Bitcoin tops $US120,000 for the first time
Bitcoin scaled a record high of $US121,207.55 ($A184,489.93) in the Asian session on Monday, before pulling back slightly to last trade 1.6 per cent higher at $US121,015.42 ($A184,197.49).
Starting on Monday, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation's regulatory framework it has long demanded.
Those demands have resonated with US President Donald Trump, who has called himself the 'crypto president' and urged policymakers to revamp rules in favour of the industry.
'It's riding a number of tailwinds at the moment,' IG market analyst Tony Sycamore , citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness.
'It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now; it looks like it can easily have a look at the $US125,000 ($A190,262) level,' he said.
The surge in bitcoin, which is up 29 per cent for the year so far, has sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump's chaotic tariffs.
Ether, the second-largest token, scaled a more than five-month top of $US3,050.90 ($A4,643.77), while XRP and Solana gained about three per cent each.
The sector's total market value has swelled to about $US3.78 trillion ($A5.75) trillion, according to data from CoinMarketCap.
Earlier this month, Washington declared the week of July 14 as 'crypto week', where members of Congress are set to vote on the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act.
The most significant bill is the Genius Act, which would create federal rules for stablecoins.
Elsewhere, prices of crypto-listed exchange-traded funds (ETFs) in Hong Kong similarly surged.
Spot bitcoin ETFs launched by China AMC, Harvest and Bosera all scaled record highs, while the three ether ETFs managed by the asset managers were up roughly two per cent each.
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The Advertiser
41 minutes ago
- The Advertiser
Trump arrives in Scotland for golf and diplomacy
US President Donald Trump has arrived in Scotland as his family's business prepares for the upcoming opening of a new golf course in Aberdeenshire billed as "the greatest 36 holes in golf". Air Force One - the presidential plane - touched down at Prestwick Airport in Ayrshire on Friday just before 8.30pm. The president was met by Scottish Secretary Ian Murray as he disembarked, before heading to the waiting presidential helicopter Marine One, bound for his nearby Turnberry golf course. His presence is expected to spark protests across the country, with Scottish Police being forced to request aid from other forces to help increase manpower for the trip. Trump is set to spend time at his golf resort in Turnberry on Scotland's west coast, before heading to his sprawling golf property 320 kilometres away near Aberdeen in the east. But it won't be all play and no work. He will meet British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen who both want to talk about trade. Trump said Washington was also working hard on a possible trade deal with the EU, which he said was very keen to make a deal. EU diplomats say a deal could result in a broad 15 per cent tariff on EU goods, mirroring a framework agreement with Japan and half of the 30 per cent tariff Trump is threatening to impose by August 1 As part of the visit, he will open a second 18-hole course on the Aberdeen property named in honour of his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to America. The White House has described the trip as "private". The trip shows how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests. Trump has described Scotland as a "very special place" and made a similar trip there in 2016 during his first run for the presidency, but he will not necessarily get a warm welcome. About 70 per cent of Scots have an unfavourable opinion of Trump, while 18 per cent have a favourable opinion, an Ipsos poll in March found. His visit requires a major police operation that will cost Scottish taxpayers millions of pounds as protests are planned over the weekend. The union representing officers is concerned that they are already overworked and will be diverted from their normal duties. The overseas travel comes as Trump faces the biggest domestic political crisis of his second term in office. Allies and opponents alike have criticised his administration's handling of investigative files related to disgraced financier and sex offender Jeffrey Epstein's criminal charges and the circumstances of his 2019 death in prison. The issue has caused a rare breach with some of Trump's most loyal Make America Great Again supporters, and majorities of Americans and Trump's Republicans say they believe the government is hiding details on the case, according to Reuters/Ipsos polling. White House officials, frustrated by the ongoing focus on the Epstein saga, are hoping the controversy dies down while Trump is abroad, one person familiar with the matter said. with PA and Reuters US President Donald Trump has arrived in Scotland as his family's business prepares for the upcoming opening of a new golf course in Aberdeenshire billed as "the greatest 36 holes in golf". Air Force One - the presidential plane - touched down at Prestwick Airport in Ayrshire on Friday just before 8.30pm. The president was met by Scottish Secretary Ian Murray as he disembarked, before heading to the waiting presidential helicopter Marine One, bound for his nearby Turnberry golf course. His presence is expected to spark protests across the country, with Scottish Police being forced to request aid from other forces to help increase manpower for the