Donald Trump’s crypto agenda claims to champion financial freedom, but the real beneficiaries are political insiders and wealthy elites. Opinion by: Pauline Shangett, chief strategy officer at ChangeNOW Bitcoin optimism is naturally running high. US President Donald Trump’s trade agreement with the UK has provided a jolt of confidence in global markets, and Bitcoin (BTC), as the ultimate borderless asset, is reaping the benefits. Unfolding behind the Trump administration’s aggressive push to deregulate the crypto industry, however, is a consolidation of power that favors the few while ignoring the many. Read more
The proposal, which launched voting on Wednesday, had more than 99% support from roughly five billion tokens at the time of publication. World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, has opened a proposal for voting to make the platform’s governance token tradable. As of Wednesday, a proposal to make the World Liberty Financial token (WLFI) tradable had received more than 99% support from users, with voting scheduled to end on July 16. If approved, the plan could unlock significant amounts of WLFI tokens, though it stated that “founders, team, and advisor tokens” — seemingly including those held by Trump and his family — would not be immediately available for trading. “This would mark a major milestone in the development of the World Liberty Financial ecosystem and opens the door for broader community participation, access, and protocol development,” said the proposal. Read more
U.S. President Donald Trump issued final tariff notices to seven minor trading partners on Wednesday as his administration inched closer to a deal with its biggest trading partner, the European Union. Trump said in posts on his Truth Social media platform that starting August 1 he would impose a 20% tariff on goods from the Philippines, 30% on goods […]
Russia targeted Ukraine with a record 728 drones overnight, shortly after US President Donald Trump pledged to send more defensive weapons to Kyiv and aimed unusually direct criticism at Russian President Vladimir Putin. Ukrainian air defence units destroyed almost all the drones, including through electronic jamming systems, Ukraine’s air force said on the Telegram messaging app. The attack, which follows a series of escalating air assaults on Ukraine in recent weeks, showed the need for “biting” sanctions on the sources of income Russia uses to finance the war, including on those who buy Russian oil, Ukrainian President Volodymyr Zelensky said on Telegram. Trump said on Tuesday he was considering supporting a bill in the Senate that would impose steep sanctions on Russia, including 500 per cent tariffs on nations that buy Russian oil, gas, uranium and other exports. “We get a lot of ‘b******t’ thrown at us by Putin … He’s very nice all the time, but it turns out to be meaningless,” Trump said at a cabinet m...