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Elon Musk's Department for Government Efficiency (DOGE) has unveiled a plan focused on accelerating GDP growth to stave off the US recession.
Amid Trump's tariff wars and rising US Treasury yields, the US economy looks to be in a tough spot, as Elon Musk's Department of Government Efficiency (DOGE) comes up with a plan to avoid a US recession.
Accelerating GDP growth is one way to avoid the US debt crisis, a tech billionaire close to the US president said. This means a clear 180-degree shift from cutting federal spending to increasing it.


Elon Musk Reveals DOGE's Plan to Avoid US Bankruptcy
As Trump's tariff war continues, the U.S. bond market remains hot as the yield on the 10-year Treasury rose to 4.5 percent, fueling growing fears of a U.S. recession. According to Kalshi's data, the chances of a recession in the United States rose to 43%.

Elon Musk has emphasized the importance of accelerating GDP growth in order to prevent the US from sliding into bankruptcy. Acknowledging $DOGE ’s efforts, he added:
"DOGE has done and will do great work to postpone America's bankruptcy day, but government malfeasance means that only fundamental improvements in productivity can save our country".
US President Donald Trump threatened the European Union with 50 percent tariffs on Friday, prompting a sharp drop in bitcoin and the broader crypto market.
On the other hand, reports suggest that the US and India may reach a trade deal in the next 7-10 days. This flip-flop with tariffs has recently caused huge volatility in global markets.
Elon Musk's Tesla, on the other hand, remains bullish on bitcoin, which has an asset class worth $1.25 billion.
Treasury Secretary Scott Besant pivots, will the Fed?
US Treasury Secretary Scott Besant has made a strong pivot from "we're going to cut spending" to "we're going to grow our way" amid growing concerns about the US debt. In his recent interview with Fox News, Besant said:
"We can grow the economy and control the debt. The important thing is that the economy grows faster than the debt. If we change the growth trajectory of the country, the economy, we will stabilize our finances and extend the way out."
On the other hand, Austin Golsby, president of the Federal Reserve Bank of Chicago, predicted that the US Federal Reserve could start cutting interest rates within the next 10 to 16 months.
After touching an all-time high above $111K, Bitcoin price rallied and is currently trading at $108,237, down 2.6%.

#Dogecoin‬⁩ #ElonMusk. #usa #CryptoNewss #Market_Update

Tensions between China and the United States remain high, yet both powers are making efforts to keep communication channels open. The latest signal? A phone call between deputy foreign ministers, which many analysts see as a cautious diplomatic step forward.

🔹 Talks Continue – Even Without Breakthroughs
On Thursday, China’s Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau spoke by phone. The official readouts were brief and vague, but the timing suggests the call was no coincidence. It came just weeks after face-to-face talks in Geneva, where both sides temporarily lifted tariffs and pledged to work toward a broader deal.
Analysts see the call as a positive sign. “It looks like the Geneva line is actually working,” said Dan Wang of Eurasia Group, pointing to the fact that dialogue itself is rare in today’s tense climate.

🔹 New U.S. Ambassador and the Fentanyl Question
This week, Ma also met with new U.S. Ambassador to China, David Perdue, who emphasized his alignment with President Trump’s goals. One major issue on that list is U.S. pressure on China to crack down on fentanyl precursor exports, which Washington says are fueling the opioid crisis in America.
Chinese scholars expect fentanyl negotiations to become a key agenda item in the next round of talks.

🔹 Geneva Brought a Brief Truce
The Geneva meeting marked a rare moment of calm: the U.S. and China agreed to suspend most tariffs and issued a joint statement — the first of its kind since a climate agreement in November 2023.
However, while the public messaging is diplomatic, a tech conflict simmers behind the scenes. The U.S. government recently ordered domestic companies to stop using Chinese AI chips, particularly from Huawei. Beijing responded with accusations of "unilateral bullying" and warned of countermeasures.

🔹 Dimon Meets Chinese Leaders: Progress Without Clarity
On the same day as the phone call, Chinese Vice Premier He Lifeng also met with JPMorgan CEO Jamie Dimon. He told Dimon that “significant progress” had been made in trade negotiations and that China wanted to further open its markets to American companies.
However, no specific outcomes were announced, and experts remain cautious.
According to Chinese media, Dimon reportedly told officials that the U.S. does not want to decouple from China — a message that contrasts sharply with Washington’s recent moves to restrict technology exports.

🔹 Trade Talks Continue, But Tech Tensions Rise
Analysts at Nomura summarized the situation bluntly: strategic decoupling is inevitable. While Trump’s administration might lift some sector-specific tariffs, access to key technologies is likely to remain blocked. In response, China could restrict the export of rare earth metals, essential for EVs and military applications.
So while diplomats are still picking up the phone, both sides are quietly escalating their economic standoff behind the scenes.

#TradeWars , #usa , #china , #Tariffs , #TradingCommunity

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A new research report by River reveals that nearly 50 million Americans, or 14.3% of the population, own bitcoin, the highest ownership rate of any geographical region. Additionally, the report highlights that 32 American public companies, with a combined market capitalization of $1.26 trillion, hold bitcoin as a treasury asset.

Bitcoin Ownership Demographics and Corporate Adoption
According to a new research report by River, nearly 50 million Americans—14.3% of the country’s population—own bitcoin ( BTC). This proportion is the highest of any region and is more than three percentage points higher than North America’s overall ownership rate of 10.7%.
The report attributes two major factors—access and culture—as key reasons why U.S. citizens are more likely to own bitcoin than those in other developed economies. The reports that the United States’ “deep-rooted” culture of entrepreneurship, individual investing, and financial freedom has led to early adoption of BTC. Additionally, the widespread availability of bitcoin and the absence of accreditation requirements for cryptocurrency investments have made Americans more inclined to invest in BTC than other nationalities.

The research also shows that interest in or ownership of BTC is not driven by ideology, race, ethnicity, or religion. However, data suggests that males and younger Americans hold the most BTC compared to other demographic groups. The River report also supports the idea that U.S. corporations, including publicly listed companies, increasingly view bitcoin as a legitimate treasury asset.
“Thirty-two American public companies, representing a combined market capitalization of $1.26 trillion, hold Bitcoin as a treasury asset. These companies account for 94.8% of all Bitcoin owned by publicly traded firms worldwide,” the River report states.
ETF Adoption and Bitcoin’s Broader Impact
The introduction of bitcoin exchange-traded funds (ETFs) in early 2024 provided individual investors and even pension funds with exposure to BTC. The report indicates that more than half of America’s 25 largest hedge funds and investment advisors now hold bitcoin via ETFs.
Beyond its widespread ownership, bitcoin is fueling a broader financial debate about whether it or gold is the ideal asset to hold in times of economic uncertainty. Additionally, bitcoin has contributed to job creation, with more than 20,000 Americans currently employed by over 150 bitcoin-related companies.

Regarding bitcoin mining, the report states that the United States accounts for 36% of the global hashrate, more than twice China’s share. America’s hashrate dominance has increased by more than 500% since 2020.

#binance #wendy #USA $BTC