The meeting reportedly happened hours before Donald Trump posted to his social media platform, echoing some of Brian Armstrong's public statements about stablecoin yield. US President Donald Trump reportedly met with Coinbase CEO Brian Armstrong just hours before issuing a statement criticizing banks for holding a market structure bill “hostage.” According to a Tuesday Politico report, Trump met privately with Armstrong after a group of Coinbase representatives went to the White House. The details of the reported meeting were unclear, but the president posted to his Truth Social channel afterwards, that “the US needs to get Market Structure done, ASAP.” “The banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda …,” said Trump in his Tu…
Ben Delo paid a $10 million fine after pleading guilty to US banking violations in 2022 and was granted a pardon by President Donald Trump in March 2025. BitMEX co-founder Ben Delo pledged 20 million British pounds ($27 million) to the London Institute for Mathematical Sciences (LIMS), ranking among the largest private donations ever made to a United Kingdom research institution outside Oxford and Cambridge, British magazine Times Higher Education reported on Tuesday. The commitment includes $13.3 million upfront and $13.3 million to be released once the Mayfair-based institute matches the amount through additional fundraising, Times Higher Education reported. The gift launches a wider campaign aimed at building an $80 million endowment to secure LIMS’ long-term future, per the report. “I…
The US military reportedly relied on Anthropic’s Claude AI for intelligence analysis and targeting during an Iran strike hours after Trump ordered a ban on the company’s systems. The US military reportedly used Anthropic during a major air strike on Iran, only hours after President Donald Trump ordered federal agencies to halt use of the company’s systems. Military commands, including US Central Command (CENTCOM) in the Middle East, used Anthropic’s Claude AI model for operational support, according to people familiar with the matter cited by The Wall Street Journal. The tool has reportedly assisted with intelligence analysis, identifying potential targets and running battlefield simulations. The incident shows how deeply advanced AI systems have become embedded in defense operations. Even…
American Bitcoin posted a $59.5 million Q4 loss while its revenue rose and its Bitcoin stack topped 6,000 coins, as peers pivot to AI and sell down treasuries. American Bitcoin Corp. (ABTC) reported a fourth quarter 2025 net loss of $59.5 million, even though its revenue climbed to $78.3 million, up 22% from the third quarter, according to its latest earnings release and 8‑K filing with the United States Securities and Exchange Commission (SEC). The Trump family‑backed Bitcoin (BTC) miner posted a Q4 gross margin of 53% and said it had “mined Bitcoin at a 53% discount” to spot purchasing. A sizable non‑cash loss on digital assets contributed to a full-year 2025 net loss of $153.2 million, driven in large part by fair‑value markdowns on its Bitcoin holdings.
US President Donald Trump has influenced cryptocurrency market movements through his policies and speeches declaring ambitious crypto goals. Over the weekend, US President Donald Trump announced a raft of new tariffs in response to a Supreme Court decision that ruled many of his previous tariff hikes unconstitutional. Following news of the tariff hikes, crypto markets tumbled in an all-too-familiar pattern that has plagued the industry since April 2025, when Trump introduced the first spate of aggressive tariffs. Analysts have long noted the downward pressure these tariffs have put on crypto markets. But the US’ 47th president also has the distinct ability to pump markets.
A person familiar with the project reportedly said the stablecoin under preliminary discussion by the board would be established as “a means to allow Gazans to transact digitally.” The Board of Peace established by US President Donald Trump, which requires a $1 billion contribution for membership, is reportedly exploring a stablecoin for use in rebuilding Gaza's economy following two years of war triggered by a Hamas terror attack in October 2023. According to a Monday Financial Times report, the board is in the preliminary stages of discussing whether a stablecoin could be used to help rebuild Gaza’s economy. A person familiar with the project reportedly said the stablecoin would not be a meme coin or a replacement for fiat currency, but rather “a means to allow Gazans to transact digital…
The price of World Liberty Financial's token dipped about 7% early on Monday, later reported to be the result of a social media and short-seller attack. World Liberty Financial, the crypto company backed by US President Donald Trump and his sons, reported being targeted by hackers, “paid influencers,” and short sellers in an effort to “manufacture chaos” against the USD1 stablecoin. In a Monday X post, World Liberty said the attack, which happened earlier this morning, failed after hackers targeted “several WLFI cofounder accounts,” opened “massive shorts” against the company’s WLFI token, and “paid influencers to spread FUD [fear, uncertainty, and doubt].” The price of WLFI dipped by about 7% amid the “manufactured chaos,” according to the company, but was trading at $0.1128 at the time o…
US President Donald Trump is now using alternative legal routes to levy tariffs, but critics say his authority to impose them is still limited. United States President Donald Trump announced on Saturday that he is raising the 10% global tariff rate announced on Friday to 15%, which will take effect immediately. Trump reiterated his criticism of the Supreme Court’s decision to strike down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). In a Saturday Truth Social post, he said: On Friday, Trump announced a 10% global tariff rate to be added on top of already existing tariffs that remained valid after the court ruling, under alternative legal statutes outlined in the Trade Expansion Act of 1962 and the Trade Act of 1974.
