Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024.
Joe Raedle | Getty Images News | Getty Images
As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them were Elon Musk, Robert F. Kennedy, Jr. and Cantor Fitzgerald CEO Howard Lutnick.
One thing those three people have in common: crypto.
It’s an industry that Trump talked little about until recently but has counted on for large amounts of cash for his campaign and related PACs. Getting that money required him to make big promises pertaining to the crypto industry.
Digital asset markets surged on Election Night, with bitcoin hitting a record of over $75,000, as his victory began looking likely. Crypto-linked stocks like Coinbase and MicroStrategy moved higher as well in after-hours trading Tuesday.
With a Republican-controlled Senate on the horizon, Trump has few roadblocks to putting in place a more pro-crypto platform. Here are some of the things he’s pledged to do:
Strategic national crypto stockpile
In Nashville in July, Trump headlined the biggest bitcoin conference of the year. In his keynote address, the former president said that if he returned to the White House, he would ensure the federal government never sells off its bitcoin holdings. However, he stopped short of proposing a formal federal reserve of digital currency.
“For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your bitcoin,” Trump said during his keynote speech.
Trump pledged to maintain the current level of bitcoin holdings that the U.S. has amassed from seizing assets from financial criminals.
“If I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the U.S. government currently holds or acquires into the future,” he said.
Currently, the U.S. Marshals Service regularly auctions off bitcoin as well as other cryptocurrencies held in the country’s coffers such as ether and litecoin. These sales can sometimes trigger drops in crypto prices, like earlier this year when Germany began to liquidate hundreds of millions of dollars worth of bitcoin it had seized.
“On day one, I will fire Gary Gensler,” Trump said, referencing the Joe Biden-appointed SEC chairman who has taken an aggressive approach to crypto regulation.
The president does not have the power to fire the SEC chair. Even if Trump were to appoint a new chairman, Gensler would remain a commissioner on the independent agency.
Gensler has brought more than 100 actions against crypto firms during his tenure at the helm of the commission. In multiple interviews, the SEC chair has said he believes much of the industry already belongs under its jurisdiction, and its lawsuits are simply bringing the sector under compliance.
Crypto firms argue that the recent legal battles haven’t given the regulatory clarity the industry has been seeking, and they instead reflect a gross overreach by the commission.
Trump also vowed to create a “bitcoin and crypto presidential advisory council.”
“The rules will be written by people who love your industry, not hate your industry,” he said.
Trump has expressly spoken out about his qualms with Sen. Elizabeth Warren, D-Mass., who is widely viewed by the crypto community as an existential threat.
All bitcoin will be mined in America
In June in Palm Beach, Florida, about a dozen bitcoin mining executives and experts sat down with Trump for an hour and a half in a small tea room at the Mar-a-Lago Club. The closed-door session marked the first time the former president took a meeting with the technologists securing the $1.5 trillion bitcoin network by running large banks of high-powered machines.
Less than four hours after Trump’s roundtable wrapped, the former president took to social media to extol the virtues of the bitcoin mining business.
“Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!” Trump posted on Truth Social shortly after his meeting.
Since then, Trump has on multiple occasions reiterated the sentiment.
“If crypto is going to define the future, I want it to be mined, minted and made in the USA,” Trump declared in Nashville.
“We will be creating so much electricity that you’ll be saying, ‘Please, please, President, we don’t want any more electricity. We can’t stand it!'” he added.
Fed rate cuts
In August, Trump said that, if elected, he would lower interest rates.
The Federal Reserve, which guides the country’s monetary policy, sets the benchmark rate. It also, by design, operates independently from the White House.
Fed Chair Jerome Powell in September decided to slash rates by a half point in its first easing campaign in four years.
Rate cuts and the easing of monetary policy historically dovetails with a surge in crypto prices since it makes it cheaper to borrow money.
It flies, it floats, it’s electric — and now it’s officially a hit. The world’s first electric hydrofoil ferry, a Candela P-12 vessel named Nova, has wrapped up its first season of public service in Stockholm, and new data confirms what many suspected: this sleek, silent, water-skimming machine isn’t just a cool piece of tech — it’s also wildly successful.
The Nova, which first entered Stockholm’s public transport system last fall, uses a combination of electric propulsion and hydrofoil technology to quite literally lift above the water. This reduces drag, increases efficiency, and makes it the fastest electric passenger vessel in the world, cruising comfortably at 25 knots (around 29 mph or 46 km/h).
