Trump Faces Legal Battle Over Migrant Expulsions and Biden Pardons
President Donald Trump is heading for a legal showdown after his administration deported over 200 alleged Venezuelan gang members using the 1798 Alien Enemies Act, a rarely invoked wartime law. A federal judge is reviewing whether the expulsions violated an order blocking their removal. The administration argues that the deportees had already left when the ruling was issued, but rights groups warn the law could be used for mass deportations without due process.
In another controversial move, Trump claimed to annul pardons issued by Joe Biden, arguing they were invalid because Biden used an autopen to sign them. The legality of revoking presidential pardons remains unclear, but Trump's decision targets figures Biden had shielded, including former officials and critics of Trump’s presidency. This sets the stage for a legal battle over the limits of executive power, with potential Supreme Court involvement.
Elon Musk’s legal battle against OpenAI is intensifying, with the court allowing key claims to proceed while denying his request to halt the company’s corporate restructuring. The trial has been fast-tracked due to its wide-reaching implications.
Musk, who co-founded OpenAI in 2015 as a nonprofit, argues that the company abandoned its mission by shifting toward profit-driven goals. He claims his financial support was based on OpenAI’s commitment to serving humanity, not private investors. OpenAI, however, counters that Musk previously tried to take control before leaving to launch his rival AI firm, xAI.
The feud escalated after Musk’s $97.4 billion acquisition offer was rejected by OpenAI CEO Sam Altman. The court case will determine whether OpenAI’s transformation was a necessary evolution or a breach of its founding principles, with potentially massive consequences for the AI industry.
Tesla's global sales dropped sharply in February, particularly in China, where wholesale sales plummeted 49% year-on-year to 30,688 units—its lowest in over two years. The decline is largely due to reduced Model Y production and intensifying competition from domestic brands like BYD, Huawei, Xpeng, and Li Auto, which now dominate 70% of the NEV market. Tesla’s market share fell to 3.9%, down four percentage points from last year.
In Germany, Tesla’s sales collapsed 76% to 1,429 units, while in France, they declined 26% to 2,395 units. The U.S. market has also seen four consecutive months of negative growth, attributed to slower product updates, intensifying competition, and Elon Musk’s controversies.
Analysts suggest that Tesla's challenges stem from aging models, price cuts failing to boost demand, and strong competition from innovative Chinese automakers. The upcoming Model Y refresh could influence Tesla’s global strategy, but its ability to regain market share remains uncertain.
JUST IN: 🇺🇸 $1.7 trillion ($1,700,000,000,000) wiped out from the US stock market today. Don't worry. It's a Long game to prepare your moves on your own.
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A U.S. congressman, Joe Wilson, proposed introducing a $250 banknote featuring Donald Trump, claiming it would help Americans carry more cash amid inflation. However, Chinese netizens found the idea unintentionally humorous, as "250" (èr bǎi wǔ) is slang in China for a foolish and stubborn person. The term originates from historical incidents and ancient currency traditions.
Wilson’s proposal received mixed reactions in the U.S., but it went viral in China, garnering over 14 million views. Some found the number choice ironic, especially since 2026 marks the 250th anniversary of U.S. independence. Chinese social media users joked that had Wilson known the cultural meaning, he would have chosen a different number. Others expressed amusement at Trump being linked to the slang term.
While Wilson remains committed to his proposal, the U.S. Treasury ultimately decides whose face appears on banknotes, and current laws prohibit living individuals from being featured. As of now, Trump has not commented on the idea.
Trump’s influence on the economy is playing out as expected. Bond yields are dropping, inflation is slowing, and the market is adjusting. A few months ago, we discussed the possibility of him pressuring the Fed to act—now it’s happening.
Stocks are being sold, bonds are being bought, and mortgage rates are coming down. The housing market has been stuck, with the worst home sales in over a decade. Lower rates will allow refinancing for mortgages, U.S. debt, credit cards, auto loans—you name it. The consumer benefits.
Yes, crypto took a hit, but long-term, lower debt costs matter more. Markets might see short-term pain, but they always recover. Trump’s strategy slows inflation, forces rate cuts, and reshapes the economy in his favor.
