Donald Trump's win is perceived as a significant turning point for digital assets. The cryptocurrency industry expects a massive switch in policy. Investors anticipate Trump to deliver on campaign promises with the projected republican majority in Congress.

This includes appointments of crypto-friendly officials across regulatory agencies and pro-crypto executive orders. Business experts say that Trump will act on his pledge as a "Crypto president" and he will use executive orders to prevent banks from blocking crypto firms.

While the fervour cooled on Thursday &amp; Friday, bitcoin continued its rally and is still close to its record high of 93,000 dollars.

Some analysts now project the OG token to reach the 100,000-dollar mark. The re-election of Trump has set the stage for the adoption of crypto legislation.

Crypto companies were under regulatory scrutiny from the SEC and other agencies during the Biden administration.

Several enforcement actions were implemented, which hindered the industry's growth. A crypto-friendly regulatory environment is something Trump has promised.

Executives from the sector have been pushing for reforms such as the establishment of an advisory council for digital assets. And the appointment of a new chair to the Securities and Exchange Commission.

Blockchain and crypto companies like Kraken are optimistic because they see chances to expedite approval processes.

That will help crypto firms to grow without any fears of regulatory interference. Also, trump has promised to fire Gary Gensler, the head of the US Market regulator. Gensler is widely believed to be anti-crypto.

The industry has lobbied pro-crypto congressional candidates, spending over 119 million dollars in the latest election cycle.

The cryptocurrency industry is feeling more optimistic thanks to Trump's ambitious plan for a US Bitcoin strategic reserve.

According to industry executives, a new era will legitimise digital assets in mainstream finance. This may push for more transparency in regulatory mandates and a sturdy crypto economy.

Donald Trump's win is perceived as a significant turning point for digital assets. The cryptocurrency industry expects a massive switch in policy. Investors anticipate Trump to deliver on campaign promises with the projected republican majority in Congress.

Donald Trump's win is perceived as a significant turning point for digital assets. The cryptocurrency industry expects a massive switch in policy. Investors anticipate Trump to deliver on campaign promises with the projected republican majority in Congress. This includes appointments of crypto-friendly officials across regulatory agencies and pro-crypto executive orders. Business experts say that Trump will act on his pledge as a "Crypto president" and he will use executive orders to prevent banks from blocking crypto firms. While the fervour cooled on Thursday & Friday, bitcoin continued its rally and is still close to its record high of 93,000 dollars. Some analysts now project the OG token to reach the 100,000-dollar mark. The re-election of Trump has set the stage for the adoption of crypto legislation. Crypto companies were under regulatory scrutiny from the SEC and other agencies during the Biden administration. Several enforcement actions were implemented, which hindered the industry's growth. A crypto-friendly regulatory environment is something Trump has promised. Executives from the sector have been pushing for reforms such as the establishment of an advisory council for digital assets. And the appointment of a new chair to the Securities and Exchange Commission. Blockchain and crypto companies like Kraken are optimistic because they see chances to expedite approval processes. That will help crypto firms to grow without any fears of regulatory interference. Also, trump has promised to fire Gary Gensler, the head of the US Market regulator. Gensler is widely believed to be anti-crypto. The industry has lobbied pro-crypto congressional candidates, spending over 119 million dollars in the latest election cycle. The cryptocurrency industry is feeling more optimistic thanks to Trump's ambitious plan for a US Bitcoin strategic reserve. According to industry executives, a new era will legitimise digital assets in mainstream finance. This may push for more transparency in regulatory mandates and a sturdy crypto economy.

The crypto surge comes on Trump's pledge to be the ‘Crypto president’

Ahead of his second term as the US president, a potential showdown is brewing between Donald Trump and the CIA. At the center of this controversy are the classified files of the 1963 Assassination of the US President John F. Kennedy. Trump has repeatedly promised to release all remaining JFK Assassination documents, but experts warn that the CIA might resist, claiming National Security concerns. Watch in for more details!

US: JFK File Release Looms As Trump Prepares To Take On CIA In New Term

China's dream to have a "strong currency" one which is stable and increasing its influence in global trade is facing new challenges with former US President Donald Trump potentially returning to the White House, restarting trade tensions and adding pressure on the yuan. According to a detailed report published in Bloomberg, analysts predict greater risks for the yuan under Trump's policies.

Years of downward pressure awaits the yuan<o:p></o:p>

Further, as Trump prepares for a possible second term, analysts say years of downward pressure are ahead for the yuan. Investors are already betting against it for fear that another trade war between China and the US is soon to come, the Bloomberg report explained further.

In fact, some believe that by 2025, the yuan may break its 17-year low versus the dollar, with bearish forecasts suggesting a decline of up to 10 per cent. The yuan's flaws today far outweigh those seen in the previous trading war. Yields for Chinese government bonds are now much lower than those of the United States, foreign investments have shrunk, and China's economic growth is still up in the air, making it an even tougher currency to handle, the Bloomberg report explained further.

"We don't expect a renewed contest of wills between the PBOC and the US Treasury anytime soon," says emerging markets economist Adam Wolfe. But if it escalated to a full-blown trade war, the PBOC would allow the currency to erode further for exports to improve and to create a stronger position in bargaining with America. Already this is causing traders to place bets against the yuan. The onshore yuan touched its lowest in three months on Nov. 14 as major financial institutions forecasted the currency was likely to drop to its low point against the dollar at 7.351.

Analysts predict the yuan will stabilize at 7.5 against the dollar if Trump goes with his plan to impose 60 per cent tariffs on Chinese goods, as he has previously suggested. Others, for example, UBS and Societe Generale, predict further depreciation by year's end. Possible exchange rates hit as high as 7.60-7.70 in 2025. The worst-case sees yuan value at 8 per dollar-a level that was last, uh, written for in 2006.

