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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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Bitcoin Rachy posted the query on X early Wednesday, prompting users to highlight Bitcoin's decentralized nodes, open-source code, public ledger, and 21 million supply cap as key distinctions from Ponzi schemes. Contributors contrasted it with fiat currencies' inflation since 1971 and noted regulators target actual Bitcoin scams, not the asset itself. As Bitcoin hit $90,000 amid post-election gains, the thread exposed divides between maximalists and skeptics invoking greater fool theory.

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A financial advisor turned to X after a client branded Bitcoin a Ponzi scheme—sparking over 400 replies packed with sharp rebuttals.

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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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Fusaka introduces PeerDAS, letting nodes sample just a fraction of transaction data instead of storing everything, which could boost capacity up to eight times and lower fees for layer-2 rollups. It also raises the block gas limit by 33% to 60 million and adds support for passkeys, so smartphones can sign transactions securely with Face ID or fingerprints—no seed phrases required. This follows May's Pectra upgrade as Ethereum's second big update this year, with validators ready and future tweaks planned to keep growth steady into 2026.

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Later today at 21:49 UTC, Ethereum flips the switch on its Fusaka upgrade, making the network faster and easier to run without skimping on security.

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Israel Hayom reports increasing incidents of spitting, cursing, and attacks on Christian tourists in Jerusalem's Old City as tourism rebounds after two years of war. Yiska Harani, who tracks such cases, described boys spitting at groups on the Via Dolorosa and a youth yelling 'Burn in hell' while kicking a tourist. Police are investigating one case thoroughly, though Harani notes past enforcement issues; she blames educational gaps on modern Christianity and calls for clearer condemnations from religious leaders to protect this vital tourism.

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A Christian woman walking the streets felt water spray into her face from a laughing ultra-Orthodox man. These painful encounters are making visitors hide their crosses out of fear.

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On December 22, more than a dozen southern Yemeni government bodies, including those for justice, health, and transport, publicly endorsed the Southern Transitional Council (STC) and its leader Aidaroos al-Zubaidi in their drive to restore a pre-1990 independent South Arabia. The announcements followed the STC's recent offensive expanding control over oil-rich areas and came amid rallies calling for international recognition of southern self-determination as a counterterrorism partner. Yemen's Presidential Leadership Council rejected the moves as illegal, warning of legal action and risks to unity against the Houthis under the 2019 Riyadh Agreement.

Key Takeaway

Thousands in Aden waved the old South Yemen flag at massive rallies, as over a dozen ministries pledged support for an independent southern state.

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