trip. Trump is set to spend time at his golf resort in Turnberry on Scotland's west coast, before heading to his sprawling golf property 320 kilometres away near Aberdeen in the east. But it won't be all play and no work. He will meet British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen who both want to talk about trade. Trump said Washington was also working hard on a possible trade deal with the EU, which he said was very keen to make a deal. EU diplomats say a deal could result in a broad 15 per cent tariff on EU goods, mirroring a framework agreement with Japan and half of the 30 per cent tariff Trump is threatening to impose by August 1 As part of the visit, he will open a second 18-hole course on the Aberdeen property named in honour of his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to America. The White House has described the trip as "private". The trip shows how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests. Trump has described Scotland as a "very special place" and made a similar trip there in 2016 during his first run for the presidency, but he will not necessarily get a warm welcome. About 70 per cent of Scots have an unfavourable opinion of Trump, while 18 per cent have a favourable opinion, an Ipsos poll in March found. His visit requires a major police operation that will cost Scottish taxpayers millions of pounds as protests are planned over the weekend. The union representing officers is concerned that they are already overworked and will be diverted from their normal duties. The overseas travel comes as Trump faces the biggest domestic political crisis of his second term in office. Allies and opponents alike have criticised his administration's handling of investigative files related to disgraced financier and sex offender Jeffrey Epstein's criminal charges and the circumstances of his 2019 death in prison. The issue has caused a rare breach with some of Trump's most loyal Make America Great Again supporters, and majorities of Americans and Trump's Republicans say they believe the government is hiding details on the case, according to Reuters/Ipsos polling. White House officials, frustrated by the ongoing focus on the Epstein saga, are hoping the controversy dies down while Trump is abroad, one person familiar with the matter said. with PA and Reuters US President Donald Trump has arrived in Scotland as his family's business prepares for the upcoming opening of a new golf course in Aberdeenshire billed as "the greatest 36 holes in golf". Air Force One - the presidential plane - touched down at Prestwick Airport in Ayrshire on Friday just before 8.30pm. The president was met by Scottish Secretary Ian Murray as he disembarked, before heading to the waiting presidential helicopter Marine One, bound for his nearby Turnberry golf course. His presence is expected to spark protests across the country, with Scottish Police being forced to request aid from other forces to help increase manpower for the trip. Trump is set to spend time at his golf resort in Turnberry on Scotland's west coast, before heading to his sprawling golf property 320 kilometres away near Aberdeen in the east. But it won't be all play and no work. He will meet British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen who both want to talk about trade. Trump said Washington was also working hard on a possible trade deal with the EU, which he said was very keen to make a deal. EU diplomats say a deal could result in a broad 15 per cent tariff on EU goods, mirroring a framework agreement with Japan and half of the 30 per cent tariff Trump is threatening to impose by August 1 As part of the visit, he will open a second 18-hole course on the Aberdeen property named in honour of his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to America. The White House has described the trip as "private". The trip shows how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests. Trump has described Scotland as a "very special place" and made a similar trip there in 2016 during his first run for the presidency, but he will not necessarily get a warm welcome. About 70 per cent of Scots have an unfavourable opinion of Trump, while 18 per cent have a favourable opinion, an Ipsos poll in March found. His visit requires a major police operation that will cost Scottish taxpayers millions of pounds as protests are planned over the weekend. The union representing officers is concerned that they are already overworked and will be diverted from their normal duties. The overseas travel comes as Trump faces the biggest domestic political crisis of his second term in office. Allies and opponents alike have criticised his administration's handling of investigative files related to disgraced financier and sex offender Jeffrey Epstein's criminal charges and the circumstances of his 2019 death in prison. The issue has caused a rare breach with some of Trump's most loyal Make America Great Again supporters, and majorities of Americans and Trump's Republicans say they believe the government is hiding details on the case, according to Reuters/Ipsos polling. White House officials, frustrated by the ongoing focus on the Epstein saga, are hoping the controversy dies down while Trump is abroad, one person familiar with the matter said. with PA and Reuters US President Donald Trump has arrived in Scotland as his family's business prepares for the upcoming opening of a new golf course in Aberdeenshire billed as "the greatest 36 holes in golf". Air Force One - the presidential plane - touched down at Prestwick