Author: MNK News

The White House’s crypto and AI czar, David Sacks, has stepped down from his role, citing the expiration of his legal service limit and signaling frustration with stalled crypto legislation.Sacks served as a “special government employee,” a designation that caps federal service at roughly 130 days per year. That limit has now been reached, making his departure procedural rather than abrupt.However, his exit comes at a sensitive moment. The CLARITY Act remains stuck in the Senate, with no confirmed timeline for advancement.Ongoing disputes—particularly around stablecoin yield restrictions—continue to divide lawmakers, banks, and crypto firms.In his latest interview with Bloomberg, Sacks…

A federal judge has temporarily halted the Pentagon’s classification of AI company Anthropic as a supply chain risk, delivering an early legal win for the company in its battle against the Department of War. Axios reports that U.S. District Judge Rita Lin granted a preliminary injunction on Thursday that pauses the Pentagon’s designation of Anthropic as a supply chain risk. The decision provides temporary relief to the AI company, which has argued that the classification was causing immediate and irreparable damage to its business operations and reputation. Anthropic had sought the injunction on grounds that the designation was prompting business partners…

WASHINGTON (AP) — Democratic Rep. Sheila Cherfilus-McCormick of Florida committed numerous violations of House rules and ethics standards, the House Ethics Committee found Friday in a ruling that could add weight to Republicans’ push to expel her from Congress.After meeting into early Friday morning following a seven-hour hearing, the ethics panel of four Democrats and four Republicans found that Cherfilus-McCormick had committed 25 ethics violations. The panel said it would recommend a punishment in the coming weeks. The allegations center around Cherfilus-McCormick’s receipt of millions of dollars from her family’s health care business after Florida made an overpayment of roughly…

Blockchain analytics firm Chainalysis puts the number at close to $20 billion — the estimated volume of dirty money that flowed through Xinbi, a Chinese-language crypto marketplace, between 2021 and 2025. Now the UK government wants to shut it down. Related Reading Scam Hubs At The Center Of It All Britain’s Foreign, Commonwealth & Development Office announced Thursday that it has imposed sweeping sanctions on Xinbi, a platform accused of providing crypto-based services, scam tools, and other criminal resources to bad actors across Southeast Asia. The move freezes any UK-linked assets tied to the platform and bans British banks, crypto…

It was only last August that Sony raised PS5 console prices in the US, blaming a “challenging economic environment” at the time. Today it has slightly tweaked the phrasing to “continued pressures in the global economic landscape,” but the outcome is the same: price rises across the board, this time even affecting the PS Portal handheld.Starting April 2, the price of the standard PS5 (that’s the one with the disc drive) is going up to $650. That’s a whopping $100 hike, or $150 if you go back to before the August price increases. The Digital Edition is getting the same…

XRP holders have spent years waiting for the kind of breakout that turns patience into confidence. But a recent message from XRP analyst Bird cuts through the usual price talk with a more uncomfortable point: tokens do not go on a price rally by themselves. Holders who do not understand this may be waiting for a rally driver that they themselves are failing to build. The Lesson Every XRP Holder Must Understand Blockchain history does not leave much room for debate on the point of price appreciation. The chains that generated the most price appreciation in the past few years,…

NASA entered final preparations Friday for the launch Artemis II, its first astronaut mission to the moon since 1972. Liftoff is set for no earlier than April 1. NBC News reports the half-century journey to this point, where four astronauts set out on a 10-day voyage around the moon, has been long, winding and bumpy, not to mention inordinately expensive. “This rocket was originally supposed to launch in 2016 and cost $5 billion,” said Casey Dreier, chief of space policy for The Planetary Society, a nonprofit organization that conducts research and advocacy to promote space exploration. “It costs something like…

It turns out people don’t actually love having Copilot shoved into their faces. This week, Devindra and PCWorld Senior Editor Mark Hachman discuss Microsoft’s surprising plan to “fix” Windows 11 by refocusing on customization and core features, instead of bringing Copilot AI into tons of apps. Is there any enthusiasm left for Windows? Or will most people be better off considering macOS or Linux?Subscribe!TopicMicrosoft hits the reset button on Windows 11, de-emphasizing Copilot AI – 1:03OpenAI pulls the plug on its Sora video generation app after just 5 months – 25:23Meta’s terrible week in court, part 1: $375 million ruling…

JPMorgan says the Iran war has produced an unusual market split: bitcoin is showing signs of safe-haven demand while gold and silver, the traditional geopolitical hedges, have weakened under the pressure of outflows, profit-taking and deteriorating liquidity. In a report dated March 26, Nikolaos Panigirtzoglou and his team said bitcoin has held up better than precious metals since the conflict escalated. Gold is down about 15% this month, according to the bank, while gold ETFs recorded nearly $11 billion in outflows in the first three weeks of March. Silver has also come under pressure, with JPMorgan saying ETF inflows built…

JPMorgan says the Iran war has produced an unusual market split: bitcoin is showing signs of safe-haven demand while gold and silver, the traditional geopolitical hedges, have weakened under the pressure of outflows, profit-taking and deteriorating liquidity. In a report dated March 26, Nikolaos Panigirtzoglou and his team said bitcoin has held up better than precious metals since the conflict escalated. Gold is down about 15% this month, according to the bank, while gold ETFs recorded nearly $11 billion in outflows in the first three weeks of March. Silver has also come under pressure, with JPMorgan saying ETF inflows built…