finance
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A viral post by @unusual_whales on x.com revealed that President Donald Trump recently disclosed purchases totaling over $20 million in municipal bonds (and some corporate bonds) through his trust, including large positions in issuers such as American Municipal Power, Puerto Rico Sales Tax Financing Corp, New Jersey Turnpike Authority, and various state and local authorities.…
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Locate Technologies Limited (ASX: LOC) has become the first publicly traded Australian company to adopt a dedicated Bitcoin treasury strategy, announcing an initial investment of approximately A$1 million (about 6.089 BTC at ~A$164,227 per coin) to form a long-term strategic holding. The company said the move aligns with its broader growth initiatives in global last-mile…
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According to a report by Reuters, major U.S. banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are in early-stage discussions about launching a jointly issued stablecoin. According to The Wall Street Journal, those discussions may involve entities co-owned by the banks such as Early Warning Services and The Clearing House, and seek…
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Strategy Inc. (ticker: STRC), a subsidiary of MicroStrategy Incorporated, announced the annual dividend rate on its preferred stock has been raised to 10.25%. The increase follows earlier reports the rate stood at 10% and rises to 10.25% starting with dividends for the period ending October 31. Saylor posted on his X account: “Stretch your income.…
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Opendoor’s CEO Kaz Nejatian responded on X to a user asking if the company would allow Bitcoin payments for home purchases with the reply: “We will. Just need to prioritize it.” Nejatian clarified that sellers would not need to accept cryptocurrency themselves; Opendoor would handle Bitcoin-to-USD conversion internally. No formal timeline or rollout details were…
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According to Axios, OpenAI and United Arab Emirates announced a strategic partnership to build Stargate UAE, a one‑gigawatt AI computing cluster in Abu Dhabi—with an initial 200 megawatts due online in 2026. Per Analytics India Magazine, project will be operated by OpenAI and Oracle, built by UAE tech firm G42, and supported by Cisco, NVIDIA,…
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BlackRock, the world’s largest asset manager overseeing approximately $10 trillion in assets, has officially registered as a crypto asset firm in the United Kingdom. The Financial Conduct Authority (FCA) has added BlackRock to its list of registered crypto asset firms, a roster that includes notable entities such as Coinbase, PayPal, and Revolut. The FCA’s registration…
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Americans can now send voluntary contributions via Venmo and PayPal through the official “Gifts to Reduce the Public Debt” page on Pay. Payment options already include bank transfers, credit/debit cards, and PayPal; Venmo support arrived between February and March 2025. Since 1996 the program has collected around $67.3 million in donations—enough to pay off just…
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According to Axios, OpenAI and United Arab Emirates announced a strategic partnership to build Stargate UAE, a one‑gigawatt AI computing cluster in Abu Dhabi—with an initial 200 megawatts due online in 2026. Per Analytics India Magazine, project will be operated by OpenAI and Oracle, built by UAE tech firm G42, and supported by Cisco, NVIDIA,…
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According to Yahoo Finance, President Nayib Bukele posted an update revealing El Salvador’s Bitcoin holdings have generated an unrealized profit of $357 million. Per The Defiant, government coffers now hold approximately 6,180 BTC, bringing total reserves to around $644 million—reflecting a 124 percent gain since initial investments. Binance’s official blog confirms profit figure and highlights Bukele’s continued transparency in sharing…
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Ross Ulbricht, founder of Silk Road, received a 300 BTC (≈ $31 million) donation in June 2025 to his public “donation” wallet—sparking widespread speculation about its origins. Chainalysis, supported by insights from blockchain sleuth ZachXBT, traced the funds through mixers like Jambler and linked them to addresses associated with the defunct dark‑web marketplace AlphaBay, active from 2014–2017. ZachXBT argued the…
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According to Miningstore.com, U.S. tariffs set to take effect August 1st impose duties of 36% on Thailand‑made ASICs, 32% on those from Indonesia, and 25% on machines from Malaysia and China raising landed costs for new mining hardware. These sharp increases apply to new and replacement ASICs, affecting valuation of both future purchases and existing…
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Basel Medical Group Ltd, a Singapore‑based healthcare provider listed on NASDAQ under the ticker BMGL, signed a purchase agreement to acquire up to 10,000 Bitcoin, totaling approximately US $1 billion—by issuing ordinary shares in exchange with a consortium of Bitcoin holders. Company management stated the acquisition aims to diversify its treasury reserves significantly, reinforce its balance sheet,…
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According to SEC filings, Saudi Arabia’s central bank, SAMA, disclosed ownership of 25,656 shares in MicroStrategy—now rebranded as Strategy—a software firm that holds over 568,000 BTC on its balance sheet. That indirect investment grants Riyadh sizable exposure to Bitcoin without purchasing cryptocurrency directly. Per Strategy’s filings, those shareholdings translate into an estimated $60 billion‑plus in Bitcoin…
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The relationship between faith and science is intertwined, with both seeking truth and meaning. Historical parallels show shifts in authority and access, from religious interpretation to financial systems. These shifts emphasize the importance of accessibility and individual sovereignty.
