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Technology

John Turnus to take over as Apple CEO ahead of peak season, raising questions over timing

Apple will formally appoint John Turnus as its new chief executive officer on Sept. 1, placing the leadership change just ahead of the annual September product event and the year-end peak sales season. Turnus is likely to appear at the September launch, where a foldable iPhone has been floated. He has increased his public profile and is credited internally with iPad performance, battery and reliability improvements.

Crypto

U.S. banks face May 1 deadline to comment on OCC stablecoin rules

U.S. banks have until May 1 to submit views on the Office of the Comptroller of the Currency’s proposed rules tied to the GENIUS bill. The draft lays out reserve standards, custody rules, capital requirements and supervisory authority, and would require federal approval for issuers with more than $10 billion in stablecoins outstanding. Smaller issuers could operate under state frameworks certified by the Treasury, the Federal Reserve and the FDIC.

Crypto

Bitcoin dominance reclaims 60 percent, dimming expectations for a 2026 altcoin season

Bitcoin dominance climbed to 60.66 percent, weakening expectations of a fund rotation into altcoins. BeInCrypto reported that dominance broke above 60 percent last week, ending an eight-month accumulation phase. Charts show dominance testing resistance near 61 percent, with RSI and MACD indicating rising momentum. Some warn that a move above 61 percent or a rise to 66.06 percent could worsen pressure on altcoins. Analysts cited mixed signals for any altcoin season.