U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025.
Evelyn Hockstein | Reuters
David Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, Craft Ventures, before starting the job, according to a memo from the White House.
Of the the assets sold, the documents said that at least $85 million “is directly attributable to Sacks.” The memo, from White House counsel David Warrington, added that Craft remains an investor in some other funds that have digital assets in their portfolios.
The disclosure, dated March 5, is 11 pages long, compared to the two-page document from Robert F. Kennedy Jr., the newly installed secretary of Health and Human Services. Sacks’ divestments mark a stark contrast to the behavior of others in the administration, and follow the first Trump term, during which conflicts of interest were routinely disregarded.
President Trump, in addition to his many real estate assets, currently maintains a major stake in Trump Media & Technology Group, the publicly traded parent of Truth Social, and has launched multiple crypto projects that can rise or fall in value based on various government policies. And Tesla CEO Elon Musk, who also controls SpaceX, social media company X and AI startup xAI, is in position, as one of the president’s top advisers, to shape regulations in a way that potentially favor his businesses.
Three days before his inauguration, President Trump launched a memetoken dubbed $TRUMP through his company, CIC Digital LLC, which owns 80% of the coin’s supply. The Trump family also receives 75% of proceeds from a separate crypto bank launched last year called World Liberty Financial.
Musk, meanwhile, who is heading up the so-called Department of Government Efficiency, or DOGE, counts on government contracts, particularly at SpaceX. The company, for example, has a $1.8 billion contract with the National Reconnaissance Office to build a network of spy satellites.
Beyond Trump and Musk, reports indicate that several cabinet members hold substantial investments in various cryptocurrencies. Commerce Secretary Howard Lutnick, who recently departed his role leading Cantor Fitzgerald, has reportedly made hundreds of millions of dollars from its ties to tether.
Representatives for Musk, the White House and from the Commerce Department didn’t immediately respond to requests for comment.
Sacks’ divestments
Sacks, who became a well-known national figure as one of the four hosts of the popular All-In podcast, said in an episode of the show last week that he had sold roughly $200 million in crypto “because I didn’t want to even have the appearance of a conflict.”
He was responding to criticism that had been levied by numerous public officials, including Massachusetts Senator Elizabeth Warren, the top Democrat on the Senate Banking Committee. Warren sent a letter to Sacks ahead of last week’s first-ever White House Crypto Summit, raising conflict-of-interest concerns and calling on Sacks to disclose any financial holdings in bitcoin, ether, solana, and other assets included in Trump’s initial proposal for a strategic reserve.
When President Trump finally signed an executive order on the matter on March 6, he said the U.S. was establishing a Strategic Bitcoin Reserve that would not include other digital currencies. Sacks said the reserve would be funded exclusively through tokens seized in criminal and civil forfeiture cases, ensuring no taxpayer burden. The order also created a U.S. Digital Asset Stockpile, managed by the Treasury Department, to hold other confiscated cryptocurrencies.
According to Sacks’ ethics disclosure, he and his venture firm sold off all their liquid cryptocurrency holdings, including bitcoin, ether, and solana, as well as his directly held position in the Bitwise 10 Crypto Index Fund and shares in Coinbase and Robinhood.
Sacks also began liquidating his stake in private digital asset companies, including his limited partner interest in crypto-focused investment funds such as Multicoin Capital and Blockchain Capital.
There are still a handful of digital asset-related holdings in his portfolio. Collectively, these holdings amount to less than 0.1% of his total investment assets, with their sale described as “certain and imminent.”
Chrysler parent company Stellantis is sinking billions on electric Jeeps and Chargers that no one wants, but the they’ve developed market-leading EVs in Europe, and this latest, £36,995 DS Automobiles No4 is exactly the sort of electric crossover that could rejuvenate the brand’s American prospects. The only question now is: why won’t they bring it here?
The new all-electric No4 E-Tense model from Stellantis’ French brand DS Automobiles will be offered at three trim levels starting with the Pallas at £36,995 (approx. $48K US), rising to £39,160 for the Pallas+ and topping out at £41,860 (approx. $56K US, before incentives get applied) for the range-topping Etoile.