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Eric Trump recently stated, “Bitcoin is leading the way in digital transformation,” during a public appearance, underscoring the Trump family’s increasing involvement in the cryptocurrency sector. Eric Trump and his brother, Donald Trump Jr., have been actively expanding their presence in the crypto industry. They co-founded American Bitcoin, a mining venture in partnership with Hut…
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Recent scientific advancements have enabled the creation of gold in laboratory settings, prompting discussions about the future of gold’s value and scarcity. At CERN’s Large Hadron Collider (LHC), physicists have successfully transformed lead into gold through high-energy collisions. These experiments, part of the ALICE project, achieved the transmutation by knocking out three protons from lead…
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A recent study by Northwestern Mutual reveals that only 9% of Americans have saved ten times their annual income for retirement, a benchmark often recommended by financial experts for a comfortable retirement. This statistic underscores a significant gap between retirement savings goals and actual savings among U.S. adults. The same study indicates that Americans believe…
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According to Reuters, FHFA Director William Pulte instructed Fannie Mae and Freddie Mac to begin preparing to treat cryptocurrency holdings as assets in single‑family mortgage risk assessments. Pulte emphasized borrowers should be allowed to count crypto assets without first converting them to U.S. dollars, provided those assets are held on U.S.‑regulated centralized exchanges subject to applicable laws. Per…
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UFC champion and Irish presidential hopeful Conor McGregor has publicly called for the establishment of a national Bitcoin strategic reserve in Ireland. In a post on X (formerly Twitter), McGregor stated, “An Irish Bitcoin strategic reserve will give power to the people’s money,” emphasizing his belief in Bitcoin’s potential to empower citizens financially. McGregor’s proposal…
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Billionaire venture capitalist Tim Draper has reiterated his prediction that Bitcoin will replace the U.S. dollar as the dominant global currency within the next decade. In a recent interview, Draper emphasized that Bitcoin’s decentralized nature and fixed supply make it a superior alternative to fiat currencies, which are susceptible to inflation and government manipulation. Draper…
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Uber Technologies Inc. has announced a multi-year partnership with autonomous vehicle startup May Mobility to deploy thousands of self-driving vehicles on its ride-hailing platform across U.S. cities, beginning with Arlington, Texas, by late 2025. The collaboration aims to scale autonomous vehicle (AV) transportation in the United States, an estimated $1 trillion market. Under the agreement,…
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According to Reuters, Bitmain, Canaan and MicroBT—together controlling over 90 % of the global Bitcoin mining hardware market—have begun relocating parts of their production to the U.S. in order to avoid escalating tariffs introduced by the Trump administration. Per Reuters, Bitmain initiated U.S. assembly of its mining rigs in December 2024, shortly after Trump regained office.…
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According to Binance News and Cointime, California pension funds disclosed on May 16, 2025, a purchase of $276 million in MicroStrategy (MSTR) shares—a strategic move that provides Bitcoin exposure via equity holdings. Per Cryptopolitan and TheCryptoBasic, investments from at least two major California systems—CalSTRS and CalPERS—total 694,119 shares, representing a combined $276 million stake. Cryptopolitan notes public pension…
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Heritage Distilling Holding Co. (NASDAQ: CASK), a publicly traded whiskey producer valued at approximately $200 million, has announced it will begin accepting Bitcoin for product purchases and will hold the proceeds in its corporate treasury. Per the official announcement, Heritage is partnering with crypto-payment platforms to integrate Bitcoin directly into its consumer payment systems, marking…
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A recent report from Realtor.com reveals that the annual income required to afford a median-priced home in the United States has surged to approximately $114,000. This marks a 70.1% increase from $67,000 in 2019, driven by rising home prices and elevated mortgage rates . The median national listing price in April 2025 stood at $431,250,…
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This report will remain under active revision until June 19, 2026. Content may be added, updated, or refined as additional information becomes available. Findings are subject to change throughout the reporting period. Preface I began exploring scientific theories in middle school – around the sixth or seventh grade – and by my high school years,…
