Arletha Loos y4xX
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President Trump has confirmed that his relationship with Elon Musk is over, citing Musk's disrespect towards the presidency as a reason. Trump warned Musk of "very serious consequences" if he decides to fund Democrats, particularly those challenging Republicans who backed Trump's budget plan.
The feud between the two began when Musk criticized the GOP-led spending bill, which Trump is backing. Musk's comments sparked a heated exchange on social media, with Trump accusing Musk of knowing the bill's details and waiting too long to criticize it.
Musk slammed the GOP-led spending bill, while Trump is pushing for its passage.
Trump suggested terminating Musk's governmental subsidies and contracts, but hasn't given it much thought.
Trump warned Musk of consequences if he funds Democrats, despite Musk's $250 million contribution to Trump's presidential campaign last year.
The breakdown of their relationship has played out publicly, with both figures exchanging jabs on social media. Trump remains confident that his spending bill will pass in the Senate by July 4, despite the feud.#TrumpVsMusk $BTC
The feud between the two began when Musk criticized the GOP-led spending bill, which Trump is backing. Musk's comments sparked a heated exchange on social media, with Trump accusing Musk of knowing the bill's details and waiting too long to criticize it.
Musk slammed the GOP-led spending bill, while Trump is pushing for its passage.
Trump suggested terminating Musk's governmental subsidies and contracts, but hasn't given it much thought.
Trump warned Musk of consequences if he funds Democrats, despite Musk's $250 million contribution to Trump's presidential campaign last year.
The breakdown of their relationship has played out publicly, with both figures exchanging jabs on social media. Trump remains confident that his spending bill will pass in the Senate by July 4, despite the feud.#TrumpVsMusk $BTC
Deutsche Bank is exploring the possibility of issuing its own stablecoin or joining an industry-wide initiative.
The stablecoin market has grown to approximately $150 billion, with institutions looking for ways to utilize blockchain technology for faster and more cost-effective transactions.
The European Union's Markets in Crypto-Assets (MiCA) regulation and the US's proposed "Guiding and Establishing National Innovation for US Stablecoins Act" (GENIUS Act) are providing clarity on stablecoin regulations, encouraging banks to adopt stablecoin-based systems.
Deutsche Bank's asset management arm, DWS Group, has teamed up with Flow Traders and Galaxy Digital to launch a euro-denominated token, showcasing the industry's push towards digital settlement solutions.
Deutsche Bank's potential stablecoin could:
Providing a stable digital asset for institutions, corporates, and private users.
Utilizing blockchain technology to reduce costs and increase efficiency.
Some notable developments in the stablecoin space include:
Developing a stablecoin product for its digital bank customers.
Processing over $2 billion in daily transactions on its Kinexys network.
Exploring euro-denominated stablecoins, with DWS Group's euro-denominated token being a notable example.#BigTechStablecoin $BTC
The stablecoin market has grown to approximately $150 billion, with institutions looking for ways to utilize blockchain technology for faster and more cost-effective transactions.
The European Union's Markets in Crypto-Assets (MiCA) regulation and the US's proposed "Guiding and Establishing National Innovation for US Stablecoins Act" (GENIUS Act) are providing clarity on stablecoin regulations, encouraging banks to adopt stablecoin-based systems.
Deutsche Bank's asset management arm, DWS Group, has teamed up with Flow Traders and Galaxy Digital to launch a euro-denominated token, showcasing the industry's push towards digital settlement solutions.
Deutsche Bank's potential stablecoin could:
Providing a stable digital asset for institutions, corporates, and private users.
Utilizing blockchain technology to reduce costs and increase efficiency.
Some notable developments in the stablecoin space include:
Developing a stablecoin product for its digital bank customers.
Processing over $2 billion in daily transactions on its Kinexys network.
Exploring euro-denominated stablecoins, with DWS Group's euro-denominated token being a notable example.#BigTechStablecoin $BTC
🇺🇸 President Trump to announce next Fed Chair "very soon."
President Trump is expected to announce his decision on the next Federal Reserve chair soon, with former Fed governor Kevin Warsh being a top contender for the position. Trump has expressed his desire for the Fed to lower interest rates by a full percentage point, criticizing current Chair Jerome Powell's slow approach.
Kevin Warsh, former Fed governor, is highly regarded by Trump and considered a leading contender.
Trump wants the Fed to cut interest rates by 1%, disagreeing with Powell's cautious approach.
Jerome Powell's policies have been criticized by Trump, who met with him recently to convey his concerns.
Trump stated that the decision will be announced "very soon", sparking speculation about the future of the Federal Reserve.#TrumpVsMusk $BTC
$XRP
President Trump is expected to announce his decision on the next Federal Reserve chair soon, with former Fed governor Kevin Warsh being a top contender for the position. Trump has expressed his desire for the Fed to lower interest rates by a full percentage point, criticizing current Chair Jerome Powell's slow approach.
