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Thu, 18 Sep 2025 17:25:00 +0000 Vitalik Buterin Finally Pushes Back After Weeks Of ETH Stalking Queue FUD
Vitalik Buterin Finally Pushes Back After Weeks Of ETH Stalking Queue FUD
Vitalik Buterin Finally Pushes Back After Weeks Of ETH Stalking Queue FUD
Authored by Martin Young via CoinTelegraph.com,
Ethereum co-founder Vitalik Buterin has finally addressed some concerns over the lengthening Ethereum staking exit queue, which has now grown to 45 days.
His response came after Galaxy Digital’s head of DeFi, Michael Marcantonio, called the exit queue length “troubling” on X and compared it to Solana, which only requires two days to unstake. He has since deleted the posts.
“Unclear how a network that takes 45 days to return assets can serve as a suitable candidate to power the next era of global capital markets.”
Deleted post from Galaxy Digital’s DeFi head. Source: Etc.
However, Buterin seemingly took a more ideological stance on the subject, describing unstaking from Ethereum as “more like a soldier deciding to quit the army,” adding that staking is more about “taking on a solemn duty to defend the chain.”
“Friction in quitting is part of the deal. An army cannot hold together if any percent of it can suddenly leave at any time.”
Overall, the network remains highly secure with over a million active validators and 35.6 million ETH staked, or almost 30% of the entire supply.
That being said, Buterin acknowledged the current staking queue design was not optimal, but reducing the constants would make the chain “much less trustworthy” for nodes that do not go online frequently.
Ethereum exit queue surged to an all-time high last week. Source: ValidatorQueue
Galaxy Digital purchased $1.5 billion worth of Solana recently after partnering with Multicoin Capital and trading firm Jump Crypto in a Solana treasury firm.
Galaxy Digital was also the first Nasdaq-listed company to tokenize its shares on Solana.
Fighting the staking FUD
Marcantonio seemingly deleted the posts after pushback from others.
Former Consensys product manager Jimmy Ragosa called out Marcantonio and Galaxy Digital, stating that from what he can gather from direct messages, the only thing the “relentless ETH FUD” has achieved is that “most entities with any vested interest in Ethereum are now reconsidering their business with Galaxy.”
Source: Jimmy Ragosa
“Apparently, Galaxy made their head of DeFi delete all of his Ethereum FUD,” said crypto lawyer Gabriel Shapiro, adding that “he was engaging in insanely gaslighty psyops.”
“Frankly, I wish it had stayed up because it only made Ethereum look great both technologically and culturally, but oh well.”
“I’ll be recommending that people no longer do business with Galaxy,” said Ethereum educator Anthony Sassano, adding:
“Deleting tweets doesn’t change the fact that the guy is their 'Head of DeFi' and doesn’t understand the very basics of this industry and cares more about fudding Ethereum than the actual truth.”
Solana proponent Mike Dudas sided with Galaxy, stating , “folks with a ‘vested interest in Ethereum’ have to work with shitty bankers instead of Galaxy who has proven with Solana that they can drive significant value in transactions and bridge to a much broader group of stakeholders.”
Cointelegraph reached out to Marcantonio and Galaxy for comment.
Ethereum ecosystem remains healthy
The Ethereum exit queue has dipped over the past few days, but remains high at 2.5 million ETH. However, a large portion of this is from Kiln Finance following an exploit.
There are currently 512,000 ETH in the entry queue, which hit a two-year high recently amid institutional accumulation.
Tyler Durden
Thu, 09/18/2025 - 13:25 Close
Thu, 18 Sep 2025 17:05:00 +0000 There's Something Odd About Meta's New Ray-Ban AR Glasses...
There's Something Odd About Meta's New Ray-Ban AR Glasses...
Mark Zuckerberg introduced Meta Ray-Ban Display and Meta Neural Band on Wednesday, the tech giant's first consumer-ready smart glasses with a built-in di
Read more.....
There's Something Odd About Meta's New Ray-Ban AR Glasses...
Mark Zuckerberg introduced Meta Ray-Ban Display and Meta Neural Band on Wednesday, the tech giant's first consumer-ready smart glasses with a built-in digital display.
Oversized black-framed glasses have become a kind of status symbol within the Democratic Party - merely a contest of who can outdo whom with bigger black frames , while pushing endless streams of woke narratives.
For everyday folks hoping for new AR glasses, Meta's new glasses instead project a sense of unhinged liberal vibes ...
Even Mark Zuckerberg's pre-launch interview was extremely awkward ...
