politics
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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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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 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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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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The U.S. Senate has officially passed the GENIUS Act, a landmark bill regulating stablecoins—digital assets typically pegged to the U.S. dollar. The legislation passed with bipartisan support and now moves to the House of Representatives, marking a historic moment as the first major cryptocurrency legislation to clear the Senate. According to Politico, the GENIUS Act…
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Shelby County Health Department issued an air permit on July 2, 2025, allowing xAI to operate up to 15 methane gas combustion turbines at its Memphis data center powering the Colossus supercomputer. Community activists and environmental groups dispute the legality of the permit, citing months of unpermitted operations that allegedly violated the Clean Air Act. xAI…
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Per New York Times, an executive order issued in March directs federal agencies to share unclassified information, enabling the Trump administration to use Palantir’s Foundry platform to integrate data across departments such as DHS, HHS, IRS, Social Security, and Pentagon. Foundry provides a unified interface for analyzing and visualizing inter-agency datasets, with the potential to merge…
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President Donald Trump told reporters outside the White House that the Department of Government Efficiency— also known as DOGE—might become a “monster” that could “go back and eat Elon” Musk. Trump added he is reviewing whether to deport Musk back to South Africa, the entrepreneur’s native country, stating “we’ll have to take a look” when asked…
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President Donald Trump referred to White House correspondent Hariana Veras as “beautiful” and expressed a desire for “more reporters like you,” joking that commenting might “end my political career.” Veras, originally from Angola and covering the White House, shared that she “saw hope” in Congo and noted that President Félix Tshisekedi proposed nominating Trump for a Nobel…
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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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During a press conference in Los Angeles where DHS Secretary Kristi Noem was detailing escalated ICE and immigration enforcement operations, Senator Alex Padilla (D‑CA) rose up to ask a question about the impact of these actions. He identified himself as a U.S. Senator but was quickly seized—pushed to the ground, handcuffed, and physically removed from…
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Iran has been exploring the use of cryptocurrencies, including Bitcoin, to facilitate international trade and mitigate the impact of economic sanctions. In August 2022, Iran reportedly placed its first official import order using cryptocurrency, valued at $10 million, as part of a broader strategy to bypass U.S. sanctions and conduct trade through digital assets. Following…
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Kentucky has recently enacted House Bill 701, known as the “Bitcoin Rights” bill, which was signed into law by Governor Andy Beshear on March 24, 2025. This legislation safeguards the rights of individuals to self-custody digital assets, operate blockchain nodes, and engage in digital asset transactions without fear of discrimination. It also prohibits local zoning…
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Arizona is actively advancing legislation to integrate Bitcoin into its financial and legal systems. Notably, Senate Bill 1062 (SB1062) seeks to classify Bitcoin and other cryptocurrencies as legal tender within the state. This bill defines legal tender to include any medium of exchange authorized by the U.S. Constitution or Congress, encompassing cryptocurrencies. In addition to…
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North Carolina lawmakers have introduced multiple bills aiming to integrate cryptocurrencies, such as Bitcoin, into the state’s financial strategy. One notable proposal, the Bitcoin Reserve and Investment Act (Senate Bill 327), seeks to authorize the state treasurer to allocate up to 10% of public funds into Bitcoin. This initiative positions North Carolina among several states…
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In a recent social media post, prominent Bitcoin advocate Max Keiser humorously proposed that the United States could maintain fiscal neutrality by selling its substantial cheese reserves to invest in Bitcoin. Keiser’s comment, shared on X.com, stated, “Selling America’s strategic cheese reserve and buying Bitcoin is budget neutral.” The U.S. government has historically maintained significant…
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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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President Donald Trump has announced a $1.2 trillion economic exchange agreement with Qatar, marking a significant development in U.S.-Qatar relations. The agreement encompasses a series of deals across various sectors, including aviation, defense, energy, and infrastructure. A central component of the agreement is a $96 billion deal between Boeing and Qatar Airways for the purchase…
