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Time of India
4 days ago
- Business
- Time of India
KILLBILL memecoin explodes 1,300% after Elon Musk tells America to kill the bill and slams Donald Trump's policies
A Crypto Coin KILLBILL Inspired by Political Drama Live Events Rapid Growth, But No Official Ties to Elon Musk FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Amid billionaire Elon Musk and the US president's public fallout, a new Solana-based memecoin named Kill The Bill (KILLBILL) has surged over 1,300% within 24 hours of its launch, as per a report. The rally appears to be fuelled by a social media X (previously Twitter) post from Musk urging Americans to reject Trump's massive federal spending bill, as per The coin, which launched about 24 hours ago on the Solana memecoin platform PumpSwap, is named after Quentin Tarantino's cult classic film 'Kill Bill', reported The Street. But here the 'bill' refers to Trump's 1,100-page 'One Big Beautiful Bill', a sweeping measure that includes a potential $2.4 trillion increase to the national debt ceiling, as per the READ: Donald Trump and Elon Musk to make peace after bitter clash? Feud may be over as early as today Musk, who has become increasingly vocal in his criticism of government overspending, warned earlier this week that passing the bill would push the country closer to financial ruin. Musk warned his 180 million X followers, saying, 'If this bill is passed, it will bankrupt the country,' quoted The Tesla CEO also said, 'Call your Senator. Call your Congressman. Bankrupting America is NOT ok! KILL the BILL," as quoted in the after, Jeff Parks of Bitwise added fuel to the fire by posting a photo of the 'Kill Bill' movie poster, replacing the lead character's face with Musk's, according to The there is no proof to indicate that Musk is connected with the KILLBILL token , as of June 5, KILLBILL had 4,325 holders and net buys of over $57,000, reported The a newly launched memecoin built on Solana, inspired by Elon Musk's call to reject a federal spending There's no evidence Musk is involved in the token's creation or promotion, investors are simply piggybacking off his viral comments.
Time of India
12-05-2025
- Business
- Time of India
May 15 could be a crucial day for Nvidia; here's why CEO Jensen Huang might track every moment
Donald Trump's AI Policy in the Spotlight Jensen Huang's Call for Global AI Diffusion Live Events FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel While investors are curious about the Trump administration's release of its new rule on AI diffusion, Nvidia CEO Jensen Huang has issued a warning that America needs to hurry its worldwide expansion of AI or the US may lose ground to China, as per a the White House planning to release its new AI policy on May 15, Silicon Valley's tech leaders have discussed the policies with US president Donald Trump, suggesting he make some changes, according to The former US president Joe Biden had started the AI diffusion rule before leaving office in January this year, tech leaders have voiced out their concerns that its restrictions on who they can sell AI chips to could compromise their company's growth, as per the report. The White House had justified its move as a necessary step to protect US national security by preventing deals with hostile nations, but much of Silicon Valley remained unconvinced, as per the since US president Donald Trump started his second term, both he and vice president JD Vance have shown support for policies directed toward boosting AI growth, and have indicated that they believe less regulation is necessary, reported The also voiced out his take on AI policy, by saying, 'We need to accelerate the diffusion of American AI technology,' adding that he saw this as being necessary on a global scale, as quoted in the to him, the Trump administration's policies must support AI diffusion as a global necessity that extends far beyond the United States, reported The Nvidia CEO said, 'I'm not sure what the new diffusion rule is going to be, but whatever it turns out to be, it really has to recognize that the world has changed fundamentally since the previous diffusion rule was released,' as quoted in the also mentioned that he believes China's AI growth has started to reach close to the United States level in terms of tech market dominance, citing the example of Huawei as it has planned to start testing its latest AI chip, which may be even more powerful than Nvidia's chips, as per the emphasized that, 'China is right behind us,' and added that it is 'very, very close' to catching up with the US and also mentioned that the country needs to take action to remain at the top of the global AI market , reported The fears that the current regulations may limit global sales of AI chips, hampering US companies' growth and giving China an opportunity to catch up in AI May 15, the Trump administration will reveal its updated AI diffusion rule, a major development that could shape the future of US AI regulation.