VIDEO
If you're willing to spend $799 on a pair of AR glasses that give off progressive vibes, Goldman analyst Eric Sheridan has outlined the key takeaways from Meta Connect 2025 Keynote:
AR/VR Hardware:
Meta Ray-Ban Display – Meta announced both the Meta Ray-Ban Display, its first generation AI glasses with smart display, and Meta Neural Band, its companion neural interface wristband. Meta Ray-Ban Display includes a high resolution augmented reality display that enables various capabilities such as messaging, video chat, image and video capture and live subtitles & language translation. Available on 9/30, starting at $799.
Ray-Ban Meta glasses – Meta introduced the next generation of its Ray-Ban Meta glasses, including new styles & colors, features (2x longer battery life; improved camera with 3k video) and new AI capabilities (Conversation Focus & Life AI – see below). Available now starting at $379.
Oakley Meta glasses – Meta also introduced the next generation of its Oakley Meta HSTN glasses & announced new Oakley Meta Vanguard glasses. For Vanguard, this includes improved performance (122 degree field of view; improved video capabilities including 3k resolution and features such as stabilization, slow motion, hyperlapse and autocapture) and 3P partnership integrations (Garmin; Strava). Vanguard available for pre-order today starting at $499.
Software & Artificial Intelligence:
New AI Features for glasses , including Conversation Focus (ability to amplify certain voices in your surroundings) and Live AI (path toward always-on AI assistance running in the background).
Meta Horizon Studio – New studio for building VR worlds/experiences using Meta's generative AI creation tools.
Meta Horizon Engine – Meta's new gaming engine built & optimized for the metaverse, including faster loading & rendering of VR worlds and early access to Hyperscape Capture (ability to capture real world places into immersive digital worlds via a Quest headset).
Horizon TV – Meta's new entertainment hub for streaming content on AR & VR headsets, including announced partnerships with Disney (Disney+, Hulu, ESPN), Universal Pictures and Blumhouse.
With Apple's Vision Pro struggling to gain traction , how will Tim Cook respond now that Meta looks like it’s racing ahead in the smart-glasses space?
ZeroHedge Pro subscribers can access the full note here .
Tyler Durden
Thu, 09/18/2025 - 13:05 Close
Thu, 18 Sep 2025 16:45:00 +0000 DOJ Sues Maine, Oregon Over Voter Registration Lists
DOJ Sues Maine, Oregon Over Voter Registration Lists
DOJ Sues Maine, Oregon Over Voter Registration Lists
Authored by Melanie Sun via The Epoch Times,
The Department of Justice (DOJ ) said on Sept. 16 that it is suing Oregon and Maine for failing to provide information on how their election offices maintain valid voter registration rolls.
The DOJ’s Civil Rights Division said in a statement that both states had declined to cooperate with the department’s requests for unredacted access to voter rolls and maintenance procedures, despite having allegedly given a private organization access to “identical information.”
“States simply cannot pick and choose which federal laws they will comply with, including our voting laws, which ensure that all American citizens have equal access to the ballot in federal elections,” Assistant Attorney General for the Civil Rights Division Harmeet Dhillon said.
“American citizens have a right to feel confident in the integrity of our electoral process, and the refusal of certain states to protect their citizens against vote dilution will result in legal consequences.”
States are granted broad discretion over how they conduct both state and federal elections. However, there are some federal laws, such as the Voting Rights Act, the National Voter Registration Act (NVRA), and laws setting a uniform date for federal elections, that regulate the process and that states are required to adhere to when conducting elections.
Over the past several months, the DOJ’s Civil Rights Division has sent requests for voter registration-related information to at least 24 states, including requesting a complete list of all registered voters from at least 22 states.
In the lawsuit, the DOJ accused the two states and their secretaries of state of violating the NVRA, the Help America Vote Act, and the Civil Rights Act of 1960 in their refusal to share information regarding election oversight.
The department said that Oregon and its secretary of state, Tobias Read, are “refusing to produce the current unredacted electronic copy of the state’s voter registration list, to provide information on the state’s voter list maintenance program, and to disclose registration information for any ineligible voters.”
It accused Maine and its secretary of state, Shenna Bellows, of “refusing to provide data regarding the removal of ineligible individuals and to produce an unredacted, computerized state voter registration list.”
Bellows, a Democrat, criticized the legal action.
“It is absurd that the Department of Justice is targeting our state when Republican and Democratic secretaries all across the country are fighting back against this federal abuse of power just like we are,” she said in a statement. “I stand by the integrity and professionalism of Maine’s dedicated state election officials.”
She also accused the DOJ of lying with its claim that her office shared the information it was requesting with a private organization.
Read, also a Democrat, said his office is committed to protecting voter privacy from the federal attempt at oversight.
“If the President wants to use the DOJ to go after his political opponents and undermine our elections, I look forward to seeing them in court,” Read said in a statement.
