Trump Media raises $2.44 billion for Bitcoin treasury plan
Trump Media & Technology Group Corp. secured approximately $1.44 billion through stock sales and $1 billion in convertible bonds, earmarking the funds to establish a Bitcoin treasury. Following the announcement, the company's shares experienced a rise, with the deal providing over $3 billion in liquid assets and Bitcoin exposure to shareholders. Crypto.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
40 minutes ago
- Time of India
Bitcoin crashes to $115,000 after record high as $500 million liquidation shock hits crypto
Bitcoin's sharp reversal catches traders off guard Live Events Why is crypto falling after hitting records? Macroeconomic anxiety. Inflation prints remain stubborn, and investors are recalibrating their expectations around Federal Reserve rate cuts. With lower odds of near-term easing, risk assets like Bitcoin are taking the hit. The psychology here is straightforward—if liquidity stays tight, speculative markets tend to retrace. Profit-taking after records. Bitcoin's run to new highs lured in traders chasing momentum. Once those peaks were reached, larger holders—so-called whales—locked in profits, triggering a cascade of stop-loss orders that snowballed into the liquidation wave we're seeing. Crypto market reels: Ethereum, XRP join brutal sell-off $1B wipeout: Bitcoin dives shaking entire crypto market What this means for investors right now Short term outlook: With liquidation volumes spiking and sentiment turning cautious, the market could remain volatile over the next 24–48 hours. Quick rebounds are possible, but traders should expect whipsaw action as leverage resets. With liquidation volumes spiking and sentiment turning cautious, the market could remain volatile over the next 24–48 hours. Quick rebounds are possible, but traders should expect whipsaw action as leverage resets. Medium term view: Historically, Bitcoin corrections of 5–10% after breaking records are not unusual. If support holds above the $110,000 range, many analysts would still classify this as a consolidation phase rather than a reversal of the bull trend. Historically, Bitcoin corrections of 5–10% after breaking records are not unusual. If support holds above the $110,000 range, many analysts would still classify this as a consolidation phase rather than a reversal of the bull trend. Risk factor: The macro backdrop—particularly the Fed's signaling—remains the wild card. A hawkish tilt in September could extend pressure, while any dovish hints may quickly restore risk appetite. Implications beyond Bitcoin What to watch next Key support levels: $112,000 and $110,000 are technical markers traders are eyeing. A break below could intensify selling pressure. $112,000 and $110,000 are technical markers traders are eyeing. A break below could intensify selling pressure. Fed communication: Any upcoming speeches or minutes will be scrutinized for rate cut clues. Any upcoming speeches or minutes will be scrutinized for rate cut clues. Derivatives reset: Once leveraged positions are flushed, spot buying could reassert itself, potentially stabilizing prices. FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bitcoin slipped under the $115,000 mark today, erasing part of its recent record-breaking surge as a sudden liquidation wave swept through the crypto market. More than half a billion dollars in leveraged positions were flushed out in hours, amplifying the drop and dragging Ethereum, XRP, and other major tokens down with say the pullback reflects a mix of profit-taking by whales and growing macroeconomic unease, with investors reassessing expectations for Federal Reserve rate cuts. While bulls frame the move as a healthy reset, the steep reversal is a stark reminder of how quickly sentiment can flip in crypto's high-risk days after breaking into fresh record territory, Bitcoin has stumbled back to, shedding nearly 3% from its intraday peak of $118,423. The sudden drop is not just about price charts—it's tied to a broader shift in sentiment. Overacross the crypto market were wiped out within hours, underscoring how fragile momentum can be when traders lean too heavily on many retail investors, the move feels abrupt. Yet seasoned market watchers will recognize the familiar pattern: sharp rallies often invite equally sharp corrections. This time, however, the sell-off is layered with deeper concerns about primary forces are driving the retreat:Ethereum, XRP, and other large-cap tokens are echoing the move, suggesting this isn't just a Bitcoin-specific story but part of a broader de-risking cycle., with traders rushing to unwind leveraged bets amid mounting macroeconomic than, underscoring just how fragile sentiment remains after weeks of euphoric gains. What began as profit-taking by large holders quickly snowballed into a broader sell-off, leaving retail investors rattled and reminding the market that even in bull runs, volatility is never far behind.A staggeringas Bitcoin plunged to, triggering one of the sharpest shakeouts since its record began as routine profit-taking quickly escalated into a, fueled by jittery macro sentiment and fading hopes of swift Federal Reserve rate wipeout not only highlights the fragility of Bitcoin's rally but also exposes how tightly the broader digital asset market remains tethered to global economic obvious question:Crypto's pullback is not happening in a vacuum. Equity futures have also wobbled as investors digest inflation data and reassess interest rate bets. The correlation between Bitcoin and traditional markets—once dismissed by purists—is becoming harder to the dollar strengthens or Treasury yields rise, Bitcoin increasingly behaves like a high-beta tech stock rather than an uncorrelated shift matters for portfolio managers who once sold Bitcoin to clients as a diversification play. Instead, it's proving to be a leveraged expression of broader market now, the narrative is clear: after racing to records, Bitcoin is cooling under the weight of macro headwinds and opportunistic profit-taking. Whether this is a short pause or the start of a broader unwinding will hinge less on crypto hype and more on the Federal Reserve's next dropped below $115K as liquidation waves, profit-taking, and Fed rate cut worries triggered a sharp market and XRP also plunged as Bitcoin's decline sparked a wider crypto market sell-off.
