Trump-Backed American Bitcoin Plunges 40% on Heavy Volume, Dragging Hut 8 Lower by 12%

admin December 2, 2025 Leave a Comment

The collapse marks yet another disappointing Trump family crypto-related investment.

Discover more from Stay Updated Finance News

Subscribe to get the latest posts sent to your email.

Author: admin

UK will not be haven for dirty money, Lammy to say in corruption crackdown December 7, 2025
Exclusive: Justice secretary to announce measures aimed at countering illicit finance as well as bribery in public servicesThe UK will no longer be a haven for dirty money and dictators’ laundered assets, David Lammy is to promise as he announces a new anti-corruption strategy also aimed at tackling bribery and other misconduct across government and […]
HyperVerse promoter ‘Bitcoin Rodney’ accuses Australian Sam Lee in US court of duping him with ‘elaborate deception’ December 4, 2025
Rodney Burton says in Maryland district court memorandum he acted in good faith when promoting scheme that allegedly defrauded investors of US$1.89bn, but Lee calls claims ‘baseless’A key promoter of an alleged global $3bn Ponzi scheme claims in newly filed US court documents he was trapped by an “elaborate” fraud orchestrated by Australian Sam Lee, […]
Crypto investor gives £9m to Reform UK as donations exceed those to Tories December 4, 2025
Christopher Harborne’s record gift revealed in Electoral Commission figures prompts renewed calls for cap on political donationsNigel Farage’s Reform UK party has received a £9m donation from Christopher Harborne, a leading cryptocurrency investor, as well as £50,000 from the wife of the owner of the Daily Mail.Harborne, who also has interests in defence and aviation […]
Eric Trump’s cryptocurrency firm tumbles nearly 40% amid ‘crypto winter’ December 2, 2025
American Bitcoin Corp’s shares fell from $2.39 to $1.90 after closing in what some are calling ‘crypto winter’Shares in Eric Trump’s crypto mining business lost nearly 40% of their value in less than 30 minutes on Tuesday.The nosedive of American Bitcoin Corp, which triggered repeated trading halts, followed the steep decline of many cryptocurrencies and […]
Key aide to Nigel Farage was frontman for Premier League billionaire’s betting syndicate, lawsuit claims December 2, 2025
Exclusive: George Cottrell ‘gave control’ of gambling accounts to syndicate headed by Tony Bloom, the owner of Brighton & Hove Albion FCGeorge Cottrell, a close associate of Nigel Farage and a key figure in Reform UK’s inner circle, acted as a front for a major gambling syndicate that was “given control” of his betting accounts, […]

Leave a Reply Cancel reply

How Stablecoins Can Help Criminals Launder Money and Evade Sanctions December 7, 2025
Through layers of intermediaries, stablecoins can be moved, swapped and mixed into pools of other funds in ways that are difficult to trace, experts say.
I Let Reddit Choose My Wedding Dress — and They Got It Right December 7, 2025
Sometimes it’s easier to talk to strangers, which might explain why the platform has become an increasingly popular resource for wedding planning.
It’s Not Just You. Users Struggle With the Instagram Repost Button. December 7, 2025
The new repost option, sandwiched between comment and share, has led to consternation and accidental reposts by some users.
Rebecca Heineman, Transgender Video Game Pioneer, Dies at 62 December 6, 2025
Fleeing an abusive home life, she went on to win a national Space Invaders tournament, taught herself to program and left a trail of popular games in her wake.
Netflix to Buy Warner Bros in $83 Billion Deal December 5, 2025
The deal to acquire the Hollywood behemoth’s television and film studios as well as HBO Max will bulk up the world’s biggest paid streaming service.
EU Hits Elon Musk’s X With $140 Million Fine December 5, 2025
The case over online transparency has become a point of contention between the European Union and the Trump administration.
New York Times Sues A.I. Start-Up Perplexity Over Use of Copyrighted Work December 5, 2025
Filed in federal court on Friday, the suit joins more than 40 other court disputes between copyright holders and A.I. companies.
How Batteries Got Cheaper and Made the Electric Grid More Reliable December 5, 2025
An early grid battery was installed in the Atacama Desert in Chile 15 years ago. Now, as prices have tumbled, they are increasingly being used around the world.
OpenAI Calls a ‘Code Red’ + Which Model Should I Use? + The Hard Fork Review of Slop December 5, 2025
“For OpenAI to realize its ambitions, it is not going to be enough for them to make a model that is as good as Gemini 3. They need to be able to leapfrog it again.”
Meta Weighs Cuts to Its Metaverse Unit December 4, 2025
Meta plans to direct its investments to focus on wearables like its augmented reality glasses but does not plan to abandon building the metaverse.
A.I. Deal Making Is Getting Faster December 4, 2025
Investors are deciding within 15 minutes whether to shovel millions into A.I. start-ups and taking entrepreneurs weight lifting and rock climbing to get deals done.
His Group Made World-Class Measurements of Atomic Elements December 4, 2025
Yuri Ralchenko led one of the oldest teams at the National Institute for Standards and Technology. The fate of some experiments hangs in the air.
Why One Man Is Fighting for Our Right to Control Our Garage Door Openers December 4, 2025
If companies can modify internet-connected products and charge subscriptions after people have already purchased them, what does it mean to own anything anymore?
Bitcoin’s Predicted Sky-High Prices Have Not Panned Out December 3, 2025
Bitcoin has plunged more than 30 percent and Ether is down around 40 percent in recent months, as gains from President Trump’s pro-crypto policies evaporated.
Beta Will Sell Motors to Another Electric Aircraft Company December 2, 2025
The deal with a company owned by Embraer gives Beta Technologies an additional source of revenue as it develops its own electric aircraft.
Silicon Valley Builds Amazon and Gmail Copycats to Train A.I. Agents December 2, 2025
Several new start-ups are building replicas of sites so A.I. can learn to use the internet and maybe replace white-collar workers.
College Students Choosing A.I. Majors Over Computer Science December 1, 2025
At M.I.T., a new program called “artificial intelligence and decision-making” is now the second-most-popular undergraduate major.
Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends December 1, 2025
David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
Hard Fork’s 50 Most Iconic Technologies of 2025 November 28, 2025
“You can’t tell the story of 2025 without these icons.”
The Writer Who Dared Criticize Silicon Valley November 27, 2025
Paulina Borsook’s “Cyberselfish,” which offered dire predictions about the tech world’s love for libertarianism, is finding fans. It only took 25 years.

Trump-Backed American Bitcoin Plunges 40% on Heavy Volume, Dragging Hut 8 Lower by 12%

Related

Discover more from Stay Updated Finance News

Crypto News

Leave a Reply Cancel reply

Tech News

Recent Posts

Recent Comments

Archives

Categories