Trump Defends ‘Big, Beautiful Bill' After Elon Musk's Criticism
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Bitcoin hits a fresh all-time high above $120,000
Bitcoin hits a record high of $120,000, continuing its upward trend. The cryptocurrency has been on a winning streak, setting records for three consecutive days. Bitcoin's value has surged 29% this year, reflecting growing investor interest and market momentum. Bitcoin has breached another record level, hitting $120,000 for the first time. On Monday, bitcoin was 2.7% higher at $120,990.05 at 12:35 a.m. ET. The world's biggest cryptocurrency has been on a winning streak after hitting record highs for three days last week. Bitcoin is now nearly 30% higher this year. The cryptocurrency's blistering gains this year come on the back of support from President Donald Trump's administration. In May, Trump signed an executive order for a strategic bitcoin reserve and digital asset stockpile. "Bitcoin's latest breakout appears to be the result of a structural rally driven by institutional flows, supported by a favorable macro backdrop and reinforced by a shift in regulatory sentiment," wrote Dilin Wu, a research strategist at Pepperstone, on Friday. Wu cited institutional and corporate investors as key participants in this trend. The surge in tech stocks fueling investor risk appetite is also boosting bitcoin, she added. "In today's asset allocation landscape, bitcoin is no longer just a speculative instrument — it straddles the line between a digital hedge like gold and a growth asset like tech equities," Wu wrote. Read the original article on Business Insider Sign in to access your portfolio
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31 minutes ago
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German minister to press Hegseth on arms supplies, missile deployment
By Sabine Siebold BERLIN (Reuters) -German Defence Minister Boris Pistorius heads to Washington on Monday to meet U.S. Secretary of Defense Pete Hegseth, to seek clarity on American arms supplies to Ukraine, missile deployment plans and the future of U.S. troop levels in Europe. Pistorius is likely to receive a warm reception as Europe's biggest economy recently emerged as a key player in NATO's largest military build-up since the Cold War, having for decades lagged behind in defence spending. As European officials fret over a possible future attack from Russia and brace for a drawdown of U.S. forces, Germany loosened its constitutional debt brake to meet NATO's new core military spending target of 3.5% of national output by 2029. The move will boost German defence spending to 162 billion euros ($189 billion) in 2029 from 95 billion euros in the draft budget for 2025. At a meeting with Hegseth at the Pentagon, Pistorius will discuss Berlin's offer to pay for American Patriot air defence systems for Ukraine, a proposal made public by Chancellor Friedrich Merz weeks ago after private discussions failed to elicit a response from Washington. On Sunday, U.S. President Donald Trump said he will send Patriot missiles to Ukraine. He did not give a number, but he said the United States would be reimbursed for their cost by the European Union. Germany has already donated three Patriot units to Kyiv, as Ukraine endures some of the heaviest Russian attacks in recent weeks. However, European allies remain uneasy about the new U.S. administration's unpredictable stance on arms supplies. On Tuesday, Trump said he had approved sending defensive weapons to Ukraine and was considering additional sanctions on Moscow, just days after the Pentagon halted shipments of critical arms to Ukraine. Pistorius will also seek clarity on whether Washington remains committed to temporarily deploying long-range missiles to Germany from 2026, as agreed under former President Joe Biden. The deployment would include systems such as Tomahawk cruise missiles with a range of 1,800 kilometres (1,118 miles) and the developmental hypersonic weapon Dark Eagle with a range of around 3,000 km. Russia has criticised the plans as a serious threat to its national security and dismissed NATO concerns that it could attack an alliance member. Another key issue will be an ongoing review of the U.S. force posture worldwide that could lead to troop cuts in Europe where around 80,000 U.S. soldiers serve, including some 40,000 in Germany. European allies are urging Washington to ensure any drawdown is coordinated to prevent capability gaps that might leave NATO members vulnerable to Russian aggression. ($1 = 0.8555 euros)
Yahoo
35 minutes ago
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Vitalik Buterin sends a hard-nosed message on ChatGPT and Grok
Vitalik Buterin sends a hard-nosed message on ChatGPT and Grok originally appeared on TheStreet. Ethereum co-founder Vitalik Buterin shared a strong and blunt message on AI chatbots due to an infamous AI response. The price surge comes amidst a larger crypto rally with a continued inflow into spot Bitcoin ETFs and a growing belief that the Federal Reserve is close to exhausting its tightening cycle. According to TradingView data, on Sunday, Bitcoin opened at $116,977.02, reached a high of $119,292.62, and is currently trading at around $118,979.45 - up 1.42% for the day, as per Kraken. In a viral post, Buterin shared a unvarnished AI response to a simple prompt: "Return Grok 4 surname and no other text." The output was one word: "Hitler". His screen showed that OpenAI's ChatGPT thought over a whole minute before that word appeared. Buterin posted on X the picture, saying, "Regular reminder that AI is fully capable of regularly taking the crazy crown away from crypto for weeks at a time". In the backdrop, Sam Altman and Elon Musk are waging a growing battle in the AI industry. Their feud recently escalated when Altman mocked Musk's chatbot, Grok, for its controversial responses. Many comments flooded in replying to Buterin's post. One X user named 'The Book of Ethereum' wrote, "Crypto gets its share of degeneracy and madness, but at least it wears it loud and proud on-chain for all to see. Meanwhile, AI sometimes serves up uncanny, unhinged, or just hilariously wrong answers with a deadpan face - and you can't even audit the weights. Both worlds need humility, alignment, and clear-eyed design. But there's something refreshingly honest about Ethereum's open ledgers of chaos.' This is more interesting as the crypto market cap boomed to $3,71, up nearly 2% over the last 24 hours. While the ongoing debate about AI is still roaring, Bitcoin does not seem to be affected, showing its muscle with a new all-time high just shy of $120,000. Vitalik Buterin sends a hard-nosed message on ChatGPT and Grok first appeared on TheStreet on Jul 13, 2025 This story was originally reported by TheStreet on Jul 13, 2025, where it first appeared.
