Weekly Recap
- Iran is requiring ships passing through the Strait of Hormuz to pay transit fees in either cryptocurrency or Chinese yuan.
- The U.S. Department of Labor is proposing a rule that would allow the $10 trillion 401(k) retirement system to include crypto and other alternative investments.
- Charles Schwab, which oversees about $12 trillion in assets, plans to roll out Bitcoin and Ethereum trading for clients in the near future.
- Michael Saylor says the traditional four-year Bitcoin cycle is no longer relevant.
- President Trump is set to introduce a $1.5 trillion defense budget, marking the largest annual increase in U.S. military spending since World War II.
- Elon Musk says Tesla is planning a major investment in Japan.
- Federal Reserve Chair Jerome Powell warns that U.S. national debt is rising much faster than the economy and is ultimately unsustainable.
- Coinbase has received conditional approval to operate as a national trust company in the United States.
- Elon Musk’s SpaceX has confidentially filed for an initial public offering (IPO).
- President Trump claims he built the “strongest economy in history,” with no inflation and record-high stock market levels.
And you say Ethereum will sit below 10k HAHAHAHAH
Posted by knallerbsee