Bitcoin tops $120,000 mark for first time in history
The US House of Representatives is set to begin discussions today, July 14, on a series of bills aimed at establishing a regulatory framework for the digital asset space, a key demand by companies and investors operating in the sector.
The move has resonated with President Donald Trump, who has described himself as the 'crypto president,' urging policymakers to modernize regulations in favor of the industry.
Bitcoin surged 29% year-to-date, sparking a broader rally across other digital assets in recent weeks, despite market uncertainty stemming from Trump's newly imposed tariffs, which caused some disruption.
Ether, the second-largest cryptocurrency globally, also climbed to its highest level in over five months, reaching $3,048.23 earlier today before easing slightly to $3,036.24 in recent trade.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Arabiya
2 hours ago
- Al Arabiya
New York governor wants Trump to take action on drone attack risks
New York Governor Kathy Hochul called on the White House to take action to address risks of drone attacks on the United States, citing a series of incidents last year and their use in international military operations. 'An attack against strategic military and critical infrastructure in New York poses an urgent danger to the United States,' Hochul said in a letter to President Donald Trump made public Monday. 'The reality is that the federal government is unprepared and poorly postured to detect and mitigate (drone) threats and states are hamstrung by a lack of legislative authority and action by the Federal Aviation Administration.'
Arab News
2 hours ago
- Arab News
Trump threatens Russia with tariffs if war on Ukraine isn't resolved within 50 days
WASHINGTON: President Donald Trump said Monday he would punish Russia with tariffs if there isn't a deal to end the war in Ukraine within 50 days, the latest example of his growing frustration with Russian President Vladimir Putin. Trump made the announcement during an Oval Office meeting with NATO Secretary-General Mark Rutte. 'We're going to be doing very severe tariffs if we don't have a deal in 50 days,' the Republican president said. He said they would be 'secondary tariffs,' meaning they would target Russia's trading partners in an effort to isolate Moscow in the global economy. 'I use trade for a lot of things,' Trump added. 'But it's great for settling wars.' Besides the tariff threat, Trump and Rutte discussed a rejuvenated pipeline for US weapons. European allies plan to buy military equipment and then transfer them to Ukraine. Trump said there would be 'billions and billions' of dollars purchased. Rutte said Germany, Finland, Canada, Norway, Sweden, the United Kingdom and Denmark would be among the buyers to supply Ukraine. He said 'speed is of the essence here,' and he said the shipments should make Putin 'reconsider' peace negotiations. Trump exasperated with Putin Trump has long boasted of his friendly relationship with Putin, and after taking office in January repeatedly said that Russia was more willing than Ukraine to reach a peace deal. At the same time, Trump accused Ukrainian President Volodymyr Zelensky of prolonging the war and called him a 'dictator without elections.' But Russia's relentless onslaught against civilian areas of Ukraine wore down Trump's patience. In April, Trump urged Putin to 'STOP!' launching deadly barrages on Kyiv, and the following month said in a social media post that the Russian leader 'has gone absolutely CRAZY!' as the bombardments continued. 'It just keeps going on and on and on,' Trump said on Monday. 'Every night, people are dying.' Meanwhile, Trump's special envoy to Ukraine and Russia, retired Lt. Gen. Keith Kellogg, met with Zelensky in Kyiv on Monday. Zelensky said he had 'a productive conversation' with Kellogg about strengthening Ukrainian air defenses, joint arms production and purchasing US weapons in conjunction with European countries, as well as the possibility of tighter international sanctions on the Kremlin. 'We hope for the leadership of the United States, because it is clear that Moscow will not stop unless its ... ambitions are stopped by force,' Zelensky said on Telegram. Talks on sending Patriot missiles Russia has pounded Ukrainian cities, including the capital, Kyiv, with hundreds of drones and cruise and ballistic missiles that Ukraine's air defenses are struggling to counter. June brought the highest monthly civilian casualties of the past three years, with 232 people killed and 1,343 wounded, the UN human rights mission in Ukraine said. Russia launched 10 times more drones and missiles in June than in the same month last year, it said. At the same time, Russia's bigger army is making a new effort to drive back Ukrainian defenders on parts of the 1,000-kilometer (620-mile) front line. Trump confirmed the US is sending Ukraine more badly needed Patriot air defense missiles and that the European Union will pay the US for the 'various pieces of very sophisticated' weaponry. While the EU is not allowed under its treaties to buy weapons, individual EU member countries can and are, just as NATO member countries are buying and sending weapons. Germany has offered to finance two Patriot systems, government spokesperson Stefan Kornelius said Monday in Berlin. As far as other European countries financing more systems is concerned, that would have to be seen in talks, he said. German Defense Minister Boris Pistorius was traveling to Washington on Monday to meet with Defense Secretary Pete Hegseth. Germany has already given three of its own Patriot systems to Ukraine, and Pistorius was quoted as saying in an interview with the Financial Times that it now has only six. 'Weapons flowing at a record level' A top ally of Trump, Republican Sen. Lindsey Graham of South Carolina, said Sunday that the conflict is nearing an inflection point as Trump shows growing interest in helping Ukraine fight back against Russia's full-scale invasion. It's a cause that Trump had previously dismissed as being a waste of US taxpayer money. 'In the coming days, you'll see weapons flowing at a record level to help Ukraine defend themselves,' Graham said on CBS' 'Face the Nation.' He added: 'One of the biggest miscalculations Putin has made is to play Trump. And you just watch, in the coming days and weeks, there's going to be a massive effort to get Putin to the table.' Kirill Dmitriev, Putin's envoy for international investment who took part in talks with US officials in Saudi Arabia in February, dismissed what he said were efforts to drive a wedge between Moscow and Washington. 'Constructive dialogue between Russia and the United States is more effective than doomed-to-fail attempts at pressure,' Dmitriev said in a post on Telegram. 'This dialogue will continue, despite titanic efforts to disrupt it by all possible means.'
Al Arabiya
3 hours ago
- Al Arabiya
Trump issues Russia deadline as Gaza truce talks enter second week
In this episode of W News, presented by Jono Hayes, we cover US President Donald Trump's warning to Russia: resolve the Ukraine war within 50 days or face sweeping new economic sanctions. Trump also unveiled plans for additional US weapons support for Kyiv. We also report on the faltering Gaza ceasefire talks, now in their second week. Mediators in Qatar are struggling to bridge the gap between Israel and Hamas, as both sides accuse each other of stalling a deal for a 60-day truce and hostage release after 21 months of war. Guests: Nick Harper – Correspondent John Kavulich – Senior Editor for Outcome Modeling Analysis at Issue Insight Blake Sifton – Correspondent Patrick Fok – Correspondent
