Trump vs Musk
โก๏ธ The cryptocurrency market has experienced sharp fluctuations due to the escalation of the conflict between Elon Musk and Donald Trump, which caused a significant drop in investor sentiment.
Bitcoin, which reached the $112,000 mark, is now under pressure due to negative futures rates on exchanges. Nevertheless, the price of BTC is holding above the key psychological mark of $100,000, which raises interest in potential recovery trends reminiscent of previous cases after negative funding periods.
Trump broke with Musk and threatened with consequences
โ ๏ธThe US President announced the severance of relations with Elon Musk. Although there will be no investigations against the businessman, Trump promised "very serious consequences" if Musk supports the Democrats.
Earlier, Musk deleted a tweet in which he mentioned Trump's ties to Jeffrey Epstein
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"Elon Musk โ EVERYTHING!
After the conflict with Trump, the Pentagon and NASA began to look for an alternative to SpaceX rockets.
Trump himself said that he was not going to talk to Musk - he "does not have time for this."
๐บ๐ธ BlackRock Issues Warning: $36 Trillion Debt Could "Crush" the U.S.
At the Forbes 2025 Summit, CEO Larry Fink warned that the U.S. economy could be โburied in debtโ unless it grows at a minimum of 3% annually.
National debt has quadrupled since 2000 โ and another $2.4 trillion may be added soon.
๐ Finkโs Proposed Solutions:
Mobilize private capital
Streamline the permitting process
Reinvest in infrastructure and workforce
๐ฌ Can the U.S. escape this ticking debt bomb?
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๐ Global debt increased by $ 18 trillion in 2024
According to new data, global public debt increased by $18 trillion in 2024 alone. Experts warn that the current trajectory of countries' debt obligations is extremely unstable.
The printing presses seem to be working without interruptions.
World Liberty Financial Invests in TRUMP and Gives up Its Own Wallet
The World Liberty Financial DeFi platform has announced a partnership with the TRUMP memcoin team. This was announced by Eric Trump, specifying that the project is stopping the development of its own crypto wallet and is focusing on supporting TRUMP.
WLFI also intends to purchase a large volume of tokens for its long-term reserves. According to Trump, this cooperation reflects "the shared values of cryptocurrencies, patriotism, and the pursuit of success."
โผ๏ธThe Clash Between Trump and Musk Sends Shockwaves Through Financial and Crypto Marketsโผ๏ธ
๐ชBitcoin remains steady above $105,000 despite a sell-off by long-term holders and $308 million in liquidations. Meanwhile, the memecoin KBBB surged sharply, reaching a market cap of $53 million following Muskโs critical post targeting Trump.
๐The feud escalated as Trump threatened to cancel Muskโs federal contracts, jeopardizing SpaceX and Starlink. Teslaโs stock plunged 17% in a single day, while Trump Mediaโs DJT token also dropped 8%. Despite the turmoil, Bitcoin held firm, reaffirming its role as a safe haven amid political chaos.
๐ฏThis event exposes the rift between Musk and Trump and highlights the resilience of cryptocurrencies โ thriving even in turbulent times.
๐ MicroStrategy bought bitcoin again - for another $110 million
From June 2 to June 8, the company purchased 1045 BTC at an average price of $105,426.
The total amount of the transaction was $110.2 million.
At the moment, MicroStrategy already owns 582,000 BTC.
Cathie Wood Says BTC Price Will Rise 15x In Five Years
The CEO of ARK Invest shared her prediction that the price of bitcoin will increase 15 times over the next five years.
๐ According to Cathie Wood, bitcoin is a unique global monetary system, and as the number of its holders grows, its volatility decreases.
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HOT: Trump "Closes" Trade Agreement with China
President Donald Trump just announced that the trade agreement with China has been completed, and now only awaits his final approval along with President Xi Jinping's.
โบ๏ธThe United States expected an easy victory in the trade war, but China resisted. After the introduction of Trump's tariffs on April 2, China's exports increased by 6% at the expense of Europe and Southeast Asia, the yuan strengthened. The tariffs revealed the U.S. dependence on Chinese rare earth metals, key to the auto industry.
