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European insurers take $3.5 billion hit from LA wildfires, smaller than expected
European reinsurers are swallowing $3.5 billion in losses from the Los Angeles wildfires, a figure that’s way above early guesses but still under some of the worst projections. The insured damage, mostly from reinsurance payouts, is being carried by ten major publicly traded firms across Europe, as reported by CNBC. These companies are based mainly […]Cryptopolitan
Mon, May 26
Trump’s Golden Dome faces critical economical and technological challenges
President Trump aims to spend around $175 billion on his ambitious new missile-defense system, Golden Dome, before his term ends. The plan would seek to detect and destroy missiles launched from anywhere in the world, but experts say it faces steep technical challenges and budget concerns.Cryptopolitan
Mon, May 26
Bitcoin At Crossroads After Trump Tariff Shock: Breakdown Towards $106K Or New ATH?
Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1. The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception...
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Mon, May 26
Trump doesn’t know “what the hell” happened to Putin – The US gears to respond
President Donald Trump said he was definitely weighing fresh sanctions on Russia after Moscow carried out a second straight night of missile and drone strikes across Ukraine. Trump made the remarks to reporters on Sunday in New Jersey, just before boarding Air Force One. He appeared increasingly annoyed with Russian President Vladimir Putin and dismayed […]Cryptopolitan
Mon, May 26
US and Japanese stocks surge as gold and dollar plunge after Trump agrees to postpone Europe tariffs
Stocks in both the United States and Japan climbed hard on Monday after President Donald Trump said he would delay the 50% tariffs he previously threatened on goods from the European Union. He made the announcement late Sunday, pushing the original June 1 deadline to July 9. Data from Bloomberg shows that this delay instantly […]Cryptopolitan
Mon, May 26
Bitcoin Cup-And-Handle Pattern Suggests Bull Target Remains At $300,000 – Details
Popular market analyst Gert Van Lagen has audaciously backed Bitcoin (BTC) to hit the $300,000 price mark amid the current bull run. Van Lagen’s prediction comes a few days after establishing a new all-time high at $111,970, signaling a strong bullish intent to maintain the current price uptrend Ove...Bitcoinist
Mon, May 26
Southeast Asian leaders meet to strengthen China, Gulf ties and counter Trump tariffs
Southeast Asian leaders began a two-day summit in Kuala Lumpur on Monday to work out trade deals with China and Gulf nations, as they face growing pressure from U.S. President Donald Trump’s new tariff hikes. The Association of Southeast Asian Nations (Asean) brought together its ten member states in an attempt to protect their economies, […]Cryptopolitan
Sun, May 25
Trump claims Nippon Steel deal will boost US job market but the math doesn’t add up
Donald Trump claimed on Friday that a “planned partnership” between Nippon Steel and US Steel would deliver “at least 70,000 jobs” to American workers and inject $14 billion into the economy. But that figure overshoots by a long shot — more than five times the number of employees US Steel currently has in the United […]Cryptopolitan
Sun, May 25
Jim Cramer says US stock market is hideously underperforming compared to Europe
The gap between US stocks and European equities is no longer small. It’s wide, painful, and according to Jim Cramer, downright “hideous.” Speaking on CNBC’s Squawk on the Street on SUnday, Jim said, “The money keeps going to these European stocks. And it’s rather amazing.” The DAX in Germany is up 19% so far this […]Cryptopolitan
Sun, May 25
ETH Rises 3.84%, as Ruvi AI (RUVI) Secures Its First Exchange Listing, A Major Milestone for the Project
Ethereum (ETH), the second biggest cryptocurrency, is making waves again. With a $2,657 price and 3.84% daily gain, investors are back in. Despite the challenges of the past year, Ethereum is still a part of the crypto ecosystem and pushing forward with decentralized applications. Meanwhile Ruvi AI, a blockchain project, is getting attention as a […]Cryptopolitan
Sun, May 25
Trump delays 50% tariffs decision after EU’s push for more time
President Donald Trump said he will give the European Union more time before imposing 50% tariffs, pushing the deadline to July 9. The announcement followed a phone call with European Commission President Ursula von der Leyen, who had asked for extra time to reach an agreement. BREAKING: President Trump says he received a call from […]Cryptopolitan
Sun, May 25
Inflation fears dominate as Treasury bonds traders enter holiday-shortened week
Bond traders across the US are walking into a holiday-shortened trading week already cornered by inflation anxiety, as fresh economic data threatens to stretch yields even further. According to Bloomberg, the pressure is mounting right after President Donald Trump pushed his tax-heavy legislative package through the House last week, causing long-term Treasury yields to spike. […]Cryptopolitan
Sun, May 25
Musk’s DOGE role was “one of the greatest brand destructions”
US marketing professor Scott Galloway warned that Elon Musk’s role in driving spending cuts in the federal government for the Trump administration has been “one of the greatest brand destructions,” pointing towards Tesla. Speaking on Friday’s episode of the Pivot podcast, which he co-hosts, Galloway said Musk had alienated Tesla’s customers, one of his most […]Cryptopolitan
Sun, May 25
Market Shock Incoming? Strategy Stock Could Crash Then Soar, Analyst Says
According to market watcher Sir Chartist, Strategy’s stock (MSTR) may be headed for a sharp drop before it bounces back. He thinks shares could slide as low as $350. Then, once selling dries up, a fresh push might carry the price back to $700. It’s a two-step move he believes will play out soon. Rel...Bitcoinist
Sun, May 25
White House’s Steve Miller defends Trump’s Big Beautiful Bill, says DOGE cuts were never on the table
Steve Miller, Trump’s Deputy Chief of Staff, took to X this week to challenge growing claims that the administration’s Big Beautiful Bill fails to lock in the aggressive DOGE cuts that were central to the president’s plan to drain federal waste. In a blunt response posted online, Steve said the rumors were “false” and based […]Cryptopolitan
Sun, May 25
XRP News: Can XRP Price Hit $20 in 2025 if ETFs Are Approved? MUTM’s Path to $5 Might be Quicker
Ripple’s XRP is once again dominating crypto news today, as speculation heats up around the potential approval of an XRP ETF, a move that could dramatically shift market sentiment. That said, while XRP’s climb to $20 could be historic, emerging altcoin Mutuum Finance (MUTM) offers faster, high-velocity gains, with some projections targeting $5 within months. […]Cryptopolitan
Sun, May 25
Federal Reserve chair Jerome Powell tells Princeton and Harvard students to protect democracy
Federal Reserve chair Jerome Powell warned students at Princeton on Sunday to take responsibility for defending US democracy, just days after President Donald Trump’s administration blocked Harvard University from enrolling international students and started pressuring colleges over protests. Speaking directly to the class of 2025 during their graduation, Powell said, “When you look back in […]Cryptopolitan
Sun, May 25
Ethereum SOPR Signals Strength, Suggests More Upside Ahead – Details
Amid a general crypto market uptrend, Ethereum (ETH) has registered a significant price gain over the past months. Since Bitcoin embarked on a market rebound in early April, ETH has followed suit, with its trading price increasing by over 80%. In more bullish developments, popular crypto analyst Bur...Bitcoinist
Sun, May 25
