Senate Banking Committee chairman Tim Scott has labelled Jerome Powell's decision to stay on as a Federal Reserve governor after losing the chair a 'significant mistake', breaking a 75-year precedent and raising questions about how Kevin Warsh will run a board with his predecessor still in the room.
Tetra Trust has launched CADD, the first Canadian-dollar pegged stablecoin from a regulated Canadian financial institution, with backing from Shopify and the National Bank of Canada and a deployment that spans Base, Tempo and an upcoming Solana rollout.
The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.35% on Tuesday, the third hike of 2026, with Governor Michele Bullock blaming domestic capacity pressures and the Iran war for stubborn inflation as Westpac and other forecasters debate whether more is to come.
The Depository Trust and Clearing Corporation, which processes $114 trillion in transactions a year, is targeting a July pilot and October launch for a tokenized securities platform built on the Canton blockchain network backed by major Wall Street firms.
Major US banking groups have publicly criticised the stablecoin yield compromise they helped negotiate, but Senators Thom Tillis and Angela Alsobrooks say the deal is final, leaving the path to a Clarity Act vote unsettled with weeks left in the markup window.
Bitcoin punched above $80,000 on Monday for the first time in weeks as Jerome Powell prepares to chair his final FOMC meeting, but Coin Bureau hosts Guy and Nick warned the rally has been overshadowed by the political capture of crypto and a Clarity Act stuck in the Senate.
Coin Bureau's Guy says May 2026 is the most loaded macro window crypto has faced in years, with the Clarity Act dying in the Senate, Kevin Warsh's Fed confirmation, $373 billion of Buffett cash and the Iran war all hitting at once.
Elon Musk's $150 billion lawsuit against OpenAI has opened with claims that Sam Altman and Greg Brockman flipped a charity into a for-profit, with Brockman's own diary appearing to confirm the plan. The All-In Podcast hosts say the discovery has stunned them, even if Polymarket has barely budged.
All-In Podcast co-host Chamath Palihapitiya has reframed the AI capital crunch around grid power and transformer supply rather than compute itself, arguing the bottleneck will force Anthropic and OpenAI to surrender equity and control to Oracle, Microsoft, Amazon, Meta and Google.
All-In Podcast co-host David Sacks has offered a contrarian take on OpenAI's Wall Street Journal target miss, arguing that GPT 5.5 is winning the developer market while Anthropic's Opus 4.7 release is being rolled back, with Sam Altman vindicated on compute even as he missed on consumer.
BlackRock head of equity ETFs Jay Jacobs has gone on Fox Business to argue Bitcoin should be treated as a structural portfolio diversifier in small doses, comparing its drivers to gold and pointing to rising correlations between stocks and bonds as the real reason traditional 60/40 portfolios are no longer enough.
Altcoin Daily flagged $138 billion of US Treasury debt buybacks already executed in 2026, including roughly $50 billion in April alone, alongside Senator Cynthia Lummis confirming bipartisan and presidential backing for the Clarity Act and incoming Fed Chair Kevin Warsh signalling AI-driven disinflation could end the Fed's current rate-hold posture.