President Donald Trump sent letters to 14 nations, including key partners in Asia, warning that tariffs will be applied starting Aug. 1 unless they make concessions to the U.S. when it comes to trade.

Musk, who earlier advocated for cryptocurrencies, has confirmed that the political party would embrace Bitcoin as "fiat is hopeless," as he claimed. Notably, Tesla holds 11,509 BTC worth more than $1.25 billion on its balance sheet, making it the eighth-largest public Bitcoin corporate treasury.

New Bitcoin derivative BTC Bull Token has surged 75% in 24 hours, hitting $0.0033 as Bitcoin heads for a fresh all-time high.

Crypto exchange Coinbase Global ( COIN) and bitcoin treasury company Strategy ( MSTR) were both up roughly 5% on the day. Stocks generally rose Wednesday, with the tech-focused Nasdaq Composite finishing at its own high .

Explore the top Bitcoin holders in 2025, including the largest BTC wallets, institutional reserves and crypto billionaires.

Case in point: publicly traded company Bit Digital, which had already made a name for itself as a Bitcoin treasury company, actually announced they sold all their Bitcoin and converted those holdings into ETH to acquire 100,603 ether as they look to become “the preeminent ETH holding company in the world." Shares ended the day up nearly 20%.

Discover why BTC Bull Token looks set to be the main beneficiary of billionaire Elon Musk's endorsement of Bitcoin.

Elon Musk Elon Musk indicates his new political party will be pro-gun, pro-bitcoin: 'The Second Amendment is sacred' Musk is aiming to shake things up, taking aim at the two-party system that has ...

Elon Musk has announced he’s starting his own political party called the “America Party," while dropping hints he’s still backing