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In what is a statement of opposition to the decision, US President Donald Trump and his administration have vehemently disagreed with Moody’s decision to downgrade the United States’ credit rating. Indeed, Treasury Secretary Scott Bessent appeared on NBC News’ Meet the Press, where he challenged the rating’s importance. On Friday, the White House criticized the decision to downgrade the rating, according to Bloomberg. Specifically, the ratings firm cut the sovereign credit rating by a single level to close the week. It had identified concerns with the nation’s $36 trillion debt as the major reasoning behind the decision. JUST IN: President Trump disagrees with Moody's decision to downgrade the US credit rating. — Watcher.Guru (@WatcherGuru) May 19, 2025 Also Read: President Trump Ushering In Crypto ‘Golden Age,’ White House Official Says Trump Administration Challenges Moody’s US Credit Rating Downgrade It has been a rather overwhelming and often dis...

Despite widespread acknowledgment that MicroStrategy has issued a tremendous amount of debt to acquire most of its bitcoin, some star-struck novices believe that billionaire CEO Michael Saylor has no liquidation risk on this debt. Although the nuances of the term ‘liquidation’ are important, there are people who honestly believe that MicroStrategy cannot default on its debt no matter how low the price of bitcoin goes. That is not true. There is no free lunch on Wall Street. Lenders to MicroStrategy do have a risk of default. Specifically, they are loaning USD to MicroStrategy and expect USD or USD-equivalent repayment. Even lenders in recent series who waived all interest payments expect to receive their principal back at maturity. To be clear, no lenders have agreed to accept repayment in bitcoin, and no lenders have agreed to denominate their principal repayment in bitcoin. They lent USD and expect the USD, or its equivalent or extra amount of MSTR shares, upon loan ...

Crypto millionaire James Fickel lost $43 million on a long bet on Ethereum after missing an opportunity to take a $17.2 million profit just four days into the trade. Fickel, who is the founder of Amaranth Foundation and a crypto whale investor, bet on Ethereum outperforming Bitcoin in January, according to analytics firm Lookonchain. It said in a Sept. 14 post on X that Fickel borrowed 3,061 Wrapped Bitcoin (WBTC0 worth $172 million from the Aave lending protocol and exchanged it for 56,445 ETH at 0.05424 per coin as he bet that the ETH price would rise Fickel’s Ethereum Trade Started Out Well Though the trade initially went well, it quickly soured, leaving Fickel with a huge loss. After taking out the the loan to purchase Ether, the ETH/BTC pair tumbled more than 25%. “He currently has 2,196 $WBTC ($132M) in debt on #Aave , losing ~18,000 $ETH ($43.7M) in total!,” Lookonchain said. James Fickel(@jamesfickel) lost ~18,000 $ETH($43.7M) by going long the BTC/ETH t...