Significant Liquidation of Short Positions Following Bullish CPI Report

Federal Reserve Official Barkin Comments on Labor Market Conditions

WATCH: Advanced Micro Devices agreed to sell up to $60 billion worth of artificial-intelligence chips to Meta Platforms over five years in a deal that allows the Facebook owner to purchase as much as 10% of the chip firm

UPDATE: Midnight Foundation President Fahmi Syed thanks his team and partners, says "the why I'm here, is to bring adoption of blockchain, to make people and industry change using blockchain. That's the driver, that's the discipline that keeps me motivated everyday." $NIGHT

UPDATE: Midnight Foundation President Fahmi Syed says "our smart contract technology, Compact, enables you to use those zero-knowledge proofs to open up more transactions, gateway to more liquidity, more data, provisioning or services, whilst never disclosing your data." $NIGHT

TruStage plans to launch a U.S. dollar-backed stablecoin for credit unions. @TruStage works with 93% of U.S. credit unions — meaning this could bring stablecoins directly into the traditional credit union system.

Millions in crypto funded tools to exploit U.S. software, Treasury says in new sanctions

TODAY: Microsoft has partnered with Elon Musk’s Starlink to expand internet access in rural and remote areas.

Canadian dollar nears three-week low as trade deal uncertainty lingers

UPDATE: #Cardano $ADA Founder Charles Hoskinson says "look across all major cryptos, the progress being made, from Ethereum with encrypted mempools, to Firedancer with Solana, to Leios—we're winning, getting more private, decentralized, reliable, and the power to run the world."