Posts from multiple users on social media platform X on Friday shared an image of an alleged Truth Social post of United States President Donald Trump’s angry rant against Indian Prime Minister Narendra Modi. However, the image is fake and no such post was shared. On Wednesday, Trump imposed a 25 per cent tariff on goods imported from India from August 1, along with an unspecified penalty for buying Russian weapons and oil, potentially straining relations with the world’s most populous democracy. He also declared the Indian economy dead in the water. The US decision singled out India more severely than other major trading partners, and threatened to unravel months of talks between the two countries, undermining a key strategic partner of Washington and a counterbalance to China. Today, an X user, who seems to be Indian from previous posts, shared an image allegedly showing a post by Trump on Truth Social with the caption: “Disgruntled lover.” The post in the image stated: “So hard to believe that Prime Minist...
Shares of Coinbase, Riot Platforms and CleanSpark plunged amid a broader market sell-off driven by weak jobs data, inflation concerns and renewed tariff threats. Shares of US crypto companies fell sharply on Friday amid a broader sell-off in risk assets, driven by disappointing economic data and renewed tariff threats. Shares of Coinbase (COIN), Riot Platforms (RIOT) and CleanSpark (CLSK) dropped between 7% and 16% in Friday trading. The declines mirrored broader market weakness, with the Dow Jones Industrial Average losing over 600 points, the S&P 500 falling 1.6% and the Nasdaq Composite down more than 2% in early trading. Coinbase's losses extended a sell-off that began after hours on Thursday, following the company’s disappointing quarterly results. The crypto exchange reported $1.5 billion in revenue for the second quarter, but transaction volumes fell, weighing on results. Read more
A wallet has scooped up over 331 million Pi coins during a major price slump, raising questions about insider moves or a strategic bet on Pi’s future. Over the past three months, a mysterious crypto wallet labeled GAS…ODM has quietly amassed 331 million Pi coins — a haul worth around $148.5 million, according to Piscan and other tracking tools. This wave of accumulation stands out because it unfolded during a steep 70% drop in Pi Coin (PI) price since May. Read more