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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Europe must show leadership against Trump’s ‘ruthlessness,’ Germany's foreign minister says
With U.S. support in doubt, German foreign minister warns that Europe must lead on Ukraine or risk losing its security.
BERLIN — As European leaders prepare to meet in London on Sunday for an emergency summit on Ukraine, German Foreign Minister Annalena Baerbock has called for Europe to show decisive leadership in the wake of the Oval Office clash between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy.
In a starkly worded speech delivered Saturday in the Foreign Ministry, Baerbock warned of a “new era of ruthlessness” following Trump’s public humiliation of Zelenskyy and the U.S. administration’s shifting stance on Russia's invasion of Ukraine.
“A ruthless time has begun, in which we must defend the rules-based international order and the strength of law more than ever against the power of the strongest,” Baerbock said.
#Berlim #News #Europe #Ukraine
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U.S. may import more eggs as prices soar. Canada says ‘happy to discuss’
As the U.S. grapples with soaring egg prices, that country’s agriculture secretary says “temporary import options” will be on the table.
In an op-ed written for the Wall Street Journal, U.S. Agriculture Secretary Brooke Rollins outlined her plan to lower the price of eggs – a key issue for American voters in an election that saw Donald Trump return to the White House.
In the op-ed, Rollins noted that the average price of a dozen eggs had skyrocketed 237 per cent, from US$1.47 in January 2021 to US$4.95 last month. Rollins outlined several measures that the Trump administration would take, including combating avian flu, which she said has resulted in the culling of 166 million egg-laying hens since 2022.
Among the measures she proposed was importing more eggs.
“We will consider temporary import options to reduce egg costs in the short term. We will proceed with imports only if the eggs meet stringent U.S. safety standards and if we determine that doing so won’t jeopardize American farmers’ access to markets in the future,” she said in her opinion piece.
#Canada #US #egg
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Russia and U.S. Held Secret Talks on Restarting Nord Stream 2 Pipeline
Russian and U.S. negotiators held secret talks on resuming gas flows to Germany via the Nord Stream 2 pipeline, the German tabloid Bild reported Sunday, citing anonymous sources familiar with the matter.
The Swiss-based operator of Nord Stream 2 and other Russia-based entities linked to the $11 billion pipeline are currently under U.S. sanctions. The reported U.S.-Russia discussions on restarting the pipeline are seen as part of President Donald Trump’s efforts to rebuild ties with Russia.
According to Bild, Trump’s special envoy Richard Grenell made multiple unofficial visits to the headquarters of Nord Stream 2 AG — the pipeline’s operator, which is fully owned by Russia’s sanctioned energy giant Gazprom — in the Swiss city of Steinhausen for negotiations.
Grenell denied participating in the reported talks.
#TheMoscowTimes #News #Russia #US #Germany
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Skull and Bones’ Into the Dragon’s Wake kicks off a new season on August 22
Just when you finally got your pirate vessel fully insured, along comes a new ship and cannons to blow up your deductible. Yet look on the bright side of your sinking boat: You get a new Skull and Bones content update on August 22nd.
Into the Dragon’s Wake is about to arrive in Ubisoft’s naval combat sim next week: “Hailing from the Middle Kingdom, Li Tian Ning and Commander Zhang of the Dragon’s Claw make their prowess known to the Indian Ocean. Their arrival stirs tension between the Rempah and DMC in the East Indies, amidst a new seasonal story, world events and challenges.”
The update includes the Battle Junk juggernaut that can taunt other ships, an epic long gun named Divine Thunder, two new types of cannons, and special “immortal” armor for your vessel. Ubisoft is also introducing Imperial Jade as a trading resource, better controls, a new merchant convoy event, and a new third-person camera view.
Next up on Skull and Bones’ calendar after the patch is the Mooncake Regatta event, which is running from August 27th through September 17th.
#game #massive #preview
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The tallest mountain in the solar system, Olympus Mons on Mars. It has a height of 25 km, Mount Everest is 'only' 8.8 km tall.
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