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White House aides cut off outside access to former President Joe Biden, which ultimately backfired and worsened his cognitive function, according to a new book.

The book, ‘Uncharted: How Trump Beat Biden, Harris, and the Odds in the Wildest Campaign in History,’ published Tuesday, claims the White House kept Biden from socializing even with those he regarded as friends and allies. 

‘Even Biden’s acquaintances were kept at bay,’ Chris Whipple, a former producer for CBS’ ’60 Minutes,’ wrote. ‘Bill Daley, former White House chief of staff to Barack Obama, paid frequent visits to one of the president’s senior advisors in the West Wing. ‘I went to the White House a dozen times,’ he told me. ‘Never once did somebody say, ‘Oh, come on in and see the president.’ Never. Everything was scripted.’ 

Not everyone in the White House thought it was a wise strategy, according to the book. Whipple wrote that one White House aide suggested ‘walling Biden off from the world was a grave mistake.’ 

‘‘They were afraid he might say the wrong thing or might feed the mental acuity narrative,’ he told me. ‘And so he started seeing fewer and fewer people. They allowed his faculties to atrophy. But I think, like knives, they have to be sharpened. They get sharpened by rubbing them up against steel. And they don’t get sharpened by sitting in a drawer,’’ Whipple wrote.

‘Uncharted’ chronicles the 2024 election cycle and the aftermath of Biden’s appearance at the presidential debate with Donald Trump June 27 that prompted Biden to bow out of the race in July. 

The book also details how, after the debate, Biden conducted an interview with ABC News anchor George Stephanopoulos July 5 in an attempt to prove to the public his mental faculties were intact amid calls for him to exit the race. 

But Whipple wrote that Biden sounded ‘semi-coherent’ during the interview, which occurred weeks before Biden withdrew his candidacy July 21. 

‘Stephanopoulos questioned the president gently, like a grandson,’ Whipple wrote. ‘Afterward, when I asked the ABC anchor by email for his impressions, he replied: ‘Heartbreaking up close.’’

A spokesperson for Biden did not immediately respond to a request for comment from Fox News Digital. 

Fox News’ Lindsay Kornick and Hanna Panreck contributed to this report. 

This post appeared first on FOX NEWS

Mike Huckabee, President Donald Trump’s nominee for U.S. ambassador to Israel, has been confirmed to the position by the United States Senate. 

The Senate voted 53 to 46 on Tuesday to advance Huckabee’s nomination. He was confirmed Wednesday by a 53-46 vote and will now represent the U.S. as Israel continues its war against Hamas in the Gaza Strip. Sen. John Fetterman, D-Penn., an outspoken pro-Israel lawmaker, was the only Democrat to support Huckabee’s confirmation. 

While Republicans have championed Huckabee as an ardent supporter of Israel, Democrats have questioned his previous ‘extreme’ position on Palestinians.

The former Arkansas governor has previously argued it is Israel’s right to annex the West Bank and has flatly rejected the push to establish a two-state solution when it comes to the Gaza Strip. 

Huckabee has not commented on whether he still views the West Bank as Israel’s right to claim, or where he stands when it comes to Trump’s position on the Gaza Strip, which the president said he would like to turn into the ‘riviera of the Middle East’ and called for the ‘relocation’ of more than 2 million Palestinians.

During his confirmation hearing, the former governor pushed back on claims that Trump wants to take over the Gaza Strip, insisting the president has not called for the ‘forced displacement’ of Palestinians from Gaza – ‘unless it is for their safety.’

‘If confirmed, it will be my responsibility to carry out the president’s priorities, not mine,’ Huckabee said in response to questions levied at him by Sen. Jeff Merkley, D-Ore.

However, Huckabee’s testimony during Senate questioning is unlikely to have garnered much new support from Democrats in Congress. 

‘Huckabee’s positions are not the words of a thoughtful diplomat – they are the words of a provocateur whose views are far outside international consensus and contrary to the core bipartisan principles of American diplomacy,’ New York Rep. Jerry Nadler, a senior Jewish Democrat, said in a statement last month. ‘In one of the most volatile and violent areas in the world today, there is no need for more extremism, and certainly not from the historic ambassador’s post and behind the powerful seal of the United States.’

The Associated Press contributed to this report. 

