Tag: trump

Bitcoin exchange reserves just hit a level not seen since the Trump midterms

admin

The amount of Bitcoin sitting on centralized exchanges just dropped below 2.708 million BTC. That’s the lowest reserve level since November 2018, when Donald Trump was dealing with midterm election results and Bitcoin was trading under $4,000. Back then, low exchange reserves meant nobody cared enough to trade. Today, it likely means the opposite — holders are pulling coins into cold storage and refusing to sell. What the numbers actually mean Exchange reserves track how much Bitcoin is held in wallets controlled by centralized platforms like Coinbase, Binance, and Kraken.…

Trump Son Echoes President’s Anti-Bank Message amid Stablecoin Yield Fight

admin

The post from Eric Trump, tagging his crypto company, came hours after his father claimed banks were holding a market structure bill “hostage.” Eric Trump, son of US President Donald Trump and one of the co-founders of the family-backed crypto business World Liberty Financial, has jumped on the anti-bank messaging that many in the industry are espousing amid disagreements over how to handle stablecoin rewards. In a Wednesday X post, Eric Trump echoed his father, claiming that banks were “desperately targeting” cryptocurrencies and stablecoins as discussions lag on the market…

Anthropic Reopens Pentagon Talks as Trump Weighs Supply Chain Risk Label

admin

Anthropic CEO Dario Amodei has reportedly reopened negotiations with the US Department of Defense in a last-minute effort to secure continued access to Pentagon contracts as the company faces the possibility of being labeled a supply chain risk by the Trump administration. Amodei has been holding discussions with Emil Michael, the US undersecretary of defense for research and engineering, to finalize terms governing the military’s use of Anthropic’s artificial intelligence models, the Financial Times reported, citing people familiar with the matter. A new agreement would allow the Pentagon to keep…

Trump held private meeting with Coinbase CEO Brian Armstrong before urging banks to support crypto bill

admin

A delegation from Coinbase, led by CEO Brian Armstrong, was at the White House on Tuesday, according to Crypto in America’s Eleanor Terrett. The visit was reported hours after President Donald Trump issued a statement on Truth Social, urging banks to make a deal with crypto firms over the key crypto market structure bill. It was confirmed by Politico that Trump had held a closed-door meeting with Armstrong before making his public comments. In his remarks, Trump criticized banks for standing in the way of pro-crypto bills such as the…

Trump pressures banks to make deal with crypto firms over market structure bill

admin

President Donald Trump has urged major banks to halt efforts he says are weakening the digital asset industry and instead to work with crypto firms to advance key market structure legislation, the CLARITY Act. In a statement on Truth Social on Tuesday, the US commander-in-chief asserted that the US must move quickly to secure its position in the global crypto race and that market structure reform is essential to provide clarity for companies and investors while keeping the industry anchored in America. This is viewed as the toughest intervention so…

Trump Hits Out at Banks Over Stalled Crypto Bill

admin

US President Donald Trump has taken a shot at banks for stalling the crypto market structure bill from advancing in the Senate over stablecoin yield payments. “The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump posted on his Truth Social platform on Tuesday, mentioning the GENIUS Act that Congress passed in July to regulate stablecoins. “The U.S. needs to get Market Structure done, ASAP,” he added. “The Banks are hitting record profits, and we are…

Trump Media Considers Spinning Out Truth Social

admin

Trump Media & Technology Group said it is considering spinning out its flagship social media platform, Truth Social, into a publicly traded company, a move that could see it prioritize its crypto ambitions. The Donald Trump-founded company said on Friday that it is discussing the potential deal with energy fusion startup TAE Technologies and Texas Ventures Acquisition III, a blank check company that would take control of the social media platform. The discussions build on Trump Media’s merger agreement with TAE Technologies in December in a deal worth more than…

Trump confirms launch of operation against Iran

admin

President Donald Trump on Saturday declared that US military forces had initiated large-scale combat operations against Iran to eliminate imminent threats, respond to long-standing Iranian actions, and protect American national security interests. “The United States military is undertaking a massive and ongoing operation to prevent this very wicked, radical dictatorship from threatening America and our core national security interests. We are going to destroy their missiles and raise their missile industry to the ground,” Trump said in a video address. “We are going to annihilate their navy.” Trump, who ordered…

Trump orders federal agencies to halt Anthropic use amid dispute over military AI terms

admin

The White House announced today it will halt all federal use of Anthropic technology, triggering a six-month transition period across government agencies. President Donald Trump directed the phase-out in a Truth Social post, accusing the AI developer of attempting to override military authority by enforcing internal usage restrictions. Trump characterized the move as a defense of executive power, asserting that private firms cannot dictate how armed forces operate. The directive follows stalled negotiations between Anthropic and the Pentagon over the military use of its Claude model. A Friday 5:01 p.m.…

Trump Media explores Truth Social spin-off following merger plans

admin

Trump Media & Technology Group (TMTG), which runs President Trump’s social media platform, said Friday it is evaluating a plan to spin off Truth Social into a standalone, publicly traded company. The spin-off would be part of a corporate restructuring that is under discussion among TMTG, TAE Technologies, and Texas Ventures Acquisition III. In late 2025, TMTG announced a merger with fusion energy firm TAE Technologies in an all-stock deal valued at over $6 billion. The combined company plans to begin construction of a utility-scale fusion power plant this year.…