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Wall Street's Digital Asset Push Persists Ahead of Senate Vote on Digital Asset Market Clarity Act

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The expansion of Wall Street's digital-asset activities is expected to continue even if the Digital Asset Market Clarity Act does not pass. A Senate vote on the bill is anticipated for Tuesday to clarify regulatory authority over digital assets.

NS3.AI notes ongoing disagreements over stablecoin rewards and whether such incentives could draw deposits away from traditional banks. The debate unfolds as lawmakers consider how to define regulatory oversight while financial firms continue to broaden their digital-asset businesses.

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Firelight plans XRP-backed yield system with 60-day withdrawal window

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Firelight is reportedly planning a yield program for XRP that would accept FXRP deposits to back protection sold to DeFi protocols.

NS3.AI notes that withdrawals from the system could take as long as 60 days.

The proposal would suspend rewards once users begin withdrawing, and some eligible claims could reduce the payout returned to participants.

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US Says It Has On-Orbit Space Control Weapons

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Wallstreetcn reports that at the annual Aerospace, Space and Cyber Conference in Maryland, U.S. Air Force Secretary Troy Meink said Washington already possesses on-orbit space control weapons.

The Washington Post later noted that the remarks represented the first public acknowledgment of offensive space capabilities by the United States.

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McKinsey's Kate Smaje: Boardrooms Focus on AI Scaling and Profitability

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Kate Smaje of McKinsey says warnings from AI researchers about a slowdown in development are shaping a broader debate around AGI, risk, pace, and patience. She notes that in boardrooms the conversation tends to differ, with executives who have already invested heavily in AI now asking whether the tools can scale, deliver profitability, and remain sustainable.

Her comments were shared on The Close with Romaine Bostick and Isabelle Lee, according to Bloomberg.

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UK weighs Saudi requests for military and diplomatic support against Houthi offensive

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British Prime Minister Burnham is weighing whether to offer diplomatic and military backing to Saudi Arabia as Yemen's Houthi movement intensifies attacks.

Sina Finance, citing sources familiar with the matter, reported that Saudi officials have submitted a series of requests for diplomatic and military support.

The requests include operational support for Saudi forces to push back the Iran-backed group as it advances along Yemen's Red Sea coast toward the Bab el-Mandeb Strait, as well as help defending Saudi oil infrastructure.

It remains unclear whether Burnham would approve the requests, and the British government has not disclosed them. A spokesperson said Britain will work with partners to support regional stability.

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UK Regulators to Outline Tokenization Roadmap After 123 Submissions

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The UK Financial Conduct Authority and the Bank of England are shaping a tokenization roadmap guided by feedback from 123 responses.

According to NS3.AI, the majority of respondents identified post-trade processes as the key opportunity for adoption.

The roadmap is expected later this year and will set target dates for the UK's wholesale tokenization program.

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AI Control Fears Grow Amid Advances and Cyber Incidents

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Bloomberg notes that fears of artificial intelligence escaping human oversight have intensified as the technology advances.

The unease is being amplified by a string of cybersecurity breaches involving AI agents.

New warnings from rank-and-file AI staffers have also contributed to the sense that managing the risks of increasingly capable systems remains a priority.

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Aave USDT0 on Monad Leaves $4.4M Unborrowed from $55.9M Supply

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Aave's USDT0 lending pool on Monad had about $4.4 million unborrowed from a $55.9 million supplied balance.

According to NS3.AI, the pool carried a 6.10% annual percentage rate over the weekend.

The unborrowed amount was described as an estimated pool-wide withdrawal buffer captured in a dashboard snapshot.

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