DOJ Opens Criminal Probe Into Fed Governor Lisa Cook Over Mortgage Allegations

The U.S. Justice Department has opened a criminal investigation into Federal Reserve Governor Lisa Cook over alleged mortgage fraud tied to multiple properties, according to several reports and people familiar with the matter. Justice Department Investigates Fed’s Lisa Cook; Mortgage Filings Under Review The inquiry centers on whether Cook misrepresented occupancy status or other information … Read more

Malaysia Central Bank Paper Sparks Debate by Naming XRP and BTC as Monetary Alternatives

A recent working paper from the Central Bank of Malaysia has identified XRP and bitcoin as potential alternatives to traditional monetary and payment systems. Digital Assets Could Replace Bank Deposits A recent working paper from the Central Bank of Malaysia (CBM) has identified XRP alongside bitcoin ( BTC) as potential “alternatives to the current monetary … Read more

Pierre Poilievre Reaffirms Stance Against Canadian CBDC

Canadian Conservative Party leader Pierre Poilievre once again slammed plans by the Bank of Canada to create a central bank digital currency (CBDC) in a video published Sunday where the 46-year-old politician can be seen answering questions from constituents in an intimate setting. In the video, a local farmer expresses concerns over the implementation of … Read more

Prediction Markets and CME Fedwatch Data Place Sky-High Odds on Fed Rate Cut for September

Amid the pressure President Trump has been piling on Federal Reserve Chair Jerome Powell, traders are now leaning heavily toward the idea of a small rate trim. CME’s Fedwatch data shows an 85.7% probability that a quarter-point cut is on the horizon, making it the clear favorite in the market’s playbook. Kalshi, Polymarket, and Wall … Read more

Sberbank Proposes Russian Crypto Custody Services

Russia’s largest lender, the state-run Sberbank, revealed Thursday that it plans to launch custody services for Russian crypto holdings, according to Reuters. With this step, Sberbank aims to claim a pivotal position in the country’s shifting digital asset space. Sberbank Responds to Foreign Custody ‘Risk’ in Russia According to a Reuters report, the announcement follows … Read more

$311B Worth of Pillow Gold: Türkiye Household Gold Hoard Dwarfs Central Bank Reserves

Turkish households hold an estimated $311 billion worth of unregistered physical gold outside the formal financial system, a massive stockpile far exceeding the central bank’s official reserves. Beyond Banks: Türkiye Citizens Hold $311B in Physical Gold According to central bank estimates cited by Onur Erdogan for Türkiye Today, this “under-the-pillow” gold, calculated as of the … Read more

Interest Rate Showdown: Trump vs. Powell, Massie vs. the Fed

U.S. President Donald Trump launched a blistering critique of Federal Reserve Chair Jerome Powell this week, intensifying his demand for lower interest rates as Rep. Thomas Massie (R-Ky.) reinforced concerns about the central bank’s fading influence. Trump Slams Fed as Nation Ranks 35th in Global Interest Rates President Donald Trump is once again targeting Federal … Read more

Zero Percent: Switzerland Reverts to 0% Rates to Counter Deflation Pressure

The Swiss National Bank (SNB) cut its key interest rate to 0% on June 19, 2025, reinstating a zero interest rate policy (ZIRP) effective immediately. SNB Joins Zero-Rate Club After Sixth Consecutive Cut The Swiss National Bank (SNB) lowered its policy rate by 0.25 percentage points to 0%, effective June 20, 2025. This decision marks … Read more

The World’s Most Dangerous Bond? Analyst Sounds the Alarm on Japan’s 40-Year JGB Market

Market analyst Weston Nakamura has labeled the 40-year Japanese Government Bond (JGB) market as the “most dangerous market in the world. Cross-Asset Contagion While many global investors and financial journalists may overlook it, the 40-year Japanese Government Bond (JGB) market is, according to market analyst Weston Nakamura, the “most dangerous market in the world.” Nakamura … Read more

Bank of Ghana Flags Yellow Card Affiliate and Hanypay as Unauthorized Entities

The Bank of Ghana (BoG) has issued warning to the public, financial institutions, and all relevant stakeholders regarding their engagement with two digital payment platforms, Yellow Card affilate Yellowpay and Hanypay. In a notice issued on June 11, the central bank stated that these entities are operating without the necessary licensing and approval within Ghana’s … Read more

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