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These are slam-dunk sales.

Dozens of workers have swarmed LeBron James' Beverly Hills property to help erect the Lakers superstar's dream home.

The victim was knifed in the stomach inside the building on West 23rd Street near Seventh Avenue around 11:40 p.m, which houses Selis Manor and the Associated Blind Foundation, police said. 

Ivory Coast striker Elye Wahi is back in contention to face Germany after a sudden Canada visa reversal amid an ongoing betting investigation.

US Company Gets Approval To Build The World's First Fusion Power Plant In Washington

Authored by Ameya Paleja via Interesting Engineering,

US-based fusion energy company Helion has received the regulatory clearances to build the world's first fusion energy power plant. The company has received a Radioactive Materials License (RML) and a Radioactive Air Emissions License (RAEL) from the Washington Department of Health (DOH), clearing the way to begin construction of the generator building at the power plant site.

Helion's Orion reactor is set to be the world's first fusion power plant.Helion Energy

As the world looks for newer ways to meet it energy demands without emitting carbon, fusion energy seems to be the most likely option. Using the chemical reaction that occurs on the Sun, fusion energy can potentially generate large amounts of energy from simpler atoms like hydrogen and its isotopes.

Unlike its counterpart, nuclear fission, fusion energy does not produce large amounts of radioactive waste that need to be stored safely. Moreover, unlike renewables like wind and solar, fusion energy plants can work on demand, meeting energy requirements as they arise, without the investments required in energy storage too.

Commercializing Nuclear Fusion

For all its benefits, nuclear fusion is still not a commercially available technology because the fusion reactors have not been able to generate more energy than they consume. Washington-state-based Helion Energy, though, is confident that it can achieve this fairly soon.

While it has not yet published any peer-reviewed papers demonstrating how its fusion reactor works, the company is proceeding to build a fusion reactor that it will deploy commercially. It also has an agreement in place with Microsoft to supply 50 MW of power to a data center from its fusion reactor by 2028.

The facility dubbed Orion is under construction in Malaga, Washington state and recently became the first such facility in the world to secure regulatory licenses to construct the nuclear plant. So far, the assembly and office building of the plant were completed but the recent grant of licenses from the DOH allows Helion to begin constructing the reactor as well.

Why Is NRC Not Involved?

As a nuclear energy company, Helion should ideally be seeking approval from the US Nuclear Regulatory Commission (NRC). However, the NRC regulates nuclear fusion under the byproduct material framework, putting it in the same category for approvals as particle accelerators and hospitals, instead of nuclear reactors.

This is not just a distinction made by the NRC but one also ratified by the US Congress in the ADVANCE Act of 2024, and it shows that nuclear fusion has a very different safety profile from fission and hence its path to deployment is also different.

The issuance of the RML and RAEL licenses by the Washington DOH is a major milestone for Helion as it confirms that it has facilities, personnel, and safety programs that meet the safety standards for a fusion facility at the Malaga site.

"We are extremely proud to be granted these licenses from the Washington DOH, making us the first company in the world with the regulatory approvals in place for fusion power plant operations," said David Kirtley, CEO of Helion Energy, in a press release shared with Interesting Engineering.

"We have a long history of working with the DOH to license our previous fusion activities. Today's announcement represents the rigor of that work and opens the door for practical, commercial, safe fusion power."

In addition to the approvals needed to build its reactor, Helion has also secured a transmission interconnection agreement with Chelan County Public Utility District that will enable energy generated from its fusion power plant to be supplied to the grid, a global first as well.

The question now is whether Helion will be able to meet its deadline to power Microsoft's data center by 2028 from its fusion power plant.

Tyler Durden Thu, 06/18/2026 - 15:25

The Manhattan-born Grammy winner brought down the house at City Hall as the city celebrated its first Knicks title in 53 years.

The Manhattan-born Grammy winner brought down the house at City Hall as the city celebrated its first Knicks title in 53 years.

Immigrants were far more bullish about the American dream, with adults born outside the US more likely than their American-born counterparts to be optimistic about their future.

The most serious charges each carry a maximum sentence of 20 years in prison if he is convicted.

"Those capital requirements help prevent catastrophe when the market takes a sharp turn for the worse," senior economist Joel Berner said.

From one Elle Woods to another, the 25-year-old dress is perfectly pink to honor the fictional character.

From one Elle Woods to another, the 25-year-old dress is perfectly pink to honor the fictional character.

Welcome to New York.

The A-listers came together for the opening ceremony of the Chicago-based campus.

