Treasury secretary says China’s 30% share of global manufacturing is too high and shouldn’t increase further
US Treasury Secretary Expresses Concerns Over China’s Manufacturing Dominance WASHINGTON – Treasury Secretary Scott Bescent commented on Friday about the significant share of global manufacturing held by China, stating it has been “too high” in recent years. He emphasized the need for the Trump administration to return some balance to this dynamic. In an interview […]
Is Semler Scientific Signaling a Caution for Bitcoin Treasury Companies?
Simply put Semler Scientific’s MNAV dipped to one on Tuesday. When MNAV drops below one, increasing Bitcoin per share becomes challenging for companies. Matthew Sigel from Vaneck mentioned that the company can still “stabilize value.” Semler Scientific, a healthcare tech firm listed on NASDAQ, was assessed to have a slight premium compared to Bitcoin Holdings […]
Bitcoin has the capacity to take in the $30 trillion US Treasury market, according to Bitwise CEO.
Bitcoin’s Growing Market Potential Hunter Horsley, the CEO of Bitwise, a digital asset investment firm, highlighted that Bitcoin (BTC) has vast potential, tapping into a $16 trillion gold market and a $30 trillion U.S. Treasury. These are significant stores of value sought by both individual investors and institutions. “Bitcoin offers more than just a monetary […]
Reasons Behind Bitcoin’s Price Increase Amid Rising Treasury Yields – Analyst
Bitcoin’s Recent Price Trends and Macro Influences In recent weeks, Bitcoin has shown some solid movement, hitting minor highs and lows that suggest a potential Bull Run is on the horizon. Interestingly, this early upward shift seemed to coincide with the escalating tensions between Israel and Iran. Despite appearing contrary to what history might suggest, […]
Trump Media’s Bitcoin treasury registration approved by SEC
Trump Media Group Gets SEC Nod for Bitcoin Registration Trump Media and Technology Group (TMTG), which operates former President Donald Trump’s social media platform, has recently gained approval from the US Securities and Exchange Commission (SEC) for a significant $2.3 billion Bitcoin Treasury Registration Statement. A filing with the SEC on June 13 detailed that […]
Trump Media’s Bitcoin treasury registration approved by SEC
Trump Media and Technology Group Gets SEC Approval for Bitcoin Registration Trump Media and Technology Group (TMTG), the owner of Donald Trump’s social media platform, has recently secured the go-ahead from the US Securities and Exchange Commission (SEC) for a $2.3 billion Bitcoin Treasury Registration Statement. In a filing made on June 13, the SEC […]
Coinbase Warns About Dangers of Bitcoin Treasury Model
Simply put Coinbase’s leading analyst warned on Thursday that a decline in BTC prices could trigger a broader crisis in the cryptocurrency market due to increased reliance on Bitcoin by public companies. If many companies, which collectively hold billions in BTC, need to sell their tokens to appease investors simultaneously, it might create chaotic sales […]
Treasury Secretary Bessent Is Not Aiming to Replace Fed’s Powell
Speculation Surrounding Treasury Secretary’s Future Treasury Secretary Scott Bescent has suggested, albeit casually, that he might eventually succeed Jerome H. Powell as chairman of the Federal Reserve. However, he insists that he hasn’t pursued that position and is dedicated to his current role. Having been with the Treasury since January, Bescent expressed in an exclusive […]
Treasury Secretary rejects the idea of tariffs being considered taxes, despite federal revenue reports
Tariffs and Taxes Debate Continues On Thursday, Treasury Director Scott Bescent asserted that tariffs should not be classified as taxes, which goes against the conventional economic understanding of these key trade instruments used by President Trump. During a Senate Finance Committee hearing, Senator Katherine Cortez Masto (D-Nev.) challenged Bescent’s viewpoint while discussing the federal revenues […]
Rep. Sanchez claims Treasury Secretary Bessent interrupted her due to gender.
Home Road and Means Committee Hearing Takes Unexpected Turn During a hearing with the Home Road and Means Committee on Wednesday, an unexpected exchange occurred. Representative Linda Sanchez (D-CA) accused Treasury Secretary Scott Bescent of interrupting her due to her gender. The tension came to a head in a five-minute questioning session where Sanchez pressed […]