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๐ฅInvestors want gold, not Bitcoin
Following the attack on Israel and the fall of the crypto market, well-known crypto skeptic Peter Schiff stated:
Following the attack on Israel and the fall of the crypto market, well-known crypto skeptic Peter Schiff stated:
๐ฌOil jumped 5%, S&P fell 1.5%. Investors are looking for a "safe haven" - gold is growing, but Bitcoin is being sold, and its rate is declining. How then can Bitcoin be called digital gold?
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โTrump spoke in favor of reducing the rate by 2% at once:
โบ๏ธ He noted that he could not force Fed Chairman Jerome Powell to lower the rate, but he was convinced that it was necessary - then the government would pay less on the national debt.
โบ๏ธ At the same time, Trump said that he recommended that Powell raise the rate if inflation accelerates again during the year.
โบ๏ธ Now, in his opinion, there is no reason to keep the rate at such a high level.
โบ๏ธ He also hinted that he may have to influence Powell.
Although the Fed has not yet reacted to Trump's words, a rate cut remains likely - macroeconomic data is coming out strong ๐
โบ๏ธ He noted that he could not force Fed Chairman Jerome Powell to lower the rate, but he was convinced that it was necessary - then the government would pay less on the national debt.
โบ๏ธ At the same time, Trump said that he recommended that Powell raise the rate if inflation accelerates again during the year.
โบ๏ธ Now, in his opinion, there is no reason to keep the rate at such a high level.
โบ๏ธ He also hinted that he may have to influence Powell.
Although the Fed has not yet reacted to Trump's words, a rate cut remains likely - macroeconomic data is coming out strong ๐
Media is too big
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๐บ๐ธTrump stated that he is working on a "simple and understandable market system" that will allow the United States to dominate the crypto industry.
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๐บ China's CGTN Scares: 'We Will All Die If Bitcoin Becomes a Global Currency'
A fragment from the Chinese state channel is actively circulating on the network, where the risks of global BTC dominance are voiced. The headline sounds dramatic, but it is about concerns about economic stability.
๐ฆ WSJ: Amazon and Walmart plan to launch their own stablecoins
According to the WSJ, retail giants are considering creating digital currencies to bypass traditional payment systems and reduce fees.
The project is possible subject to the adoption of the Genius Act, which regulates the stablecoin market.
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A fragment from the Chinese state channel is actively circulating on the network, where the risks of global BTC dominance are voiced. The headline sounds dramatic, but it is about concerns about economic stability.
๐ฆ WSJ: Amazon and Walmart plan to launch their own stablecoins
According to the WSJ, retail giants are considering creating digital currencies to bypass traditional payment systems and reduce fees.
The project is possible subject to the adoption of the Genius Act, which regulates the stablecoin market.
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๐ฃ Michael Saylor:
Saylor noted that only 450 new BTC are issued daily. As soon as large capital enters the market, natural sellers will disappear - and this, in his opinion, will open the way for further price growth.
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"There is no one else to sell, so the price will rise"
Saylor noted that only 450 new BTC are issued daily. As soon as large capital enters the market, natural sellers will disappear - and this, in his opinion, will open the way for further price growth.
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โVisa and Mastercard fall due to stablecoin boom
Shares of the two financial giants fell by 5% on Friday - the companies lost more than $60 billion.
Analysts say that the main reason for the fall is the growing popularity of stablecoins and the willingness of large players such as Walmart to launch their own coins.
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Shares of the two financial giants fell by 5% on Friday - the companies lost more than $60 billion.
Analysts say that the main reason for the fall is the growing popularity of stablecoins and the willingness of large players such as Walmart to launch their own coins.
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โค1
๐ชHow Much Did Trump Make From His Crypto Projects?
In the disclosure of information:
๐นTrump for 2024 talks about more than $778 million in crypto revenues, including $320 million from the $TRUMP coin, over $400 million from the WLFI platform, and $1.38 million in NFT royalties.
๐น With 15.75 billion $WLFI tokens, it has invested deeply in DeFi and blockchain-based wealth.
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In the disclosure of information:
๐นTrump for 2024 talks about more than $778 million in crypto revenues, including $320 million from the $TRUMP coin, over $400 million from the WLFI platform, and $1.38 million in NFT royalties.
๐น With 15.75 billion $WLFI tokens, it has invested deeply in DeFi and blockchain-based wealth.
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NOW: ๐ฎ๐ฑ๐บ๐ธ Israeli officials call on the US to join Israel in their attack against Iran.