As it prepares to return to the water on April 15 after a winter pause, Stockholm’s public transport authority has released performance data from Nova’s autumn run. The numbers reveal that the boat isn’t just fast — it’s popular, green, and pulling people out of their cars.
Compared to the diesel ferries it operates alongside, Nova emits 95% less CO₂ and uses 84% less energy per passenger-kilometer. That translates to just 23 grams of CO₂ per passenger-kilometer, compared to 439 grams for the older diesel vessels. In other words, it’s a drop in a bucket compared to the old standard.
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It’s not just an environmental win — it’s a rider favorite too. With 80% average occupancy (and many trips fully booked), Nova has become quite literally one of the hottest tickets on Stockholm’s Route 89. Some of that success may come from its 30-minute travel time between Tappström and Stockholm City Hall — roughly half the time it takes to get there by car or bus.
The numbers are clear with the data revealing that Nova attracts more people to travel on water, with a 30% increase in ridership on route 89. According to Candela CEO Gustav Hasselskog, this shows that high-speed, comfortable waterborne transit can actually convert car commuters into ferry riders — a holy grail for sustainable city planning.
In response to the strong demand, Region Stockholm will expand Nova’s service from five to six days a week this spring, and to daily operations by May. In August, the pilot program will be evaluated — and Candela is already eyeing more routes across Stockholm’s vast archipelago.
The P-12’s combination of speed, silence, and ultra-low operating costs makes it ideal for routes with moderate passenger volume — a gap that many traditional ferries struggle to serve efficiently.
Candela isn’t stopping in Sweden, either. The company already has customers lined up in Saudi Arabia, New Zealand, and the U.S., suggesting that this may be just the beginning of the era of flying electric ferries.
“We are incredibly happy that Region Stockholm has enabled us to demonstrate the hydrofoil technology in the city’s public transport. We see that waterways in most cities have enormous potential for fast, low-cost, and emission-free transport that can relieve road networks and increase accessibility,” said Hasselskog. “This is just the beginning.”
Candela C-8 electric speedboat sails alongside a Candela P-12 electric ferry
Electrek’s Take
I’ve followed Candela with such interest over the years not just because of their fun electric speedboats (though I love those too, as you can tell from my first ride video below), but also because of the company’s ability to help take more cars off the road and switch commuters to ferry riders.
As someone who lives a largely car-free lifestyle, that’s huge for me. When we talk about reforming urban transportation, such lofty goals require a holistic approach and we should include a diverse field of options that can work together to achieve those intentions. Flying electric boats might not be most people’s first thought, but they achieve the same goal as many other alternatives, shifting commuters to more sustainable alternatives to cars.
We’ve already seen how capable electric hydrofoil ferries like these are, even watching the Candela P-12 tackle large swells in open seas. So short commutes like these that allow rapid recharging via DC Fast Charging at each stop make so much sense for such a capable machine.
Even when compared to traditional electric ferries, which are already an improvement by reducing emissions, electric hydrofoil ferries like these go so much further. They not only use even less energy than a traditional electric ferry, but they offer a faster trip and a smoother ride, making the idea of ferry travel that much more enticing. In this case seen in Stockholm, commuters get to arrive faster, more comfortably, and in a pretty cool way. That’s a win-win-win if you ask me!
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Renewables and nuclear provided 40.9% of the world’s power generation in 2024, passing the 40% mark for the first time since the 1940s, according to a new global energy think tank Ember report.
Renewables added a record 858 TWh in 2024, 49% more than the previous high in 2022. Solar was the largest contributor for the third year running, adding 474 TWh to reach a share of 6.9%. Solar was the fastest-growing power source (+29%) for the 20th year in a row.
Solar has doubled in just three years, providing more than 2,000 TWh of electricity in 2024. Wind generation also grew to 8.1% of global electricity, while hydro – the single largest renewable source – remained steady at 14% of global electricity.
“Solar power has become the engine of the global energy transition,” said Phil MacDonald, Ember’s managing director. “Paired with battery storage, solar is set to be an unstoppable force. As the fastest-growing and largest source of new electricity, it is critical in meeting the world’s ever-increasing demand for electricity.”
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Ember’s sixth annual Global Electricity Review, published today, provides the first comprehensive overview of the global power system in 2024 based on country-level data. It’s published alongside the world’s first open dataset on electricity generation in 2024, covering 88 countries that account for 93% of global electricity demand, as well as historical data for 215 countries.
