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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

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Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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Greg Ip explains how targeted price jumps in eggs, beef, housing, and more outstrip income gains, leaving first-time homebuyers and renters strained—half now spend over 30% of income on housing alone. Quick policy ideas like tariffs, rent controls, or rate cuts carry risks of recession or renewed inflation, he warns. Leaders like President Trump and NYC Mayor-elect Zohran Mamdani highlight the issue, while many call for bold changes from market shifts to reforms ending the Fed or curbing investor home buys.

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Families feel the pinch from higher housing, groceries, and everyday bills, even as wages slowly rise and inflation eases. A top economist asks if real relief is possible without bigger problems down the road.

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Iranian activists are urgently sharing claims that Shirvan cafe owner Masoud Babaei, arrested January 8 amid protests, was tortured into confessing and now risks execution early Friday. Human rights group Hengaw confirmed his detention in a sweep targeting Kurds, while posts circulate his photo stamped 'SENTENCED TO DEATH' and call for amplification with hashtags like #مسعود_بابایی. This push highlights Iran's crackdown, with over 100 executions since early January on protest-related charges, as online voices battle state silence and past campaigns have occasionally stopped such fates.

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A desperate message from inside an Iranian prison warns that Masoud Babaei could face hanging at dawn on January 31. Activists are flooding posts with his name, hoping global attention might halt the gallows.

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President Donald Trump proposed expanding Chinese student visas to 600,000 annually to prevent U.S. universities from closing due to enrollment declines, as stated in a Fox News interview with Laura Ingraham. Michael Flynn Jr. countered on X by calling colleges indoctrination camps and expressing indifference to half of them shutting down, drawing over 13,000 likes and sparking reactions from supporters decrying ideological bias and foreign influence to critics warning of harm to American innovation. The debate highlights tensions in Trump's base over higher education's role amid a 15% enrollment drop since 2010 and risks to institutions reliant on international tuition.

Key Takeaway

In a bold Fox News interview, President Trump warned that slashing Chinese student visas could shutter half of U.S. colleges—only for Michael Flynn Jr. to fire back on X: 'Shut them down.'

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The assets, worth €183 billion and held mostly at Euroclear in Brussels, would fund Ukraine's defense and budget needs now, with repayment from future Russian reparations. De Wever demands EU-wide risk sharing and points to Belgium's ongoing aid via taxes on the assets' interest, expected to yield €1 billion next year. EU allies criticize Belgium's handling of those funds, while the standoff highlights strains in supporting Ukraine amid shifting U.S. policies. Diplomats hope for progress at December's summit.

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Belgian Prime Minister Bart De Wever wrote a firm letter this week, calling the EU's proposal to back €140 billion in loans with frozen Russian funds fundamentally wrong. He worries it breaks international law and risks Belgium's financial standing.

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During the Kinus Hashluchim conference from November 12 to 17, over 6,500 Chabad emissaries from more than 100 countries gathered at 770 Eastern Parkway in Crown Heights for their yearly group photo, a custom since 1987 held with an annual permit on private property. Journalist Glenn Greenwald shared the video in response to a congressman's criticism of Muslims praying on a Brooklyn street, prompting points about consistent views on religious displays in public areas. Some highlighted differences in context and threats, while others appreciated Brooklyn's diverse religious scenes near synagogues and mosques, with no disruptions reported from the Chabad event.

Key Takeaway

Thousands of black-hatted rabbis lined up neatly outside their Brooklyn headquarters last month, chanting softly as a photographer captured the moment. The familiar tradition took on new layers when set against footage of street prayers nearby.

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Uniswap Labs launched this integration with Europe's largest finance app, available now in 26 EU countries excluding Hungary and the UK. Users select Revolut at checkout, pick from over 40 tokens on chains like Ethereum and Polygon, and get crypto delivered fast with no extra ID checks for existing customers—just network fees apply. It supports a dozen fiat currencies and builds on other onramps, with sell options coming soon to blend DeFi seamlessly with everyday banking.

Key Takeaway

Imagine buying ETH or USDC right in your Uniswap wallet with a simple tap—no app switching needed. Revolut's 65 million users across Europe can now fund their wallets using debit cards, bank transfers, or even Apple Pay.

