Ahead of a key U.S. Senate vote, Democratic members of the Senate Banking Committee released a critical staff analysis of the latest GENIUS Act draft, according to Crypto in America host Eleanor Terre...

Ahead of a key U.S. Senate vote, Democratic members of the Senate Banking Committee released a critical staff analysis of the latest GENIUS Act draft, according to Crypto in America host Eleanor Terrett on X. The review warns that the bill could enable potential crypto-related corruption involving Donald Trump, allow Elon Musk’s X to launch “X Money” and expand loopholes tied to Tether that may benefit illicit actors. The report also highlights a lack of consumer protections and financial safeguards.

The GENIUS Act is designed to regulate stablecoin issuers through licensing, full reserve requirements, and mandatory disclosures, and is seen as a possible foundation for U.S. stablecoin regulation.

U.S. Senate democrats slam GENIUS Act draft over Trump, Musk and Tether loopholes

Plasma is a blockchain that only supports stablecoins, redefining payment infrastructure with zero transaction fees, Bitcoin-level security, and a vision oriented towards mainstream finance. Kairos Research is an investor in Plasma. The information provided by Kairos Research, including but not limited to research, analysis, data, or other content, is for reference only and does not constitute investment advice, financial advice, trading advice, or any other form of advice. Kairos Research does not recommend buying, selling, or holding any...

Plasma, Tether's Trillion-Dollar Stablecoin Ambition

U.S. inflation data for May showed more moderate-than-expected signs, bringing positive signals to risk assets. Specifically, the year-on-year Consumer Price Index (CPI) without seasonal adjustment was 2.4%, lower than the market's general expectation of 2.5%; the month-on-month rate was also only 0.1%, similarly lower than the expected 0.2%.

Core inflation data (excluding volatile food and energy prices) also showed a similar slowing trend: the year-on-year rate was 2.8%, lower than the expected 2.9%; while the seasonally adjusted core CPI month-on-month rate was only 0.1%, significantly lower than the market's expectation of 0.3%.

After the report was released, ...

The positive US CPI cannot hide the whale' shipments? Bitcoin fell back under pressure after rising

As the market gradually recovers and interest rate cut expectations approach, more and more AI projects have been making moves recently.

Written by: <深潮> TechFlow

This week, the Virtuals ecosystem has once again reached a climax, triggered by a project called I.R.I.S, which is about to launch on the Virtuals platform. With the market gradually recovering and interest rate cut expectations approaching, more and more AI projects have been taking action recently.

This article will review recent popular or upcoming Token Generation Event (TGE) AI projects.

1、I.R.I.S - Virtuals ...