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New Mexico Judge Slaps Meta With $567 Million Fine Over Youth Harm
A First Judicial District judge has ordered Meta to pay $567 million in additional penalties, citing the tech giant's role in fueling a youth mental health crisis. The ruling follows a March jury verdict, bringing the total financial burden for the company in New Mexico to nearly $1 billion.
New Mexico Jury Orders Meta to Pay $375 Million Over Child Safety
A New Mexico state jury has ordered Meta to pay $375 million in civil penalties, finding the social media giant liable for prioritizing profits over the safety of children. The verdict follows a seven-week trial where prosecutors argued that the company knowingly ignored internal warnings about the harm its platforms inflict on minors.
MaineHealth Closes Key Maternity Unit Amid Growing Rural Care Crisis
The MaineHealth board voted Thursday to shutter the labor and delivery department at Lincoln Hospital, effectively creating a maternity desert across three counties. The decision, which follows months of intense grassroots opposition, marks the 12th such closure in the state since 2015 and has reignited calls for nationalized healthcare reform.
US Treasury targets crypto exchanges over Iran sanctions evasion
The U.S. Treasury’s Office of Foreign Assets Control has sanctioned crypto exchanges Shelbit and Aban Tether, alleging they facilitated millions in illicit transactions for the Islamic Revolutionary Guard Corps. The move represents a significant escalation in Washington’s campaign to block Tehran’s access to international financial markets through digital assets.
Troy Jackson Accuses Susan Collins of Political Theater Over Blanche Vote
Democratic Senate candidate Troy Jackson is calling out Senator Susan Collins for what he describes as a calculated shell game. Jackson claims Collins' public opposition to the confirmation of Todd Blanche for attorney general is a hollow gesture designed to appeal to Maine voters without actually affecting the outcome.
CFTC cracks down on sports-betting style displays in prediction markets
The Commodity Futures Trading Commission has directed regulated prediction markets to abandon American-style gambling odds, signaling a hardening stance against platforms that mimic conventional sportsbooks. This regulatory push arrives as state authorities intensify legal efforts to classify event-based contracts as unlicensed betting, bypassing federal derivatives law.
SharpLink Challenges Ethereum Proposal to Eliminate Staking Rewards
SharpLink CEO Joseph Chalom has publicly opposed a proposal to phase out issuance-based staking rewards on the Ethereum network, warning that the move could erode the asset's institutional appeal and destabilize the broader decentralized finance ecosystem by effectively raising capital costs.
States Sue to Block Federal Wind Power Buyout
A coalition of seven state attorneys general launched a legal challenge Tuesday against the Trump administration, seeking to invalidate a $928 million taxpayer-funded agreement that incentivizes TotalEnergies to abandon major offshore wind projects in favor of fossil fuel infrastructure.
Trump Administration Halts Five Major Offshore Wind Projects
The U.S. Department of the Interior has ordered an immediate pause on five major offshore wind farms along the East Coast, citing national security concerns. Officials claim that turbine blades and reflective towers create radar interference, a move that critics describe as a calculated strike against the renewable energy sector.
Trump Administration Pays $1 Billion to Halt Offshore Wind Projects
The Trump administration has finalized a deal to pay nearly $1 billion to French energy giant TotalEnergies, effectively incentivizing the company to abandon its offshore wind leases. The agreement redirects the firm’s focus toward expanding fossil fuel production in states like Texas instead of developing renewable energy off the East Coast.
Senate Pushes CLARITY Act to September Amid Bipartisan Impasse
Senate Majority Leader John Thune has postponed the long-anticipated vote on the CLARITY Act until September, effectively ending efforts to move the crypto market structure bill before the August recess. The delay leaves critical questions regarding illicit finance, stablecoin regulation, and ethics oversight unresolved as negotiations continue through the break.
RWE Abandons Offshore Wind Projects in $1.22 Billion Settlement
German energy giant RWE has agreed to relinquish its offshore wind leases off the coasts of New York, California, and Louisiana, securing a $1.22 billion settlement with the U.S. Department of the Interior that effectively redirects the company’s capital toward fossil fuel infrastructure projects.
SpaceX Stock Surges 14% as Insider Selling Fears Dissipate
SpaceX shares climbed 14.09% to $131.06 on Friday, defying investor anxiety over a massive influx of newly eligible insider shares. The rally, which extended a 6.1% gain from the previous session, marks a significant recovery from August lows as the company successfully navigated its first major post-IPO lockup expiration.
Bybit Files Federal Lawsuit Against North Korea Over $1.5B Hack
In an unprecedented move to recover stolen assets, Bybit has launched a civil lawsuit in Washington, D.C., against the Democratic People’s Republic of Korea, its Reconnaissance General Bureau, and the notorious Lazarus Group following the record-breaking $1.5 billion cryptocurrency theft that crippled the exchange in February 2025.
Trump Administration Slashes Review Times for Fossil Fuel Projects
The Trump administration is fast-tracking oil and gas development by slashing federal review timelines to just 28 days, a move justified by the president’s declaration of a national energy emergency that critics argue bypasses essential public oversight and threatens protected lands across the United States.
