Quran-burning activist shot dead on livestream in sweden

Cryptocurrencies surged Sunday after Donald Trump announced a U.S. strategic crypto reserve, including Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).

Trump framed the move stating, “I will make sure the U.S. is the Crypto Capital of the World.”

Following the news, XRP spiked 33%, SOL jumped 25%, ADA soared 60%, BTC rose 10% to $94,343, and ETH gained 13%. What is interesting to note, is that the annoucnement happened on a Sunday where traditional markets are closed. This move was a win for retail traders.

This marks Trump’s first distinction between a “reserve,” implying ongoing crypto purchases, and a “stockpile,” which simply holds assets. His upcoming White House Crypto Summit is expected to provide further policy insights.

While some in the crypto community support a BTC-only reserve, others worry government involvement could undermine decentralization or be reversed by future administrations.

The European Parliament has strongly condemned Turkey for removing elected opposition mayors, calling for their immediate release, acquittal, and reinstatement.

EU lawmakers criticized Ankara’s actions, warning of Turkey’s growing disregard for democratic principles and the rule of law. Officials also denounced the appointment of government-backed trustees to replace elected representatives.

In response, Brussels is now weighing possible sanctions against Turkish officials involved in the political crackdown.

Source: Reuters

Japan’s aging population crisis is intensifying, with 36 million individuals (29.3% of the population) now over 65 years old, setting a new record. Projections indicate that by 2040, this figure could escalate to 34.8%.

The labor market is shrinking, with forecasts suggesting a potential loss of 20 million workers by 2050. Currently, over half of Japanese companies struggle with staffing, unable to fill positions.

In response, Japan is increasingly turning to immigration as a solution, having employed a record 2 million foreign workers in 2024, with intentions to recruit an additional 800,000 over the next five years.

Source: ZeroHedge