The A-listers came together for the opening ceremony of the Chicago-based campus.

"Lilo & Stitch" star Daveigh Chase grew thinner and thinner throughout her final months struggling with addiction in Skid Row, an outreach worker told The Post.

The grand opening was a star-studded event that included musical performances from Christina Aguilera and John Legend.

The grand opening was a star-studded event that included musical performances from Christina Aguilera and John Legend.

Fed Moves To Close Stablecoin Loopholes With New Customer ID Rules

Authored by Micah Zimmermann via BitcoinMagazine.com,

The Federal Reserve proposed Thursday that payment stablecoin issuers maintain written customer identification programs, a move that signals Washington’s determination to bring digital asset markets under the same anti-money laundering discipline long applied to traditional banks — even as regulators race to finalize rules before a statutory deadline this coming January.

The proposal would require so-called permitted payment stablecoin issuers, or PPSIs, to collect from each new customer a legal name, date of birth or formation, physical address, and a government-issued identification number before opening an account. 

The Federal Reserve framework mirrors CIP obligations that banks, broker-dealers, mutual funds, and futures commission merchants have operated under for more than two decades. Regulators will take public feedback on the proposal for 60 days.

The Federal Reserve’s action follows a wave of rulemaking set in motion by the Genius Act — formally, the Guiding and Establishing National Innovation for U.S. Stablecoins Act — which President Trump signed into law in July 2025.

That landmark legislation created the first federal regulatory system for stablecoins, mandating 100% reserve backing with liquid assets and subjecting issuers to the Bank Secrecy Act for the first time. 

The statute requires stablecoin issuers to establish effective anti-money laundering, sanctions compliance, and customer identification programs. The Genius Act becomes effective on the earlier of January 18, 2027, or 120 days after primary federal regulators issue their final implementing rules.

Federal Reserve Governor cautions towards stablecoins

Federal Reserve Governor Michael Barr has emerged as the most vocal voice of caution within the regulatory apparatus, even as his colleagues have embraced digital assets with new openness. Speaking in March at a Federalist Society conference in Washington, Barr warned that stablecoins face material risks around reserve asset quality, regulatory arbitrage, anti-money laundering gaps, and financial stability — concerns he argued the Genius Act’s primary text does not resolve on its own. 

“While some digital asset service providers are subject to anti-money laundering and anti-terrorist financing requirements in their home jurisdiction, it is far too easy for bad actors to evade these restrictions and operate without detection when transacting in digital assets,” Barr said in a statement Thursday. 

Barr, who previously served as the Federal Reserve’s top bank cop, contends that detailed rulemaking remains the critical instrument for translating the statute’s intent into enforceable protections.

Thursday’s proposal is the latest in a dense sequence of rulemakings from multiple agencies. In April 2026, the Treasury Department’s Financial Crimes Enforcement Network and the Office of Foreign Assets Control issued a joint proposed rule requiring PPSIs to adopt written AML and countering-the-financing-of-terrorism programs and a full sanctions compliance framework. 

That rule would carve PPSIs out of the existing money services business category and treat them as a distinct class of BSA-covered financial institutions — a significant structural change, given FinCEN’s finding that roughly half of known stablecoin issuers have not registered as MSBs at all. 

The FDIC and OCC each issued their own notices of proposed rulemaking in parallel, covering licensing, reserves, capital requirements, and redemption standards. The CIP proposal announced Thursday is a separate, complementary rulemaking to those AML and sanctions rules.

Stablecoin rules and nuance

The proposed customer identification requirements carry technical nuance tailored to stablecoin markets. Unlike banks, a PPSI can face demands for direct redemption from token holders who acquired coins on the secondary market rather than through a direct issuance relationship. 

The proposal addresses this by defining an “account” to include that redemption event, meaning an individual who acquires a stablecoin on an exchange and later redeems it directly with the issuer would trigger CIP obligations at the moment of that interaction. 

Purely secondary market transactions in which the PPSI is not a direct counterparty — including transfers conducted via smart contract — would not constitute an account relationship under the proposed framework.

The timeline for finalization is tight. With the Genius Act’s effective date potentially arriving as early as 120 days after the agencies publish their final rules, the window for comment, revision, and adoption is compressed. Final CIP rules are not expected before 2027, which means the statute could take effect before its customer identification architecture is fully in place. 

Tyler Durden Thu, 06/18/2026 - 14:45

Romanch Mahajan, 18, and his family were in one of New York's iconic carriages when the horse suddenly bolted, sending his mother flying out.