Jed Carpenter

Last night, U.S. forces executed a large-scale precision strike on Kharg Island, Iran. The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites. U.S. forces successfully struck more than 90 Iranian military targets on Kharg Island, while preserving the oil infrastructure.

New: The White House wanted a deal on stablecoin yield done by this weekend. Will that happen? No, a banking source with direct involvement tells me. "Patrick Witt made the unfortunate error of going out to the press and saying he'd get this done before March. It's not going to get done before March," the source said. The crypto and bank lobbies are still far apart on the issue of yield, which is holding up a crypto market structure bill. "Is there language circulating? Yes. Is the language close? No," the source said. "We're not close to a bill." "I think that there's a very real likelihood that this thing falls apart unless Brian Armstrong comes to the table," the source added, referring to the Coinbase CEO, who has been adamant that stablecoins can generate yield for users. The source emphasized that the banks want a deal here, but figure chances of passage could drop to near-zero in the next month.

French President Macron: I do believe in free speech. But what does it mean? Free speech means I will listen to you, you will listen to me, and we are in an equal relationship. A lot of people defending free speech do it based on algorithms without any transparency, with a lot of bias, and with their own political agenda. It's not free speech. And when people clearly help hate speech, racist speech to be spread all over the place, it's not about free speech. It's a jungle. I really believe in free speech based on respect and transparency.

BREAKING: Kim Jong Un is set to formally name his daughter, Kim Ju Ae, as North Korea’s next leader.