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At the Jewish Federations of North America's General Assembly in Washington, D.C., Senator Ted Cruz argued that the $3.8 billion in annual military aid to Israel targets shared enemies like Hamas and Hezbollah, saving U.S. lives and costs while benefiting American defense firms. He highlighted Israel's Mossad providing critical intelligence to Washington and noted post-October 7, 2023, additional aid exceeding $14 billion amid regional conflicts. Cruz warned of declining support for Israel among young Republicans influenced by social media, citing GOP tensions between traditional hawks and an isolationist 'America First' wave.

Key Takeaway

Senator Ted Cruz slammed U.S. aid to Israel as a mere 'pittance' that delivers priceless intelligence and security gains for America.

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Zcash offers shielded transactions concealing sender, receiver, and amount, with selective disclosure for needs like audits—setting it apart from transparent coins like Bitcoin. Supporters highlight privacy's importance amid rising government scrutiny on digital money, while critics call the recent 10x gain a pump-and-dump now down 38% from its peak. Technical indicators show a short-term downtrend, yet whale accumulation and Grayscale's ETF filing on November 26 signal ongoing interest in its utility.

Key Takeaway

Zcash rocketed from $70 to over $740 in early November, powered by its zk-SNARKs technology that hides transaction details on the blockchain. Now at around $459, it reflects the highs and pullbacks of crypto's privacy push.

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On November 18, Phantom introduced Phantom Terminal, a beta web platform offering advanced charts, real-time data, and fast execution speeds accessible via desktop browser at trade.phantom.com. The tool syncs positions with the Phantom mobile app and integrates MoonPay for fiat deposits, building on the recent SolSniper acquisition to target professional Solana traders. Early user feedback highlights intuitive design and performance, though some report minor bugs, as Phantom plans further enhancements to streamline trading within its ecosystem.

Key Takeaway

Phantom just unveiled Terminal, a sleek browser-based powerhouse for Solana traders seeking pro-level speed and charts.

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In a letter to Treasury Secretary Scott Bessent and Attorney General Pam Bondi dated Tuesday, Democratic Senators Elizabeth Warren and Jack Reed requested an investigation by December 1 into World Liberty Financial's compliance with anti-money laundering rules, sanctions, and governance. The demand stems from a September report by Accountable.US alleging the project sold $WLFI governance tokens to wallets linked to North Korea's Lazarus Group, a Russian sanctions-evasion stablecoin, Iran's NoBitex exchange, and the sanctioned mixer Tornado Cash. DT Marks DEFI LLC, controlled by Donald Trump and his family, holds 22.5 billion tokens and receives 75% of sales revenue, while the project lists Trump family members in prominent roles; World Liberty Financial maintains it has robust compliance measures with no evidence of wrongdoing.

Key Takeaway

Senators Elizabeth Warren and Jack Reed have fired off a letter urging a federal probe into World Liberty Financial, the Trump family's crypto project, over alleged sales to North Korean hackers and sanctioned entities.

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A swimming pool in China became completely packed with dozens of people floating on a dense layer of vibrant inflatable rings in yellow, pink, blue, green, and purple, creating a chaotic and overflowing scene. The video, originating from TikTok, shows individuals squeezed together in the water and on the edges, with some interacting amid the overcrowding.

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Hanke described Bitcoin as a highly speculative asset lacking fundamental value, amid its trading around $93,000 with a $1.8 trillion market cap on December 4. Critics like The Great Martis listed drawbacks including extreme volatility, low transaction speeds of 3-7 per second, high fees, massive energy use, and crime ties. Supporters countered by comparing it to gold's scarcity-based value, noting Lightning Network for fast cheap payments, over 50% renewable energy, low illicit activity at 0.14% of volume, and falling volatility with growing adoption.

Key Takeaway

Steve Hanke, the Johns Hopkins economist, shared a cartoon this week spotlighting Bitcoin's wild price swings. He's held this skeptical view since the cryptocurrency's early days.

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The accident happened December 29 on the Lagos-Ibadan Expressway, where police blamed a tire failure. Ayodele, a Muslim convert tied to the SPOT Project charity, inspired a quick fundraiser that raised over $180,000 for a mosque and borehole in his name as ongoing Islamic charity. Tributes poured in from boxing stars like Tyson Fury and Jake Paul, while online backlash hit a post wrongly assuming Ghami was not Muslim, with many calling for focus on shared grief over division.

Key Takeaway

Anthony Joshua walked away with minor injuries after a tire blowout sent his SUV crashing into a truck, but his close trainer Kevin Ayodele and coach Sina Ghami died instantly.

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