A White House official now confirms that Israel has asked the Trump Administration to join the war, per Axios.
Axios reports that an Israeli source said the US is "considering the request."
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A White House official now confirms that Israel has asked the Trump Administration to join the war, per Axios.
Axios reports that an Israeli source said the US is "considering the request."
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๐ต๏ธ Reuters: FSB recruited a Canadian teenager and paid him with bitcoins
According to an investigation by Global Ledger and Recoveris, in 2023, a teenager from Canada went to Donbass, where he was recruited by FSB officers.
He was instructed to go to Europe - travel and housing costs were paid for in cryptocurrency. In total, he received more than $500 in BTC, which he was supposed to cash out in Poland.
Being in Warsaw in a state of stress and alcohol intoxication, he voluntarily surrendered to the police.
In December 2024, the court sentenced him to 20 months in prison.
Analysts found that the transfers came from crypto wallets associated with the FSB - one of them has conducted transactions worth over $600 million since June 2022.
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According to an investigation by Global Ledger and Recoveris, in 2023, a teenager from Canada went to Donbass, where he was recruited by FSB officers.
He was instructed to go to Europe - travel and housing costs were paid for in cryptocurrency. In total, he received more than $500 in BTC, which he was supposed to cash out in Poland.
Being in Warsaw in a state of stress and alcohol intoxication, he voluntarily surrendered to the police.
In December 2024, the court sentenced him to 20 months in prison.
Analysts found that the transfers came from crypto wallets associated with the FSB - one of them has conducted transactions worth over $600 million since June 2022.
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Trump will produce phones and plans to launch his own mobile operator, TrumpMobile.
The first smartphone will receive a not very original name T1 and will cost $499. It is already available by pre-order. The model will receive a 6.78-inch AMOLED display with a refresh rate of 120 Hz, a 50 MP camera and a 5,000 mAh battery, and, of course, will be made in gold.
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The first smartphone will receive a not very original name T1 and will cost $499. It is already available by pre-order. The model will receive a 6.78-inch AMOLED display with a refresh rate of 120 Hz, a 50 MP camera and a 5,000 mAh battery, and, of course, will be made in gold.
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๐ค leading managers in the field of AI quit for fear of destroying humanity
Several top managers have left leading artificial intelligence companies for fear of being involved in the extinction of humanity.
The question of the limitless possibilities of neural networks is increasingly becoming the subject of discussion among Google, Meta and OpenAI employees.
๐Here are some opinions about the risks:
โบ๏ธElon Musk - 20%
โบ๏ธSundar Pichai calls this probability "quite high"
โบ๏ธDario Amodei - 10-25%.
Some of the work of artificial intelligence is generated independently. For example, IT specialists in the field of language models sometimes do not know themselves why large systems respond to a request in this way.
Moreover, the desire of companies to create improved versions of neural networks may lead to a lack of control by specialists, because "virtual graduate students working together at superluminal speed" will not want to obey anyone.
๐๏ธSimilar cases have been recorded in our time. Earlier, the specialists of the company Anthropic discovered the ability of the neural network to lie and blackmail users in order to protect themselves from disconnection.
Several top managers have left leading artificial intelligence companies for fear of being involved in the extinction of humanity.
The question of the limitless possibilities of neural networks is increasingly becoming the subject of discussion among Google, Meta and OpenAI employees.
๐Here are some opinions about the risks:
โบ๏ธElon Musk - 20%
โบ๏ธSundar Pichai calls this probability "quite high"
โบ๏ธDario Amodei - 10-25%.
"The creators of AI themselves, who admit that they don't know for sure how it actually works, see the probability that it will destroy our species as 1:10, maybe 1:5. Would you get on a plane with such chances? Would you build a plane and let others in with such chances?" โ said Axios co-founders Jim Vandehay and Michael Allen.
Some of the work of artificial intelligence is generated independently. For example, IT specialists in the field of language models sometimes do not know themselves why large systems respond to a request in this way.
Moreover, the desire of companies to create improved versions of neural networks may lead to a lack of control by specialists, because "virtual graduate students working together at superluminal speed" will not want to obey anyone.
๐๏ธSimilar cases have been recorded in our time. Earlier, the specialists of the company Anthropic discovered the ability of the neural network to lie and blackmail users in order to protect themselves from disconnection.