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President Donald Trump said Sunday that he plans to appoint a new national security advisor in about six months, telling reporters the former advisor, Mike Waltz, did not resign, but was instead tapped for an upgraded position as the administration’s ambassador to the United Nations.

Trump spoke with reporters on Air Force One on Sunday night, where he was asked about several topics, including the trade deals, Mexican cartels and the national security advisor position.

One reporter asked the president about Waltz’s exit as the national security advisor, which the president said he was being selected for what he called a ‘higher position,’ or an ‘upgrade.’

Trump also said Waltz did not make any mistakes, and, as the ambassador to the UN, he would do a good job.

‘I didn’t lose confidence in him,’ Trump said. ‘He’s going to the United Nations for a reason. To me, I think it’s personally, if I had assurance for myself… I’d rather have that job than the other.’

He also reiterated that Waltz did not resign, but instead, Trump moved him.

‘There was no resignation,’ the president said.

Waltz and other National Security Council staffers were ousted from their office on Thursday in the most high-profile executive office exits of the second Trump administration. Trump’s announcement on naming Waltz as U.N. ambassador unfolded just hours after the news began circulating. 

Trump told reporters Sunday that he plans to appoint someone to the national security advisor position within six months, saying there are a lot of people who want the job, which works into Secretary of State Marco Rubio’s – the interim national security advisor – current responsibilities.

The president was specifically asked if White House deputy chief of staff Stephen Miller was being considered for the role.

‘Stephen Miller at the top of the totem pole? I mean, I think he sort of indirectly already has that job… because he has a lot to say about a lot of things,’ Trump said. ‘He’s a very valued person in the administration, Stephen Miller.’

The president was also asked if any trade deals would be announced this week, answering that there could be some coming.

But when pressed if he could say more about the deals, Trump held back.

‘Nobody understands,’ he said. ‘We’re negotiating with many countries. But at the end of this, I’ll set my own deals because I set the deal. They don’t set the deal. I set the deal.’

Trump said he is meeting with almost all of the countries regarding trade deals, including China.

Explaining the process further, Trump said he will set the tariff, and a country could agree to it or not.

‘They don’t have to deal with us, which is ok, because we lost under Biden. We’re losing $5 billion a day,’ he said. ‘Think of it. $5 billion a day. Now we’re not dealing with China at all because of the tariffs… Because of that, we’re saving billions of dollars.’

During the gaggle, a reporter also asked if it was true that he offered to send U.S. troops to Mexico to take care of the cartels.

‘It’s true because they should be. They are horrible people that have been killing people left and right,’ Trump said. ‘They’ve made a fortune in selling drugs and destroying other people.’

He explained that the cartels are responsible for importing fentanyl into the U.S., which has killed over 300,000 people this year.

Trump called the cartel members ‘bad news.’

‘If Mexico wanted help with the cartels, we would be honored to go in and do it,’ Trump said ‘I told [Mexican President Claudia Sheinbaum] that I would be honored to go in and do it. The cartels are trying to destroy our country. They’re evil.’

The offer was ultimately rejected, which Trump said was because Sheinbaum is afraid of the cartels, so afraid that she ‘can’t even think straight.’

This post appeared first on FOX NEWS

Former Vice President Mike Pence was honored on Sunday night for his actions on Jan. 6, 2021, in defying his then-boss, President Donald Trump.

Pence received the John F. Kennedy Profile in Courage Award for his refusal to honor Trump’s request to throw out the results of the 2020 presidential election, and instead oversaw congressional certification of former President Joe Biden’s Electoral College victory.

‘Vice President Pence put his life career and that of his family on the line to execute his constitutional responsibilities. His actions preserved the fundamental democratic principle of free and fair elections and we are proud to honor him,’ former ambassador Caroline Kennedy, the late President Kennedy’s daughter, said in presenting Pence with the award.

Pence, in accepting the annual award, emphasized that it’s a ‘distinction that I will cherish for the rest of my life.’

And the former vice president, pointing to his actions on Jan. 6, said to a standing ovation, ‘I will always believe by God’s grace that I did my duty that day.’

In a Fox News Digital interview minutes after the awards ceremony, Pence said, ‘in all my travels across the country in the last four years, I’ve been deeply humbled by how many Americans have come up to me and just taken a point to encourage us and support us, and it convinces me that the American people know that what ever differences we may have, the Constitution is the common ground on which we stand.’

