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Peter Schiff Warns of a “Death Spiral” in MicroStrategy’s Bitcoin Strategy

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Peter Schiff is warning that MicroStrategy’s Bitcoin-backed yield strategy is heading toward a death spiral, claiming the company’s expanding STRC preferred stock issuance now threatens both MSTR shares and Bitcoin itself. The economist and longtime Bitcoin (BTC) critic argues that Strategy’s variable 11.5% dividend cannot be funded without selling Bitcoin or attracting an endless stream … Read more

Trump Coins Crash After WHCD Shooting Shocks Washington

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The Official Trump (TRUMP) meme coin fell 14% on Saturday. The decline came as a gunman charged a Secret Service checkpoint at the White House Correspondents’ Dinner. President Trump, Vice President JD Vance, and Cabinet members were evacuated from the Washington Hilton ballroom. Cole Tomas Allen, 31, of Torrance, California, opened fire near the checkpoint … Read more

California Man Gets 70 Months in Prison for $260 Million Crypto Scam

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A California man received a 70-month federal prison sentence Friday for laundering millions of dollars from a $263 million crypto theft, the US Attorney’s Office for the District of Columbia announced. Evan Tangeman, 22, of Newport Beach, admitted moving at least $3.5 million for a multi-state crew that drained more than 4,100 Bitcoin (BTC) from … Read more

ECB Picks Open European Standards for Digital Euro, Sidelining Visa and Mastercard

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The European Central Bank (ECB) signed agreements with three European standard-setting bodies to build the digital euro on open, non-proprietary infrastructure, directly challenging the dominance of Visa and Mastercard across the eurozone. The deals with the European Card Payment Cooperation (ECPC), nexo standards, and the Berlin Group give the digital euro a free, shared technical … Read more

Bitcoin Has 1 Week to Secure Its Best April Since 2020

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Bitcoin (BTC) is heading into the final week of April 2026 with a +13.71% gain so far. That leaves holders just half a percentage point short of the strongest April performance for the asset in five years. Only a few days remain before the monthly close. BTC must add roughly 0.5% to surpass April 2025’s … Read more

Federal Agency Sues New York Over Prediction Market Ban

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The Commodity Futures Trading Commission sued New York to block the state from enforcing its gambling laws against federally registered prediction market exchanges. The complaint filed in the Southern District of New York seeks a declaratory judgment confirming federal preemption, plus a permanent injunction barring state action against CFTC-registered designated contract markets. Fourth State in … Read more

Rep. Luna Accuses Nancy Pelosi of Insider Trading After 17,000% Gains

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Rep. Anna Paulina Luna accused former House Speaker Nancy Pelosi of insider trading on Thursday, arguing that her reported 17,000% portfolio return since entering Congress is statistically impossible without access to nonpublic government information. The Florida Republican posted the allegation on X, contrasting Pelosi’s stock market gains with the federal prosecution of a Special Forces … Read more

US Consumer Sentiment Hits Record Low Amid Iran War

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US consumer sentiment has hit a record low, collapsing to 47.6 in April. That reading is the lowest in the University of Michigan’s 74-year survey history, deeper than pessimism recorded during the 2008 crisis or COVID pandemic shutdowns. Economists blame the ongoing war with Iran, surging energy costs, and persistent inflation for the historic drop. … Read more

Goldman Sachs Says AI Cost US Economy 16,000 Jobs Per Month

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AI has trimmed US monthly payroll growth by roughly 16,000 jobs over the past year, according to new research from Goldman Sachs economists, nudging the unemployment rate up by 0.1 percentage point. The analysis separates jobs at risk of being replaced by AI from those where the technology augments human workers. That distinction reveals a … Read more