This post appeared first on FOX NEWS

Ukraine’s President Volodymyr Zelensky said Wednesday that Ukrainian intelligence had identified 155 Chinese citizens fighting alongside Russian forces, a day after Ukraine said two Chinese nationals were captured in the country.

The Chinese nationals had been recruited through advertisements, including on social media, Zelensky said in a briefing Wednesday.

China has consistently denied any involvement in the war.

A spokesperson for China’s Ministry of Foreign Affairs said earlier Wednesday that any claims that Chinese citizens are fighting in Ukraine were “groundless.”

“It is important to emphasize that the Chinese government has always instructed its citizens to stay away from areas of armed conflict and avoid getting involved in the conflict in any form, especially avoiding participation in any party’s military operations,” spokesperson Lin Jian said in a press conference.

Most of the contracts in the document are dated “2024” and straddle different military units.

“We are collecting information and we believe that there are more, many more,” Zelensky said Wednesday, before claiming that Beijing was aware of Russians placing recruitment videos on Chinese social networks.

“These people arrive to the Russian Federation, to Moscow. Medical examinations last three to four days. Training centers are for one to two months. They fight on the territory of Ukraine,” he added.

Asked whether he thought the presence of Chinese nationals in Ukraine was a result of official Beijing policy, Zelensky said: “I don’t have an answer to this question yet. The Security Service of Ukraine will work on it … We are not saying that someone gave any command, we do not have such information.”

The allegations of Chinese nationals fighting alongside Russian forces follow claims by Ukraine that two Chinese nationals fighting in the Russian army have been taken prisoner in eastern Ukraine.

Zelensky said Tuesday that Ukrainian forces fighting in the Donetsk region obtained the Chinese nationals’ documents, bank cards and personal data.

The Ukrainian president on Wednesday added that Ukraine was “ready to exchange” the two individuals for Ukrainian prisoners of war.

The Kremlin spokesperson on Wednesday declined to comment on the claim that Chinese nationals were allegedly captured in Ukraine. Beijing said on Wednesday that it was “currently verifying” the situation with Ukraine.

Ukrainian military says Chinese national paid to join Russian army

One of the Chinese nationals captured fighting in eastern Ukraine had paid to join the Russian military through an intermediary in China, with the goal of becoming a Russian citizen, according to the Ukrainian military.

The Chinese detainee, who Ukrainian authorities said Tuesday was taken as a prisoner of war alongside a second Chinese national, was likely speaking under duress.

“According to the prisoner, he joined the Russian military through an intermediary in China, paying RUB 300,000 ($3,500) for the opportunity to enlist in the Russian Armed Forces,” the communications department of the Luhansk Operational Tactical Group said in a statement to Ukrainian media.

“He stated that his primary motivation was the desire to become a serviceman and obtain Russian Federation citizenship. He also mentioned that some group members had legal issues in China,” the statement to news outlet Ukrainska Pravda said.

“He reported that he had received training in the temporarily occupied territory of Luhansk Oblast as part of a group of Chinese nationals. The training covered basic military skills and was conducted without an interpreter, relying on gestures and a mobile translator for communication.”

The Ukrainian military tactical group said the man was taken prisoner when a Russian assault group chose to surrender under fire from Ukrainian soldiers.

“The individual is currently cooperating with Ukrainian investigative agencies, and his identity and citizenship have been confirmed. He noted that his family was aware of his intentions to go to Russia, although he officially travelled as a tourist,” the statement to Ukrainska Pravda said.

This post appeared first on cnn.com

Here’s a quick recap of the crypto landscape for Wednesday (April 9) as of 9:00 a.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) has halted its recent slight recovery, priced at US$77,268.18 and down 2.8 percent in 24 hours. The day’s range has brought a low of US$74,772.55 and a high of US$79,968.91.

Bitcoin performance, April 7, 2025.

Bitcoin performance, April 7, 2025.

Chart via TradingView

Bitcoin has seen sharp volatility amid rising global trade tensions, with US–China tariff escalations fueling fears of a trade war. Investors are retreating from risk assets, while rumors of major institutional sell-offs have added further pressure to its price.

Ethereum (ETH) is priced at US$1,479.31.90, a 5.7 percent decline over the past 24 hours. The cryptocurrency reached an intraday low of US$1,398.62 and a high of US$1,575.01.