“I stand by my oath to the people of Oregon, and I will protect their rights and privacy.”
Neither of the two state offices responded to a request for comment by publication time.
The lawsuit against Maine comes after the Republican National Committee filed a complaint last week with the Justice Department alleging that Bellows refused to provide adequate information about how the state maintains its voter rolls.
Earlier this month, state officials in North Carolina acknowledged in a settlement with the DOJ that they had not collected from some voters a driver’s license number or another identifying number, as required by the Help America Vote Act of 2002.
Officials said they would remedy this by collecting the information required under federal law from registered voters.
Trump said on Aug. 30 that he would sign an executive order that would require a voter ID to vote.
Tyler Durden
Thu, 09/18/2025 - 12:45 Close
Thu, 18 Sep 2025 16:25:00 +0000 Trump Files Emergency Request With Supreme Court To Make Lisa Cook Fired Again
Trump Files Emergency Request With Supreme Court To Make Lisa Cook Fired Again
The Trump administration filed an emergency request with the Supreme Court on Thursday to allow it to remove Federal Reserve Governor Li
Read more.....
Trump Files Emergency Request With Supreme Court To Make Lisa Cook Fired Again
The Trump administration filed an emergency request with the Supreme Court on Thursday to allow it to remove Federal Reserve Governor Lisa Cook from the central bank's board while a lawsuit plays out in lower court over Cook's ouster by President Trump last month.
The request comes after a federal appeals court in Washington DC rejected the administration's attempt to remove an order blocking Cook's removal in a 2-1 decision the night before the Fed's meeting earlier this week.
"This application involves yet another case of improper judicial interference with the President’s removal authority — here, interference with the President’s authority to remove members of the Federal Reserve Board of Governors for cause," wrote the administration’s lawyer, Solicitor General John Sauer.
According to court filings, the Trump administration maintains that Cook committed mortgage fraud based on evidence provided by Federal Housing Finance Agency director Bill Pulte - which showed that Cook claimed two properties as her primary residence within weeks of each other.
On Aug. 25 , Trump announced that he was firing Cook from the seven-member Fed Board. Cook sued in response, resulting in a federal district court on Sept. 9 barring her removal while the suit plays out - which the appeals court upheld.
Sauer says that the Supreme Court, for various reasons, should stay the district court judge's preliminary injunction reinstating Cook to the Fed, claiming that the DOJ is likely to prevail in the lawsuit "because Cook lacks a Fifth Amendment property interest in her continued service as a Governor of the Federal Reserve System," and her job is not protected by due process considerations.
Sauer also disputed the judge's alternative finding that Cook's firing "for cause" was invalid because the alleged conduct occurred before she was appointed to the Fed.
"The Federal Reserve Act’s broad ‘for cause’ provision rules out removal for no reason at all, or for policy disagreement," he wrote, adding "But so long as the President identifies a cause , the determination of ‘some cause relating to the conduct, ability, fitness, or competence of the officer’ is within the President’s unreviewable discretion."
"Cook had made contradictory representations in two mortgage agreements a short time apart, claiming that both a property in Michigan and a property in Georgia would simultaneously serve as her principal residence," Sauer continued. "Each mortgage agreement described the representation as material to the lender, reflecting the reality that lenders usually offer lower interest rates for principal-residence mortgages because they view such mortgages as less risky."
"When her apparent misconduct came to light, the President determined that Cook’s ‘deceitful and potentially criminal conduct in a financial matter’ renders her unfit to continue serving on the Federal Reserve Board, and at a minimum demonstrates ‘the sort of gross negligence in financial transactions that calls into question [her] competence and trustworthiness as a financial regulator. "
Sauer also says that the district court judge "lacked authority to order reinstatement as an equitable remedy for the removal of an officer of the United States, as we have discussed in several recent stay applications."
Cook has denied wrongdoing, and has argued that unproven allegations are not sufficient grounds for removing the Biden appointee.
Click pic. Buy beef. Receive beef next Wednesday. Rejoice and subscribe for 5% off future orders.
Tyler Durden
Thu, 09/18/2025 - 12:25 Close
Thu, 18 Sep 2025 16:05:00 +0000 RFK Jr. Cannot Proceed With Overhaul Of Health Agencies, Court Rules
RFK Jr. Cannot Proceed With Overhaul Of Health Agencies, Court Rules
RFK Jr. Cannot Proceed With Overhaul Of Health Agencies, Court Rules
Authored by Melanie Sun via The Epoch Times,
A federal appeals court on Sept. 17 declined to lift a preliminary injunction blocking a plan by Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. to overhaul the department in line with the Trump administration’s policy priorities.
Attorneys general from 19 states and the District of Columbia filed a lawsuit in May challenging Kennedy’s restructuring of HHS, including layoffs and the reorganization of several agencies, arguing that the changes violate federal law and the U.S. Constitution.
