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(L to R) Eric Trump, former US President and Republican presidential candidate Donald Trump and Donald Trump, Jr. attend a remembrance ceremony on the 23rd anniversary of the September 11 terror attack on the World Trade Center at Ground Zero, in New York City on September 11, 2024. 

Adam Gray | Afp | Getty Images

A political action committee supporting former President Donald Trump has raised about $7.5 million in cryptocurrencies.

Contributors to the Trump 47 joint fundraising committee donated bitcoinether and XRP, as well as the U.S. dollar pegged stablecoins tether and USDC, to the GOP presidential nominee’s campaign, according to a Federal Election Commission filing submitted on Tuesday.

The PAC said the latest filing covered donations in the period of July 1 through Sept. 30, but numbers included cumulative contributions.

With the 2024 election just three weeks away and the contest in a virtual dead heat according to polling averages, Trump is counting on a hefty dose of funding from the crypto community. The former president positioned himself as the pro-crypto candidate in this election, a reversal from his previous stance during his time in the White House. In May, he became the first major presidential candidate to accept donations in digital tokens.

Nearly half of all the corporate money flowing into the election has come from the crypto industry, according to a recent report from the nonprofit watchdog group Public Citizen. The sum was raised from a mix of contributors, with Coinbase, Ripple, and venture firm Andreessen Horowitz accounting for most of those business donations. The industry has raised roughly 13 times the amount it brought in during the last presidential election year.

At least 18 donors gave more than $5.5 million in bitcoin to Trump 47, the filing shows. Another seven people gave around $1.5 million in ether.

Crypto donors warm up to Kamala Harris

Contributors hailed from more than 15 states, including a few battlegrounds, plus the American territory of Puerto Rico. Their professions include Lockheed Martin software engineer, Duthie Power Services sales engineer, and a producer for Esperanza Entertainment.

David Bailey, CEO of media group BTC Inc., gave more than $498,000 in bitcoin. Bailey was part of a small army of bitcoin fanatics who indoctrinated Trump in all things bitcoin and helped turned him from a skeptic to an evangelist. The process culminated in Trump headlining the biggest bitcoin conference of the year in Nashville in July.

Trump said in his keynote that his campaign had raised $25 million from the crypto industry, though he didn’t specify the split between digital tokens and dollar donations.

Among the new donors is Chase Herro, one of the co-founders of the Trump family’s new crypto project World Liberty Financial. The platform, which has been described as a decentralized bank where customers will be encouraged to borrow, lend and invest in crypto, launched its token sale on Tuesday.

So far, more than $10.2 million worth of WLFI tokens have been sold, far short of the initial fundraise goal of $300 million. The launch was plagued with technical issues, including the repeated crashing of the website where the sale was taking place.

Mike Belshe, CEO of digital asset security company BitGo, has contributed almost $100,000 in bitcoin.

Brian Murray, a partner at Craft Ventures, gave $6,560 in bitcoin. Craft was founded by pro-Trump venture capitalist David Sacks.

Kresus Labs founder Trevor Traina gave over $25,000 in ether, Chainstone Labs CEO Bruce Fenton donated $60,000 in bitcoin, and Gary Cardone of Cardone Digital Ventures contributed over $840,000 in bitcoin.

Ripple legal chief Stuart Alderoty contributed $300,000 in XRP, as CNBC previously reported. Alderoty attended a Trump fundraising event hosted by Sacks in San Francisco in June.

Tech for Trump: Silicon Valley investors turn against Biden

Alderoty is at odds with Ripple’s billionaire co-founder Chris Larsen, who gave $1 million worth of XRP tokens to Future Forward, a super PAC that’s supporting Vice President Kamala Harris’ run for the White House. Future Forward began accepting donations in crypto in September.

While Larsen shares the crypto industry’s criticism of SEC Chair Gary Gensler and the aggressive approach the Biden administration has taken towards companies in the space, the Ripple chairman said he has more confidence in Harris, in part because she’s from the Bay Area.

“She knows people who have grown up in the innovation economy her whole life,” Larsen told CNBC in an interview this week. “So I think she gets it at a fundamental level, in a way that I think the Biden folks were just not paying attention to, or maybe just didn’t make the connection between empowering workers and making sure you have American champions dominating their industries.”

In addition to Larsen, Uniswap legal chief Marvin Ammori gave money to the Harris Action Fund. Like Ripple, Uniswap is battling claims it violated U.S. securities laws.

On the pro-Trump side, billionaire twins Tyler and Cameron Winklevoss have led the charge, with an aggregate contribution of nearly $1.1 million each. Some of that money was refunded in September because it exceeded the maximum allowed.

