A total of 94 US banks are at significant risk of experiencing bank runs by uninsured depositors if they show financial weakness, according to a new report. An analysis from Florida Atlantic University finds the billion-dollar banks in question – which include seven US financial giants – have all reported a 50% or higher ratio of uninsured deposits to total deposits.

94 US Banks at ‘Serious Risk’ of Bank Runs, Including BNY, State Street, JPMorgan Chase and Citi: Report

A new MEV bot run by pseudonymous trader Jaredfromsubway.eth — named after the former Subway spokesperson — has been rolling out more complicated arbitrage and sandwich attacks earning him millions of dollars in ETH. MEV, or maximum extractable value, is the process of reordering transactions to earn as...

Jaredfromsubway.eth is back with a new MEV bot and new sandwich attacks

The fast-food chain’s Instagram account appeared to have been hacked to promote a Solana memecoin. GRIMACE token shot to a market capitalization of $20 million before plummeting to less than $1 million. McDonald's Instagram account seems to have been compromised in order to promote a Solana memecoin. Earlier Wednesday,...

McDonald's Instagram account seemingly hacked to promote Solana token 'Grimace'

NBC News

As the 2024 U.S. elections reach their home stretch, crypto companies are opening their wallets to try and influence the results. Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a report this week from the nonprofit watchdog group Public Citizen. The sum, approximately $119 million, was raised from a mix of contributors, with Coinbase and Ripple accounting for more than 80% of the donations.

Crypto industry accounts for almost half of corporate donations in 2024 election, report says

Ohio State

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The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

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The Lens

This year’s area of low oxygen in the Gulf of Mexico is larger than average, the National Oceanic and Atmospheric Administration (NOAA) announced on Thursday. The “dead zone” is approximately 6,705 square miles , as measured last week. Within NOAA’s 38 years of measuring the dead zone, this year’s assessment marks the 12th-largest area of low to no oxygen, which can kill fish and marine life.

Gulf ‘dead zone’ larger than average, larger than expected for 2024, scientists announce

This means institutional and corporate clients will be able to custody ether, UNI and ARB through Prometheum Capital, according to a statement released by the firm on Wednesday. Prometheum has been heavily scrutinized by the digital asset industry, as many crypto firms say it is not possible to register with...

Prometheum adds 'digital asset securities' UNI and ARB to its custodial ranks

Fidelity actively participates with 176,626 BTC held, emphasizing strong institutional engagement in the cryptocurrency market. Predictions suggest Bitcoin ETFs might hold more than Nakamoto as early as October 2024 due to rapid acquisition rates. U.S.-based Bitcoin ETFs are approaching a pivotal moment where they might soon hold more Bitcoin than...

BlackRock and Fidelity Are Hoarding Bitcoin: Could They Control the Future of Crypto?

Florida State

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Lake Panasoffkee, FL

Akeena

Catfish Johnny’s, a beloved seafood restaurant known for its fresh catches and lively atmosphere, faced a temporary shutdown following a state inspection. This popular dining destination, which has delighted locals and tourists alike for 33 years, was briefly closed after the Florida Department of Business and Professional Regulation (DBPR) flagged multiple violations.

Florida’s Favorite Seafood Spot Closed After State Inspection

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Reuters

HONG KONG (Reuters) -Hong Kong's bourse has booked its first profit increase in three quarters, marking record revenue and income for an April-June period as new listings and trading activity picked up.

Hong Kong bourse logs first profit rise in three quarters, IPOs pick up

Orange County, CA

Corcoran, CA

NewSantaAna

CORCORAN – California Department of Corrections and Rehabilitation (CDCR) officials are investigating the July 28, 2024, death of an incarcerated person at California Substance Abuse Treatment Facility as a homicide.

Pimp arrested in Orange County killed by an inmate at a state prison

(Reuters) - Australia's Federal Court ruled on Friday that the operator of the Kraken crypto exchange failed to comply with the design and distribution obligations for its margin trading product, Australia's corporate regulator said.

Aussie regulator wins case against Kraken crypto exchange operator on distribution flaws

Oaktree Capital Management and AVANA Companies launched a new joint venture aimed at boosting private debt financing in the U.S. commercial real estate (CRE) sector. The AVANA-Oaktree Private Credit Partnership (AOPCP) is slated to deploy $250 million in capital over the next three years, focusing on providing bridge and construction loans to small and medium-sized enterprises (SMEs) in the CRE industry. The partnership aims to stimulate local economies and create jobs by offering much-needed access to capital for SMEs in a tight lending environment.

Oaktree launches $250m CRE lending partnership

Nestle has replaced its CEO Mark Schneider with company veteran Laurent Freixe. The Swiss firm said in a statement Thursday that Schneider, who was at the helm for eight years, "has decided to relinquish his roles as CEO and member of the board of directors." Freixe, who joined Nestle in...

Nestle CEO departure seen as 'not such a bad thing' for investors, analyst says

The Motley Fool

Bitcoin could soar in price over the next decade. But that's not the only reason billionaires are buying Bitcoin.

Billionaires Are Buying This Cryptocurrency That Could Soar 20,000%, According to MicroStrategy Executive Chairman Michael Saylor

As part of its endgame plan, MakerDAO has planned an optional conversion of each MKR governance token into 24,000 NewGovToken (NGT) tokens. The redenomination aims to broaden participation in MakerDAO’s governance by allowing more users to hold significant amounts of NGT. MakerDAO, the decentralized autonomous organization behind the. Dai.

MakerDAO plans to optionally redenominate 1 MKR into 24,000 NGT tokens as part of endgame

Wyoming State

WyoFile

A Campbell County single parent with one preschooler and one school-age child needs to earn more than $60,000 annually to cover basic monthly costs living in Wyoming, according to a new report on affordability in the state.

Economic self-sufficiency report underscores Wyoming workers’ struggle to make ends meet

Colombia’s regulatory agency accused Worldcoin of violating the personal data protection regime. Worldcoin has been investigated in several other jurisdictions for alleged privacy breaches. Colombia’s top consumer protection watchdog has accused the biometric cryptocurrency project. Worldcoin. and its company Tools for Humanity of allegedly violating the country’s personal...

Worldcoin faces scrutiny from Colombian authorities for alleged privacy violations

TheStreet

Seven & I, parent of 7-Eleven, is in talks with Canada’s Alimentation Couche-Tard.

7-Eleven parent company on verge of mega merger

NewsBreak

Binance plans to hire 1,000 as it ramps up compliance: Bloomberg

Binance CEO Richard Teng said that the company intends to hire 1,000 more people this year, according to a Bloomberg report. The company seeks to expand...

Binance plans to hire 1,000 as it ramps up compliance: Bloomberg

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