Category: 2-DailyNews

Reality check: President Trump likes stablecoins more than Bitcoin. What do Bitcoiners do?

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President Trump makes a pivot from Bitcoin to stablecoins in his latest policy statements. Reality check: stablecoins now account for over 50% of all crypto settlement volume, with Tether becoming the 7th largest holder of US Treasuries globally. We break down how stablecoins are being used in emerging markets, why Tron dominates the stablecoin landscape despite centralization concerns, and what this means for Bitcoin's relationship with the traditional financial system.

Notes:

- Tether is 7th largest buyer of US treasuries globally

- Stablecoins now 50% of all crypto settlement volume

- Tether holds $113 billion in treasuries

- Tron handles ~40% of stablecoin transactions

- Tether earns ~$4 billion yearly on Treasury yields

- Trump now promoting stablecoins for dollar dominance

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Timestamps:

00:00 Start

00:34 Trump video

03:09 Reaction

06:53 Tether buying treasuries

11:08 Other stablecoins

17:35 Arch Network

18:05 The Tether Eye of Sauron

20:10 Who's using stablecoins

22:18 Where are stablecoins traded?

26:31 Volume of all crypto transactions compared

32:33 A realistic view

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Measles is said to be the most contagious virus on Earth, so during this latest outbreak, we're discussing the real-world impacts, what's different about this year's surge, and what everyone needs to know to stay protected.

 You’ll hear from an epidemiologist about the science and broader implications, then later, we get a frontline look at how a rural Texas hospital is responding.

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On this week's "CBS News Weekend Roundup", host Peter King gets the latest on the court battle over the Trump administration deporting more than 200 people last week from CBS News White House correspondent Nancy Cordes. CBS's Linda Kenyon reports on President Trump's executive order to abolish the Department of Education. And on this week's Kaleidoscope segment, CBS News correspondent Allison Keyes speaks with David Bier, director of immigration studies at the Cato Institute, about the Trump administration's deportations.

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Flights resume at London's Heathrow Airport after a fire caused it to shut down for hours. Columbia University agrees to policy changes following threats from President Trump. And a judge accuses Trump administration of knowingly violating orders to turn around deportation flights.

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Victor Davis Hanson breaks down this agenda into 10 key themes on today’s episode of “Victor Davis Hanson: In His Own Words.”

Democrats think “ Donald Trump must be considered, as Chris Matthews just said, a Mussolini-like figure. He must be opposed in every aspect. He must be demonized. Everything he does is evil. And by extension, the same is true of Elon Musk. 

“ The second thing I’ve noticed, very quickly, is ICE is wrong. You have to stop ICE from deporting anybody, even if they’re a criminal. 

“ There should be no cuts. No cuts in the federal government. We have a $1.7 trillion deficit. … We’re not going to discuss it. All we know is there should be no layoffs.”

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After it was approved in 2019, Spravato, a depression treatment derived from the club drug ketamine, was looking like a dud. But recently it has taken off, and it surpassed $1 billion in annual sales last year for its maker, Johnson and Johnson.

Further Listening:

-A Lawyer Says He Doesn't Need Help for Psychosis. His Family Disagrees. 

-America's Maternal Mental Health Crisis 

Further Reading:

-J&J’s Ketamine-Derived Drug Is Taking Off 

-Big Pharma Walked Away From Mental Health. Why Some Are Coming Back. 

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