Jai Hamid

Abuja

Writer at Cryptopolitan

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Articles

Bitcoin, Ether, XRP, and Solana crash as US drops bombs on Iran's nuclear sites

6 days ago | cryptopolitan.com | Jai Hamid

Bitcoin crashed below six figures for the first time in over a month on Saturday, falling to $99,822, after US President Donald Trump announced American fighter jets had bombed three Iranian nuclear sites. In a post on Truth Social, Trump wrote:“We have completed our very successful attack on the three Nuclear sites in Iran, including Fordow, Natanz, and Esfahan. All planes are now outside of Iran air space. A full payload of BOMBS was dropped on the primary site, Fordow.
Switzerland still jumping into forex despite America's increased scrutiny

6 days ago | cryptopolitan.com | Jai Hamid

Switzerland is charging ahead with its plan to keep intervening in foreign exchange markets, even after the US government flagged the country for possible currency manipulation. On Thursday, the Swiss National Bank (SNB) dropped its key interest rate to 0%, and Chairman Martin Schlegel told Swiss broadcaster SRF on Saturday that monetary policy will continue to include forex actions if needed to control inflation.
Tesla’s value depends on what you think it actually is

1 week ago | cryptopolitan.com | Jai Hamid

Tesla’s market cap sits somewhere between $370 billion and $1.6 trillion, depending on who’s talking. The numbers change based on whether people see the company as just another EV maker or a tech company betting its future on robotaxis and humanoid robots. According to Bloomberg, analysts’ 12-month targets on Tesla’s stock range from $115 to $500, a split so wide it’s nearly unmatched in the S&P 500. That gap is where the argument begins.
South Korea will start US trade meeting on June 22nd

1 week ago | cryptopolitan.com | Jai Hamid

South Korea is sending Trade Minister Yeo Han-koo to Washington from June 22 to 27 to hold new trade talks with the United States, according to Reuters. The trip will involve meetings with US Trade Representative Jamieson Greer, as both sides head into the third round of technical discussions. No one’s saying what exactly is on the table, and no full meeting schedule has been shared yet. Officials on both ends are keeping it vague, likely because neither government is fully staffed.
US regulators question Tesla’s self-driving safety in storms

1 week ago | cryptopolitan.com | Jai Hamid

Federal auto regulators in the US are now combing through responses from Tesla after demanding answers about how its robotaxi system handles bad weather, according to Reuters. The National Highway Traffic Safety Administration (NHTSA) confirmed on Friday that it received and is now reviewing a response from Tesla, which had until June 19 to reply to a list of safety questions.
Russia now holds over $25 billion in crypto

1 week ago | cryptopolitan.com | Jai Hamid

Russia’s crypto asset holdings have reportedly blown past 2 trillion rubles, worth more than $25.4 billion, by June 2025, according to Vasily Girya, CEO of GIS Mining, while speaking at the St. Petersburg International Economic Forum (SPIEF 2025). Russian companies are making large mining orders. This means more capital is flowing straight into the infrastructure of crypto. The money’s being directed into large-scale mining, not simple retail setups.
Mira Murati’s AI lab just hit a $10 billion valuation after raising $2 billion

1 week ago | cryptopolitan.com | Jai Hamid

Mira Murati just closed a $2 billion seed round for her new AI company, Thinking Machines Lab, pushing its valuation to $10 billion, even though the company’s only been alive for six months and hasn’t shared anything about what it’s building. The deal just wrapped up, and people directly involved reportedly say it’s one of the largest early-stage rounds ever done in Silicon Valley. That’s not just rare. That’s almost unheard of.
Taiwan says US borrowing binge risks trust in its bonds

1 week ago | cryptopolitan.com | Jai Hamid

Taiwan’s central bank dropped a clear warning on Saturday: the US is racking up too much debt, and that’s shaking trust in its Treasury bonds. Central Bank Governor Yang Chin-long said the country’s ballooning budget, combined with Donald Trump’s economic policies, is creating doubt in the stability of US sovereign debt. Taiwan holds $593 billion in foreign reserves, and over 80% of that is sitting in US Treasuries.
Putin says BRICS "mutual trade is now over $1 trillion and still growing"

1 week ago | cryptopolitan.com | Jai Hamid

Trade between BRICS countries has now passed $1 trillion, and Russian President Vladimir Putin says that number keeps climbing. Speaking on Friday at the St. Petersburg International Economic Forum, Putin told the crowd at the plenary session that BRICS is growing in economic weight.
China’s housing market is sinking, and fewer people are left to save it

1 week ago | cryptopolitan.com | Jai Hamid

China’s housing market is collapsing and there’s no one left to rescue it. Developers are stuck, buyers are missing, and the population is falling off a cliff. The country’s real estate mess didn’t start this year. It’s been spiraling since late 2020, and now the final nail is demographic: fewer people are alive to buy homes. That means more empty apartments, fewer home sales, and a property sector bleeding out with no real solution. The numbers are brutal.