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On May 9, 2025, President Donald Trump announced the launch of “Project Homecoming,” a federally funded self-deportation initiative. The program offers undocumented immigrants the opportunity to voluntarily leave the United States with government-covered flights and a $1,000 “exit bonus.” Those who choose not to participate may face penalties, including sudden deportation, fines, and imprisonment. The…
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The Boring Company, founded by Elon Musk, is in discussions with federal officials to potentially assist with Amtrak’s Frederick Douglass Tunnel project. The initiative aims to replace the aging Baltimore & Potomac Tunnel, a critical bottleneck on the Northeast Corridor. Initially estimated at $4 billion, the project’s costs have escalated to approximately $8.5 billion. The…
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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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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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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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On April 28, 2025, U.S. Senator Josh Hawley (R-Mo.) reintroduced the Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act, aiming to prohibit members of Congress and their spouses from trading or holding individual stocks while in office. 🏛️ What the PELOSI Act Proposes 🔍 Context and Reactions The PELOSI Act, named after former…
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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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Texas lawmakers are making progress on a bill to create a state-managed Bitcoin reserve, aligning with President Donald Trump’s nationwide crypto reserve initiative. Senate Bill 21, introduced by Senator Charles Schwertner, proposes the establishment of the Texas Strategic Bitcoin Reserve. The Senate Committee on Business and Commerce has unanimously passed the bill, which now awaits…
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A coalition of 12 U.S. states has filed a lawsuit against the Trump administration, challenging the legality of its recently imposed tariffs. The suit, lodged in the U.S. Court of International Trade in New York, contends that President Donald Trump exceeded his constitutional authority by unilaterally enacting tariffs without Congressional approval. The plaintiff states include…
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The Food and Drug Administration (FDA) is reportedly planning to end most of its routine food safety inspections, according to CBS News. The proposed changes would shift oversight responsibilities to state and local authorities, a move that has sparked debate among public health officials and consumer advocacy groups. The FDA currently contracts with 43 states…
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Niger’s military-led government has officially declared Hausa as the country’s national language, replacing French. The announcement was made through a new charter published on March 31, 2025, marking a significant shift away from the nation’s colonial past. Hausa, widely spoken across Niger, particularly in regions like Zinder, Maradi, and Tahoua, is now recognized as the…
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The Trump administration has replaced the federal COVID-19 resource website, Pandemic.gov, with a new page dedicated to the lab leak theory of COVID-19’s origins. Image Source: https://www.whitehouse.gov/lab-leak-true-origins-of-covid-19/ The revamped site, titled “Lab Leak: The True Origins of COVID-19,” redirects users from the original COVID-19 information portal to a webpage promoting the controversial theory that the…
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China has suspended all liquified natural gas (LNG) purchases from the United States, according to a post by WatcherGuru on X (formerly Twitter). The decision follows escalating trade tensions between the two nations, with Chinese officials citing economic sovereignty concerns and the need to diversify energy sources. The suspension is linked to recent U.S. tariffs…
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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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Multiple governments and sovereign wealth funds are exploring the establishment of strategic Bitcoin reserves, influenced by the United States’ recent policy shift under President Donald Trump. In March 2025, Trump signed an executive order creating a Strategic Bitcoin Reserve, utilizing over 200,000 BTC seized by U.S. authorities. This reserve is intended to be held indefinitely…
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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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Thousands of North Korean IT professionals have covertly secured employment within major U.S. corporations, including Fortune 500 firms, by utilizing stolen or fabricated identities. This infiltration has resulted in the diversion of substantial salaries to fund North Korea’s prohibited nuclear weapons initiatives. U.S. intelligence agencies estimate that this operation has generated between $250 million and…