Weaker yuan is expected to boost exports<o:p></o:p>

Another key question is how the PBOC will react. So, a weaker yuan will boost exports, but letting the currency fall too far might hamper economic stability, trigger capital flight, and invite international criticism. Large devaluation may reignite accusations that it is using monetary policy for competitive devaluation after all when it let the daily fixing rate of the yuan drop 1.9 per cent in 2015, leading to a huge outflow of capital and depletion of foreign reserves.

While outright devaluation is still unlikely and comes with a number of risks, it has been fine-tuning its foreign exchange policy. These have included stronger daily fixing rates, adjustments in bank reserve requirements, and the encouragement of state-owned banks to better manage offshore market liquidity. These policies might perhaps mitigate some of the damage from US tariffs.

Interestingly, Trump's own desire for a weak dollar may ironically aid China. Weakening of the greenback would enable it to purchase more goods made in the United States, thereby potentially diminishing somewhat the effect of the levied tariffs on Chinese exportation. Still, analysts on Wall Street aren't convinced that Trump's policies will undo sufficiently enough as to really weaken the dollar.

Xi Jinping's hope of turning the yuan into a global currency will be tested. Faster depreciation of the yuan may risk this dream, forcing attention away from much-needed long-term financial soundness toward more short-term economic relief. China is adrift during these trying times, and its currency, along with its ambitions on the global map, remain shrouded in uncertainty, added the Bloomberg report.

Market participants and global investors will closely follow the US-China relationship going ahead. This will help them in taking informed investment decisions, because a possibility of a long-drawn trade war will result in global investors turning defensive.

China's dream to have a "strong currency" one which is stable and increasing its influence in global trade is facing new challenges with former US President Donald Trump potentially returning to the White House, restarting trade tensions and adding pressure on the yuan.

China's dream to have a "strong currency" one which is stable and increasing its influence in global trade is facing new challenges with former US President Donald Trump potentially returning to the White House, restarting trade tensions and adding pressure on the yuan. According to a detailed report published in Bloomberg, analysts predict greater risks for the yuan under Trump's policies. Years of downward pressure awaits the yuan Further, as Trump prepares for a possible second term, analysts say years of downward pressure are ahead for the yuan. Investors are already betting against it for fear that another trade war between China and the US is soon to come, the Bloomberg report explained further. In fact, some believe that by 2025, the yuan may break its 17-year low versus the dollar, with bearish forecasts suggesting a decline of up to 10 per cent. The yuan's flaws today far outweigh those seen in the previous trading war. Yields for Chinese government bonds are now much lower than those of the United States, foreign investments have shrunk, and China's economic growth is still up in the air, making it an even tougher currency to handle, the Bloomberg report explained further. "We don't expect a renewed contest of wills between the PBOC and the US Treasury anytime soon," says emerging markets economist Adam Wolfe. But if it escalated to a full-blown trade war, the PBOC would allow the currency to erode further for exports to improve and to create a stronger position in bargaining with America. Already this is causing traders to place bets against the yuan. The onshore yuan touched its lowest in three months on Nov. 14 as major financial institutions forecasted the currency was likely to drop to its low point against the dollar at 7.351. Analysts predict the yuan will stabilize at 7.5 against the dollar if Trump goes with his plan to impose 60 per cent tariffs on Chinese goods, as he has previously suggested. Others, for example, UBS and Societe Generale, predict further depreciation by year's end. Possible exchange rates hit as high as 7.60-7.70 in 2025. The worst-case sees yuan value at 8 per dollar-a level that was last, uh, written for in 2006. Weaker yuan is expected to boost exports Another key question is how the PBOC will react. So, a weaker yuan will boost exports, but letting the currency fall too far might hamper economic stability, trigger capital flight, and invite international criticism. Large devaluation may reignite accusations that it is using monetary policy for competitive devaluation after all when it let the daily fixing rate of the yuan drop 1.9 per cent in 2015, leading to a huge outflow of capital and depletion of foreign reserves. While outright devaluation is still unlikely and comes with a number of risks, it has been fine-tuning its foreign exchange policy. These have included stronger daily fixing rates, adjustments in bank reserve requirements, and the encouragement of state-owned banks to better manage offshore market liquidity. These policies might perhaps mitigate some of the damage from US tariffs. Interestingly, Trump's own desire for a weak dollar may ironically aid China. Weakening of the greenback would enable it to purchase more goods made in the United States, thereby potentially diminishing somewhat the effect of the levied tariffs on Chinese exportation. Still, analysts on Wall Street aren't convinced that Trump's policies will undo sufficiently enough as to really weaken the dollar. Xi Jinping's hope of turning the yuan into a global currency will be tested. Faster depreciation of the yuan may risk this dream, forcing attention away from much-needed long-term financial soundness toward more short-term economic relief. China is adrift during these trying times, and its currency, along with its ambitions on the global map, remain shrouded in uncertainty, added the Bloomberg report. Market participants and global investors will closely follow the US-China relationship going ahead. This will help them in taking informed investment decisions, because a possibility of a long-drawn trade war will result in global investors turning defensive.

Trump's return threatens Xi's ambition of 'Powerful Currency’

Ahead of his inauguration, US President-Elect Donald Trump sets the stage for his upcoming term, outlining key priorities and preparing for the transition of power. With a focus on economic reform, immigration, and national security, Trump's team works to finalize plans and key appointments before the official oath of office.

US President-Elect Donald Trump Lays Ground Before Oath

Ukrainian President Volodymyr Zelensky said (November 15, 2024) that Russia’s war against his country will “end sooner” than it otherwise would have done once Donald Trump becomes U.S. president next year.

