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Trump launches $TRUMP coin and gains 18,000% in value

Trump surprises crypto industry with $TRUMP coin launch; value skyrockets over 18,000% in 24 hours, becoming top 30 cryptocurrency.

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Trump surprises crypto industry with $TRUMP coin launch; value skyrockets over 18,000% in 24 hours, becoming top 30 cryptocurrency.

President-elect Trump surprised the cryptocurrency industry by announcing the launch of his token, $TRUMP coin.

In under 24 hours, the token’s value surged from a few cents to $33.87, marking an over 18,000% increase. It has since stabilised around $26, achieving a market cap above $5 billion and ranking in the top 30 cryptocurrencies globally.

The announcement was made shortly before Trump’s inauguration, via his Truth Social and X accounts, during the inaugural Crypto Ball in Washington, D.C.

Trump aims to be the most crypto-friendly president and intends to reverse the Biden administration’s regulatory measures that have pushed many U.S. firms overseas.

The Crypto Ball was attended by various crypto CEOs, politicians, and members of Trump’s incoming Cabinet, including his son, Donald Trump Jr. Initially, some attendees questioned the authenticity of the announcement, suspecting potential hacking.

Trump’s promotional message included a link for purchasing the token with a debit card or cryptocurrency.

Since the announcement, Trump has remained silent about the coin, while Eric Trump described it as “the hottest digital meme on earth.” This comment was also shared by Trump’s official X account.

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Stocks tumble amid AI concerns and Trump tariff update

Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

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Dow drops 800+ points as AI and trade worries hit tech and retail stocks; bonds rise amid market volatility.

Stocks plunged sharply as concerns over artificial intelligence and trade tensions rattled investors, sending the Dow down more than 800 points. Heavyweights like American Express, Goldman Sachs, and JPMorgan were key contributors to the drop.

Software companies were hit particularly hard after a report suggested AI could impact economic growth, triggering further losses across tech shares.

Trade-sensitive retailers including American Eagle Outfitters, Ralph Lauren, and Yeti Holdings also faced setbacks as market uncertainty spiked. Bonds, meanwhile, rallied as investors sought safety in a volatile market.

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U.S. investors flee stock market for global opportunities

U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

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U.S. investors withdrew $75 billion from stocks in six months, fastest in 16 years, with $52 billion in 2026 alone.

U.S. investors are withdrawing money from domestic stocks at the fastest rate in 16 years, with $75 billion leaving equity products over the past six months. The trend accelerated in 2026, with $52 billion pulled from Wall Street so far.

Concerns over AI risks and weaker performance at home are prompting investors to look abroad, even though a softer dollar makes foreign investments more expensive. Emerging markets are seeing inflows at the fastest pace in five years, according to Bank of America.

As global opportunities become more attractive, many U.S. investors are now evaluating overseas markets for growth potential.

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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