Bitcoin soars, nearing $50,000 for the first time
CNN
Bitcoin is this close to $50,000, continuing a stunning rise that has sent it soaring nearly $20,000 this year.
The digital currency hit a record $49,714.66 Sunday before pulling back somewhat. Bitcoin is still up about 4% over the past 24 hours. Investors have sent the price of bitcoin skyrocketing during the pandemic as the Federal Reserve cut interest rates to near zero in March 2020 (and expects to keep them there for several more years), severely weakening the US dollar.
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The Trump administration on Tuesday filed a lawsuit against all 15 federal judges in Maryland over an order blocking the immediate deportation of migrants challenging their removals, ratcheting up a fight with the federal judiciary over President Donald Trump’s executive powers.
CIA Director John Ratcliffe on Wednesday said in a statement that the agency had obtained “a body of credible evidence [that] indicates Iran’s Nuclear Program has been severely damaged” by recent strikes, underscoring a broad intelligence community effort is ongoing to determine the impact of the US strikes on three of the country’s nuclear sites on Saturday.
Ecuador’s most wanted man and leader of the Los Choneros gang, Jose Adolfo Macias, was captured on Wednesday, according to the country’s President Daniel Noboa.
White House’s DOGE spending cuts request runs into criticism, questions from some Senate Republicans
The head of the White House budget office on Wednesday defended the Trump administration’s push to enact sweeping cuts to federal funding, even as some Republican senators voiced concerns and raised questions about the breadth of them.
Kilmar Abrego Garcia will remain in federal custody, at least for a few more days.
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After a stunning NYC primary, Democrats try to embrace Zohran Mamdani’s energy if not always his ideas
A federal judge on Tuesday indefinitely blocked President Donald Trump’s effort to terminate the collective bargaining rights for more than a million federal employees.
The Justice Department has charged a man accused of throwing Molotov cocktails at a group of people demonstrating in Boulder, Colorado, in support of Israeli hostages with committing hate crimes.
The US Navy and Air Force are expected to announce the establishment of two additional military zones along the US southern border this week, three US officials told CNN.
US Rep. LaMonica McIver pleaded not guilty Wednesday to federal charges accusing her of assaulting and interfering with immigration officers outside a New Jersey detention center during a congressional oversight visit at the facility.
An American Airlines jet returned to Las Vegas after reporting an engine issue on Wednesday.
The moment Andrew Cuomo said he had called Zohran Mamdani to concede the race, Kal Penn stopped mid-sentence. The actor and activist is also a family friend who has known Mamdani since he was 14, and he was speechless.