Futures Slump, Ignoring Korean Euphoria, After Iran Rejects Trump Enriched Uranium Demands

Kraken Financial creates a 100% full-reserve warehouse model. But this poses a direct threat to the fractional-reserve system.

Russia, China Veto UN Res Authorizing Military Force To Reopen Hormuz Strait On Tuesday a UN Security Council resolution on opening the Strait of Hormuz failed due to Russia and China vetoing it. It was drafted by Bahrain and authorized countries to use military force if necessary to open the strait for the free flow of shipping and commerce. The resolution garnered 11 votes in favor, but permanent veto-wielding members China and Russia blocked it by registering no votes. This comes after days of pressure from Gulf countries to restore free passage...

Oklo, NVIDIA, And Los Alamos Working On Plutonium-Powered AI  Oklo announced an agreement with NVIDIA and Los Alamos National Laboratory (LANL) to advance critical nuclear infrastructure, AI-enabled research, and nuclear fuel R&D at Los Alamos.  The partnership aligns Oklo’s advanced reactor platform, NVIDIA’s AI infrastructure, and LANL’s deep expertise in materials science and nuclear fuels. Together, the trio aims to accelerate deployment of resilient, high-assurance energy while supporting the federal government’s Genesis Mission. Initial projects focus on physics- and chemistry-based AI models for fuel validation, materials science and fabrication R&D on plutonium-bearing...