China News Today TheBitTimes.com

American Bitcoin, the crypto mining firm partly owned by Eric Trump and Donald Trump Jr, soared 16% on its Nasdaq debut, adding about $1.5 billion to the Trump family’s wealth. Trading under the ticker ABTC, the stock hit an intraday high near $14 before settling at $8.04 per share, according to Yahoo Finance. After-hours buying pushed it up another 5% as investors poured in. ABTC price chart (Source: Yahoo Finance ) Volatility was high, triggering Nasdaq’s circuit breakers five times. Following a merger with Hut 8’s mining arm that led to the listing, American Bitcoin is now valued at about $7.3 billion. The Trump brothers’ 20% stake translates to about $1.46 billion in paper wealth, further boosting the Trump family’s rapidly expanding crypto empire. Bitcoin “Floodgates” Are Opening, Eric Trump Says In an interview with Bloomberg, American Bitcoin’s co-founder and strategy chief, Eric Trump, said that the Bitcoin “flood...

The prominent economist and Bitcoin (BTC) skeptic, Peter Schiff, was quick to take to social media after the Trump family launched a series of meme coins to proclaim the world’s premier cryptocurrency no better than them. Remember, Bitcoin is a meme coin. — Peter Schiff (@PeterSchiff) January 21, 2025 The inciting incident and major source of inspiration, as Schiff himself explained in an X post, was Anthony Pompliano’s appearance on CNBC , in which the finance manager seemingly struggled to explain what meme coins actually are. Based on the interview, the economist and gold bull concluded that a major reason for what appeared like dancing around the question is that Bitcoin is, itself, ‘a meme coin.’ Picks for you Crunch joins Cohort 2 of the Solana Incubator program 2 hours ago ...