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On April 28, local time April 27, the 11th Review Conference of the Nuclear Non-Proliferation Treaty opened at the United Nations Headquarters in New York. In his speech, the UN Secretary-General warn

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BTC Breakout Soon—Guess & Win Millions HTXHTX Community April Creation ContestCC: Institutional Privacy L1 Israeli regulators approve shekel-pegged stablecoin Israel’s Capital Market, Insurance and Sa

BTC Breakout Soon—Guess & Win Millions HTX



Israeli regulators approve shekel-pegged stablecoin

Israel’s Capital Market, Insurance and Savings Authority has greenlit the launch of a shekel-pegged stablecoin by the virtual exchange exchange Bits of Gold.

In a Monday notice, the Israeli regulator said that it had granted approval of the BILS stablecoin after a two-year pilot program of the stablecoin on the Solana blockchain.

Source: LinkedIn

According to the announcement, the stablecoin’s reserve assets will be held in Israel in “designated and separate accounts.” The project was part of a larger effort by the Israel Tax Authority and the country’s Finance ministry to regulate the crypto industry, including by allowing certain stablecoin activities.

“BILS creates a direct bridge between the Israeli shekel and the global digital assets economy, enabling real-time payments, on-chain trading and programmable financial applications based on a regulated local currency,“ said Bits of Gold founder and CEO Youval Rouach.

As of Monday, the global stablecoin market capitalization was more than $320 billion, dominated by US dollar-pegged stablecoins like Tether's USDt (USDT).

The launch of BILS, as one of the first Israeli shekel-pegged coins, came as the fiat currency was at a 30-year high against the US dollar, at 1 ILS to 0.34 USD at the time of publication.

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Israeli regulators approve shekel-pegged stablec

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BTC Breakout Soon—Guess & Win Millions HTXHTX Community April Creation ContestDaily 5K USDT Airdrop - Join & Win!The U.S. Department of Justice has officially ended its investigation into Federal Rese

The U.S. Department of Justice has officially ended its investigation into Federal Reserve Chair Jerome Powell, a decision announced by U.S. Attorney Jeanine Pirro that could significantly impact the future leadership of the central bank. The move removes a major hurdle to the potential confirmation of Kevin Warsh, former Fed governor and President Donald Trump’s nominee to replace Powell.The investigation centered on rising renovation costs tied to the Federal Reserve’s Washington, D.C. headquarters. Originally budgeted years ago, the project has grown to approximately $2.46 billion—about $1.1 billion above initial estimates—largely due to inflation-driven increases in labor and material costs. Despite these concerns, a federal judge previously blocked DOJ subpoenas, citing a lack of evidence and suggesting the probe may have been politically motivated.Pirro stated that instead of continuing the DOJ inquiry, the matter will now be handled by the Federal Reserve’s Office of Inspector General (OIG), which has already been reviewing the renovation project since mid-2025. The OIG is expected to release a comprehensive report that will address concerns over cost overruns and project management.The decision to drop the investigation may help resolve political tensions that had stalled Warsh’s confirmation. Republican Senator Thom Tillis had refused to support Warsh while the probe remained active, calling it unfounded. With the DOJ stepping back, support for Warsh could increase, potentially clearing the path for his confirmation before Powell’s term as Fed chair ends in mid-May.Powell, however, has indicated he will remain on the Federal Reserve Board until the review process is fully completed with transparency. Meanwhile, the White House has expressed confidence that the inspector general’s findings will bring clarity and allow the Senate to move forw

The U.S. Department of Justice has officially ende

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