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The United States and China are among the largest holders of Bitcoin globally, with their reserves primarily accumulated through asset forfeitures. As of December 13, 2024, the U.S. government holds approximately 207,189 BTC, valued at around $17.4 billion. Similarly, China possesses about 194,000 BTC, worth approximately $16.2 billion. These substantial holdings underscore the strategic importance…
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President Donald Trump’s stance on cryptocurrency has undergone a significant transformation. Once a vocal critic, labeling Bitcoin as “a scam” in 2021, he has since become one of its most prominent advocates. In his second term, Trump has declared his intention to make the United States the “crypto capital of the world” and the “undisputed…
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Florida has introduced a legislative proposal aimed at eliminating capital gains taxes on Bitcoin transactions. If enacted, this would position Florida as one of the most crypto-friendly states in the U.S. The proposed bill seeks to exempt capital gains taxes on Bitcoin, XRP, and traditional stock investments for state residents. Supporters argue that this move…
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As of May 21, 2025, the Federal Reserve has maintained its benchmark interest rate at a target range of 4.25% to 4.50%, a level held steady since December 2024. Federal Reserve’s Current Stance In the May 6–7 FOMC meeting, the Fed emphasized increased uncertainty in the economic outlook, noting elevated risks of both higher unemployment…
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The Dave Ramsey Show has recently acknowledged Bitcoin’s legitimacy, stating, “Bitcoin has arrived and it’s here to stay… It should be a part of a diversified strategy.” This marks a departure from Ramsey’s long-standing skepticism toward cryptocurrencies. Previously, he advised against investing in digital assets, citing their volatility and speculative nature. The change in stance…
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BlackRock, the world’s largest asset manager overseeing approximately $10 trillion in assets, has officially registered as a crypto asset firm in the United Kingdom. The Financial Conduct Authority (FCA) has added BlackRock to its list of registered crypto asset firms, a roster that includes notable entities such as Coinbase, PayPal, and Revolut. The FCA’s registration…
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Trump Media & Technology Group (TMTG), the parent company of Truth Social, is reportedly exploring the launch of a utility cryptocurrency token and an accompanying digital wallet. The proposed token would initially facilitate payments for Truth+ subscriptions, with potential expansion to other services within the Truth Social ecosystem. This initiative is part of TMTG’s broader…
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UPS is undergoing major layoffs following a significant reduction in business from Amazon, its largest client. According to Unusual Whales, a UPS spokesman confirmed the layoffs stem from losing 50% of shipping volume from Amazon, in addition to cost-cutting initiatives tied to a larger operational overhaul. As part of its restructuring, UPS is increasingly leaning…
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Warren Buffett’s Berkshire Hathaway has significantly increased its holdings in U.S. Treasury bills, now owning approximately 5.1% of the entire market. As of March 31, 2025, Berkshire’s investment in Treasury bills reached $314.1 billion, up from $300.87 billion the previous quarter, marking a 21% increase. This substantial investment surpasses the Federal Reserve’s holdings of short-term…
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Per AaB_Marius on X, Ethereum’s price has steadily decreased each time Bitcoin returns to the $100,000 milestone. During the first instance, ETH traded at $4,000. By the seventh time BTC reached the same figure, ETH had fallen to just $2,000—a 50% drop across what appear to be repeated surges in BTC dominance. According to historical…
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New Hampshire has become the first U.S. state to establish a Strategic Bitcoin Reserve. Governor Kelly Ayotte signed House Bill 302 into law on May 6, 2025, authorizing the state treasurer to invest up to 5% of public funds in digital assets with a market capitalization exceeding $500 billion, currently including only Bitcoin. The law…
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Brown University has disclosed a $4.9 million investment in BlackRock’s iShares Bitcoin Trust (IBIT), marking its first known exposure to Bitcoin through its $7.2 billion endowment. The university acquired 105,000 shares of the ETF during the first quarter of 2025, as reported in a Securities and Exchange Commission (SEC) Form 13F filing dated March 31.…