Kevin Warsh, former Fed governor, is highly regarded by Trump and considered a leading contender.
Trump wants the Fed to cut interest rates by 1%, disagreeing with Powell's cautious approach.
Jerome Powell's policies have been criticized by Trump, who met with him recently to convey his concerns.
Trump stated that the decision will be announced "very soon", sparking speculation about the future of the Federal Reserve.#TrumpVsMusk $BTC
$XRP
X officially partners with crypto prediction platform 'Polymarket.'
X, owned by Elon Musk, has partnered with Polymarket as its official prediction market partner. This partnership aims to bring transparent, market-based forecasting into the mainstream. Here's what's happening:
While specifics are scarce, Polymarket odds and widgets will soon appear in X posts and livestreams, allowing users to bet on events like US elections and sports finals.
The partnership has already boosted Polygon's price, as Polymarket operates on the Ethereum-based Polygon network.
Elon Musk has previously praised Polymarket, saying it's "more accurate than polls, as actual money is on the line". He even cited Polymarket's prediction of Trump's lead over Kamala Harris by 3% in betting markets during the 2024 presidential election.
The platform believes this partnership marks a new chapter for truth on the internet, with the future of news being "optimized for truth, rooted in transparency, and anchored in reality".
This partnership could significantly change the crypto ecosystem, potentially increasing Polymarket's user base and mainstream adoption of crypto-based prediction markets.
Some potential applications of this partnership include:
Users can bet on various events, such as elections, sports, and global affairs, using cryptocurrency.
Combining Polymarket's prediction market probabilities with X's real-time insights could provide contextualized, data-driven insights to millions of users.
This partnership might drive more users to Polymarket and increase the adoption of cryptocurrency-based prediction markets.
#Liquidity101 $BTC
X, owned by Elon Musk, has partnered with Polymarket as its official prediction market partner. This partnership aims to bring transparent, market-based forecasting into the mainstream. Here's what's happening:
While specifics are scarce, Polymarket odds and widgets will soon appear in X posts and livestreams, allowing users to bet on events like US elections and sports finals.
The partnership has already boosted Polygon's price, as Polymarket operates on the Ethereum-based Polygon network.
Elon Musk has previously praised Polymarket, saying it's "more accurate than polls, as actual money is on the line". He even cited Polymarket's prediction of Trump's lead over Kamala Harris by 3% in betting markets during the 2024 presidential election.
The platform believes this partnership marks a new chapter for truth on the internet, with the future of news being "optimized for truth, rooted in transparency, and anchored in reality".
This partnership could significantly change the crypto ecosystem, potentially increasing Polymarket's user base and mainstream adoption of crypto-based prediction markets.
Some potential applications of this partnership include:
Users can bet on various events, such as elections, sports, and global affairs, using cryptocurrency.
Combining Polymarket's prediction market probabilities with X's real-time insights could provide contextualized, data-driven insights to millions of users.
This partnership might drive more users to Polymarket and increase the adoption of cryptocurrency-based prediction markets.
#Liquidity101 $BTC
President Trump is criticizing the Federal Reserve, calling it a "disaster" and urging a 100 basis point interest rate cut. Here's what's behind his stance:
Trump has been vocal about his dissatisfaction with the Federal Reserve's interest rate policies, often expressing frustration on social media. He believes lower interest rates would boost economic growth and make the US more competitive globally.
Trump specifically called for a 100 basis point interest rate cut, echoing his previous demands for the Federal Reserve to lower rates. He argues this would stimulate economic growth and job creation.
Trump's repeated attacks on the Federal Reserve have raised questions about the central bank's independence and potential implications for monetary policy. Some experts argue his comments could influence market expectations and Fed decisions.
The US economy has shown resilience, but growth has been uneven. Trump's demands for lower rates come amid concerns about slowing job creation and global economic headwinds.
Trump has historically been critical of the Federal Reserve's policies, even tweeting over 100 times about Fed policy during his presidency. His views on interest rates have shifted over time, previously criticizing low rates during the Obama administration.
Some notable experts' perspectives on Trump's views include:
An economics professor at the University of Oregon, Duy believes Trump was "right by accident" in his calls for lower rates, but questions the motivations behind Trump's comments.
Chief economist at Stifel, Piegza notes that while Trump's demands might not align with traditional economic reasoning, the Fed's actions have validated some of his positions.
Senior fellow at the Cato Institute, Selgin suggests presidents often prefer lower interest rates for economic growth, which can conflict with the Fed's goals.#MarketPullback $BTC
Trump has been vocal about his dissatisfaction with the Federal Reserve's interest rate policies, often expressing frustration on social media. He believes lower interest rates would boost economic growth and make the US more competitive globally.
