Trump ally to announce run for NY gov Tuesday, setting up clash with GOP frontrunner Elise Stefanik

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

Abstract

Trump ally and former Westchester County Executive Rob Astorino is set to announce his run for New York governor on Tuesday, positioning himself as a challenger to the current Republican frontrunner, Congresswoman Elise Stefanik. This move sets up a significant intraparty clash for the GOP nomination.

TRON surpasses 400 million accounts as total transfer volume nears $30 trillion

TRON DAO announced that the total accounts on the TRON blockchain have surpassed 400 million, reflecting sustained network activity and solidifying its position as a leading, actively used blockchain. Account growth accelerated significantly after reaching the first 100 million, with the user base doubling from 200 to 400 million in less than three years. The network has processed over 15.2 billion transactions with a total transfer volume exceeding $29 trillion, establishing itself as key global infrastructure for digital assets, stablecoin payments, and cross-border transfers. Founder Justin Sun highlighted this milestone as indicative of growing demand for accessible blockchain infrastructure. TRON's expanding role is further recognized through its inclusion in major indices and institutional collaborations. The blockchain also hosts the largest circulating supply of USDT stablecoin, exceeding $94 billion.

cointelegraph3m ago

TRON surpasses 400 million accounts as total transfer volume nears $30 trillion

cointelegraph3m ago

DGrid AI token jumps 93% after launch as decentralized AI network goes live

DGrid AI's native token, DGAI, surged 93% on its first trading day, reaching approximately $0.73. The token, with a market cap around $110 million, launched alongside the decentralized AI inference network's expansion. This network connects users and developers with distributed nodes that process AI requests, using DGAI for payments, staking, and rewards. DGrid's system routes requests across node-hosted models and employs a "Proof of Quality" mechanism to evaluate outputs, rewarding node operators for good performance and penalizing misconduct. Additionally, DGrid sold over 140 DClaw Box devices within hours at 1,580 USDT each, totaling over 221,000 USDT. These devices run a personal AI agent, connecting users to models via the decentralized network.

cointelegraph4m ago

DGrid AI token jumps 93% after launch as decentralized AI network goes live

cointelegraph4m ago

Bitcoin slips from $80K as gold cools with falling US bond yields

Bitcoin declined below $80,000 as U.S. trading began, retreating from a recent 14-week high of $81,265. Gold also fell nearly 2%, dropping alongside Bitcoin as U.S. equity markets posted modest gains, continuing a recent divergence. The moves coincided with a drop in U.S. 30-year Treasury bond yields toward three-week lows. Analysts note the $80,000 level remains a key resistance area for Bitcoin. Market attention now turns to upcoming U.S. Personal Consumption Expenditures (PCE) inflation data and Nvidia's earnings report, both due Wednesday, as potential catalysts for volatility. Commentary suggests the Federal Reserve is unlikely to cut interest rates soon, with direct bond market intervention seen as a more probable tool to manage yields in the current environment.

cointelegraph39m ago

Bitcoin slips from $80K as gold cools with falling US bond yields

cointelegraph39m ago

Arthur Hayes Gives Bullish Signal for Crypto Market! He Discusses Two Altcoins He Invested in Besides Bitcoin and Ethereum! He Also Warned About...

Arthur Hayes, a closely followed figure in the cryptocurrency market, has issued a bullish signal, stating that a new bull market has begun. He predicts Bitcoin is poised for a parabolic surge, potentially reaching hundreds of thousands of dollars soon, and advises owning it now. Beyond Bitcoin and Ethereum, Hayes revealed his fund, Maelstrom, is taking maximum risk on two specific altcoins: Ethena ($ENA) and Ether.Fi ($ETHFI). He highlighted that the revival of basis trading (profiting from spot-futures price differences) is a positive market signal, particularly beneficial for Ethereum and $ENA, which he believes still has significant growth potential. Hayes also discussed his new project, Flop Network (FLOP), emphasizing there is no presale and the token cannot be bought. Participation in its airdrop will require beneficial actions on the testnet, positioning it as a project for the new market cycle. (Disclaimer: This is not investment advice.)

cryptonews.ru39m ago

Arthur Hayes Gives Bullish Signal for Crypto Market! He Discusses Two Altcoins He Invested in Besides Bitcoin and Ethereum! He Also Warned About...

cryptonews.ru39m ago

Billionaire Druckenmiller Considers US Treasury's Bond Buyback Plan a Mistake

American billionaire investor Stanley Druckenmiller criticized the US Treasury Department's plan to increase the repurchase of long-term bonds, calling it a mistake. The Treasury announced it would double its buyback of bonds with maturities from 10 to 30 years to $4 billion. Druckenmiller argued the intervention was unnecessary and counterproductive. He contended the bond market was functioning normally without liquidity issues, and the rise in yields was justified by fundamentals like high inflation, a large deficit, and a national debt exceeding $40 trillion. He warned that artificially suppressing yields removes market pressure on Congress to address fiscal deficits and sets a dangerous precedent, inviting constant market testing of the Treasury's perceived yield cap. He compared the action to quantitative easing, which is inappropriate during high inflation. While the move briefly lowered rates and was seen by some as a catalyst for risk assets like Bitcoin, Druckenmiller believes the Treasury should have allowed the market to dictate yields. He suggests the correct response would be to reduce the deficit. He concluded that governments trying to protect prices from fundamental forces always lose, and artificially suppressing interest rates only increases future risks.

cryptonews.ru1h ago

Billionaire Druckenmiller Considers US Treasury's Bond Buyback Plan a Mistake