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Ripple Labs Inc. made an acquisition offer ranging between $4 billion and $5 billion for Circle Internet Financial Ltd., the issuer of the USDC stablecoin. Circle declined the bid, considering it undervalued the company. Circle is currently pursuing an initial public offering (IPO) with a target valuation of $5 billion, backed by underwriters JPMorgan and…
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Amazon faced significant political backlash after reports emerged that it planned to display tariff costs on product pages, a move the White House labeled a “hostile and political act.” The controversy centers around Amazon’s consideration of showing the impact of President Trump’s tariffs on imported goods, particularly from China, directly to consumers. According to Punchbowl…
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IBM has announced a $150 billion investment in the United States over the next five years, focusing on quantum computing, artificial intelligence (AI), and mainframe systems. The initiative includes over $30 billion allocated for research and development to enhance domestic manufacturing capabilities. The company plans to expand its production facilities in Poughkeepsie, New York, where…
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Arizona has enacted House Bill 2749, establishing a state-managed Bitcoin and Digital Assets Reserve Fund. Governor Katie Hobbs signed the bill into law on May 7, 2025, permitting the state to hold unclaimed digital assets, such as cryptocurrencies, in their native form rather than liquidating them. The law also allows the state to stake these…
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Cango Inc. has finalized a $352 million agreement to divest its Chinese auto-financing business to Ursalpha Digital Limited, a company linked to Bitmain’s affiliate, Antalpha. This transaction marks Cango’s full transition into Bitcoin mining operations. The deal includes an upfront payment of $210.6 million, with the remaining amount contingent upon meeting specific tax obligations and…
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Apple aims to assemble all iPhones sold in the United States at Indian plants by the end of 2026. Executives briefed on the plan said output from Foxconn’s new $2.6 billion factory in Bengaluru and Tata Electronics’ expanded Hosur site will scale Indian production beyond 80 million units annually, eclipsing China for US supply. India currently produces about 18 percent of…
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Alphabet’s board authorized repurchasing up to $70 billion of Class A and Class C shares after posting first‑quarter profit of $2.81 per share on revenue of $90.23 billion, according to Reuters, boosting market value by roughly $75 billion. google, alphabet, share buyback, $70 billion, stock repurchase, investors, The company pointed to ad revenue growth of 8.5 percent to $66.89 billion and reaffirmed its AI‑driven capex guidance of $75 billion for 2025, underscoring confidence in search and…
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Michael Hartnett, Chief Investment Strategist at Bank of America, has indicated that the United States is no longer the primary growth engine of the global economy. This perspective reflects shifting investor sentiment and a reevaluation of the U.S.’s role in driving global economic expansion. Hartnett’s analysis suggests that the era of U.S. economic exceptionalism is…
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the People’s Bank of China (PBOC) has referred to Bitcoin as an “investment alternative,” signaling a change from its previous stringent stance on cryptocurrencies. This development was highlighted during the Boao Forum for Asia, where Li Bo, then deputy governor of the PBOC, acknowledged the potential of digital assets in the investment landscape. Historically,…
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Twenty One, a technology startup specializing in AI-driven logistics solutions, announced plans to go public through a merger with Cantor Equity Partners’ Special Purpose Acquisition Company (SPAC), Cantor Equity Partners Acquisition Corp. (Nasdaq: CEP). The deal values Twenty One at approximately $1.2 billion, with the transaction expected to close in early 2024 pending regulatory approvals.…
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The U.S. dollar’s share in global payments has reached nearly 50%, marking its highest level in over 12 years, according to data from Macrobond. This resurgence underscores the greenback’s enduring dominance in international finance, despite ongoing discussions about de-dollarization efforts. In January 2025, the dollar accounted for 50.2% of global transactions processed through the…
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Gold surged past $3,500 per ounce Monday, setting a fresh all-time high as investors fled a slumping dollar and intensifying U.S. political risk. According to Reuters, spot prices touched $3,500.05 before holding above $3,420 in late trade. Safe-haven demand spiked after President Donald Trump’s latest public challenge to Federal Reserve Chair Jerome Powell over interest-rate…
