Author: News Room

Yield-bearing stablecoin supply fell by more than $3.5 billion in the second quarter of 2026, reversing nearly three years of quarterly growth as crypto-native products contracted and Treasury-backed tokens expanded. Crypto exchange CEX.IO reported Thursday that the category declined by 15% during Q2. Ethena’s sUSDe lost 52% of its supply, shedding nearly $2 billion, while Sky’s sUSDS declined by 16%.Treasury-backed products moved in the opposite direction. BlackRock’s BUIDL grew by 2%, Circle’s USYC increased by nearly 16% and Ondo Finance’s USDY rose by over 66%, highlighting a widening divide between crypto-native yield assets and products backed by traditional assets. The divergence came…

Kim Kardashian released micro designs that she claims “fit everybody,” but fans seemed to feel otherwise as several joked the outfits came with a serious fabric shortage. Many social media users sounded off after Kardashian, 45, announced the launch of her micro Skims designs on Wednesday, July 1, including a thong, bralette and teddy. “Kimberly, that does not fit everybody,” one wrote via Instagram, while another added, “Let me see it on everyBODY 👀.” A third remarked, “I literally cannot think of a single person who could wear this, or even want to 😭.” However, there was one person who…

The Action Democratic Party presidential candidate, Amb Aliyu Bin Abbas, has been formally presented to supporters in Kano ahead of the 2027 general election, with his backers describing him as a credible alternative capable of repositioning Nigeria. The unveiling, organised by the Aliyu Bin Abbas Organisation on Wednesday at Bristol Palace Hotel, Kano, drew political supporters, youth groups, women, professionals, entertainers and other stakeholders. A statement issued on Thursday by the Special Assistant on Media and Publicity to the ADP presidential candidate, Jacob Dickson, said the gathering marked the public launch of Abbas’ presidential campaign movement. According to the statement,…

Key takeaways:Soft US jobs market data triggered a rotation of capital from overheated AI stocks into Bitcoin and gold.Bitcoin onchain indicators hint at seller exhaustion while the decline in oil prices opens room for monetary expansion.Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin.Nasdaq 100 Index futures (blue) vs. Bitcoin/USD (orange). Source: TradingViewThe Nasdaq 100 Index erased gains from the three prior…

Tate Paul is asking a Utah court to reconsider his denied restraining order request against ex-wife Taylor Frankie Paul. According to online court records viewed by Us Weekly, Tate, 32, filed a motion on Wednesday, July 1, for reconsideration and submitted several exhibits. Tate included text messages that allegedly show Taylor, 32, not disclosing why she was receiving inpatient treatment.  (A source previously told Us that The Secret Lives of Mormon Wives star checked into a rehab center for a voluntary stay. She has since been cleared and departed.) The texts also allegedly show Taylor admitting that she stops assaulting…

Despite receiving N10.08 billion in statutory allocations in 19 months, the Mkpat Enin Local Government Council in Akwa Ibom State faces questions over the poor condition of its legislative building and other public facilities, amid concerns about fiscal transparency and accountability. An inspection by the Akwa Ibom State House of Assembly Committee on Local Government and Chieftaincy Affairs recently exposed the deteriorating state of the council’s legislative block, poor surroundings, poor sanitation and what lawmakers described as signs of weak institutional maintenance. The findings raise questions about how the council has managed public resources since its administration began, especially given…

Security agencies on Thursday explained the reason behind the heavy deployment of security personnel and barricades across parts of Abuja’s city centre. They assured residents and visitors that the measures are routine and aimed at maintaining law and order amid increasing protests in the Federal Capital Territory. The barricades, which have been mounted at strategic locations in the city centre in recent days, have caused gridlock and delays for thousands of motorists, civil servants and other workers moving to and from offices in the Federal Capital Territory. Responding to concerns over the security measures during a joint media briefing by…

Bitcoin rises amid Fed inflation talks: Bull trap or $65K next?Bitcoin (BTC) reacted positively to US Federal Reserve Chair Kevin Warsh’s remarks on stubborn inflation. Despite the gains on Wednesday, traders fear that incentives for fixed-income investments and strong earnings momentum in tech stocks will continue to pressure non-yield-bearing assets like cryptocurrencies.Michael van de Poppe(Michael van de Poppe)The US five-year Treasury yield jumped to 4.22%, meaning traders demanded higher returns to hold government bonds. Even as inflation eventually eases and WTI crude oil prices fell to a 4-month low, investors anticipate monetary expansion.Regardless of how the Fed manages interest rates…

Maren Morris and Ryan Hurd‘s love story had all the makings of a great country song before they called it quits. Morris and Hurd met during a writing session for Tim McGraw’s song “Last Turn Home” in 2013. The duo were friends for two years before their relationship turned romantic. Hurd detailed their journey in his 2017 song “Love in a Bar.” “We were just friends, just hanging / Just sitting ’round waiting for somebody to cross the line,” he sings. “And we’ve been saying it with our eyes the whole time / That you have my whole heart.” Hurd…

President Bola Tinubu on Thursday urged the Nigerian media to “replace needless hostility with constructive engagement, ” and “replace sensationalism with professionalism.” The Nigerian leader spoke at the maiden State House Media Dinner. See the full text of his speech below. REMARKS BY PRESIDENT BOLA AHMED TINUBU, GCFR, AT THE MAIDEN STATE HOUSE MEDIA DINNER (SHMD), STATE HOUSE, ABUJA, on Thursday, 2 July 2026 PROTOCOLS Good evening, ladies and gentlemen. I am happy to join you today for the maiden State House Media Corp Presidential Dinner. First, I apologise on behalf of the media department for not setting up a…