The tariffs are just taxes on American businesses and consumers, while providing no benefit to the economy, critics of Trump's policies say. The tariffs imposed by US President Donald Trump and the 10% global tariff announced by Trump on Friday have drawn critical reactions from US lawmakers, Washington, DC-based think tanks and attorneys. US Senator Rand Paul said that the Trump tariffs are a tax increase on “working families and small businesses,” characterizing them as a net negative on the economy. “Those tariffs weren’t about security — they were a tax on families and small businesses to bankroll a reckless trade war,” US Congressperson Ro Khanna said.
The United States Supreme Court ruled on Friday that President Donald Trump could not use national emergency powers to levy tariffs during peacetime. US President Donald Trump announced a 10% global tariff on Friday following the Supreme Court's ruling striking down his authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). Trump was critical of the Supreme Court’s decision, calling the decision “ridiculous” at Friday’s press conference, and said that he will levy the tariffs under different legal methods, including the Trade Expansion Act of 1962 and the Trade Act of 1974. Trump said: Trump’s tariffs have repeatedly caused severe downturns in markets considered high risk, including crypto and equities, as the threat of tariffs fuels uncertainty and shakes…
US President Donald Trump has repeatedly said that tariffs could help pay down the $38 trillion, and growing, US national debt. The Supreme Court of the United States (SCOTUS) issued a ruling on Friday striking down most of US President Donald Trump’s tariffs, with six of the nine Supreme Court justices ruling that the Executive Branch lacks authority to levy tariffs under the International Emergency Economic Powers Act (IEEPA). “IEEPA does not authorize the President to impose tariffs,” Friday’s ruling said, adding that the president has “no inherent authority” to impose tariffs during peacetime using the statutes in the IEEPA. The ruling read: Trump claimed that the purported inflow of drugs from Canada, China and Mexico, as well as the “hollowing out” of the US industrial base, constitu…
Although US President Donald Trump was not slated to appear at today's event, it will include two senators, the CFTC chair, and industry leaders. Lawmakers, Wall Street executives, and cryptocurrency leaders will meet at US President Donald Trump’s private Mar-a-Lago club for a crypto “forum” organized by World Liberty Financial, the company backed by Trump and his sons. Ahead of the event, the price of World Liberty’s WLFI token surged by more than 23%, to about $0.12 from $0.10. Trading volume in the past 24 hours topped $466 million. On Wednesday, the president’s sons, Eric Trump and Donald Trump Jr. — also the co-founders of World Liberty Financial — along with Coinbase CEO Brian Armstrong, BitGo co-founder and CEO Mike Belshe, CFTC Chair Michael Selig and others will gather to discuss…
The platform hopes to capture a fraction of the more than $9.6 trillion in daily trading volume in the foreign currency exchange market. World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by the family of US President Donald Trump, announced on Thursday that it will launch foreign currency exchange (FX) and remittance services for its users. The planned foreign exchange and remittance platform, called World Swap, seeks to challenge traditional remittance and FX service providers with lower fees and a simplified user interface, according to Reuters. Daily global FX trading volume surpassed $9.6 trillion in April 2025, according to a report from the Bank of International Settlements (BIS), and the personal remittances market topped $892 billion in annual volume in…
Erebor doubled its valuation to $4 billion after a $350 million Lux Capital-led funding round late last year. The United States has approved a newly created national bank for the first time during President Donald Trump’s second term, granting a charter to crypto-friendly startup Erebor Bank. The Office of the Comptroller of the Currency (OCC) confirmed the approval on Friday, allowing the lender to operate nationwide, the Wall Street Journal reported, citing people familiar with the matter. The institution launches with about $635 million in capital and aims to serve startups, venture-backed companies and high-net-worth clients, a segment left underserved after the 2023 collapse of Silicon Valley Bank.