The now-65-year-old Pence was Indiana’s governor when Trump named him his running mate in 2016. For four years, Pence served as the loyal vice president to Trump during the president’s first term in the White House.

However, everything changed on Jan. 6, 2021, as right-wing extremists — including some chanting ‘hang Mike Pence’ — stormed the U.S. Capitol aiming to upend congressional certification, overseen by Pence as part of his constitutional duties as vice president, of Biden’s Electoral College victory.

The attack on the Capitol took place soon after Trump spoke to a large rally of supporters near the White House about unproven claims that the 2020 election was ‘rigged’ due to massive ‘voter fraud.’

Pence has long described the violent attack on the Capitol as ‘tragic’ and dishonoring to ‘the millions of people who had supported our cause around the country.’ He has emphasized that he did ‘the right thing’ and performed his ‘duty under the Constitution.’ He has also noted a number of times that he and Trump may never ‘see eye to eye on that day.’

While Pence, his family and top aides were hastily moved by Secret Service agents as rioters roamed the halls of the Capitol, Trump argued in a social media post that ‘Mike Pence didn’t have the courage to do what should have been done to protect our Country and our Constitution, giving States a chance to certify a corrected set of facts, not the fraudulent or inaccurate ones which they were asked to previously certify.’

Pence rejected the advice of the Secret Service that he flee the Capitol, and after the rioters were eventually removed from the Capitol, he resumed his constitutional role in overseeing the congressional certification ceremony.

The former vice president has repeatedly refuted Trump’s claim that he could have overturned the presidential election results. Despite that, hardcore Trump loyalists have never forgiven Pence, whom they view as a traitor, for refusing to assist the president’s repeated efforts to overturn the 2020 election results.

Pence in June 2023 launched a presidential campaign of his own, joining a large field of challengers to Trump gunning for the 2024 GOP nomination, becoming the first running mate in over 80 years to run against their former boss.

Pence ran on a traditional conservative platform, framing the future of the Republican Party against what he called the rise of ‘populism’ in the party. 

Among the slim anti-Trump base of the Republican Party, Pence received praise for his courage during the attack on the Capitol, often receiving thanks at town halls during his campaign for standing up to Trump. 

While Pence regularly campaigned in the crucial early-voting states of Iowa, New Hampshire and South Carolina, his White House bid never took off. Struggling in the polls and with fundraising, he suspended his campaign just four and a half months after declaring his candidacy.

The Profile in Courage Award is named for a book the late John F. Kennedy published in 1957 before he became president.

The award honors public officials who take principled stands despite the potential political or personal consequences. Among the previous recipients were former Presidents Barack Obama, George H.W. Bush and Gerald Ford.

Jack Schlossberg, JFK’s grandson, who introduced the former vice president at the awards ceremony, said Pence ‘saved America that day.’

Caroline Kennedy, in honoring the former vice president, noted her ‘political differences’ with Pence, but emphasized that ‘political courage is not outdated in the United States.’

And Pence, a well-known fiscal and social conservative, joked about speaking in front of an audience dominated by Democrats, saying that he was ‘the minority in this room.’

After dropping his own bid for the White House, Pence declined to endorse Trump, even after Trump clinched the GOP nomination last spring, though he did congratulate his former running mate after his victory last November.

Trump and Pence were seen shaking hands at former President Jimmy Carter’s funeral in early January – their first public appearance together in nearly four years.

Pence has emerged as a rare vocal Republican critic of Trump so far during the president’s second tour of duty in the White House.

He has critiqued Trump’s controversial and haphazard implementation of massive tariffs on America’s largest trading partners, which initially sparked a massive stock market sell-off, and raised concerns of increased inflation and talk of a recession.

He has also criticized the president’s upending of longstanding American foreign policy and has urged Trump to stand with longtime international allies.

Pence’s public advocacy group, Advancing American Freedom, also campaigned against the nomination of Robert F. Kennedy Jr. to lead the nation’s health agencies.

This post appeared first on FOX NEWS

Rep. Marjorie Taylor Greene, R-Ga., expressed her frustrations on a variety of political topics on Friday, stating in a post on X that she represents the Republican base and if she’s unhappy, the base is too.

