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Meet the 37 deep-pocket donors paying for Trump’s $300 million Ballroom extravaganza
The Economic Times· 2025-11-13 12:28
Core Points - U.S. President Donald Trump is funding a $300 million White House ballroom with contributions from himself and 37 donors, including various sectors such as tech, crypto, and philanthropy [1][20] Tech Sector - Major tech companies have contributed, including Amazon, Apple, Google, Meta, Microsoft, and others, with each donating $1 million to Trump's inauguration [3][4][8][20] - Amazon's streaming service paid $40 million for a Melania Trump documentary, and its cloud division is a significant government contractor [3] - Apple CEO Tim Cook has engaged with Trump on EU tax issues and presented him with a customized glass plaque [4] - Microsoft CEO Satya Nadella has met Trump multiple times regarding AI regulations [8] Crypto Sector - Notable crypto donors include Coinbase, Ripple, Tether, and the Winklevoss twins, who have been active in supporting pro-Trump initiatives [10][11] - Trump has eased regulations on cryptocurrencies, which has positively impacted firms like Ripple [11] Energy & Industrial Sector - Companies like Caterpillar and NextEra Energy have contributed, with Caterpillar primarily supporting Republican initiatives [12] - NextEra Energy is the largest U.S. electric utility, aligning with Trump's vision for tech companies needing electricity for AI data centers [12] Philanthropy - The Adelson Family Foundation and other philanthropic organizations have made contributions, focusing on various causes including support for Israel and the arts [13] Defense & National Security - Defense contractors like Booz Allen Hamilton and Lockheed Martin have shown support for Trump's initiatives, with Booz Allen settling government lawsuits under the Biden administration [17] Individual Donors - Several individual donors, including biotech entrepreneur Stefan E. Brodie and sports team owners like Edward Glazer, have contributed to Trump's campaigns [18][19]
Coinbase Leaves Delaware, Reincorporates in Texas as State Rivalry Heats Up
Yahoo Finance· 2025-11-12 15:59
Core Insights - Coinbase has announced its decision to leave Delaware and reincorporate in Texas, aiming for better alignment with its long-term vision for product development and regulatory efficiency [1] - The move signifies a trend of companies seeking alternative states that provide more agile regulatory environments, moving away from Delaware's traditional dominance [2][3] Group 1: Strategic Decision - The decision to relocate is described as a strategic move to benefit customers, employees, and shareholders [1] - Texas is viewed as a favorable environment for incorporation due to its corporate legal framework that offers efficiency, predictability, and fairness [2] Group 2: Changing Corporate Landscape - Delaware's long-standing position as the preferred state for corporate domicile is being challenged as companies reassess their options in light of evolving regulatory conditions [3] - Coinbase's shift may encourage other tech and crypto companies to consider jurisdictions that offer greater flexibility in governance and innovation policies [3] Group 3: Decentralization Trend - The move to Texas reflects a broader trend of decentralization within the corporate and crypto sectors, as companies seek states that balance regulatory oversight with innovation [4]
US Shutdown Ends—Now Every Major Crypto Bill, Altcoin ETF Is Rushing Ahead in Washington
Yahoo Finance· 2025-11-12 08:11
The end of the shutdown marks more than just the reopening of Washington—it’s the resumption of one of crypto’s most pivotal years. | Credit: Getty Images. Key Takeaways The U.S. government reopened after a 41-day record shutdown, bringing long-awaited relief to the crypto industry. The SEC has restarted work on altcoin ETF approvals, with the XRP ETF likely debuting by Thursday. Lawmakers also revived the long-stalled CLARITY Act, a comprehensive crypto market structure bill. After 41 days of gr ...