Love him or hate him, the guy plays the game at another level.
DeepSeek's success cost Elon Musk $90 billion this year. Mark Zuckerberg, Jensen Huang lost
The meteoric rise of DeepSeek, a Chinese AI startup, has wiped out $94 billion from the fortunes of top tech billionaires. Elon Musk suffered the most, losing $90 billion, followed by Nvidia’s Jensen Huang ($20 billion) and Meta’s Mark Zuckerberg ($11 billion), Fortune reports.
DeepSeek’s cutting-edge AI model, which rivals OpenAI at a fraction of the cost, triggered a $600 billion market value drop for Nvidia—one of the largest stock declines in U.S. history, according to Bloomberg.
Despite the losses, Huang praised DeepSeek, calling it an "excellent innovation" that has "ignited global enthusiasm." Meanwhile, tech giants like Meta, Amazon, Google, and Microsoft remain undeterred, set to invest $320 billion in AI and data centers, CNBC reports.
"Bank Soil" for Wealth: A Superstitious E-Commerce Trend in China
A peculiar trend has emerged on Chinese e-commerce platforms, where sellers are marketing "bank soil" as a mystical product that can attract wealth and improve financial luck. This soil, allegedly collected from entrances and lobbies of banks, is sold for 20 to 70 yuan, with some vendors offering customized services such as soil collection on auspicious dates, chanting rituals, and video proof.
Despite its popularity, experts warn that the trend exploits superstition and financial anxieties. The practice may also be illegal, as unauthorized collection of soil from bank premises could violate property rights or environmental regulations. Additionally, some sellers deter returns, claiming that "inviting wealth shouldn’t be reversed," while making exaggerated promises of financial gain.
In response, major Chinese e-commerce and social media platforms have taken action by removing product listings, promotional content, and tutorials related to "bank soil." Authorities continue to monitor and crack down on deceptive sales tactics.
Follow fore trends, news and updates. buy these and enjoy. dyor $RENDER
Petition to Revoke Elon Musk’s Canadian Citizenship Gains Traction
A petition demanding the revocation of Elon Musk’s Canadian citizenship has gathered nearly 300,000 signatures. Supporters argue that Musk’s political ties to Donald Trump and his influence on policies harmful to Canada justify the move.
Musk responded on X (formerly Twitter) with the remark, “Canada is not a real country,” fueling further controversy. However, legal experts assert that Canada cannot revoke citizenship unless it was obtained fraudulently, making the petition largely symbolic.
Musk became a Canadian citizen in his teens through his mother, Maye Musk, who was born in Saskatchewan. While his citizenship helped him move to North America, his ties to Canada have remained minimal.
Trump is talking about DOGE, tariffs and the usual stuff in the Oval office. There isn't anything market moving in what he's said already but he said this on China:
We're going to get along very well with China
China is a competitor
US descriptions of China range from "competitor" to "adversary" to "enemy".
There is a very important distinction here, especially from the Chinese side. Biden sometimes referred to China as an 'adversary' and that's irked Beijing, who has tried to steer the relationship back towards 'competitor' or better.
Two years ago, Chinese President Xi said the US and China can only be adversaries or partners, with no middle ground.
"The number one question for us is: are we adversaries, or partners? This is the fundamental and overarching issue," he said in San Francisco in 2023.
Now 'competitor' isn't exactly 'partner' and Trump doesn't always choose his words carefully but all his actions since winning the election have been much less antagonistic to China than his comments in the election.
Adding to that, Trump said he won't comment on whether China should take Taiwan by force and that they want China to invest in the US.
There is a risk of over-interpreting here but we certainly don't have the 60% China tariffs on Day 1 that Trump promised.
Analysis: Price Trend: XRP is currently trading at $3.0688, showing a slight decline of -1.02% in the past 24 hours.
Moving Averages (MA): MA(7): $3.0725 (short-term trend) MA(25): $2.9050 (long-term trend) The short-term MA is slightly above the current price, indicating a potential consolidation phase.
RSI (Relative Strength Index): 51.03 Close to neutral (50), meaning the market is neither overbought nor oversold.
