Bitcoin Sets New All-Time High
Bitcoin reached an all-time high on Wednesday, surpassing a record set shortly after President Donald Trump's inauguration, after the Senate advanced further regulations on some cryptocurrencies earlier this week, sparking a broader crypto market surge and regulatory optimism.
The Senate advanced regulations for stablecoins earlier this week, following support from the ... More broader crypto industry.
The price of Bitcoin briefly peaked at $109,450.50 earlier Wednesday, surpassing a previous all-time high of $109,228 on Jan. 20, though the crypto has since fallen to just over $108,480.
This is a developing story and will be updated.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Opinion - Trump-Musk divorce threatens the president and the entire Republican Party
Few expected the relationship between President Trump and Elon Musk to survive four years, but the spectacular collapse of this partnership has shocked even seasoned observers with its speed and intensity. Now, as two of the world's most powerful men openly clash, there are seismic implications for the country as a whole and the Republican Party specifically. Put another way, not only does this fissure expose cracks in the GOP and MAGA coalition, it's also a considerable threat to Republicans' midterms hopes and Trump's signature legislation. The fight, which began two weeks ago when Musk expressed 'disappointment' with Trump's 'one big, beautiful' bill had initially been confined to disagreements over the legislation, rather than personal attacks. Then, on Thursday afternoon, it escalated in unprecedented, dramatic fashion. Following Trump's recent comment that he would have won Pennsylvania without Musk's help, Musk replied 'Without me, Trump would have lost the election, Dems would control the House and Republicans would be 51-49 in the Senate.' That was just Musk's opening salvo against the man he spent roughly $300 million to get elected. The tech billionaire then went on a blistering war path. He claimed Trump was on 'the Epstein list,' supported impeachment — a touchy subject for the twice-impeached Trump — and claimed that tariffs would cause a recession. Not content with attacking Trump, Musk has also threatened to fund primary challenges to Republicans who support the bill, and has criticized both Senate Majority Leader John Thune (R-S.D.) and Speaker of the House Mike Johnson (R-La.). With unprecedented speed, Musk went from the man who could pour hundreds of millions into Republican coffers to Republicans' enemy number one. Influential commentator Steve Bannon pushed for Musk's deportation, claiming he's an illegal alien, and Trump threatened to cancel all government contracts with Musk's multiple companies, saying Musk 'went CRAZY.' Whether or not the rumors of an impending détente between the two is enough to heal the rupture remains to be seen, but it's unlikely that all of the pieces will ever get put back together. Given Musk's deep pockets and control of social media platform X, where he has a cult-like following, Trump and the Republicans now find themselves in a treacherous spot at a precarious time. Indeed, even before the dramatic escalation, Trump's 'big, beautiful bill' was in limbo in the Senate. As Alexander Bolton noted in this publication prior to Thursday's blowup, Trump's bill is 'losing momentum in the Senate in the face of blistering attacks from Elon Musk.' To that end, Musk's criticisms of the bill and threats to primary its Republican supporters has already led two House Republicans who voted for the bill, Reps. Marjorie Taylor Greene (R-Ga.) and John Rose (R-Tenn.), to come out against some of it. It appears that this fight has brought some Republicans back into Trump's fold. Rep. Chip Roy (R-Texas), who had been opposed to the bill prior to its passage in the House, condemned Musk, saying he 'crossed the line.' And Rep. Tim Burchett (R-Tenn), another House conservative, dismissed Musk's influence, saying he is 'just another shiny object.' For their part, Republican senators who may have had doubts about Trump's signature legislation now risk being seen as taking Musk's side and being disloyal to the president. However, it would be a mistake to overlook the implications of the breakup or the dangers for Republicans. If he wants, Musk could very easily fund primaries against vulnerable GOP House members, and his control of X gives him unprecedented influence over the media ecosystem. Further, Musk's influence among the Silicon Valley cohort that moved stridently to the right in 2024 could peel off a new group of Republican voters and donors. In that same vein, there are possible electoral consequences for Republicans, even if tempers between Trump and Musk cool down. Trump was counting on the bill's passage to be a significant political tailwind that would boost his polling numbers and Republicans' midterm hopes, particularly given the ongoing chaos over tariffs and trade policy. Now, whichever version of the bill eventually passes, Republicans look like the party of chaos. It is entirely possible that this ongoing