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Elon Musk's anti-Trump meltdown yesterday is revelatory for a number of reasons: the inevitable clash of two Alphas; the tech-bro's arrogance about government meeting the hard reality of bare-knuckle politics; the problem of having an outlet for impulsive expressions of rage that may take a lifetime to overcome; and more. Give a listen.
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Donald Trump has sought to downplay his public spat with Elon Musk, which erupted days after he left the president's administration. In an interview after hours of sparring, Mr Trump said things were 'going very well'. White House aides are reported to have arranged a call between the two men to broker a peace.
Also, we'll talk to the Danish politician who wants the European Union to ban children under the age of 15 from accessing social media.
And Jane Birkin’s original Hermès bag to go on sale in Paris.
(Photo credit: Reuters)
An exhibit at the Museum of Natural and Cultural History in Eugene, Oreg. assembles works by Native LGBTQ2 artists that express this moment in time. It is among the hundreds of events, including parades and panel discussions, to mark Pride Month. This year’s push for awareness will have to go on without acknowledgement by the federal government, which is foregoing any mention of Pride. And the annual report by the advocacy group, GLAAD, notes that while violent incidents against gay and lesbian people are down as a whole in the past year, attacks against trans citizens has significantly increased. We’ll check on the status of Native Pride.
Plus, we'll get career highlights of the late actor Jonathan Joss (Comanche and White Mountain Apache) who died this week. The gang goes over May production updates from major public miners. Plus, how many bitcoin treasury companies is too many?
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Welcome back to The Mining Pod! Today, Will, Colin and Matt talk about May mining production numbers from major players like CleanSpark, Riot, and Marathon; the explosive growth of corporate Bitcoin treasury companies following MicroStrategy's playbook; and CoreWeave’s $7 billion deal with Applied Digital. Plus, for this week’s cry corner, silver just hit a 13-year high, but it’s still only up 5% in those 13 years…
**Notes:**
• Hash price currently around $52 per petahash/day
• CleanSpark mined 694 BTC in May at 45.6 EH/s
• Riot sold 500 BTC for $51M operational costs
• Marathon holds almost 50,000 Bitcoin treasury
• Applied Digital signed $7B, 15-year AI deal
• Silver hit $36, highest since February 2012
Timestamps:
00:00 Start
01:08 Difficulty Report by Luxor
06:16 Monthly Production Figures
16:55 Fractal Bitcoin
17:30 The Bitcoin Treasury Movement
24:16 Saylor’s copycats fall behind
30:03 Applied Digital and CoreWeave
33:27 Cry Corner - Silver rips higher
37:43 Circle IPO
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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!
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It's a public breakup of sorts: Elon Musk thinks President Donald Trump's "big, beautiful bill" is bloated and financially destructive. In response, Trump is threatening moves that will hurt Musk's companies including SpaceX and Tesla. We'll discuss what it says about how companies manage their CEOs. Plus, try not to finish all the popcorn before the movie starts. AMC says it will show even more ads ahead of feature films starting in July.
Caleb O. Brown hosted the Cato Daily Podcast for nearly 18 years, producing well over 4000 episodes. He has gone on to head Kentucky’s Bluegrass Institute. This is one among the best episodes produced in his tenure, selected by the host and listeners.
Cato Executive Vice President David Boaz answers a few questions about and related to his new book, The Libertarian Mind.
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Threats fly as Trump-Musk fight escalates. The May jobs report. MA teen released by ICE. CBS News Correspondent Steve Kathan has today's World News Roundup.
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From the BBC World Service: Financial regulators from the United Kingdom, Australia and the United Arab Emirates are teaming up to crack down on questionable financial advice on social media, targeting so-called "finfluencers." Then, India’s central bank has made its steepest rate cut in five years. And, how can you spot if a website is fraudulent and what can you do to take it down? We take a look at scam websites.
What happens when the world’s most powerful man falls out with its richest? Our correspondent analyses where the Trump-Musk brawl leaves the relationship between MAGA and tech. How Israel’s far-right is influencing the war in Gaza (10:13). And why rhyme is on the decline (and verse is getting worse) (21:01).
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