Treasury Secretary Bessent predicts 3% GDP growth as Trump preps economy tour

nypostPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Treasury Secretary Steven Bessent forecasts 3% GDP growth as former President Donald Trump prepares to launch an economy-focused tour. The announcement highlights key economic priorities and policy directions expected to be emphasized during the upcoming tour.

Altcoins Announced as the Biggest Profit-Makers During the Recent Sharp Rally!

A list of cryptocurrency projects that generated the most revenue over the past 30 days has been announced. The data highlights trends across various sectors, including stablecoin issuers, blockchain networks, decentralized exchanges, and prediction markets. Stablecoin giant Tether led with $438.9 million in revenue, despite a slight 0.1% decrease. Tron followed in second place with $224.6 million (-0.7%), and Circle placed third with $181.5 million (-1.3%). A significant revenue gap appears after the top three. Hyperliquid, a decentralized derivatives exchange, generated $48.6 million with a 25.3% growth. The memecoin-focused trading platform pump.fun stood out with $30.7 million in revenue and a 62.3% increase. Key growth performers included GMGN, with the highest revenue surge at 159.0%, followed by Uniswap (74.7%), pump.fun (62.3%), and Axiom Trade (59.5%). Other notable projects in the top 15 were Sky ($30.5M), Polymarket ($25.6M), Ethereum ($14.7M), PancakeSwap ($10.5M), and Lido Finance ($4.7M).

cryptonews.ru23m ago

Altcoins Announced as the Biggest Profit-Makers During the Recent Sharp Rally!

cryptonews.ru23m ago

FlyEdge Launches Test Platform for Tokenizing Airline Loyalty Points

FlyEdge, a B2B platform focused on tokenizing airline loyalty programs, has launched a public preview version of its blockchain infrastructure. The platform, built on the EVM-compatible StreamChain, allows airlines and passengers to test the system. Users can track the entire process on the blockchain, including token issuance, conversion, transfer, and redemption. Airlines maintain full control over their loyalty tokens through a dedicated FlyEdge tool, enabling them to mint, burn, and transfer tokens, with all transactions recorded and verifiable on-chain. For passengers, FlyEdge aims to simplify the user experience by offering non-custodial smart wallets secured with passkeys, with the platform covering all network fees. This eliminates the need for users to manage seed phrases, purchase gas tokens, or use traditional crypto wallets. The preview version, released on August 20th in 12 languages, has already processed 100 test assets and user operations. FlyEdge emphasized that this launch is for testing purposes with airlines, passengers, and media, and does not mark the start of commercial operations with real airline partners.

cryptonews.ru37m ago

cryptonews.ru37m ago

Coinbase Integrated Chainlink for its Tokenized Stocks

Coinbase has selected Chainlink as the oracle infrastructure provider for its tokenized stock offerings. This integration will provide DeFi projects on the Base network with access to real-time market data for assets like NVDAc, METAc, AAPLc, and GOOGLc. The Chainlink data will be available to lending platforms, decentralized exchanges, and other DeFi protocols. This enables the tokenized stocks to be used not only for trading but also as collateral for loans and in other financial operations. Coinbase's tokenized stocks are issued on the Base network in the B20 format and represent real securities. Each token is backed 1:1 by the corresponding stock. The underlying shares are held by the regulated custodian Alpaca in accordance with Abu Dhabi Global Market rules.

cryptonews.ru38m ago

Coinbase Integrated Chainlink for its Tokenized Stocks

cryptonews.ru38m ago

"Criminal Offense": Deputy Declares Hunt for "Spider-Man"

Russian State Duma deputy Elena Drapeko has called on the Ministry of Internal Affairs (MVD) to intervene against the illegal screening of foreign films, specifically citing "Spider-Man: A New Day," in Russian cinemas. These screenings occur without a distribution certificate or rights-holder consent under a scheme where tickets are sold for certified short films but audiences are shown the major unauthorized release beforehand. The film reportedly earned nearly 900 million rubles in its first unofficial weekend. Drapeko labeled the practice illegal entrepreneurship and a criminally punishable act, urging the Ministry of Culture to use its subordinate organizations to monitor such shows and pass information to law enforcement. The scheme bypasses the Unified Automated Information System (EAIS) for ticket sales, making official tracking impossible; estimates rely on discrepancies between overall box office figures and EAIS data. Potential consequences for violators include criminal liability (for damages over 500,000 rubles), administrative fines, and civil lawsuits from rights-holders. The situation reflects a broader, government-acknowledged trend in the shadow film distribution market, driven by factors like high official ticket prices and a lack of Hollywood releases, which competes directly with domestic cinema revenue.

cryptonews.ru48m ago

"Criminal Offense": Deputy Declares Hunt for "Spider-Man"

cryptonews.ru48m ago

Strategy’s $66B Bitcoin machine hinges on capital markets, not BTC price: Report

A recent analysis highlights that the main risk to Strategy's (MSTR) $66.7 billion Bitcoin treasury is not a crash in BTC's price, but a prolonged loss of access to capital markets. The firm holds 840,447 BTC behind $22 billion in debt and preferred claims, requiring it to continually raise fresh capital to service roughly $1.76 billion in annual obligations. A stress test found Bitcoin would need to fall 96% before its holdings couldn't cover its convertible notes. However, the company must still meet its fixed annual charges regardless of Bitcoin's price. If financing conditions worsen, Strategy's accumulation model could reverse, forcing greater reliance on reserves and Bitcoin sales. The company has sold BTC this year to meet obligations but has accumulated far more than it has sold.

cointelegraph1h ago

Strategy’s $66B Bitcoin machine hinges on capital markets, not BTC price: Report