Trump offers light relief for Bitcoin price action while calling Fed Chair Jerome Powell a "stupid person" with interest-rate cut hopes absent. Key points: Bitcoin sees light relief as US President Trump reveals that Iran had been in touch. Trump calls Fed Chair Jerome Powell “stupid” as markets see no chance of an interest-rate cut at the June 18 FOMC meeting. Read more
President Donald Trump dramatically stepped up his rhetoric against Iran’s supreme leader on Tuesday amid the country’s ongoing fighting with Israel, saying on social media that the United States knows where Ayatollah Ali Khamenei is located but will not kill him “for now.” The comments fuel questions as to whether Washington would join Israel’s attacks after insisting it had no hand in the campaign. Trump’s sometimes contradictory and cryptic messaging about the conflict has deepened the uncertainty surrounding the crisis. His public comments have ranged from military threats to diplomatic overtures, not uncommon for a president known for an often erratic approach to both domestic and foreign policy. In another post, Trump also appeared to demand Iran’s “unconditional surrender!” as he fuelled questions about whether the US would join Israel’s attacks on Tehran’s leadership and nuclear facilities. “We know exactly where the so-called ‘supreme leader’ is hiding. He is an easy target, but is safe there — We ar...
Bitcoin has lost recent gains in a $2,000 slide as Middle East tensions escalated on Monday night. Bitcoin and cryptocurrency markets are dipping again as tensions in the Middle East further escalate, with US President Donald Trump leaving a summit of world leaders and posting an ominous message about Tehran. Trump has reportedly requested that the National Security Council be prepared in the White House Situation Room as he returned early from the G7 summit in Canada on Monday, Reuters reported. The report comes just hours after Trump took to his social media platform, Truth Social, with a chilling message: “Everyone should immediately evacuate Tehran!” Read more
Trump’s social media platform, Truth Social, proposed the issuance of a dual-spot Bitcoin and Ether ETF, backed by assets held by Crypto.com. US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether. Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital. The trust seeks to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) by offering shares backed by the crypto assets, removing the complexities stemming from direct investment. Read more
Group of Seven (G7) leaders will gather in the Canadian Rockies starting on Sunday amid growing splits with the United States over foreign policy and trade, with host Canada striving to avoid clashes with US President Donald Trump. While Canadian Prime Minister Mark Carney says his priorities are strengthening peace and security, building critical mineral supply chains and creating jobs, issues such as US tariffs and the conflicts in the Middle East and Ukraine are expected to feature heavily. US ally Israel launched a barrage of strikes across Iran on Thursday, a blow to Trump’s diplomatic efforts to prevent such an attack. The summit will take place in the mountain resort of Kananaskis, some 90 kilometres west of Calgary. The last time Canada played host, in 2018, Trump left the summit before denouncing then Canadian Prime Minister Justin Trudeau as “very dishonest and weak” and instructing the US delegation to withdraw its approval of the final communique. “This will be a successful meeting if Donald Trump...
US President Donald Trump hosted the largest US military parade in decades on his 79th birthday on Saturday, as protesters rallied across the country to accuse him of acting like a dictator. Trump hailed the United States as the “hottest country in the world” after watching tanks, aircraft, and troops file past him in Washington to honour the 250th anniversary of the US army. But it formed a stark split screen with turmoil at home and abroad, as police used teargas to disperse protesters in Los Angeles and US ally Israel traded missile fire with Iran in a rapidly escalating conflict in the Middle East. Trump’s parade on an overcast night in Washington came after tens of thousands of “No Kings” demonstrators thronged the streets in cities including New York, Philadelphia, Houston and Atlanta. Trump largely avoided his usual domestic political diatribes in an unusually brief speech, and instead focused on praising the US army, saying that they “fight, fight, fight, and they win, win, win”. View this post on Ins...