US Treasury Secretary Scott Bessent made noteworthy assessments of the FED in his statements to Fox Business. Bessent argued that the Fed should have cut interest rates in June, given accurate economic data. Bessent, who stated that the Trump administration is “open-minded” in selecting the Fed Chair, said they are looking for a vision for
Stocks gained on Tuesday following the release of the latest inflation data for the United States, with the Dow Jones Industrial Average jumping more than 500 points and both S&P 500 and Nasdaq Composite edging towards record highs. Summary U.S. stocks inched higher as investors reacted to latest inflation data. The S&P 500 broke above
The world of cryptocurrency is often full of surprises, and recent reports about Trump crypto earnings certainly fit that description. According to an estimation by The New Yorker, former President Donald Trump has amassed an astonishing $2.4 billion from various crypto-related ventures since 2022. This figure highlights a significant financial intersection between politics and the
Former Binance dealmaker Ryan Horn has joined the advisory board of Hilbert Group, a Sweden-based, publicly listed digital asset manager, to support the rollout of Syntetika, its onchain platform for tokenized assets and funds. At Binance, Horn secured high-profile partnerships, including a deal with football star Cristiano Ronaldo. Hilbert Group manages crypto-focused investment products for
US President Donald Trump has gained roughly $2.4 billion from his crypto-related ventures since entering the space in 2022, according to estimates from The New Yorker. The gains show a diversification of the Trump family’s crypto income streams and raise new concerns for a Commander-in-Chief overseeing the industry’s regulation in the United States. According to
A significant development is emerging from Eastern Europe, capturing the attention of the global cryptocurrency community. The President of Belarus, Alexander Lukashenka, has recently voiced unequivocal and strong Belarus crypto support, signaling a potentially transformative shift in the nation’s economic landscape. According to reports from “The Bitcoin Historian” on X, President Lukashenka highlighted Bitcoin and
The Trump administration is expanding its shortlist of candidates to replace Federal Reserve Chair Jerome Powell, whose term expires next year. The goal is to find a candidate who can command the trust of both President Donald Trump and the financial markets. According to administration officials, among the names being considered are current Fed Vice
Crypto trading remained the backbone of eToro’s business in the second quarter, generating roughly 91% of the company’s total revenue, according to its latest earnings report. That’s down slightly from the 93% share recorded in the first quarter, suggesting a modest increase in the contribution from equities and other trading segments. For the three months
The crypto world is buzzing with the phenomenal news: crypto exchange Bullish’s initial public offering (IPO) has been astonishingly oversubscribed by more than 20 times. This remarkable event, initially reported by Walter Bloomberg on X, highlights a surging investor appetite for digital asset ventures. It’s a clear signal that confidence in the cryptocurrency sector remains
Tensions continue between US President Donald Trump and Fed Chair Jerome Powell over interest rates. Trump frequently insults Powell, accusing him of being late to cut interest rates. Following the inflation figures announced hours ago, Trump made a new post on his Truth Social account and once again stated that Fed Chair Powell should lower