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President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, suggesting he has the authority to remove Powell from his position. In a recent statement, Trump remarked, “If I want him out, he’ll be out of there real fast, believe me.” This comment follows a series of public attacks on Powell, including…
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Palantir Technologies has secured a significant defense contract with NATO, finalizing the acquisition of its AI-powered Maven Smart System NATO (MSS NATO) for deployment within NATO’s Allied Command Operations. The agreement, completed on March 25, 2025, is considered one of the fastest procurement processes in NATO’s history, taking only six months from outlining the requirement…
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Joe Lonsdale, co-founder of Palantir and founding partner of 8VC, recently appeared on CNBC’s ‘Squawk Box’ to highlight his perspectives on a national crypto reserve, citing concerns about the volatility and regulatory challenges associated with cryptocurrencies. Lonsdale also addressed the recent dismantling of the U.S. Agency for International Development (USAID) under the Trump administration’s Department…
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Elon Musk’s SpaceX, in collaboration with Palantir Technologies and Anduril Industries, has emerged as a leading contender to develop President Donald Trump’s proposed “Golden Dome” missile defense system. The initiative aims to deploy a network of 400 to over 1,000 satellites for missile detection and tracking, along with approximately 200 armed satellites to intercept threats.…
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The Federal Trade Commission (FTC) has initiated a landmark antitrust trial against Meta Platforms Inc., aiming to compel the company to divest its subsidiaries, Instagram and WhatsApp. The FTC alleges that Meta’s acquisitions of these platforms were strategic moves to eliminate competition and maintain a monopoly in the social networking market. Internal communications from Meta…
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Polymarket, a decentralized prediction platform, currently indicates a 50% probability of a U.S. recession in 2025, reflecting market uncertainty amid conflicting economic signals. This follows a recent peak of 66% in recession odds, which declined after President Trump’s announcement to postpone certain tariffs. The Trump administration maintains a stance of economic optimism. National Economic Council…
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The claim that BlackRock advises an 84.9% Bitcoin allocation in portfolios originates from a study the asset manager conducted in 2022. This research analyzed Bitcoin’s performance between July 2010 and December 2021 and suggested that for a 60-40 portfolio (60% equities, 40% bonds), the optimal allocation to Bitcoin could be as high as 84.9%. The…
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Former FTX CEO Sam Bankman-Fried has been transferred from a temporary federal holding facility to FCI Herlong, a medium-security federal correctional institution located in northern California. The facility, which once housed notorious crime figure Al Capone during his era, is now the long-term residence for Bankman-Fried following his conviction and sentencing for fraud and conspiracy…
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The Russian Finance Ministry has proposed the development of a domestically issued stablecoin. This initiative comes in response to recent actions by Tether, which froze digital wallets linked to Russian entities, highlighting the vulnerabilities of relying on foreign-controlled digital assets. Osman Kabaloev, Deputy Head of the Financial Policy Department at the Finance Ministry, emphasized the…
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Per Reuters, the United States has generated $21 billion in total tariff revenue since President Donald Trump returned to office in January 2025. The figure reflects a sharp increase driven by expanded tariffs on Chinese imports, electronics, and consumer goods, as well as recent policy changes affecting countries such as Hong Kong and Mexico. The…
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Panama City has officially adopted cryptocurrency as a method for settling municipal taxes and fees. Following a city council vote, residents can now use Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), and Tether (USDT) to pay for services such as taxes, licenses, and fines. Mayor Mayer Mizrachi announced the initiative, highlighting that while cryptocurrencies will…
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JPMorgan Chase CEO Jamie Dimon has urged the United States to re-engage with China to resolve the escalating trade war, warning that continued economic hostilities could erode U.S. credibility and increase the risk of a global recession. In a recent interview with the Financial Times, Dimon emphasized the urgency of resuming dialogue, stating, “I don’t…