Airport in Ayrshire on Friday just before 8.30pm. The president was met by Scottish Secretary Ian Murray as he disembarked, before heading to the waiting presidential helicopter Marine One, bound for his nearby Turnberry golf course. His presence is expected to spark protests across the country, with Scottish Police being forced to request aid from other forces to help increase manpower for the trip. Trump is set to spend time at his golf resort in Turnberry on Scotland's west coast, before heading to his sprawling golf property 320 kilometres away near Aberdeen in the east. But it won't be all play and no work. He will meet British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen who both want to talk about trade. Trump said Washington was also working hard on a possible trade deal with the EU, which he said was very keen to make a deal. EU diplomats say a deal could result in a broad 15 per cent tariff on EU goods, mirroring a framework agreement with Japan and half of the 30 per cent tariff Trump is threatening to impose by August 1 As part of the visit, he will open a second 18-hole course on the Aberdeen property named in honour of his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to America. The White House has described the trip as "private". The trip shows how the president has become increasingly comfortable intermingling his governing pursuits with promoting his family's business interests. Trump has described Scotland as a "very special place" and made a similar trip there in 2016 during his first run for the presidency, but he will not necessarily get a warm welcome. About 70 per cent of Scots have an unfavourable opinion of Trump, while 18 per cent have a favourable opinion, an Ipsos poll in March found. His visit requires a major police operation that will cost Scottish taxpayers millions of pounds as protests are planned over the weekend. The union representing officers is concerned that they are already overworked and will be diverted from their normal duties. The overseas travel comes as Trump faces the biggest domestic political crisis of his second term in office. Allies and opponents alike have criticised his administration's handling of investigative files related to disgraced financier and sex offender Jeffrey Epstein's criminal charges and the circumstances of his 2019 death in prison. The issue has caused a rare breach with some of Trump's most loyal Make America Great Again supporters, and majorities of Americans and Trump's Republicans say they believe the government is hiding details on the case, according to Reuters/Ipsos polling. White House officials, frustrated by the ongoing focus on the Epstein saga, are hoping the controversy dies down while Trump is abroad, one person familiar with the matter said. with PA and Reuters
The Advertiser
41 minutes ago
- The Advertiser
Trump golfs in Scotland as Epstein questions persist
US President Donald Trump kept a low profile on his Scottish golf course, ahead of meetings with top British and European leaders, as questions swirled at home about his ties to disgraced financier and sex offender Jeffrey Epstein. Trump arrived in Scotland on Friday night, with hundreds of people on hand to watch the arrival in Glasgow of Air Force One, the presidential aircraft. He told reporters that he will visit his two golf properties in Scotland - one in Turnberry on the west coast, where he is playing on Saturday and the other near Aberdeen. He is also due to meet British Prime Minister Keir Starmer, Scottish leader John Swinney and European Commission President Ursula von der Leyen, whom he called a "highly respected woman". Frustrated by continued questions about his administration's handling of investigative files related to Epstein's criminal charges and his 2019 death in prison, Trump told reporters to focus on bigger issues and other people. "You make it a very big thing over something that's not a big thing," Trump said. "Don't talk about Trump. What you should be talking about is the fact that we have the greatest six months in the history of a presidency." Trump was spotted on the golf course on Saturday morning, but he had no public events scheduled. Dressed in black, with a white cap that said USA on it, Mr Trump could be seen driving a golf buggy, flanked by a fleet of security personnel. Reporters and supporters were kept away. Protests took place in Aberdeen and Edinburgh, hundreds of kilometres away. The White House said Trump was golfing on Saturday with his son, Eric, and the US ambassador to Britain, Warren Stephens, and his son. White House press secretary Karoline Leavitt was also on the course. Hundreds gathered in both Edinburgh and Aberdeen - near the site of Mr Trump's other Scottish golf resort - to make their opposition to the president known. In Aberdeen, Scottish MP Maggie Chapman told the crowd of hundreds: "We stand in solidarity not only against Trump but against everything he and his politics stand for". "He is not welcome in Scotland, he is certainly not welcome in Aberdeenshire," she said. Another protester, Anita Bhadani, hailed the "carnival of resistance" and said Trump's "huge promises" of creating thousands of jobs through development around his Scottish golf courses had not come to pass. Trump bought the Turnberry property, which includes a hotel and golf course, for $US60 million ($A90 million) in 2014, in the hope of returning the course to the rotation for the Open Championship, but said his visit was "not about that". Turnberry has been the site of the golf major four times, the most