Elon Musk claims that D.O.G.E. has identified over $500 billion in fraudulent spending within entitlement programmes, raising concerns about the scale of waste and its impact on future reforms.
CatherineThe White House is planning to acquire large amounts of Bitcoin for a strategic reserve, with support for the Bitcoin Act that proposes purchasing up to $80 billion worth of Bitcoin. The government aims to do this in a budget-neutral way, possibly using gold certificates, though the feasibility remains unclear.
WeatherlyWall Street warns investors of AI risks, including hallucinations, cybercrime, employee morale, and shifting regulations, raising concerns about its long-term market impact.
KikyoSingapore and Malaysia are investigating a $390 million fraud case involving US-made servers, possibly containing Nvidia chips, that may have been illegally sent to China’s DeepSeek. Three men face charges for misrepresenting the servers' destination, while US authorities probe whether export restrictions were violated.
AnaisA recent poll shows 51% of Americans fear Trump’s policies will weaken the economy, with over 70% calling current conditions poor. Is the confidence in the president fading?
CatherineRussia is increasingly using cryptocurrencies like Bitcoin and Tether to conduct oil trade with China and India, bypassing Western sanctions. The use of intermediaries and offshore accounts has made crypto a key tool in these transactions, speeding up operations despite financial restrictions.
WeatherlyGemini set a Guinness World Record by using 1,000 drones to form the Bitcoin logo in the sky over Austin, Texas. The event celebrated Bitcoin's role in the US Strategic Bitcoin Reserve initiative and showcased the growing influence of cryptocurrency.
AnaisAmerican streamer Amouranth survived a violent home invasion in Houston, where armed intruders assaulted her and demanded her cryptocurrency keys. Four suspects, including two teenagers, were arrested, and the case highlights the rising danger of criminals targeting people with significant digital assets.
JoyJames Howells' request to search a landfill for a hard drive containing 8,000 Bitcoin was rejected by the UK Court of Appeal, marking a setback in his legal battle. He plans to appeal to the European Court of Human Rights, but the landfill is set to close soon, making the search more difficult.
WeatherlyThe Bank of Korea rejected the idea of holding Bitcoin in its foreign exchange reserves due to concerns about volatility and liquidity. Despite growing political interest in Bitcoin reserves, the central bank remains cautious and aligns with global trends of skepticism.
Anais