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July 07, 2026 Federal Reserve Board requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs For release at 3:00 p.m. EDT The Federal Reserve Board on Tuesday requested comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs. The amendments are intended to align with changes to anti-money laundering program requirements separately proposed by four other agencies. Among other changes, the proposal would require banks to focus their anti-money laundering resources based on risk, with more attention given to higher-risk customers and activities. The proposed amendments…

Binance-backed BNB Chain is restructuring its underlying architecture and setting a long-term goal of processing 1 million transactions per second while integrating protocol-level privacy.The strategic pivot aims to capture two distinct yet demanding emerging markets: traditional financial institutions and the nascent sector of autonomous artificial intelligence agents.This aggressive technical roadmap arrives at a critical juncture for the network, which has faced notable headwinds in the past year.Data from CryptoSlate shows that the network’s native token, BNB, has tumbled more than 35% this year to $563, its lowest valuation since October 2024.Furthermore, its network activity has also trailed some rivals, with…

Jeans maker raises its full-year outlook for the second straight time, but shares fall after hours

The landscape of DeFi and blockchain technology is changing at a breakneck pace, making it vital to grasp its underlying structures.Wyoming’s DUNA framework stands out as a key innovation in this space, drawing interest for its ability to support organizational models and cause-based tokens. Platforms like Wyde are already utilizing this specific legal architecture to power their initiatives.Wyde’s platform enables groups to launch digital assets – “cause coins” – leverages the DUNA framework to create legally compliant, community-governed organizations centered around social causes like ending hunger, homelessness or supporting cancer research. Transaction fees from cause coin trading are partially directed…

RBI measures are so far proving less effective than they were in 2013.

Key PointsIn February, when AMD’s stock price was dropping, Cathie Wood scooped up $28 million worth of shares. Ark then sold off more than $8 million worth of AMD stock on July 6. On the day it sold AMD, Ark invested $5.6 million into another company. 10 stocks we like better than Advanced Micro Devices ›On July 6, Cathie Wood was busy with her Ark empire, selling several positions and buying others. One particularly notable trade reported on the day was Advanced Micro Devices (NASDAQ: AMD).Through Ark Innovation, Wood sold over 15,000 shares of AMD, which were valued at more…

The Treasury has as yet carried out no analysis of the trade-offs necessary for the UK to hit the 3.5% of GDP defence spending promise made to Nato, chief secretary Lucy Rigby has said.Under robust questioning in a joint session of the Treasury and defence select committees on Wednesday, Rigby repeatedly said that how to fund additional defence spending would be a matter for “the next prime minister”.Keir Starmer, who is attending his last Nato summit in Ankara, Turkey, has promised the UK will hit the 3.5% target by 2035.The failure to set out a future spending path was among…

Folarin Balogun of the United States shoots during the FIFA World Cup 2026 Round of 16 match between USA and Belgium in Seattle, Washington, July 6, 2026.Mb Media | Getty Images Sport | Getty ImagesAs the FIFA World Cup captures massive global audiences, media companies are preparing to pay billions for the rights to the next two men’s tournaments. Netflix, Disney and Alphabet’s YouTube are all interested in challenging Fox for the U.S. broadcast rights to the 2030 and 2034 World Cup, according to people familiar with the matter. Amazon, which currently owns UEFA Champions League rights in the U.K.,…

BonkDAO says it has alerted law enforcement about the treasury drain and is coordinating with exchanges to manage the situation. An anonymous wallet spent $4.4 million buying BONK tokens over two days, then used that stash to push through a governance vote that allowed it to drain $21.2 million from the BonkDAO treasury. The incident, which saw the attacker walk away with a $16.8 million profit, has split the crypto community between those calling it a theft and those insisting the DAO did exactly what it was built to do. How the Vote Went Through According to blockchain analytics…

The shipping industry has remained surprisingly resilient despite ongoing macroeconomic uncertainty and shifting global trade patterns.While container freight rates have retreated from the record highs reached during the pandemic-driven supply chain bottlenecks, many shipping companies continue to benefit from disciplined fleet management and improving global trade activity.More importantly for investors, Wall Street analysts have become increasingly optimistic on select names, leading to positive earnings estimate revisions. The optimism is supported by strong industry fundamentals, with it noteworthy that the Zacks Transportation-Shipping Industry is currently in the top 18% of over 240 Zacks industries.Among the industry’s most compelling opportunities are Euroseas (ESEA) and…