US President Donald Trump has received a royal welcome after arriving in Saudi Arabia, his first stop of a three-day tour that will also see him visit Qatar and the United Arab Emirates.
Trump and Crown Prince Mohammed bin Salman sign an economic partnership agreement, as two countries announce cooperation in energy, mining and defence, among others.
“We like each other a lot,” Trump says during talks with Crown Prince Mohammed bin Salman as he hopes to secure a $1 trillion investment in US industry.
The two leaders have also met a long list of major US business executives who are also in Riyadh for a Saudi-US investment forum.
Kuwait's Crackdown on Crypto Mining: Kuwait has initiated a comprehensive crackdown on cryptocurrency mining, blaming it as a significant contributor to the country's ongoing power crisis. The Interior Ministry announced the start of a security operation targeting homes illegally used for mining cryptocurrencies. Although cryptocurrency trading is banned in Kuwait, there are currently no specific laws addressing mining. The nation faces an acute energy shortage exacerbated by population growth, urban expansion, rising temperatures, and delayed maintenance of power plants. With electricity heavily subsidized and prices low, crypto miners have exploited the situation. Reuters+1Reuters+1
European Union's Upcoming Ban on Anonymous Crypto: The European Union plans to ban anonymous cryptocurrencies and privacy tokens by 2027. This move aims to enhance transparency and prevent illicit activities associated with untraceable digital assets
Morgan Stanley is reportedly considering adding cryptocurrency trading to its E*Trade platform, potentially beginning in 2026. The bank is currently in discussions and exploring partnerships with established cryptocurrency firms to facilitate the implementation. This strategic expansion into crypto could increase competition for platforms like Robinhood and Coinbase, as Bitcoin recently surged to near $97,000. The initiative aligns with a broader shift in regulatory attitudes under the Trump administration, which has adopted a more lenient stance toward crypto enforcement. President Trump has expressed intentions to position the United States as the "crypto capital of the planet."
Bitcoin's Mainstream Adoption and Market Performance
Bitcoin has solidified its position as a mainstream investment asset. Since May 2013, its value has increased 700-fold, significantly outpacing the S&P 500's threefold growth. The approval of Bitcoin ETFs 15 months ago has been a major catalyst, enabling a surge in institutional and retail investment by providing a regulated investment vehicle. This shift has been further reinforced by corporate investments, with companies mirroring the strategy of earlier adopters like Strategy (formerly MicroStrategy). Meanwhile, other cryptocurrencies and blockchain projects have struggled to gain traction due to prevailing regulatory uncertainties and unfulfilled expectations, leaving them stuck in the "trough of disillusionment
Bitcoin's Mainstream Adoption and Market Performance
Bitcoin has solidified its position as a mainstream investment asset. Since May 2013, its value has increased 700-fold, significantly outpacing the S&P 500's threefold growth. The approval of Bitcoin ETFs 15 months ago has been a major catalyst, enabling a surge in institutional and retail investment by providing a regulated investment vehicle. This shift has been further reinforced by corporate investments, with companies mirroring the strategy of earlier adopters like Strategy (formerly MicroStrategy). Meanwhile, other cryptocurrencies and blockchain projects have struggled to gain traction due to prevailing regulatory uncertainties and unfulfilled expectations, leaving them stuck in the "trough of disillusionment
Bitcoin's Mainstream Adoption and Market Performance
Bitcoin has solidified its position as a mainstream investment asset. Since May 2013, its value has increased 700-fold, significantly outpacing the S&P 500's threefold growth. The approval of Bitcoin ETFs 15 months ago has been a major catalyst, enabling a surge in institutional and retail investment by providing a regulated investment vehicle. This shift has been further reinforced by corporate investments, with companies mirroring the strategy of earlier adopters like Strategy (formerly MicroStrategy). Meanwhile, other cryptocurrencies and blockchain projects have struggled to gain traction due to prevailing regulatory uncertainties and unfulfilled expectations, leaving them stuck in the "trough of disillusionment