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The Trump administration is evaluating a proposal to offer a $5,000 “baby bonus” to mothers after childbirth, aiming to counteract the declining U.S. birth rate. This initiative is part of a broader set of pronatalist policies under consideration, which also includes reserving 30% of Fulbright scholarships for applicants who are married or have children, and…
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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 Trump administration is intensifying efforts to economically isolate China by engaging in tariff negotiations with over 70 countries. The strategy aims to prevent Chinese firms from operating within these nations and to block China from using them as intermediaries to bypass U.S. tariffs, according to a report by The Wall Street Journal This approach…
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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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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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Harvard University has rejected proposed funding from the Trump-aligned America First Legal Foundation, which attempted to link federal support to compliance with demands such as eliminating diversity programs, cooperating with immigration enforcement, and altering admission policies. The institution issued a public response affirming its commitment to academic freedom and nondiscriminatory practices, making clear it would…
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Vice President J.D. Vance Fumbles Ohio State’s Championship Trophy at White House Ceremony Vice President J.D. Vance found himself at the center of an unexpected viral moment after fumbling the Ohio State Buckeyes’ national championship trophy during a celebratory event at the White House. According to ESPN, the mishap occurred as Vance attempted to lift…
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Hut 8 Corp., a prominent energy infrastructure platform, has partnered with Eric Trump and Donald Trump Jr. to establish American Bitcoin Corp., a new subsidiary dedicated to industrial-scale Bitcoin mining and the development of a strategic Bitcoin reserve. In this strategic move, Hut 8 contributed the majority of its ASIC miners to American Data…
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When CZ and Michael Saylor both posted about “Chaos” within hours of each other, it wasn’t just a coincidence—it was a revelation. In posts made within hours of each other, both emphasized chaos as a central element in their worldview. CZ posted, “Chaos and opportunity often come together,” while Saylor wrote, “Bitcoin is powered by…
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On April 9, 2025, the official White House account posted a message stating, “DO NOT RETALIATE AND YOU WILL BE REWARDED.” The post quickly gained traction, amassing over 100,000 likes on x.com. The succinct nature of the message led to diverse interpretations and debates among the public and media outlets. Some individuals speculated that it…
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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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Bitcoin Advocate Anthony Pompliano offered a comprehensive take on the evolving tariff landscape, suggesting that geopolitical tensions between the U.S. and China are reshaping global market expectations. In a recent post, he emphasized that China’s response—possibly involving the sale of U.S. Treasury holdings—could influence rising yields on the 10-year note, prompting the Federal Reserve to…
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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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In an interview with Yahoo Finance, former Trump economic advisor Judy Shelton drew a striking parallel between Donald Trump’s economic strategy and Russia’s transformative reforms during the 1980s. Shelton, a longtime critic of centralized economic planning, recalled her early career evaluating the financial collapse of the Soviet Union: “I started my career analyzing the internal…
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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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The official account of the Chinese Embassy in the United States raised eyebrows after tagging former President Donald Trump in a standalone post on X (formerly Twitter), with no accompanying text or explanation. The message, which simply read “@realDonaldTrump,” sparked speculation and confusion online, given the lack of context, imagery, or follow-up from the account.…
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President Donald Trump signed an executive order aimed at bolstering domestic production of critical minerals essential for national security and technological industries. This directive invokes the Defense Production Act to expedite the development of these resources. Key components of the order include: This initiative is part of the administration’s broader strategy to reduce reliance on…
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President Donald Trump has emphasized the necessity of increasing the United States’ electricity production to compete effectively with China. He asserts that achieving economic and technological superiority requires substantial energy resources, particularly from fossil fuels. This perspective aligns with his administration’s policies aimed at expanding fossil fuel-based energy production. For instance, Trump has pledged to…