Zelenskyy Says Donald Trump Will End Russia-Ukraine War

U.S President Elect Trump Starts Cabinet Formation. Former President Donald Trump's team is reportedly preparing a list of Pentagon officers to be dismissed, should he return to office.

U.S President Elect Trump Starts Cabinet Formation

Last week we asked how the U.S. President-elect Donald Trump will stop the wars in West Asia. We now focus on Donald Trump's appointments. In our top story we ask how Trump's cabinet will approach the ongoing wars in Gaza and Lebanon.

How Will Trump's Cabinet Reflect on Gaza & Lebanon War?

As Trump reclaims the White House, we look at how the President-Elect is going to reshape US politics and the world order. Will he emerge as a peacemaker in Russia-Ukraine war? Can he convince Benjamin Netanyahu to stop war in Gaza? How will he tackle relations with North Korea's Kim Jong-un? And will he pull out of Paris Climate Agreement again? Watch Trump 2 0: Deal and Domination on WION Wideangle

The Return Of 'Dealmaker' Donald Trump | WION Wideangle

In a significant development, Russia says it is open to negotiations on an end to the Ukraine war if initiated by U.S. President-elect Donald Trump. Moscow's ambassador to the UN in Geneva has said that any talks need to be based on the realities of Russian advances. The remarks come in the wake of indications of a shift in Ukraine's stand as well. Officials have said that Kyiv's stand may hinge not so much on territorial boundaries.

Russia-Ukraine War: Ukraine Under Pressure Amid Shifting Stances In White House

Robert F. Kennedy Jr. has been selected by President-elect Donald Trump to serve as his next secretary of the Department of Health and Human Services. Watch in for more details!

US: RFK Jr. To Head US Health Agency Dept Of Health & Human Services

US President-Elect Donald Trump has named lawmaker Matt Gaetz as his Pick for Attorney General as he continues to shape his administration ahead of taking up power in January. Watch in for more details!

Trump's Cabinet: Congressman Matt Gaetz Named As Attorney General

Bitcoin rallied above $93,000 for the first time on November 13, adding to its postelection rally, as traders dealt with October inflation data, according to a detailed report by CNBC. <o:p></o:p>

The price of the flagship cryptocurrency was last higher by more than 3 per cent at $92,612.27. At one point, it briefly rose to a fresh record of $93,469.08. The ongoing surging in the Bitcoin’s value is due to the anticipation of weaker regulations in the upcoming Trump administration. As promised by the President elect in many of his election rallies. <o:p></o:p>

Experts believe Trump’s embrace of cryptocurrencies during the presidential campaign and his venture into crypto trade is attracting investors on the hope and expectation that the new administration would be crypto-friendly, the CNBC report explained further.<o:p></o:p>

The Trump campaign accepted donations in cryptocurrency and he also appeared at industry events, promising to make the US “the crypto capital of the planet”.<o:p></o:p>

Traders have digested the most recent data<o:p></o:p>

Further, traders were digesting the most recent consumer price index, which showed prices increased 0.2 per cent in October, bringing the 12-month inflation rate up to 2.6 per cent. That was in line with expectations.<o:p></o:p>

Bitcoin, which has recently benefited from a big postelection rally across risk assets, is seen by many investors as a hedge against potential fiscal policy that could spark inflation. Many market participants have extremely high expectations from Bitcoin it is in part due to the tremendous rally in the price of the asset along with the optimism surrounding it. <o:p></o:p>

Other cryptocurrencies also got a small boost as traders digested the past week of postelection gains. Ether and the Solana token were each higher by about 1 per cent.<o:p></o:p>

Dogecoin added 3 per cent. It has been one of the biggest winners since the election due to Tesla CEO Elon Musk’s involvement in President-elect Donald Trump’s campaign and forthcoming role in his administration, which was announced Tuesday night.<o:p></o:p>

Now it will be interesting to see how the crypto-currencies behave going ahead, when once the Trump administration takes over. It will also be crucial to see how the government of US and the Federal Reserve manages the overall debt on the US economy going ahead by balancing inflation, demand and interest rates properly because as things stand there are going to be fiscal challenges for the US to deal with.<o:p></o:p>

Bitcoin rallied above $93,000 for the first time on November 13, adding to its postelection rally, as traders dealt with October inflation data, according to a detailed report by CNBC.

Bitcoin rallied above $93,000 for the first time on November 13, adding to its postelection rally, as traders dealt with October inflation data, according to a detailed report by CNBC. The price of the flagship cryptocurrency was last higher by more than 3 per cent at $92,612.27. At one point, it briefly rose to a fresh record of $93,469.08. The ongoing surging in the Bitcoin’s value is due to the anticipation of weaker regulations in the upcoming Trump administration. As promised by the President elect in many of his election rallies. Experts believe Trump’s embrace of cryptocurrencies during the presidential campaign and his venture into crypto trade is attracting investors on the hope and expectation that the new administration would be crypto-friendly, the CNBC report explained further. The Trump campaign accepted donations in cryptocurrency and he also appeared at industry events, promising to make the US “the crypto capital of the planet”. Traders have digested the most recent data Further, traders were digesting the most recent consumer price index, which showed prices increased 0.2 per cent in October, bringing the 12-month inflation rate up to 2.6 per cent. That was in line with expectations. Bitcoin, which has recently benefited from a big postelection rally across risk assets, is seen by many investors as a hedge against potential fiscal policy that could spark inflation. Many market participants have extremely high expectations from Bitcoin it is in part due to the tremendous rally in the price of the asset along with the optimism surrounding it. Other cryptocurrencies also got a small boost as traders digested the past week of postelection gains. Ether and the Solana token were each higher by about 1 per cent. Dogecoin added 3 per cent. It has been one of the biggest winners since the election due to Tesla CEO Elon Musk’s involvement in President-elect Donald Trump’s campaign and forthcoming role in his administration, which was announced Tuesday night. Now it will be interesting to see how the crypto-currencies behave going ahead, when once the Trump administration takes over. It will also be crucial to see how the government of US and the Federal Reserve manages the overall debt on the US economy going ahead by balancing inflation, demand and interest rates properly because as things stand there are going to be fiscal challenges for the US to deal with.