Trump specifically called for a 100 basis point interest rate cut, echoing his previous demands for the Federal Reserve to lower rates. He argues this would stimulate economic growth and job creation.
Trump's repeated attacks on the Federal Reserve have raised questions about the central bank's independence and potential implications for monetary policy. Some experts argue his comments could influence market expectations and Fed decisions.
The US economy has shown resilience, but growth has been uneven. Trump's demands for lower rates come amid concerns about slowing job creation and global economic headwinds.
Trump has historically been critical of the Federal Reserve's policies, even tweeting over 100 times about Fed policy during his presidency. His views on interest rates have shifted over time, previously criticizing low rates during the Obama administration.
Some notable experts' perspectives on Trump's views include:
An economics professor at the University of Oregon, Duy believes Trump was "right by accident" in his calls for lower rates, but questions the motivations behind Trump's comments.
Chief economist at Stifel, Piegza notes that while Trump's demands might not align with traditional economic reasoning, the Fed's actions have validated some of his positions.
Senior fellow at the Cato Institute, Selgin suggests presidents often prefer lower interest rates for economic growth, which can conflict with the Fed's goals.#MarketPullback $BTC
🇺🇸 President Trump considers getting rid of his Tesla.
President Trump is looking to sell or
give away his Tesla Model S due to a public feud with Elon Musk. The two had a falling out over Trump's "Big Beautiful Bill," which Musk criticized as "pork-filled" and "debt slavery for the American people". Trump had purchased the Tesla as a show of support for Musk and the electric vehicle company, but now the car is reportedly unused at the White House.
Public feud between Trump and Musk over the "Big Beautiful Bill"
Tesla Model S with low mileage, single owner
Parked unused at the White House, available for sale or potential giveaway
Trump threatened to cancel federal contracts and subsidies for Musk's companies, including Tesla and SpaceX
The feud between Trump and Musk has been intense, with both sides exchanging public criticisms. Musk even alleged that Trump is named in the "Epstein Files," while Trump said Musk "lost his mind". The Tesla's sale or giveaway would symbolize the end of their brief alliance.#TrumpVsMusk $XRP
President Trump is looking to sell or
give away his Tesla Model S due to a public feud with Elon Musk. The two had a falling out over Trump's "Big Beautiful Bill," which Musk criticized as "pork-filled" and "debt slavery for the American people". Trump had purchased the Tesla as a show of support for Musk and the electric vehicle company, but now the car is reportedly unused at the White House.
Public feud between Trump and Musk over the "Big Beautiful Bill"
Tesla Model S with low mileage, single owner
Parked unused at the White House, available for sale or potential giveaway
Trump threatened to cancel federal contracts and subsidies for Musk's companies, including Tesla and SpaceX
The feud between Trump and Musk has been intense, with both sides exchanging public criticisms. Musk even alleged that Trump is named in the "Epstein Files," while Trump said Musk "lost his mind". The Tesla's sale or giveaway would symbolize the end of their brief alliance.#TrumpVsMusk $XRP
🇺🇸 US economy added 139,000 jobs in May, higher than expectations.
The US economy actually added 272,000 jobs in May, surpassing expectations. The unemployment rate remained steady at 4%.
The US economy saw significant employment gains across industries, including healthcare, leisure, hospitality, and local government.
The rate has remained below 4% for 30 months, the longest stretch since 1970.
Prime-age women's participation set a record high at 78.1%, contributing to the strong labor market.
Healthcare, leisure, hospitality, and government sectors led job growth, while manufacturing and retail trade experienced declines.
Economic forecasts suggest the labor market may slow down due to factors like:
Potential tariff shocks could reverberate through the US and global economy, affecting labor market momentum.
Declining net immigration flows may constrain labor supply dynamics.
Growth is expected to downshift as tariffs weigh on households' purchasing power.
Overall, the US economy shows resilience, but future growth may be impacted by various factors.#MarketPullback $BTC
The US economy actually added 272,000 jobs in May, surpassing expectations. The unemployment rate remained steady at 4%.
The US economy saw significant employment gains across industries, including healthcare, leisure, hospitality, and local government.
The rate has remained below 4% for 30 months, the longest stretch since 1970.
Prime-age women's participation set a record high at 78.1%, contributing to the strong labor market.
Healthcare, leisure, hospitality, and government sectors led job growth, while manufacturing and retail trade experienced declines.
Economic forecasts suggest the labor market may slow down due to factors like:
Potential tariff shocks could reverberate through the US and global economy, affecting labor market momentum.
Declining net immigration flows may constrain labor supply dynamics.
Growth is expected to downshift as tariffs weigh on households' purchasing power.
Overall, the US economy shows resilience, but future growth may be impacted by various factors.#MarketPullback $BTC
$6 trillion asset manager Fidelity says "Bitcoin's potential as a store of value sets it apart from other cryptocurrencies."
