The possibility of US President Donald Trump dismissing Fed Chair Jerome Powell has been raised again. National Economic Council Director Kevin Hassett said today that Trump may fire Powell due to cost overruns on the Fed’s headquarters renovation project. It’s well known that the Trump administration has been pressuring Powell to cut interest rates for
Singapore avoided a technical recession as its economy grew more than expected in Q2 2025. According to advance estimates from the Ministry of Trade and Industry (MTI) released Monday, the city-state’s economy expanded by 1.4% on a seasonally adjusted annualized basis—bouncing back from a 0.5% contraction in the previous quarter and beating economists’ forecast of
Leading cryptocurrency Bitcoin (BTC) started the new week with a new record high. The price of BTC surpassed $120,000 for the first time in its history. According to Binance data, BTC briefly broke above $121,000, setting a new record. It is currently up 2.8%, reaching $121,500. While the main reasons for the rise in Bitcoin
DeFi’s multi‑chain story this week is one of both consolidation and diversification. According to DeFiLlama’s July 12 data, the ten blockchains locking up the most capital saw a combined Total Value Locked (TVL) of over $114 billion, with Ethereum alone accounting for nearly two‑thirds of that total. While Ethereum’s TVL jumped almost 11% on the back of
Bitcoin BTC$119,916.39 rose past $120,000 for the first time on record, taking the year-to-date gain to 28%. BTC is currently trading above $121,000 as of midday Hong Kong time, according to CoinDesk market data. (CoinDesk) The move follows President Donald Trump’s decision to impose a 30% tariff on the EU and Mexico, starting Aug. 1,
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Andrew Bailey, the Governor of the Bank of England, has issued a warning to the world’s largest banks against issuing their own stablecoins, setting up a potential regulatory and ideological clash with the Trump administration in the United States, which has been actively encouraging stablecoin adoption. In a recent interview, Bailey said he would much
Caffeine is an innovative platform built on the Internet Computer (ICP) blockchain that enables users to create decentralized Web3 applications using natural language commands — no coding skills needed. By simply describing what they want, users interact with an AI-powered system that instantly generates fully functional, secure, and scalable apps running entirely on-chain. These apps
“Hyperbitcoinization” — an almost apocalyptic term evoking end-of-days fiat collapse and bitcoin’s parabolic rise to global reserve status — is increasingly being discussed in more serious circles. For hardcore bitcoin maximalists, it’s long been the ultimate scenario: a financial utopia where individuals, institutions and even nations are all-in on a bitcoin-only system as the fiat-based