Bitcoin tops $93,000 as investors react to election and inflation data

Former President Donald Trump's team is reportedly preparing a list of Pentagon officers to be dismissed, should he return to office. The move is seen as part of his broader strategy to reshape the military leadership, with a focus on removing officials he deems disloyal or ineffective. The plan has raised concerns about potential political interference in military affairs.

Trump's Team Drawing Up List Of Pentagon Officers To Fire

Members of President-elect Donald Trump’s transition team are drawing up a list of military officers to be fired, potentially to include the Joint Chiefs of Staff, two sources said, in what would be an unprecedented shakeup at the Pentagon.

The planning for the firings is at an early stage after Trump’s Nov. 5 election victory and could change as Trump’s administration takes shape, said the sources, who are familiar with the Trump transition and requested anonymity to speak candidly about the plans.

One of the sources questioned the feasibility of a mass firing at the Pentagon.

It was also unclear if Trump himself would endorse the plan, although in the past he has railed extensively against defence leaders who have criticised him.&nbsp;

The Trump campaign did not immediately respond to request for comment.

The second source said the incoming administration would likely focus on U.S. military officers seen as connected to Mark Milley, Trump’s former chairman of the Joint Chiefs of Staff.

Milley was quoted in the book “War” by Bob Woodward, which was published last month, calling Trump “fascist to the core” and Trump’s allies have targeted him for perceived disloyalty to the former president.

“Every single person that was elevated and appointed by Milley will be gone,” the second source said.

“There’s a very detailed list of everybody that was affiliated with Milley. And they will all be gone.”

Also read:&nbsp;<a data-ved="2ahUKEwiXycr5kNyJAxWvka8BHW07O3cQxfQBKAB6BAgSEAE" href="https://www.wionews.com/world/pentagon-officials-brace-for-illegal-orders-from-donald-trump-reports-774744" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/pentagon-officials-brace-for-illegal-orders-from-donald-trump-reports-774744&amp;ved=2ahUKEwiXycr5kNyJAxWvka8BHW07O3cQxfQBKAB6BAgSEAE">Pentagon officials brace for `illegal` orders from Donald Trump: Report</a>

The Joint Chiefs of Staff include the highest ranking officers in the U.S. military and comprise the heads of the Army, Navy, Marines, Air Force, National Guard and Space Force.

The disclosure of plans to fire senior leaders of the U.S. armed forces comes a day after Trump picked Pete Hegseth, a Fox News commentator and veteran who has signalled a willingness to clean house at the Pentagon, as his defence secretary.

“The next president of the United States needs to radically overhaul Pentagon senior leadership to make us ready to defend our nation and defeat our enemies. Lots of people need to be fired,” Hegseth said in his 2024 book “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free.”

Also read:&nbsp;<a data-ved="2ahUKEwiXycr5kNyJAxWvka8BHW07O3cQxfQBKAB6BAgNEAE" href="https://www.wionews.com/world/white-house-and-pentagon-puzzled-after-swarm-of-mystery-drones-hover-over-us-military-base-for-17-days-767093" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/white-house-and-pentagon-puzzled-after-swarm-of-mystery-drones-hover-over-us-military-base-for-17-days-767093&amp;ved=2ahUKEwiXycr5kNyJAxWvka8BHW07O3cQxfQBKAB6BAgNEAE">White House and Pentagon puzzled after swarm of mystery drones hover over US military base for 17 days</a>

It is unclear if Hegseth’s lack of management experience could complicate his Senate confirmation and if a more traditional alternative for the position would carry out such sweeping dismissals.

Hegseth has also taken aim at Milley’s successor, Air Force General C.Q. Brown, asking whether he would have gotten the job if he were not Black.

“Was it because of his skin color? Or his skill? We’ll never know, but always doubt - which on its face seems unfair to CQ. But since he has made the race card one of his biggest calling cards, it doesn’t really much matter,” he wrote.

The first source familiar with the transition planning said Brown would be among the many officers to leave.

“The chiefs of the Joint Chiefs and all the vice chiefs will be fired immediately,” the source said, before noting that this was still only early planning.

Some current and former U.S. officials have played down the possibility of such a major shakeup, saying it would be unnecessary and disruptive at a time of global turmoil with wars raging in Ukraine and the Middle East.

The first source said that it would be difficult bureaucratically to fire and replace a large swath of senior U.S. military officials, suggesting the planning could be bluster and posturing by Trump allies.

But the second source suggested the Trump camp believed the Joint Chiefs of Staff needed to shrink due to perceived bureaucratic overreach.

Such cuts could be endured in an organization the scale of the U.S. military, the source said.

“These people are not irreplaceable. They are very replaceable. And then the other thing too is there is no shortage of people that will step up,” the source said.

“In World War Two, we were very rapidly appointing people in their 30s or people competent to be generals. And you know what? We won the war.”

Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience. 
&nbsp;

Members of President-elect Donald Trump’s transition team are drawing up a list of military officers to be fired, potentially to include the Joint Chiefs of Staff, two sources said, in what would be an unprecedented shakeup at the Pentagon.

