Tag Archives: donald trump

business, economy

Trump says he doesn’t know who Binance Founder CZ is, despite pardoning him

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Last year, Changpeng Zhao (AKA “CZ”), the founder of Binance—the world’s largest cryptocurrency exchange—pleaded guilty to money laundering charges.

Last month, he was pardoned by President Donald Trump. However, this week, Trump stated that he has no idea who CZ is.

During an interview on the latest episode of 60 Minutes, Trump revealed that he doesn’t know much about CZ, despite having pardoned him just weeks ago.

“Okay, are you ready? I don’t know who he is,” Trump said during the interview, as quoted by CNBC. “I don’t know the man at all. I don’t think I ever met him,” he continued.

When asked how he came to pardon a man he doesn’t know, Trump explained that his family’s involvement in the crypto business influenced his decision.

“My sons are involved in crypto much more than I—me. I—I know very little about it, other than one thing. It’s a huge industry,” he said.

Trump also added that he “was told” CZ was a victim of the Biden Administration.
https://www.shacknews.com/article/146671/donald-trump-doesnt-know-cz-binance

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‘Bad for business’: CEO suing Trump in Supreme Court rails against ‘unlawful’ policy

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The Supreme Court is preparing to hear a lawsuit brought by Learning Resources CEO Rick Woldenberg against President Donald Trump regarding the latter’s unilateral use of emergency powers to impose tariffs.

Woldenberg is challenging Trump’s invocation of the International Economic Emergency Powers Act of 1977, arguing that using it to slap tariffs on imported goods without Congressional approval is “unlawful.” Speaking to MSNBC on Tuesday, he described the tariffs as an “asphyxiating tax” costing his company millions of dollars each year and hindering its ability to make sound business decisions.

“The size of the problem and the size of the implications meant that we had to take action to defend ourselves. I think that the case is actually pretty simple,” Woldenberg said. “The government brags that it’s $50 billion a month in proceeds. That’s just not bearable. And they’ve also promised that this is permanent. So we either choose to pay a tax we believe is unlawful, or we challenge it and ask the court to review it and decide.”

Woldenberg and his legal team are pushing for a prompt decision following Wednesday’s oral arguments. He highlighted the financial impact the tariffs have had on his company, noting that in 2024 their tariff-related expenses were zero, but in 2025 they are expected to spike to approximately $14 million, with costs potentially doubling in 2026.

“We’re behaving the way someone would behave if they had a sudden and irreversible expense of $14 million,” he explained. “We’re hiring fewer people. We’re spending less money on capital expenditures. We’re developing fewer products. We’re reducing our marketing spend. It’s bad for business because it’s diverting us from exercising our business judgment, which is how we got this far and what we want to do going forward.”

Woldenberg also criticized the administration’s accounting of the tariffs’ effects. “I think that the math that the administration is showing is a one-sided equation. They don’t really care to think about the costs,” he said. “They contend that there are advantages that I think are principally negotiating advantages. But many of the problems that they say they’ve solved were problems that are a result of high tariffs.”

Watch the segment below:
https://www.rawstory.com/bad-for-business-ceo-suing-trump-in-supreme-court-rails-against-unlawful-policy/

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California voters take up Democrats’ push for new congressional maps that could shape House control

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By JONATHAN J. COOPER, MICHAEL R. BLOOD and TRÂN NGUYỄN, Associated Press

LOS ANGELES (AP) — The national battle to control the U.S. House shifts to California on Tuesday as voters consider a Democratic proposal that could erase as many as five Republican districts and blunt President Donald Trump’s moves to safeguard his party’s lock on Washington power.

The outcome will reverberate into next year’s midterm elections and beyond, with Democrats hoping a victory will set the stage for the party to regain control of the House in 2026. A shift in the majority would imperil Trump’s agenda for the remainder of his term at a time of deep partisan divisions over immigration, health care, and the future direction of the nation.

“God help us if we lose in California,” Democratic Gov. Gavin Newsom said.

Democrats need to gain just three seats in the 2026 elections to take control of the House. Heavily Democratic California and its 52 congressional districts represent by far the Democrats’ best opportunity in an unprecedented state-by-state redistricting battle, which started when Texas Republicans heeded Trump’s demand that they redraw their boundaries to help the GOP retain its House majority.

Democrats hold 43 of the state’s seats and hope to boost that number to 48. Trump is fighting not just the Democrats but history. Midterm elections typically punish the party in the White House, but four GOP-led states so far have adopted new district maps to pack more Republican voters into key districts.