Altcoin price update

  • Solana (SOL) is currently valued at US$107.17, down 4.0 percent over the past 24 hours. SOL experienced a low of US$101.86 and a high of US$110.64 on Wednesday.
  • XRP is trading at US$1.83, reflecting a 6.4 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.73 and a high of US$1.95.
  • Sui (SUI) is priced at US$1.97, showing an increaseof 3 percent over the past 24 hours. It achieved a daily low of US$1.87 and a high of US$2.08.
  • Cardano (ADA) is trading at US$0.5748, reflecting a 7.6 percent free fall over the past 24 hours. Its lowest price on Wednesday was US$0.5406, with a high of US$0.6155.

Crypto news to know

Trump’s tariff shock wipes US$2 billion from US Bitcoin stash

The US government’s Bitcoin holdings have dropped by nearly US$2 billion since April 2 —dubbed “Liberation Day” by President Trump— following a steep market selloff triggered by the global tariff announcements.

According to Arkham Intelligence, the 198,012 BTC held by federal agencies declined in value from US$17.24 billion to US$15.21 billion in just under a week as Bitcoin slid from over US$87K to below US$77K.

Trump’s executive order earlier in March established a strategic Bitcoin reserve sourced from seized assets, further tying federal coffers to crypto price swings.

The losses come as the administration ramps up global economic pressure, testing the volatility of its newly created digital reserve.

Pakistan taps Bitcoin mining and AI to solve power woes

Pakistan is turning to Bitcoin mining and AI data centers as a solution for its surplus electricity problem, aiming to repurpose excess power into revenue-generating infrastructure.

Bilal Bin Saqib, head of the country’s Crypto Council, told Reuters that mining sites will be selected based on regional energy overcapacity, with former Binance CEO Changpeng Zhao advising on the initiative.

Despite regulatory ambiguity, Pakistan ranks among the top 10 countries in global crypto adoption and boasts over 15 million users.

The move also emphasizes youth blockchain upskilling and fostering innovation in fintech through regulatory sandboxes to boost exports and economic resilience.

Kraken and Mastercard bring crypto spending to 150 million merchants

Crypto exchange Kraken is teaming up with Mastercard (NYSE:MA) to roll out crypto debit cards across the UK and Europe, enabling users to spend digital assets at more than 150 million merchants.

The partnership builds on Kraken Pay, which allows seamless crypto-to-fiat transactions in over 300 currencies. The new physical and digital cards—set to launch in the coming weeks—are aimed at expanding crypto’s real-world utility and normalizing digital asset payments.

Kraken CEO David Ripley views this as a critical step toward integrating crypto into everyday commerce, while Mastercard underscores its commitment to innovating in digital finance and supporting blockchain initiatives across its global network.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Former Vice President Kamala Harris engaged in a ‘dark-arts operation’ to undercut other potential running mates for former President Joe Biden in the 2020 election, according to a new book. 

The book, ‘Fight: Inside the Wildest Battle for the White House,’ published April 1 by William Morrow and Company, claims that Harris spread unfavorable information about other possible vice presidential picks for Biden. 

‘In 2020, when she beat out a crowded field to join Biden’s ticket, Harris advisers ran a dark-arts operation to undermine the competition, circulating negative information on her rivals,’ write political journalists Jonathan Allen of NBC News and Amie Parnes of The Hill.

Specifically, the book singled out Los Angeles Mayor Karen Bass, former U.S. Ambassador to the United Nations Susan Rice, former Democratic Georgia gubernatorial candidate Stacey Abrams, and Michigan Gov. Gretchen Whitmer. 

‘‘We stabbed Karen Bass a little bit. We stabbed Susan Rice a little bit. We stabbed Stacey Abrams a little bit,’ one adviser said of the effort four years earlier. ‘We stabbed Gretchen Whitmer.’’

The book did not delve into the specifics Harris took to undercut her opponents as they all vied for the vice presidential nomination. 

But any steps Harris took to undermine those women didn’t damage their relationships enough to stop them from backing her in the 2024 election. 

Bass endorsed Harris, and both Whitmer and Abrams appeared at Harris campaign events in 2024. Additionally, Rice also defended Harris in July after Rep. Ted Burchett, R-Tenn., described Harris as a ‘DEI hire.’ Rice described the comment as ‘incredibly insulting,’ in an interview with CNN. 

Harris, who previously served as a senator from California, has signed with CAA Speakers, which represents high-profile celebrities. CAA did not immediately respond to a request for comment from Fox News Digital.