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According to global commodities trading firm Gunvor, oil prices falling to $60 during the worst of the recent market downturn signaled a market pricing in zero demand growth for the year. The comment highlights how sharply sentiment deteriorated in energy markets as macroeconomic uncertainty and geopolitical risks weighed on investor confidence. Gunvor’s assessment implies that…
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The Trump administration is exploring the use of tariff revenues to fund the acquisition of Bitcoin, aiming to expand the nation’s strategic cryptocurrency reserves without increasing taxes or national debt. Bo Hines, Executive Director of the Presidential Council of Advisers on Digital Assets, discussed this initiative in a recent interview, highlighting the administration’s commitment to…
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Nvidia has confirmed it will begin manufacturing AI supercomputers within the United States for the first time, planning to build up to $500 billion in domestic AI infrastructure over the next four years. The move marks a dramatic shift in its manufacturing strategy, as the company localizes critical technology production amid rising demand and global…
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Bitmain Technologies, a Beijing-based cryptocurrency hardware manufacturer, has become a dominant player in the Bitcoin mining industry. As of 2024, the company’s estimated valuation on the open market is approximately $100 Billion. This is based off the fact that in 2021, a report by Investopedia claimed that Bitmain’s then valuation at the time was about…
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Max Keiser, a prominent Bitcoin advocate, recently declared Swan Bitcoin as the “best Bitcoin brand” on social media. His statement reinforces Swan’s growing reputation as a leading platform for Bitcoin accumulation, offering recurring buys and educational resources for users. Swan’s focus on transparency and its commitment to Bitcoin principles have made it a standout in…
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The European Union and China have initiated formal negotiations aimed at abolishing EU-imposed tariffs on Chinese electric vehicles (EVs). These discussions seek to replace the existing tariffs with a minimum pricing agreement, ensuring fair competition while addressing concerns over market distortions caused by alleged subsidies. In October 2024, the EU implemented tariffs reaching up…
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In March 2025, U.S. inflation decreased more than anticipated, with the Consumer Price Index (CPI) rising 2.4% year-over-year, down from 2.8% in February and below the projected 2.6%. The Core CPI, which excludes volatile food and energy prices, increased by 2.8%, marking its lowest annual rise since March 2021. Key Highlights: Market Reactions: Despite the…
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Tether Holdings Ltd, the issuer of the world’s largest stablecoin USDT, is actively exploring lending opportunities for commodities traders. The company has engaged in discussions with multiple firms about offering US dollar-denominated loans to support international trade. Tether’s entry into the sector aims to streamline credit provision for commodities such as oil, metals, and food,…
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Most of Asia exempt as China absorbs full weight of U.S. trade war shift President Donald Trump has granted a 90-day pause on new tariffs for “non-retaliating countries,” largely benefiting Asian economies — with one glaring exception: China. The world’s largest exporter now faces a cumulative 125% tariff on its goods entering the United States,…
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A new tariff plan introduced by former President Donald Trump could raise the cost of Apple’s iPhones by up to 40 percent, according to USA TODAY Money. The plan, which proposes a 10 percent universal baseline tariff on all imports and a 60 percent tariff on goods from China, aims to reduce the U.S. trade…
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The government of Pakistan has officially appointed Changpeng Zhao (CZ), the former CEO of Binance, as a strategic advisor on cryptocurrency policy and blockchain innovation. The appointment signals Pakistan’s accelerating interest in integrating digital assets into its financial infrastructure while seeking global expertise to draft regulatory frameworks. CZ, who stepped down as CEO of Binance…
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On April 3, 2025, U.S. financial markets experienced a significant downturn following the announcement of extensive tariffs by President Donald Trump. The S&P 500 declined by 4.8%, marking its most substantial single-day drop since June 2020. The Dow Jones Industrial Average fell nearly 1,700 points, a 4% decrease, while the Nasdaq Composite plunged 6%, reflecting…