### Measure Supported by Newsom, Obama

California’s Proposition 50 asks voters to suspend House maps drawn by an independent commission and replace them with rejiggered districts adopted by the Democratic-controlled Legislature. Those new districts would be in place for the 2026, 2028, and 2030 elections.

The recast districts aim to dilute Republican voters’ power, in one case by uniting rural, conservative-leaning parts of far northern California with Marin County, a famously liberal coastal stronghold across the Golden Gate Bridge from San Francisco.

The measure has been spearheaded by Newsom, who has thrown the weight of his political operation behind it in a major test of his mettle ahead of a potential 2028 presidential campaign. Former President Barack Obama has urged voters to pass it as well.

Newsom has sought to nationalize the campaign, depicting the proposal as a counterweight to all things Trump.

“Republicans want to steal enough seats in Congress to rig the next election and wield unchecked power for two more years,” Obama said in one ad. “You can stop Republicans in their tracks.”

### Critics Say Two Wrongs Don’t Make a Right

Critics urge Californians to reject what they call a Democratic power grab, even if they have misgivings about Trump’s moves in Republican-led states.

Among the most prominent critics is Arnold Schwarzenegger, the movie star and former Republican governor who pushed for the creation of the independent commission, which voters approved in 2008 and 2010.

“It makes no sense to fight Trump by becoming him,” Schwarzenegger said in September, arguing that the proposal would “take the power away from the people.”

After an early burst of TV advertising, opponents of the plan have struggled to raise cash in a state with some of the nation’s most expensive media markets. Data compiled by advertising tracker AdImpact last week showed Democrats and other supporters with over $5 million in ad buys booked on broadcast TV, cable, and radio.

But opponents had virtually no time reserved, though the data didn’t include some popular streaming services like Hulu and YouTube or mail advertising. Total spending on broadcast and cable ads topped $100 million, with more than two-thirds of it coming from supporters. Newsom told people to stop donating in the race’s final weeks.

Trump, who overwhelmingly lost California in his three presidential campaigns, largely stayed out of the fray. A week before the election, he urged voters in a social media post not to vote early or by mail — messaging that conflicted with that of top Republicans in the state who urged people to get their ballots in as soon as possible.

### The National House Map Is in Flux

Democrats hope to pick up as many as five seats in California if voters approve the new boundaries, offsetting the five that Republicans hope to pick up through their new Texas maps. Republicans also expect to gain one seat each from new maps in Missouri and North Carolina, and potentially two more in Ohio.

Congressional district boundaries are typically redrawn every 10 years to reflect population shifts documented in the census. Mid-decade redistricting is unusual, absent a court order finding fault with the maps in place.

Five other GOP-led states are also considering new maps: Kansas, Indiana, Kansas, Louisiana, and Nebraska. On the Democratic side, Illinois, Maryland, New York, and Virginia have proposals to redraw maps, but major hurdles remain.

A court has ordered new boundaries be drawn in Utah, where all four House districts are represented by Republicans, but it remains to be seen if the state will approve a map that makes any of them winnable for Democrats.

Cooper reported from Phoenix and Nguyen from Sacramento, California.
https://www.bostonherald.com/2025/11/04/election-2025-california-prop-50/

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Trump’s policies and inflation drive governor’s race in New Jersey, where GOP has been making gains

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**New Jersey Voters Head to the Polls in High-Stakes Governor’s Race**

TRENTON, N.J. (AP) — New Jersey voters are casting their ballots Tuesday to elect the state’s next governor in a closely watched race that may reveal whether Democrats can maintain control of a state that has traditionally been reliably blue, but has shown signs of shifting toward Republicans in recent years.

Jack Ciattarelli, a former state legislator endorsed by former President Donald Trump, is seeking to become New Jersey’s first Republican governor since 2018. He faces U.S. Representative Mikie Sherrill, a Democrat in her fourth term in Congress, who would become the state’s second female governor if elected.

The outcome of the election could serve as a gauge of how the electorate is responding to Trump’s policies and whether key groups of Democratic voters still have confidence in the party’s leadership.

Ciattarelli, 63, is running for governor for the third time. He lost a Republican primary in 2017, then narrowly lost the general election in 2021 to Democratic Governor Phil Murphy, who is now term-limited. This campaign, Ciattarelli frames the race as an opportunity for voters to remove Democrats who have controlled both the governor’s office and the state Legislature for nearly eight years.

