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Combs' Shapiro: They never alleged sex trafficking of Jane until they found out she was alleging a circle incident of assault. That is telling. This theory of fraud is incredibly weak. The fight at Jane's house in LA, this single act is not sufficient.

ISRAEL'S PRIME MINISTER NETANYAHU: ISRAEL ARE TO ACT IF IRAN TRIES TO RENEW ITS NUCLEAR PROJECT.

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the Fed is not planning to cut rates anytime soon, publicly breaking from some of his own board members who have begun pushing for a move as early as next month. Speaking before the House Financial Services Committee during his required semiannual testimony, Powell said the US economy remains “solid” but emphasized the need for more data before making any policy changes. In his prepared remarks, Powell had pointed to the impact of President Donald Trump’s tariffs as a lingering inflation risk. He warned that while the economy continues to show strength, inflation readings could push higher. The Fed’s preferred measure of inflation is expected to climb to 2.3% in May, up from 2.1% in April. The core index, which removes food and energy prices, is projected to hit 2.6%, a slight uptick from 2.5% the month before. Despite Powell’s stance, two key members of the Federal Open Market Committee (FOMC) are now openly supporting rate reductions. Michelle Bowman, speaking in Prague this week, said she would support a cut at the Fed’s upcoming July meeting if inflation data “doesn’t spike.” Her position follows similar comments made by Christopher Waller, who said he favors a careful approach to easing policy. Both were appointed by Trump during his first term and are currently seen as possible successors to Powell. The divide became clearer after the release of the Fed’s latest “dot plot,” which anonymously records each member’s policy forecast. The internal outlook showed that nine of the nineteen officials want either no cut or one cut in 2025. Eight support two cuts, while two see the need for three. Although the vote to hold rates steady last week was unanimous, the longer-term views show a central bank that’s far from aligned. Powell made clear that he sees no urgency. He said the Fed is watching how tariffs are affecting prices and wants to avoid reacting to what might just be a temporary bump. “The FOMC’s obligation is to keep longer-term inflation expectations well anchored,” he told lawmakers. He stressed that the Fed cannot let short-term shocks lead to lasting policy shifts. “Without price stability,” he added, “we cannot achieve the long periods of strong labor market conditions that benefit all Americans.” The futures market has started to cool off on the idea of a July cut. Traders are now pricing in only a 23% chance that the Fed will ease policy at the July 29-30 meeting. There’s more confidence around September, but even that remains uncertain unless new inflation data supports the case. May’s consumer price index rose by just 0.1%, suggesting inflation is still tame for now. But the Fed is staying cautious, especially as Powell continues to prioritize a longer view over political or market pressure. The political pressure hasn’t slowed down. Early Tuesday, Trump used his Truth Social platform to lash out again. Referring directly to Powell, he wrote: “Congress needs to work this very dumb, hardheaded person over.” It’s not the first time Trump has attacked the Fed Chair, but this latest insult comes as the White House continues to blame the central bank for not supporting growth through cuts. Bowman and Waller’s break from Powell has created friction inside the Fed, but it’s also reshaping market expectations fast. Investors and analysts are now watching every speech and every data release closely. The sudden support for cuts by people in Powell’s own circle has raised fresh doubts about how much control he really has over the committee’s direction, and whether Trump might act on growing speculation to replace him next year. At this point, the Fed is split. The chair says hold. Some governors say cut. The market is hedging. And Trump, once again, is shouting from the digital rooftop. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites

