Connect with us

Published

on

The biggest event so far in the 2024 election cycle took place in New Hampshire Wednesday evening. 

Former President Trump participated in a town hall event hosted by CNN, with Kaitlan Collins serving as moderator.

The fact that the event was happening at all had drawn some criticism beforehand — mostly, but not exclusively, from liberals and the left.

On the other hand, a ratings bonanza was forecast by many media-watchers.

After all the hype, here are the main takeaways. A disaster for CNN

Trump did not so much win the event as CNN lost it — catastrophically.

Not all of the blame can be placed on Collins, though there were clearly moments when she could have pushed back faster or more strongly.

A far bigger problem was a decision, presumably taken by producers, to have a live audience “made up of Republicans and undeclared voters who tend to take part in New Hampshire’s Republican primary,” as Collins put it in her introductory remarks.

What that meant was an audience loudly supportive of Trump at every turn — and plainly disdainful of Collins. 

Around halfway through the event, Trump’s description of Collins as “a nasty person” drew whoops of delight.

Not a single tough question was asked of Trump by any audience member.

Perhaps most strikingly of all, Trump’s denial of ever having met, much less abused, E. Jean Carroll, received raucous approval — despite a nine-person jury having found Trump liable for sexual abuse and defamation of Carroll only the previous day.

Offering his own spin on Carroll’s story, Trump wondered “What kind of a woman meets somebody and brings them up and within minutes you are playing hanky panky in a dressing room, OK?”

Many in the audience laughed.

Media figures, as well as politicians on the left, reacted with horror.

“I can’t believe this is being allowed on @CNN,” tweeted Gretchen Carlson, the former Fox News anchor whose allegations of sexual harassment sparked the downfall of that network’s one-time supremo, Roger Ailes. “This is promulgating the cult leadership of Trump — and people are laughing at sexual assault.”

Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted, “CNN should be ashamed of themselves. They have lost total control of this ‘town hall’ to again be manipulated into platforming election disinformation, defenses of Jan 6th, and a public attack on a sexual abuse victim.”

Ocasio-Cortez added, “The audience is cheering him on and laughing at the host.”

CNN shouldn’t create programming to please Ocasio-Cortez, of course — any more than it should mold coverage to please Trump.

But the network has serious questions to answer about an event that spiraled so abjectly — and set up one of its own rising stars for a humiliating failure. Trump was strikingly evasive on abortion

Collins did have some sliver of success when she pressed Trump on his position on abortion.

She was not able to wring from him a specific answer on whether he would sign a federal abortion ban if he were to win back the presidency in 2024. Yet, the vagueness and evasiveness of his response was revealing.

Trump proclaimed that the Supreme Court’s decision striking down Roe v. Wade last June was “a great victory.” His rationale was an unusual one.

The former president contended that the decision “was an incredible thing for pro-life because it gave pro-life something to negotiate with.”

The explanation that followed was not clear, but Trump appeared to be arguing that, with the erstwhile constitutional guarantee of a right to abortion gone, it was easier to make deals between liberals and conservatives on certain limits to abortion.

Trying to distance himself from the most rigid anti-abortion positions in his party — positions that have fared badly at the polls in recent months — he added, “I happen to believe in the exceptions” to outright bans.

Still, Trump several times avoided Collins’s question on whether he would sign a federal ban. Trump on the debt ceiling: ‘You’re gonna have to do a default’

The former president encouraged his party colleagues on Capitol Hill to hold to a hard line in the ongoing talks about the debt ceiling — even if it came at the price of the kind of U.S. default that virtually all credible economists say would be disastrous.

Trump vigorously backed the position put forward by Speaker Kevin McCarthy (R-Calif.) among others — that the debt ceiling should only be raised if President Biden and the Democrats accede to steep spending cuts.

The White House has declined to countenance that idea. Democrats often note that Republicans voted to raise the debt ceiling three times during Trump’s one term, even as he added more than $7 trillion to the national debt.

Trump insisted Republicans in Congress should stand firm.

“I say to the Republicans out there — congressmen, senators — if they don’t give you massive cuts, you’re gonna have to do a default,” he said.

He predicted that the Democrats would “absolutely cave” in the face of such a strong position.

But, he suggested, even if they did not and the U.S. went into default for the first time in its history, “it’s better than what we’re doing right now because we’re spending money like drunken sailors.” Election lies and downplaying Jan. 6

Perhaps the most predictable part of Wednesday’s event came with Trump’s standard lines about the 2020 election, and his minimization of what took place on Jan. 6, 2021.