He has emphasized his background as a business owner with deep roots in New Jersey, along with his experience as a state and local elected official. Ciattarelli has touted his close relationship with Trump, saying it will benefit the state.

“Make no mistake. We cannot afford another four years of Phil Murphy’s failed policies,” Ciattarelli said during a rally earlier in the campaign.

Sherrill, 53, has centered her campaign around pushing back against Trump’s influence. She has recently highlighted the Trump administration’s sudden freeze on funding for a multibillion-dollar project to replace the aging rail tunnels that connect New Jersey to New York City beneath the Hudson River.

“This is what we’re fighting for in this country—to make sure that we have a president who has to follow the law,” Sherrill said.

Sherrill’s biography includes service as a U.S. Navy officer and helicopter pilot as well as work as a prosecutor. She has painted Ciattarelli as a candidate who would align with Trump’s actions regardless of the consequences.

If elected, Sherrill would join Christine Todd Whitman—who served from 1994 to 2001—as New Jersey’s only female governors.

In the 2024 presidential election, former Vice President Kamala Harris won New Jersey, but Trump narrowed his margin of loss significantly by shifting Hispanic voters toward the Republican side. Additionally, Democrats’ voter registration advantage has been eroding in recent years.

Ciattarelli has walked a fine line on Trump, praising him and giving the former president an “A” grade, while simultaneously seeking to appeal to Hispanic voters. Although he supports Trump’s effort to end birthright citizenship, Ciattarelli has also spoken about creating a “pathway to recognition,” which would involve providing driver’s licenses and Social Security numbers to undocumented immigrants without criminal records—a stance at odds with current Trump administration policies.

However, Ciattarelli has not clarified the specifics of what he means by a “pathway to recognition.” It is worth noting that New Jersey already issues driver’s licenses to some undocumented immigrants, and the federal government issues Social Security numbers.

With a tight race anticipated, the U.S. Department of Justice announced plans to monitor polling sites in Passaic County, a former Democratic stronghold that Trump won in 2024. New Jersey Attorney General Matt Platkin, a Democrat, criticized the monitoring program as “highly inappropriate,” noting it was requested by the state Republican Party.

Sherrill and Ciattarelli have debated twice and continue to campaign across the state, meeting voters at diners and relying on surrogates to spread their messages.

Prominent Democratic governors Gretchen Whitmer of Michigan, Josh Shapiro of Pennsylvania, and Wes Moore of Maryland, along with former President Barack Obama, have all rallied in New Jersey to support Sherrill.

Meanwhile, Trump has campaigned for Ciattarelli through telephone rallies, urging voters to back the Republican candidate. He has pledged that Ciattarelli would “rapidly” reduce energy and other costs, though details have not been specified.

In addition to the governor’s race, all 80 seats in the New Jersey State Assembly are on the ballot. Currently, Democrats hold a 52-28 majority.
https://ktar.com/national-news/trumps-policies-and-inflation-drive-governors-race-in-new-jersey-where-gop-has-been-making-gains/5770102/

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Trump tariffs could add $40 billion to holiday shoppers’ and sellers’ costs, LendingTree warns

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American Consumers to Spend Billions More This Holiday Season Due to Trump-Era Tariffs

American consumers are expected to have wallets billions of dollars lighter this holiday season, according to a recent analysis by LendingTree. The increased costs stem from tariffs imposed during President Donald Trump’s administration, which continue to impact prices on a variety of consumer goods.

Sunday marked six months since the announcement of the broad “liberation day” tariffs. Since then, prices for select food items and consumer products have risen. Now, as holiday merchandise that has been stored in warehouses for months finally reaches store shelves, consumers are beginning to feel the full impact of these added costs.

### LendingTree’s Analysis on Holiday Spending

LendingTree, an online lending marketplace, used 2024 winter holiday spending data to assess the financial effect of the tariffs on the upcoming season. The company estimates that the new tariffs will increase total holiday costs for both consumers and retailers by approximately $40.6 billion.

Of this amount, consumers are expected to bear the brunt, shouldering an estimated $28.6 billion in extra expenses. This increase translates to about $132 more spent per shopper. Retailers, meanwhile, are expected to cover the remaining $12 billion in elevated costs.

Matt Schulz, LendingTree’s Chief Consumer Finance Analyst, commented on the findings:
“For most Americans, spending an extra $132 at the holidays is significant. While it may not be earth-shattering, it can have a real impact on many families. It could prompt people to cut back on gift-giving this year or lead to them taking on extra debt. That’s a choice no one wants to have to make.”

