
To Berlin's relief, Musk — not Merz — got slammed during White House visit
BERLIN — German Chancellor Friedrich Merz went to the White House on Thursday to talk about trade, war, peace and the future of the Western alliance — a high-stakes meeting for which his top advisers made painstaking preparations.
Trump had something he wanted to say, too. About Elon Musk.
Sitting next to Merz in the Oval Office, Trump told reporters he was 'very disappointed' in his former adviser. Musk returned fire, and the two ex-besties were off a wild hours-long breakup that dominated the day's news cycle at home and abroad.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Weekly Recap: Circle Scores Big on IPO Fever
It was a week of fortunes made, and fortunes lost, at CoinDesk. On the one hand, we had Circle, long a leading crypto company, hurtling to IPO and making bank. Its shares were priced at $110 at press time (up from $31 Wednesday), leading many to expect a summer and fall of crypto-themed IPOs. On the other, we saw HyperLiquid trader James Wynn go from having a $100 million BTC position one day to a massive loss the next. (Kids, beware the big, bad leverage monster). Most of the market portents looked good, though. Crypto money-raising season was in full swing. Groups doubled-down on the Bitcoin Treasury Strategy, not least Metaplanet, Japan's answer to Michael Saylor's Strategy. Solana's memecoin juggernaut, said it was lining up $1 billion at a $4 billion valuation. One of its children, Fartcoin, surged on rumors of a Coinbase listing. Crypto technology continued to get integrated into mainstream products. Prediction markets from Polymarket are coming to X and xAI. Uber, Apple, Airbnb and others said they were hoping to combine stablecoins into their payment offerings. Revolut said it would soon offer derivatives. And so on. Still, Trump and Musk dominated coverage as normal (probably to an unhealthy degree). On Thursday, Trump's media company Truth Social said it would launch its own Bitcoin ETF. (By Friday, it was set to issue more shares as well.) The Trump-Musk feud, which also broke this week, highlighted the U.S.'s precarious debt situation (a key driver for bitcoin's existence). But so far bitcoin, and dogecoin, prices are down on the news. Really anything is possible in the weeks ahead. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31 minutes ago
- Yahoo
Markets sink amid Trump and Musk tension
Markets sink amid Trump and Musk tension originally appeared on TheStreet. On June 6, the overall cryptocurrency market cap decreased by 3.42% to $3.36 trillion, with losses concentrated in large-cap cryptocurrencies, including Ethereum (-5.4%), Solana (-8.7%), and Dogecoin (-13.3%), as per Kraken. Bitcoin remained stable, down only 1.8% to $104,002, with 24-hour trading volume at more than $41.8 billion. Altcoins across the board saw weekly losses exceeding 2%, with Cardano, XRP, and BNB all suffering notable declines. However, Bitcoin had a small gain of 0.3% over the last hour. BNB saw a 0.4% gain, while Solana had a similar hourly gain of 0.7%. Cardano saw the most significant hourly gain of 1.3% on the hourly bounce. Other cryptocurrencies, such as Dogecoin and XRP, experienced hourly bounces of 0.6% and 0.1%, respectively. The overall decline is occurring alongside broader macro and political tensions, while we observe an escalating war of words between U.S. President Donald Trump and Elon Musk. After Musk condemned Trump's $1.5 trillion "Liberation Day" spending bill for a "disgusting abomination", the former allies had a bitter exchange across social media. Musk, who has recently resigned from the Department of Government Efficiency, accused Trump of being ungrateful and claimed credit for helping the GOP win the 2024 elections. Trump dismissed the drama, telling Politico, "It's going very well, never done better", although aides set up a call to reconcile. Speaking alongside German Chancellor Friedrich Merz, he suggested that Musk's anger stemmed from losing electric vehicle (EV) subsidies, which he believes will negatively impact Tesla. The feud has already sown uncertainty in the already jittery markets over debt risks and policy uncertainty. With crypto sentiment already teetering, analysts warn that U.S. political instability could encourage further outflows from tokens such as DOGE and ADA, which are more retail-heavy. Markets sink amid Trump and Musk tension first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared.
Yahoo
31 minutes ago
- Yahoo
Polkadot's DOT Retakes Important $3.96 Level as Buyers Step In After Pullback
Polkadot DOT bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research's technical analysis model. DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing "strong support" and rebounding strongly, according to the model. The token is currently 1.3% lower, trading around $3.97. The broader market gauge, CoinDesk 20 CD20 index, was 0.8% lower at publication time, also recovering from a sharp move lower amid a tussle between President Donald Trump and Elon Musk. Technical analysis highlights: DOT-USD experienced a 7.06% correction from $4.038 to a low of $3.753 before establishing strong support. Price formed an ascending channel after the correction, reclaiming the $3.95 level with increasing buying pressure. Significant volume spike of over 5.9 million during the correction phase, followed by 1.7 million volume during the recovery period. Key resistance established at $3.98-$4.00 zone with immediate support at $3.95. Higher low pattern formed after brief pullback, confirming bullish momentum Psychological $3.96 level successfully defended, reinforcing recovery narrative. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data