Trump Media surges after expansion into financial services including crypto and ETFs

Trump Media surges after expansion into financial services including crypto and ETFs

Trump Media is expanding into financial services, including investment vehicles, the firm announced Wednesday. Shares of the Truth Social parent company, which trade under the ticker DJT, jumped 6.8% on Wednesday. President Donald Trump indirectly owns 114,750,000 shares of the company, held in a revocable trust. The financial services division will be known as Truth.Fi,…

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Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop

Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop

Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower interest rates. Speaking after the Fed’s decision to hold interest rates steady, Powell said he has had “no contact” with the president since Trump’s remarks…

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Bitcoin: What Went Wrong?

Bitcoin: What Went Wrong?

Something has fundamentally changed in this ecosystem. A big shift in the core ethos of things. Regardless of what you think about politics in the wider world, Bitcoin itself as a network and protocol was something explicitly designed to function in a hostile environment, in an environment where politics and governments are actively antagonistic towards…

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CME Group to Launch Options on Its Bitcoin Friday Futures in February

CME Group to Launch Options on Its Bitcoin Friday Futures in February

CME Group, the world’s leading derivatives marketplace, has announced plans to introduce options on its Bitcoin Friday futures starting February 24, pending regulatory approval. These new contracts will be the first cryptocurrency options from CME Group to be financially settled, with expirations available each business day, Monday through Friday. Financially-settled options, also known as cash-settled…

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