‘Fight’ chronicles how President Donald Trump secured the White House for a second term. Allen and Parnes conducted interviews with more than 150 political insiders for the book, according to the book’s description.

The book also details how former President Barack Obama remained wary of supporting Harris in the 2024 election to replace Biden, amid concerns about his mental fitness. Likewise, the book shares that Obama doubted Biden’s political abilities as the race dragged on. 

This post appeared first on FOX NEWS

Sen. Adam Schiff fired back late Tuesday after President Donald Trump mocked the California Democrat during a black-tie Republican dinner in Washington, D.C.

‘The President of the United States seems oddly focused on me,’ Schiff posted after footage of Trump’s jokes made the rounds.

‘Shouldn’t he be focused on the economy he’s crashing?’ he wrote.

During the event hosted by the National Republican Congressional Committee (NRCC) – the House Republicans’ campaign arm – Trump wove in a few insults about the Boston-born Angeleno’s appearance into a verbal indictment of his role in the 2016 Russia collusion investigation.

Senator Adam Schiff and Kash Patel clash over January 6th song

‘Adam ‘Schifty’ Schiff – can you believe this guy?’ Trump said. ‘He’s got the smallest neck I’ve ever seen – and the biggest head: We call him Watermelon-Head.’ Trump went on to ruminate about how Schiff’s ‘big fat face’ could ‘stand on a neck’ the size of the president’s finger. 

‘It’s the weirdest thing – it’s a mystery; no one can understand it.’

Trump went on to call Schiff ‘one of the most dishonest human beings I’ve ever seen,’ and wondered aloud how people like Schiff could be able to run for office.

‘He was in charge of the fake witch hunt – with ‘Russia, Russia, Russia’ – it was a made-up story,’ he said, playing off the ‘Brady Bunch’ line ‘Marsha, Marsha, Marsha.’

In 2020, Schiff managed the House’s impeachment probe into Trump, leading off his opening remarks that January by comparing former Treasury Secretary Alexander Hamilton’s 1792 warning to then-President George Washington about future American leaders who would rise to the executive ‘despotic in [their] ordinary demeanor.’

‘When a man unprincipled in private life desperate in his fortune, bold in his temper, possessed of considerable talents, having the advantage of military habits… known to have scoffed in private at the principles of liberty—when such a man is seen to mount the hobby horse of popularity—to join in the cry of danger to liberty—to take every opportunity of embarrassing the General Government & bringing it under suspicion—to flatter and fall in with all the nonsense of the zealots of the day—It may justly be suspected that his object is to throw things into confusion that he may ‘ride the storm and direct the whirlwind,’ Schiff said at the time.

Since then, he and Trump have often traded criticisms, with Trump also referring to him in the past as a ‘structural marvel,’ with an appearance like a ‘finger on a basketball.’

In October, Trump compared Schiff to the ‘enemy from within’ and called him a ‘sleazebag’ on FOX Business before lamenting that the Democrat would likely defeat former MLB star Steve Garvey for California’s open U.S. Senate seat.

For his part, Schiff has also clapped back at Republicans for their criticisms – responding in July to a report that now-Vice President JD Vance had lamented campaign name-calling after Minnesota Gov. Tim Walz called the GOP ticket ‘weird.’

‘Shifty Schiff, pencil neck and watermelon head, would like a word, JD,’ Schiff responded at the time on Facebook.

Fox News Digital reached out to Schiff for additional comment but did not immediately hear back.

This post appeared first on FOX NEWS

Here’s a quick recap of the crypto landscape for Monday (April 7) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was displaying a slight recovery to US$78,142.37, down 1.8 percent in 24 hours. The day’s range has brought a low of US$75,822.10 and a high of US$80,818.20.

Bitcoin performance, April 7, 2025.

Bitcoin performance, April 7, 2025.

Chart via TradingView.

Within a 24 hour period, Bitcoin saw US$468.88 million worth of positions closed due to liquidations, based on data from Coinglass at the time of this writing. However, as the top cryptocurrency’s price plummets, its network has demonstrated a surge in computational power, with the hashrate establishing a new all-time high.

Data gathered from Glassnode by CoinDesk shows Bitcoin’s hashrate hit 1.025 zetahashes per second on April 4 for the first time since its inception, exceeding the previous record set on January 31 of this year.