The congresswoman suggested that the situation does not bode well for future elections, as President Donald Trump will not be on the ballot.

‘I represent the base and when I’m frustrated and upset over the direction of things, you better be clear, the base is not happy,’ Greene wrote. ‘When you are losing MTG, you are losing the base. And Trump isn’t on the ballot in the future, so do the math on that.’

Fox News Digital reached out to Greene’s office for a comment on her post, but did not receive a response by the time of publication.

‘I campaigned for no more foreign wars. And now we are supposedly on the verge of going to war with Iran. I don’t think we should be bombing foreign countries on behalf of other foreign countries especially when they have their own nuclear weapons and massive military strength,’ the lawmaker wrote.

She has expressed staunch opposition to the minerals deal the Trump administration struck with Ukraine last week. 

The White House indicated that the ‘partnership between the United States and Ukraine establishes a fund that will receive 50% of royalties, license fees, and other similar payments from natural resource projects in Ukraine.’

Ukrainian official Yulia Svyrydenko noted, ‘the Fund will be financed exclusively from NEW licenses,’ and the U.S. ‘will contribute to the Fund. In addition to direct financial contributions, it may also provide NEW assistance — for example, air defense systems for Ukraine.’

Greene asked in her post, ‘Why on earth would we go over and occupy Ukraine and spend an untold amount of future American taxpayer dollars defending and mining their minerals as well as potentially putting American lives at risk and future war? Why don’t we just mine our own rare earth minerals that are tied up on federal lands that the government confiscated years ago?’

Another issue Greene expressed frustration with is the coronavirus pandemic, specifically the COVID-19 vaccines.

‘I also campaigned on accountability for the communist and tyrannical acts made by the government during Covid. Yet the Covid vaccine still has FDA approval even though there are millions reported injuries and deaths, and this mRNA vaccine is known to have horrific side effects and DOES NOT STOP PEOPLE FROM CATCHING COVID. And to this day, it’s still on the childhood vaccine schedule, why on earth is this happening?’ she asked.

This post appeared first on FOX NEWS

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday.

In recent days, Temu has abruptly shifted its website and app to only display listings for products shipped from U.S.-based warehouses. Items shipped directly from China, which previously blanketed the site, are now labeled as out of stock.

Temu made a name for itself in the U.S. as a destination for ultra-discounted items shipped direct from China, such as $5 sneakers and $1.50 garlic presses. It’s been able to keep prices low because of the so-called de minimis rule, which has allowed items worth $800 or less to enter the country duty-free since 2016.

The loophole expired Friday at 12:01 a.m. EDT as a result of an executive order signed by President Donald Trump in April. Trump briefly suspended the de minimis rule in February before reinstating the provision days later as customs officials struggled to process and collect tariffs on a mountain of low-value packages.

The end of de minimis, as well as Trump’s new 145% tariffs on China, has forced Temu to raise prices, suspend its aggressive online advertising push and now alter the selection of goods available to American shoppers to circumvent higher levies.

A Temu spokesperson confirmed to CNBC that all sales in the U.S. are now handled by local sellers and said they are fulfilled “from within the country.” Temu said pricing for U.S. shoppers “remains unchanged.”

“Temu has been actively recruiting U.S. sellers to join the platform,” the spokesperson said. “The move is designed to help local merchants reach more customers and grow their businesses.”

Before the change, shoppers who attempted to purchase Temu products shipped from China were confronted with “import charges” of between 130% and 150%. The fees often cost more than the individual item and more than doubled the price of many orders.

Temu advertises that local products have “no import charges” and “no extra charges upon delivery.”

The company, which is owned by Chinese e-commerce giant PDD Holdings, has gradually built up its inventory in the U.S. over the past year in anticipation of escalating trade tensions and the removal of de minimis.

Shein, which has also benefited from the loophole, moved to raise prices last week. The fast-fashion retailer added a banner at checkout that says, “Tariffs are included in the price you pay. You’ll never have to pay extra at delivery.”

Many third-party sellers on Amazon rely on Chinese manufacturers to source or assemble their products. The company’s Temu competitor, called Amazon Haul, has relied on de minimis to ship products priced at $20 or less directly from China to the U.S.

