The New York Times is once again suing the Pentagon over its press rules, this time challenging a policy implemented in March that requires reporters to be escorted by Defense Department officials. In a lawsuit filed Monday, The New York Times argues the rules are “patently retaliatory, utterly unreasonable, and manifestly arbitrary and capricious.” The lawsuit is the latest development in the fight over press access at the Pentagon during the second Trump administration. Last fall, the Defense Department asked members of the press corps to agree to a new policy or “lose access to press credentials and Pentagon workspaces,”…

In brief Tether has acquired SoftBank’s stake in Twenty One Capital (XXI), completely removing the Japanese tech giant from the venture. Shares that SoftBank purchased for nearly $1 billion last year were valued around $711 million on Wednesday. SoftBank’s departure forced the immediate resignation of its board designees, leaving XXI temporarily non-compliant with NYSE rules. Tether signaled on Wednesday that it is consolidating control over Twenty One Capital (XXI), a Bitcoin-buying firm co-founded by the stablecoin giant last year, by acquiring shares held by Japanese investment firm SoftBank—one of XXI’s biggest initial backers.The leading stablecoin issuer has purchased 89.1 million…

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