CRYPTOCURRENCY NEWS PORTAL

Democratic Senators Remove Trump-Targeting Provisions In Push To Pass Stablecoin Bill | ZeroHedge

The US Senate could pass a key bipartisan stablecoin bill as soon as next week after removing language targeting President Donald Trump and his family’s sprawling crypto interests.

As Jesse Coghlan reports below for CoinTelegraph, Republican Senator Cynthia Lummis said onstage at an event by Coinbase’s lobbying arm, Stand With Crypto, that she thinks it's a “fair target” to have the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS (more…)

Continue ReadingDemocratic Senators Remove Trump-Targeting Provisions In Push To Pass Stablecoin Bill | ZeroHedge

Is ‘Soft’ Survey Data About To Explode Higher? | ZeroHedge

For all the terrified FUD being spread that 'soft' sentiment surveys are the real deal and 'hard' data is simply not reflecting the terrible Trump-tariff-driven economic chaos… yet… it appears the establishment economists may have to rethink their ideas as – just like in Q2 2023 – 'soft' survey data is starting to reverse higher as 'hard' data refuses to bend the knee to the terror…

Source: Bloomberg

The jump this morning was (more…)

Continue ReadingIs ‘Soft’ Survey Data About To Explode Higher? | ZeroHedge

US Factory Production Tumbled In April, But… | ZeroHedge

Headline industrial production held steady in April, driven by utilities production, while manufacturing production declined 0.4% due to decreased production of vehicles and nondurable goods.

Source: Bloomberg

The 0.4% decrease in manufacturing production (followed an upwardly revised 0.4% gain a month earlier) was the first decline since October 2024 and worse than the expected 0.3% decline…

Source: Bloomberg

However, as the chart above shows, (more…)

Continue ReadingUS Factory Production Tumbled In April, But… | ZeroHedge