Amazon said Tuesday following a dustup with the White House that had it considered showing tariff-related costs on Haul products ahead of the de minimis cutoff but that it has since scrapped those plans.

Prior to Trump’s second term in office, the Biden administration had also looked to curtail the provision. Critics of the de minimis provision argue that it harms American businesses and that it facilitates shipments of fentanyl and other illicit substances because, they say, the packages are less likely to be inspected by customs agents.

This post appeared first on NBC NEWS

The S&P 500 index and its ETFs like SPY and VOO have bounced back in the past few weeks as investors buy the dip and bet that the worst is now behind us. After crashing to a low of $480 in April, the S&P 500 Index has jumped to $560, and is targeting the all-time high of $610. This article explains why one should not sell in May and go away, as the old saying suggests.

SPY ETF has numerous catalysts in May

Selling the S&P 500 Index in May and going away is risky because it has numerous catalysts that may push it higher this month.

The first catalyst comes from an unlikely source: the weak US economic data. Numbers released this week sent a red alert on the state of the American economy as Donald Trump’s trade war starts to bite.

It started on Tuesday when the US published weak consumer confidence report. According to the Conference Board, consumer confidence dropped to 87, the lowest level in years as many of them expressed worries about inflation and the labor market. 

On the following day, the US published weak trade numbers that revealed that the trade deficit surged to a record high as companies rushed to buy ahead of tariffs. 

Further data showed that the private sector added just 61,000 jobs in April, missing the expected figure by far. More numbers revealed that the economy contracted by 3% in the first quarter. 

While these numbers were all bad, they are good news for the stock market as they will trigger a reaction from the Federal Reserve and Donald Trump. Historically, the Fed reacts to major black swan events by cutting interest rates and implementing quantitative easing (QE). 

Therefore, the Fed will likely start pivoting in the coming months, which will boost the stock market.

Trump and China talks

The other reason not to sell the S&P 500 Index in May is that there are signs that the US and China will start negotiations on trade. 

Donald Trump has signaled that he will be ready to talk with China. And the WSJ has reported that he will be ready to make his first offer of cutting his 145% tariff to 50% at the start of talks.

On Friday, Beijing also said that it was assessing the possibility of trade talks with the United States. Such a move would end the stalemate that has been there in the past 30 days. 

While a deal will not come soon, signs of negotiations will be welcome by investors and push them higher in the coming months. An OCBC analyst warned that there will be volatility along the way, saying:

“The high level of reciprocal tariffs on China is not sustainable, so the market expects the US and China to start negotiating at some point. The beginning of negotiations will likely drive market volatility again because it is not expected to be plain sailing.”

S&P 500 Index technical analysis

S&P 500 Index chart by TradingView

The weekly chart shows that the S&P 500 Index bottomed at $482 in April, and has bounced back to $560. It has jumped above the 100-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has pointed upwards. 

Therefore, the index will likely continue rising this month. If this happens, the next point to watch will be at $610, the highest point earlier this year. A move above that level will point to more gains towards $700.

The post S&P 500 Index: Time to sell the SPY ETF in May and go away? appeared first on Invezz

The US Dollar Index (DXY) bounced back and retested the crucial resistance level at $100 after a series of economic data and hopes of a trade deal between the United States and China rose. The index will be in focus this week as the Federal Reserve delivers its interest rate decision amid pressure from President Donald Trump.

US Dollar Index rose after series of mixed data

The US Dollar Index rose from last month’s low of $97.94 to the resistance point at $100 after a series of mixed macro numbers. 

First, a report by the Conference Board noted that the consumer confidence crashed to 86 in April as concerns about inflation, jobs, and Trump’s tariffs rose. The figure has dropped sharply in the past few months, risking a recession in the US.

Second, another figure by ADP showed that the private sector created 61,000 jobs in April, much lower than the expected 114K. This figure was then offset by Friday’s nonfarm payrolls data, which revealed that the economy created 177k jobs during the month.

The NFP figure also showed that the unemployment rate remained unchanged at 4.2%, while wage growth stalled. Still, analysts believe that the labor market will soften in the coming months if tariffs remain. 

Third, a closely-watched report showed that US trade deficit surged to a record high as companies rushed to buy abroad ahead of tariffs. The implication of all this is that the soaring imports led to a contraction of the economy in the first quarter.

