Metaplex, a Solana-based NFT platform, is under scrutiny for transferring unclaimed SOL funds from NFT minters to its DAO treasury without adequate notice, raising concerns about transparency and user rights
Circle has introduced a new stablecoin payment network designed to facilitate seamless integration between stablecoins and traditional financial institutions, aiming to enhance the utility and adoption of digital currencies.
The Trump administration has announced over 275,000 federal civil service layoffs, aiming to reduce government expenditures and regulatory functions. Agencies affected include the Environmental Protection Agency and the Federal Aviation Administration, prompting protests and legal challenges.
President Donald Trump escalated his attacks on Federal Reserve Chair Jerome Powell, urging immediate interest rate cuts to prevent an economic slowdown. Trump's remarks led to a 1,000-point drop in the Dow Jones and a near 3% decline in the S&P 500. The administration is reportedly considering Powell's removal, raising concerns about the Fed's independence.
Klaus Schwab, founder of the World Economic Forum (WEF), has resigned as Chair and Board Trustee after more than five decades. Schwab, who established the WEF in 1971, transformed the annual Davos meeting into a significant global event. His departure comes amid criticisms of the forum's elitism and internal culture.