### Impact on Consumer Behavior and Retailers

Retail analysts have told CNBC that they expect consumers to purchase fewer items this holiday season as a result of higher costs caused by tariffs. Schulz echoed this sentiment, calling it an “unfortunate reality” many consumers will face.

He added, “That might mean giving fewer items as gifts, or it could mean having to absorb the higher costs to give your loved ones what they want. I doubt we’ll see a huge drop-off in the amount of electronics and clothes gifted this year, simply because they are what many people want. However, for some, higher prices may leave them with no other choice.”

### Sectors Most Affected by Tariffs

LendingTree’s analysis highlights electronics buyers as facing the biggest increase in holiday spending, with an average additional cost of $186 per shopper. Clothing and accessories follow, with an estimated added cost of $82 per shopper.

As the holiday season approaches, shoppers and retailers alike may need to adjust their plans and budgets in response to these increased prices driven by ongoing tariff policies.
https://www.cnbc.com/2025/11/02/trump-trade-holiday-shopping-lending-tree-tariffs.html

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Trump vows to ‘fund SNAP as soon as possible’ if court allows, blasts Democrats over shutdown delay

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NEW: You can now listen to Fox News articles!

President Donald Trump said Friday that his administration has asked federal courts to clarify whether it can legally release Supplemental Nutrition Assistance Program (SNAP) payments as the government shutdown continues.

In a statement posted to Truth Social, Trump said government lawyers had raised doubts about whether existing funds could be used for the November distribution, and that two courts have issued conflicting opinions on the matter.

“Our Government lawyers do not think we have the legal authority to pay SNAP with certain monies we have available, and now two Courts have issued conflicting opinions on what we can and cannot do,” Trump wrote.

“I do NOT want Americans to go hungry just because the Radical Democrats refuse to do the right thing and REOPEN THE GOVERNMENT.”

The president said he had instructed administration attorneys to ask the courts for clarification “as soon as possible.”

“If we are given the appropriate legal direction by the Court, it will BE MY HONOR to provide the funding, just like I did with Military and Law Enforcement Pay,” Trump added.

“The Democrats should quit this charade where they hurt people for their own political reasons, and immediately REOPEN THE GOVERNMENT.”

Trump urged food stamp recipients to contact Senate Democrats, writing, “If you use SNAP benefits, call the Senate Democrats, and tell them to reopen the Government, NOW! Here is Cryin’ Chuck Schumer’s Office Number.”

SNAP, formerly known as food stamps, provides aid to about 42 million Americans each month, according to the U.S. Department of Agriculture (USDA). Funding for the program depends on congressional appropriations, which have lapsed during the current shutdown.

USDA Chief warns, “We’re right at the cliff” as 40 million Americans brace for a potential food stamp cutoff.

The president made his comments one day before the scheduled Nov. 1 payment date for many recipients. The USDA has not publicly confirmed whether benefits will be issued if the courts do not provide new guidance.

Trump has repeatedly accused Democrats of prolonging the shutdown to gain political leverage, while Democrats say the White House could reopen the government by signing a short-term spending bill already passed in the Senate.

In his post, Trump referenced his earlier actions to protect military and law enforcement paychecks during the standoff, calling it his duty to “ensure Americans don’t go hungry.”

CLICK HERE TO DOWNLOAD THE.
https://www.foxnews.com/politics/trump-vows-fund-snap-soon-possible-court-allows-blasts-democrats-shutdown-delay

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Fed rate cut is too little, too late — time to show glum Jerome Powell the door

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Commerce Department data and record stock-market highs indicate the US economy is on a tear so far under President Donald Trump. Yes, inflation is still a bit too high at 3%, but under Joe Biden, we had inflation two to three times that level. Economic growth was much lower then—downright anemic compared to the near 4% we’ve seen over the past six months, as measured by the Atlanta Federal Reserve Bank.

Someone please tell Federal Reserve chief Jerome Powell the good news.

On Wednesday, Powell announced a modest quarter-point interest rate cut, lowering rates to a new range of 3.75% to 4%. This is the first time in nearly three years that the benchmark rate has dropped to so low a level. It’s a decision that should add further energy to the US economy. Yet, in his comments, Powell sounded downright glum.

He described the economy as being in a period of “moderate growth,” wrongly stating that the United States is limping along at a 1.6% GDP growth rate. He also expects sub-2% economic growth next year. Talk about the tyranny of low expectations.