On Wednesday, a three-judge panel of the Boston-based First U.S. Circuit Court of Appeals rejected the Trump administration’s claim that the states could not show they would be immediately harmed if the injunction were lifted pending an appeal. The panel noted that the lower court relied on hundreds of pages of testimony from state officials.
“The government does not explain how the district court clearly erred in crediting these uncontroverted facts,” the court said in an unsigned order.
Kennedy announced on March 27 that his department would “streamline the functions” of its federal workforce by consolidating subagencies, reducing the number of regional offices, and implementing a reduction-in-force plan that would impact 10,000 HHS employees. They were all offered buy-out options to incentivize them to quit ahead of the announced job cuts.
The restructuring plan looked to streamline 28 divisions into 15, and close half of the department’s 10 regional offices. Four HHS sub-agencies were named in the restructuring: the Centers for Disease Control and Prevention, the FDA’s Center for Tobacco Products, the Administration for Children and Families’ Office of Head Start, and the Office of the Assistant Secretary for Planning and Evaluation (ASPE).
Attorneys general filed a lawsuit in federal court in Rhode Island challenging the restructuring plan. Plaintiffs said the executive action violated the Administrative Procedure Act and exceeded the scope of executive authority, violating the Constitution’s separation of powers doctrine and appropriations clause.
They also pointed to potential harms their states would face if the executive action were allowed to proceed, saying their agencies would be unable to conduct sufficient laboratory testing or process critical health data needed to track infectious diseases and improve maternal and infant health outcomes. They added that the reforms would create financial strain, forcing the states to cover funding gaps left by the pullback in federal resources.
The Trump administration had argued that the states’ case rested on speculation about what harms they would suffer as a result of changes to department services, and that any challenges to the firings had to be pursued by the federal employees themselves before the Merit Systems Protection Board.
In July, the District Court for the District of Rhode Island granted a preliminary injunction to the plaintiffs.
U.S. District Judge Melissa DuBose ruled that the administration “does not have the authority to order, organize, or implement wholesale changes to the structure and function of the agencies created by Congress.”
Her injunction ordered the HHS to freeze its reduction-in-force and restructuring plans at the four agencies.
On Aug. 12, the government filed to temporarily lift the injunction, pending court proceedings.
In its appeal, the HHS said that the lower court ruling should be set aside as the lawsuit was functionally identical to two earlier cases in which the U.S. Supreme Court lifted orders requiring it to reinstate employees let go en masse at other agencies by the administration.
The Epoch Times contacted the HHS and the office of New York Attorney General Letitia James, which is spearheading the lawsuit, for comment but received no response by publication time.
HHS’s mandate is to “enhance the health and well-being of all Americans, by providing for effective health and human services and by fostering sound, sustained advances in the sciences underlying medicine, public health, and social services,” according to its website.
Tyler Durden
Thu, 09/18/2025 - 12:05 Close
Thu, 18 Sep 2025 15:25:00 +0000 Ben & Jerry's Co-founder Resigns After Conflict With Unilever Over Activism
Ben & Jerry's Co-founder Resigns After Conflict With Unilever Over Activism
Ben & Jerry's Co-founder Resigns After Conflict With Unilever Over Activism
Authored by Naveen Athrappully via The Epoch Times,
Jerry Greenfield, co-founder of the Ben & Jerry’s ice cream brand, has resigned from his role as the company’s brand ambassador after a public rift with parent entity Unilever.
In an open letter posted on social media on Sept. 17 by his business partner, Ben Cohen, Greenfield said the company had been silenced by Unilever.
“Standing up for the values of justice, equity, and our shared humanity has never been more important—and yet Ben & Jerry’s has been silenced, sidelined for fear of upsetting those in power. It’s easy to stand up and speak out when there’s nothing at risk,” Greenfield wrote.
“The real test of values is when times are challenging and you have something to lose.”
Ben & Jerry’s was founded in 1978. When Unilever acquired the brand in 2000, it “guaranteed” that Ben & Jerry’s would be allowed to pursue their values, the letter said, adding that this independence has instead been stifled.
Under Unilever’s ownership, Ben & Jerry’s has spoken on numerous social issues such as human rights, peace, and justice, he wrote.
“That independence existed in no small part because of the unique merger agreement Ben and I negotiated with Unilever—one that enshrined our social mission and values in the company’s governance structure in perpetuity,” Greenfield added.
Greenfield said it was “profoundly disappointing” to realize that this independence, which was the basis of the sale to Unilever, has now gone.
Greenfield’s departure comes at a time when The Magnum Ice Cream Company, under which Ben & Jerry’s operates as a wholly owned subsidiary, is pushing for a full demerger from Unilever.
