Trump Pressure on Fed Fuels $15B Bitcoin ETF Boom
Bitcoin is back in the spotlight as bullish momentum gains steam, largely fuelled by political drama in the U.S. and rising investor interest in spot Bitcoin ETFs. Over the past three months, U.S.-listed Bitcoin ETFs have attracted over $15 billion in inflows, despite Bitcoin trading sideways since mid-May. According to
Trump’s Tariff Move Triggers Crypto Crash and Market Turmoil
The global cryptocurrency market has taken a sharp hit, dropping by 4.5% in the last 24 hours, after former US President Donald Trump issued fresh tariff letters to 14 countries. This decision not only shook digital asset markets but also dragged down crypto-related stocks and the wider US stock market.
Trump Threatens DOGE Audit on Elon Musk
As tensions rise in Washington, a new political feud between Donald Trump and Elon Musk is making waves across financial markets. Trump has threatened to launch a “DOGE audit” against Musk, a pointed jab aimed at scrutinising the billions in government subsidies Musk’s companies have received. The unexpected move comes
Trump Slams Fed Ahead of Rate Decision, Bitcoin Holds Its Breath
Just hours before the U.S. Federal Reserve’s highly anticipated interest rate announcement, President Donald Trump launched a scathing attack on Fed Chair Jerome Powell, reigniting political pressure on the central bank. Speaking from the South Lawn of the White House, Trump labelled Powell “stupid” and accused him of costing the
Trump’s Crypto Empire: $600M Windfall Revealed in Financial Disclosure
Donald Trump’s latest financial disclosure has unveiled a staggering $600 million in income from ventures spanning cryptocurrency, real estate, licensing deals, and golf resorts. The document, released on Friday and believed to cover the 2024 calendar year, provides rare insight into how deeply the former president is now involved in
Elon Musk’s xAI Seeks $5B Loan from Morgan Stanley
Elon Musk’s artificial intelligence company, xAI, is making headlines once again, this time for seeking a massive $5 billion debt financing deal through Morgan Stanley. This move comes during a turbulent period marked by regulatory uncertainty, political tensions with Donald Trump, and market volatility, especially across crypto and tech stocks.
Bitcoin Profit-Taking Surges After Record High
Bitcoin’s recent price surge has reignited interest and speculation across the crypto markets. A notable bullish signal was confirmed on May 22 when Bitcoin’s 50-day Simple Moving Average (SMA) crossed above its 200-day SMA, a technical pattern known as the golden cross. This indicator typically suggests long-term upward momentum, often
Elon Musk Exits DOGE Role Amid Political Backlash
Elon Musk has officially stepped down from his controversial post as head of the Department of Government Efficiency (DOGE), a short-term federal role he described as an “uphill battle.” Appointed as a Special Government Employee under President Donald Trump’s administration, Musk’s tenure was capped at 130 days by law. That
GameStop Bets Big on Bitcoin with $500 Million Investment
In a significant strategic pivot, GameStop has announced its first major foray into the cryptocurrency space with a purchase of 4,710 bitcoins, valued at over $500 million. The move, revealed on Wednesday, marks the company’s adoption of Bitcoin as a treasury reserve asset, aligning itself with a growing number of
Trump’s Meme Coin Gala: Profits, Losses and Political Intrigue
Former US President Donald Trump’s extravagant dinner for the top 220 holders of his $TRUMP meme coin has set the political and financial worlds abuzz. Held at his private golf club in Virginia, the Thursday night gala was billed as a celebration of innovation and crypto enthusiasm. In reality, it