Powell remains hyper-critical of Trump’s trade policies and said he expects “some significant inflation… from tariffs” that will show up “pretty soon.” He’s only half-right at best. Tariffs are taxes that reduce growth and, in isolation, will spill into higher consumer prices. (Just look at what has happened to coffee prices due to tariffs of up to 50% on Brazilian and Colombian coffee beans.)

But Powell rarely, if ever, tells the world that Trump’s tax cuts, his cost-cutting deregulations, his “drill, baby, drill” energy strategies—which have produced record low oil and gas prices—and his many productive trade deals have been economic boons. These pro-growth policies all are disinflationary.

The biggest problem at the Fed is that, as Steve Forbes has correctly pointed out, Powell and his cadre of 300 PhD economists still believe that growth causes inflation. Apparently, if we reduce the production of goods and services, their prices will go down? That’s a little like hoping the sun rises in the west.

The Fed needs an abrupt change of course. It should always and everywhere defend the dollar and price stability through its interest rate policies and through its economic rhetoric. This would help reverse the greenback’s slide against other currencies and, in turn, reduce inflationary pressures.

The Fed should be cheerleading most of Trump’s supply-side and pro-America policies while waving cautionary flags about the dangers of tariffs. We also need a Fed chairman who sternly lectures Congress on the need to slash government deficit spending.

Our runaway $7 trillion budget is by far America’s greatest inflation and recession danger. But unlike his predecessor Alan Greenspan, a relentless budget hawk, Powell has been mum on our government’s runaway spending.

The Fed has done none of these things and instead has been a restraint on growth and higher incomes. That is why the time to shake up the Fed is now. Jerome Powell needs to go sooner rather than later.

*Stephen Moore is a former Trump senior economic advisor and a co-founder of Unleash Prosperity.*
https://nypost.com/2025/10/29/opinion/fed-rate-cut-is-too-little-too-late-show-jerome-powell-the-door/

business, economy

‘If It Weren’t For Me, They Would Be Doing Terrible’: Trump Just Turned On A Group That Loved Him, And Their Shock Is Palpable

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**American Cattle Ranchers Feel Let Down by Donald Trump’s New Beef Import Plans**

For years, cattle ranchers in America struggled to make a profit from their beef. Recently, however, conditions began to improve. Now, many ranchers feel that Donald Trump is letting them down with a new plan that could hurt their business.

According to MSNBC, last week Trump discussed buying more beef from Argentina. Just days later, his team announced plans to increase beef imports from Argentina to four times the current amount. Trump argues that this move will make beef cheaper for shoppers. The plan also supports Javier Milei, who currently leads Argentina and is a friend of Trump. Additionally, the U.S. is providing Argentina with $40 billion to help stabilize their economy.

This announcement upset many American ranchers, who voiced their concerns publicly. In response, Trump took to Truth Social and fired back, saying, “If it weren’t for me, they would be doing just as they’ve done for the past 20 years. Terrible!” He credited himself for their recent profitability, stating that he made other countries pay extra taxes to sell beef in America. For example, Trump imposed a 50% tariff on beef from Brazil.

Despite this, he urged ranchers to lower their prices, emphasizing that regular shoppers matter to him.

**Ranchers’ Concerns and Political Reactions**

Some ranchers posted videos from their farms expressing continued support for Trump but also concern that this new plan could disrupt the positive momentum just as business was improving. A few Republican politicians from agricultural districts have also criticized the plan, though most remain cautious about openly upsetting Trump.

The price of beef has risen significantly. Since Trump’s return to the presidency in January, ground beef prices have increased by 20%. Several factors contribute to this rise:

– Years of drought have reduced the number of cattle available.
– Trump’s tariffs have made beef imports from other countries more expensive.
– Mexico halted all beef exports this year due to an infestation of screwworms.

With less beef available but steady consumer demand, prices naturally climbed, benefiting ranchers who are finally earning better income.

**Rising Costs Beyond Beef**

It’s not just beef prices rising; overall consumer prices are increasing by about 3% annually. Many Americans face higher electric bills and soon will see much larger health insurance costs. Additionally, millions of car owners struggle to keep up with their vehicle payments.

This financial strain affects how people feel about spending money.

When Trump campaigned for the 2024 presidency, he promised that prices would drop quickly once he was in office. Recently, he claimed he had solved the inflation problem. However, surveys show that most Americans believe he is failing to manage the cost of living effectively.

