WASHINGTON: The White House said on Thursday that President Donald Trump will make a decision on whether the U.S. will get involved in the Israel-Iran conflict in the next two weeks. Citing a message from Trump, White House Press Secretary Karoline Leavitt told reporters: “Based on the fact that there’s a substantial chance of negotiations […]
An umbrella company controlled by the president and his family has reportedly been reducing its stake in World Liberty Financial since December 2024. One of the companies connected to US President Donald Trump and his family’s position in World Liberty Financial (WLF) has reportedly reduced its stake in the cryptocurrency platform in the last 11 days. According to a Thursday Forbes report, DT Marks DeFi LLC, an umbrella company controlled by Trump and his family, has been slowly reducing its stake in WLF. The report noted that DT Marks DeFi LLC had a 75% stake in WLF as of December 2024, but World Liberty’s website said the company owned “approximately 60%” as of January — a stake that was further reduced to 40% sometime after June 8. While it's unclear whether the Trump family profited from the move, a Forbes analysis suggested that proceeds from such a sale could amount to millions of dollars. Read more
US President Donald Trump wants House members to pass the key stablecoin bill “LIGHTNING FAST” so that he can sign it into law. US President Donald Trump has urged the House to pass the Guiding and Establishing National Innovation for US Stablecoins Act as soon as possible so he can officially sign it into law. ”The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump said before calling on the House of Representatives to pass the bill “LIGHTNING FAST” in a Truth Social post on Thursday. ”Get it to my desk, ASAP — NO DELAYS, NO ADD ONS,” the US president said of the GENIUS Act. His post came after the US Senate passed the GENIUS Act in a 68-30 vote on Tuesday. A vote in the House is next, where Republicans also hold a slim majority over Democrats. Many proponents of the GENIUS Act believe it would play a crucial role in maintaining US dollar dominance in global finance. Read more
President Donald Trump left the question of whether the United States will join Israeli strikes on Iran up in the air on Wednesday, as he said that Tehran had reached out to seek negotiations. “I may do it, I may not do it. I mean, nobody knows what I’m going to do,” Trump told reporters as he supervised the installation of a new flagpole on the White House South Lawn. Meanwhile, Iran’s Supreme Leader Ayatollah Ali Khamenei said in a televised message that the country “will stand firm against an imposed war, just as it will stand firm against an imposed peace” as the archfoes entered their sixth day of war. Israel launched wide-scale air strikes against Iran’s nuclear facilities, military sites and private residences on Friday, killing top commanders, scientists, and civilians. It claimed the strikes are part of a broader operation codenamed ‘Rising Lion’ to deter Tehran’s nuclear ambitions, which the latter has consistently denied, saying its uranium enrichment programme is for civilian purposes. Latest deve...
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