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...
Tens of thousands of Americans attended rallies on Saturday to protest United States President Donald Trump’s aggressive immigration crackdown in major cities from New York to Atlanta to Los Angeles, on a day marred by the assassination of a Democratic lawmaker in Minnesota. The protests marked the largest outpouring of opposition to Trump’s presidency since he returned to power in January, and came the same day that thousands of military personnel, vehicles and aircraft would march through and fly over Washington DC in a parade celebrating the US Army’s 250th anniversary. Saturday is also Trump’s 79th birthday. The Republican president has ordered National Guard troops and US Marines to Los Angeles, a heavily Democratic city — a deployment that California Governor Gavin Newsom has challenged in court. Anti-Trump groups planned nearly 2,000 demonstrations of varying sizes across the country to coincide with the parade. Many are taking place under the theme ‘No Kings’, asserting that no individual is above the...
Nationwide protests against President Donald Trump, tensions in the Middle East amid Israel’s strikes on Iran and expected rainy weather in Washington on Saturday could dampen spirits at a military parade on the US Army’s 250th anniversary, set to feature tanks on the streets and aircraft flying overhead. Trump, whose 79th birthday is also on Saturday, will preside over the parade. Week-long protests in Los Angeles against Trump’s immigration crackdown have spread to multiple cities including Chicago, New York, San Antonio, Texas, and Washington. The Republican president has ordered National Guard troops and US Marines to Los Angeles, a heavily Democratic city — a deployment that California Governor Gavin Newsom has challenged in court. Anti-Trump groups are planning to hold nearly 2,000 demonstrations of varying sizes across the country to coincide with the parade. Many are taking place under the theme “No Kings,” asserting that no individual is above the law. The protests, if they go as planned, would repre...