Members of President-elect Donald Trump’s transition team are drawing up a list of military officers to be fired, potentially to include the Joint Chiefs of Staff, two sources said, in what would be an unprecedented shakeup at the Pentagon. The planning for the firings is at an early stage after Trump’s Nov. 5 election victory and could change as Trump’s administration takes shape, said the sources, who are familiar with the Trump transition and requested anonymity to speak candidly about the plans. One of the sources questioned the feasibility of a mass firing at the Pentagon. It was also unclear if Trump himself would endorse the plan, although in the past he has railed extensively against defence leaders who have criticised him. The Trump campaign did not immediately respond to request for comment. The second source said the incoming administration would likely focus on U.S. military officers seen as connected to Mark Milley, Trump’s former chairman of the Joint Chiefs of Staff. Milley was quoted in the book “War” by Bob Woodward, which was published last month, calling Trump “fascist to the core” and Trump’s allies have targeted him for perceived disloyalty to the former president. “Every single person that was elevated and appointed by Milley will be gone,” the second source said. “There’s a very detailed list of everybody that was affiliated with Milley. And they will all be gone.” Also read: Pentagon officials brace for `illegal` orders from Donald Trump: Report The Joint Chiefs of Staff include the highest ranking officers in the U.S. military and comprise the heads of the Army, Navy, Marines, Air Force, National Guard and Space Force. The disclosure of plans to fire senior leaders of the U.S. armed forces comes a day after Trump picked Pete Hegseth, a Fox News commentator and veteran who has signalled a willingness to clean house at the Pentagon, as his defence secretary. “The next president of the United States needs to radically overhaul Pentagon senior leadership to make us ready to defend our nation and defeat our enemies. Lots of people need to be fired,” Hegseth said in his 2024 book “The War on Warriors: Behind the Betrayal of the Men Who Keep Us Free.” Also read: White House and Pentagon puzzled after swarm of mystery drones hover over US military base for 17 days It is unclear if Hegseth’s lack of management experience could complicate his Senate confirmation and if a more traditional alternative for the position would carry out such sweeping dismissals. Hegseth has also taken aim at Milley’s successor, Air Force General C.Q. Brown, asking whether he would have gotten the job if he were not Black. “Was it because of his skin color? Or his skill? We’ll never know, but always doubt - which on its face seems unfair to CQ. But since he has made the race card one of his biggest calling cards, it doesn’t really much matter,” he wrote. The first source familiar with the transition planning said Brown would be among the many officers to leave. “The chiefs of the Joint Chiefs and all the vice chiefs will be fired immediately,” the source said, before noting that this was still only early planning. Some current and former U.S. officials have played down the possibility of such a major shakeup, saying it would be unnecessary and disruptive at a time of global turmoil with wars raging in Ukraine and the Middle East. The first source said that it would be difficult bureaucratically to fire and replace a large swath of senior U.S. military officials, suggesting the planning could be bluster and posturing by Trump allies. But the second source suggested the Trump camp believed the Joint Chiefs of Staff needed to shrink due to perceived bureaucratic overreach. Such cuts could be endured in an organization the scale of the U.S. military, the source said. “These people are not irreplaceable. They are very replaceable. And then the other thing too is there is no shortage of people that will step up,” the source said. “In World War Two, we were very rapidly appointing people in their 30s or people competent to be generals. And you know what? We won the war.” Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Trump’s team planning big Pentagon shakeup, drawing up list of officers to fire

Donald Trump made a triumphant return to the White House as President elect on Wednesday. Trump met incumbent President Joe Biden on his invitation, beginning the customary transfer of power process. 'Welcome back,' said the 81-year-old Biden as he congratulated the 78-year-old Trump. Watch this report for more details!

US President-Elect Donald Trump Meets Incumbent Leader Joe Biden In Oval Office

The US president-elect has picked Tulsi Gabbard, the Democrat turned Republican who questioned US intelligence, to lead US intelligence and his other pick is firebrand lawmaker Matt Gaetz, whom he nominated as his pick for Attorney General. Watch in for more details!

Trump's Cabinet: Tulsi Gabbard Nominated As Director Of National Intelligence | US News

Russia seems to be preparing to launch a major winter offensive on Ukraine before U.S. President-elect Donald Trump takes office. As a result, Ukraine has bolstered its defensive positions in the frontline, in anticipation of a Russian onslaught.

Russia-Ukraine War: Putin Plans New Ukraine Offensive Before Trump 'Ceasefire'

Trump Announces New Administration; Musk To Head U.S. Govt Efficiency Department. Watch in for more details!

Trump Announces New Administration; Musk To Head U.S. Govt Efficiency Department

Trump's East Asia Appointments In Spotlight, What's His Game Plan In West Asia?

President-elect Donald Trump is reportedly expected to attempt to block a potential US ban of TikTok ahead of a final January deadline, according to multiple sources as detailed in a report by the New York Post.

TikTok is fighting in court to block a federal law that would require the applications China based parent ByteDance to divest its stake or face a total shutdown by January 19, the day before Trump’s inauguration as the new President of the US. The law permits the president to increase the divestment window by 90 days if “significant progress” toward a particular sale is done.

Trump has earlier vowed on multiple occasions that he would “save TikTok” if he was elected the US president, including in a September 4, post on Truth Social.

His protection comes despite the fact that Trump spearheaded an effort to ban the application during his first term in office, the New York Post report explained further. Since winning the election, Trump has not given any statement on whether he would try to stop or curtail a ban.

But Conway, a senior adviser during Trump’s first term, who has initially advocated for TikTok in US Congress over the last year, stated in a conversation with the Washington Post that she anticipates Trump to intervene on the social media firm’s part.

&nbsp;“He appreciates the breadth and reach of TikTok, which he used masterfully along with podcasts and new media entrants to win,” Conway told the Jeff Bezos-owned paper, the New York Post report explained further.

