Washington
Crypto world hopes a Trump summit Friday will deliver more of what it wants from Washington
The crypto world is hoping a White House summit on Friday will take it one step closer to getting what it wants from a GOP-led Washington, providing some stability to a market trying to regain the upward momentum it had in the aftermath of Donald Trump’s election victory.
The White House said in a statement that Trump is expected to host and deliver remarks at the “crypto summit” before prominent CEOs, founders, and investors from the industry.
The attendees are expected to include Coinbase Global (COIN) CEO Brian Armstrong, Strategy’s (MSTR) Michael Saylor, Chainlink Labs CEO Sergey Nazarov, and Exodus CEO JP Richardson.
They will be joined by several key members of Trump’s administration, including AI and crypto czar David Sacks and Bo Hines, executive director of a presidential working group on digital assets.
A lot of the discussion is expected to focus on Trump’s talk of a US strategic reserve of cryptocurrencies and the possibility of moving legislation through Congress that could provide more clarity about regulatory oversight of digital assets.
“A big part of it is bringing the leading CEOs of the largest US crypto projects … [with] the private sector and say, ‘Okay, how do we really accomplish Donald Trump’s call to make the US the crypto capital of the planet,’” Perianne Boring, CEO of the Digital Chamber, told Yahoo Finance.
The meeting comes after a period of extreme volatility for digital assets. The price of bitcoin (BTC-USD), the world’s largest cryptocurrency, has whipsawed this week following its worst correction since a 2022 meltdown.
It climbed Wednesday to hover around $90,000. Bitcoin is still down significantly from its all-time high above $109,000 on the day of Trump’s inauguration in January.
Martin Leinweber, digital asset research and strategy director for indexing firm MarketVector, told Yahoo Finance the crypto world had become too euphoric about how quickly Trump could deliver on his promises to the industry.
“There was too much hopium priced in since November for Trump and how good he and his team is for crypto, because it takes longer than just a few weeks to come up with how to do all of this,” Leinweber said.
How the Trump administration might deliver on its promise of a crypto reserve isn’t clear.
The president said Sunday in a social media post on Truth Social that such a reserve would include bitcoin, ethereum (ETH), XRP (XRP), solana (SOL), and cardano (ADA). He had not previously spelled out which digital assets would be included.
Technically, the president can take a step toward a stockpile by stopping any selling of the seized and forfeited crypto assets already managed by the US Marshals Service, but to make the reserve permanent or incorporate a buying program, the preferred route is passing legislation in Congress.
Washington
Washington state officials warn of toilet rats after floods: ‘Try to stay calm’
Residents in Washington state have been told to be aware of unwanted festive visitors before Santa comes down the chimney – rats coming up from the toilet.
Health officials in Washington warned that recent flooding in the state “may sweep rodents into the sewer systems”. In a Facebook post, the Seattle and King county public health department wrote: “If a rat visits your toilet, take a deep breath and follow these tips,” before outlining the steps to take if a rodent emerges from your commode.
Unsurprisingly, the first tip provided is: “Try to stay calm. That might not be easy under the circumstances.” The Facebook post advises people to flush the rat down the toilet or squeeze washing up liquid into the toilet to grease the reviled furry mammal’s path back into the sewer.
If the rat is too large to be vanquished this way, the health officials say, residents should close the toilet lid and call a pest control company. Presumably, using other places of convenience would be advisable if caught short in the meantime.
Rats are surprisingly strong swimmers and can hold their breath for several minutes, meaning that, along with their tenacity and ability to squeeze into small spaces, they can easily enter someone’s home via the toilet.
Such a scenario, a nightmare for people with musophobia, is more common in older buildings with dilapidated pipes following heavy rainfall.
Washington state has been dealing with some of its worst ever flooding this month, with several days of torrential rain causing thousands of people to be evacuated as floodwater inundated homes, washed away roads and triggered landslides.
Washington
Washington Commanders bring back former QB after another injury
Update: Commanders announce the Driskel signing, and place Sam Cosmi on IR due to a concussion
The Washington Commanders are reportedly signing QB Jeff Driskel from the Arizona Cardinals practice squad. Marcus Mariota is day-to-day with hand and quad injuries, and Jayden Daniels has been shut down for the season. Josh Johnson is the only other QB on the 53-man roster, and Sam Hartman is available on the practice squad.
Dan Quinn said yesterday that the team could look to sign another QB, and Driskel was the most logical choice. He was the team’s third-string QB last season, but wasn’t re-signed. He played one snap for Washington during the regular season, and was on the Las Vegas Raiders practice squad to start this season. The move is not official, and the team will have to announce a corresponding roster move.
Washington
San Antonio at Washington, Final Score: Spurs complete season sweep of Wizards, 124-113
Facing the worst team in the league for the 2nd time in 3 games, the San Antonio Spurs came into this one looking for their 10th road win this year and their first 6 game winstreak since March of 2019. A sluggish start to the game saw them trailing after the 1st quarter, but an 18-4 run to start the 2nd put the game firmly in San Antonio’s hand, eventually outscoring Washington 43-21 in the period and securing a 20 point lead going into halftime. Washington was able to hang around all throughout the 3rd quarter though and even managed to cut the deficit to single digits a few times in the 4th, but solid defense and a dominant performance from Luke Kornet throughout the period saved the day for San Antonio. Seven players finished in double figures, while three also had double-doubles in the win. Washington meanwhile had five players finish in double figures, led by Bub Carrington’s 21 points.
The Spurs (21-7) are back in action Tuesday night in San Antonio at 7:30 CT for the first of two rematches this week with the defending champion Oklahoma City Thunder.
-
Iowa1 week agoAddy Brown motivated to step up in Audi Crooks’ absence vs. UNI
-
Maine1 week agoElementary-aged student killed in school bus crash in southern Maine
-
Maryland1 week agoFrigid temperatures to start the week in Maryland
-
New Mexico7 days agoFamily clarifies why they believe missing New Mexico man is dead
-
South Dakota1 week agoNature: Snow in South Dakota
-
Detroit, MI1 week ago‘Love being a pedo’: Metro Detroit doctor, attorney, therapist accused in web of child porn chats
-
Health1 week ago‘Aggressive’ new flu variant sweeps globe as doctors warn of severe symptoms
-
Maine7 days agoFamily in Maine host food pantry for deer | Hand Off