The US Department of Justice is investigating Federal Reserve Chairman Jerome Powell for allegedly misallocating funds during office building renovations. Powell claims it’s politically motivated and a result of setting interest rates independently from Trump’s preferences. Trump has criticized the Fed’s budget and interest rates in the past.

Coinbase has paused fiat services in Argentina after a review of operations. Users won’t be able to buy or sell USDC with pesos or withdraw funds to local bank accounts. Ana Gabriela Ojeda noted the challenges of working with local currencies in volatile markets. Attendees of NFT Paris will be refunded.

Wyoming has launched its own stablecoin, FRNT, available on the Solana blockchain. Other states, like North Dakota, have expressed interest in creating stablecoins backed by US Treasurys. State stablecoins offer stability and lower fees for transfers. Italian regulators are warning financial influencers about promoting volatile assets like cryptocurrencies.

Moldova plans to align its crypto laws with the EU’s MiCA regulations. The new legal framework will allow citizens to hold and trade crypto but won’t recognize it as a means of payment. The central bank has cautioned against the risks of crypto, viewing it as a speculative domain. Gavrilita expects the legislation this year. 1. The stock market surged today with the S&P 500 reaching a record high of 4,500 points. This increase was driven by strong performances from tech and healthcare sectors, with companies like Apple and Pfizer leading the way.

2. In other news, the unemployment rate dropped to 5.2% last month, the lowest it has been since the start of the pandemic. This is a positive sign for the economy as more people are returning to work and consumer confidence is on the rise.

3. The housing market continues to be hot, with home prices rising 17% compared to last year. Low mortgage rates and high demand are fueling this trend, making it a great time for sellers but challenging for buyers looking for affordable options.

4. On the international front, tensions are rising between Russia and Ukraine as Russian troops amass near the border. The U.S. and European allies are closely monitoring the situation and calling for a peaceful resolution to avoid any escalation of conflict.

Read more at cointelegraph.com: Trump Moves on Fed, NFT Paris Cancelled: Global Express