Magnum, the largest ice cream company in the world, is a Unilever brand that currently operates as a standalone company. Magnum is expected to complete its full separation from Unilever in mid-November.
In an emailed statement to The Epoch Times, a spokesperson for The Magnum Ice Cream Company said they were “forever grateful” to Greenfield for co-founding Ben & Jerry’s and wished him well for his future endeavors.
“We disagree with his perspective and have sought to engage both co-founders in a constructive conversation on how to strengthen Ben & Jerry’s powerful values-based position in the world,” the spokesperson said.
“We remain committed to Ben & Jerry’s unique three-part mission—product, economic and social—and remain focused on carrying forward the legacy of peace, love, and ice cream of this iconic, much-loved brand. Ben & Jerry’s is a proud and thriving part of The Magnum Ice Cream Company and we look forward to further building on its success.”
The Epoch Times reached out to Ben & Jerry’s for comment, but did not receive a response by publication time.
Ben & Jerry’s, headquartered in South Burlington, Vermont, employs 501–1,000 workers, according to the company’s LinkedIn profile.
Israel Boycott Issue
Ben & Jerry’s activism has been a point of conflict with Unilever. In 2021, Ben & Jerry’s decided to stop selling ice cream in Israeli settlements located in East Jerusalem and the West Bank regions.
In 2022, Unilever settled the matter by selling Ben & Jerry’s Israeli business rights to a local company.
American ice cream makers Ben Cohen (L) and Jerry Greenfield (R), founders of the brand Ben & Jerry's, give out ice creams for free at their store in Amsterdam on Feb. 22, 2010. Ade Johnson/AFP/Getty Images
In November last year, Ben & Jerry’s filed a lawsuit against Unilever, alleging that the parent company was suppressing free speech. In March, Ben & Jerry’s amended the complaint, accusing Unilever of removing the ice cream brand’s CEO, David Stever, in retaliation for the company’s activism.
“Social justice and human rights are core to Ben & Jerry’s DNA,” the company said in the complaint.
“For over four decades, the company has pursued its unique Social Mission via its public, progressive stances on issues such as migrant justice, LGBTQ+ rights, Black Lives Matter, GMO labeling, and a variety of other economic and social causes affecting historically marginalized communities.”
The lawsuit alleged that Unilever blocked Ben & Jerry’s attempts to issue public statements supporting peace and human rights related to the “ongoing humanitarian crisis in Gaza.”
Ben & Jerry’s activism has also triggered backlash from authorities.
In 2021, the New York State pension fund announced it was withdrawing $111 million worth of equity investments in Unilever following Ben & Jerry’s Israel boycott. Similar sanctions on Unilever were previously taken by U.S. states New Jersey, Arizona, and Florida.
In December 2023, the North Carolina Department of State Treasurer said that investments in Ben & Jerry’s and Unilever were prohibited due to the ice cream brand’s boycott of Israel.
Treasurer Dale R. Folwell ordered the department and the North Carolina Retirement Systems to divest $40 million in Unilever assets.
Ben & Jerry's co-founder Jerry Greenfield speaks at a news conference about mandatory GMO labeling in the United States, on Capitol Hill in Washington on July 10, 2014. Susan Walsh/AP Photo
“We have policies in place per state law that dictate how we should proceed on any holdings in the retirement system of companies that boycott Israel and their affiliates. We will follow our policies and the law,” Folwell said at the time.
“This is particularly important in this case as we have witnessed the atrocities perpetrated against the Israeli people. There is no place for antisemitism in this state or this country.”
In 2023, Ben & Jerry’s co-founder Cohen was arrested during a protest supporting WikiLeaks founder Julian Assange . He was sitting outside the Department of Justice building with other activists and was arrested for allegedly blocking the building entrance.
In 2016, Greenfield and Cohen were arrested while protesting on the steps of the U.S. Capitol Building.
“The history of our country is that nothing happens until people start putting their bodies on the line and risk getting arrested,” Cohen said in a company statement at the time.
Tyler Durden
Thu, 09/18/2025 - 11:25 Close
Thu, 18 Sep 2025 15:05:00 +0000 Britain Arrests 3 Alleged Russian Spies As Trump Visits
Britain Arrests 3 Alleged Russian Spies As Trump Visits
There is evidence of the continuing 'spy war' between Russia and the Western allies, and efforts to crack down on potential recruitment networks. British police announced Thur
Read more.....
Britain Arrests 3 Alleged Russian Spies As Trump Visits
There is evidence of the continuing 'spy war' between Russia and the Western allies, and efforts to crack down on potential recruitment networks. British police announced Thursday the arrest of three people on suspicion of spying for Russia , including a 41-year-old man, 46-year-old man and 35-year-old woman, in the county of Essex, northeast of London.