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President Donald Trump’s recent implementation of sweeping tariffs, particularly a 54% levy on Chinese imports, is poised to significantly impact consumer electronics, notably Apple’s iPhone. Given that the majority of iPhones are manufactured in China, Apple faces a critical decision: absorb the increased costs or pass them on to consumers. Analysts from Rosenblatt Securities project…
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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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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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In a recent statement, the U.S. Securities and Exchange Commission (SEC) clarified that Proof-of-Work (PoW) cryptocurrency mining activities, such as those involving Bitcoin, do not fall under federal securities laws. The SEC’s Division of Corporation Finance noted that both solo and pooled mining operations do not meet the criteria of a securities transaction under the…
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Colorado is poised to officially designate nuclear energy as a clean energy source, following the recent passage of House Bill 25-1040 by the state Senate. The bill, which updates statutory definitions of “clean energy” and “clean energy resource” to include nuclear energy, now awaits Governor Jared Polis’s signature. The legislation’s approval marks a significant…
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Coinbase CEO Brian Armstrong attended the first-ever White House crypto summit and praised President Donald Trump’s efforts to revitalize the industry. In an interview with Yahoo Finance Senior Reporter Jennifer Schonberger, Armstrong stated, “President Trump really breathed life back into this industry over the last few years. We really felt like we were being unlawfully…
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President Donald Trump has imposed a 25% tariff on all steel and aluminum imports to the United States, effective immediately, aiming to bolster domestic manufacturing. The European Union swiftly retaliated with countermeasures targeting $28 billion worth of U.S. goods, including iconic products such as bourbon whiskey, jeans, and Harley-Davidson motorcycles. Canada, the largest supplier…
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President Donald Trump showcased several Tesla models at the White House on Tuesday afternoon, expressing his intention to purchase a Tesla vehicle. This event occurred amid a significant decline in Tesla’s stock value, which has fallen by 50% since December 2024. Standing alongside Tesla CEO Elon Musk, President Trump inspected various Tesla models, including…
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Robinhood co-founder and CEO Vlad Tenev joined CNBC’s Squawk Box to discuss the U.S. administration’s establishment of a strategic Bitcoin reserve, calling it a “sensible approach” to integrating digital assets into the national financial system. His remarks followed the White House Crypto Summit, where industry leaders and policymakers convened to discuss the role of Bitcoin…
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Ontario’s Premier, Doug Ford, announced a 25% increase in electricity export charges to the United States, effective Monday, affecting approximately 1.5 million American homes and businesses. This move is a direct response to President Donald Trump’s recent trade measures against Canada. The surcharge targets electricity exports to states including Minnesota, New York, and Michigan. Ford…
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Michael Saylor, founder and executive chairman of Strategy, attended the White House Digital Assets Summit on March 7, hosted by President Donald Trump. The event brought together industry leaders, investors, and policymakers to discuss the future of digital assets in the United States. The discussions focused on the role of cryptocurrency in national finance, regulatory…
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President Donald Trump has announced the establishment of a U.S. “Crypto Strategic Reserve,” aiming to position the United States as a leader in the global cryptocurrency market. The reserve will include prominent digital assets such as Bitcoin, Ethereum, XRP, Solana, and Cardano. This initiative seeks to bolster financial innovation and provide a hedge against inflation.…
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In a recent development, Tyler Winklevoss, co-founder of the cryptocurrency exchange Gemini, expressed reservations about including certain digital assets in the proposed U.S. Crypto Strategic Reserve. He emphasized that only Bitcoin meets the necessary criteria for such a reserve. Winklevoss elaborated that an asset suitable for a strategic reserve should embody characteristics of hard…
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Michael Saylor, Executive Chairman of Strategy, has unveiled a comprehensive digital assets framework, asserting that the United States could unlock a $100 trillion economic opportunity by adopting strategic digital asset policies. Saylor’s proposal emphasizes the establishment of a clear taxonomy for digital assets, categorizing them into digital commodities, currencies, securities, tokens, non-fungible tokens (NFTs),…
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Santa Monica’s Vice Mayor announces a presentation on the city’s Bitcoin office initiative, addressing achievements and challenges while showcasing interest in integrating cryptocurrency into local government.