—

*This article highlights the mixed reactions among American cattle ranchers and consumers regarding President Trump’s new beef import plans, and the broader economic challenges facing the country.*
https://attackofthefanboy.com/news/if-it-werent-for-me-they-would-be-doing-terrible-trump-just-turned-on-a-group-that-loved-him-and-their-shock-is-palpable/

business, economy, trade

Estados Unidos y China alcanzan un acuerdo marco sobre comercio antes de la reunión entre Trump y Xi. Estas son las claves

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Funcionarios de Estados Unidos y China alcanzaron un acuerdo marco, evitando un arancel potencialmente ruinoso del 157 % sobre los productos chinos y allanando el camino para un posible acuerdo comercial que será discutido entre el presidente Donald Trump y el líder chino Xi Jinping a finales de esta semana. Los mercados asiáticos y los futuros de acciones estadounidenses reaccionaron positivamente a la noticia.

Esto es lo que sabemos hasta ahora sobre las conversaciones.

Los negociadores de Estados Unidos y China llevaron a cabo su última ronda de conversaciones en Kuala Lumpur, la capital de Malasia, la primera parada de la gira diplomática relámpago de Trump por Asia. Fue poco después de que Trump aterrizara el domingo cuando surgieron las primeras señales positivas sobre las negociaciones comerciales.

“Creo que hemos alcanzado un marco sustancial para que los dos líderes se reúnan el próximo jueves”, dijo el secretario del Tesoro, Scott Bessent, en ABC desde Kuala Lumpur, donde él y el representante comercial Jamieson Greer encabezaron la delegación estadounidense para la quinta ronda de conversaciones presenciales.

Ahora todas las miradas están puestas en la esperada reunión entre Trump y el líder chino Xi Jinping en Corea del Sur este jueves, la cual ya está marcada por dudas sobre si realmente se llevará a cabo. La reunión, la primera entre ambos durante el segundo mandato de Trump, tendría lugar al margen de la cumbre de CEO de la Cooperación Económica Asia-Pacífico (APEC), donde se espera que Trump pronuncie un discurso.

Beijing aún no ha confirmado que la reunión se realizará, aunque esto no es inusual, ya que el Gobierno chino rara vez lo hace hasta que las conversaciones están en marcha. Sin embargo, las últimas señales de los negociadores comerciales en Malasia establecen un tono más positivo de cara a esa reunión tan esperada.

Las fricciones entre ambos países aumentaron rápidamente en septiembre después de que Estados Unidos ampliara su lista negra de exportaciones para restringir significativamente el acceso de más empresas chinas a la tecnología estadounidense. Por su parte, China intensificó sus propios controles de exportación sobre minerales de tierras raras.

La ampliación de las restricciones de Beijing sobre estos minerales críticos, de los cuales China tiene un papel casi monopólico en el procesamiento, llevó a Trump a prometer nuevos aranceles del 100 % a las importaciones chinas, que originalmente debían entrar en vigor en noviembre.

Ninguna de las partes ha proporcionado detalles completos del acuerdo marco, pero Bessent dijo en NBC que anticipa que Estados Unidos obtendría “algún tipo de aplazamiento” en los controles de exportación de tierras raras, y agregó que el marco prepara a Trump y Xi “para tener una reunión muy productiva”.

También señaló en CBS que China haría una compra “sustancial” de soja estadounidense. Los agricultores de soja en estados como Illinois, Iowa, Minnesota e Indiana han estado cosechando este otoño sin órdenes de compra de China, que antes era el mayor comprador de soja estadounidense.

Sobre el fentanilo, Bessent comentó que se llegó a un acuerdo inicial para una mayor cooperación para frenar el flujo de precursores químicos de la droga ilegal hacia Estados Unidos.

Además, destacó que ambas partes han alcanzado un “acuerdo final sobre TikTok”, cuyos activos en Estados Unidos deben ser vendidos a compradores estadounidenses según la legislación local. Estados Unidos y China finalizaron este acuerdo tras las conversaciones en Madrid.

“A partir de hoy, todos los detalles están resueltos, y eso quedará para que los dos líderes concreten esa transacción”, afirmó Bessent.

El domingo, la agencia estatal china Xinhua informó que los negociadores comerciales de Estados Unidos y China alcanzaron un “consenso preliminar” sobre cómo abordar sus “respectivas preocupaciones”.

Li Chenggang, el principal negociador comercial de China, quien encabezó la delegación china junto al viceprimer ministro He Lifeng, señaló que ambas partes mantuvieron conversaciones profundas sobre temas como los cargos portuarios especiales de EE. UU. a barcos construidos en China, la extensión de la tregua comercial, los aranceles al fentanilo, la cooperación en la lucha contra las drogas ilegales y los controles de exportación.