DOJ Targets State Climate Laws Under Trump Energy Emergency Order
The U.S. Department of Justice launched a legal offensive against four states this week, citing a declared national energy emergency to block local efforts to hold fossil fuel giants accountable for climate-related damages. Critics describe the move as a strategic maneuver to shield industry players from rising state-level litigation.
US Renewable Energy Hits Record Highs Despite Federal Policy Rollbacks
Renewable energy production has reached historic milestones across the United States, defying a federal administration committed to dismantling clean power initiatives. In May, solar and wind power surged to unprecedented levels, with solar energy outpacing coal generation nationwide for the first time as several states reported renewables providing the majority of their electricity.
Solar Power Overtakes Coal in US Energy Milestone
In a significant shift for the American energy grid, solar power outpaced coal for the first time in May, supplying 12.8% of the nation's electricity compared to coal’s 12.2%. This milestone arrives despite a series of aggressive federal initiatives aimed at propping up the declining fossil fuel industry.
US Fossil Fuel Handouts Reach $34.8 Billion Under New Budget Law
A new report from Oil Change International reveals that the US government is funneling $34.8 billion into the fossil fuel industry this year, a figure poised to climb further due to the recent "One Big Beautiful Bill Act" signed by President Donald Trump.
Appeals Court Blocks Construction of Trump’s White House Ballroom
A federal appeals court ruled Friday that Donald Trump must halt most construction on his $400 million White House ballroom project. In a 2-1 decision, the court affirmed that the president acts as a temporary tenant of the executive residence and lacks the authority to modify the property without congressional approval.
Circle Deploys Native USDC and CCTP on OKX X Layer
Circle has integrated its native USDC stablecoin and Cross-Chain Transfer Protocol into X Layer, the Ethereum-compatible network developed by OKX. This shift enables developers and businesses to bypass traditional bridge structures, facilitating direct access to regulated dollar-pegged assets for DeFi, automated payments, and artificial intelligence-driven financial applications.
GOP Drops $1 Billion Ballroom Funding Amid Trump Pressure on Senate
A controversial $1 billion allocation for a White House ballroom project has been stripped from the upcoming budget reconciliation package, even as Donald Trump publicly demanded the dismissal of the Senate parliamentarian for blocking the expenditure in an initial ruling.
Cassidy Backs Blanche, Undercutting Collins' Symbolic Opposition
Republican Senator Bill Cassidy of Louisiana announced his support for Todd Blanche’s attorney general nomination on Friday, effectively neutralizing the opposition of Senator Susan Collins. By securing the necessary votes, Cassidy’s maneuver ensured that the public dissent from vulnerable GOP members remained largely symbolic rather than a genuine legislative roadblock.
Ansari Calls for Prosecution of Stephen Miller Over Citizenship Orders
Rep. Yassamin Ansari (D-Ariz.) is calling for an investigation into White House official Stephen Miller, labeling his latest executive push to restrict birthright citizenship an illegal act. The demand follows a new attempt by the administration to bypass Supreme Court rulings by narrowing the definitions of who qualifies for automatic citizenship.
Trezor User Reports Total Loss Following Google Phishing Ad
A cryptocurrency user identified as David claimed on August 7 that he lost his life savings after clicking a sponsored Google search result for "Trezor wallet." The advertisement led to a fraudulent website hosted on Google Sites, which prompted the victim to enter his private recovery phrase.
BTCPay Server Urges Immediate Patching Amid Active Exploitation
Attackers are actively exploiting a critical vulnerability in BTCPay Server that threatens to drain user funds. The project issued an emergency warning on Aug. 7, instructing all administrators to update their installations to version 2.4.2 immediately to prevent unauthorized access and potential financial loss.
AI Tool Blanket Bridges Small Business Risk and Event Markets
Small businesses facing volatile operational risks now have a new diagnostic tool in Blanket, an independent AI platform that maps corporate exposures—from energy spikes to election outcomes—to regulated event contracts on the Kalshi exchange, allowing firms to identify potential hedges for unpredictable external events.
Bernie Sanders Proposes 50% Tax on AI Giants to Create Public Wealth Fund
Senator Bernie Sanders plans to introduce legislation establishing a sovereign wealth fund, financed by a one-time 50% tax on major artificial intelligence firms like OpenAI and Anthropic. The proposed American AI Sovereign Wealth Fund Act aims to secure public ownership stakes in technology built on collective human labor.
AIPAC Stumbles in Illinois as Primary Spending Hits Record Highs
More than $92 million flooded Illinois primary elections this week, setting a state record for campaign spending. Amid this surge, the American Israel Public Affairs Committee failed to secure victories in its most expensive contests, highlighting growing friction between the lobbying group and the Democratic base.
Silicon Valley’s $125 Million Bet to Shape the Next Congress
With public skepticism of artificial intelligence surging, the industry’s primary super PAC, Leading the Future, has funneled $125 million into midterm races. A new tracker launched Wednesday by Demand Progress aims to expose which candidates are accepting these funds to block oversight and protect industry interests on Capitol Hill.