Further, the headline and core personal consumption expenditure (PCE) numbers retreated slightly in February. 

Federal Reserve interest rate decision ahead

Looking ahead, the DXY Index will react to the coming Federal Reserve interest rate decision. Economists unanimously say that the bank will not cut interest rates in this meeting. 

Jerome Powell and most officials have hinted that the bank will not cut interest rates until data shows that inflation was moving downwards. 

As such, the Fed will signal that rates will remain at the current level for a while as it observes trends in inflation. Most Fed officials believe that inflation will start going up in the coming weeks because of Trump’s tariffs.

Trump has implemented a 145% tariff on Chinese goods, pushing some sellers like Temu and Shein to hike prices. On the positive side, there are signs that Trump is considering negotiations with China. China has also hinted that it was ready to negotiate.

US Dollar Index technical analysis

DXY Index chart | Source: TradingView

The daily chart reveals that the DXY Index has bounced back after tumbling to a low of $97.94 last month. 

However, there is a risk that the recovery will end soon as the index has already formed a death cross pattern. This pattern forms when the 50-day and 200-day Exponential Moving Averages (EMA) cross each other. 

The index has also formed an inverse cup and handle pattern, a popular continuation sign. This rebound is part of the formation of the handle section. 

Therefore, the US Dollar Index will likely resume the downtrend this month. If this happens, the next point to watch will be at $97.95, the lowest swing on April 22. 

The post DXY Index: Chart shows the US Dollar Index crash is not over yet appeared first on Invezz

The Dow Jones Industrial Average Index has bounced back in the past few months as investors buy the dip and predict that the worst is behind us for now. The index, which tracks diverse companies in the US, has jumped from a low of $36,627 in April to $41,317 today. So, is this the start of a new bull market or is it still good to sell in May and go away?

Why the Dow Jones Index has surged

The Dow Jones and other American indices have soared recently for four main reasons, including:

  • The rising odds of talks between the US and China. 
  • Strong corporate earnings growth.
  • Weak US data that raise the odds of a Federal Reserve pivot.
  • Strong technicals

The first main reason why the Dow Jones is soaring is that there are signs that the US and China will start talking soon. These talks may push the two to end their virtual embargo as tariffs remain in their triple digits. The US is charging China a 145% tariff, while China is charging 134%.

We reported that China was open to negotiate with the US. And according to the WSJ, the country is considering making an offer on dealing with fentanyl to the US. The US is also considering lowering tariffs at the start of talks. 

Further, the Dow Jones Index jumped because of the strong corporate growth. Data shows that the 72% of all companies in the S&P 500 Index have already published their financial results. Of these, the blended earnings growth has been 12.8%, the second-straight quarter of double-digit growth. 

Still, analysts believe that these earnings were transitory as they came before the Liberation Day speech that implemented large tariffs. As such, there is a risk that American companies will publish weak results in the coming months.

Weak US data and the Federal Reserve pivot

The Dow Jones Index bounced back after the US published weak economic data. These numbers revealed that the economy contracted a bit in the first quarter as imports surged sharply. 

Another report showed consumer confidence tumbled in April, while the core PCE inflation figure dropped sharply.

Therefore, these numbers mean that the Federal Reserve may start its pivot soon. While economists don’t see it slashing rates this week, there is a hope that it will point to a cut in the next meeting in June.

Historically, the Fed tends to cut interest rates when there is a major black swan event such as during the Covid-19 pandemic and the dot-com bubble.

The Dow Jones has also jumped because of the ongoing global stocks jump. Top indices like the Dow Jones, FTSE 100, and CAC 40 have all bounced back lately.

Dow Jones technical analysis

Dow Jones chart by TradingView

The Dow Jones Index has also bounced back because of its strong technicals. It has already jumped above the 50-day Exponential Moving Average (EMA), a sign that it is gaining momentum. 

It has jumped above the crucial resistance point at $40,772, the highest swing on April 5. It also rose above the major S/R pivot point of the Murrey Math Lines tool. 

Oscillators like the Relative Stregth Index (RSI) and Stochastic have pointed upwards. Therefore, the index will likely continue rising as bulls target the key resistance point at $42,000. A drop below the support at $40,000 will invalidate the bullish outlook.