“There are many ways to hold China to account outside alienating 180 million US users each month,” added Conway, who remains close to the president-elect. “Trump recognized early on that Democrats are the party of bans gas-powered cars, menthol cigarettes, vapes, plastic straws and TikTok and to let them own that draconian, anti-personal choice space.”

Trump transition team spokesperson Karoline Leavitt did not immediately respond to the New York Post’s request for comment. However, she responded to questions about Trump’s campaign pledge to save the app in a statement to the Associated Press.<o:p></o:p>

“The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail,” Leavitt said. “He will deliver.”

TikTok declined to comment on the report. Alan Rozenshtein, a former national security adviser to the Justice Department, told the Washington Post that Trump could nudge Congress to repeal the law or even tell his pick for attorney general not to enforce it, elaborated the New York Post further.

A federal appeals court is expected to rule on TikTok’s challenge by Dec. 6, though further appeals could reach as far as the Supreme Court. The appeals could stretch well into Trump’s term in office.

As The Post reported, TikTok’s legal team faced sharp questioning in September from the three-judge panel that will decide the case. The divestment law drew broad bipartisan support in Congress from lawmakers who say that TikTok poses a national security threat. TikTok has denied the allegations and argued that the law violates the First Amendment.

In a March interview with CNBC, Trump stated that he views TikTok as a national security risk, but said he was concerned that a ban would benefit Mark Zuckerberg’s Facebook, which he called “the enemy of the people.”

Market participants and investors will closely follow these developments as decisions like these have the potential to shape the future of US-China relations. Investors will look for clues on the potential of tariffs by the Trump administration.

<o:p>&nbsp;</o:p>

President-elect Donald Trump is reportedly expected to attempt to block a potential US ban of TikTok ahead of a final January deadline, according to multiple sources as detailed in a report by the New York Post.

President-elect Donald Trump is reportedly expected to attempt to block a potential US ban of TikTok ahead of a final January deadline, according to multiple sources as detailed in a report by the New York Post. TikTok is fighting in court to block a federal law that would require the applications China based parent ByteDance to divest its stake or face a total shutdown by January 19, the day before Trump’s inauguration as the new President of the US. The law permits the president to increase the divestment window by 90 days if “significant progress” toward a particular sale is done. Trump has earlier vowed on multiple occasions that he would “save TikTok” if he was elected the US president, including in a September 4, post on Truth Social. His protection comes despite the fact that Trump spearheaded an effort to ban the application during his first term in office, the New York Post report explained further. Since winning the election, Trump has not given any statement on whether he would try to stop or curtail a ban. But Conway, a senior adviser during Trump’s first term, who has initially advocated for TikTok in US Congress over the last year, stated in a conversation with the Washington Post that she anticipates Trump to intervene on the social media firm’s part. “He appreciates the breadth and reach of TikTok, which he used masterfully along with podcasts and new media entrants to win,” Conway told the Jeff Bezos-owned paper, the New York Post report explained further. “There are many ways to hold China to account outside alienating 180 million US users each month,” added Conway, who remains close to the president-elect. “Trump recognized early on that Democrats are the party of bans gas-powered cars, menthol cigarettes, vapes, plastic straws and TikTok and to let them own that draconian, anti-personal choice space.” Trump transition team spokesperson Karoline Leavitt did not immediately respond to the New York Post’s request for comment. However, she responded to questions about Trump’s campaign pledge to save the app in a statement to the Associated Press. “The American people re-elected President Trump by a resounding margin giving him a mandate to implement the promises he made on the campaign trail,” Leavitt said. “He will deliver.” TikTok declined to comment on the report. Alan Rozenshtein, a former national security adviser to the Justice Department, told the Washington Post that Trump could nudge Congress to repeal the law or even tell his pick for attorney general not to enforce it, elaborated the New York Post further. A federal appeals court is expected to rule on TikTok’s challenge by Dec. 6, though further appeals could reach as far as the Supreme Court. The appeals could stretch well into Trump’s term in office. As The Post reported, TikTok’s legal team faced sharp questioning in September from the three-judge panel that will decide the case. The divestment law drew broad bipartisan support in Congress from lawmakers who say that TikTok poses a national security threat. TikTok has denied the allegations and argued that the law violates the First Amendment. In a March interview with CNBC, Trump stated that he views TikTok as a national security risk, but said he was concerned that a ban would benefit Mark Zuckerberg’s Facebook, which he called “the enemy of the people.” Market participants and investors will closely follow these developments as decisions like these have the potential to shape the future of US-China relations. Investors will look for clues on the potential of tariffs by the Trump administration.

Trump expected to try to halt Tik Tok ban: Report

In a surprising move, former President Donald Trump appoints Senator Marco Rubio as Secretary of State in his new cabinet, signaling a shift in foreign policy leadership ahead of his potential return to office.

Donald Trump Names Marco Rubio as Secretary of State in New Cabinet, Who Is He?

Report claims Trump’s Russia-Ukraine peace plan might involve British and European troops. Trump might put an 800-mile buffer zone between Moscow and Kyiv's troops in place. Trump reportedly to stall Ukraine’s NATO plans in return for armory to protect its border. Under Trump U.S. will only do training and provide other support to Ukraine. Watch to know more!

Russia-Ukraine War: Report Claims Trump’s Peace Plan Might Involve European Troops | WION Originals

Experts worry that Donald Trump’s victory will be a massive setback for global climate action. The world braces for Trump to withdraw the U.S. from the Paris climate agreement for the second time. Experts and activists fear this time, Trump could move faster and with less restraint. This move would once again leave the U.S. as one of only countries not to be a party to the 2015 pact. Watch to know more!

