets.
In smaller segments, activity was more measured. #xrp ETFs recorded a modest $2.42 million inflow, driven primarily by Bitwise’s product. Trading volume came in at $11.07 million, with net assets reaching $1.09 billion.
#solana ETFs, however, saw no trading activity during the session. Net assets held steady at $887.92 million, reflecting a pause after recent inflow days.
The broader pattern is now clear. Bitcoin continues to attract large-scale institutional flows, Ether is building a steady and consistent inflow streak, and smaller assets are seeing selective participation. The recovery is now full in flow.
$ETH
Bitcoin’s momentum stalled on Thursday as the asset retreated from a peak of
$79,500 to consolidate around $78,000. This 1.2% dip marked the cryptocurrency’s first 24-hour loss in several days, resulting in a $10 billion decline in total market capitalization.
Market volatility triggered $218 million in liquidations, hurting overleveraged bitcoin long traders.
Market sentiment remains tethered to the escalating “economic warfare” in the Middle East. With direct military engagement temporarily paused, the conflict has pivoted toward maritime control in the Strait of Hormuz, where commercial vessels have been stranded for more than a month.
Still, despite the maritime tension, global equity markets remained largely unfazed. South Korea’s Kospi and France’s CAC 40 posted modest gains, while most other major indices were flat.
Bitcoin’s $1,000 intraday swing sent ripples through the derivatives market, though the carnage was milder than the previous session. The price dip triggered the liquidation of $35 million in long positions and approximately $23 million in shorts — a significant cooling off compared to the $207 million flushed out on Wednesday.
Across the broader crypto economy, total liquidations reached $218 million, with overleveraged long traders bearing the brunt of the volatility and accounting for $147 million of the total losses.
$BTC #BTC
$79,500 to consolidate around $78,000. This 1.2% dip marked the cryptocurrency’s first 24-hour loss in several days, resulting in a $10 billion decline in total market capitalization.
Market volatility triggered $218 million in liquidations, hurting overleveraged bitcoin long traders.
Market sentiment remains tethered to the escalating “economic warfare” in the Middle East. With direct military engagement temporarily paused, the conflict has pivoted toward maritime control in the Strait of Hormuz, where commercial vessels have been stranded for more than a month.
Still, despite the maritime tension, global equity markets remained largely unfazed. South Korea’s Kospi and France’s CAC 40 posted modest gains, while most other major indices were flat.
Bitcoin’s $1,000 intraday swing sent ripples through the derivatives market, though the carnage was milder than the previous session. The price dip triggered the liquidation of $35 million in long positions and approximately $23 million in shorts — a significant cooling off compared to the $207 million flushed out on Wednesday.
Across the broader crypto economy, total liquidations reached $218 million, with overleveraged long traders bearing the brunt of the volatility and accounting for $147 million of the total losses.
$BTC #BTC
GraniteShares Postpones Launch of 3x XRP ETFs to May 7, SEC Rule 485 Applies
GraniteShares has announced a revised launch date of May 7, 2026, for its 3x Long and 3x Short #xrp Exchange-Traded Funds (ETFs), following an amendment to its SEC filing.
The products, which utilize derivatives such as swaps and futures to achieve leveraged exposure, are structured for short-term trading strategies.
The delay reflects the ongoing regulatory review process and the need to ensure compliance with evolving market standards.
Despite the postponement, recent trends indicate growing institutional interest in XRP-related investment vehicles.
This increased capital inflow may contribute to greater market liquidity and potentially influence XRP's price trajectory in the near term. The launch of leveraged ETFs could further enhance the asset's appeal to active traders and institutional investors seeking amplified exposure to XRP's price movements.
As the May 7, 2026, launch date approaches, market participants will be closely monitoring developments in both regulatory and market conditions.
$XRP
GraniteShares has announced a revised launch date of May 7, 2026, for its 3x Long and 3x Short #xrp Exchange-Traded Funds (ETFs), following an amendment to its SEC filing.
The products, which utilize derivatives such as swaps and futures to achieve leveraged exposure, are structured for short-term trading strategies.
The delay reflects the ongoing regulatory review process and the need to ensure compliance with evolving market standards.