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Shares Surge 11 Percent as Company Minimizes Impact of Trade Tensions Levi Strauss stock jumped 11% after the apparel company reported better-than-expected earnings for the first quarter of 2025. The company eased investor concerns by stating that potential pricing impacts tied to ongoing U.S. tariff disputes would be minimal. The announcement comes at a time…
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U.S. stock markets opened sharply lower on April 7, 2025, continuing the steep sell-off that began the previous week with President Donald Trump announcing reciprocal tariffs. The SPDR S&P 500 ETF Trust (SPY) dropped to $505.28, a decline of 5.75%, while the SPDR Dow Jones Industrial Average ETF (DIA) fell 5.42% to $383.22. The Invesco…
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BlackRock CEO Larry Fink recently declared Bitcoin could become as influential as the housing market. Fink emphasized Bitcoin’s potential to rival traditional asset classes like gold, reflecting the company’s growing involvement in digital assets. His comments have stirred excitement in the financial world, especially with the success of BlackRock’s iShares Bitcoin ETF, which has seen…
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In his annual letter to shareholders, Jamie Dimon, CEO of JPMorgan Chase, cautioned that President Donald Trump’s newly announced tariffs are likely to increase inflation by raising prices on both imported and domestically produced goods. Dimon explained that higher input costs and increased demand for U.S.-made products could contribute to these price hikes. He also…
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Samara Asset Group, a publicly listed German company, is set to issue €30 million in bonds to bolster its Bitcoin holdings and acquire stakes in alternative investment funds. This move reflects the company’s strategy to enhance its diversified portfolio, with Bitcoin serving as its primary treasury asset. The bond will be managed by Pareto Securities…
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Block, the financial technology company led by CEO Jack Dorsey, has announced plans to lay off approximately 931 employees, representing about 8% of its workforce. In an internal email to staff, Dorsey stated that the layoffs are part of organizational changes aimed at addressing strategic priorities, enhancing performance, and flattening the company’s hierarchy. The reductions…
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On April 6, 2025, Bitcoin’s price fell below the $80,000 threshold amid escalating trade tensions and market volatility. This decline coincided with significant downturns in global stock markets, leading analysts to draw parallels to the 1987 “Black Monday” crash. The recent market instability was largely triggered by President Donald Trump’s announcement of extensive tariffs,…
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MicroStrategy, under the leadership of Michael Saylor, has developed a gameplan to transform the company into the world’s first Bitcoin bank with a market valuation of $1 trillion. The software firm has been steadily accumulating Bitcoin since 2020, and currently holds 252,220 BTC, making it the largest corporate holder of the digital currency. This aggressive…
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Intel Corporation and Taiwan Semiconductor Manufacturing Company (TSMC) have reached a preliminary agreement to establish a joint venture aimed at operating Intel’s semiconductor fabrication facilities in the United States. According to sources cited by The Information, TSMC is expected to acquire a 20% stake in this new entity. This development follows encouragement from U.S.…
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A recent survey conducted by Bank of America has revealed a significant trend among younger generations, with 62% of millennials preferring cryptocurrencies as their go-to investment option. This shift comes at a crucial time when approximately $84 trillion in wealth is expected to transfer from baby boomers to younger generations, including Gen X and millennials.…
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Extsy has officially entered the competitive cryptocurrency landscape with the launch of its new trading platform. This cutting-edge platform boasts advanced features like instant asset swaps, low fees, and fiat-to-crypto purchases, catering to both beginner and experienced traders. Users can also benefit from unique offerings such as a virtual card for seamless transactions and a…
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Amazon has entered discussions to acquire TikTok’s U.S. operations, according to Reuters. The move comes as the Biden administration evaluates potential national security risks linked to TikTok’s Chinese parent company, ByteDance. Sources indicate negotiations remain preliminary, with no formal agreement reached. The potential acquisition aligns with Amazon’s strategy to expand into social commerce and digital…
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The U.S. Securities and Exchange Commission (SEC) has come under fire from within its ranks, as Commissioner Mark Uyeda has openly labeled the agency’s approach to cryptocurrency regulation a “disaster for the whole industry.” Speaking on Fox Business during an appearance on Mornings with Maria, Uyeda expressed dissatisfaction with the agency’s failure to provide clear…
