Trump Launches Bitcoin ‘Digital Fort Knox’ Amid Crypto Market Slump: Live Updates & Insights

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Trump establishes ‘digital Fort Knox’ for bitcoin but crypto markets slump in response: Live updates

Trump Offers Ambiguous Response on Ukraine-Russia Peace Negotiations

Donald Trump has recently provided an unclear answer regarding the ongoing peace discussions between Ukraine and Russia. During a signing of several executive orders at the White House, a journalist inquired about what he anticipates from Ukrainian President Volodymyr Zelensky when he returns to the U.S. Trump stated, “I believe Ukraine is eager to reach an agreement because they feel they have no other option. Likewise, I think Russia is also inclined to negotiate, as they too find themselves in a position where they have no choice, albeit in a manner that I understand uniquely.”

Trump Criticizes MSNBC Hosts While Defending Young Cancer Survivor

In a recent Oval Office meeting, Trump took aim at MSNBC hosts Nicolle Wallace and Rachel Maddow after Wallace criticized his decision to appoint DJ Daniel, a 13-year-old brain cancer survivor, as an honorary Secret Service agent during his congressional address. Wallace suggested the gesture was hypocritical compared to Trump’s pardoning of those involved in the Capitol riots. Trump expressed disdain for Wallace’s remarks, labeling them disgraceful, and called for both her and Maddow to resign, claiming they have lost credibility with their audiences.

Trump Asserts Musk Cannot Dismiss Federal Employees

During an unexpected cabinet meeting, Trump sought to clarify the authority of Elon Musk and his Department of Government Efficiency (DOGE) in relation to federal employee dismissals. Following substantial legal challenges regarding their power to terminate staff, Trump emphasized that Musk and his team require explicit permission to fire government workers, aiming to provide clarity amidst ongoing confusion and turmoil regarding the issue.

Trump Delays Tariff Increases on Mexican and Canadian Imports

Trump has decided to postpone the implementation of a 25 percent tariff on various goods imported from Mexico and Canada for an additional month after discussions with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. Sheinbaum characterized her conversation with Trump as “excellent and respectful,” while Trudeau described their exchange as more contentious, suggesting the potential for an ongoing trade dispute with the U.S.

Trump Establishes Federal Cryptocurrency Reserve Amid Market Decline

In a significant move, Donald Trump has enacted an executive order to create a strategic cryptocurrency reserve for the United States, which will consist of the 198,000 bitcoins currently held by the government from law enforcement seizures, valued at around $17 billion. David Sacks, the White House crypto and AI advisor, assured that this initiative would not incur any cost to taxpayers. He described the reserve as a digital equivalent of Fort Knox for what is often referred to as “digital gold.” However, the announcement triggered a decline in bitcoin prices on Thursday night, affecting the market value of other cryptocurrencies as well.

ANALYSIS: House Democrats Continue Internal Conflicts Following Trump’s Address

Democrats are experiencing further turmoil in the aftermath of their response to Trump’s recent speech to Congress. One member, who was escorted out during the address, seems to have gained from the incident with a potential fundraising boost. He expressed willingness to repeat his actions if necessary. However, the implications for his colleagues who engaged in what was termed a “political and partisan game” remain uncertain, raising questions about the overall strategy of the Democratic leadership.

Trump Reportedly Set to Issue Order to Abolish Education Department

Details have emerged indicating that Trump is preparing an executive order aimed at dismantling the Department of Education, which could have profound implications for educational policy in the U.S.

Trump Allies Allegedly Met with Zelensky’s Political Adversaries

Reports suggest that Trump’s associates have engaged in discussions with political rivals of President Zelensky, adding another layer of complexity to the ongoing geopolitical situation in Ukraine.

Pentagon Press Secretary Faces Backlash Over Controversial Social Media Posts

A Pentagon press secretary with a troubling history of bigoted and anti-Semitic remarks on social media is facing calls for resignation. Critics, including Jewish organizations, have condemned the appointment of Deputy Pentagon Press Secretary Kingsley Wilson, particularly due to her comparisons of tragic incidents in Israel to abortion and her promotion of anti-Semitic conspiracy theories.