Bitcoin News Update: Bitcoin's Plunge Signals Trump's Diminishing Influence, as Crypto Connections Weaken Amid MAGA's Downturn
- Nobel laureate Paul Krugman links Bitcoin's $1 trillion crash to Trump's waning political influence and crypto-linked wealth decline. - Trump family's crypto assets lost $1 billion in value, with Eric Trump's ABTC shares down 50% and memecoins losing 90% of peak value. - Despite losses, complex financial structures like Alt5 Sigma holdings buffer the family, while Krugman ties crypto turmoil to fractured MAGA support. - Trump's pro-crypto policies face scrutiny as Bitcoin's $40k drop undermines his econo
The
The Trump family's involvement in crypto has made them especially susceptible to the downturn. Their net worth, which
Eric Trump has remained optimistic, calling Bitcoin "the greatest asset of our time" at a Yahoo Finance event, even as American Bitcoin’s stock has fallen 30% since its Nasdaq launch in September. The company, which mines Bitcoin in West Texas at half the average market cost,
Krugman’s commentary connects the crypto downturn to larger political shifts. Trump’s approval rating has
The recent chaos in the crypto sector has also highlighted weaknesses in Trump’s economic policies. Treasury Secretary Scott Bessent
As the Trump family deals with their crypto setbacks, the political consequences are evident: a market once lifted by Trump’s backing is now suffering from his waning influence. Whether this marks a deeper change in the GOP or is simply part of the crypto cycle is unclear, but Krugman’s assessment of the "Trump trade" coming undone highlights a crucial turning point in both the financial and political arenas.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Iceberg Phenomenon: Unseen Dangers of AI’s Labor Force Surface Across the Country
- MIT's Iceberg Index reveals AI could replace 11.7% of U.S. jobs ($1.2T in wages), impacting sectors like finance and healthcare beyond tech hubs. - The tool maps 151M workers across 923 occupations, highlighting hidden risks in routine roles (e.g., HR, logistics) versus visible tech layoffs. - States like Tennessee and Utah use the index for reskilling strategies, while C3.ai partners with Microsoft to expand enterprise AI solutions. - Despite C3.ai's market expansion, its stock faces volatility, reflect
Where Saving Animals and Supporting People Come Together: The Gentle Barn's Comprehensive Approach
- The Gentle Barn, a California-Tennessee sanctuary, merges animal rescue with human emotional healing through acupuncture, mobility aids, and therapeutic interactions. - Its volunteer programs and $75 season passes support financial sustainability while fostering compassion between humans and rescued animals like turkeys and hoofless goats. - The nonprofit's holistic model attracts attention as a case study in combining veterinary care with mental health initiatives, despite scalability challenges in nonp

XRP News Today: With Tether and USDC under examination, RLUSD from the UAE stands out as a regulatory-compliant stablecoin option.
- Ripple's RLUSD stablecoin received ADGM approval as a regulated fiat-referenced token in Abu Dhabi, enabling institutional use in payments and treasury management. - Pegged 1:1 to the USD with NYDFS oversight, RLUSD ($1.2B market cap) offers compliance-driven alternatives to USDT/USDC amid global regulatory scrutiny. - UAE's ADGM-DIFC regulatory framework positions the region as a crypto innovation hub, with Ripple expanding partnerships through Zand Bank and Mamo fintech . - The approval aligns with UAE

ZK Atlas Enhancement: Driving Institutional Embrace Amid the Blockchain Scalability Competition
- ZKsync's Atlas Upgrade solves throughput bottlenecks with Airbender RISC-V zkVM, enabling 15,000+ TPS at $0.0001 per transaction. - Modular ZKsync OS reduces gas fees by 70% since 2023, enabling real-time financial applications while maintaining regulatory compliance. - Deutsche Bank and UBS test ZKsync for asset tokenization, highlighting its institutional appeal through privacy-preserving ZK features and sub-second finality. - Upcoming Fusaka upgrade aims to push TPS to 30,000 by December 2025, but reg
