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President Donald Trump again suggested using tariff revenue to provide Americans with a “dividend,” though Treasury Secretary Scott Bessent said it could come “in lots of forms.” On Sunday, Trump posted on Truth Social that opponents of his tariffs are “fools,” adding that the government is taking in trillions of dollars that will go toward … Read more
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | Reuters Tesla is asking investors to approve yet another outsized pay plan for CEO Elon Musk, according to a financial filing out Friday. The proposed compensation plan for Musk, already the world’s wealthiest individual, consists … Read more
Stargate price rose sharply as the Wormhole Foundation announced its intention to enter a bidding war for the cross-chain protocol. Summary Stargate price jumped by more than 10% amid news that Wormhole Foundation wants to acquire the cross-chain protocol. LayerZero has bid $110 million for the protocol, but Wormhole feels this undervalues Stargate. The price … Read more
Key Takeaways SBI Holdings expects to launch Japan’s first crypto ETFs, focusing on XRP, Bitcoin, and a blended ‘Digital Gold’ ETF. The crypto ETF will provide investors with direct exposure to both XRP and Bitcoin via traditional financial instruments. Share this article SBI Holdings, Japan’s financial conglomerate with active operations in banking, securities, asset management, … Read more
With just $31 million in stablecoins against $356 million in total value locked, Cardano’s founder has proposed unprecedented treasury diversification into Bitcoin and native dollar-pegged assets to boost the network’s decentralized finance and stablecoin ecosystem. On June 12, Cardano co-founder Charles Hoskinson proposed the idea in a YouTube video of swapping $100 million worth of … Read more
SoftBank founder Masayoshi Son has proposed setting up a US-Japan sovereign wealth fund aimed at making large investments in technology and infrastructure, the Financial Times reported, citing three unidentified people close to the situation. Son has discussed the plan with US Treasury Secretary Scott Bessent, although it hasn’t been formally proposed, the report said. The … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world SoftBank founder Masayoshi Son has floated the idea of creating a joint US-Japan sovereign wealth fund to make large-scale investments in tech and infrastructure across the US. The idea has been raised at … Read more
A key House Republican who is pushing for a higher cap for state and local tax deductions sought to revive the idea of raising the top rate for high earners to help pay for President Donald Trump’s tax cuts — and to get the stalled legislation moving. “The One Big Beautiful Bill has stalled — … Read more
President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility. “It will come down substantially but it won’t be zero,” … Read more
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