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As of July 2024, the United States’ national debt surpassed $35 trillion, marking a dramatic increase from $17 trillion just a decade ago. This surge, driven by both structural fiscal policies and pandemic-related expenditures, presents significant concerns for the future of the U.S. economy. Economists warn of potential long-term consequences, such as rising interest costs…
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The Federal Deposit Insurance Corporation (FDIC) has announced that banks no longer need prior approval to engage in cryptocurrency-related activities, provided they adequately manage associated risks. This policy shift rescinds the previous guidance from April 2022, which required FDIC-supervised institutions to obtain approval before engaging in crypto-related activities. Acting FDIC Chairman Travis Hill stated that…
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A recent survey by financial giant Charles Schwab has revealed that 45% of ETF investors plan to allocate funds to Bitcoin and crypto-related exchange-traded funds (ETFs) in 2024. This marks a significant uptick in interest compared to last year, when only 38% of investors expressed similar intentions. Schwab’s findings come at a time when the…
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In a landmark decision, the United Arab Emirates (UAE) has officially exempted all cryptocurrency transactions from value-added tax (VAT), a move set to take effect on November 15, 2024. This exemption applies retroactively to transactions dating back to January 1, 2018, ensuring that individuals and businesses alike will no longer face the 5% VAT levy…
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Crypto.com, has relocated its North American headquarters from Miami to Tyler, Texas. The move places the company at the heart of Texas, a state known for its booming cryptocurrency infrastructure, particularly Bitcoin mining. This strategic relocation positions Crypto.com to take advantage of the state’s talent pool and favorable political climate. The new office, located in…
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Rumble has made a significant investment by purchasing 188 Bitcoin, valued at approximately $17.1 million. This substantial acquisition underscores the company’s confidence in Bitcoin as a strategic asset and aligns with the recent trend of major corporations incorporating digital assets into their balance sheets. Investor and crypto advocate Kyle Chassé celebrated the news on social…
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The concept of Proof of Reserves is essential for restoring trust in cryptocurrency, allowing exchanges like River to demonstrate full backing of customer assets and enhance transparency.
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Coinbase, the leading U.S. cryptocurrency exchange, plans to expand its workforce by approximately 1,000 employees in 2025. CEO Brian Armstrong attributes this expansion to the pro-crypto policies of President Donald Trump’s administration. Armstrong announced the hiring initiative following the White House Crypto Summit, emphasizing the administration’s supportive stance on digital assets. He noted that…
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In a historic move, Goldman Sachs has acknowledged the growing significance of digital assets in its latest annual letter to shareholders. The 2024 report highlights how blockchain technology and cryptocurrencies are intensifying competition within the financial sector. The letter notes that the rise of electronic trading, alongside blockchain and artificial intelligence, has transformed market…
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Strategy, formerly known as MicroStrategy, has expanded its Bitcoin holdings by acquiring an additional 130 BTC. This purchase, valued at approximately $10.7 million, was executed at an average price of $82,981 per BTC between March 10 and March 16, 2025. According to the company’s latest SEC filing, the acquisition was funded through the sale…
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Changpeng “CZ” Zhao, the founder of Binance, has been released from U.S. custody after completing a four-month prison sentence. Zhao was detained for failing to implement adequate Anti-Money Laundering (AML) controls at Binance, which allowed illegal transactions involving cybercriminals and terrorist groups. Zhao’s case was a result of Binance’s significant legal struggles in the U.S.…
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Charles Schwab has announced its willingness to offer cryptocurrency trading services if U.S. regulatory laws evolve to allow it. This potential move could significantly impact the cryptocurrency market, injecting billions in investments and making crypto trading accessible to a vast number of traditional investors. CEO Walt Bettinger confirmed that Schwab is ready to act swiftly,…
Bitcoin Versus 