Month: April 2025

Trump firing Powell would be a ‘very bad precedent to set’ — Pompliano

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Crypto entrepreneur Anthony Pompliano says that US President Donald Trump shouldn’t follow through on his recent threat to fire the head of the US Federal Reserve, saying it would set a dangerous precedent — especially considering the true motive behind it. “I do not believe that the President of the United States should come in … Read more

Lyn Alden lowers Bitcoin forecast after ‘tariff kerfuffle,’ eyes liquidity

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Macroeconomist Lyn Alden expects Bitcoin to finish 2025 higher than its current price of around $85,000, though she says it would have been much higher if not for US President Donald Trump’s tariff announcement in February. “Before all this tariff kerfuffle, I would have had a higher price target,” Alden told Natalie Brunell on the … Read more

The Markup Wants to Investigate Companies Like Axon That Expand Their Reach With Public Dollars

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Hello World is a weekly newsletter—delivered every Saturday morning—that goes deep into our original reporting and the questions we put to big thinkers in the field. Browse the archive here. What’s up, world? 🤓 I’m Ese Olumhense, one of the latest hires at The Markup. I’ll be reporting on government here: the ways federal, state, and … Read more

The government doesn’t understand Meta

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The government should be scrutinizing Meta’s power. Unfortunately, its legal attack isn’t cutting to the heart of what keeps Meta big. This week, I spent three days in a Washington, DC courtroom watching Mark Zuckerberg testify. He was there defending his company from being broken up by the Federal Trade Commission, which is seeking to … Read more

Firing Jerome Powell will crash financial markets — Sen. Elizabeth Warren

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US Senator Elizabeth Warren warned that if President Donald Trump eventually moves to fire Federal Reserve Chair Jerome Powell, it could undermine investor confidence in the integrity of US capital markets and trigger a financial crash. During an appearance on CNBC, the Massachusetts Senator said the President does not have the legal authority to remove … Read more

Tesla’s Cybertruck is getting deeper discounts and production cuts

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Tesla has plenty of Cybertrucks listed on its website, and they’ve got some hefty discounts, including many for about $10,000 off, Electrek reports. Many are from the 2024 model year and include limited “Foundation Series” Cybertrucks that ended production in October, plus some lightly used “demo” ones we saw that have racked up around 300 … Read more

A new kids’ show will come with a crypto wallet when it debuts this fall

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A new animated kids’ series expected to premiere this year won’t be headed for a TV network. Or a streaming service. Instead, the founders of production studio We Ghosted Media plan to launch on a decentralized web platform that uses blockchain technology. And yes, a crypto wallet will be involved.  We Ghosted Media — founded by … Read more

Canary Capital files for staked TRX ETF

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United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network’s native token, TRX (TRX), regulatory filings show.  The fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said.  According to CoinMarketCap, the TRX token has a total … Read more

Aptos community proposal seeks to slash staking rewards by nearly 50%

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An Aptos community member submitted a proposal on April 18 to slash staking rewards for the network’s native token, Aptos (APT), by nearly 50% The proposal, submitted by a community member called MoonSheisty, aims at reducing reward yields from 7% to 3.79% in a three-month period, aligning Aptos staking rewards with other layer-1 blockchains and … Read more