finance
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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…