Time of India
2 hours ago
- Time of India
'At your age, I was earning much less — you should be happy with what you're getting,' says Indian manager: Does the Indian scarcity mindset clash with US office norms?
A Reddit post recently sparked attention when an employee recounted asking their Indian manager for a raise — only to be told, 'At your age, I was earning much less — you should be happy with what you're getting. ' The remark was far from a casual aside; it triggered a broader conversation about whether certain managerial practices of Indians in US workplaces could negatively affect employees. From terse interview exchanges to subtle, everyday biases, employees depicted managers whose conduct weighed heavily on overall workplace morale and engagement. 'It's honestly exhausting to deal with managers like this. Instead of building people up, they drag everyone down with their bitterness and toxic mindset,' the same user reflected. The discussion thread quickly swelled with narratives underscoring experiences of authority, personal insecurities, and generational conditioning. For many, it posed a pressing question: Are these behaviors isolated incidents, or do they indicate a recurring style that can leave employees drained? Not one manager, but many: Why toxic patterns keep repeating at work Several Reddit users recounted experiences hinting at systemic patterns rather than singular occurrences. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Compare Spreads: Bitcoin vs Ethereum CFDs IC Markets Learn More Undo One described an interview in which a manager dismissed their answer as 'the worst I have ever heard' and asked them to reconsider it, only to subsequently extend a job offer. Another user highlighted a dissonance between seniority and compensation: 'If you are older, he'll tell you — you are very senior — you are expected to perform at a senior level, while paying you a junior-level salary.' These testimonies suggest repeated behaviors that employees found frustrating and taxing, leaving a lasting impact on workplace dynamics and overall employee wellbeing. Yet, looking at these anecdotes as mere oddities would be a mistake. They map onto what one repeatedly hears in corporate hallways — a style of management that prizes control over collaboration, hierarchy over mentorship. Cultural and historical influences on management Some linked these behaviors to cultural and historical influences. While the notion of a 'scarcity mindset' has been discussed online, many emphasized that managerial conduct can be shaped by a complex blend of upbringing, competitive pressures, and hierarchical norms. One Reddit user wrote, 'The roots of bad middle management are in the scarcity mindset that gets embedded in all Indians when you grow up in India. Makes you see the world as a zero-sum game — someone needs to lose in order for someone else to win.' This mindset emerges from growing up in environments where resources and opportunities were limited, and advancement often required outcompeting others. It can foster a heightened sense of risk aversion, a protective approach to personal gains, and a belief that for someone to succeed, another must lose — attitudes that, when carried into workplaces, can influence managerial decisions and employee interactions. Culture clash or common flaw? Why it's not just about Indian managers Attributing this behaviour purely to cultural conditioning risks missing another point: Indian managers in multinational workplaces often straddle two worlds. On the one hand, they inherit habits of caution, deference to hierarchy, and scepticism born of scarcity. On the other, they face Western corporate cultures that reward openness, flat structures, and recognition. The friction between the two can produce managerial habits that appear abrasive, defensive, or excessively controlling to employees. Several Redditors cautioned against broad generalizations. 'You are exhibiting the same mentality then. You are typecasting all Indians in the same bracket. And that's wrong,' one remarked. Another added, 'I've had managers considered as typical Americans make similar comments. This is not about race or ethnicity but about this manager. Stop stereotyping entire communities.' Insecure or dismissive managerial styles are not confined to any single culture. It is worth remembering that while some patterns may reflect cultural residue, others are universal human failings — insecurity, fear of being outshone, or reluctance to share credit. When those traits coincide with cultural baggage, the outcome feels amplified. That is why generalisations, tempting as they are, flatten nuance and unfairly paint every Indian manager with the same brush. The key lies in identifying patterns that may affect employee engagement and wellbeing without resorting to sweeping assumptions, while establishing frameworks that promote accountability, constructive feedback, and sustainable mentorship. Bottom line: Bad management isn't an ethnic trait These narratives, while anecdotal, illuminate the complexities of workplace dynamics under Indian managers in US offices. For employees, the stories underscore the importance of navigating managerial interactions with awareness while advocating for fairness, transparency, and support. For organizations, they highlight the need to foster leadership that balances experience with empathy, and authority with mentorship. If there is a lesson in these stories, it is this: Bad management is not an ethnic trait, but when cultural habits meet unchecked authority, the outcome can feel distinctly patterned. Recognising this — without caricaturing — is the first step toward healthier workplaces. TOI Education is on WhatsApp now. Follow us here. Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
2 hours ago
- Time of India
XRP crashes big 6% today: Whales scoop 440M XRP despite retail panic – doom or hope ahead, what's next for Ripple?