recent being in 2009. It has not hosted the event since then, amid concerns about the lack of accommodation and infrastructure for an event that draws hundreds of thousands. The Scottish government has flagged £180,000 ($A363,108) of public money to support a tournament at the Trump International golf links in Aberdeenshire, citing a tourism and economic boost. The 2025 Nexo Championship, previously known as the Scottish Championship, is set to take place there next month. But Scottish Green co-leader Patrick Harvie likened the awarding of public cash to the tournament to "handing some pocket money to the school bully". Trump will travel in the coming days to his property near Aberdeen, where he will open a second course named after his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to the United States. White House officials hope some time out of the limelight will allow the Epstein controversy to die down, two sources familiar with the matter told Reuters. with PA US President Donald Trump kept a low profile on his Scottish golf course, ahead of meetings with top British and European leaders, as questions swirled at home about his ties to disgraced financier and sex offender Jeffrey Epstein. Trump arrived in Scotland on Friday night, with hundreds of people on hand to watch the arrival in Glasgow of Air Force One, the presidential aircraft. He told reporters that he will visit his two golf properties in Scotland - one in Turnberry on the west coast, where he is playing on Saturday and the other near Aberdeen. He is also due to meet British Prime Minister Keir Starmer, Scottish leader John Swinney and European Commission President Ursula von der Leyen, whom he called a "highly respected woman". Frustrated by continued questions about his administration's handling of investigative files related to Epstein's criminal charges and his 2019 death in prison, Trump told reporters to focus on bigger issues and other people. "You make it a very big thing over something that's not a big thing," Trump said. "Don't talk about Trump. What you should be talking about is the fact that we have the greatest six months in the history of a presidency." Trump was spotted on the golf course on Saturday morning, but he had no public events scheduled. Dressed in black, with a white cap that said USA on it, Mr Trump could be seen driving a golf buggy, flanked by a fleet of security personnel. Reporters and supporters were kept away. Protests took place in Aberdeen and Edinburgh, hundreds of kilometres away. The White House said Trump was golfing on Saturday with his son, Eric, and the US ambassador to Britain, Warren Stephens, and his son. White House press secretary Karoline Leavitt was also on the course. Hundreds gathered in both Edinburgh and Aberdeen - near the site of Mr Trump's other Scottish golf resort - to make their opposition to the president known. In Aberdeen, Scottish MP Maggie Chapman told the crowd of hundreds: "We stand in solidarity not only against Trump but against everything he and his politics stand for". "He is not welcome in Scotland, he is certainly not welcome in Aberdeenshire," she said. Another protester, Anita Bhadani, hailed the "carnival of resistance" and said Trump's "huge promises" of creating thousands of jobs through development around his Scottish golf courses had not come to pass. Trump bought the Turnberry property, which includes a hotel and golf course, for $US60 million ($A90 million) in 2014, in the hope of returning the course to the rotation for the Open Championship, but said his visit was "not about that". Turnberry has been the site of the golf major four times, the most recent being in 2009. It has not hosted the event since then, amid concerns about the lack of accommodation and infrastructure for an event that draws hundreds of thousands. The Scottish government has flagged £180,000 ($A363,108) of public money to support a tournament at the Trump International golf links in Aberdeenshire, citing a tourism and economic boost. The 2025 Nexo Championship, previously known as the Scottish Championship, is set to take place there next month. But Scottish Green co-leader Patrick Harvie likened the awarding of public cash to the tournament to "handing some pocket money to the school bully". Trump will travel in the coming days to his property near Aberdeen, where he will open a second course named after his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to the United States. White House officials hope some time out of the limelight will allow the Epstein controversy to die down, two sources familiar with the matter told Reuters. with PA US President Donald Trump kept a low profile on his Scottish golf course, ahead of meetings with top British and European leaders, as questions swirled at home about his ties to disgraced financier and sex offender Jeffrey Epstein. Trump arrived in Scotland on Friday night, with hundreds of people on hand to watch the arrival in Glasgow of Air Force One, the presidential aircraft. He told reporters that he will visit his two golf properties in Scotland - one in Turnberry on the west coast, where he is playing on Saturday and the other near Aberdeen. He is also due to meet British Prime Minister Keir Starmer, Scottish leader John Swinney and European Commission President Ursula von der Leyen, whom he called a "highly respected woman". Frustrated by continued questions about his administration's handling of investigative files related to Epstein's criminal charges and his 2019 death in prison, Trump told reporters to focus on bigger