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Shares of NVIDIA (NVDA), Super Micro Computer (SMCI) and Dell (Dell) plunged on Monday after Singapore said it was investigating whether servers containing banned chips from China have been shipped to Malaysia.
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Bitcoin was again infamously volatile, cutting $10,000 in a day as its price fell from $93,000 to $83,000. This is all due to President Donald Trump’s proposal to establish a strategic cryptocurrency reserve. This is a pivot from his previous attitude of stocking up only bitcoin.
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It is likely that the economy is increasingly speeding while inflation is being extended quickly, as U.S. employers have been shown to have employed U.S. employers have been hiring hard to the slowest pace of last month since July.
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President Donald Trump has announced plans to create a strategic crypto sanctuary that will shift gears from his previous promise to stockpile Bitcoin. Trump’s cryptocurrency reserve consists of Bitcoin, known as “digital gold” because of its ability to hedge inflation, along with ether, the second largest cryptocurrency by market capitalization, XRP, Solana and Cardano.
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The S&P 500 launched a new investor trust on Tuesday, and it hit a sharp hit on Tuesday as it continued selling completely wiped out market profits since President Donald Trump’s election in November.
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NVIDIA (NVDA) shares fell 5.7% on Thursday, raising the decline this year by more than 17% amid concerns over a decline in AI spending. The broader composite index fell by 2.6%.
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President Trump has announced a new proposal for strategic crypto sanctuaries, shifting his focus from Bitcoin-only reserves to a more diverse approach. His plans include a reserve that includes Bitcoin, often called “Digital Gold” for inflation hedging properties, along with Ether, XRP, Solana and Cardano.
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The story continues