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In a recent statement, Louisiana State Treasurer predicted that the Bitcoin market will balloon to $7.5 trillion by 2028. This projection aligns with the growing adoption of Bitcoin across various sectors as its role in financial systems becomes more prominent. With increasing institutional interest and mainstream integration, the future of Bitcoin looks promising. The Louisiana…
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BlackRock CEO Larry Fink and G42 CEO Peng Xiao recently engaged in a discussion at Bloomberg House in Davos, focusing on the future of artificial intelligence infrastructure and its energy requirements. According to Bloomberg, Peng Xiao emphasized that AI infrastructure could require a minimum of 200 to 300 gigawatts of power to meet global demand.…
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First Lady Melania Trump has introduced her own meme coin, $MELANIA, following the recent launch of her husband Donald Trump’s $TRUMP cryptocurrency. The $TRUMP coin experienced a volatile surge, reaching a market capitalization of approximately $32 billion shortly after its release. Similarly, $MELANIA quickly amassed a market cap exceeding $2 billion. Despite these impressive figures,…
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the United Kingdom is preparing to legally recognize cryptocurrency as personal property. This decision comes as digital assets continue to gain mainstream acceptance, paving the way for more robust legal frameworks to support their use and ownership. This recognition follows a broader push by UK lawmakers to establish clear rules surrounding digital assets, ensuring that…
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A recent opinion from Judge Sun Jie of the Shanghai Songjiang People’s Court has clarified that, under Chinese law, individuals are permitted to own cryptocurrencies like Bitcoin. Judge Sun stated that cryptocurrencies are considered virtual commodities with property attributes, making personal ownership legal. However, this recognition does not extend to commercial activities involving cryptocurrencies. Chinese…
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California Governor Gavin Newsom has announced plans to reinstate state-level electric vehicle (EV) rebates if the incoming Trump administration eliminates the federal EV tax credit. This initiative aims to maintain support for EV adoption within the state. Notably, the proposed program may exclude major manufacturers like Tesla to encourage competition and innovation among smaller EV…
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Anthony Pompliano, a prominent Bitcoin advocate and investor, has reignited debate over the idea of a United States Bitcoin strategic reserve. In a recent post on X.com, Pompliano suggested that the United States print $250 billion and allocate 100% of it to purchasing Bitcoin. His reasoning centers on Bitcoin’s unique characteristics as a hedge against…
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NASA has appointed Clayton P. Turner as the associate administrator of the Space Technology Mission Directorate (STMD), effective immediately. Turner, who has been serving as the acting associate administrator since July, will continue to oversee the development and demonstration of critical space technologies aimed at advancing future missions and maintaining American leadership in aerospace. Turner’s…
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Bhutan’s strategic investment in Bitcoin has led to the cryptocurrency comprising 39% of the nation’s Gross Domestic Product (GDP), amounting to $1.14 billion. World Coin Index This significant allocation underscores the country’s commitment to integrating digital assets into its economic framework. The Himalayan kingdom’s substantial Bitcoin holdings have been accumulated through state-run mining operations, leveraging…
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Senator Cynthia Lummis has introduced the BITCOIN Act, proposing that the U.S. Treasury acquire 1 million bitcoins over five years to establish a strategic reserve aimed at bolstering the dollar and countering inflation. MicroStrategy Chairman Michael Saylor supports the initiative, suggesting that such an acquisition could potentially reduce the national debt by $16 trillion. The…
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Trump Media & Technology Group (TMTG), the parent company of Truth Social, is reportedly in advanced discussions to acquire cryptocurrency trading platform Bakkt. The Financial Times cites sources familiar with the matter, indicating that the deal would be an all-stock transaction. Bakkt, established in 2018 by Intercontinental Exchange (ICE), offers a platform for trading digital…
