Preliminary trade talks between US and Chinese officials have been described as providing a “very successful” framework for the expected summit meeting of Presidents Trump and Xi in South Korea on Thursday. Treasury Secretary Scott Bessent said the weekend talks were “constructive, far-reaching and in-depth”. China’s senior trade negotiator Li Chenggang said the two sides reached…
Bitcoin is once again caught in the crossfire of a high-stakes geopolitical standoff. This time, the knock-on effects are being felt across every corner of the crypto market. The script is familiar: The return of U.S.–China trade tensions has triggered a sharp correction in Bitcoin, echoing a pattern seen earlier this year. When escalating tariffs…
You would be forgiven for thinking lately that AI is the only thing markets care about. Exuberance around AI technology has fueled a face-melting rally in stocks this year, but President Donald Trump reminded investors of two things on Friday: the trade war is still a risk, and—more importantly—Trump is still king when it comes…
Something strange happened in crypto-land this weekend. On Friday afternoon at around 4:30 pm, a large “whale” — a player big enough to noticeably move asset prices — began placing shorts on crypto. Short orders occur when traders borrow an asset, which they immediately sell, before buying it back at (they hope) a reduced price,…
Bitcoin suffered a steep 8.4% drop to $104,782 on Saturday, leading a $19 billion wipeout across the cryptocurrency market, triggered by US President Donald Trump’s escalation of the US-China trade war. Trump announced 100% tariffs on Chinese tech exports and stringent export controls on critical software, accusing Beijing of aggressive trade tactics through restrictions on…
More than 1.6 million traders lost over $19 billion on cryptocurrency bets as the market crashed from Donald Trump‘s announcement of additional 100 per cent tariffs on China, according to a Bloomberg report. Citing 24 hour data from Coinglass, the report noted that more than $19 billion have been wiped out in the “largest liquidation…
The greatest salesman in U.S. history delivers the keynote speech at the Bitcoin 2024 conference in Nashville. Jon Cherry/Getty Images Looking at Donald Trump’s finances, it’s easy to miss one of his most important assets: bitcoin. The cryptocurrency appears nowhere on the financial disclosure the president files with the government. It is not listed among…
Bitcoin has returned to its all-time high of $124,000 per bitcoin this week while stock markets and crypto have also surged as traders brace for a 2026 Wall Street bombshell. Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market The bitcoin price, which has doubled over the last…
Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot | Bloomberg | Getty Images OpenAI has finalized a secondary share sale totaling $6.6 billion, allowing current and former employees to sell stock at a record…
Common sense tells us there are two things in our economy that are going to blow up in our faces sooner or later: artificial intelligence (AI) and cryptocurrency. AI is dangerous because of wild expectations about the role of AI in our future and trillions of dollars of unrestrained spending on it, particularly for data…