issues and other people. "You make it a very big thing over something that's not a big thing," Trump said. "Don't talk about Trump. What you should be talking about is the fact that we have the greatest six months in the history of a presidency." Trump was spotted on the golf course on Saturday morning, but he had no public events scheduled. Dressed in black, with a white cap that said USA on it, Mr Trump could be seen driving a golf buggy, flanked by a fleet of security personnel. Reporters and supporters were kept away. Protests took place in Aberdeen and Edinburgh, hundreds of kilometres away. The White House said Trump was golfing on Saturday with his son, Eric, and the US ambassador to Britain, Warren Stephens, and his son. White House press secretary Karoline Leavitt was also on the course. Hundreds gathered in both Edinburgh and Aberdeen - near the site of Mr Trump's other Scottish golf resort - to make their opposition to the president known. In Aberdeen, Scottish MP Maggie Chapman told the crowd of hundreds: "We stand in solidarity not only against Trump but against everything he and his politics stand for". "He is not welcome in Scotland, he is certainly not welcome in Aberdeenshire," she said. Another protester, Anita Bhadani, hailed the "carnival of resistance" and said Trump's "huge promises" of creating thousands of jobs through development around his Scottish golf courses had not come to pass. Trump bought the Turnberry property, which includes a hotel and golf course, for $US60 million ($A90 million) in 2014, in the hope of returning the course to the rotation for the Open Championship, but said his visit was "not about that". Turnberry has been the site of the golf major four times, the most recent being in 2009. It has not hosted the event since then, amid concerns about the lack of accommodation and infrastructure for an event that draws hundreds of thousands. The Scottish government has flagged £180,000 ($A363,108) of public money to support a tournament at the Trump International golf links in Aberdeenshire, citing a tourism and economic boost. The 2025 Nexo Championship, previously known as the Scottish Championship, is set to take place there next month. But Scottish Green co-leader Patrick Harvie likened the awarding of public cash to the tournament to "handing some pocket money to the school bully". Trump will travel in the coming days to his property near Aberdeen, where he will open a second course named after his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to the United States. White House officials hope some time out of the limelight will allow the Epstein controversy to die down, two sources familiar with the matter told Reuters. with PA US President Donald Trump kept a low profile on his Scottish golf course, ahead of meetings with top British and European leaders, as questions swirled at home about his ties to disgraced financier and sex offender Jeffrey Epstein. Trump arrived in Scotland on Friday night, with hundreds of people on hand to watch the arrival in Glasgow of Air Force One, the presidential aircraft. He told reporters that he will visit his two golf properties in Scotland - one in Turnberry on the west coast, where he is playing on Saturday and the other near Aberdeen. He is also due to meet British Prime Minister Keir Starmer, Scottish leader John Swinney and European Commission President Ursula von der Leyen, whom he called a "highly respected woman". Frustrated by continued questions about his administration's handling of investigative files related to Epstein's criminal charges and his 2019 death in prison, Trump told reporters to focus on bigger issues and other people. "You make it a very big thing over something that's not a big thing," Trump said. "Don't talk about Trump. What you should be talking about is the fact that we have the greatest six months in the history of a presidency." Trump was spotted on the golf course on Saturday morning, but he had no public events scheduled. Dressed in black, with a white cap that said USA on it, Mr Trump could be seen driving a golf buggy, flanked by a fleet of security personnel. Reporters and supporters were kept away. Protests took place in Aberdeen and Edinburgh, hundreds of kilometres away. The White House said Trump was golfing on Saturday with his son, Eric, and the US ambassador to Britain, Warren Stephens, and his son. White House press secretary Karoline Leavitt was also on the course. Hundreds gathered in both Edinburgh and Aberdeen - near the site of Mr Trump's other Scottish golf resort - to make their opposition to the president known. In Aberdeen, Scottish MP Maggie Chapman told the crowd of hundreds: "We stand in solidarity not only against Trump but against everything he and his politics stand for". "He is not welcome in Scotland, he is certainly not welcome in Aberdeenshire," she said. Another protester, Anita Bhadani, hailed the "carnival of resistance" and said Trump's "huge promises" of creating thousands of jobs through development around his Scottish golf courses had not come to pass. Trump bought the Turnberry property, which includes a hotel and golf course, for $US60 million ($A90 million) in 2014, in the hope of returning the course to the rotation for the Open Championship, but said his visit was "not about that". Turnberry has been the site of the golf major four times, the most recent being in 2009. It has not hosted the event since then, amid concerns about the lack of accommodation and infrastructure for an event that draws hundreds of thousands. The Scottish government has flagged £180,000 ($A363,108) of public money to support a tournament at the Trump International golf links in Aberdeenshire, citing a tourism and economic boost. The 2025 Nexo Championship, previously known as the Scottish Championship, is set to take place there next month. But Scottish Green co-leader Patrick Harvie likened the awarding of public cash to the tournament to "handing some pocket money to the school bully". Trump will travel in the coming days to his property near Aberdeen, where he will open a second course named after his mother, Mary Anne MacLeod, who was born and raised on a Scottish island before emigrating to the United States. White House officials hope some time out of the limelight will allow the Epstein controversy to die down, two sources familiar with the matter told Reuters. with PA