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President-elect Donald Trump has nominated former Florida Attorney General Pam Bondi to serve as the next U.S. Attorney General, following the withdrawal of Matt Gaetz from consideration. Bondi, who served as Florida’s Attorney General from 2011 to 2019, is recognized for her prosecutorial experience and steadfast support of Trump, notably during his first impeachment trial.…
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The Commodity Futures Trading Commission (CFTC) has issued a notice facilitating the listing of spot Bitcoin exchange-traded fund (ETF) options, marking a significant advancement in cryptocurrency derivatives. Bloomberg Senior ETF Analyst Eric Balchunas noted that the CFTC’s action represents the “second hurdle” cleared for spot Bitcoin ETF options, with the final step involving the Options…
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President-elect Donald Trump is moving forward with plans to establish a “crypto advisory council” aimed at reshaping U.S. cryptocurrency policy. Major industry players, including Ripple, Kraken, Circle, Paradigm, and Andreessen Horowitz’s crypto arm a16z, are actively seeking positions on this council, which is expected to operate under the National Economic Council or a similar White…
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Bitcoin’s price has surpassed $90,000 for the first time, driven by market optimism following President-elect Donald Trump’s victory and his pro-cryptocurrency stance. The cryptocurrency reached a record high of $91,110, marking a 32% increase since the November 5 election. Galaxy Digital CEO Mike Novogratz suggests that if the U.S. establishes a Bitcoin reserve, the cryptocurrency’s…
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The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to OpenSea, one of the largest NFT marketplaces, signaling its intent to pursue legal action. The SEC alleges that non-fungible tokens (NFTs) traded on the platform qualify as securities, marking a significant shift in the regulatory landscape. OpenSea CEO Devin Finzer confirmed the…
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Florida’s Chief Financial Officer (CFO), Jimmy Patronis, has announced that the state holds approximately $800 million in cryptocurrency-related investments. Patronis emphasized the state’s commitment to embracing digital assets, stating, “Crypto’s not going anywhere. We’d be a fool if we’re not prepared to do everything we can to harness the opportunities there.” In a recent interview…
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Italy’s government has decided to reduce the proposed capital gains tax on cryptocurrency transactions from 42% to 28%, following significant feedback from industry stakeholders and political figures. The initial proposal, introduced in October 2024, aimed to increase the tax rate from the existing 26% to 42%, sparking widespread concern among investors and businesses within the…
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The New York Supreme Court has ordered the state’s Public Service Commission (PSC) to reassess the approval of Digihost International Inc.’s acquisition of the Fortistar North Tonawanda gas power plant, intended for cryptocurrency mining operations. The court found that the PSC failed to evaluate the transaction’s compliance with New York’s Climate Leadership and Community Protection…
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President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, as the next U.S. Secretary of Commerce. Lutnick, 63, has been a key fundraiser for Trump’s 2020 and 2024 campaigns and co-chaired the transition team. His nomination underscores Trump’s commitment to integrating business acumen into his administration. Lutnick’s leadership at Cantor Fitzgerald, a prominent…
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Detroit has announced plans to accept cryptocurrency payments for taxes and city fees starting in mid-2025, positioning itself as the largest U.S. city to embrace digital currencies for municipal transactions. The city will collaborate with PayPal to facilitate these payments. PayPal will handle the acceptance of cryptocurrencies such as Bitcoin and Ethereum, converting them into…
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Elon Musk has publicly endorsed Howard Lutnick, CEO of Cantor Fitzgerald, for the position of U.S. Treasury Secretary, highlighting Lutnick’s potential to “actually enact change.” Lutnick, a prominent figure in the financial sector, has been a vocal advocate for cryptocurrencies, particularly Bitcoin. Under his leadership, Cantor Fitzgerald has managed Tether’s Treasury portfolio since 2021 and…
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Ross Ulbricht, the founder of the Silk Road darknet marketplace, has expressed profound gratitude toward supporters who voted for President Donald Trump, trusting him to honor his commitment to commute Ulbricht’s sentence. Ulbricht, who has been incarcerated for over 11 years, conveyed his optimism about regaining freedom, stating he can “finally see the light of…
Bitcoin Versus 