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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.
Greg Casar Calls for Democratic Split from AI Industry Lobbying
Comparing the influence of AI lobbyists to the American Israel Public Affairs Committee, Representative Greg Casar is urging fellow Democrats to reject campaign funds from tech-backed super PACs and is pushing a new legislative effort to defend American workers against AI-induced unemployment.
Illinois Candidates Allege Secretive AIPAC Spending in Primary Races
Progressive congressional candidates in Illinois have accused AIPAC of deploying stealth tactics to influence local races, alleging the pro-Israel lobby is funneling money through shell organizations to avoid the political toxicity now associated with its brand among Democratic voters.
Washington Democrats Join 'Uncommitted' Push to Challenge Biden on Gaza
With primary ballots open in Washington and Georgia, a growing contingent of Democratic voters is opting for 'uncommitted' or blank ballots to protest the Biden administration’s military support for Israel, signaling deepening fractures within the party over the humanitarian crisis in the Gaza Strip.
DNC Chair Ken Martin Faces Heat Over Buried 2024 Election Autopsy
Democratic National Committee Chair Ken Martin faced intense scrutiny on Tuesday regarding his refusal to publish a comprehensive post-mortem of the party’s 2024 election defeat. Despite prior promises of transparency, Martin continues to withhold the report, claiming that public disclosure would be counterproductive to the party's future strategic goals.
DNC Autopsy Author Withheld Findings on Gaza's Role in Harris Loss
When the Democratic National Committee finally released its 2024 election autopsy in May, the report pointedly ignored the political fallout from the Biden-Harris administration’s Gaza policy. Now, the document's author, Paul Rivera, has confirmed he did analyze the issue but deliberately excluded those findings from the official submission to party leadership.
Firmus secures $2 billion to accelerate Asia-Pacific AI infrastructure
A former Bitcoin miner is pivoting aggressively into the high-stakes world of artificial intelligence, raising $2 billion in fresh equity to push its valuation past the $10.5 billion mark. The capital infusion will bankroll massive AI factory projects across Australia and fuel new expansion efforts into Indonesia.
WhiteBIT brings automated trading bots to UK retail market
WhiteBIT has rolled out its Spot Grid and Martingale DCA bots to users in the United Kingdom, offering automated strategies within a regulatory environment that strictly limits retail access to crypto derivatives. The tools provide hands-off execution for spot market participants while bypassing the leverage restrictions imposed by the Financial Conduct Authority.