Bloomberg strategist Mike McGlone suggested to Cointelegraph that Bitcoin could potentially fall to US$10,000.

Ethereum (ETH) is priced at US$1,544.90, a 5 percent decline over the past 24 hours.

The cryptocurrency reached an intraday low of US$1,486.10 and a high of US$1,608.86. Coinglass data shows liquidations totalling US$348.04 million in 24 hours.

Altcoin price update

  • Solana (SOL) is currently valued at US$105.93, down 1.9 percent over the past 24 hours. SOL experienced a low of US$101.06 and a high of US$110.64 on Monday.
  • XRP is trading at US$1.90, reflecting a 4.9 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.76 and a high of US$1.97.
  • Sui (SUI) is priced at US$2.01, showing an increaseof 3 percent over the past 24 hours. It achieved a daily low of US$1.83 and a high of US$2.04.
  • Cardano (ADA) is trading at US$0.5771, reflecting a 2.1 percent decrease over the past 24 hours. Its lowest price on Monday was US$0.5374, with a high of US$0.5926.

Crypto news to know

Strategy to log US$5.9 billion unrealized loss

Michael Saylor’s Strategy (NASDAQ:MSTR) said it will register an eye-watering US$5.9 billion unrealized loss in Q1 after adopting fair-value accounting for its Bitcoin reserves — a policy shift that reflects BTC’s steep pullback this year.

The loss comes after a fresh buying spree in early 2025, which left the firm with roughly US$1 billion in paper losses on recent acquisitions alone. The company will also log a US$13 billion boost to retained earnings due to the new accounting standards, highlighting the volatile nature of being Wall Street’s leading BTC proxy.

Strategy shares tumbled as much as 14 percent on Monday, raising new questions about whether Saylor’s “buy-and-hold forever” ethos can withstand institutional scrutiny in a more volatile macro climate.

Mantra launches US$108 million ecosystem fund for RWA and DeFi projects

Mantra, a layer-1 blockchain built for tokenized real-world assets (RWAs), has launched the Mantra Ecosystem Fund (MEF), a US$108,888,888 ecosystem fund to accelerate the growth and adoption of projects and startups on its network.

According to a press release, MEF will find potential investments through Mantra’s large network of partners, which includes incubators, accelerators and investment firms like Laser Digital, Shorooq and others.

Mantra CEO John Patrick Mullin told Cointelegraph that the fund will operate an “open-arms policy, welcoming projects at any developmental stage globally with a particular focus on RWA’s and DeFi.”

Pakistan enlists Changpeng Zhao as crypto advisor

Pakistan’s Crypto Council (PCC), a newly formed regulatory body overseeing the country’s adoption of blockchain technology and digital assets, has appointed former Binance CEO Changpeng Zhao (CZ) to act as a strategic advisor on matters such as regulation, infrastructure and adoption.

‘Pakistan is opening its doors to the future of finance,’ said PCC CEO Bilal Bin Saqib.

‘And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.’

Last month, Saqib told Bloomberg that Pakistan intends to pursue international investment in the crypto sector. The country aims to capitalize on its young, tech-savvy population and its potential as a growing, cost-effective market.

CZ was also tapped to advise the Kyrgyz Republic on blockchain and crypto-related regulation on April 3.

Hong Kong okays staking for licensed crypto exchanges

Hong Kong’s Securities and Futures Commission has unveiled formal guidelines allowing licensed exchanges and funds to offer staking services, provided strict custodial and disclosure requirements are met.

Staking, crucial for securing proof-of-stake networks and generating passive returns, had previously been a regulatory gray area in the city. Under the new rules, exchanges must retain direct control of client assets, explicitly barring third-party delegation, and provide full transparency on risks, fees and lockup periods.

The move reflects Hong Kong’s ambitions to rival other financial hubs and attract global digital asset firms amid the regulatory vacuum in jurisdictions like the US, where staking remains under scrutiny.

South Korea’s US$890 billion pension fund to adopt blockchain

South Korea’s National Pension Service (NPS), one of the world’s largest public pension funds, is moving to incorporate blockchain technology into its operational infrastructure, according to a recent Seoul Economic Daily report.

With over US$800 billion in assets under management, the NPS aims to use blockchain to improve tracking of transactions, client withdrawals and investment flows, especially for foreign clients.

