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Bloomberg
a minute ago
- Bloomberg
Signs of Heat Emerge in a Crypto Market Anchored Around One Bet
A reminder for those living under a rock: the market for crypto IPOs has heated up, says Emily Mason. Circle's stock has jumped 397% since its debut, and names like Figure, Bullish, Gemini, and BitGo are waiting in the wings. They're different businesses, but they're all tethered to the same force: crypto sentiment. That wasn't supposed to happen this fast. Back in April, President Donald Trump's tariffs put the broader IPO market on ice. Klarna paused. Stubhub stepped back. Crypto names didn't. They pressed ahead, powered by record Bitcoin prices, a crypto-friendly White House, and investors eager to buy growth again.
Fox News
2 minutes ago
- Fox News
Trump warns he will take 'federal control' of Washington, DC as youth violence continues
President Donald Trump on Monday threatened to federalize Washington, D.C., in response to youth violence that is "totally out of control," calling for local minors and gang members over the age of 14 to be prosecuted as adults. In a post on Truth Social, Trump said local youth and gang members are "randomly attacking, mugging, maiming, and shooting innocent citizens, at the same time knowing that they will be almost immediately released." The president said it appears the suspects are "not afraid" of the police, "because they know nothing ever happens to them." Trump said D.C. laws must be changed to allow minors to be prosecuted as adults. "Washington, D.C., must be safe, clean, and beautiful for all Americans and, importantly, for the World to see," he wrote in the post. "If D.C. doesn't get its act together, and quickly, we will have no choice but to take Federal control of the City, and run this City how it should be run, and put criminals on notice that they're not going to get away with it anymore." Along with the post, Trump shared a photo of what appears to be a man bloodied on the street following an attack. "The most recent victim was beaten mercilessly by local thugs," Trump wrote. "… Perhaps it should have been done a long time ago, then this incredible young man, and so many others, would not have had to go through the horrors of Violent Crime. If this continues, I am going to exert my powers, and FEDERALIZE this City. MAKE AMERICA GREAT AGAIN!" In May, affiliate FOX 5 D.C. reported that a large group of teens took over a Navy Yard park, leading to several arrests and one hospitalization. In July, congressional intern Eric Tarpinian-Jachym, 21, a 16-year-old boy and a woman were shot in what appeared to be a drive-by shooting. Tarpinian-Jachym later died. In April, U.S. Transportation Secretary Sean Duffy was walking to the Navy Yard Metro Station when his staff member told him a Washington Metropolitan Area Transit Authority police officer had been stabbed in the face.
Newsweek
2 minutes ago
- Newsweek
Flashing Warning Sign for Democrats in Pennsylvania Voter Registration Rolls
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Once a Democratic stronghold, Pennsylvania is now nearly split down the middle. As of July 2025, Democrats outnumber Republicans by just 59,000 voters — a steep drop from the nearly one-million-voter advantage the party held as recently as a decade ago — according to newly released Pennsylvania voter data. Much of that ground has been lost in places where Democrats once dominated. In counties like Westmoreland, Washington, and Fayette — long defined by labor unions and working-class blue voters — Republicans now lead by tens of thousands of registered voters. Luzerne County, once a reliable swing bellwether, has flipped. In parts of northeastern and central Pennsylvania, Republicans outnumber Democrats two-to-one. Even Bucks County, one of Philadelphia's most populous suburbs, now has more Republicans than Democrats on the rolls. Across wide swaths of the swing state that routinely serves as the tipping point in an era of razor-thin presidential election margins, Republicans are now threatening to eclipse Democrats in raw numbers. Year-Round Battleground Pennsylvania hasn't just become more competitive — it has become a year-round game of political inches where neither party holds a clear edge, and both must build support from the ground up. Supporters of president Donald Trump stage a protest in front of the York Expo Center in York, PA, as supporters of Vice President Kamala Harris enter a rally featuring Democratic Vice Presidential nominee Tim Walz... Supporters of president Donald Trump stage a protest in front of the York Expo Center in York, PA, as supporters of Vice President Kamala Harris enter a rally featuring Democratic Vice Presidential nominee Tim Walz during the 2024 US presidential