Rapper Snoop Dogg’s performance at a pro-Trump “Crypto Ball” sparked significant backlash from fans. This follows Snoop’s previous criticisms of Trump, including a music video depicting him shooting a Trump-like clown and a song titled “Make America Crip Again.” The event, which cost attendees between $2,500 and $5,000, celebrated Trump as the “first crypto president,” despite his past criticisms of cryptocurrency. Snoop’s apparent shift in allegiance has prompted widespread condemnation online, with many accusing him of prioritizing financial gain over his prior political stances.
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Despite initial bipartisan concerns regarding Chinese government surveillance and subsequent attempts to ban the app, TikTok’s status in the U.S. has shifted. The Supreme Court upheld a law allowing the government to regulate foreign-owned apps operating within the country. However, former President Trump, initially advocating for a ban, now champions TikTok due to its effectiveness in disseminating disinformation, a tactic beneficial to his political strategies. This shift highlights the platform’s capacity for manipulating users’ emotions and promoting divisive content, potentially undermining civic engagement and mental well-being. Ultimately, TikTok’s influence, while initially viewed through a national security lens, is now recognized for its potential to manipulate public discourse.
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A U.S. law mandating the sale of TikTok to a non-Chinese owner, upheld by the Supreme Court, resulted in the app’s unavailability on Saturday. The app’s message attributed the shutdown to the enacted ban, while also expressing hope for a solution. ByteDance’s other apps also faced similar disruptions. President-elect Trump hinted at a potential 90-day extension, creating uncertainty regarding TikTok’s long-term future in the U.S. This situation follows considerable debate regarding national security concerns and free speech implications.
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Donald Trump’s newly launched cryptocurrency, $Trump, rapidly gained a market cap exceeding $6.5 billion before settling around $4.7 billion. The coin’s launch coincided with a pre-inauguration “Crypto Ball” and features Trump’s companies holding 80% of the tokens, raising concerns about potential conflicts of interest. Disclosures state the coin is non-political, despite Trump’s plans to prioritize cryptocurrency as president-elect. The significant holdings by Trump’s companies have fueled comparisons to “pump and dump” schemes.
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Donald Trump’s new “$TRUMP” meme coin, launched Friday, has seen a dramatic price surge, reaching $26.95 from $0.18, with a market cap exceeding $5 billion. Former aide Anthony Scaramucci condemned the venture as “corruption,” echoing concerns about Trump’s continued use of his image to sell merchandise. Critics cite this as another example of Trump leveraging his position for personal profit, particularly during his presidential campaign. The coin’s rapid growth and the controversy surrounding it highlight the volatile nature of meme coins and raise ethical questions regarding the actions of a president-elect.
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John Q. Hosedrinker