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US Debt Crisis Surpasses 38 Trillion and Could Reach 53 Trillion by 2035
The U.S. national debt has once again reached a historic milestone, surpassing the $38 trillion mark. This sharp rise comes as government spending continues to grow and lawmakers struggle to find common ground on fiscal discipline. However, the increase from... -
President Trump Pardons Binance Founder CZ After Political Pressure
President Donald Trump granted a full pardon to Binance founder Changpeng “CZ” Zhao on October 23, sparking debate over whether the move was a matter of justice or politics. CZ was convicted of violating U.S. banking laws and sentenced to... -
Rivian Reportedly Looking at Layoffs Amid Tepid EV Demand
Startup electric vehicle (EV) manufacturer Rivian (NYSE: RIVN) is reportedly planning to lay off more than 600 employees, or approximately 4% of its workforce, as the company navigates a challenging market and intensifies its focus on cost efficiency. According to... -
Coinbase Introduces Protocol for Autonomous AI Crypto Transactions
On October 23, Coinbase launched the Model Context Protocol (MCP), a framework designed to connect artificial intelligence agents directly to blockchain infrastructure. This system allows large language models, including Anthropic’s Claude and Google’s Gemini, to interface with cryptocurrency wallets and... -
Crypto ETFs Face $1.5B Outflow as Bitcoin Drops $1.23B and Ether $312M
It was a difficult week for crypto ETFs as investors pulled a total of $1.5 billion from major funds between October 13 and 17. Bitcoin ETFs faced the largest withdrawals, losing $1.23 billion, while Ether ETFs saw $312 million leave... -
Major Asian Exchanges Resist Corporate Shift to Crypto-First Models
A recent report reveals that three of the Asia-Pacific's largest stock exchanges are pushing back against publicly listed companies adopting "crypto-first" business strategies. This trend revolves around firms adopting digital currencies like Bitcoin as the core of their treasury and... -
US Government Shutdown Nears End, Potentially Unfreezing Crypto Regulation
White House economic advisor Kevin Hassett stated on October 20 that the U.S. government shutdown is "likely to end sometime this week.” He noted that progress is urgently needed as key agencies, including the SEC and CFTC, remain partially closed,... -
Apple Stock Surges On Reports Of Strong iPhone 17 Sales in China and the US
Apple stock (NYSE: AAPL) is trading sharply higher today in reports of strong early sales for its new iPhone 17 series in its two most critical markets, namely the United States and Greater China. Recent data indicates the iPhone 17... -
Andrew Cuomo Proposes Plan to Make NYC a Digital Innovation Hub
On October 19, Andrew Cuomo, a candidate for New York City Mayor, revealed a plan to position the city as a global hub for digital innovation. This announcement is part of his campaign strategy. Cuomo Proposes Chief Innovation Officer to... -
Ripple Plans $1 Billion XRP Buy for Digital Asset Treasury
Ripple Labs is preparing a major move to strengthen its control over $XRP, according to Bloomberg. It plans to purchase $1 billion worth of the token for a new Digital Asset Treasury (DAT). The initiative will be funded through a...
