For years there has been a controversy about whether or not the stablecoin Tether was truly backed by liquid assets or if the whole thing was just smoke and mirrors. I wouldn’t know. My understanding of stablecoins is that they are more of a tool – a medium of exchange within the crypto markets – than they are an investment.
You would not invest in something where your potential upside is zero and your d…

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  1. The old joke goes like this: Two friends are at a resort and one says, “The food here is really terrible.” The other replies, “And the portions are so small!” Today, it’s investors who dislike the taste of the Federal Reserve’s interest rate hikes but seemingly want more anyway.

  2. ‘They were shooting directly at journalists.’ These are the words of one eyewitness to the shooting of veteran Al Jazeera journalist Shireen Abu Akleh in Jenin Camp, in the West Bank. Nearly two weeks on, CNN has found new video evidence and eyewitnesses which suggest the Israel Defense Forces carried out a targeted attack. CNN’s Katie Polglase reports.

  3. • Uvalde teacher had made peace with idea she was going to die, attorney says
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  4. CNN’s Jeffrey Toobin reacts after Steve Bannon, who once served as former President Donald Trump’s chief strategist, threatened Attorney General Merrick Garland in response to the January 6 committee hearings.

  5. Americans gained a new federal holiday last year: Juneteenth. This year the holiday, which commemorates of the end of slavery in the United States, falls on Sunday but it will be observed in many places on Monday, June 20.

  6. • Samuel Alito lashes out at liberals in gun rights case as tensions boil over at Supreme Court
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  7. Two women were killed in shark attacks in Egypt’s Red Sea, south of the city of Hurghada, the Egyptian Ministry of Environment said on Sunday.

  8. CNN political commentators Errol Lewis and Scott Jennings discuss Sen. Joe Manchin (D-WV) telling Senate Majority Leader Chuck Schumer (D-NY) that he won’t support the Democratic economic package that the two had been negotiating for months.

  9. Wisconsin Assembly Speaker Robin Vos said former President Donald Trump called him last week as part of a fresh effort to decertify the state’s 2020 presidential election results.

  10. • Pope apologizes for ‘deplorable evil’ of Indigenous abuse in Canadian Catholic residential schools

  11. A woman was bitten on her face, back, and arms during a monk seal attack while swimming in Hawaii. CNN affiliate KHNL/KGMB has the details.

  12. Shopify will lay off approximately 10% of its global staff after making the “wrong” bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday.

  13. A robot created at Stanford University in California is diving down to shipwrecks and sunken planes in a way that humans can’t. Known as OceanOneK, the robot allows its operators to feel like they’re underwater explorers, too.

  14. Stories of buried treasure and ancient shipwrecks have captivated for centuries, from pirate tales to Hollywood blockbusters. For one team of explorers, however, legend became reality when they uncovered a trove of artifacts from a 350-year-old sunken Spanish galleon — including coins, gemstones and priceless jewels once belonging to seafaring knights.

  15. Actor Roger E. Mosley, best known for his role as the helicopter pilot Theodore “TC” Calvin on the 1980s hit show “Magnum, P.I.,” died Sunday, his daughter announced. He was 83.

  16. Allen Weisselberg, the former chief financial officer of the Trump Organization, pleaded guilty Thursday to his role in a 15-year-long tax fraud scheme, and as part of the deal he has agreed to testify against former President Donald Trump’s real estate company at trial.

  17. After determining a pregnant Florida teen wasn’t “mature” enough to make a decision for herself, a state court denied her a waiver to get an abortion without legal guardian notification and consent. It’s among the first of what are sure to be many such obstacles facing women and girls in a post-Roe world: purely subjective judgment on who is “qualified” to make choices regarding their own bodies, health and futures — and who is not.

  18. Rivian has discontinued the Explore Package as an option for its R1T pickup truck and R1S SUV — meaning the electric vehicle maker is getting rid of its cheapest option.

  19. The Justice Department and former President Donald Trump’s lawyers faced off yet again in the Mar-a-Lago investigation, this time in a court filing late Friday where they offered vastly different proposals for how the critical special master review of seized documents should work.

  20. Three children found unresponsive early Monday on the Coney Island shoreline in Brooklyn are dead, according to New York Police Department officials, after they were taken to a local hospital in critical condition.

  21. Ukraine had hoped it would mark a turning point. Six months have passed since Russia launched its invasion and Ukraine has since fired back with two counteroffensives — one in the South and the other in the East — carefully planned for months and supported by massive US military aid packages.

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