US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government assistance – are inadequate, reports Reuters.

JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report

Reuters

NEW YORK (Reuters) - Foreign holdings of U.S. Treasuries hit a record in May, the Treasury Department reported on Thursday, while a decline in Japan's huge stockpile closely coincided with what appeared to be the start of intervention to support its currency.

Foreign US Treasury holdings rise, Japan's stockpile shrinks

Last week, a federal judge convened a hearing for the U.S. Securities and Exchange Commission's case against Binance after publishing her ruling on Binance's motion to dismiss the SEC lawsuit. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign...

A Second Look at Third-Party Token Allegations in the SEC's Case Against Binance

The price of bitcoin is slightly lower early Tuesday afternoon after crossing the $65,000 level in late trading Monday. Republican U.S. presidential nominee Donald Trump has selected Ohio Senator J.D. Vance, perceived to be "pro-crypto," as his running mate. Spot ether ETFs are expected to launch next week, as issuers...

Cryptocurrency Price Movements Today: Bitcoin Tests $65K, Ether ETF Expected Next Week

Regulators in the European Union have issued new guidelines allowing relevant market participants to classify cryptocurrencies and digital assets under the Markets in Crypto-Assets (MiCA) Regulation. On July 12, three European Supervisory Authorities — the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and...

EU releases crypto-asset classification tools to help firms comply with MiCA

New York City, NY

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writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The Shy Green

Salt Life Beer, a beloved brand synonymous with ocean enthusiasts and craft beer lovers, is facing turbulent times as it files for Chapter 11 bankruptcy. Known for its crisp and refreshing lager inspired by the sea, Salt Life Beer has become a staple for those who cherish the ocean's allure.

Another famous beer brand is going bankrupt and will file for Chapter 11

Broward County, FL

Margate, FL

Edmond Thorne

MARGATE, FL. - A sophisticated lottery scam targeting vulnerable seniors across the United States has been uncovered, with a Margate man at its center. The elaborate scheme defrauded victims of approximately $9.5 million, leaving a trail of financial and emotional devastation in its wake.

Broward Man Arrested by Feds in $9.5 Million Lottery Scam: Targets Seniors Nationwide.

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

California State

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Kronos Advanced Technologies has made a groundbreaking announcement, becoming the first public company in the United States to accept Shiba Inu (SHIB) as a form of payment. In a June 6th SEC filing, the U.S., Oregon-based company expressed its excitement about this new venture, noting that it believes that integrating SHIB payments will provide a seamless and secure transaction experience for its customers.

Shiba Inu Makes History as First U.S. Public Company Begins Accepting SHIB For Payments

153 wallets connected to LI.FI lost around $12 million worth of USDC, USDT and DAI stablecoins and other cryptocurrencies in an exploit on Tuesday. The team attributed the vulnerability to “an individual human error in overseeing the deployment process.”. LI.FI, the popular cross-chain blockchain protocol, exploited on Tuesday, has...

LI.FI publishes incident report about nearly $12 million hack, blames ‘human error'

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

NewsByJoshua

Redbox, the iconic movie rental company with over 34,000 locations nationwide, has announced the closure of its operations following its parent company's filing for Chapter 11 bankruptcy. This decision has left many of its loyal users saddened, marking the end of an era for physical media enthusiasts.

A rental company with 34,000 locations has closed its doors

Shiba Inu’s price is extremely volatile, moving up and down based on hype. It's hard to find any competitive strengths that Shiba Inu has. Investors have more promising places to park their hard-earned savings. Investors in this token have registered huge gains in 2024. This year has been wonderful...

Should You Buy Shiba Inu While It's Less Than a Penny?

New Jersey State

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contributor

Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

When you're pulled over by police in North Carolina, it's important to know your rights and responsibilities, both as a driver and a passenger. Here’s a breakdown of what the law says about interactions with law enforcement during a traffic stop.

Can police question passengers when pulling over a driver in North Carolina? What you need to know

SEC has rescheduled its closed meeting for July 25, causing XRP's price to rise amid speculation of potential settlement in Ripple case. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Ripple v. SEC: XRP Price up as New Closed Meeting Date Set

Written by Amy Lieberman , The Conversation ; Jeff Inglis , The Conversation , and Naomi Schalit , The Conversation. The U.S. Supreme Court has ruled that a president, including former President Donald Trump , “may not be prosecuted for exercising his core constitutional powers, and he is entitled, at a minimum, to a presumptive immunity from prosecution for all his official acts.”

Supreme Court Rules Trump Had Partial Immunity as President, but Not for Unofficial Acts

NewsBreak

Binance.US get judge's sign off to invest customer assets in US Treasury bills

Judge Amy Berman Jackson ordered Binance.US to invest customers’ assets in U.S. Treasury bills, which are considered safe investments because the U.S. Treasury Department backs them....

Binance.US get judge's sign off to invest customer assets in US Treasury bills

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