“Los sobresaltos y fluctuaciones” entre ambos países durante el último mes “no eran lo que China quería ver”, dijo Li a los periodistas tras las conversaciones del domingo, al tiempo que recalcó que China sigue firme en la defensa de sus intereses a pesar de la postura dura de Estados Unidos.

“Ambas partes acordaron seguir concretando los detalles específicos y cumplir con sus respectivos procesos de aprobación interna”, concluyó el comunicado.
https://wtop.com/news/2025/10/estados-unidos-y-china-alcanzan-un-acuerdo-marco-sobre-comercio-antes-de-la-reunion-entre-trump-y-xi-estas-son-las-claves/

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Bitcoin flashing ‘rare’ top signal, Hayes tips $1M BTC: Hodler’s Digest, Oct. 19 – 25

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Top Stories of The Week

Trader who made $190M shorting crash also apparently bet on CZ’s pardon

The anonymous crypto trader who reportedly made millions shorting the crypto market before US President Donald Trump’s tariff announcement appears to have profited again by betting that Trump would pardon the founder of Binance.

Onchain sleuth Euan highlighted Etherscan data showing a connection between this trader and a Polymarket account. The crypto wallet allegedly made $56,522 on Polymarket by betting that Trump would pardon Changpeng “CZ” Zhao sometime in 2025.

This trader had already been suspected within crypto circles of having access to insider knowledge, after their tightly timed Bitcoin and Ethereum shorts just hours before Trump’s tariff announcement sent prices tumbling.

Rumble partners with Tether to add Bitcoin tips for content creators

Video-sharing platform Rumble is preparing to roll out Bitcoin tipping for its more than 51 million monthly active users, announced CEO Chris Pavlovski on Friday.

Rumble has teamed up with stablecoin issuer Tether to enable Bitcoin tipping, Pavlovski said onstage at the Plan ₿ Forum in Lugano, Switzerland. “Right now, we’re in the testing phase [but] we’re going to start rolling that out alongside Tether here in the coming weeks,” he added.

Tether CEO Paolo Ardoino, also onstage, expects a full rollout by early to mid-December once small bugs are fixed and the user experience is polished.

‘Crazy stuff’ needed for Bitcoin to reach $250K this year: Novogratz

Galaxy Digital CEO Mike Novogratz said that for Bitcoin to reach $250,000 by the end of the year, the planets would almost need to align perfectly.

Several crypto executives have recently reaffirmed their $250,000 Bitcoin price predictions for year-end. “The end of the year is only two and a half months away,” Novogratz said during a CNBC interview, adding: “There would have to be a heck of a lot of crazy stuff to really get that kind of momentum.”

Arthur Hayes calls for $1M Bitcoin as new Japan PM orders economic stimulus

Japan’s new Prime Minister, Sanae Takaichi, announced a package of economic stimulus measures on Tuesday aimed at easing inflation’s impact on households.

Some crypto observers believe these measures may drive more capital into Bitcoin. The stimulus includes subsidies for electricity and gas charges, as well as regional grants to ease price pressures and encourage small to medium-sized businesses to raise wages.

BitMEX co-founder Arthur Hayes interpreted this as a precursor to more fiat money printing by Japan’s central bank, which he says may propel Bitcoin’s rise to $1 million. “Translation: let’s print money to hand out to folks to help with food and energy costs,” Hayes commented on X, adding this dynamic might trigger a rise in both Bitcoin and the Japanese yen.

Prediction markets hit new high as Polymarket enters Sam Altman’s World

World co-founder and OpenAI CEO Sam Altman’s digital identity project, previously known as Worldcoin, is expanding into prediction markets by integrating Polymarket.

The World App, a mobile app combining a digital wallet with World’s decentralized identity tool, World ID, has integrated the Polymarket App, the company announced Tuesday.

“World App users can download and access the new Mini App today in countries where Polymarket’s services are permitted,” the announcement said.

Winners and Losers

At week’s end, Bitcoin (BTC) is trading at $111,265, Ether (ETH) at $3,932, and XRP at $2.60. The total crypto market capitalization stands at $3.61 trillion, according to CoinMarketCap.

