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Treasury Secretary Yellen Refutes Economist Nouriel Roubini’s Allegations of Financial Manipulation

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U.S. Treasury Secretary Janet Yellen has denied claims by economist Nouriel Roubini and former Trump administration official Stephen Miran that the Treasury manipulated the issuance of securities to lower real borrowing costs. Yellen assured in a Bloomberg interview that no such strategy had ever been discussed or implemented. Roubini and Miran’s paper argued that Treasury … Read more

Trump at Bitcoin 2024: Vows to Make US the Bitcoin Superpower, Plans to Fire SEC Chair Gensler

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On Saturday, July 27, 2024, the 45th president of the United States spoke to a massive crowd at the Bitcoin 2024 conference in Nashville. The event began with David Bailey, CEO of Bitcoin Magazine, presenting Trump with a 2013 Casascius physical bitcoin loaded with 1 BTC. “Bitcoiners know inflation better than anyone else,” Trump told … Read more

Bitcoin Peaks at $67,991 Ahead of Trump’s Bitcoin Conference Appearance

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Before former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville, the price of bitcoin (BTC) climbed to an intraday peak of $67,991 per unit. This increase led to the liquidation of approximately $55.21 million in bitcoin short positions, out of a total of $79.10 million in short bets across the crypto economy … Read more

Justin Sun Mocks Kamala Harris With Made-up Campaign Slogan

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Justin Sun, the founder of the Tron cryptocurrency ecosystem, mocked the current U.S. Vice President and favorite to be designated as the Democratic candidate for the U.S. presidency, Kamala Harris. He joked about a possible slogan for her upcoming campaign. Sun mixed the well-known “Make America Great Again” (MAGA) slogan, coined by former President Donald … Read more

Harris vs. Trump: Polls Show Tight Race as Betting and Prediction Markets Favor Trump

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After Kamala Harris announced her candidacy for the U.S. presidency in the 2024 election, recent polls show she is performing competitively against Donald Trump in hypothetical matchups. However, betting markets suggest Trump is favored to win, with Polymarket odds giving Trump a 63% chance over Harris’s 34%. Trump Leads Betting Odds Despite Harris’s Competitive Poll … Read more

Analysts Predict US Dollar Trends Amid Biden’s Withdrawal and Trump’s Lead

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Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to … Read more