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A stopgap funding bill unveiled in Congress includes the "Deploying American Blockchains Act," which aims to bolster U.S. leadership in blockchain technology and establish a National Blockchain Deployment Advisory Committee. This initiative, supported by bipartisan negotiations, seeks to explore blockchain's potential benefits for federal agencies and national security. Meanwhile, President-elect Donald Trump has appointed Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary, positioning him to promote crypto-related technologies in the U.S.
Hedera Hashgraph partners with SpaceX to enhance data tracking for space missions, driving HBAR's price up 310% this year. Meanwhile, Tron experiences a bullish resurgence, doubling its price amid strategic investments, while Lunex Network emerges as a leading DeFi platform, raising over $5 million with innovative cross-chain trading capabilities.
Dogecoin's recent rally, fueled by Elon Musk's influence and increased adoption, has overshadowed Shiba Inu's growth, diverting investor attention and highlighting SHIB's challenges in achieving mainstream utility. Meanwhile, Lightchain AI emerges as a transformative project, integrating AI with blockchain for real-world applications, showcasing a shift towards meaningful innovation in the cryptocurrency space. With its Proof of Intelligence mechanism and focus on sustainability, LCAI positions itself as a promising alternative to speculative meme coins.
Donald Trump has been named Time Magazine's Person of the Year for the second time, recognized for his significant political influence and "comeback of historic proportions." This accolade may bolster his pro-crypto stance, as he aims to position the U.S. as the "crypto capital of the planet" and integrate Bitcoin into national financial strategy. Trump's administration promises to reshape crypto regulation favorably, with the recent appointment of Paul Atkins as SEC Chair seen as a move towards a more supportive regulatory environment for the industry.
Dogecoin is poised for a potential surge to $4 if it maintains critical support above $0.35, according to a TradingView analyst. The ongoing support from Tesla CEO Elon Musk is seen as a key catalyst for this bullish trend, with the analyst noting that Dogecoin's market patterns suggest a repeat of past price rallies. While expressing skepticism about most altcoins, the analyst believes Dogecoin's community and Musk's backing position it as a strong contender in the cryptocurrency market.
America faces a critical choice in the race for space-based solar power (SBSP), a technology that could revolutionize energy production by beaming solar energy from space to Earth. With China advancing rapidly towards a prototype by 2030, U.S. leadership hinges on establishing a coordinated national program to harness this transformative energy source, which promises energy independence and economic growth. Urgent action is needed to secure a competitive edge and prevent reliance on foreign technology.
Donald Trump's incoming administration is set to feature a roster of ultra-wealthy appointees, including Elon Musk, who will co-lead an advisory group aimed at reducing government waste. With an average net worth of $616 million among Trump and his top picks, this administration could surpass the previous one, where the total wealth of Biden's Cabinet was estimated at $118 million. The influx of billionaires raises concerns about potential financial and ethical conflicts, as well as the impact on Trump's populist appeal.
NASA Administrator Bill Nelson expressed optimism about the agency's future under Jared Isaacman, President-elect Trump's nominee, despite anticipated changes to the Artemis program. Nelson highlighted the importance of maintaining a reliable path to lunar exploration, while Isaacman's ties to SpaceX raise questions about potential shifts in mission architecture. Industry leaders praised Isaacman's passion and experience, suggesting a focus on commercialization and collaboration with private companies to enhance NASA's efforts.
Donald Trump’s return to the White House on January 20, 2025, is expected to significantly impact various sectors, including increased funding for ICE detention centers and potential volatility in defense stocks due to efficiency drives. Pro-gun policies may benefit companies like AMMO, Inc. and Smith & Wesson, while the pro-cryptocurrency stance could favor firms like MicroStrategy. Additionally, looser regulations may boost major banks, and Trump's energy policies could lead to increased oil production, affecting global prices.
Elon Musk's influence is shaping the political landscape as President-elect Donald Trump prepares his administration, according to Jim Cramer. The recent surge of Bitcoin past $100,000 reflects the financial market's volatility linked to this political shift, highlighting Musk's significant role in the unfolding scenario.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Congress includes crypto initiatives in stopgap funding bill to avert shutdown
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