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The Salvadoran Legislative Assembly, which is almost completely controlled by President Nayib Bukele, passed a reform that explicitly allows the president to opt for reelection as many times as desired. While many praised the change, others claim that this is similar to what Hugo Chávez did in Venezuela. Bukele-Controlled Legislative Assembly Passes ‘Indefinite’ Re-Election Changes, … Read more
Gold is gliding at $3,362 per ounce, gaining a modest 1% against the U.S. dollar over the past week. While its momentum fizzled a bit over the past month, there’s still chatter that the shiny metal’s climb to $4,000 isn’t out of the question. $4,000 Gold No Fantasy, Says Wisdomtree’s EU-Based Commodities Strategist Gold’s 30-day … Read more
The latest figures reveal that the stablecoin economy expanded by 5.33% in July, with a $13.537 billion boost added over the course of the month. USDe, USDf Steal the Spotlight With 62.55% and 103% Jumps in One Month The stablecoin market keeps expanding, and if another $2.589 billion flows in next week, it’ll cross the … Read more
A general partner at the prominent venture capital firm is shedding light on a new shady banking practice designed to undercut the crypto industry. A16z Warns of JPMorgan’s ‘Operation Chokepoint 3.0’ Tactics Despite JPMorgan CEO Jamie Dimon publicly confessing that he is now “a believer in stablecoins,” one general partner at Silicon Valley venture firm … Read more
The Senator was speaking during the discussion of a recently introduced bill that would allow the President to appoint the Federal Reserve Inspector General. Cynthia Lummis Rips Federal Reserve Over Lack of Transparency Wyoming Senator Cynthia Lummis, also known as the “Crypto Queen,” delivered a blistering rebuke of the U.S. Federal Reserve on Friday, calling … Read more
Bitcoin has hit a bump. Daily active addresses on the BTC network have fallen sharply. From a steady range of 570K–800K earlier in July, it’s now down to just 380K as of July 31, according to on-chain data. This isn’t a small dip. It’s one of the lowest numbers seen in months. In contrast, Ethereum … Read more
The Trump administration made the claims during a Thursday afternoon briefing hosted by White House Press Secretary Karoline Leavitt. Did Pelosi’s 2024 Stock Returns Beat Every Major Hedge Fund? Former House Speaker and current California Congresswoman Nancy Pelosi’s stock portfolio allegedly outperformed every large hedge fund in 2024 and more than doubled the annual return … Read more
The crypto world just got a massive wake-up call from the CoinDCX case. CoinDCX, one of India’s top exchanges, has been hacked. Not through a complex code exploit — but through a fake job offer scam. A single phishing email led to a $44 million loss. It’s a chilling reminder: sometimes the biggest threats aren’t … Read more
The meme market just caught fire. $PUMP is soaring, up over 30% today. That’s after whales launched a massive on-chain repurchase campaign. That move lit a fuse across the meme coin space, sending traders into a full-blown FOMO frenzy. Currently, $PUMP is trading at $0.003153 with an eye-popping $651M+ in 24-hour volume. Its market cap … Read more
The central bank published its official interest rate decision on Wednesday afternoon after a two-day meeting to deliberate U.S. monetary policy. Split at the Fed: Powell Holds, Colleagues Push Back The U.S. Federal Reserve has decided to hold rates at the 4.25-4.50% level, according to the central bank’s official statement published on Wednesday afternoon. But … Read more