Despite the postponement, recent trends indicate growing institutional interest in XRP-related investment vehicles.
This increased capital inflow may contribute to greater market liquidity and potentially influence XRP's price trajectory in the near term. The launch of leveraged ETFs could further enhance the asset's appeal to active traders and institutional investors seeking amplified exposure to XRP's price movements.
As the May 7, 2026, launch date approaches, market participants will be closely monitoring developments in both regulatory and market conditions.
$XRP
Trump Says No Ship Moves Without US Navy Approval
Trump posted the statement on Thursday on Truth Social, writing:
"Iran is having a very hard time figuring out who their leader is! They just don’t know! The infighting is between the ‘Hardliners,’ who have been losing BADLY on the battlefield, and the ‘Moderates,’ who are not very moderate at all (but gaining respect!), is CRAZY! We have total control over the Strait of Hormuz. No ship can enter or leave without the approval of the United States Navy. It is ‘Sealed up Tight,’ until such time as Iran is able to make a DEAL!!! Thank you for your attention to this matter. President DONALD J. TRUMP"
Brent crude prices spiked on April 23 as the U.S. blockade, disrupts roughly 20% of global oil trade.
President #TRUMP declared on April 23, 2026, that the U.S. Navy has sealed the Strait of Hormuz pending an Iran deal.
U.S. forces reportedly seized another Iranian-linked oil tanker connected to smuggling operations. Trump separately ordered the Navy to shoot without hesitation at any small boats laying mines in the Strait, and announced that mine-sweeping efforts had been tripled.
Trump posted the statement on Thursday on Truth Social, writing:
"Iran is having a very hard time figuring out who their leader is! They just don’t know! The infighting is between the ‘Hardliners,’ who have been losing BADLY on the battlefield, and the ‘Moderates,’ who are not very moderate at all (but gaining respect!), is CRAZY! We have total control over the Strait of Hormuz. No ship can enter or leave without the approval of the United States Navy. It is ‘Sealed up Tight,’ until such time as Iran is able to make a DEAL!!! Thank you for your attention to this matter. President DONALD J. TRUMP"
Brent crude prices spiked on April 23 as the U.S. blockade, disrupts roughly 20% of global oil trade.
President #TRUMP declared on April 23, 2026, that the U.S. Navy has sealed the Strait of Hormuz pending an Iran deal.
U.S. forces reportedly seized another Iranian-linked oil tanker connected to smuggling operations. Trump separately ordered the Navy to shoot without hesitation at any small boats laying mines in the Strait, and announced that mine-sweeping efforts had been tripled.
South Korea BOK Governor Prioritizes Digital Won #CBDC in First Policy Speech
Bank of Korea (BOK) Governor Shin Hyun-song, sworn in on April 21, 2026, made CBDC and deposit tokens the centerpiece of his inaugural address.
The BOK’s position, as Shin framed it, centers on a two-tier model. The central bank issues a wholesale or hybrid CBDC. Commercial banks issue deposit tokens that are fully convertible and designed for everyday payments and settlements. Neither layer leaves room for a privately issued alternative at the top of the stack.
Shin pointed directly to Phase 2 of Project Hangang, the BOK’s flagship digital won pilot, as the mechanism to “increase the usability of CBDC and deposit tokens.” Phase 2 launched in March 2026 and has since expanded to nine major commercial banks.
Bank of Korea (BOK) Governor Shin Hyun-song, sworn in on April 21, 2026, made CBDC and deposit tokens the centerpiece of his inaugural address.
The BOK’s position, as Shin framed it, centers on a two-tier model. The central bank issues a wholesale or hybrid CBDC. Commercial banks issue deposit tokens that are fully convertible and designed for everyday payments and settlements. Neither layer leaves room for a privately issued alternative at the top of the stack.
Shin pointed directly to Phase 2 of Project Hangang, the BOK’s flagship digital won pilot, as the mechanism to “increase the usability of CBDC and deposit tokens.” Phase 2 launched in March 2026 and has since expanded to nine major commercial banks.
1 Million Bitcoin by Late 2026
Strategy Inc. added 34,164 bitcoin to its treasury this week, bringing its total holdings to 815,061 BTC, putting a million bitcoins within reach before year’s end.