Among the top 100 cryptocurrencies, the biggest altcoin gainers of the week are:

  • Humanity Protocol (H) – 224.39%
  • Virtuals Protocol (VIRTUAL) – 80.72%
  • ZCash (ZEC) – 28.45%

The top three altcoin losers of the week are:

  • Plasma (XPL) – 7.93%
  • PancakeSwap (CAKE) – 5.91%
  • TRON (TRX) – 5.03%

For more on crypto prices, be sure to read Cointelegraph’s detailed market analysis.

Most Memorable Quotations

“If Congress does not stop this kind of corruption, it owns it.” – Elizabeth Warren, US senator

“So the most likely outlook is we’re rangy between 100 and 120 or 125, unless we take out the top side.” – Mike Novogratz, CEO of Galaxy Digital

“Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops.” – Peter Brandt, veteran trader

“Sometimes we’re literally selling 50 million an hour or 100 million an hour and buying the $100 million of Bitcoin the same hour.” – Michael Saylor, executive chairman of Strategy

“So what happens there is the AI analyzes where you are, looks at the geography of what retailer [is nearby] and determines that that’s the one, and then uses a blockchain to actually do a digital payment system for the tall low-fat latte.” – Kevin O’Leary, multimillionaire

“I’ve been saying for the past two years that the influence of @paradigm within Ethereum could become a relevant tail risk for the ecosystem. I believe this will become increasingly clear to everyone in the months ahead.” – Federico Carrone, Ethereum developer

Top Prediction of The Week

XRP price eyes rally to $3.45 after Ripple CEO tells investors to ‘lock in’

XRP is flashing signs of a potential 35% breakout as bullish technicals align with fresh fundamentals, including Ripple CEO Brad Garlinghouse’s renewed push for the blockchain company’s “internet of value” vision.

Technical analysis indicates that XRP has bounced off the lower trendline of its prevailing ascending triangle pattern—a support that has historically preceded powerful rebound moves, including 70-80% jumps earlier in 2025.

Top FUD of The Week

Spot Ether ETFs see outflows for second consecutive week amid ‘cooling demand’

Spot Ethereum exchange-traded funds (ETFs) have experienced two straight weeks of outflows amid cooling investor sentiment after months of strong inflows.

According to SoSoValue data, Ether products posted $243.9 million in net redemptions for the week ending Friday, following the previous week’s $311 million outflow.

This brings cumulative inflows across all Ether spot ETFs to $14.35 billion, with total net assets at $26.39 billion—approximately 5.55% of Ethereum’s market cap.

On Friday, the funds saw $93.6 million in outflows. BlackRock’s ETHA ETF led withdrawals with $100.99 million outflows, while Grayscale’s ETHE and Bitwise’s ETHW posted minor inflows.

Young Australians’ biggest financial regret: Ignoring Bitcoin at $400

Over 40% of Australian Gen Z and Millennials regret not investing in cryptocurrency a decade ago, a new survey from crypto broker Swyftx reveals.

The study, conducted by YouGov and released Thursday, surveyed 3,009 people. Nearly half of those under 35 expressed regret for missing out on crypto, followed by regrets over not buying property or shares in big tech companies like Apple and Amazon.

The fear of missing out (FOMO) is likely fueled by institutional buying of Bitcoin and Ether by corporations, sovereign entities, and US pension funds, according to Swyftx.

Bitcoin chart is echoing the 1970s soybean bubble: Peter Brandt

Veteran trader Peter Brandt warns that Bitcoin’s price chart is starting to resemble the soybean market of the 1970s, which topped before plunging 50% amid excess global supply.

“Bitcoin is forming a rare broadening top on the charts. This pattern is famous for tops,” Brandt told Cointelegraph. “In the 1970s, Soybeans formed such a top, then declined 50% in value.”

However, some Bitcoin analysts remain confident that the charts signal further upside ahead.

Top Magazine Stories of The Week

Mysterious Mr Nakamoto author: Finding Satoshi would hurt Bitcoin

The author of The Mysterious Mr Nakamoto chased suspects worldwide and is now open to the idea that Satoshi Nakamoto might be an ex-cypherpunk working for the NSA.

Most wealthy Hong Kong investors plan to buy crypto, Japan’s Bitcoin plan: Asia Express

Hong Kong’s wealthy investors are planning to enter the crypto market this year, South Korea is poised to ban stablecoin yields, and more regional updates.

Cliff bought 2 homes with Bitcoin mortgages: Clever or insane?

Buying a house on credit while holding Bitcoin sounds intriguing. Bitcoin-backed mortgages offer interesting benefits, but what are the drawbacks? We explore this trend in the latest feature.

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