feud dents voters' confidence in Republicans' ability to competently govern, something Democrats are clearly hoping for. As the Wall Street Journal reported, Democrats are 'reveling' about the fight, with Senate Minority Leader Chuck Schumer (D-N.Y.) reposting Musk's attacks and House Minority Leader Hakeem Jeffries (D-N.Y.) taking digs at the 'GOP civil war.' To be sure, despite Musk's efforts, it remains likely that a version of Trump's 'one, big, beautiful bill' will still pass, but Republicans now have a bigger headache. Ultimately, divorces are always messy, but the Trump-Musk divorce is unprecedented, and it could not have come at a worse time for Republicans. With razor-thin margins in the House and the absence of Trump's much-touted trade bills, it poses the most significant threat to Republicans' midterm hopes, and by extension, the rest of Trump's term. Douglas E. Schoen and Carly Cooperman are pollsters and partners with the public opinion company Schoen Cooperman Research based in New York. They are co-authors of the book, 'America: Unite or Die.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Verge
16 minutes ago
- The Verge
YouTube has loosened its content moderation policies
YouTube has relaxed its moderation policies and is now instructing reviewers not to remove content that might violate its rules if they're in the 'public interest,' according to a report from The New York Times. The platform reportedly adjusted its policies internally in December, offering examples that included medical misinformation and hate speech. In training material viewed by the Times, YouTube says reviewers should now leave up videos in the public interest — which includes discussions of elections, ideologies, movements, race, gender, sexuality, abortion, immigration, censorship — if no more than half of their content breaks its rules, up from one quarter. The platform said in the material that the move expands on a change made before the 2024 US election, which allows content from political candidates to stay up even if they violate its community guidelines. Additionally, the platform told moderators that they should remove content if 'freedom of expression value may outweigh harm risk,' and take borderline videos to a manager instead of removing them, the Times reports. 'Recognizing that the definition of 'public interest' is always evolving, we update our guidance for these exceptions to reflect the new types of discussion we see on the platform today,' YouTube spokesperson Nicole Bell said in a statement to the Times. 'Our goal remains the same: to protect free expression on YouTube while mitigating egregious harm.' YouTube didn't immediately respond to The Verge 's request for comment. YouTube tightened its policies against misinformation during Donald Trump's first term as US president and the covid pandemic, as it began removing videos containing false information about covid vaccines and US elections. The platform stepped back from removing election fraud lies in 2023, but this recent change goes a step further and reflects a broader trend of online platforms taking a more lax approach to moderation followingTrump's reelection. Earlier this year, Meta similarly changed its policies surrounding hate speech and ended third-party fact-checking in favor of X-style community notes. The changes follow years of attacks on tech companies from Trump, and Google in particular is in a vulnerable legal situation, facing two Department of Justice antitrust lawsuits that could see its Chrome browser and other services broken off. Trump has previously taken credit for Meta's moderation changes. As noted by the Times, YouTube showed reviewers real examples of how it has implemented the new policy. One video contained coverage of Health and Human Services Secretary Robert F. Kennedy Jr.'s covid vaccine policy changes — under the title 'RFK Jr. Delivers SLEDGEHAMMER Blows to Gene-Altering JABS' — and was allowed to violate policies surrounding medical misinformation because public interest 'outweighs the harm risk,' according to the Times. (The video has since been taken off the platform, but the Times says the reasoning behind this is 'unclear.') Another example was a 43-minute video about Trump's cabinet appointees that violated YouTube's harassment rules with a slur targeting a transgender person, but was left up because it had only a single violation, the Times reports. YouTube also reportedly told reviewers to leave up a video from South Korea that mentioned putting former president Yoon Suk Yeol in a guillotine, saying that the 'wish for execution by guillotine is not feasible.'
Bloomberg
17 minutes ago
- Bloomberg
Clearlake Hires Lederman from KKR as Head of Capital Markets
Clearlake Capital Group hired Josh Lederman from KKR & Co. for the newly created role of head of capital markets, according to a spokesperson for the firm. In his new role, Lederman will oversee debt origination, underwriting and distribution in what Clearlake sees as a first step in building a broader capital markets team, an effort that includes obtaining a broker-dealer license.