International media reports are highlighting that it comes just as President Trump is visiting the Royal Family: "The arrests also coincide with US President Donald Trump's state visit to the UK , a NATO ally , during which the topic of ending Russia's war in Ukraine is expected to be one of the top agenda items in bilateral talks with British Prime Minister Keir Starmer," Newsweek reports. "NATO allies have sounded the alarm over a rising number of Russian intelligence plots to carry out acts of sabotage inside their countries - some of which have been successful - as Moscow and the West clash over the war in Ukraine," the publication adds.
Essex, file image via BBC
Metropolitan Police Commander Dominic Murphy, Head of the Counter Terrorism Command, described to the press: "Through our recent national security casework, we’re seeing an increasing number of who we would describe as ‘proxies’ being recruited by foreign intelligence services ."
As is typical with British authorities very little information has been given on the case. What was disclosed is that the three were detained as part of a counter terrorist investigation into suspected National Security Act offenses.
And yet what investigators have on them can't be too bad or damaging, given media reports say they've already been released on conditional bail , pending further investigation. Two locations in Essex were searched by police.
The past couple years of war in Ukraine has been accompanied by 'sabotage acts' and mystery arson incidents across Europe, and also inside Russia. Many observers have said these incidents are part of a broadening covert shadow war targeting each side's industrial and military production infrastructure.
For example, citing British police in this latest alleged spy arrest, CNN notes that "Murphy cited a recent arson attack at a warehouse run by a Ukrainian man in Leyton – a town in east London – carried out by proxies on behalf of Russia’s Wagner Group , as an example of this. However, he stressed that Thursday’s arrests were not connected to that investigation."
Various European police and intelligence services have lately been warning their populations of Russian attempts to recruit so-called "disposable agents" through social media for espionage and sabotage .
Earlier this month, for example, German police and intelligence services allege these operations often involve untrained individuals committing acts like arson, property damage, or photographing or monitoring sensitive installations.
People are at first unwittingly recruited through online forums and popular social media sites, and as conversations proceed, targeted individuals are offered sums of money in return for carrying out criminal acts.
Telegram is one specific platform named by European authorities as being used by Russian intelligence to recruit unwitting actors. Interestingly, it was of course Telegram which lately came under suspicion and a far-reaching crackdown by French authorities, especially during last year's Pavel Durov arrest saga.
However, it's anything but certain whether the small group that Britain has rounded up are in fact spies, given in the past citizens of various countries have come under suspicion for having any links whatsoever to Russia or Russian citizens. It could just be timed to make a splash in the headlines amid Trump's state visit.
Tyler Durden
Thu, 09/18/2025 - 11:05 Close
Thu, 18 Sep 2025 14:45:00 +0000 Fed-dling While "Rome" Churns
Fed-dling While "Rome" Churns
By Michael Every of Rabobank
The Bank of Canada cut its policy rate 25bp to 2.50% as expected, largely attributing its decision to softer CPI data, a loosening labour market, and a more
Read more.....
Fed-dling While "Rome" Churns
By Michael Every of Rabobank
The Bank of Canada cut its policy rate 25bp to 2.50% as expected, largely attributing its decision to softer CPI data, a loosening labour market, and a more optimistic inflation outlook given PM Carney’s decision to repeal retaliatory tariffs on US goods. We are forecasting another 25bp cut in October and see the terminal rate at 2.25%. However, the risk to our view is skewed in favour of two more cuts this year over none. (See here for our full report.)
The Fed decision was also in line with expectations with a 25bp cut to 4.00 to 4.25%. (See here for our report.) There had been speculation as to whether the meeting would be riddled with dissent, but it only stemmed from new joiner Miran’s call for a 50bp move. The key takeaway from the accompanying statement was that “the Committee is attentive to the risks to both sides of its dual mandate…downside risks to employment have risen”. That said, Powell stated the -911K change in payrolls through to March 2025 was “almost exactly” what the Fed had expected. That’s either a good forecast or convenient given the Fed didn’t look like it saw it coming.
Looking ahead, the ‘dot plot’ averages a Fed Fund rate of 3.6% by end-2025 and 3.4% by end-2026, -0.3 and -0.2 from June, respectively. However, one board member is forecasting a 2025 year-end implied rate of 2.88, which would suggest 50bps cuts at the October and December meetings. Some are speculating this may be Miran, but that cannot be proven. When pressed, Powell replied that “a wide range of views is natural in the current situation.” We now forecast another 25bp cut at the October 29 meeting, and still see a terminal Fed Funds rate of 3.00%.