WATCH: Kamala Harris backs crypto regulatory framework

Kamala Harris backs crypto regulatory framework in pitch to Black men: CNBC Crypto World

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Fortescue Infinity Train gets 14.5 MWh battery that never needs charging [update]

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Fortescue Infinity Train gets 14.5 MWh battery that never needs charging [update]

Fortescue has taken the wraps off a prototype of its proposed “Infinity Train” electric locomotive, making the 1,100 km (about 685 miles) trip from Perth to the Pilbara and marking a major milestone in the decarbonization of the company’s heavy haul operations.

UPDATE 15DEC2025: now there are two!

This week, two of Fortescue battery-electric locomotives began operating at the company’s Pilbara mines in Australia, where the so-called Infinity Trains (co-developed with Caterpillar’s Progress Rail division) began regular duty.

“It’s not every day you welcome not just one, but two of the world’s largest battery-electric locomotives into your operations,” said Fortescue Metals CEO, Dino Otranto, on LinkedIn. “[I] can’t wait to see these in motion soon!”

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The two new trains are now fully operational assets, packing almost unimaginably massive 14.5 MWh battery packs that were charged once with grid power upon deployment, and which will (in theory) remain at a usable state of charge indefinitely thanks to a cleverly applied combination of gravity, regenerative braking, and human intelligence.

You can read the original article about the Infinity Train prototype completing its first 1,100 km (~685 miles) trip across the Pilbara, below, then let us know what you think of Fortescue’s latest fuel-saving efforts in the comments section at the bottom of the page.


Our prototype battery electric locomotive has made the 1,100 kilometre journey from Perth to the Pilbara – a major milestone in the decarbonisation of our heavy haul operations.
Infinity Train prototype; by Fortescue Rail.

Co-developed with the locomotive experts at Downer Group, Fortescue revealed its concept for a battery electric “Infinity Train” back in March of 2022. At the time, the company promised a “world’s first” iron ore train capable of fully charging its batteries through regenerative braking. The two companies claimed the clever technology would create a self-sustaining, zero-emission rail system powered entirely by the force of gravity during the train’s loaded downhill travels.

This week, the concept went from the drawing board to the real world, completing an 1,100 km trip across Australia and proving itself to be up to the task of handling the grueling demands of Fortescue’s massive mining operations.

“We’re thrilled to see our battery electric locomotive prototype arrive in the Pilbara,” said Ellie Coates, CEO of Fortescue Zero. She added that the achievement, using zero fossil fuels, “represent(s) a major step in Fortescue’s journey to Real Zero.”

The Fortescue Infinity Train uses the energy produced by slowing the loaded train on downhill sections of the company’s 385 mile private, heavy-haul rail network to recharge its battery systems. That energy is enough to bring the unloaded train back to the mine, eliminating the need for external charging infrastructure or additional renewable energy sources, making the train almost entirely self-sufficient.

Fortescue says the deployment of the Infinity Train concept at its mines will eliminate more than 82 million liters of diesel fuel consumption (about 21 million gallons, which ChatGPT tells me amounts to about 235,200 tons of CO₂ emissions).

That change alone would eliminate about 11% of Scope 1 emissions annually for Fortescue all on its own, putting it well on its way to its stated goal of achieving “Real Zero” emissions-free operations.

Electrek’s Take


Infinity Train on the rails; via Fortescue.

Using gravity to charge up heavily-laden mining vehicles on downhill runs is an idea that’s been put into practice for years, with great success wherever the topography allows (since 2017, at least). Combining that clever use of gravity, traction braking, and battery storage for use on a rail system like this just seems smart, and it makes me think we’re just scratching the surface of all the clever ways electrification and battery storage will eventually get put to use.

I wonder what would happen if you threw some battery electric rail cars into the mix, as well!? You guys are smart, head down to the comments and let me know (and, while you’re there, help me check ChatGPT’s math on those carbon emissions).

SOURCE | IMAGES: Fortescue, via LinkedIn.


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E-quipment highlight: Develon DX250LCE-7 electric crawler excavator

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E-quipment highlight: Develon DX250LCE-7 electric crawler excavator

Develon is kicking off the holidays with seven new or updated electric excavators, led by its seriously impressive flagship offering: the new 25‑ton DX250LCE-7 battery-electric crawler excavator developed by HD Hyundai.

When Hyundai acquired the Doosan Infracore equipment division back in 2023, it rebranded the orange machines as “Develon” in a move that signaled a new era of forward-looking thinking for the Korean company — and, last week, we got some of the first tangible results of that new thinking debuted with the launch of seven new or updated electric excavators, including the flagship DX250LCE-7 25-ton model shown here.

Develon says its new electric machines offer identical performance to their diesel counterparts, while delivering significant reductions in emissions, noise, and vibration — and that the breadth and scope of the brand’s new, zero-emission lineup underscores its continued commitment to sustainable innovation in the heavy equipment space.

