Economy

Bitcoin strategy manager addresses social media concerns about financial resilience amid $71 billion BTC holdings

Chinese regulators are signaling a dramatic policy evolution on digital currencies as Shanghai's state-owned assets commission organizes strategic meetings to explore stablecoin responses, marking a significant departure from the country's blanket cryptocurrency ban while major corporations push for yuan-pegged alternatives to challenge US dollar dominance in the digital asset space.

The development represents yet another diplomatic effort to establish stable commercial relations between the superpowers after months of deteriorating ties.

A public feud between President Donald Trump and Tesla Chief Executive Officer Elon Musk triggered a historic $152 billion loss in Tesla’s market value on Thursday, as CNBC reported, with Trump’s threat to cancel government contracts for Musk’s companies sending shares tumbling 14% and underscoring tensions over a controversial spending bill.

Israeli-American economist left a profound mark on global and Israeli economies.

Nvidia’s 5.6% jump translated to a market cap increase of $180 billion, bringing its total valuation to approximately $3.394 trillion.

Bessent’s talks pave way for market surge, with NVIDIA, Apple and other giants surging. US futures saw the Dow poised to open 2.1% higher, the S&P 500 up 2.7%, and the Nasdaq up 3.6%.

The donation ranks among the largest philanthropic gifts ever – surpassing the historic contributions of industrialists like John D. Rockefeller and Andrew Carnegie when adjusted for inflation and donation value.

Both Coke and Pepsi face challenges from a 25% US tariff on aluminum imports introduced in March, which could raise soda prices.

Gold futures rose by more than 1%, completing a 21% rally since the start of the year. Analysts say investors are fleeing market volatility, with one noting, “No one wants to be exposed to another whim from the White House.”