The change in US Treasury leadership could change the department's attitude towards cash held at the Federal Reserve, with strategists warning that the move could affect the US bond market. Bank of America and Wrightson ICAP LLC, among others, said the Treasury could reduce the amount of money held in Fed accounts as the cash balance - the cushion that ensures the US can pay its bills - shrinks. This would allow the government to issue fewer short-term bonds and further...
Bill McGinley, the chief counsel of the Department of Government Effectiveness (DOGE) under Musk, announced his resignation just days after Trump returned to the White House.
On January 22, the QCP released a daily market watch saying that the new leadership of the US SEC has established a special working group dedicated to developing a regulatory framework for crypto assets. Led by crypto mom Hester Peirce, it is expected to be a turning point in the digital asset space. After the initial disappointment after Trump's inauguration gradually subsided, Bitcoin has rebounded 3.8% and stabilized at around $105,000. However...
The Democratic leader of the U.S. House Financial Services Committee, California Rep. Maxine Waters, echoed the concerns of many cryptocurrency users and lawmakers who have accused Trump of harming legitimate projects in the cryptocurrency industry with the launch of Meme. Waters said in a statement on Jan. 20 that Official Trump (TRUMP) represents "the worst of Crypto" and...
The leadership of the Ethereum Foundation is expected to undergo major changes, which may be related to the widespread criticism from the community.
US billionaire Ramaswamy had planned to co-lead the Department of Government Effectiveness with Musk, but could now enter the US Senate. Trump wants Ramaswamy to replace the Ohio seat left by Vice President-elect Vance, and Ramaswamy is open to it, according to a person familiar with the matter. (Kim 10)
TikTok leadership said in an internal memo that it plans to continue paying U.S. employees even if the U.S. Supreme Court does not overturn laws that force the sale of U.S. TikTok or ban TikTok in the U.S. TikTok has 7,000 employees in the U.S., according to market sources.
A British court has ordered the seizure of about $4.30 million worth of bitcoin by crime kingpin Alexander Surin, also known as Don Car-Leone, after he failed to prove that the crypto assets were obtained through legal means. The decision follows an investigation into Surin's financial transactions, which were linked to his criminal activities. Surin fled to Dubai after being convicted of drug trafficking in France in 2015, after his vast wealth, including luxury cars and property in London, was...
With Trudeau announcing his resignation as leader of the Liberal Party and stepping down as prime minister after the party selects its next leader through a robust national competitive process, prediction market Polymarket shows that the current crypto-friendly Pierre Poilievre has a 92% chance of being elected prime minister of Canada. Previously, the Conservative Party of Canada has elected Pierre Poilievre, an Ontario MP who supports bitcoin, as the new leader of the party. As the new leader ...
Strive Asset Management, a company co-founded by Vivek Ramaswamy, who leads the US Department of Efficiency with Mr. Musk, is preparing to launch a "Bitcoin Bond" ETF, according to a BitcoinMagazine article on the X platform.
On January 5th, the Economic Daily wrote an article "Strict Characters to Cure and Manipulate the Market". The article pointed out that market supervision, communication management, financial supervision, public security and other departments should strengthen data connectivity and sharing, strengthen governance in key areas, and unblock the connection of punishment and execution. At the same time, make good use of big data, cloud computing, blockchain and other Internet technology means to accu...
Led by Musk, Zuckerberg, and Huang Renxun, the world's 500 richest people will reach a new milestone in 2024: reaching a total net worth of $10 trillion. The unstoppable rise of US technology stocks has played a key role in the growth of these three people's wealth, and has also driven up the net worth of Larry Ellison, Bezos, Michael Dell, and Google co-founders Larry Page and Sergey Brin.
Led by Elon Musk, Mark Zuckerberg, and Jen-Hsun Huang, the world's 500 richest people are on track to reach a new milestone in 2024: a combined net worth of $10 trillion. The unstoppable rise in US technology stocks has played a key role in the growth of these three men's fortunes, and has also boosted the net worth of Larry Ellison, Bezos, Michael Dell, and Google co-founders Larry Page and Sergey Brin. The assets of these eight tech giants alone will rise by more than $600 billion in 2024. Dom...
In a letter to congressional leaders, Janet Yellen, Treasury secretary, said the Treasury expected the US to hit the debt ceiling as early as January 14-23, 2025, and that "extraordinary measures" might be needed to avoid the federal government falling into default. Risk assets ended weaker just before the letter was released. US stocks fell, with the Standard & Poor's 500, Nasdaq 100 and Dow Jones Industries Average all down about...
Ahmed Shala, leader of the Syrian Liberation Army of Sham: We will announce the dissolution of the Sham Liberation Organization (HTS) at the National Dialogue Conference.