The 34,164 #BTC☀️ cost roughly $2.54 billion, with an average price of $74,395 per coin.
Executive chairman Michael Saylor remarked that the latest acquisition pushed the firm’s year-to-date bitcoin yield to 9.5%.
The buying is being driven largely by Strategy’s STRC preferred stock program, known as “Stretch.” The instrument pays an 11.5% monthly dividend yield to holders, allowing the company to raise capital without selling existing bitcoin. That capital goes directly into new purchases. Since January 2025, the firm has made 57 separate acquisitions totaling 367,593 BTC over sixteen months
The scale of Strategy‘s buying is pulling far ahead of the U.S. spot bitcoin exchange-traded fund (ETF) market.
the STRC program alone has purchased roughly 77,000 BTC so far in 2026. All U.S. spot bitcoin ETFs combined have seen net inflows of 8,000 BTC over the same period.
Strategy currently holds #bitcoin valued at approximately $58.7 billion and carries a net leverage
ratio of around 10%. The latest purchase was funded through
at-the-market (ATM) programs tied to both STRC shares and Class A common
stock.
With 815,061 BTC on hand, the company needs another 184,939 coins to reach one million. At its historical rate of around 774 BTC per day (over the last 57 purchases), math puts the milestone around Dec. 15, 2026.
$BTC
Strategy Inc. added 34,164 bitcoin to its treasury this week, bringing its total holdings to 815,061 BTC, putting a million bitcoins within reach before year’s end.
The 34,164 #BTC☀️ cost roughly $2.54 billion, with an average price of $74,395 per coin.
Executive chairman Michael Saylor remarked that the latest acquisition pushed the firm’s year-to-date bitcoin yield to 9.5%.
The buying is being driven largely by Strategy’s STRC preferred stock program, known as “Stretch.” The instrument pays an 11.5% monthly dividend yield to holders, allowing the company to raise capital without selling existing bitcoin. That capital goes directly into new purchases. Since January 2025, the firm has made 57 separate acquisitions totaling 367,593 BTC over sixteen months
The scale of Strategy‘s buying is pulling far ahead of the U.S. spot bitcoin exchange-traded fund (ETF) market.
the STRC program alone has purchased roughly 77,000 BTC so far in 2026. All U.S. spot bitcoin ETFs combined have seen net inflows of 8,000 BTC over the same period.
Strategy currently holds #bitcoin valued at approximately $58.7 billion and carries a net leverage
ratio of around 10%. The latest purchase was funded through
at-the-market (ATM) programs tied to both STRC shares and Class A common
stock.
With 815,061 BTC on hand, the company needs another 184,939 coins to reach one million. At its historical rate of around 774 BTC per day (over the last 57 purchases), math puts the milestone around Dec. 15, 2026.
$BTC
Circle, OSL Expand #USDC✅ Access as Asia Cross-Border Demand Grows
OSL Group and Circle are expanding USDC use across trading, payments, and settlement in Asia.
According to the announcement, OSL Global allows clients to convert USD
and USDC on a 1:1 basis and offers a dedicated USDC trading zone with
pairs against BTC, ETH, SOL, USD, and USDT.
The integration also enables stablecoin-based settlement and payment
flows within the platform. OSL Group Chief Commercial Officer Eugene
Cheung stated:
“This partnership with Circle underscores OSL Group’s commitment to building a vibrant stablecoin ecosystem, and aligns with our endeavour to build the next generation of financial market infrastructure connecting stablecoins, fiat currencies and other digital assets to enable the seamless exchange of value.”
Outside this partnership, USDC has expanded its reach through collaborations spanning financial institutions and payment networks. The stablecoin is supported by reserves held within regulated U.S. entities, with Blackrock overseeing the Circle Reserve Fund and BNY Mellon handling custody functions. Integrations with Visa and Mastercard place USDC within global payment rails, while agreements with Mercado Pago and Grab extended its reach to users across Latin America and Southeast Asia for everyday financial use.
Circle Chief Business Officer Kash Razzaghi added:
“As digital asset markets mature, institutions are looking for trusted, transparent infrastructure to move value globally and in real time. By working with OSL to expand access to USDC across trading and payments, we’re reinforcing a foundation for digital dollar liquidity in Hong Kong and beyond.”
