On Monday, Elon Musk and former President Donald Trump held a highly anticipated interview, tackling various subjects including inflation, trade, and nuclear energy.
However, they notably avoided discussing cryptocurrencies, disappointing the crypto community, which had hoped for insights from the two figures closely associated with the industry.
Just before the interview aired, Musk’s social media platform, X, experienced a significant DDoS attack despite having conducted thorough stress tests the day prior. The platform was inundated with traffic, with around 8 million users simultaneously tuning in to watch the interview.
During their discussion, Musk proposed the creation of a “government efficiency commission” and expressed his willingness to join it if Trump were to form one. Trump appeared receptive to this idea.
Additionally, the conversation touched on critical issues like inflation, with Trump criticizing the Biden administration for its handling of economic challenges, and Musk highlighting delays in the FDA’s drug approval processes. Musk also reiterated his concerns about attempts to enforce censorship globally.
This interview marked a new chapter in Musk’s relationship with Trump, who had previously advised him on electric vehicles and crypto policies. Musk’s interactions with the Biden administration have been strained, particularly over regulatory disputes involving the SEC and the crypto industry.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.
A new report by the European Central Bank (ECB) reveals that digital payment methods continue to gain ground across the euro area, though cash remains a vital part of the consumer payment landscape — particularly for small-value transactions and person-to-person (P2P) payments.