News.com.au
2 hours ago
- News.com.au
Donald Trump and Jeffrey Epstein's relationship: What we actually know
Epstein abused underage girls. He ingratiated himself with the rich and famous. But was he part of a global cult of Satan-worshipping paedophiles? Was he an agent of a blackmail ring bent on bending powerful men to their will? The 47th President of the United States is caught in a vice of his own making. On one side is Donald Trump's MAGA movement. Some are fervent believers of a 'deep state' conspiracy to protect a child-sex cabal. Or of a secret Mossad plot to twist world governments to Israel's will. It depends on which influencer you listen to. On the other is a need for evidence. Trump is President again. And it's his last chance to produce for the MAGA followers demanding that the Democrats, the Clintons, the Bidens – and any other offending member of the 'ruling elite' – be locked up. The pressure point is disgraced financier Jeffrey Epstein. 'I've known Jeff for 15 years. Terrific guy,' Trump declared to New York Magazine in 2002. 'He's a lot of fun to be with. It is even said that he likes beautiful women as much as I do, and many of them are on the younger side. 'No doubt about it – Jeffrey enjoys his social life.' But Trump has changed his tune. 'Well I knew him like everybody in Palm Beach knew him,' he explained to US media in 2019. 'I had a falling out with him a long time ago. I don't think I've spoken to him for 15 years … I was not a fan of his. That I can tell you.' The difference between the two interviews? Epstein's arrest and death. He was detained on child sex trafficking and conspiracy charges in early 2019. A few months later, he would be found dead in jail. The official cause: suicide. This timing was to prove pivotal. The 'Pizzagate' scandal was still thick in the air. US Presidential candidate Hillary Clinton had been falsely accused of leading a paedophile ring from the basement of a Washington DC family restaurant. That led a North Carolina man to grab his AR-15 assault rifle in a futile bid to 'rescue' the non-existent victims. And the 'QAnon' movement was growing. Epstein's death was deemed 'murder' and 'proof' of the machinations of the 'deep state'. And Trump was a noble warrior waging a secret war against paedophile elites. Now, the Trump-appointed chiefs of the Justice Department and FBI have confirmed that Epstein did indeed kill himself. To some, this is a betrayal. Trump and his followers have been promising a grand exposé since the very beginning. To others, it's the collapse of a rickety house of cards. It's the inevitable demise of a politically manipulated myth designed to win the presidency. So, what do we actually know? Who was Epstein? How did he die? What was his relationship with the likes of Bill Clinton, Prince Andrew – and Donald Trump? The coming storm 'I don't understand what the interest or what the fascination is,' Trump declared in frustration late last week. But that same interest and fascination has been a central plank of his political campaigning for almost a decade. The withholding of court documents dubbed the Epstein files has long been cited as evidence of the 'deep state'. Now, Trump has dismissed their existence as a 'hoax'. 'And I would say that, you know, these files were made up by Comey. They were made up by Obama,' he declared last week. This was not the anticipated outcome. 'QAnon followers perceived Trump as a messianic figure working to expose this cabal in a climactic reckoning known as 'The Storm' – a moment when mass arrests would finally bring justice,' argues University of Dayton Associate Professor of Sociology, Art Jipson. 'They claimed that this moment would eventually bring about a 'Great Awakening' … a moment of mass realisation when people would 'wake up' to the truth about the 'deep state.' Now, that storm threatens to engulf Trump himself. President Trump never personally endorsed the QAnon movement. But many of his campaigners certainly did. Now, some of those hold positions of high office. Trump did, however, often retweet Q-related posts. He also posted an image of himself wearing a Q lapel pin with the motto: 'The Storm is Coming'. But his reluctance to release evidence relating to Epstein is just his latest failed revelation. Trump promised to blow open the JFK and RFK assassinations. But the thousands of pages released earlier this year show no evidence of a 60-year-old 'deep state' cover-up. Trump promised to reveal evidence of alien contact. Instead, his administration has been forced to explain away a spate of UFO scares as hobbyist drones, police helicopters, and scheduled airline flights. Without the Epstein files, there's little chance of finding a Satanic cult. Or a Mossad network. 