Reports indicate a potential economic slowdown in America coinciding with Trump's presidency, driven by protectionist policies and erratic decision-making. Early analysis suggests that Trump's arrival at the White House may be both causing and correlating with economic weakness, contrasting with his inaugural promise of American prosperity.
The US Government's announcement to purchase cryptocurrencies with taxpayer money contradicts crypto advocates' previous claims about independence from government control. The move suggests a potential last-resort effort to sustain crypto prices as the speculative bubble may be nearing its end, raising concerns about widespread economic impact.
A massive $1.5B hack at Bybit cryptocurrency exchange marks a shift from smart contract vulnerabilities to operational security failures, attributed to North Korean state actors. The attackers compromised multiple signers' devices and manipulated wallet interfaces, highlighting the urgent need for enhanced operational security measures in the cryptocurrency industry.
Cryptocurrency exchange Bybit faced a significant security breach with $1.46 billion in suspicious outflows, marking potentially the largest crypto hack in history. The incident involved the transfer of 401,346 ETH and other staked ether variants to a new wallet, which is now liquidating assets on decentralized exchanges. CEO Ben Zhou confirmed the hack while assuring that other cold wallets remain secure and withdrawals are functioning normally.
NASA's workforce has decreased by approximately 10% in the past four weeks, with around 750 employees accepting deferred resignations and over 1,000 probationary employees being terminated. Field center directors have been instructed to prepare for potential additional significant workforce reductions, pending budget negotiations between the White House and Congress.
Argentine president Javier Milei promoted a memecoin called Libra that reached a $4.4 billion market cap before crashing 95%. After alleged insiders pocketed $87M through liquidation, Milei deleted his promotional tweet and claimed he wasn't aware of the project's details. The incident caused ripple effects across the memecoin market, including a $500M drop in TRUMP token's value.
Nuclear safety employees laid off by the US government last Thursday are being sought for rehire, but communication challenges are hampering the process. The layoffs were part of President Trump's broader initiative to reduce federal workforce, which has already led to 10,000 terminations and 75,000 voluntary departures.
The Trump administration's proposal to reduce NIH grant funding for indirect costs to 15% would significantly impact medical research institutions nationwide, potentially cutting $4-5 billion annually. Major research universities and hospitals could face individual losses exceeding $100 million per year, affecting their ability to maintain research infrastructure and continue current research levels. The policy change could particularly affect complex research areas like genetics and disproportionately impact institutions in states like North Carolina, Missouri, and Pennsylvania.
The Trump administration's sudden freeze on USAID funding and subsequent agency dismantling has severely disrupted global tuberculosis control efforts, affecting diagnosis, treatment, and research programs worldwide. As USAID accounts for approximately one-third of international TB funding ($406 million in 2024), the freeze has forced the closure of critical TB services in high-burden countries, leaving patients without access to essential medications and diagnostics. Multiple lawsuits have been filed against the administration while experts warn about potential increases in drug-resistant TB cases and heightened risks to global public health.
An analysis of a retraction request from Anchorage Digital's CEO regarding an article about debanking in the crypto industry, examining the validity of claims and professional conduct in financial journalism. The piece defends its original analysis while highlighting the broader implications of bank-crypto relationships and regulatory compliance.