U.S. President Donald Trump stated that the United States has just received 80 million barrels of crude oil from Venezuela.
The statement comes amid ongoing developments in energy policy and trade that continue to draw the attention of global markets.
In addition, Trump floated the idea that import tariffs should replace income taxes as the primary source of government revenue. According to him, tariffs could serve as a tool to strengthen domestic industries while reducing the direct tax burden on American citizens.
At the same time, Trump called on Congress to pass regulations banning insider trading for members of the legislature. He emphasized the importance of transparency and integrity in the financial activities of public officials to maintain public trust in government institutions.
This series of statements highlights Trumpβs focus on a combination of energy policy, trade, and political governance reform. If implemented, the proposal to replace income taxes with tariffs and to ban insider trading could spark broad debate in Congress and among market participants.
JUST IN: Coinbase,Institutions Stay Bullish on Bitcoin
Coinbase Institutional reports that institutions continue to show strong bullish sentiment on Bitcoin. In recent surveys, around two-thirds of institutional investors expect positive performance in the coming months, with many believing BTC is undervalued despite market dips. This confidence stems from Bitcoin's established scarcity story, growing ETF adoption, clearer regulatory paths, and its role as a core portfolio asset. Institutions are leading the charge, while retail sentiment gradually aligns. Coinbase's 2026 outlook highlights transformative growth ahead, deeper institutional integration and market structure shifts. A solid sign of long-term faith in BTC amid volatility.
JUST IN: DICT BLOCKS ACCESS TO GROK AI
Users in the Philippines can no longer access Grok, the AI tool built into Elon Muskβs X (formerly Twitter), after the Department of Information and Communications Technology (DICT) moved to block Grokβs standalone platform and website over allegations that it enabled the creation of non-consensual deepfake content. π
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