'For some QAnon believers, this failure was a turning point: If Trump – once seen as the hero in the conspiracy narrative – would not or could not reveal the truth, then the 'deep state' must be more entrenched than imagined,' Jipson concludes. But the Epstein court evidence exists. Unconfirmed reports suggest investigators have amassed 100,000 files containing about 300,000 pages of testimony, bank transfers, phone records and correspondence. And given the size of Epstein's A-list social group, that could cause considerable embarrassment. Who was Jeffrey Epstein? Epstein was a social climber who rapidly became a centrepiece of the New York City and Palm Beach, Florida, social scenes in the 1990s. 'I invest in people, be it politics or science. It's what I do,' he told New York Magazine in 2002. Epstein was born in New York. He dropped out of university to become a math and physics teacher at one of the city's private schools. His big break came when one of his students introduced him to his father, an investment banker. Epstein went on to work on Wall Street for four years. Within five years, he was managing more than $US1billion through J. Epstein & Co. With success came reward. Epstein spent big. A large Manhattan residence. A mansion in Florida. A ranch in New Mexico. These were just the start of a worldwide portfolio of properties, including private islands in the US Virgin Islands. He didn't like appearing in public. But when he did, it was with someone like Eva Andersson (Miss Sweden) or the daughter of billionaire publisher Robert Maxwell, Ghislaine, on his shoulder. Epstein was arrested and charged with sex trafficking and conspiracy charges when he flew back into New York from Paris on his private jet in early 2019. He was already a convicted sex offender. Epstein had pleaded guilty in 2008 to soliciting prostitution from a 14-year-old girl. A police search of his Palm Beach property uncovered photographs of children throughout the mansion. And investigations revealed how each victim was used to recruit other vulnerable young girls. 'This was not a 'he said, she said' situation. This was 50-something 'shes' and one 'he' — and the 'shes' all basically told the same story,' former Palm Beach Police Chief Michael Reiter told the Miami Herald in 2018. But then federal prosecutor Alex Acosta negotiated a secret plea deal in a Florida court. This saw Epstein sentenced to 13 months of 'work-release' detention instead of a 45-year jail term. A formal FBI investigation was subsequently dismissed. When news of this deal broke following his second arrest in 2019, Acosta – then serving as White House Labour Secretary, appointed by President Trump – was forced to resign. Epstein remained unrepentant. 'What can I say, I like young girls,' Epstein told New York magazine columnist Michael Wolff in 2007. He insisted the girls (under the legal age of consent) had consented to sex. 'I'm not a sexual predator, I'm an 'offender,'' he told the New York Post in 2011. 'It's the difference between a murderer and a person who steals a bagel.' Who did Epstein know? One of Epstein's high-flying partners drew particular attention from MAGA and QAnon. In 2002, he flew former President Bill Clinton, comedian Chris Tucker and actor Kevin Spacey to Africa. Flight logs record Clinton flying on Epstein's planes some 26 times. And his private Boeing 727 was dubbed 'Lolita Express'. 'Jeffrey is both a highly successful financier and a committed philanthropist with a keen sense of global markets and an in-depth knowledge of 21st Century science,' Clinton crowed to New York Magazine. 'I especially appreciated his insights and generosity during the recent trip to Africa to work on democratisation, empowering the poor, citizen service, and combating HIV/Aids.' Then there was the Duke of York, Prince Andrew. He had been a friend of Epstein's since the early 1990s. They'd been seen together at exotic destinations including St Tropez and Thailand. The Prince was also photographed talking to Epstein in New York's Central Park in December 2010 – shortly after he had been released from custody. In 2022, Prince Andrew paid millions to settle a lawsuit filed by Virginia Giuffre, formerly known as Virginia Roberts. She claimed to have been ordered by Epstein to have sex with the Prince three times – in London, New York and on Epstein's private Caribbean Island. Prince Andrew maintains the accusations are 'false and without any foundation', insisting he never had 'any form of sexual contact or relationship with Virginia Roberts'. And then there's Donald Trump. Epstein told columnist Michael Wolff in a 2011 interview that he 'was Donald's closest friend for 10 years'. They had been dining partners at both Trump's Mar-a-Lago club and Epstein's Manhattan mansion. The pair had also hung out at Atlantic City casinos. Trump certainly appears to have made himself readily available to the high-flying financier. Epstein's personal address book, leaked to the media in 2009, reportedly contained 14 contact numbers for Trump, Melania, and members of his personal staff. But Trump and Epstein fell out in 2004. Both wanted to buy the same Florida ocean-side mansion. And it was Epstein who won the bitter bidding battle. Two weeks after the auction, Palm Beach police reportedly received a tip-off that underage girls had been seen entering Epstein's home. But it wasn't until the following year that the parents of a 14-year-old girl stepped forward, and investigations began in earnest. The Trump connections According to the Wall Street Journal, the Trump-Epstein friendship was in full flight by 2003. That's when Maxwell reportedly assembled a leather-bound 50th Birthday tribute book for Epstein. One of the entries was allegedly submitted by Trump. The WSJ describes it as a sketch of a naked woman. The signature 'Donald' appears where her pubic hair would be. And the typewritten dialogue depicts a conversation between the two men: 'Voice Over: There must be more to life than having everything. 