America’s Gerontocracy Goes Deeper than Aging Politicians

US Treasury Secretary Presses Senate To Pass Crypto Market Structure Legislation Authored by Micah Zimmerman via BitcoinMagazine.com, Treasury Secretary Scott Bessent told a Senate panel Wednesday that passing comprehensive crypto legislation is essential to securing U.S. financial leadership and protecting the dollar’s status as the world’s reserve currency, using an appearance before the Senate Appropriations Subcommittee on Financial Services and General Government to amplify a push for legislation that has stalled on Capitol Hill for months. Bessent testified at a hearing reviewing President Donald Trump’s Fiscal Year 2027 budget request for the Department of the Treasury. During the...

Vice President JD Vance said that the war against Iran has resulted in Gulf Arab states seeking deeper ties with Tehran.  “Because of the conversations they’re having with the Iranians. The Emiratis — by far the most hawkish, by far the most pro-Israel country in the [Gulf Cooperation Council] — they’re having conversations with the […]

SK Hynix Unleashes South Korea's Biggest-Ever 'Buyback Bazooka' To Halt Stock Rout Asian equities fell sharply overnight as the regional semiconductor rout intensified following another downdraft in US chipmakers on Tuesday (read morning wrap). Japan, South Korea, and Taiwan led the regional declines, while Chinese stocks also weakened despite the blockbuster IPO of humanoid robotics maker Unitree. Against that bearish backdrop, SK Hynix announced the largest share buyback in South Korean history, a highly aggressive attempt to arrest a six-week selloff that has erased roughly half of its market value. The...