USA News: Will Trump Withdraw U.S. From Paris Climate Agreement For Second Time? | WION Originals

As Donald Trump is preparing his new team, there are apprehensions across the world over how his actions will change geopolitical equations. But closer to home, the Pentagon is worried. Current and former officials are deeply concerned that Trump could initiate a widespread purge of military leadership and career civil servants.

US: Donald Trump's Pentagon Plans Spark Outrage Among Military Brass

Trump Names Next National Security Adviser; Mike Waltz To Serve As National Security Adviser; Watch in for more details!

Trump Names Next National Security Adviser

As Donald Trump is preparing his new team, there are apprehensions across the world over how his actions will change geopolitical equations. But closer to home, the Pentagon is worried. Current and former officials are deeply concerned that Trump could initiate a widespread purge of military leadership and career civil servants. Watch in for more details!

Trump 2.0: Purging The 'Woke': Trump Eyes Military Overhaul

A New York state judge on Tuesday (Nov. 12) halted proceedings in the hush money trial case involving&nbsp;US President-elect Donald Trump, documents show.&nbsp;The charges stemmed from hush money allegedly paid to a porn star.&nbsp;

Juan Merchan, the judge overseeing the case, had given himself the Nov. 12 deadline to decide&nbsp;whether Trump's conviction could be vacated due to the Supreme Court's July decision on presidential immunity. Trump had also been scheduled to be sentenced on Nov. 26.

Now, the proceedings have been halted till Nov. 19.&nbsp;

The judge made the decision following a recommendation from&nbsp;the office of the Manhattan district attorney, Alvin Bragg, who referred to Trump's victory in the 2024 elections. Trump had earlier asked&nbsp;Bragg to agree to the delay.

Earlier this year, the US Supreme Court ruled that Trump can’t be prosecuted for actions that were within his constitutional powers as president in a landmark decision, recognising for the first time any form of presidential immunity from prosecution.

"We conclude that under our constitutional structure of separated powers, the nature of presidential power requires that a former president have some immunity from criminal prosecution for official acts during his tenure in office," the top court had said.

Also read:&nbsp;<a data-ved="2ahUKEwi8utWLlNeJAxVEXGwGHagcG9UQxfQBKAB6BAgSEAE" href="https://www.wionews.com/business-economy/trump-media-reports-192-million-loss-in-q3-revenue-declines-on-election-day-filing-773767" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/business-economy/trump-media-reports-192-million-loss-in-q3-revenue-declines-on-election-day-filing-773767&amp;ved=2ahUKEwi8utWLlNeJAxVEXGwGHagcG9UQxfQBKAB6BAgSEAE">Trump Media reports $19.2 million loss in Q3, revenue declines on election day filing</a>

US President Joe Biden had slammed the ruling, saying it sets a wrong and dangerous precedent.

"This nation was founded on the principle that there are no kings in America ... no one is above the law, not even the president of the United States," said Biden.

The 78-year-old is facing up to four years in prison after being convicted of 34 counts of felony for making hush&nbsp;payments to porn star Stormy Daniels.

Also read:&nbsp;<a data-ved="2ahUKEwi8utWLlNeJAxVEXGwGHagcG9UQxfQBKAB6BAgMEAE" href="https://www.wionews.com/world/kai-trump-drops-election-night-vlog-revealing-behind-the-scenes-moments-from-trumps-victory-775441" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/kai-trump-drops-election-night-vlog-revealing-behind-the-scenes-moments-from-trumps-victory-775441&amp;ved=2ahUKEwi8utWLlNeJAxVEXGwGHagcG9UQxfQBKAB6BAgMEAE">Kai Trump drops Election Night vlog revealing behind-the-scenes moments from Trump`s victory</a>

Now, legal experts are saying Trump won’t have a hard time in getting these convictions nullified as he would be occupying the highest office in the country for the next four years.

(With inputs from agencies)

A New York state judge on Tuesday (Nov. 12) halted proceedings in the hush money trial case involving US President-elect Donald Trump, documents show. The charges stemmed from hush money allegedly paid to a porn star.

A New York state judge on Tuesday (Nov. 12) halted proceedings in the hush money trial case involving US President-elect Donald Trump, documents show. The charges stemmed from hush money allegedly paid to a porn star. Juan Merchan, the judge overseeing the case, had given himself the Nov. 12 deadline to decide whether Trump's conviction could be vacated due to the Supreme Court's July decision on presidential immunity. Trump had also been scheduled to be sentenced on Nov. 26. Now, the proceedings have been halted till Nov. 19. The judge made the decision following a recommendation from the office of the Manhattan district attorney, Alvin Bragg, who referred to Trump's victory in the 2024 elections. Trump had earlier asked Bragg to agree to the delay. Earlier this year, the US Supreme Court ruled that Trump can’t be prosecuted for actions that were within his constitutional powers as president in a landmark decision, recognising for the first time any form of presidential immunity from prosecution. "We conclude that under our constitutional structure of separated powers, the nature of presidential power requires that a former president have some immunity from criminal prosecution for official acts during his tenure in office," the top court had said. Also read: Trump Media reports $19.2 million loss in Q3, revenue declines on election day filing US President Joe Biden had slammed the ruling, saying it sets a wrong and dangerous precedent. "This nation was founded on the principle that there are no kings in America ... no one is above the law, not even the president of the United States," said Biden. The 78-year-old is facing up to four years in prison after being convicted of 34 counts of felony for making hush payments to porn star Stormy Daniels. Also read: Kai Trump drops Election Night vlog revealing behind-the-scenes moments from Trump`s victory Now, legal experts are saying Trump won’t have a hard time in getting these convictions nullified as he would be occupying the highest office in the country for the next four years. (With inputs from agencies)

Trump hush money case: New York judge delays proceedings until Nov 19

Bitcoin touched another high on November 11, as the rally in cryptocurrencies continued following Donald Trump’s election win, as detailed in a report by CNBC.

