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Telecommunications & Media

Trump bans foreign power-grid systems again, declares national emergency, targets Chinese equipment

U.S. President Donald Trump again barred the import, installation and use of foreign-made large-scale power systems used on the U.S. power grid. He declared a national emergency and signed an executive order blocking Americans and U.S. companies from buying, importing, transferring or installing systems judged a national security risk. The move covers hardware and software and gives the Energy Department key authority. The administration must draft implementing rules within 120 days.

Crypto

VanEck says bitcoin OK even if U.S. Democrats return; altcoins at risk

Bitcoin may not necessarily face headwinds even if the Democratic Party returns to power in the United States, an analysis said. VanEck digital asset research head Matthew Sigel said bitcoin could remain resilient under Democrats and should be viewed separately from broader crypto regulation. He said the bigger risk would be for other cryptocurrencies such as altcoins. Bitcoin has risen about 24 percent over the past seven days and was last around $78,438.

Crypto

U.S. Treasury considers using $950 billion cash balance for Treasury buybacks, bitcoin seen benefiting

The U.S. Treasury is reviewing whether to use the government’s General Account balance held at the Federal Reserve as funding for long-term Treasury buybacks. Using about $950 billion could help stabilise long-term rates and influence the bitcoin market. After the Treasury outlined plans to expand buybacks, bitcoin rose about 23% on the week to around $79,000, alongside inflows to U.S. spot bitcoin ETFs. Treasury market scepticism persists over the impact on long-term yields.