In both cases, Collins tried to push back, but a combination of the Trump-backing crowd and his brash demeanor contributed to her getting steamrollered.

Trump said that 2020 was “a rigged election.”

It was not.

He also said that the protesters on Jan. 6 2021 “were there with love in their heart.”

Around 140 police officers were injured on Jan. 6, when a crowd ransacked the Capitol while seeking to overturn a legitimate presidential election and thwart the peaceful transfer of power.

Trump soon afterward became the first American president in history to be twice impeached. The second impeachment was for inciting the Jan. 6 riot. A big night for Trump spells trouble for his GOP rivals

CNN may well have delivered Trump his biggest boost yet in his quest for the 2024 GOP nomination — an ironic twist for a news network to which the former president almost always used to append the term “Fake News.”

All of the traits that Trump’s hardcore supporters admire were on full display on Wednesday — the belligerence, the swatting-aside of criticism and the mocking of opponents and adversaries.

He never came close to being trapped in any politically awkward spot — save perhaps when declining to answer whether he wanted Russia or Ukraine to win the war sparked by Russian President Vladimir Putin’s February 2022 invasion. Democrats target CNN over Trump town hall Disney+, Hulu will become ‘one-app experience’ this year: CEO

Above all, CNN got humiliated at his hands — a sweet victory for conservatives who detest the network.

The event plainly reinforced Trump’s position as the dominant player in the GOP field.

That is very bad news for the rivals who are already trailing in his wake.

Continue Reading

Politics

Bitcoin up 33% since 2024 halving as institutions disrupt cycle

Published

on

By

Bitcoin up 33% since 2024 halving as institutions disrupt cycle

Bitcoin up 33% since 2024 halving as institutions disrupt cycle

Bitcoin holders are celebrating one year since the 2024 Bitcoin halving by praising BTC’s resilience amid a global trade war and suggesting an accelerated market cycle due to a growing institutional presence.

The 2024 Bitcoin halving reduced block rewards from 6.25 Bitcoin (BTC) to 3.125 BTC, slashing new BTC issuance in half.

Despite rising concerns over a global trade war and escalating tariff tensions between the United States and China, BTC has climbed more than 33% since April 2024, Cointelegraph Markets Pro data shows.

Bitcoin up 33% since 2024 halving as institutions disrupt cycle
BTC/USD, 1-year chart. Source: Cointelegraph Markets Pro

“So, even though Bitcoin’s showing resilience, I think the mix of past experiences, economic uncertainty, and this selling pressure is keeping investors on the sidelines, waiting for a stronger green light before they jump in,” said Enmanuel Cardozo, a market analyst at asset tokenization platform Brickken.

Cardozo added that institutional investment from firms such as Strategy and Tether could speed up Bitcoin’s traditional four-year halving cycle. He added:

“For the 2024 halving in May, that puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the market’s more mature now with more liquidity.”

However, Bitcoin’s trajectory remains tied to broader monetary policy, the analyst added. He said a US Federal Reserve rate cut in May or June may “pump more money into the system and push Bitcoin up faster.”

The halving is a built-in feature of the Bitcoin network that assures Bitcoin’s scarcity, which is considered one of BTC’s defining monetary characteristics.

Related: Crypto, stocks enter ‘new phase of trade war’ as US-China tensions rise

ETFs and institutions fuel faster cycle

Institutional adoption and Bitcoin exchange-traded funds (ETFs) may be contributing to a shorter market cycle, according to Vugar Usi Zade, chief operating officer at Bitget exchange.

Continued institutional buying, including by Bitcoin ETFs, paired with Bitcoin’s rising scarcity, may accelerate Bitcoin’s rise to new highs, he told Cointelegraph.

“With growing scarcity triggered by the halving, Bitcoin will likely retest its all-time high if it breaches the $90,000 mark in the coming weeks,” Usi Zade said. “While the halving offers a good basis for growth based on demand and scarcity, the timeline for impact on price can vary over time.”

He noted that Bitcoin’s growth remains closely tied to traditional financial markets and investor sentiment.

Related: Bitcoin speculative appetite declines as investors seek safety

Bitcoin reached a new all-time high above $109,000 on Jan. 20, 273 days after the 2024 Bitcoin halving, signaling an accelerated market cycle.

