Category: 2-DailyNews

According to the U.S. Department of Justice (DOJ) Alex Mashinsky, the esteemed co-founder and former CEO of the now-defunct crypto lender Celsius, was apprehended in New York on Thursday. This arrest stems from a meticulous investigation into the intricate circumstances surrounding the company's unfortunate collapse.

Link to the Full Story: 

Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

Mashinsky, alongside his co-defendants, faces a comprehensive set of allegations encompassing seven charges, including securities fraud, commodities fraud, wire fraud, and conspiracy to manipulate the price of Celsius' token CEL, as outlined in a meticulously prepared indictment by the U.S. Department of Justice (DOJ). The weight of these accusations is further emphasized by the simultaneous filing of multiple independent lawsuits against Mashinsky and Celsius by prominent regulatory bodies such as the U.S. Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC).

Credits:  Wondercraft Voice AI and CoinDesk crypto regulation and policy reporter Sandali Handagama.

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Today’s show features a roundup of crime stories, from a Silk Road bitcoin wallet movement to former Celsius CEO Alex Mashinsky’s arrest.

Today's episode is sponsored by Kraken Pro.

Today's Stories:

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report

Celsius Network’s Alex Mashinsky Is Arrested as SEC, CFTC, FTC Sue Bankrupt Crypto Lender

Markets Links:

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch 

Bitcoin Options Traders Shrug Off Post-CPI Choppy Price Action

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Not investment advice. Some crypto products and markets are unregulated. The unpredictable nature of the cryptoasset markets can lead to loss of funds and profits may be subject to capital gains tax.

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This episode was hosted by George Kaloudis. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl. All original music by Doc Blust and Colin Mealey.

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No deal by the deadline. Hollywood actors could soon be on strike. Tornadoes near Chicago. Injuries during turbulent flight. CBS News Correspondent Steve Kathan has today's World News Roundup.

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When he was last elected, many were surprised, even in his own camp. This time around, his backers are taking no such chances. We take a closer look at his policy plans. China currently supplies nearly all the world’s processed critical minerals. Could Australia change that (10:52)? And, a reality TV show with a greenfingered twist (19:03). 

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer

Alabama

• Tuberville afraid Biden will fall down while at NATO summit
• 2 candidates in Montgomery mayoral race cite crime as big concern
• Chickasaw city council votes to terminate police chief, reason not known
• A shooting at Birmingham fire station injures two firefighters
• Homeowner in Magnolia Springs shoots and kills burglar
• Blount Cultural Park makes list of US places for marriage proposals

National

• Heated exchanges during  House hearing with FBI director Wray
• Strange media reactions re: movie that exposes child sex rings

The news to know for Thursday, July 13, 2023!

We're telling you what the latest inflation numbers show and what they could mean for interest rates. 

And the head of the FBI defended himself and his colleagues to lawmakers accusing the bureau of bias. 

Also, midnight was the deadline. We'll update you on what's happening with an actors' strike in Hollywood.

Plus, there's more intense weather forecasted across the country; Elon Musk hopes to rival ChatGPT with his latest venture; and a new report laid out what's being called a "stunning social change."

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A proposed Environmental Protection Agency rule that “would limit tailpipe emissions so that in order to comply, auto companies would have to sell 60% of new vehicles as electric by 2030” would adversely affect the safety of cars.

So says Diana Furchtgott-Roth, director of The Heritage Foundation’s Center for Energy, Climate, and Environment. (The Daily Signal is The Heritage Foundation’s news outlet.)

“Well, since [electric] vehicles are more expensive, people would postpone buying them. So, they would stay with their older cars, and newer cars have more safety features. If they get in an accident, they’re less likely to hurt the passenger,” Furchtgott-Roth says.

“So, because of that, you have increases in injuries and fatalities, if you make new cars more expensive. And that’s if you increase [Corporate Average Fuel Economy] standards for normal gasoline-powered vehicles, or you mandate electric vehicles,” she adds. According to the Department of Transportation, CAFE standards are fleetwide averages that must be achieved by each automaker for its car and truck fleet.

Furchtgott-Roth joins today’s episode of “The Daily Signal Podcast” to further discuss the Environmental Protection Agency’s proposed rule and what environmental benefits the EPA is hoping to accomplish in potentially implementing that rule, as well as the role that China plays in producing electric vehicles.

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Hot temperatures in the west. Vermont deals with flood waters. Ukraine receives aid but no NATO membership yet. CBS News Correspondent Jennifer Keiper has tonight's World News Roundup.

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