Trump supporters lose $12bn as president’s cryptocurrency coin collapses
Donald Trump’s supporters have lost more than $12bn (£9.5bn) in a month after the value of the president’s cryptocurrency collapsed.
$Trump, a so-called “meme coin” unveiled on Jan 17, three days before Mr Trump’s inauguration, has lost more than 80pc of its value since its peak on Jan 19.
This has led to its overall worth falling from a peak of $15bn to $2.7bn on Thursday, as it suffered amid a wider crypto rout.
The paper value of the coins owned by Mr Trump himself has also fallen by $50bn.
While Mr Trump’s own losses have not been crystallised, investors are on the hook after spending heavily to back the Trump coin in the run-up to his inauguration, partly as a show of support but also as a gamble that the token would rise in value.
#Trump #TrumpCoin #cryptocurrency #crypto #memeCoin #News
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4 weeks ago
Largest Norwegian fuel supplier refuses U.S. warships over Ukraine
Norwegian fuel company Haltbakk Bunkers has announced it will cease supplying fuel to U.S. military forces in Norway and American ships docking in Norwegian ports, citing dissatisfaction with recent U.S. policy towards Ukraine.
In a strongly worded statement, the company criticised a televised event involving U.S. President Donald Trump and Vice President J.D. Vance, referring to it as the “biggest shitshow ever presented live on TV.” Haltbakk Bunkers praised Ukrainian President Volodymyr Zelensky for his restraint, accusing the U.S. of “putting on a backstabbing TV show” and declaring that the spectacle “made us sick.”
As a result, the company stated: “We have decided to immediately STOP as fuel provider to American forces in Norway and their ships calling Norwegian ports. No Fuel to Americans!” Haltbakk Bunkers also urged Norwegians and Europeans to follow their lead, concluding their statement with the slogan “Slava Ukraina” in support of Ukraine.
#Norwegian #Ukraine #UKDefenceJournal
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4 weeks ago
Japan battles largest wildfire in decades
More than a thousand people have been evacuated as Japan battles its largest wildfire in more than three decades.
The flames are estimated to have spread over about 1,200 hectares (3,000 acres) in the forest of Ofunato in the northern region of Iwate since a fire broke out on Wednesday, according to the Fire and Disaster Management Agency.
“We’re still examining the size of the affected area, but it is the biggest since the 1992 wildfire [in Kushiro, Hokkaido],” an agency spokeperson said.
That fire burned 1,030 hectares, the previous record. About 1,700 firefighters were being mobilised from across the country, the agency said.
Aerial footage from the public broadcaster NHK showed white smoke billowing up and covering an entire mountain.
Local police found the body of one person who had been burned, while more than 1,000 nearby residents have been evacuated and more than 80 buildings had been damaged as of Friday, according to the Ofunato authorities.
#Japan #News #WildFire #TheGuardian
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4 weeks ago
Since the outbreak of the war, Hungarian PM Viktor Orbán has paid Putin more than €15 billion for Russian gas and oil, becoming the biggest financier of the Russian war in the EU.
Since the outbreak of the Russian-Ukrainian war on 24 February 2022, Hungary has purchased gas and oil from Russia for a total of EUR 15.6 billion. According to data from the Centre for Research on Energy and Clean Air, an independent research institute in Finland, this makes the Orbán government the largest EU financier of Putin’s war. According to 444.hu, while many EU countries have drastically reduced their dependence on Russian energy sources, Hungary has taken a different path. Italy reduced its Russian gas imports from 43% in 2020 to 5% in 2024.
Austria announced it had found alternative routes, eliminating its dependence on Russian gas. Moreover, the Czech Republic and Poland had previously declared their independence from Russian gas. In contrast, Hungary has increased its gas imports from Russia to unprecedented levels.
#News #DailyNewsHungary
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4 weeks ago