The price of the flagship cryptocurrency was last higher by more than 12 per cent at $89,174, according to Coin Metrics. Recently, it hit a fresh high of $89,623. Ether was up more than 7 per cent to $3,371.79 after a 30 per cent gain in the past week that pushed it back over the $3,000 mark over the weekend, the CNBC report explained further.

The decentralized finance token tied to Cardano ticked 4.7 per cent higher. Dogecoin continued to rise, up almost 24 per cent. In the regular trading session on November 11, Coinbase closed up 19.8 per cent, while MicroStrategy advanced more than 25.7 per cent. Both stocks were higher in extended trading as well.

Euphoria in the Crypto market unleashed by Trump's victory

Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown, noted that crypto’s march higher comes amid “euphoria” in the market unleashed by Trump’s presidential win last week.

“His pledge to go all in on crypto has sent Bitcoin to fresh heady heights,” she said in a research note Monday. “He’s made an about turn on supporting the industry and is now vowing to turn the US into the crypto capital of the world. Bitcoin speculators are betting on a more clement regulatory environment, and have expectations that the authorities may build up a reserve crypto fund, helping lift ongoing demand.”

On the campaign trail, Trump made a slew of promises to the crypto industry, including making the US the “crypto capital of the planet” and insisting that all bitcoin should be mined in the country.

He also pledged to unseat US Securities and Exchange Commission Chairman Gary Gensler, who has taken an aggressive approach to crypto, despite the fact that the president does not have the power to do so. In a research note last week, Citi strategists highlighted that crypto had been one of the “few Trump trades that has yet to retrace.”

“Part of the reason is due to the anticipated crypto-friendly nature of Trump’s administration, which investors hope will translate into regulatory clarity in the US,” the strategists, led by David Glass, said.

They noted that since the election, spot crypto ETFs had seen some of their largest-ever inflows. “Specifically, net inflows for BTC and ETH ETFs in the two days post-election were $2.01bn and $132mn, respectively,” they said. “We continue to see ETF flows as the main driver of Bitcoin returns.”

Looking ahead, some analysts expect crypto to continue to rise, with a number saying bitcoin is on track to hit the $100,000 milestone by the end of the year.

Market participants and crypto enthusiasts will follow these developments carefully as they will help them make informed investment decisions in the crypto space.

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Bitcoin touched another high on November 11, as the rally in cryptocurrencies continued following Donald Trump’s election win, as detailed in a report by CNBC. The price of the flagship cryptocurrency was last higher by more than 12 per cent at $89,174, according to Coin Metrics.

Bitcoin touched another high on November 11, as the rally in cryptocurrencies continued following Donald Trump’s election win, as detailed in a report by CNBC. The price of the flagship cryptocurrency was last higher by more than 12 per cent at $89,174, according to Coin Metrics. Recently, it hit a fresh high of $89,623. Ether was up more than 7 per cent to $3,371.79 after a 30 per cent gain in the past week that pushed it back over the $3,000 mark over the weekend, the CNBC report explained further. The decentralized finance token tied to Cardano ticked 4.7 per cent higher. Dogecoin continued to rise, up almost 24 per cent. In the regular trading session on November 11, Coinbase closed up 19.8 per cent, while MicroStrategy advanced more than 25.7 per cent. Both stocks were higher in extended trading as well. Euphoria in the Crypto market unleashed by Trump's victory Susannah Streeter, head of money and markets at investment platform Hargreaves Lansdown, noted that crypto’s march higher comes amid “euphoria” in the market unleashed by Trump’s presidential win last week. “His pledge to go all in on crypto has sent Bitcoin to fresh heady heights,” she said in a research note Monday. “He’s made an about turn on supporting the industry and is now vowing to turn the US into the crypto capital of the world. Bitcoin speculators are betting on a more clement regulatory environment, and have expectations that the authorities may build up a reserve crypto fund, helping lift ongoing demand.” On the campaign trail, Trump made a slew of promises to the crypto industry, including making the US the “crypto capital of the planet” and insisting that all bitcoin should be mined in the country. He also pledged to unseat US Securities and Exchange Commission Chairman Gary Gensler, who has taken an aggressive approach to crypto, despite the fact that the president does not have the power to do so. In a research note last week, Citi strategists highlighted that crypto had been one of the “few Trump trades that has yet to retrace.” “Part of the reason is due to the anticipated crypto-friendly nature of Trump’s administration, which investors hope will translate into regulatory clarity in the US,” the strategists, led by David Glass, said. They noted that since the election, spot crypto ETFs had seen some of their largest-ever inflows. “Specifically, net inflows for BTC and ETH ETFs in the two days post-election were $2.01bn and $132mn, respectively,” they said. “We continue to see ETF flows as the main driver of Bitcoin returns.” Looking ahead, some analysts expect crypto to continue to rise, with a number saying bitcoin is on track to hit the $100,000 milestone by the end of the year. Market participants and crypto enthusiasts will follow these developments carefully as they will help them make informed investment decisions in the crypto space.

Bitcoin crosses $89,000 as crypto euphoria over Trump's election win shows no sign of slowing

Trump's Administration: Marco Rubio Expected To Be Trump's Secretary Of State? Tune in to Know More!

Trump 2.0: Why Are Pro-Wrestlers Pro Trump?

US President-elect Donald Trump announced another name for his Trump 2.0 administration- Mike Waltz. The Florida Congressman Waltz is set to be Trump’s National Security Advisor (NSA), reported The Associated Press on Monday citing sources familiar with the development. Watch in for more details!

Trump 2.0: Donald Trump To Name Mike Waltz As Next National Security Adviser: Reports

Trump Names Mike Waltz As National Security Adviser

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