Bitcoin up 33% since 2024 halving as institutions disrupt cycle
Source: Jelle

In comparison, it took Bitcoin 546 days to reach an all-time high after the 2021 halving, and 518 days after the 2017 halving, according to data shared by popular crypto trader Jelle, in an April 8 X post.

Magazine: Bitcoin’s odds of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

Continue Reading

US

Trump told to sack Pete Hegseth over reports of second war plans group chat

Published

on

By

Trump told to sack Pete Hegseth over reports of second war plans group chat

US Defence Secretary Pete Hegseth has been linked to a second group chat about sensitive military operations, which he reportedly shared with his wife, brother and personal lawyer.

The messages sent via the Signal messaging app are again understood to have contained details of an attack on Yemen’s Iran-aligned Houthis in March.

The second chat group, initially reported by The New York Times, included about a dozen people. It revealed details of the schedule of the airstrikes, according to the Reuters news agency.

Two sources with knowledge of the matter told Sky News’ US partner network NBC News there were 13 people in the second chat group, and Mr Hegseth divulged the information despite an aide warning him about using an unsecure communications system.

Mr Hegseth’s wife, Jennifer, a former Fox News producer, has attended sensitive meetings with foreign military counterparts, while his brother was hired at the Pentagon as a Department of Homeland Security liaison and senior adviser.

Military details from the first chat group were revealed by a journalist from The Atlantic magazine who was accidentally added to the Signal app by national security adviser Mike Waltz.

Mr Hegseth then shared sensitive information with cabinet officials about last month’s airstrike on targets in Yemen, which was later leaked.

Read more from Sky News:
What is Signal?
Who is Pete Hegseth?

Serious questions are being asked of Mike Waltz (left) and Pete Hegseth (pictured in February). Pic: AP
Image:
Mike Waltz (left) and Pete Hegseth (right) have used Signal to discuss sensitive government matters. Pic: AP

‘A non-story,’ says White House

But the White House has consistently defended Mr Hegseth.

Donald Trump dismissed the original leak as “something that can happen”.

Responding to the latest chat group, White House deputy press secretary Anna Kelly said: “No matter how many times the legacy media tries to resurrect the same non-story, they can’t change the fact that no classified information was shared.

“Recently-fired ‘leakers’ are continuing to misrepresent the truth to soothe their shattered egos and undermine the President’s agenda, but the administration will continue to hold them accountable.”

The “leakers” referred to in the White House statement are four senior officials who were ousted from the Pentagon last week as part of an internal leak investigation.

Please use Chrome browser for a more accessible video player

Leaked war plans: ‘Fairly serious’

‘Hegseth put lives at risk’

The New York Times reported that the second chat – named “Defence | Team Huddle” – was created on Mr Hegseth’s private phone.

It detailed the same warplane launch times as the first chat.

Several former and current officials have said sharing those operational details before a strike would have certainly been classified, and their release could have put pilots in danger.

Democratic politicians have repeatedly called for Mr Hegseth to step down.

“We keep learning how Pete Hegseth put lives at risk,” Senate minority leader Chuck Schumer said in a post on X.

“But [Donald] Trump is still too weak to fire him. Pete Hegseth must be fired.”

The latest claims about Mr Hegseth emerged as Yemen’s Houthi rebels reported another wave of US airstrikes on Sunday, including on the capital Sanaa.

The Houthis said at least 12 people had been killed, with 30 more injured.

The US says its bombing campaign is in response to Houthi attacks on Red Sea shipping lanes.

Continue Reading

US

Trump100 Day 92: Is Trump’s deportation policy firm or cruel?

Published

on

By

Trump100 Day 92: Is Trump's deportation policy firm or cruel?

👉 Follow Trump 100 on your podcast app 👈

The row over the deportation of Kilmar Abrego Garcia, who was deported to El Salvador from the US in error in March, continues to rock Washington DC.

US correspondent Martha Kelner speaks to Ron Vitiello, Donald Trump’s former acting director of the Immigration and Customs Enforcement agency, about the case and if the president’s border policies are working as he planned.

If you’ve got a question you’d like the Trump100 team to answer, you can email it to trump100@sky.uk.

Don’t forget, you can also watch all episodes on our YouTube channel.

NB. This interview was recorded before Kilmar Abrego Garcia was moved from the CECOT prison – where terror suspects are held in severe conditions – to another detention centre in El Salvador.

Continue Reading

Trending