CoinDesk and SALT Partner to Establish the World's Premier Institutional Crypto Gathering
Prnewswire· 2025-11-12 01:00
Core Insights - The Consensus x SALT Hong Kong Institutional Summit is scheduled for February 10, 2026, aiming to unite leading asset managers and capital allocators in the crypto economy [1][2][3] - The partnership between CoinDesk and SALT seeks to create a premier institutional gathering, focusing on the APAC region and emphasizing high-level engagement [3][4] - The inaugural Consensus Hong Kong event in 2025 attracted nearly 10,000 attendees from 102 countries, representing over $4 trillion in combined assets under management (AUM) [5] Event Details - The summit will feature a proprietary meeting app, one-on-one meetings, expert-led roundtables, and keynotes from influential leaders in the crypto space [3] - The event will operate under the Chatham House Rule to facilitate open discussions among participants [3] Industry Context - Anthony Scaramucci, Founder and Chairman of SALT, highlighted the growing interest of institutional investors in digital assets following significant regulatory advancements [4] - Michael Lau, Chairman of Consensus, emphasized the importance of institutional participation in the digital asset narrative and the need for a gathering of major decision-makers [4] Economic Impact - The 2025 Consensus Hong Kong event generated an estimated economic impact of HK$275 million for Hong Kong [5]
Circle CEO Allaire Says His Stablecoins Will ‘Improve the World’
PYMNTS.com· 2025-11-11 17:48
Core Insights - Circle CEO Jeremy Allaire is facing skepticism ahead of the company's upcoming earnings report, emphasizing the need for deep conviction in their mission [2][3] - Allaire's strategic approach contrasts with the Bitcoin ecosystem, focusing on integrating crypto technology into the existing fiat system rather than separating money from the state [2] - Circle has experienced significant challenges, including near bankruptcy and job cuts, while competing with larger stablecoin players like Tether [3][4] Company Developments - Circle transitioned from a Bitcoin-centric payments platform to a stablecoin issuer, launching USDC as its flagship product [3] - The company went public in June, becoming the first publicly-traded stablecoin issuer, which has enhanced credibility in the stablecoin market [5][6] - The successful IPO attracted major underwriters, signaling that stablecoins are viable financial products with real-world applications [6] Market Context - The stablecoin market is characterized as a "winner-take-most" environment, indicating intense competition among issuers [4] - Tether's USDT stablecoin currently holds a larger market value, posing a significant challenge for Circle [4]
Trump working to close tariff deals with India and Switzerland, US House to vote on shutdown bill
Youtube· 2025-11-11 14:32
Group 1 - SoftBank sold its entire stake in Nvidia for $5.8 billion, leading to a nearly 10% drop in Coreweave's shares, which rent Nvidia's GPUs [12][6][13] - SoftBank's second-quarter net profit more than doubled to $16.6 billion, driven by valuation gains in its OpenAI holdings [13][14] - The exit from Nvidia aligns with SoftBank's strategy to fund future AI investments, including a $1 trillion AI manufacturing hub in Arizona [14][15] Group 2 - Animoka Brands plans to go public again through a reverse merger with Current Group, aiming to own 95% of the merged entity [16][20] - The merger is seen as strategic, combining Animoka's focus on crypto and tokenization with Current's fintech services [20][22] - The regulatory environment for crypto has improved since Animoka's delisting from the Australian Securities Exchange in 2020 [23][24] Group 3 - Investors are showing interest in AI, with Coreweave's Q3 results beating estimates but issuing weaker full-year guidance, reviving concerns about AI spending returns [5][6][14] - The potential trade deal between the US and Switzerland could lower tariffs on Swiss exports, positively impacting companies like Swatch and Richemont [33][34] - Rocket Lab reported a 48% year-over-year revenue increase, reaching $155 million, indicating strong demand and growth prospects [37]
Gemini Reports Third Quarter 2025 Results
Globenewswire· 2025-11-10 21:05
Core Viewpoint - Gemini Space Station, Inc. reported its third quarter 2025 financial results and will discuss these results in a conference call [1] Financial Results - The financial results for the third quarter of 2025 were disclosed in a shareholder letter available on the company's Investor Relations website [1] Conference Participation - Key executives including Cameron Winklevoss, Tyler Winklevoss, Marshall Beard, and Dan Chen will participate in the Cantor Crypto & AI/Energy Infrastructure Conference on November 11 and 12, with Marshall Beard speaking on a panel about crypto exchanges [3] Information Disclosure Channels - The company plans to announce material information through various channels including SEC filings, its investor relations page, blog, press releases, public conference calls, webcasts, and social media accounts [4] Company Overview - Gemini, founded in 2014 by Cameron and Tyler Winklevoss, is a global crypto platform offering a variety of crypto products and services in over 60 countries [5]
Bit Digital's Ethereum growth, WhiteFiber stake seen as key drivers by analysts
Proactiveinvestors NA· 2025-11-10 18:18
Core Insights - Proactive provides fast, accessible, and informative business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, mining, oil and gas, and emerging technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Instacart shares slip on cautious fourth quarter guidance
Proactiveinvestors NA· 2025-11-10 16:06
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
X @Chainlink
Chainlink· 2025-11-10 14:58
RT Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1)Chainlink will Connect ALL of Crypto & TradFi!WATCH ▶️ https://t.co/hw17HEomgESergey Nazarov, Co-Founder of Chainlink, and I sat down at SmartCon to discuss how Chainlink is orchestrating the connection between different blockchains, DeFi, and TradFi.Topics:- Connecting crypto native companies, blockchain projects, and TradFi- FTSE Russell taps Chainlink to bring Russell 1000 and other index data onchain- Chainlink's role in the Tokenization market- ...