Federal Reserve Chair Jerome Powell told Congress on Tuesday that the Fed is not planning to cut rates anytime soon, publicly breaking from some of his own board members who have begun pushing for a move as early as next month. Speaking before the House Financial Services Committee during his required semi annual testimony, Powell said the US economy remains “solid” but emphasized the need for more data before making any policy changes. In his prepared remarks, Powell had pointed to the impact of President Donald Trump’s tariffs as a lingering inflation risk. He warned that while the economy continues to show strength, inflation readings could push higher. The Fed’s preferred measure of inflation is expected to climb to 2.3% in May, up from 2.1% in April. The core index, which removes food and energy prices, is projected to hit 2.6%, a slight uptick from 2.5% the month before. Fed officials push cuts while Powell resists Despite Powell’s stance, two key members of the Federal Open Market Committee (FOMC) are now openly supporting rate reductions. Michelle Bowman, speaking in Prague this week, said she would support a cut at the Fed’s upcoming July meeting if inflation data “doesn’t spike.” Her position follows similar comments made by Christopher Waller, who said he favors a careful approach to easing policy. Both were appointed by Trump during his first term and are currently seen as possible successors to Powell. The divide became clearer after the release of the Fed’s latest “dot plot,” which anonymously records each member’s policy forecast. The internal outlook showed that nine of the nineteen officials want either no cut or one cut in 2025. Eight support two cuts, while two see the need for three. Although the vote to hold rates steady last week was unanimous, the longer-term views show a central bank that’s far from aligned. Powell made clear that he sees no urgency. He said the Fed is watching how tariffs are affecting prices and wants to avoid reacting to what might just be a temporary bump. “The FOMC’s obligation is to keep longer-term inflation expectations well anchored,” he told lawmakers. He stressed that the Fed cannot let short-term shocks lead to lasting policy shifts. “Without price stability,” he added, “we cannot achieve the long periods of strong labor market conditions that benefit all Americans.” Markets pull back expectations as Trump slams Powell again The futures market has started to cool off on the idea of a July cut. Traders are now pricing in only a 23% chance that the Fed will ease policy at the July 29-30 meeting. There’s more confidence around September, but even that remains uncertain unless new inflation data supports the case. May’s consumer price index rose by just 0.1%, suggesting inflation is still tame for now. But the Fed is staying cautious, especially as Powell continues to prioritize a longer view over political or market pressure. The political pressure hasn’t slowed down. Early Tuesday, Trump used his Truth Social platform to lash out again. Referring directly to Powell, he wrote: “Congress needs to work this very dumb, hardheaded person over.” It’s not the first time Trump has attacked the Fed Chair, but this latest insult comes as the White House continues to blame the central bank for not supporting growth through cuts. Bowman and Waller’s break from Powell has created friction inside the Fed, but it’s also reshaping market expectations fast. Investors and analysts are now watching every speech and every data release closely. The sudden support for cuts by people in Powell’s own circle has raised fresh doubts about how much control he really has over the committee’s direction, and whether Trump might act on growing speculation to replace him next year. At this point, the Fed is split. The chair says hold. Some governors say cut. The market is hedging. And Trump, once again, is shouting from the digital rooftop. $BTC $ETH $XRP $SOL $SUI $WIF $HYPE $HYPER $FLOKI $BGB $AVAX $WUF

Singapore, long seen as a friendly hub for crypto innovation, is now taking a hard stance on digital asset firms. The Monetary Authority of Singapore (MAS) has announced a regulatory shift that gives crypto companies only two choices: either obtain a Digital Token Service Provider (DTSP) license or shut down offshore operations by June 30, 2025. This is not a phased regulation update — it’s an abrupt and aggressive compliance demand. There will be no grace period, no transition window, and no temporary exemptions. According to MAS, non-compliance will result in a fine of up to $200,000 or three years of imprisonment. The crackdown stems from the issue of regulatory arbitrage. Many crypto firms have used a Singapore base to serve international users in regions where their services wouldn’t otherwise be licensed. For MAS, this strategy undermines the credibility of Singapore’s financial ecosystem. This new rule aims to eliminate grey zones and loopholes, especially for platforms offering custodial services, derivatives, or leveraged products to clients outside Singapore. MAS has stated that DTSP licenses will be approved only in “extremely limited” cases, effectively discouraging most global-facing firms from maintaining their operations in Singapore. The new rules apply to any Singapore-based crypto firm serving users outside the country, including: Several major players, including Bitget , have already started relocating their teams and operations out of Singapore to remain compliant and retain their global reach. The enforcement has triggered a migration wave among Web3 firms. Here are the top alternative hubs: Meanwhile, countries like Japan, South Korea, Vietnam, and the Philippines already have stricter regulations in place. Until now, Singapore was the final flexible outpost in Asia for global crypto operations — but that era has ended. The MAS decision marks a defining shift in Asia’s crypto landscape . Crypto companies will now need to reconsider where they base their operations, particularly if they offer leveraged products, custody services, or global access. This is not just a crackdown — it's a compliance cliff. Firms that fail to act before the June 30 deadline risk losing their access to Singapore’s ecosystem or facing serious legal consequences. Singapore’s decision is a turning point for crypto regulation in Asia. The country’s transformation from a flexible fintech hub to a tightly regulated market will reshape how global crypto businesses operate. If you're a Web3 team serving international clients, Singapore is no longer the safe regulatory haven it once was. Crypto firms must now act fast: get licensed, shut down offshore services, or move operations to a more welcoming jurisdiction. $Bitget