The US House of Representatives approved a bill on Tuesday that will fund most of the government through the end of September. Lawmakers in the US House of Representatives have approved a bill that will mostly reopen the government after a four-day partial shutdown. In a Tuesday House vote of 217 to 214 in favor of the bill, the chamber approved a roughly $1.2 trillion package already passed by the Senate that will fund most of the US government through Sept. 30. The measure passed with some support from Democrats, many of whom were opposed to provisions in the bill over immigration enforcement policies. US President Donald Trump is expected to sign the legislation and reopen the government, provided there are “no changes” to the Senate bill. The legislation provides the Department of Ho…
FTX founder Sam Bankman-Fried said in a series of recent X posts that US President Donald Trump was “right on crypto,” while Joe Biden “bungled crypto.” Disgraced FTX founder Sam Bankman-Fried has ramped up his social media praise for US President Donald Trump while taking aim at former President Joe Biden, just days after Caroline Ellison, the former CEO of Alameda Research, was released from federal custody. Since Bankman-Fried’s February 2025 interview with the New York Sun and March appearance with political commentator Tucker Carlson, many see Bankman-Fried as angling for a pardon from Trump. “@realdonaldtrump is right on crypto,” Bankman-Fried said in an X post on Friday, just days after Ellison walked free after serving 440 days in prison for her role in the 2022 collapse of FTX.
US President Donald Trump nominated former Fed Governor Kevin Warsh to replace Jerome Powell as Federal Reserve chair, setting up a Senate confirmation fight. US President Donald Trump said Friday he will nominate former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank, setting the stage for a high-stakes Senate confirmation battle. The decision, announced by Trump on his social media platform Truth Social, confirmed Thursday reports that Trump would move ahead with the 55‑year‑old ex–Fed official and Morgan Stanley banker as his preferred candidate. The president said that he had known Warsh for a long time and had “no doubt” that he would go down as “one of the “GREAT Fed chairmen, maybe the best.”
A tentative deal in Washington has eased some shutdown fears, but with key votes still pending, crypto, gold and silver are trading through liquidity jitters and foreign policy risk. US Senate leaders and the White House said they have reached a bipartisan framework to avert a partial government shutdown, but the agreement still needs to clear key votes in Congress before funding actually expires. Negotiations had stalled over funding for the Department of Homeland Security and immigration enforcement, with the current stopgap spending bill set to lapse Friday at midnight Eastern Time, leaving lawmakers racing to finalize and vote on the package before the deadline. On Thursday evening, President Donald Trump stated that the “only thing” that could slow down the country was “another long a…
Kevin Warsh, seen as a more hawkish Federal Reserve chair pick, previously said Bitcoin could serve as a check on fiscal policy decisions. US President Donald Trump is expected to nominate Bitcoin-friendly Kevin Warsh as the next chair of the Federal Reserve when he announces his pick on Friday. Trump said on Thursday that he will be announcing his pick to replace the central bank’s current chair, Jerome Powell, whose term finishes in May, on Friday morning, with Bloomberg, The Wall Street Journal, and The New York Times reporting that the president is set to announce Warsh as his nomination. Reuters had earlier reported that Trump met with Warsh, who served as a Fed governor from 2006 to 2011, on Thursday, with one person briefed on the discussion saying Warsh impressed the president.
US President Donald Trump's administration is seeking to break a deadlock over crypto market structure legislation as lawmakers remain divided on stablecoin yield. Officials in the administration of US President Donald Trump are reportedly set to sit down with executives from the banking and cryptocurrency industries on Monday as lawmakers attempt to revive the stalled CLARITY Act. People familiar with the matter told Reuters the meeting will be hosted by the White House’s crypto council and will bring together industry trade groups to discuss how the bill treats interest and other rewards offered on dollar-pegged stablecoins. The legislation has been held up in the Senate for months, with a scheduled Banking Committee vote postponed earlier this month amid concerns from lawmakers and indu…
