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LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger
LayerZero Seals $120 Million Stargate Takeover in Rare DAO-Approved Crypto Merger

The LayerZero-Stargate deal dissolves the DAO and converts all STG tokens into ZRO, consolidating both platforms under one governance framework.

BeInCrypto·2025/08/24 03:00
XRP Price Rally Hinges on Breaking This Key Resistance Zone
XRP Price Rally Hinges on Breaking This Key Resistance Zone

XRP price trades near $3.03, with whales adding $758 million worth of tokens. A breakout above $3.29 remains critical for triggering the next rally.

BeInCrypto·2025/08/24 02:30
Powell takes on big test to cut rates without losing Fed independence
Powell takes on big test to cut rates without losing Fed independence

Share link:In this post: Powell may cut interest rates in September because the economy is slowing, but he’s being cautious to avoid looking like he’s giving in to Trump. Trump wants big rate cuts to help with government debt, but Fed officials, like Beth Hammack, say inflation is still too high. Trump is pressuring Fed leadership, threatening to fire Lisa Cook and nominating Stephen Miran to the Fed board after a recent vacancy.

Cryptopolitan·2025/08/24 02:15
SpaceX to launch Starship despite back-to-back losses
SpaceX to launch Starship despite back-to-back losses

Share link:In this post: SpaceX is preparing to launch Starship from South Texas on August 24 after recent failures in flight and ground tests. NASA is relying on Starship for its Artemis moon program with a $4 billion contract and a 2027 deadline. The rocket stands nearly 400 feet tall with 33 booster engines and will attempt controlled splashdowns in the Gulf of Mexico and Indian Ocean.

Cryptopolitan·2025/08/24 02:15
BLS credibility hit pushes Wall Street deeper into private data
BLS credibility hit pushes Wall Street deeper into private data

Share link:In this post: Trump fired BLS head Erika McEntarfer and claimed July’s jobs report was rigged without proof. Wall Street investors are shifting away from BLS data and relying more on private sources. Experts like Philip Petursson and Michael O’Rourke no longer trust BLS numbers fully.

Cryptopolitan·2025/08/24 02:15
US debt could hit 250% of GDP without spiking rates, Fed paper says
US debt could hit 250% of GDP without spiking rates, Fed paper says

Share link:In this post: A Fed paper says the US can hit 250% debt-to-GDP without spiking interest rates—if demand holds up. Interest payments already hit $1.2 trillion, and will hit $1.4 trillion in 2026 unless yields fall. The Fed plans to cut rates soon, blaming rising unemployment despite inflation still climbing.

Cryptopolitan·2025/08/24 02:15
Flash
23:34
Nexstar Media Group has filed an emergency request to the federal appeals court, seeking to expedite the review process of its acquisition of Tegna.
The company stated in court documents that delays in the approval process have cost it up to tens of millions of US dollars in economic losses. Legal documents show this high-profile media merger case has been left unresolved for a long time and continues to deplete Nexstar’s financial resources. The company emphasized that every day of delay leads to substantial capital loss and missed strategic opportunities. The request for an expedited review highlights the significant financial pressure companies face during regulatory approval processes. Nexstar’s move also reflects the media industry’s urgent need for transaction certainty and timeliness amid a wave of consolidation. How the federal appeals court will respond to this emergency motion remains to be seen. The progress of this case not only concerns the interests of both parties to the transaction, but may also provide an important reference for the regulatory review process of similar future media mergers.
23:34
Wedbush analyst Dan Ives and his team released a research report shortly after the release of the SpaceX prospectus, predicting that SpaceX and Tesla will merge in 2027.
Ives pointed out that Tesla currently holds shares in SpaceX, and the Terafab factory jointly operated by both companies has deeply intertwined their businesses. Ives wrote: “Elon Musk wants to gain more dominance in the AI ecosystem, and the ultimate goal he aims for step by step may be to somehow combine SpaceX and Tesla, thereby creating a link between these two disruptive technology giants determined to lead the AI revolution.” SpaceX also stated in its prospectus that the two companies have “laid the preliminary foundation for a strong and constructive partnership through a series of limited yet quite successful business collaborations.”
23:25
Morgan Stanley appointed as price stabilization agent for SpaceX issuance
Glonghui, May 21|In the registration documents for this SpaceX issuance, Goldman Sachs secured the coveted "lead left" position as the main underwriter among all banks, while Morgan Stanley was appointed as the stabilization agent for this issuance—another highly sought-after role. This position means Morgan Stanley will be responsible for overseeing the initial stock trading during the offering.
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