The post Top reasons the Dow Jones is rising, and next price to watch appeared first on Invezz

The Dow Jones Industrial Average Index has bounced back in the past few months as investors buy the dip and predict that the worst is behind us for now. The index, which tracks diverse companies in the US, has jumped from a low of $36,627 in April to $41,317 today. So, is this the start of a new bull market or is it still good to sell in May and go away?

Why the Dow Jones Index has surged

The Dow Jones and other American indices have soared recently for four main reasons, including:

  • The rising odds of talks between the US and China. 
  • Strong corporate earnings growth.
  • Weak US data that raise the odds of a Federal Reserve pivot.
  • Strong technicals

The first main reason why the Dow Jones is soaring is that there are signs that the US and China will start talking soon. These talks may push the two to end their virtual embargo as tariffs remain in their triple digits. The US is charging China a 145% tariff, while China is charging 134%.

We reported that China was open to negotiate with the US. And according to the WSJ, the country is considering making an offer on dealing with fentanyl to the US. The US is also considering lowering tariffs at the start of talks. 

Further, the Dow Jones Index jumped because of the strong corporate growth. Data shows that the 72% of all companies in the S&P 500 Index have already published their financial results. Of these, the blended earnings growth has been 12.8%, the second-straight quarter of double-digit growth. 

Still, analysts believe that these earnings were transitory as they came before the Liberation Day speech that implemented large tariffs. As such, there is a risk that American companies will publish weak results in the coming months.

Weak US data and the Federal Reserve pivot

The Dow Jones Index bounced back after the US published weak economic data. These numbers revealed that the economy contracted a bit in the first quarter as imports surged sharply. 

Another report showed consumer confidence tumbled in April, while the core PCE inflation figure dropped sharply.

Therefore, these numbers mean that the Federal Reserve may start its pivot soon. While economists don’t see it slashing rates this week, there is a hope that it will point to a cut in the next meeting in June.

Historically, the Fed tends to cut interest rates when there is a major black swan event such as during the Covid-19 pandemic and the dot-com bubble.

The Dow Jones has also jumped because of the ongoing global stocks jump. Top indices like the Dow Jones, FTSE 100, and CAC 40 have all bounced back lately.

Dow Jones technical analysis

Dow Jones chart by TradingView

The Dow Jones Index has also bounced back because of its strong technicals. It has already jumped above the 50-day Exponential Moving Average (EMA), a sign that it is gaining momentum. 

It has jumped above the crucial resistance point at $40,772, the highest swing on April 5. It also rose above the major S/R pivot point of the Murrey Math Lines tool. 

Oscillators like the Relative Stregth Index (RSI) and Stochastic have pointed upwards. Therefore, the index will likely continue rising as bulls target the key resistance point at $42,000. A drop below the support at $40,000 will invalidate the bullish outlook.

The post Top reasons the Dow Jones is rising, and next price to watch appeared first on Invezz

Memecoin markets are evolving, and CartelFi is betting that passive income will be the next wave.

With its presale crossing $1,542,503 in early May, CartelFi is positioning itself as a decentralised finance (DeFi) layer built for meme tokens—assets often known more for their volatility than their utility.

Instead of selling these tokens, CartelFi allows holders to stake them and earn yield through a native token called CARTFI. The platform’s pitch is clear: if meme tokens have value, they should work harder for their holders.

The project runs on Ethereum and offers staking rewards up to 1000% annual percentage yield (APY), far above typical DeFi returns.

While the platform is still pre-launch, the three-month presale format with fixed price increases and structured burns is gaining traction.

In a landscape dominated by speculative meme tokens like Bonk or Dogwifhat, CartelFi’s approach combines meme-driven virality with mechanisms usually found in more serious DeFi protocols.

Not just a meme: DeFi mechanics for idle tokens

Unlike PEPE or WIF, which trade purely on market sentiment, CartelFi introduces staking as its primary use case.

Users can deposit meme coins into fixed-term pools and earn rewards in CARTFI, which is then bought back and partially burned using protocol fees.

This model blends deflationary supply with redistributive rewards—both features aimed at increasing long-term token value.

