The cryptocurrency market is experiencing heightened volatility amid an escalating feud between President Donald Trump and his former head of the Department of Government Efficiency, Elon Musk, over the state of the U.S. economy. Cardano’s ADA ADA has also seen extreme price swings amid market uncertainties. After dropping from $0.688 to $0.621, ADA found strong […]
Elon Musk Joins Bitcoin Maxis in Warning of ‘Potential’ U.S. Fiscal Collapse or Are We There Already?
Last month, CoinDesk discussed in detail how bond market activity is challenging the notion that the U.S. government is good for money, raising questions on the long-held “kayfabe” or illusion of fiscal stability. Now, billionaire tech entrepreneur Elon Musk has raised the alarm on X through his [perhaps rightful] diatribe against President Donald Donald Trump’s […]
Uber Once Again Says It’s Considering Crypto Years After Considering BTC Payments
Uber CEO Dara Khosrowshahi said the ride-hailing giant is exploring the use of crypto as a payment method, which marks the third time the company has made the claim since 2021. Speaking Thursday at the Bloomberg Tech conference in San Francisco, Khosrowshahi said the company is in the “study phase” of evaluating stablecoins for operational […]
Bitcoin Threatens $100K, Crypto Losses Grow as Musk/Trump Feud Goes Nuclear
The crypto market is getting redder by the minute as the spat between U.S. President Donald Trump and Tesla CEO Elon Musk intensifies. Late in the U.S. day, bitcoin BTC was down more than 4% to $100,500, threatening to dip back into five digits for the first time in a month. The CoinDesk 20 — […]
Trump’s Truth Social Takes Next Step in Launching Spot Bitcoin ETF
U.S. President Donald Trump’s social media company, Truth Social, is wasting no time in trying to launch a spot bitcoin BTC exchange-traded fund (ETF). Crypto asset manager Yorkville America Digital, who is sponsoring the fund, filed an S-1 document with the Securities and Exchange Commission (SEC) on Thursday, just two days after filing a 19b-4 […]
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