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Specialized unveils new Turbo Levo 4 X electric mountain bike with cargo racks

Specialized has unveiled the Turbo Levo 4 X, a full-suspension electric mountain bike that combines off-road performance with cargo-carrying capability. Based on the Turbo Levo 4, it integrates front and rear cargo racks aimed at electric overlanding demand. It uses an S-Works 3.1 mid-drive motor rated at 850W and 111Nm, with an 840Wh battery for up to 4.4 hours. The bike weighs about 27.25 kg and is priced at $11,999.

Crypto

U.S. community banks launch campaign against Clarity bill over stablecoin rewards

The U.S. community banking industry has launched a public campaign against the Clarity bill, a crypto market-structure measure under discussion in the Senate. The Independent Community Bankers of America said allowing yields or rewards on stablecoin holdings could trigger $1.3 trillion in deposit outflows and cut loans by $850 billion. The Senate Banking Committee advanced the bill on May 15. Crypto industry groups rejected ICBA’s claims, while passage remains uncertain.

Crypto

FTX founder Sam Bankman-Fried seeks official pardon from Trump administration

FTX co-founder Sam Bankman-Fried has formally requested a pardon from the Trump administration, filing an application under the U.S. Justice Department’s pardon attorney process, Decrypt reported. Bankman-Fried is serving a 25-year prison sentence after a 2024 conviction for fraud and conspiracy. The reasons for his request have not been confirmed because the filing is confidential. He has said he would accept a pardon if offered.