Author: Anthony M. Orbison
A widely followed crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE). In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat (WIF) could bounce soon against DOGE, it’s ultimately going to zero against it. “Told everyone who wanted to hear that this was the ‘safest’ trade to take if you wanted to be hedged. Think that’s not the case anymore, think short-term WIF could bounce against DOGE. Generally think WIF is going…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A car ploughed into a crowd of people at a Christmas market in the German city of Magdeburg on Friday evening, killing at least two and injuring dozens more in what local officials said they believed was a deliberate attack.The prime minister of the state of Saxony-Anhalt, Reiner Haseloff, said police had detained a man originally from Saudi Arabia in connection with the incident, which he said had claimed two lives and injured at least 60 people, some severely. Haseloff said that…
Dr. Mehmet Oz, a world-renowned cardiothoracic surgeon and controversial television personality, has been tapped by former/future president Donald Trump to become the next administrator of the Centers for Medicare and Medicaid Services, a federal agency within the Department of Health and Human Services. Oz’s nomination is one of several potential appointments of television personalities to political postings by President Trump, himself a former reality TV show host.This potential post won’t be Oz’s first foray into politics, however. After moving to back to Pennsylvania from New Jersey in 2020, he ran in the state’s 2022 senate race on a Trump-endorsed, conservative, “America…
After the Fed cut the interest rate by 0.25%, the crypto market’s liquidation of more than $239 million in mere minutes. Bitcoin dipped briefly below $100k with other major tokens following suit. On Dec. 19, the Federal Reserve reduced its key interest rate by 25 basis points and warned of cuts in the following years. The Fed hinted that it would probably lower only twice more in the new year ahead. Fed Chair Jerome Powell explained that since the U.S. government’s stance has become less restrictive, then the agency can afford “be more cautious as we consider further adjustments to…
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By David Shepardson WASHINGTON (Reuters) – The head of the Environmental Protection Agency plans to step down on Dec. 31 after overseeing widespread efforts by the administration of President Joe Biden to reduce greenhouse gas emissions and other pollutants. EPA Administrator Michael Regan told employees of his plans in an email on Friday, saying the agency had “confronted climate change with the urgency science demands. We set the strongest standards in history and put billions of dollars to work to spur clean energy development, create good-paying American jobs and lower costs for families.” This week, Regan approved a waiver to…
The crypto market continues to face a sharp downturn, shedding around 10% in the past 24 hours after the Federal Reserve’s latest policy update.Bitcoin’s price plunged nearly 10%, hitting a low of $93,000. This marks a stark reversal from its recent high of $108,268 earlier this week.The drop brings Bitcoin to its lowest level since mid-November, when it was riding a bullish wave spurred by market optimism following Donald Trump’s election victory.Ethereum faced an even sharper fall, dropping by almost 15% and reaching $3,100—its weakest position since late November.Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), also recorded double-digit…
Shares of Trump Media and Technology Group slid in midday trading Friday after President-elect Donald Trump transferred all of his shares into a revocable trust, according to a regulatory filing. Trump transferred all of his nearly 115 million shares — worth around $4 billion on paper — in the parent company of social networking site Truth Social as a “bona fide gift” to the Donald J. Trump Revocable Trust, the Securities and Exchange Commission filing on Thursday said. Trump’s shares amount to more than half of the company’s stock. It’s not clear why Trump transferred the stock. Donald Trump Jr.…
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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…