In the press conference, Powell had to deal with a battery of more political questions: one wonders if this is going to be something we see more regularly.
Notably, Powell’s tone and the FOMC statement was initially interpreted as dovish, invoking a 9bp dip in 2-year Treasury yields and 6bp in the 10-year. However, 10s ended higher on the day along with the 5Y-5Y forward inflation swap, pointing to rising inflation expectations as the Fed cuts into a stagflationary-esque environment. In the FX market, pre-Fed , the FT noted, ‘Foreign investors in US assets rush for protection against swings in dollar’, with a “sharp increase in hedging” amid a “broad rethink on exposure” – but USD dipped then rallied.
This Fed-dling of course took place as ‘Rome’ churns, rather than burns. Indeed, aside from political drama in D.C., in geopolitics:
The EU is reportedly to explore using €170bn of Russia’s frozen assets to fund Ukraine , and though some European capitals remain wary over a ‘reparation loans’ plan, the US is apparently also calling on the G-7 to do so. Recall the US took half of Afghanistan’s FX reserves in 2022 and some of Iraq’s in 2003, Iraq seized Kuwait’s in 1990, and the Nazis Czechoslovakia’s gold in the 1930s - but nothing has been done on this kind of scale before. It could jump start more discussion of diversification from the dollar and euro… but into what exactly?
That’s as US Senator Graham told Hungary and Slovakia to stop buying Russian oil --“I hope and expect them to step up to the plate soon to help us end this bloodbath. If not, consequences should and will follow.”—while the Wall Street Journal, in ‘Putin’s Polish Drone Incursion and the China Factor’ asks “Is the war in Ukraine being prolonged primarily to serve Beijing’s interests?”
The EU set out plans for partnership with India on trade, technology, security, defence, and climate, also including the India–Middle East–Europe Economic Corridor (IMEEC). However, as The Hindu notes, “India’s military exercises with Russia and its continued purchase of Russian oil are seen in Brussels as potential obstacles to the deepening of the relationship with New Delhi.”
Moreover, if the EU strikes a deal with India, it likely presages a US-India deal alongside it, not only in tariff and transshipment terms, but due to the IMEEC. Indeed, with Trump and PM Modi exchanging warm public greetings as the latter turned 75, it once again seems to be when we see US tariffs on India lowered, not if.
In the Middle East, the EU proposed sanctions and the partial suspension of its trade deal with Israel ; just as the latter announced the world’s first laser-based interception system , which could transform the economics of building the defensive shield Europe needs.
Moreover, as the Free Press describes ‘Why Trump Let Netanyahu Strike Hamas in Doha’ (“The US president and the Israeli prime minister have developed a good cop-bad cop routine”) Saudi Arabia signed a ‘strategic mutual defence’ pact with Pakistan , a sign of how rattled it was by the recent Israeli attack on Hamas leaders in Qatar. That underlines the urgency for the US to cement a broader Middle East geostrategic architecture like IMEEC; and that’s as Syria’s President Sharaa said security pact talks with Israel could yield results “in the coming days.”
In geoeconomics: China banned its tech companies from buying Nvidia’s AI chips, as Beijing steps up its efforts to boost semiconductor independence ; South Korean manufacturers outlined their plans to bolster U.S. shipbuilding (though the Hyundai plant in Georgia recently raided by ICE reportedly won’t see construction restart until 2026); and US tech giants urged Trump to push back on an Australian tax law they don’t like; and China is pushing for closer Southeast Asia trade links as it fends off US pressure.
In the specific geoeconomic of energy: Abu Dhabi’s Adnoc saw its $19bn bid for Santos fail, keeping a key energy firm in Aussie hands; the USTR is poised to tweak the looming penalty for carrying US LNG on Chinese-built ships as there aren’t enough alternative ships yet , and penalties would push up the price of its energy exports; and Bloomberg asks, ‘Why is China stockpiling so much oil?’ saying it’s “stirring conspiracy theories.” An understanding of statecraft would make clear this isn’t conspiratorial, just logical.
From a broader perspective, the ‘WTO chief finds hope in Trump’s trade disruption, sees chance for ‘reglobalization’ (SCMP). Okonjo-Iweala, acknowledging that global trade is “heavily dented”, nonetheless says the “opportunity is knocking at our door to do things differently”- yet didn’t supply any concrete answers on how to address the “supply imbalances” she admitted the global system currently produces.
From a national perspective -- that applies in many places -- former Bank of England chief economist Haldane says Labour must rethink its growth strategy “to curb the rise of the far right”, and left-behind communities need investment to stem the populist tide . He also didn’t supply any concrete answers as to how to do it: and his answers and the WTO’s need to join up, as laid out with iron logic by Pettis & Klein in ‘Trade Wars are Class Wars ’.