Stochastic RSI: 10.4292 (Oversold region) A possible bounce-back or reversal if buying pressure increases.
Conclusion: XRP recently hit a high of $3.40 before pulling back. The MACD suggests weakening bullish momentum, while the Stochastic RSI indicates oversold conditions, hinting at a possible short-term rebound. If price breaks above $3.10, further upside movement is possible. If it drops below $3.05, further correction may occur.
TIA/USDT Daily Chart: Consolidation with Potential for Reversal
Analysis Moving averages: MA(7): 4.636 MA(25): 4.912 The price is below the MA(25), indicating a bearish trend. However, it is near the MA(7), suggesting possible short-term consolidation.
MACD: DIF: -0.206, DEA: -0.208, Histogram: 0.003 The MACD is flat, with a potential bullish crossover on the horizon, signaling indecision in the market.
RSI: RSI(6) at 39.810 reflects weak momentum but remains above the oversold threshold, leaving room for upward movement.
Stochastic RSI: At 23.901, it indicates oversold conditions, suggesting a possible reversal in the near term.
Volume: The trading volume is moderate, pointing to cautious market activity.
Price Action The price is oscillating between support at 3.722 and resistance at 4.912. A breakout in either direction will determine the next trend.
Prediction If the price breaks above 4.912, it could rally toward 5.288.
A drop below 4.453 might lead to a retest of 3.722.
The market shows signs of indecision, with momentum indicators hinting at a potential rebound. Confirmation of a breakout is key before making decisions.
$ETH /USDT Price Prediction and Technical Analysis
Analysis: Current Price: $3,356.80, with a 1.59% increase in the last 24 hours. Support Level: $3,011.14, which has been a strong point of support, preventing further downside. Resistance Level: $4,107.80, the previous high and a significant barrier.
Trend Pattern: The price has been forming a descending triangle, indicating a period of consolidation. A breakout from this pattern, either upward or downward, is expected soon.
Moving Average: The price is currently above key moving averages, suggesting a potential continuation of the bullish trend if support holds.
Bullish Case: A breakout above the upper trendline of the descending triangle could push ETH towards the resistance level at $4,107.80. If the breakout is strong, ETH may extend towards $4,500–$4,700 in the medium term.
Bearish Case: A failure to hold the support at $3,011.14 would result in a breakdown, potentially testing the next support levels around $2,615.63 or $2,310.00.
ETH is showing strong bullish potential, but the outcome depends on the breakout direction from the descending triangle. Watch for a breakout above $3,511 to confirm the next upward leg. A drop below $3,011 will signal a bearish correction.
Analysis: Current price: $409.5, reflecting a 10.47% increase in 24 hours, supported by strong bullish momentum.
Support level: $383.9, previously a resistance zone, now acting as a key support. A break below this could trigger a bearish correction.
Resistance level: $438.9, identified as a short-term target and a significant hurdle for continued upward movement.
Moving averages: The MA(7) is at $398.6, above the MA(25) at $379.4, indicating a bullish crossover and a strong upward trend.
Trend analysis: The price formed a higher low at $362.6 before breaking above $383.9, confirming the shift from a consolidation phase to a bullish trend. The breakout is supported by increased trading volume.
Prediction: Bullish case: If the price stays above $383.9, the next target is $438.9. A breakout above this resistance could push the price to $466 or even retest the previous high at $487.6.
Bearish case: Failure to sustain $383.9 as support could lead to a decline toward $362.6. If this level is breached, further downside to $350 is possible.
The price is showing strong bullish momentum, but the $438.9 resistance is a key level to watch. A breakout above this could signal further upside, while a failure to hold $383.9 may lead to a pullback.
Support and resistance levels: Immediate support: $2.18 Resistance zone: $2.84 (target) Key breakout point beyond resistance: $3.17
Moving averages: MA(7): $2.32, acting as support and reflecting short-term bullish momentum MA(25): $2.18, already breached, confirming a trend reversal
Volume and momentum: Strong volume (24H: 98M), indicating solid buying interest Bullish momentum evident with consistent higher lows and higher highs in the hourly chart
Prediction: RUNE has entered a short-term recovery phase, with the immediate target at $2.84. If the buying momentum persists, a breakout above $2.84 could push the price toward $3.17. However, failure to hold above $2.18 may lead to retesting support at $1.92.