Though the fund is not directly investing in crypto, it has taken equity positions in firms like Coinbase and Strategy, signaling long-term confidence in the industry’s underlying technology.

The NPS initiative aligns with the nation’s growing retail enthusiasm for crypto. South Korea now boasts more than 16 million crypto investors, a surge that has accelerated since US President Donald Trump’s electoral win, with market participants anticipating a more favorable global crypto environment.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Monday (April 7) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

At the time of this writing, Bitcoin (BTC) was displaying a slight recovery to US$78,142.37, down 1.8 percent in 24 hours. The day’s range has brought a low of US$75,822.10 and a high of US$80,818.20.

Bitcoin performance, April 7, 2025.

Bitcoin performance, April 7, 2025.

Chart via TradingView.

Within a 24 hour period, Bitcoin saw US$468.88 million worth of positions closed due to liquidations, based on data from Coinglass at the time of this writing. However, as the top cryptocurrency’s price plummets, its network has demonstrated a surge in computational power, with the hashrate establishing a new all-time high.

Data gathered from Glassnode by CoinDesk shows Bitcoin’s hashrate hit 1.025 zetahashes per second on April 4 for the first time since its inception, exceeding the previous record set on January 31 of this year.

Bloomberg strategist Mike McGlone suggested to Cointelegraph that Bitcoin could potentially fall to US$10,000.

Ethereum (ETH) is priced at US$1,544.90, a 5 percent decline over the past 24 hours.

The cryptocurrency reached an intraday low of US$1,486.10 and a high of US$1,608.86. Coinglass data shows liquidations totalling US$348.04 million in 24 hours.

Altcoin price update

  • Solana (SOL) is currently valued at US$105.93, down 1.9 percent over the past 24 hours. SOL experienced a low of US$101.06 and a high of US$110.64 on Monday.
  • XRP is trading at US$1.90, reflecting a 4.9 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$1.76 and a high of US$1.97.
  • Sui (SUI) is priced at US$2.01, showing an increaseof 3 percent over the past 24 hours. It achieved a daily low of US$1.83 and a high of US$2.04.
  • Cardano (ADA) is trading at US$0.5771, reflecting a 2.1 percent decrease over the past 24 hours. Its lowest price on Monday was US$0.5374, with a high of US$0.5926.

Crypto news to know

Strategy to log US$5.9 billion unrealized loss

Michael Saylor’s Strategy (NASDAQ:MSTR) said it will register an eye-watering US$5.9 billion unrealized loss in Q1 after adopting fair-value accounting for its Bitcoin reserves — a policy shift that reflects BTC’s steep pullback this year.

The loss comes after a fresh buying spree in early 2025, which left the firm with roughly US$1 billion in paper losses on recent acquisitions alone. The company will also log a US$13 billion boost to retained earnings due to the new accounting standards, highlighting the volatile nature of being Wall Street’s leading BTC proxy.

Strategy shares tumbled as much as 14 percent on Monday, raising new questions about whether Saylor’s “buy-and-hold forever” ethos can withstand institutional scrutiny in a more volatile macro climate.

Mantra launches US$108 million ecosystem fund for RWA and DeFi projects

Mantra, a layer-1 blockchain built for tokenized real-world assets (RWAs), has launched the Mantra Ecosystem Fund (MEF), a US$108,888,888 ecosystem fund to accelerate the growth and adoption of projects and startups on its network.

According to a press release, MEF will find potential investments through Mantra’s large network of partners, which includes incubators, accelerators and investment firms like Laser Digital, Shorooq and others.

Mantra CEO John Patrick Mullin told Cointelegraph that the fund will operate an “open-arms policy, welcoming projects at any developmental stage globally with a particular focus on RWA’s and DeFi.”

Pakistan enlists Changpeng Zhao as crypto advisor

Pakistan’s Crypto Council (PCC), a newly formed regulatory body overseeing the country’s adoption of blockchain technology and digital assets, has appointed former Binance CEO Changpeng Zhao (CZ) to act as a strategic advisor on matters such as regulation, infrastructure and adoption.

‘Pakistan is opening its doors to the future of finance,’ said PCC CEO Bilal Bin Saqib.

‘And who better to guide us on this journey than CZ — a pioneer who built the world’s largest crypto exchange and changed the way billions think about financial freedom.’