What drove the rising power demand
The analysis finds that fossil fuels also saw a small 1.4% increase in 2024 due to surging electricity demand, pushing global power sector emissions up 1.6% to an all-time high.
Heatwaves were the main driver of the rise in fossil generation, accounting for almost a fifth (+0.7%) of the increase in global electricity demand in 2024 (+4.0%), mainly through additional use of cooling. Without these temperature effects, fossil fuel generation would have risen by only 0.2%, as clean electricity generation met 96% of the demand growth not caused by hotter temperatures.
“Amid the noise, it’s essential to focus on the real signal,” continued MacDonald. “Hotter weather drove the fossil generation increase in 2024, but we’re very unlikely to see a similar jump in 2025.”
Aside from weather effects, the increasing use of electricity for AI, data centers, EVs, and heat pumps is already contributing to global demand growth. Combined, the growing use of these technologies accounted for a 0.7% increase in global electricity demand in 2024, double what they contributed five years ago.
Clean power will grow faster than demand
Ember’s report shows that clean generation growth is set to outpace faster-rising demand in the coming years, marking the start of a permanent decline in fossil fuel generation. The current expected growth in clean generation would be sufficient to meet a demand increase of 4.1% per year to 2030, which is above expectations for demand growth.
“The world is watching how technologies like AI and EVs will drive electricity demand,” said MacDonald. “It’s clear that booming solar and wind are comfortably set to deliver, and those expecting fossil fuel generation to keep rising will be disappointed.”
Beyond emerging technologies, the growth trajectories of the world’s largest emerging economies will play a crucial role in defining the global outlook. More than half of the increase in solar generation in 2024 was in China, with its clean generation growth meeting 81% of its demand increase in 2024. India’s solar capacity additions in 2024 doubled compared to 2023. These two countries are at the forefront of the drive to clean power and will help tip the balance toward a decline in fossil generation at a global level.
Professor Xunpeng Shi, president of the International Society for Energy Transition Studies (ISETS), said: “The future of the global power system is being shaped in Asia, with China and India at the heart of the energy transition. Their increasing reliance on renewables to power demand growth marks a shift that will redefine the global power sector and accelerate the decline of fossil fuels.”
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The next-gen LEAF is almost here, and it’s looking better than ever. This isn’t the electric hatch you are used to seeing. Nissan’s new LEAF EV has more range, a fresh crossover design, and yes, it can finally charge up at Tesla Superchargers with an NACS port. With the official reveal just around the corner, someone already spotted the new LEAF at a Tesla charger in Canada.
Nissan is launching the new LEAF in the US and Canada
A little over a week ago, we finally got our first look at the third-generation LEAF. Nissan’s iconic electric hatch has grown into a “sleek and spacious family-friendly crossover.”
The US and Canada will be the first to see the reimagined LEAF later this year. It will join the Ariya in Nissan’s North American EV lineup as it looks to spark growth in one of its most important markets.
Based on the CMF-EV platform, the same one underpinning the Ariya, Nissan promises the new LEAF will have “significant range improvements.” Although no other details were revealed, Nissan’s vehicle programs chief, Francois Bailly, told TopGear.com that it’s expected to have WLTP driving range of up to 373 miles (600 km).
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It will likely be lower on the EPA scale, but anything even close to 300 miles would be a major improvement over the current 212 EPA-estimated miles offered on the 2025 LEAF SV Plus.
Nissan’s new LEAF EV (Source: Nissan)
The next-gen LEAF will also be Nissan’s first EV to feature an integrated NACS charging port. With its official debut later this year, the new model is out for testing and was just caught testing at a Tesla Supercharger in Canada.
Nissan’s next-gen LEAF charging at a Tesla Supercharger in Canada ahead of its debut (Source: KindelAuto)
If you didn’t know what vehicle it is, the LEAF is hardly recognizable. The new image from KindelAuto gives us a closer look at the new crossover design. It almost looks like a Tesla sitting in front of the charger.
The new LEAF is one of 10 new and refreshed Nissan vehicles set to launch in the US and Canada. It will arrive later this year, followed by the fourth-gen Rogue in 2026, which will be available as a PHEV for the first time.
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)
Nissan also plans to build a new “adventure-focused SUV” at its Canton, Mississippi, plant in late 2027. The teaser shows what appears to be a rugged electric Xterra. We’ll have to wait for more details on that one.
Nissan will reveal additional info about the upcoming LEAF mid-year. Check back soon for more updates.
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