FTT/USDT: Consolidation Around $2.09, Awaiting Clear Breakout
Key Points: Current price: $2.0918 (+1.53%) Key support: $2.01 (MA7), acting as immediate support level Resistance: $2.66 (MA25), critical for a bullish breakout MACD: Bearish but weakening (-0.0336), signaling reduced selling pressure RSI: Neutral at 42.54, indicating balanced momentum StochRSI: Moderate at 47.19, pointing to indecision in the market
Analysis: FTT is consolidating near $2.09 with low trading volume, showing indecision among traders. The price remains below the 25-day moving average, confirming an overall bearish trend. However, the flattening MACD and neutral RSI suggest the selling pressure is subsiding, creating the potential for a reversal.
Outlook: Bullish scenario: A breakout above $2.66 (MA25) may trigger upward momentum toward $3.00. Bearish scenario: Failure to hold $2.01 could lead to a retest of $1.96, exposing further downside risk. Traders should watch for volume spikes and momentum shifts to confirm the next direction.
Notice on Delisting of Binance Loans (Flexible Rate) Loanable Assets Fellow Binancians, Binance regularly reviews its product offerings to ensure we provide the most valuable and competitive services for our users. Based on our most recent reviews, Binance Loans (Flexible Rate) will no longer offer the following assets as loanable assets from 2025-01-15 03:00 (UTC). Thus, users will no longer be able to place new Flexible Rate Loan orders involving the assets below. All ongoing Flexible Rate Loan orders will remain unaffected and can be held until users repay the Loan orders. Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR) Please Note: Users may refer to Loan Data for the latest interest rates and a complete list of loanable and collateral assets. There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Man Spends ¥13 Million on Girlfriend, Gets Dumped for Foreign Boyfriend
A Chinese man devoted six years and ¥13 million (around $1.8 million USD) to his influencer girlfriend, spoiling her with luxurious gifts, including a Porsche, and funding her overseas education. Despite his unwavering support, their relationship ended abruptly when she left him for a foreign boyfriend.
Heartbroken, the man filed a lawsuit to recover some of his expenses and was awarded ¥5.7 million ($780,000 USD) in compensation by the court. The influencer, however, defended her decision to move on, claiming her ex-boyfriend had become emotionally unstable, neglected his appearance, and was difficult to live with.
Adding to the drama, she posted videos praising her new foreign boyfriend, highlighting his attentiveness and respect for her independence. She shared anecdotes of him cooking her favorite Chinese dishes, such as hong shao rou (braised pork), and leaving her thoughtful messages. Her excitement over finding a partner who understood and supported her sparked mixed reactions online.
The story ignited a heated debate on social media. Critics labeled the influencer as ungrateful and materialistic, while others argued that relationships should be based on compatibility and love rather than financial support. The controversy continues to divide opinions, with many questioning the true cost of devotion in modern relationships.
RENDER/USDT trading pair on a 1-day timeframe analysis:
Bollinger Bands (BOLL) Upper Band (UP): 8.592 Middle Band (MB): 7.493 (20-day moving average) Lower Band (DN): 6.393 The price of 7.272 is near the middle band, suggesting a neutral position within the Bollinger Bands. Recent price movement shows consolidation, with the price retracing from a high of 11.900.
RSI (6) Current RSI is 41.302, indicating that the market is slightly bearish but not oversold. An RSI below 30 would indicate oversold conditions, while above 70 signals overbought.
Volume The volume appears moderate, with no major spikes. Decreasing volume often precedes a larger price move.
Trend Analysis The price is trending down from the recent peak of 11.900 and is now consolidating around the middle Bollinger Band. The 5-day moving average (MA) is slightly above the current price, at 7.493, indicating short-term resistance.
Outlook Bullish scenario: If the price can break above the middle band and sustain, a move toward the upper Bollinger Band (8.592) is possible. Bearish scenario: Failure to hold the current level might lead to testing support near the lower Bollinger Band (6.393).