Federal Reserve's Kashkari: While AI Does Have Practical Use Cases, Cryptocurrency Space Does Not

On November 25th, as per DL News, the St. Petersburg police in Russia made an arrest on November 22nd. A man was taken into custody. He had attempted to detonate a fake hand grenade inside the office of a cryptocurrency exchange with the aim of robbing the cryptocurrency assets. The police caught him at the exchange office. The St. Petersburg and Leningrad Region Interior Ministry announced that the suspect is a 21-year-old unemployed man from the Leningrad Region (District 47). A ministry spokesperson explained, "The man broke into the exchange office, set off two fake hand grenades and a smoke bomb. Then he demanded that the staff transfer all the exchange's cryptocurrency assets to his personal wallet." Fake hand grenades are commonly used in live-action airsoft games. These are team-based recreational activities where players use realistic simulated firearms and throw explosive devices filled with plastic pellets in simulated combat situations. The police stated that when the man

On November 25th, according to SolanaFloor, Bitcoin Capital declared that its regulated BONK ETP is set to be listed on the SIX Swiss Exchange on November 27, 2025, thereby offering European investors investment exposure tied to the Solana ecosystem meme coin BONK.

On November 25th, the WEEX exchange declared that WEEX has officially provided support for the Monad mainnet. Monad is a high-performance Layer 1 blockchain that is designed to overcome the scalability limitations of existing networks (especially Ethereum) while being fully compatible with the EVM. WEEX launched Monad (MON) for the first time across the entire network at 23:00 (UTC+8) on November 24th. Deposits became available starting from 21:00 (UTC+8) on November 24th, and withdrawals are scheduled to start at 23:00 (UTC+8) on November 25th.

On November 25th, "Fed's Megaphone" Nick Timiraos shared on social media that the upcoming Fed meeting is likely to be summed up with "WWJD" (What Will Jerome Decide - What decision will Jerome Powell make?). Currently, the ultimate decision-making power is more in Powell's hands than ever. Allies have created conditions for Powell to cut rates if he desires and then indicate that further rate cuts are not likely in the current context.

On November 25th, according to on-chain analyst Ai Yi (@ai_9684xtpa), nemorino.eth has begun to rebuild positions after incurring a loss of $1.804 million in the previous ETH price swing. Five hours ago, they spent 6 million USDC to purchase 2014.87 ETH on the blockchain, with an average cost of $2977.85 per ETH.

On November 25th, Smokey the Bera, a co-founder of Berachain, responded on social media to the report that Berachain was granted a $25 million refund right to Nova Digital in Series B funding. He stated that the information was "neither accurate nor complete." Smokey the Bera clarified the details of the investment agreement with Brevan Howard: A year ago, Brevan Howard, through its Abu Dhabi office's Nova Fund, co-led Berachain's Series B funding round with investment terms identical to those of other investors. Nova's compliance team requested additional terms to mitigate the risk of TGE failure and non-listing, resulting in the signing of an additional commercial agreement, which included a commitment to provide liquidity after the network launch. Smokey the Bera emphasized that Nova remains one of the largest token holders of Berachain and may even be the largest. Holding locked BERA tokens from the Series B funding round and liquid BERA tokens purchased from the open market, Nov