March 14 — A federal judge has rejected a subpoena targeting the Federal Reserve, but U.S. Attorney General Piro vowed to press ahead with his investigation of Fed Chair Jerome Powell. The probe could delay the confirmation of Powell’s designated successor, Kevin Wash, whose term ends in May. U.S. District Judge James Boasberg ruled the government failed to produce any evidence justifying the subpoena, which stemmed from renovations at the Fed’s headquarters and Powell’s comments on the project. Piro slammed the ruling, saying, “This process was arbitrarily derailed by a radical judge. It should have been routine, but it wasn’t. This is truly shameful.” Senate Banking Committee member Thom Tillis warned he will block any Fed chair nomination as long as the Justice Department’s investigation into Powell remains active. “This ruling confirms how weak and baseless the criminal probe of Chair Powell is—it’s just a failed attack on the Fed’s independence,” Tillis said. “An appeal w

On the evening of March 13 (U.S. Eastern Time), U.S. President Donald Trump posted on social media stating that U.S. Central Command had "just" bombed Iran’s oil export hub Kharg Island, "completely destroying all military targets on the island." Trump noted he opted not to strike the island’s oil infrastructure, but threatened that if Iran or any other nation interferes with safe shipping in the Strait of Hormuz in any way, "I will immediately reconsider this decision."

March 14th – Meta is planning large-scale layoffs that could impact 20% or more of its workforce, as the company aims to offset costs tied to its high-stakes AI infrastructure investments and prepare to boost efficiency for AI-assisted employees, foreign media reported citing unnamed sources. The layoff timeline remains unconfirmed, and the final scale is not finalized. If the 20% cut rate is confirmed, the layoffs would mark Meta’s most significant workforce reduction since its "Efficiency Year" restructuring, which occurred between late 2022 and early 2023, the sources added. (Jinse)

As of March 14th, Coinglass data shows total crypto liquidations over the past 24 hours hit $415 million—$108 million from long positions and $307 million from short positions. Globally, 102,514 users were liquidated. The largest single liquidation was $4.033 million on the Aster-SOLUSDT trading pair.

March 14 — Per Lookonchain data, wallets linked to Cumberland have withdrawn 23,000 ETH (roughly $50.1 million) from Binance and Coinbase over the past two hours.

March 13: Spot silver has dropped more than 4% intraday, per Bitget market data, and is currently trading at $80.52 an ounce.