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Tether Announces to Reduce Commercial Paper Holdings Amid Crypto Gloom

Tether, the world's largest stablecoin, has announced on Friday to cut its commercial paper holdings by around 58 percent as part of an earlier commitment to reduce its exposure to riskier assets. The...

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US Has Agreed To Send More Bombs, Warplanes To Israel: Report

The US in recent days authorized the transfer of billions of dollars worth of bombs and fighter jets to Israel, two sources familiar with the effort said on Friday, even as Washington publicly expresses concerns about an anticipated Israeli military offensive in Rafah. The new arms packages include more than 1,800 MK84 2,000-pound bombs and 500 MK82 500-pound bombs, said the sources, who confirmed a report in the Washington Post. Washington gives $3.8 billion in annual military assistance to Israel, its longtime ally. The package comes as Israel faces strong international criticism over its continued bombing campaign and ground offensive in Gaza and as some members of President Joe Biden's party call for him to cut US military aid. The United States has been rushing air defenses and munitions to Israel, but some Democrats and Arab American groups have criticized the Biden administration's steadfast support of Israel, which they say provides it with a sense of impunity. Bid...