Author: MNK News

Epic Games, the developer and publisher behind the massively popular video game Fortnite, is cutting 1,000 jobs as the company grapples with declining player engagement and financial pressures. Epic Games CEO Tim Sweeney says the layoffs are “unrelated to AI.” IGN reports that video game publisher Epic Games announced the workforce reduction of 1,000 employees in an internal memo from CEO Tim Sweeney, who cited a downturn in engagement with Fortnite that began in 2025. The layoffs will be accompanied by over $500 million in cost savings through reductions in contracting and marketing expenses, as well as closing some open positions.…

WASHINGTON (AP) — Vice President JD Vance on Friday held the inaugural meeting of a new anti-fraud task force he’s leading as the Trump administration seeks to show it’s cracking down on potential misuse of social programs.Vance, speaking Friday before the task force held a closed-door meeting, said that the federal government for decades had not taken the issue of fraud seriously and that it needed to be tackled with “a whole-government approach.”“This is not just the theft of the American people’s money,” Vance said. “It is also the theft of critical services that the American people rely on.”President Donald…

Crypto pundit X Finance Bull has explained how XRP is positioned to absorb a share of the $100 trillion in assets that the Depository Trust and Clearing Corporation (DTCC) has in custody. He notably mentioned Ripple and the role the crypto firm is playing in making this possible for XRP.  How XRP Is Positioned To Take A Share of DTCC’s $100 Trillion Assets In an X post, X Finance Bull noted that in 2025, DTCC filed patents that named Ripple and the XRP Ledger as compatible infrastructure for tokenized finance. Following that, Ripple acquired Hidden Road, a prime brokerage that…

Key PointsSolana’s speed makes it a top platform for developers.Its expanding ecosystem and staking ETFs could draw in more investors.Bitcoin (CRYPTO: BTC), the world’s most valuable cryptocurrency, has lost nearly 50% of its value since reaching its all-time high of over $126,000 last October. That pullback was caused by elevated interest rates, which drove investors toward more conservative investments, leveraged liquidations, and a lack of new near-term catalysts.Bitcoin could still have a bright future, but it might be smarter to accumulate some smaller altcoins with more upside potential as the bulls look the other way. One of those altcoins is…

Anxiety, more so than technological rigor, sits at the heart of The AI Doc: Or How I Became an Apocaloptimist. Director Daniel Roher is anxious about the future he’s bringing a child into — will it be an AI-driven utopia? Or does it spell certain doom, something explored in countless sci-fi stories. To figure it all out, he interviewed some of the most well known AI proponents and critics, including The Empire of AI author Karen Hao, AI researcher Emily Bender and Anthropic CEO Dario Amodei.The AI Doc, which hits theaters this weekend, doesn’t really shed new light. For that,…

In the first edition of a quarterly Investment Outlook column, Jamie Weeks breaks down which wellness concepts are getting investment and why, including the rise of Pilates and the emerging fields of brain health and unplugging Jamie Weeks, the founder and managing partner of Founders Row, had a nearly twenty-year career on Wall Street before becoming one of the biggest franchisees in the Orangetheory Fitness system and founding SweatHouz, a nationwide operator of contrast-therapy studios Before I became an operator, I spent nearly twenty years on Wall Street, at UBS, Barclays, and Morgan Stanley, advising family offices and high-net-worth clients.…

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…