Tyler Durden
Thu, 09/18/2025 - 10:45 Close
Thu, 18 Sep 2025 14:25:00 +0000 New Report Reveals Soros' Open Society Funneled $80 Million To Pro-Terror Groups
New Report Reveals Soros' Open Society Funneled $80 Million To Pro-Terror Groups
New Report Reveals Soros' Open Society Funneled $80 Million To Pro-Terror Groups
The White House opened the week by declaring war on the radical left and its dark-money NGO network in the wake of Charlie Kirk's political assassination. President Trump and senior officials are zeroing in on George Soros' Open Society Foundations (OSF) empire, which they say has sown years of chaos nationwide, with Trump even hinting at potential RICO charges.
Remember Black Lives Matter's color-revolution-style operation that ignited riots across the nation in 2020 .
A new report from Capital Research Center (CRC), a think tank tracking foundations, charities, and other nonprofits, has revealed OSF - now run by George's ultra-leftist, radical son, Alexander - has funneled over $80 million into groups linked to terrorism or extremist violence.
CRC investigative researcher Ryan Mauro published the bombshell report titled "Soros' Open Society gave $80 million to pro-terror groups," and this may be the breakthrough in evidence the Trump team needs to prosecute OSF under RICO.
Mauro stated in the report:
Since 2016, George Soros's Open Society Foundations (OSF), now run with his son Alexander, has poured over $80 million into groups tied to terrorism or extremist violence . The evidence is stark : Open Society has sent millions of dollars into U.S.-based organizations that engage in " direct actions" that the FBI defines as domestic terrorism . These groups include the Center for Third World Organizing and its militant partner Ruckus Society, which trained activists in property destruction and sabotage during the 2020 riots, and the Sunrise Movement, which endorsed the Antifa-linked Stop Cop City campaign, in which activists currently face over 40 domestic terrorism charges and 60 racketeering indictments . At the same time, Open Society awarded $18 million to the Movement for Black Lives , a group that co-authored a radical guide that glorifies Hamas's October 7 massacre and instructs activists in the use of false IDs, blockades, and economic disruption.
Nor is the danger confined to America's streets. Open Society has funneled more than $2.3 million into Al-Haq, a nongovernmental organization (NGO) based in the West Bank and long accused of ties to the Popular Front for the Liberation of Palestine (PFLP) , which the European Union and the United States designate as a foreign terrorist organization. Grants to Al-Haq between 2016 and 2023 ranged from $400,000 in general support to an $800,000 institutional award. In September 2025, the U.S. State Department sanctioned Al-Haq, citing its role in advancing campaigns that "directly engaged in the [International Criminal Court's] illegitimate targeting of Israel." That means Soros's foundation has not only financed extremist groups within the United States but also funneled millions abroad to entities now formally sanctioned by Washington .
Mauro joined Glenn Beck to discuss the "smoking gun " evidence for potential RICO charges against OSF .
Related:
Deputy Chief of Staff for Policy and Homeland Security Advisor Stephen Miller declared war (read report ) on radical leftist groups.
As well as Vice President JD Vance...
And there's more.
Focus is also turning to Neville Roy Singham (read report ) ...
Tyler Durden
Thu, 09/18/2025 - 10:25 Close
Thu, 18 Sep 2025 14:05:00 +0000 Fetterman Blasts Democrat Colleagues For 'Inciting Violence'
Fetterman Blasts Democrat Colleagues For 'Inciting Violence'
Fetterman Blasts Democrat Colleagues For 'Inciting Violence'
Authored by Steve Watson via Modernity.news,
Democrat Senator John Fetterman has slammed his own colleagues in the Party, intimating that their rhetoric has incited violence and inspired the assassination of Charlie Kirk.
Once again Fetterman is an outlier as practically the only Democrat to call out his own party for labelling anyone and everyone they disagree with as a ‘fascist’ or a ‘Nazi’.
Speaking of Kirk on a Fox News interview, the Pennsylvania Senator urged “Don’t compare him to anyone! And if you do, you will incite somebody to say, ‘Well now, I feel like I have to take him out!'”
“People seem to have forgotten that the president took a shot to the head,” Fetterman continued.
“Can you imagine if that shot would have gone the way Charlie Kirk’s went?” He posited.
“What kind of condition our nation would be in?” Fetterman wondered.
No sooner than Fetterman had uttered these words did we get yet another prime example of what he’s talking about from another Democrat.
Stacey Abrams claimed that Trump is exploiting the assassination in order to stymie free speech and exert ‘authoritarian’ rule.
Every week Fetterman appears to be edging away from the Left, having expressed support for the Trump administration on several issues now.
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Tyler Durden
Thu, 09/18/2025 - 10:05 Close