XRP's sudden 6% drop has rattled the crypto market, pulling the token back toward the $3.00 mark after briefly testing $3.14 earlier in the session. For everyday investors, the move looks alarming, but seasoned traders see a more complex picture taking shape. While retail holders rushed to cut losses, blockchain data shows whales quietly amassing over 440 million XRP during the sell-off. That divergence raises the key question: is this dip simply fear-driven noise before another push higher, or a warning sign that deeper trouble lies ahead for XRP in the coming weeks? by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo Why did XRP suddenly drop today? XRP slid nearly 6% in the past 24 hours, slipping back toward the $2.95–$3.00 zone after briefly touching $3.14 earlier in the session. The drop came in lockstep with the broader crypto sell-off, sparked by renewed concerns over U.S. Federal Reserve policy and heavy selling pressure in Bitcoin and Ethereum. Live Events Trading volumes surged 18% during the decline, according to CoinMarketCap, suggesting that smaller retail investors were panic-selling while bigger players quietly scooped up tokens. What are whales doing with XRP right now? Blockchain trackers show that whales have been unusually active despite the market jitters. Between August 12 and 15, more than 440 million XRP—worth about $3.8 billion—flowed into whale-controlled wallets. On August 15 alone, 120 million tokens were absorbed, even as XRP's market cap shed almost $10 billion. That's not the footprint of investors running for the exit—it's accumulation in plain sight. For seasoned traders, this is a familiar playbook: buy when fear dominates. As supply on exchanges thins, liquidity tightens, setting the stage for stronger upside once sentiment shifts. Is XRP ready for a rebound—or more pain? The $3.00–$3.10 support band has become the battleground. If buyers defend that line, XRP could attempt another climb toward the $3.20–$3.35 resistance range. Break above it, and chartists such as Peter Brandt see room for a rally of up to 60%, with price targets stretching toward $4.47 in the months ahead. But the risks are just as clear. If $3.00 fails, XRP could unwind to $2.70—or worse, $2.50, levels last seen earlier this summer. A symmetrical triangle on the 4-hour chart signals a breakout is imminent, though the direction remains uncertain. Short-Term XRP Data (Today) XRP dropped around 6% , trading near $2.95–$3.00 . Intraday high touched $3.14 before reversing. Key support sits at $3.00–$3.10 . Resistance zone remains $3.20–$3.35 . Whale activity absorbed 120M+ XRP in the past 24 hours. Retail selling pressure pushed daily volume up nearly 18% . Symmetrical triangle on charts signals a breakout soon. Long-Term XRP Outlook Sustaining above $3.35 could open a rally toward $4.00–$4.50 . A confirmed breakout may even target $4.47 in the coming months. Failure to hold $3.00 risks a slide to $2.70 or $2.50 . Whale accumulation suggests confidence in long-term growth. XRP's non-minable design limits passive income but secures scarcity. By 2025, projections hint at $5–$7 if adoption accelerates. Longer-term scenarios for 2030 show potential for double-digit levels if Ripple's banking partnerships expand. Are XRP holders shifting to Solana platforms? In retail communities, a curious trend has emerged: talk of 'SolMining.' While Solana doesn't actually support mining, the term is shorthand for yield-chasing in staking or Solana-linked investment platforms. The chatter reflects frustration among small XRP holders, who face limited passive income opportunities since XRP is not minable. During drawdowns, rival ecosystems offering staking rewards often look more attractive. What's next for XRP in the short run? Bullish case: A clean breakout above $3.35 could spark momentum toward $3.66, with $4.00–$4.50 in play by Q4. Bearish case: Losing $3.00 could trigger stop-loss cascades, dragging price to $2.70 or lower. Neutral case: Sideways chop between $3.00 and $3.35 until macro events—such as Fed commentary or SEC-related developments—reset market sentiment. What does this mean for long-term holders? The split between whale confidence and retail panic isn't new. A similar pattern unfolded in late 2020, when XRP crashed under the weight of Ripple's SEC lawsuit only to rebound months later as regulatory clarity improved. Once again, whales seem willing to wait, while smaller traders grow restless. Price forecasts vary wildly. CoinCodex expects XRP to stay between $2.90–$3.53 through year-end. Barron's points to $5–$7 by 2025 if adoption tailwinds continue, while more aggressive calls from Benzinga and IndiaTimes envision double-digit valuations by 2030. Skeptics, especially on Reddit, remain unconvinced of anything above $10. XRP: Moon or doom? For now, XRP sits on a knife's edge. Holding the $3.00 level could preserve bullish momentum and pave the way for a rebound. A breakdown risks handing the bears control. For everyday investors, the real question is less about the next candle and more about conviction: do you buy into Ripple's long-term vision for cross-border payments—or are you simply chasing another hype cycle? FAQs: Q1. Why did XRP price drop today? XRP dropped 6% due to wider crypto market pressure and investor panic-selling. Q2. What are whales doing with XRP now? Whales are accumulating millions in XRP, signaling long-term confidence despite the dip.