$USDC
OSL Group and Circle are expanding USDC use across trading, payments, and settlement in Asia.
According to the announcement, OSL Global allows clients to convert USD
and USDC on a 1:1 basis and offers a dedicated USDC trading zone with
pairs against BTC, ETH, SOL, USD, and USDT.
The integration also enables stablecoin-based settlement and payment
flows within the platform. OSL Group Chief Commercial Officer Eugene
Cheung stated:
“This partnership with Circle underscores OSL Group’s commitment to building a vibrant stablecoin ecosystem, and aligns with our endeavour to build the next generation of financial market infrastructure connecting stablecoins, fiat currencies and other digital assets to enable the seamless exchange of value.”
Outside this partnership, USDC has expanded its reach through collaborations spanning financial institutions and payment networks. The stablecoin is supported by reserves held within regulated U.S. entities, with Blackrock overseeing the Circle Reserve Fund and BNY Mellon handling custody functions. Integrations with Visa and Mastercard place USDC within global payment rails, while agreements with Mercado Pago and Grab extended its reach to users across Latin America and Southeast Asia for everyday financial use.
Circle Chief Business Officer Kash Razzaghi added:
“As digital asset markets mature, institutions are looking for trusted, transparent infrastructure to move value globally and in real time. By working with OSL to expand access to USDC across trading and payments, we’re reinforcing a foundation for digital dollar liquidity in Hong Kong and beyond.”
$USDC
FCA Raids 8 Sites in First UK Crackdown on Illegal #P2P Crypto Trading
The U.K.’s Financial Conduct Authority targeted eight premises suspected of running illegal peer-to-peer crypto trading operations on Wednesday, marking the agency’s first coordinated enforcement action of this kind.
The FCA conducted the inspections alongside HM Revenue and Customs and the South West Regional Organised Crime Unit. At each site, agents issued cease and desist letters ordering traders to halt operations immediately, issuing cease and desist letters in the UK’s first P2P crypto crackdown.
SWROCU’s DI Ross Flay cited money laundering risk, with evidence from the raids supporting multiple criminal investigations.
Steve Smart, executive director of enforcement and market oversight at the FCA, said unregistered peer-to-peer traders are operating illegally and creating financial crime risks. “We will use our powers and work with partners to disrupt them,” Smart stated.
Detective Inspector Ross Flay of SWROCU pointed to money laundering as a central concern. Flay said the goal is to stop illegal traders from giving criminals a route to move, hide, and spend illicit funds.
The action was taken under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
The FCA has not named the individuals or businesses targeted in Tuesday’s sweep. Investigators have not said when charges, if any, will be filed. For U.S. consumers and investors watching cross-border regulatory trends, the FCA’s move signals that peer-to-peer crypto trading outside licensed platforms is drawing direct law enforcement attention in major markets.
#P2PTrading $USDT
The U.K.’s Financial Conduct Authority targeted eight premises suspected of running illegal peer-to-peer crypto trading operations on Wednesday, marking the agency’s first coordinated enforcement action of this kind.
The FCA conducted the inspections alongside HM Revenue and Customs and the South West Regional Organised Crime Unit. At each site, agents issued cease and desist letters ordering traders to halt operations immediately, issuing cease and desist letters in the UK’s first P2P crypto crackdown.
SWROCU’s DI Ross Flay cited money laundering risk, with evidence from the raids supporting multiple criminal investigations.
Steve Smart, executive director of enforcement and market oversight at the FCA, said unregistered peer-to-peer traders are operating illegally and creating financial crime risks. “We will use our powers and work with partners to disrupt them,” Smart stated.
Detective Inspector Ross Flay of SWROCU pointed to money laundering as a central concern. Flay said the goal is to stop illegal traders from giving criminals a route to move, hide, and spend illicit funds.
The action was taken under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017.
The FCA has not named the individuals or businesses targeted in Tuesday’s sweep. Investigators have not said when charges, if any, will be filed. For U.S. consumers and investors watching cross-border regulatory trends, the FCA’s move signals that peer-to-peer crypto trading outside licensed platforms is drawing direct law enforcement attention in major markets.
#P2PTrading $USDT
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