“Moving forward, Hyundai Infracore is focusing on innovation and smart technology, as well as productivity and fuel efficiency. I think the timing very good for us, with exciting new technologies on the market,” Young-cheul Cho, President and CEO of Develon parent company HD Hyundai Infracore, told Construction Europe at last summer’s Intermat construction show. “Our next generation machines will use AI and have sensors that will be reliable in all environments and all weathers, which will improve safety.”

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The new Develon DX250LCE-7 brings Cho’s Intermat vision to life with specs that meet or beat the diesel-powered DX255LC-7’s capabilities in a quiet, zero-emission package.

Starting with horsepower, the DX250LCE-7’s electric motors pot out about 200 hp (comparable to the diesel) while tipping the scales at a ~26 metric ton operating weight. Bucket capacity matches the diesel at 1.4 cubic meters, too — but the Develon’s standout feature is its oversized battery pack, offering up to 12 hours of continuous runtime on a single charge under typical conditions (kWh capacity hasn’t been released), with DC fast-charging options that can get it back in action at full capacity in under two hours — making it ideal for a full-day of moving dirt.

North American pricing and availability should be released in Q1.

Electrek’s Take


As demand for low-emission solutions rises throughout Europe and SE Asia, the latest electric excavators from Develon and parent company Hyundai provide an ideal balance between eco-friendly operation and real-world job site requirements – especially when fitted with articulating buckets and other versatile implements.

Regardless of who is in power in the US, the fact is that these electric machines deliver quiet, efficient performance in challenging environments, cutting both emissions and noise while maintaining productivity and improving both operators’ safety and working conditions. They’re winners all the way.

SOURCE | IMAGES: Develon; via ELM Group.


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BYD increases EV battery warranty to 8 years/250,000 km, surpassing Tesla’s

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BYD increases EV battery warranty to 8 years/250,000 km, surpassing Tesla's

BYD is making a significant move to boost confidence in its electric vehicles in Europe. The Chinese automaker has announced a major update to its warranty terms, extending the battery coverage to 8 years or 250,000 km (approx. 155,000 miles), whichever comes first.

This new policy significantly outpaces the industry standard and puts pressure on competitors like Tesla and Volkswagen to follow suit.

The announcement was made via BYD Europe’s official channels today, confirming that the new warranty terms apply to its lineup of “New Energy Vehicles” (NEVs) in the region:

Previously, BYD offered a warranty that was more in line with the industry average, typically around 8 years or 160,000 km (100,000 miles), with some variations like 200,000 km in specific markets. This bump to 250,000 km is a massive increase in mileage coverage, effectively targeting high-mileage drivers, taxi fleets, and Uber drivers who might be wary of long-term degradation.

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For context, here is how the new BYD warranty stacks up against the main competition in Europe:

  • BYD (New): 8 years / 250,000 km
  • Tesla (Model 3/Y RWD): 8 years / 160,000 km
  • Tesla (Long Range/Perf): 8 years / 192,000 km
  • Volkswagen (ID. Series): 8 years / 160,000 km
  • Hyundai/Kia: 8 years / 160,000 km

As you can see, BYD is now offering nearly 60% more mileage coverage than the standard warranty provided by Volkswagen and the base Tesla models. Even compared to Tesla’s Long Range battery warranty, BYD offers an additional 58,000 km of protection.

The move is enabled by BYD’s confidence in its Blade Battery technology, which is interestingly used by competitors, such as Tesla.

The Blade Battery uses Lithium Iron Phosphate (LFP) chemistry, which is known for having a longer cycle life than the Nickel Cobalt Manganese (NCM) cells traditionally used in long-range EVs.

BYD has often claimed that the Blade Battery can sustain over 3,000 charge cycles while maintaining reasonable capacity. Even when accounting for linear degradation to 70% capacity over that lifespan, 3,000 cycles on a vehicle with a 400 km starting range would still result in roughly 1 million kilometers of total service life. Consequently, a 250,000 km warranty remains quite conservative for the chemistry, even if it is aggressive for the market.

This comes as BYD continues to expand aggressively in Europe, having recently launched the Sealion 7 and updated versions of the Seal and Atto 3.

Electrek’s Take

This is exactly the kind of competition we like to see.

It’s great to see BYD using the inherent durability of LFP cells to offer a tangible benefit to consumers rather than just cutting costs.

I’m looking at Tesla here. Tesla has been a pioneer in battery longevity, and we know their packs can last a very long time, especially the LFP packs in the standard range Model 3 and Y.

In fact, Tesla even used BYD’s blade batteries in some of the vehicles it sells in Europe.

It would be great to see Tesla follow BYD here.

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