The project has three staking tiers. The highest-yield option is a six-month lock at a 1000% APY. Four-month and three-month pools offer 250% and 150% APYs, respectively.

Though aggressive, the model is structured to incentivise long-term holding while driving transaction volume through burns.

Platform fees are used to buy CARTFI off the market, and 50% of those tokens are destroyed permanently—reducing supply as usage grows.

A fixed cap and rising presale

CartelFi’s token supply is capped at 1 billion CARTFI. Twenty-five percent is reserved for presale investors, with another 25% earmarked for liquidity and trading incentives post-launch.

The rest is split between ecosystem development, community marketing, staking rewards, and treasury.

The presale began on 8 April 2025 and will end in July. Every 72 hours, the token price rises by 5%—a model intended to reward early entrants. Buyers can use ETH, SOL, BNB, USDC, or USDT to purchase CARTFI.

At the time of writing, CartelFi has already moved through multiple pricing stages and raised over $1.5 million, with further interest expected as centralised exchange listings and staking pools go live in Q3.

How CartelFi compares in today’s market

CartelFi’s entry comes as the memecoin market faces saturation. Coins like Bonk and Dogwifhat exploded in popularity in late 2024, but offered no built-in yield.

WIF remains speculative, and Bonk, despite its community strength, lacks a deflationary supply or utility. CartelFi instead targets that gap—building on the assumption that meme assets are here to stay, and that holders will eventually want more than price speculation.

Compared to traditional DeFi tokens like AAVE or COMP, CartelFi’s model is narrower in scope but more aggressive in its design.

Where blue-chip DeFi platforms offer single- or double-digit APYs, CartelFi makes high-yield staking central to its protocol, with fees recycled into rewards and buybacks.

Whether this translates into long-term sustainability will depend on adoption post-presale, but for now, it presents a novel approach in a crowded market.

The post CartelFi hits $1.5m in presale as memecoins move into DeFi appeared first on Invezz

Even though AI stocks have taken a significant hit this year due to Trump tariffs and concerns of a looming recession ahead, they remain at the front and centre of all financial debates in 2025.

According to Ajit Jain, the vice chairman of the insurance operations at Berkshire Hathaway, it is beyond doubt that artificial intelligence is going to be a game-changer in the insurance industry.

It will dramatically change the way “we assess risk, we price risk, we sell risk, and then the way we end up paying claims,” he said at the Berkshire Hathaway’s annual meeting this weekend.

However, Jain confirmed that Berkshire has a habit of being in the “wait and see” mode until the opportunity “crystalizes” – and, therefore, “conscious big-time effort in terms of pouring a lot of money into this opportunity.”

Jain’s remarks suggest he’s convinced that AI is a huge opportunity that will continue to evolve and transform industries not just in the next few months but over the next few years instead.

That’s what makes AI-focused investments like the up-and-coming PepeX and exciting investment opportunity for 2025.

PepeX has an AI story behind it

PepeX advertises itself as the “world’s first AI-powered tokenization launchpad”.

It’s a crypto platform that enables users to tap into the magic of artificial intelligence to launch new memes with greater ease and efficiency than ever before.

More importantly, the use of artificial intelligence lets you automate meme marketing as well and enhances the chances of it going viral.

Eliminating the need for coding skills, PepeX wants to make meme coin launches more accessible, fair, and efficient. It’s a powerful narrative that’s been driving significant interest into the native PepeX meme coin in recent weeks.

PepeX presale has raised more than $1.9 million already. If you’re interested in learning more about PepeX and its native meme coin, click here to visit the project website now.

PepeX may be warming up to an explosive rally

It’s believable that PepeX price will unlock significant further upside moving forward since the meme coin is even yet to list on a crypto exchange.

Once coins go live on an exchange, access to them improves drastically, which historically drives massive interest that ultimately translates to a higher price tag.

Knowing that meme coins, especially ones that have a story behind, tend to offer explosive initial returns, it’s likely that PepeX will rally post-listing in the coming months.

Plus, there are broader crypto tailwinds, including a sharp potential rally in BTC and a further decline in interest rates that could end up benefiting PepeX as well in 2025.

Want to explore ways to participate in PepeX meme coin presale today? Click here to visit its website now.

The post PepeX price prediction as Berkshire says AI will prove game-changing appeared first on Invezz