Author: MNK News
Institutional confidence in Solana (SOL) remains strong, making it one of the stable altcoins in the market. Treasury wallets now hold over 20.9 million SOL, roughly 3.64% of the total supply, indicating that large investors are increasingly viewing SOL alongside Bitcoin and Ethereum as part of diversified crypto portfolios. Related Reading Companies like Forward Industries and Brera Holdings have disclosed their asset exposure, while ARK has added Solana-related equities and continues to emphasize the network’s expansion. Meanwhile, speculation about a potential Solana staking ETF has gained momentum; if approved, it could reduce circulating supply and provide yield access, potentially attracting…
ASTANA – A new Alem Crypto Fund has started operating in Kazakhstan for long-term investment in digital assets and building strategic reserves. It was established by the Ministry of Artificial Intelligence and Digital Development, managed by Qazaqstan Venture Group, and registered within the Astana International Financial Centre (AIFC). Photo credit:gov.kz The fund’s primary objective is to make long-term investments in digital assets and build strategic reserves. In the future, it may also serve as a vehicle for state-level savings. According to Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev, the creation of the Alem Crypto…
President Donald Trump has signed settlement papers that will require YouTube to pay $24.5 million to resolve a lawsuit after the company suspended the president’s account in January 2021 following the riot outside of the U.S. Capitol building. The Washington Post reported that the Google-owned website was directed to put $22 million out of the settlement money towards helping to “construct the new White House ballroom,” while the remaining amount “will go to a handful of other plaintiffs who accused YouTube of censoring them.” Per the outlet, “the settlement underscores how much social platforms have changed their approach to moderation…
WASHINGTON (AP) — A federal judge agreed Monday to temporarily suspend the Trump administration’s plan to eliminate hundreds of jobs at the agency that oversees Voice of America, the government-funded broadcaster founded to counter Nazi propaganda during World War II.U.S. District Judge Royce Lamberth in Washington, D.C., ruled that the U.S. Agency for Global Media cannot implement a reduction in force eliminating 532 jobs for full-time government employees on Tuesday. Those employees represent the vast majority of its remaining staff.Kari Lake, the agency’s acting CEO, announced in late August that the job cuts would take effect Tuesday. But the judge’s…
Ripple’s XRP might be trending towards a short squeeze as new analysis suggested its available trading supply could shrink to levels comparable to Bitcoin’s 21 million cap. XRP commentator Chad Steingraber, in a post on social media platform X, argued that the amount of the altcoin actually available for retail trading is going to be a fraction of its total supply. His comments came in response to discussions about the role of institutional and network-led lockups, with projects such as Axelar and Flare Networks working to secure billions of XRP tokens. XRP Might Be Gearing Up For Short Squeeze The…
Alphabet will pay President Donald Trump $22 million as part of a settlement in a class action lawsuit brought against the company over the suspension of various YouTube accounts following the January 6 riot at the US capital, as first reported by the Wall Street Journal. The suit includes other plaintiffs whose YouTube channels were banned that will split an additional $2.5 million in settlement payouts.Trump filed the suit in 2021, alongside lawsuits against Twitter and Facebook over similar suspensions, claiming they infringed on his first amendment rights. Twitter, now known as X since its acquisition and rebrand by Elon…
XRP has entered a pivotal phase as institutional adoption increases and regulatory clarity reshapes its market prospects. Related Reading The resolution of Ripple’s case with the U.S. Securities and Exchange Commission (SEC) in March 2025 cleared a long-standing obstacle, confirming that XRP is not a security in secondary transactions. This milestone has motivated major institutions to get involved. XRP ETF Launch and Institutional Catalysts Drive Rally The debut of the REX-Osprey XRP ETF (XRPR) marked a notable regulatory shift, with $37.7 million in first-day trading volume. BlackRock’s partnership with Ripple on its RLUSD stablecoin and Ripple’s application for Federal Reserve…
How Corporate Decisions Weakened America’s Economy For decades, American companies made a straightforward calculation: They would share their technology with Chinese partners in exchange for access to the world’s largest consumer market and its low-cost labor. General Motors, Intel, and thousands of other firms formed joint ventures that helped their Chinese partners learn advanced manufacturing techniques, chip design, and management practices. It boosted profits for many of the biggest firms. But a new National Bureau of Economic Research working paper suggests the calculation was a collective mistake—one that left American workers, smaller companies, and the economy as a whole worse…
The US Securities and Exchange Commission has temporarily halted trading of crypto treasury company QMMM Holdings due to potential stock manipulation, coming just a week after reports surfaced of a regulatory probe into certain crypto treasury firms. “The Commission temporarily suspended trading in the securities of QMMM because of potential manipulation,” the agency said in a notice on Monday, halting trading of QMMM stock for 10 trading days.It said the alleged manipulation was “effectuated through recommendations, made to investors by unknown persons via social media to purchase” QMMM shares, “which appear to be designed to artificially inflate the price and volume.”QMMM…
QUANTICO, Va. (AP) — The Army, Navy and Air Force, with encouragement from the Trump administration, all announced this summer that they had met their recruiting goals months ahead of schedule.That is a major shift from the past several years when the military has failed to meet its recruiting goals because of complications from the COVID-19 pandemic, tight job markets and a growing generation of young Americans struggling to meet fitness and academic standards. Defense Secretary Pete Hegseth claimed the turnaround as an early victory, arguing that recruits had been put off by what he called a weakened military under…