Traders boost bets on Fed rate cuts
Trump has railed against Powell for not cutting rates. A recent Supreme Court ruling suggests no change to the long-held understanding that the law prohibits a president from firing a Fed chair over a policy difference.
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Coin Geek
17 minutes ago
- Coin Geek
Political activist Steven Nekhaila on Bitcoin, liberty
Getting your Trinity Audio player ready... On this week's episode of the CoinGeek Weekly Livestream, Libertarian Party Chair Steven Nekhaila joined Kurt Wuckert Jr. to talk about his journey into libertarianism, what the ideology is all about, and how Bitcoin can change the world and help preserve liberty. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen=""> How Nekhaila became a libertarian Nekhaila says his journey into libertarianism started early when he read the Creature of Jekyll Island . He had always been curious about central banking, but through reading extensively, he learned how the Federal Reserve funds the entire government, including the war machine and welfare state. Eventually, he joined the Libertarian Party and has been on the Libertarian National Committee since 2015. He has also been interested in digital currencies since 2014 and was involved in Ultimate Coin and mining in the early days. Back then, everything was different—the industry was still firmly in its Wild West era. Even back then, Nekhaila was interested in the ideology of Bitcoin in addition to the utility. Most are focused on speculation, but that's secondary to him. What is libertarianism? Wuckert opens this section with a caricature of what those who hold mainstream political views think: aren't libertarians just Republicans who are gay and/or like to smoke weed? He asks what the purpose of the party is. The Libertarian Party has existed since 1972, Nekhaila says. It started as a way to push the ideology, which can be summarized as 'don't hit people and don't take their stuff.' Libertarians believe the government should exist to defend life, right, and property and that it should leave people alone. In no way, shape, or form should it promote any given ideology, and it shouldn't tax one individual to fund another. The ideology is growing, and the Party has won some power at the local level already. Did the Libertarian Party back Donald Trump for President? Not officially, Nekhaila says. However, for all his faults, Trump did promise to free Ross Ulbricht, and he came through. He has also given a lot of liberty to the digital currency industry. Bitcoin and ideology As BTC just hit a new all-time high and global uncertainty rises, Nekhaila states his position on its future: it will continue to rise, and people will become more interested in what it is and its ultimate utility. Wuckert explains his own Bitcoin journey; he first got involved in 2012 and has seen BTC evolve from a free market currency into a traditional finance (TradFi) asset. What was once a rebel currency designed to back frictionless commerce is now a Wall Street plaything backed by the likes of Larry Fink. He wants to know Nekhaila's take on this. The Libertarian Party Chair says he isn't sure there's a legit use-case for digital currencies long-term, but he hopes there is. In addition to Bitcoin, he has always been supportive of altcoins, and he hopes at least some of them continue to exist. He agrees the ideology around Bitcoin has changed a lot in the last 10 years, but he believes all of this is still in its adolescence. It has been and will continue to be disruptive. Roger Ver and political dissidents Roger Ver was an early Bitcoiner and venture capitalist who gave a lot back. He resisted the takeover of Bitcoin during the block size wars, and he believes Bitcoin must do something other than exist. Ver wrote Hijacking Bitcoin to explain how Bitcoin was subverted. The book blew up, and shortly thereafter, Ver was arrested. Wuckert wants to know what stance the Libertarian Party takes on Ver. Nekhaila states it clearly: the Party wants to see political dissidents like Ver go free. He believes Ver flew too close to the sun and promoted ideas that are a threat to U.S. Dollar hegemony. A free market currency is a threat, and anyone who gets in the way of USD global dominance tends to meet a sorry end. To learn more about how Libertarianism is growing, the rise of orthodoxy in society, and why liberty matters, check out the livestream episode here. Watch: History of Bitcoin with Kurt Wuckert Jr. title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Finextra
17 minutes ago
- Finextra
Paddle raises $25m from CIBC Innovation Banking
Paddle raises $25m, expands executive team, and opens Austin office to accelerate global growth. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Paddle, the leading Merchant of Record for digital product companies globally, today announced it has raised $25M from CIBC Innovation Banking and noted a series of other strategic updates including key executive hires and the opening of a new Austin office. The funding will be used to support Paddle's continued global expansion, accelerate growth, and drive rapid product development to further support its enterprise customers. This follows $293M in previous equity investment from leading firms including FTV Capital, KKR, 83North, and Notion Capital. As a Merchant of Record (MoR), Paddle handles payments, sales tax, refunds, fraud, and compliance for more than 6,000 SaaS, AI and App companies - replacing the need for a complex and fragmented payment technology stack. Paddle helps these businesses scale faster by removing operational roadblocks and accelerating their entry into new markets. The funding comes at a pivotal moment for the company, with Paddle experiencing rapid growth in 2025 thanks to both the growth in new AI products, and the opening up of Apple's app ecosystem to web payments. This builds on the company's 40% year-over-year growth and reflects its accelerating momentum across the digital product space. Led by CEO Jimmy Fitzgerald, formerly on the leadership team at ServiceNow for almost a decade, Paddle also today announced the hiring of a string of experienced leaders to the company, including Rich Mason as CRO International, formerly Head of Enterprise, EMEA at Shopify; Stephen Wilcock as CTO, a multi-time CTO at scaling tech companies in Europe; and Ben Aronsten as CMO, who previously led global marketing at Intercom and served as Director of Marketing, EMEA at Shopify. These senior hires bring extensive expertise to Paddle's 300+ strong team across offices in London, Lisbon, Toronto, New York City, and now Austin, following the opening of the new office. 2025 has also seen Paddle further develop its product offering, including powerful new capabilities through a partnership with Vercel and integration with RevenueCat. These updates make it easier for app developers to monetize on the web and manage subscriptions across platforms. Recent policy changes from Apple in the U.S. and EU have accelerated the shift toward web monetization, drawing greater attention to Paddle's ability to support digital product companies as they explore new revenue opportunities.
NBC News
18 minutes ago
- NBC News
Live updates: Trump orders DOJ to release Epstein grand jury testimony; PBS, NPR, foreign aid cuts clear Congress
What to know today PBS, NPR, FOREIGN AID CUTS: The House passed a bill late last night that would cut $9 billion in already-approved funds for public broadcasting and foreign aid, sending the measure to President Donald Trump for his signature. EPSTEIN CASE: Trump directed Attorney General Pam Bondi last night to release "pertinent" grand jury testimony in the criminal case of the late financier and convicted sex offender Jeffrey Epstein. Bondi responded by saying the Justice Department today would seek to unseal the transcripts. CRYPTOCURRENCY REGULATIONS: Trump is expected to sign legislation today to establish a framework for cryptocurrency regulation. The House passed the landmark bill, dubbed the GENIUS Act, yesterday.
