Key Points: President Trump announces increased tariffs on steel and aluminum imports. New 50% tariffs take effect June 5. Move aims to bolster the U.S. steel industry. Trump Hikes Tariffs to Bolster Domestic Steel Industry In a move impacting international trade, President Donald Trump declared that tariffs on steel and aluminum imports will double starting … Read more
President Donald Trump and his business partners appear to be launching their own crypto wallet, one linked to his Solana-based meme coin and rolled out in partnership with major NFT marketplace Magic Eden. A site where users can sign up for a waitlist to gain access to the wallet launched Tuesday. A Magic Eden spokesperson confirmed … Read more
In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from the 463 bitcoins mined in April and … Read more
BitGo partners with VivoPower to purchase $100M worth of XRP for its treasury acquisition strategy. The platform’s over-the-counter trading desk will manage VivoPower’s XRP purchase. VivoPower files for a public offering while leveraging BitGo for digital asset strategy. BitGo, one of the top digital asset platforms, has partnered with publicly listed VivoPower International PLC to … Read more
The cryptocurrency market is experiencing sharp swings, with Bitcoin falling from $111K to around $103K before climbing back to nearly $106K. This rebound gives investors some relief after a tough week of losses. The crypto Fear and Greed Index also reflects this shift, dropping from last week’s 76 to a more neutral 57, signaling cooler … Read more
Blockchain-powered advertising firm Veraviews has launched the UAE’s first domestically developed advertising exchange and supply-side platform. Veraviews SSP Targets UAE Ad Transparency The Dubai-based blockchain company Veraviews introduced the Ad Exchange and SSP under the United Arab Emirates (UAE) Ministry of Economy’s NextgenFDI initiative. The platform connects advertisers directly with UAE publishers to sell digital … Read more
XRP advocate Jake Claver, Managing Director of Digital Ascension Group, recently weighed in on how XRP’s price could react to the launch of spot ETFs. In a recent disclosure, Claver expressed his anticipation that XRP spot ETFs could launch this year. Notably, the SEC has postponed decisions on filings from firms like Grayscale, Franklin, and … Read more
US Senator Cynthia Lummis has indicated that certain divisions within the American military are backing the idea of a national Bitcoin reserve to address threats from economic wars. During a Bloomberg interview on June 3, Lummis said that some US generals, especially those based in Southeast Asia, support the idea of storing BTC as part … Read more
Today, H100 Group AB announced it has entered a SEK 21 million convertible loan from an investment agreement with Adam Back, with the option to expand his investment to SEK 277 million through a five-tranche convertible loan deal. The proceeds will be used to buy Bitcoin in alignment with H100 Group’s long-term Bitcoin treasury strategy. … Read more
Key Points: Goolsbee’s positive inflation statement contrasts with tariff inflation concerns. Market reactions unclear due to mixed signals on inflation trends. Potential financial shifts depend on future tariff policy outcomes. Federal Reserve Optimistic on Inflation While Tariff Concerns Persist Federal Reserve official Austan Goolsbee commented positively on recent inflation reports on June 2, 2025. Yet, … Read more