Fidelity, a $6 trillion asset manager, highlights Bitcoin's potential as a store of value, setting it apart from other cryptocurrencies due to its unique features. Here are some key points about Bitcoin's potential as a store of value:
Bitcoin has a limited supply of 21 million coins, contributing to its value and potential as a store of value.
Bitcoin's decentralized nature, driven by its proof-of-work consensus mechanism, eliminates the need for intermediaries and enhances security.
The growing number of nodes, miners, and Bitcoin's price have made it increasingly difficult to attack or compromise the network.
Bitcoin has outperformed other asset classes, including gold, with a 951% increase over the past five years compared to gold's 57% uptick.
Fidelity's perspective on Bitcoin is further supported by Jurrien Timmer, Fidelity's Director of Global Macro, who describes Bitcoin as "exponential gold" and an emerging player in the store of value space. Timmer emphasizes Bitcoin's scarcity, growing acceptance, and exponential adoption rate as key factors in its potential as a long-term store of value.
A possible price target for Bitcoin this year, according to some predictions.
A potential price target for Bitcoin in the next five years, reflecting its growing utility and scarcity.
Overall, Fidelity's insights suggest that Bitcoin's unique characteristics position it as a prominent store of value in the digital asset space.#TrumpVsMusk $BTC
Fidelity, a $6 trillion asset manager, highlights Bitcoin's potential as a store of value, setting it apart from other cryptocurrencies due to its unique features. Here are some key points about Bitcoin's potential as a store of value:
Bitcoin has a limited supply of 21 million coins, contributing to its value and potential as a store of value.
Bitcoin's decentralized nature, driven by its proof-of-work consensus mechanism, eliminates the need for intermediaries and enhances security.
The growing number of nodes, miners, and Bitcoin's price have made it increasingly difficult to attack or compromise the network.
Bitcoin has outperformed other asset classes, including gold, with a 951% increase over the past five years compared to gold's 57% uptick.
Fidelity's perspective on Bitcoin is further supported by Jurrien Timmer, Fidelity's Director of Global Macro, who describes Bitcoin as "exponential gold" and an emerging player in the store of value space. Timmer emphasizes Bitcoin's scarcity, growing acceptance, and exponential adoption rate as key factors in its potential as a long-term store of value.
A possible price target for Bitcoin this year, according to some predictions.
A potential price target for Bitcoin in the next five years, reflecting its growing utility and scarcity.
Overall, Fidelity's insights suggest that Bitcoin's unique characteristics position it as a prominent store of value in the digital asset space.#TrumpVsMusk $BTC
How it started How it's going
🇺🇸 President Trump says "the easiest way to save money…is to terminate Elon's Governmental subsidies and contracts."#MyCOSTrade $BTC
🇺🇸 President Trump says he doesn't know if he'll continue to have a great relationship with Elon Musk.#MyCOSTrade $BTC
Ripple's monthly release of 1 billion XRP tokens from escrow has triggered a 2% drop in price.
Ripple unlocked 1 billion XRP tokens, valued at over $2.18 billion, through three transactions: 400 million, 500 million, and 100 million XRP. However, only 330 million new tokens entered the market, as 670 million XRP were locked back into escrow.
XRP's price fell by about 2%, landing at around $2.19, with its total market value standing at $128 billion. Trading activity has slowed down, with a 24-hour trading volume of nearly $2 billion, showing a drop of 18% compared to before.
This monthly release is part of Ripple's strategy to manage XRP's supply and prevent market flooding. By re-locking a significant portion of the tokens, Ripple aims to maintain market stability and control liquidity.
The price drop is consistent with past unlock events, where temporary dips followed large token releases. Market analysts suggest that the bearish sentiment surrounding XRP is partly due to broader crypto market volatility and ongoing regulatory concerns.#CUDISBinanceTGE $XRP
Ripple unlocked 1 billion XRP tokens, valued at over $2.18 billion, through three transactions: 400 million, 500 million, and 100 million XRP. However, only 330 million new tokens entered the market, as 670 million XRP were locked back into escrow.
XRP's price fell by about 2%, landing at around $2.19, with its total market value standing at $128 billion. Trading activity has slowed down, with a 24-hour trading volume of nearly $2 billion, showing a drop of 18% compared to before.
This monthly release is part of Ripple's strategy to manage XRP's supply and prevent market flooding. By re-locking a significant portion of the tokens, Ripple aims to maintain market stability and control liquidity.
The price drop is consistent with past unlock events, where temporary dips followed large token releases. Market analysts suggest that the bearish sentiment surrounding XRP is partly due to broader crypto market volatility and ongoing regulatory concerns.#CUDISBinanceTGE $XRP
🇺🇸🇸🇻 President Trump's executive director of digital assets meets with El Salvador's President Nayib Bukele to discuss Bitcoin.
#MyCOSTrade $BTC
#MyCOSTrade $BTC
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