US Treasury Secretary Scott Bessent sharply criticized Senator Elizabeth Warren for misunderstanding the US intervention to support the Japanese yen, clarifying that Japan owes no money to the Treasury. Warren had questioned the Treasury's sale of euros to buy yen after the yen hit a 40-year low, but Bessent defended the move as necessary to stabilize markets and protect US economic interests. Despite his strong rebuttal, Bessent did not disclose key details such as the amount of yen purchased or the current value of the position. This intervention was the first coordinated US-Japan effort to strengthen the yen since 1998, with Japan spending a record amount to support its currency. The exchange highlights tensions between Treasury officials and lawmakers over transparency and economic strategy.
ZenaTech introduced Stacklens™, AI-powered smart safety glasses designed for field technicians and industrial workers, integrating hands-free AI assistance, real-time video support, and thermal imaging. The glasses aim to improve efficiency by allowi...
Polkadot (DOT) experienced a notable price surge on October 10, 2026, driven by broad market factors rather than any confirmed project-specific news. The rally appears linked to increased risk appetite, short-covering, and technical breakouts common ...
Last week saw two biotech companies successfully price their IPOs, alongside a billion-dollar data center developer, an emerging markets fintech, and a dental treatment company. Despite market caution limiting some IPO activity, biotechs remain activ...
The XRP Ledger patched a critical vulnerability in its payment engine that could have allowed attackers to create and spend XRP beyond the network's 100 billion token supply. The flaw, present in versions 3.4.0 and earlier, was fixed in version 3.4.1...
A decade-old bug in the XRP Ledger's payment system could have allowed attackers to create and spend new XRP tokens without funding them, violating the fixed supply of 100 billion XRP. The vulnerability involved a counting error in the ledger's built...