Last month, Saqib told Bloomberg that Pakistan intends to pursue international investment in the crypto sector. The country aims to capitalize on its young, tech-savvy population and its potential as a growing, cost-effective market.

CZ was also tapped to advise the Kyrgyz Republic on blockchain and crypto-related regulation on April 3.

Hong Kong okays staking for licensed crypto exchanges

Hong Kong’s Securities and Futures Commission has unveiled formal guidelines allowing licensed exchanges and funds to offer staking services, provided strict custodial and disclosure requirements are met.

Staking, crucial for securing proof-of-stake networks and generating passive returns, had previously been a regulatory gray area in the city. Under the new rules, exchanges must retain direct control of client assets, explicitly barring third-party delegation, and provide full transparency on risks, fees and lockup periods.

The move reflects Hong Kong’s ambitions to rival other financial hubs and attract global digital asset firms amid the regulatory vacuum in jurisdictions like the US, where staking remains under scrutiny.

South Korea’s US$890 billion pension fund to adopt blockchain

South Korea’s National Pension Service (NPS), one of the world’s largest public pension funds, is moving to incorporate blockchain technology into its operational infrastructure, according to a recent Seoul Economic Daily report.

With over US$800 billion in assets under management, the NPS aims to use blockchain to improve tracking of transactions, client withdrawals and investment flows, especially for foreign clients.

Though the fund is not directly investing in crypto, it has taken equity positions in firms like Coinbase and Strategy, signaling long-term confidence in the industry’s underlying technology.

The NPS initiative aligns with the nation’s growing retail enthusiasm for crypto. South Korea now boasts more than 16 million crypto investors, a surge that has accelerated since US President Donald Trump’s electoral win, with market participants anticipating a more favorable global crypto environment.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

China’s innovation in artificial intelligence is ‘accelerating,’ Michael Kratsios, the director of the White House Office of Science and Technology, told Fox News Digital – but he maintained that the United States remains the world’s dominant power in AI and the Trump administration’s ‘promote and protect’ strategy will solidify that standing. 

Kratsios, who served as chief technology officer during the first Trump administration, sat for an exclusive interview with Fox News Digital on Monday.

‘The White House in the first Trump administration redefined national tech policy to focus on American leadership in emerging technologies, and those were technologies like artificial intelligence, quantum computing and 5G, [which] were big back then,’ Kratsios said. ‘The president, at that time, signed the executive order prioritizing U.S. leadership in AI, back in 2019 when people weren’t even talking about it.’

‘He recognized that it was critical for the U.S. to lead in AI,’ Kratsios said. ‘We got the ball rolling on what the U.S. national strategy is and how we would win.’ 

During his first administration, Trump signed the first-ever executive order on AI in 2019. He also took executive action in 2020 to establish the first-ever guidance for federal agency adoption of AI to deliver services to the American people and ‘foster public trust’ in the technology. 

But Kratsios said that when former President Joe Biden took office, the attitude of his administration toward AI shifted to ‘one of fear and one of over-regulation.’ 

‘There was a fixation on what I would call harms, so, spending time and energy thinking about all the things that could go wrong with this technology, versus having a balanced approach, where you try to minimize things that could go poorly, and more importantly, look at ways this technology can transform America for the better,’ Kratsios explained, noting that Biden officials were ‘harms focused,’ which he said was ‘manifested in a lot of the policies that they did, in the way that they were very reticent to applying some of this technology to a lot of the issues that government faced, like how you make agencies more efficient.’ 

Kratsios reflected on Trump’s AI message during the campaign, saying he ‘made it very clear that we as a country need to win and be dominant in artificial intelligence.’ 

‘And he acted very decisively,’ Kratsios said, pointing to Trump’s move on his third day in office to direct him and other officials to develop an AI action plan. 

‘It was a way to review everything that had been done under the Biden administration and turn the page with an agenda that’s focused on sustaining and ensuring continued U.S. leadership in this particular technology, and that’s what we’ve been working on,’ Kratsios said. 

Kratsios explained that the U.S. is ‘the leader’ in AI, specifically when it comes to the ‘three layers of technology,’ which he said are chips or high-end semiconductors, the model itself and the application layer. 

‘If you look at all three of those layers, the U.S. is the leader,’ Kratsios said. ‘We have the best chips. We have the best models. And we have the best applications to date.’ 

But he warned that the Trump administration is ‘seeing the velocity of innovation’ from China.