campaign, Wednesday, Oct. 2, 2024. More Photo by Dominic Gwinn / Middle East Images / Middle East Images via AFP The numbers tell the story. In December 2016, Democrats led Republicans in statewide voter registration by more than 916,000. That advantage fell to 685,818 by the end of 2020, when Joe Biden carried Pennsylvania, then to 549,568 in 2022. Following the 2024 presidential election — in which Donald Trump flipped the Keystone State back to red — the gap shrank to 286,283. By last month, Democrats' lead down to 59,135. "This should be alarming for Democrats," said Berwood Yost, director of the Franklin & Marshall College Poll, in an interview with the Pennsylvania Capital-Star. Only 22 percent of registered Democrats participated in the state's 2025 municipal primary, compared to 18 percent of Republicans. "We're seeing a pattern where, even in traditionally strong areas, Democratic engagement isn't matching expectations," he added. But the registration data reflects more than an enthusiasm gap. Pennsylvania Democrats have a math problem. State data shows that over the past five years, Democratic registration has dropped by more than 300,000 voters, while Republicans have steadily gained ground, particularly in swing and rural counties. According to Spotlight PA, Democrats' share of the electorate fell from 51.2 percent in 2009 to 44 percent in 2024. Republican registration has climbed to just over 40 percent, while voters with no party affiliation now make up more than 15 percent of the electorate. "We tend to vote for change, and if everything is great, [some say] I'm not going to the polls," said Republican strategist Sam Chen, pointing to low Democratic turnout as a sign of complacency amid the second Trump term. Chen told the Capital-Star he believes Trump's 2024 win boosted Republican energy and shifted the state's political focus. Building a Permanent Machine One of the most vocal figures in the GOP's ground game is conservative activist Scott Presler. His PAC, Early Vote Action, targets nontraditional Republicans — including Amish communities, hunters, truckers and college students — with funding that included a $1 million donation from Elon Musk. SpaceX and Tesla founder Elon Musk awards Judey Kamora with $1,000,000 during an America PAC town hall on October 26, 2024 in Lancaster, Pennsylvania. SpaceX and Tesla founder Elon Musk awards Judey Kamora with $1,000,000 during an America PAC town hall on October 26, 2024 in Lancaster, Pennsylvania. Getty Images "This is not just about showing up in November," Presler said in a high-profile CNN interview. "It's about building something permanent." Presler's data-driven operation helped flip voter registration margins in key counties like Bucks and Luzerne. His volunteers used apps, postcards, phone banks and local events to connect with voters one by one. "We're registering Republicans at gun shows, at archery events — wherever they are," he said on Megyn Kelly's podcast in 2024. While Trump's victory in Pennsylvania was fueled by no single factor, Presler and his team took credit for narrowing the registration gap. "We won, and we did it fair and square," he said at a Bucks County commissioners' meeting in November 2024. The data backs him up: in Bucks County, Republicans now outnumber Democrats by nearly 10,000. Blue Stronghold... For Now Philadelphia remains a Democratic bastion, with nearly three-quarters of a million registered Democrats. But even there, turnout is slipping. "Low turnout like this is a warning sign," said Lauren Cristella, president of the Philly-based nonprofit Committee of Seventy. "It means too many of our neighbors feel disengaged, disillusioned, or disconnected from the process." In the suburbs, Democrats still hold their ground in places like Montgomery and Chester counties. But beyond those pockets, the Republican map has expanded. In District 9, which includes counties like Northumberland and Schuylkill, Republicans outnumber Democrats by more than 150,000. In District 13 — spanning rural central counties — the GOP lead exceeds 190,000. Some within the Democratic Party are sounding the alarm. "My party has to find a way to reverse the GOP voter-reg surge. It continues abreast in 2025," Democratic strategist Dan Turrentine posted on X. Responding to a user who blamed unclear messaging, Turrentine added: "Lack of policy, lack of clarity, lack of leadership, lack of strategy. Other than that..." The story isn't just about Republican gains — it's about a Democratic infrastructure that has failed to replace aging voters, mobilize new ones, or match the GOP's ground game. Historian Lara Putnam has described the collapse as a generational "hangover," a correction after decades of inflated rolls driven by union ties and the Obama-era surge.
