Elon Musk Says Ross Ulbricht Will Receive Presidential Pardon

Elon Musk’s latest comment on X has reignited discussions about Ross Ulbricht’s fate. During his 2024 presidential campaign, Trump explicitly vowed to commute Ulbricht’s sentence on his first day in office. However, no official pardon materialized on Inauguration Day, leaving supporters in suspense. On Polymarket, 99% of participants believe Trump will pardon Ulbricht within his…

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VC Giant A16z Scales Back UK Crypto Operations as Trump Policies Drive US Focus

The firm maintains London office but reduces European investments as US regulatory environment becomes more crypto-friendly under new administration. Bitcoin reaches the $109,000 milestone on Inauguration Day, reflecting increased investor confidence in US market direction. Strategic pivot follows successful UK investments in projects like Arweave and Aztec, marking a shift in global crypto investment priorities….

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Morgan Stanley Signals Major Crypto Push Under Trump Administration

Morgan Stanley is keen to work with the US Treasury among other agencies to ensure a responsible adoption of digital assets. The cryptocurrency market will continue to grow exponentially over the years fueled by institutional investors and clear regulatory frameworks. Morgan Stanley (NYSE: MS), a top-tier traditional banking institution with over $1.4 trillion in assets…

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European Central Bank Chooses Gold Over Bitcoin for Strategic Reserves

Contrasting approaches emerge as US states push for Bitcoin reserves while ECB increases gold holdings to 35% of total foreign reserves. Bitcoin’s consolidation between $106k-$91.7k coincides with gold’s new ATH of $2,798, fueling store-of-value debate among institutions. The ECB maintains a conservative stance on crypto, despite El Salvador’s successful Bitcoin adoption model and growing international…

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