‘We’re seeing the speed at which the PRC is catching up with us is actually accelerating,’ he explained. 

Kratsios referenced DeepSeek, which was released by a Chinese firm earlier in 2025 and develops large language models.

‘I think what DeepSeek revealed is that the Chinese continue to make progress and are trying really hard to catch up with us on those three layers,’ Kratsios said. 

But the key to maintaining U.S. dominance in the space is the Trump administration’s ‘promote and protect’ strategy, Kratsios explained. 

Kratsios said the Trump administration will ‘promote’ by continuing to accelerate the development of technology and encouraging more Americans, American companies and countries around the world to use that technology. 

‘And then on the protect side, what is it that the U.S. has which could be useful to the PRC to accelerate their efforts in AI? We protect that technology from access by the Chinese,’ Kratsios said, pointing to high-end semiconductors and chips that the Chinese ‘shouldn’t have access to, because that would make it easier for them to accelerate their efforts.’ 

‘How do we speed up innovation here at home and slow down our adversaries?’ Kratsios said. 

The answer, Kratsios said, is AI research and development that continues to drive innovation. He also said the Trump administration needs to continue to remove regulations and barriers to AI innovation, and also prepare and train Americans in the workforce to ‘better leverage this technology.’ 

Kratsios said another step is ensuring that foreign allies partner with the U.S. to ‘make sure that they are also keeping the PRC at bay and that they continue to use the American AI stack.’ 

‘So, if you’re any country in the world that wants to use AI, you’d want to use an American stack,’ he explained. ‘So we should make it as easy as possible in order for us to export our technology to like-minded partners.’ 

As for China, Kratsios said the PRC ‘is probably one of the most sophisticated surveillance states in the world, and that is underpinned by their own artificial intelligence technology.’ 

‘I think the goal of the United States should be to continue to be the dominant power in AI. And there are certain inputs to the development of AI which we can control, and which we would not want the PRC to have access to,’ he said. ‘And the most important pieces are sort of these very high-end chips that they can use to train models, and also certain equipment that would allow them to build their own very high-end chips.’ 

He added: ‘And if we can kind of continue to make it challenging for them to do that. I think it’ll be the benefit of the U.S.’ 

Looking ahead, Kratsios echoed the president, saying the U.S. is in the ‘golden age’ and that this special moment in time is ‘underpinned by unbelievable science and technology.’ 

‘We want to put an American flag on Mars,’ Kratsios said. ‘We want to fly supersonic again. We want drones to be delivering packages around the world. We want AI to be used by American workers to allow them to do their jobs better, safer and faster.’ 

He added: ‘We have an opportunity to all these things, like so much more, in these four years. And this office is going to be the home for driving that innovation across so many technological domains.’ 

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Business tycoon Elon Musk floated the idea that Senate Minority Leader Chuck Schumer, D-N.Y., is somehow profiting off of government fraud, though the lawmaker has pushed back.

‘Chuck, I’m starting to think you’re getting a piece of the action with the government fraud. But no, that couldn’t possibly be the reason, could it?’ Musk posted early Tuesday morning.

Musk, who has been spearheading the Department of Government Efficiency (DOGE) effort to expose waste, fraud and abuse in the federal government, made the comment in response to a Monday post in which Schumer accused DOGE of ‘sabotaging’ Social Security, Medicare and Medicaid — the post reflected sentiments Schumer had conveyed during a Senate speech.

Schumer fired back in response to Musk’s suggestion he could be benefiting from government fraud.

‘Another Elon lie. He wants you to think anyone who dares to stand up to him is committing fraud, meanwhile he’s taking tens of billions from the government,’ Schumer declared in a post on Tuesday.

Elon Musk says he hopes for tariff-free future for US, Europe

Early Tuesday morning, Musk fired off a response to a post in which Schumer suggested that Musk is slashing Social Security benefits.

‘Make no mistake: What Elon Musk is doing at Social Security is cutting benefits,’ Schumer said in a post on Monday, which echoed his speech. 

‘The intern running Schumer’s social media account is lying,’ Musk shot back Tuesday on X.

Trump answers question about how long Elon Musk will remain at DOGE

During the speech, Schumer claimed that ‘Elon Musk is cutting Social Security benefits.’

‘When offices close down, when websites crash, when phone lines shut off, that’s no different than cutting benefits,’ Schumer said.

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