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Industry

U.S. Supreme Court again delays ruling on legality of Trump's tariffs

The U.S. Supreme Court did not issue a ruling on Jan. 20 on whether President Donald Trump’s reciprocal tariffs are legal. It handed down decisions in only three cases, including a medical lawsuit, and the tariff case was not included. The court also did not release a schedule. A dispute centers on whether a president can exercise taxation powers, an authority of Congress, without limit on national security grounds. Importers have challenged the measures in court.

Crypto

Noble Protocol ends Cosmos appchain, to relaunch as EVM-based layer 1

Stablecoin-focused Noble Protocol will end its Cosmos SDK-based appchain and transition to an independent EVM-based layer 1 blockchain, The Block reported on Jan. 20. Noble plans to expand infrastructure for stablecoins and foreign exchange trading through the new EVM chain. Founder Jelena Djuric said Cosmos was a good starting point but it is time to move to EVM, while keeping short-term support for the existing Cosmos chain.

Crypto

SVM-based blockchain Solayer to launch $35 million ecosystem fund

Layer 1 blockchain Solayer plans to launch a $35 million ecosystem fund, The Block reported on Jan. 20. The fund aims to support ultra-fast blockchain scaling using the InfiniSVM engine based on the Solana Virtual Machine, the report said. Solayer said it processed 330,000 transactions per second on its alpha mainnet and achieved 400-millisecond finality. It plans to prioritise projects with clear revenue models.