'Donald: Yes, there is, but I won't tell you what it is. 'Jeffrey: Nor will I, since I also know what it is …' The tribute reportedly concludes: 'A pal is a wonderful thing. Happy Birthday — and may every day be another wonderful secret' President Trump has called the document 'fake', 'false', and 'malicious'. 'I'm gonna sue The Wall Street Journal just like I sued everyone else,' he said. But Trump and Epstein have a history. They were seen together at beauty pageants, cheerleader parades and beauty contests. A 1992 'calendar girl' competition, involving more than 20 contestants at Mar-a-Lago, had only two guests: Trump and Epstein. Recently released photos reveal that Epstein was invited to Trump's second wedding (to Marla Maples) in December 1993. And flight logs show Trump flew seven times on Epstein's private jets between 1993 and 1997. Epstein boasted to Wolff that the first time Trump 'slept with' Melania was 'on my plane'. Trump was famously caught on tape in 2005 claiming that he could grab women 'by the p***y', stating that 'when you're a star, they let you do it. You can do anything'. Since becoming President in 2019, more than a dozen women have come forward with allegations ranging from walking into dressing rooms unannounced to rape. One, calling herself 'Jane Doe' and 'Katie Johnson', alleged she was repeatedly raped in Manhattan by Epstein and Trump when she was just 13-years-old. She filed – and dropped – her lawsuit in 2016. Trump has denied all the allegations and accused the women of being political pawns in efforts to undermine his presidency. But Trump is also indirectly entangled with Prince Andrew's Epstein scandal. Virginia Robers submitted in a court filing that she was just 16 and working as a pool attendant at Mar-a-Lago in 2000 when she was recruited by Maxwell to act as Epstein's masseuse. That, she said, entrapped her in his sex ring. Roberts (Giuffre) died by suicide in April this year, aged 41. What next? 'I keep hearing about some of the Jeffrey Epstein clients' names being released today,' Donald Trump Jr posted to the X social media site in January 2024, 'But I'd be willing to bet that something happens between now and then that prevents those names from ever coming out.' The inference was aimed at then-President Joe Biden and the 'deep state'. But, little more than a year later, his prophecy would come true through his own father. 'It's sitting on my desk right now to review,' Donald Trump's personally appointed Attorney-General, lobbyist and lawyer Pam Bondi, declared in February. 'That's been a directive by President Trump.' Expectations were running high. Now, her Justice Department says it doesn't exist. The Justice Department and FBI released roughly 11 hours of video showing the lead-up to the discovery of Epstein's body to dispel suspicions of foul play. But it only made matters worse. Time stamps reveal part of the recording is missing, as it jumps from 11:58pm to midnight in a single frame. 'The conspiracy theories just aren't true, never have been,' FBI Director Kash Patel tweeted earlier this month. But the Trump-appointed lawyer and MAGA campaigner was contradicting himself. In 2023, he insisted Epstein's 'black book' was 'under direct control of the Director of the FBI'. And he loudly complained at delays in the Epstein files' release: 'What the hell are the House Republicans doing? They have the majority. You can't get the list? Put on your big boy pants, and let us know who the pedophiles are.' His FBI Deputy Director, former MAGA podcaster Dan Bongino, finds himself similarly wrong-footed. 'Folks, the Epstein client list is a huge deal because it speaks to an enormous problem we have in this country,' Bongino told his audience last September. 'It is that there is a connected class of insiders that feel that they can get away with anything because they can.' Patel and Bongino now find themselves walking a fine line. On one side is Donald Trump. On the other are the MAGA supporters they rode into office. 'Do you think that myself, Bongino and others would participate in hiding information about Epstein's grotesque activities?' Patel told the Joe Rogan Experience podcast last month. 'Or do you think we would also participate in not prosecuting people we had evidence to prosecute people on? 'But the problem is, there's been, like, 15 years of people coming in and creating fictions about this that doesn't exist.' Now, the 47th President has ordered his Attorney-General to quash the controversy by releasing all grand jury testimony relating to Epstein. But this bid was overruled by a US District Judge on Thursday on the basis the demand failed to meet required legal criteria. Meanwhile, the Congress House Committee on Oversight voted Thursday to subpoena the Department of Justice to hand over investigation documents. Several key Republican members supported the move. And, on Friday, Epstein's convicted accomplice, Ghislaine Maxwell, met with her lawyer and Trump's Deputy Attorney General Todd Blance for six-hours of talks. Congress has also voted to summon Maxwell to testify before the House.
