politics
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The White House has expressed optimism about the passage of Bitcoin regulation by August. This development aligns with the broader legislative efforts to establish a regulatory framework for cryptocurrencies. Notably, the bipartisan Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, aimed at regulating stablecoins, has faced challenges in the Senate. Despite initial bipartisan…
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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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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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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…