All three trims use a front-mounted electric motor rated at 213 hp, drawing from a 58.3‑kWh battery pack. That setup delivers up to 280 miles on the WLTP cycle (about 240 miles by EPA estimates). That feels like a lot of miles from a relatively small battery, aided no doubt by the DS No4’s aerodynamic. Inside the No4’s sculpted flanks is enough room for five adults and a bunch of their stuff, as well as an incredibly sexy dash and infotainment layout that (in the official press photos, at least) seems positively slathered in Alcantara (think “vegan suede”).
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With 120 kW fast charging capabilities, the No4’s battery pack can replenish from 20 to 80 percent in under 30 minutes. Thanks to built‑in V2L/V2X tech, the No4 can also supply power back to external devices.
Electrek’s Take
I think it would be a hit. As for why the marketing gurus at whatever’s left of the old Chrysler corporation seem to think an electric muscle car that no one asked for or a Dodge-branded Alfa Romeo that no one will ever ask for is a better use of their marketing dollars – that’s simply beyond me.
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The clock is running out on some of the best EV lease deals of the year. With the 25% tariff on imported EVs already hitting and the federal tax credit set to vanish after September 30, automakers are dangling some serious end-of-the-month offers. If you’ve been waiting to go electric, now’s the time. CarsDirect spotted three August EV price drops worth a look, but you’ll need to move fast, because these deals won’t last past the holiday weekend.
2025 Mercedes EQE SUV: $62 per month price drop
Mercedes is sweetening the pot on its EQE SUV as it works to move inventory. The 2025 Mercedes-Benz EQE 350+ SUV can now be leased for $629 a month for 36 months with $7,923 due at signing. That works out to an effective $849 a month – a $62 drop from previous deals. For a nearly $80,000 luxury EV, that’s not a bad offer.
But timing is key. The federal EV tax credit disappears next month, and Mercedes is set to pause US EV orders on September 1, which could make finding the right model tougher. Current incentives run through September 2, so if you’ve been eyeing an EQE, lock one in now before the market shifts.
Click here to find a local dealer with the Mercedes EQE SUV in stock.–trusted affiliate link
2025 Volkswagen ID. Buzz: $90 per month price drop
As of August 22, the 2025 Volkswagen ID. Buzz picked up a hidden $3,000 Dealer Lease Bonus – that is, dealer cash that only shows up if you lease.
That incentive knocks the Pro S trim down to $589 a month for 36 months with $5,999 due at signing. Do the math, and that’s $756 a month effective cost – a $90 drop from the earlier $846 offer. With $10,500 in total savings, this is the best deal yet on the ID. Buzz and one of the standout Labor Day EV lease offers.
Hyundai just slashed the price on its most powerful EV yet. The 2025 IONIQ 5 N can now be leased for $549 a month for 36 months with $3,999 due at signing (10,000 miles a year). That works out to an effective $660 a month – a huge $150 drop from July.
For a track-ready performance car, that’s a steal. And unlike most performance machines, the IONIQ 5 N doesn’t guzzle gas – you can just plug it in overnight at home. Current offers run through September 2.
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UK delivery firm DPD is putting one of Terberg’s heavy-duty electric yard tractors to the test at its giant, Oldbury, UK logistics hub – and its findings will help DPD shape a cleaner, more sustainable fleet strategy for the future.
DPD operates a fleet of over 50 yard hostlers (or “tugs” in the UK) to perform all trailer movements across its five sorting hubs in Oldbury, Smethwick, and Hinckley. Currently, those yards are serviced by a fleet of diesel tractors – but the company is interested in decarbonizing and “keen” to understand how EVs could be deployed across the fleet in the longer term.
“Tugs are the lifeblood of our hub operation, performing all trailer movements efficiently and safely across the five sites,” says Tim Jones, Director of Marketing, Communications, and Sustainability at DPD UK.
To that end, the company has deployed a Royal Terberg YT203-EV fitted with a pair of 78 kWh batteries, but it can be spec’ed up to 236 kWh and an almost unbelievable 105 tonne GCVWR. Even with “just” 156 kWh, the Terberg is able to work nearly a full 24 hours between charging – capability that is on par with diesel. At least.
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“Terberg DTS are proud to be able to assist DPD on the way to Net Zero (emissions) and it was great to be able to work with DPD’s drivers and demonstrate what the YT203-EV can do in their own yard,” explains Peter Giles, Head of UK Logistics Sales at Terberg DTS. “Their aim is to be one of the leaders in the march to a more sustainable fleet future and they have already amassed a lot of knowledge and experience working with EVs. We know just how versatile and effective the vehicle is, but every operation is slightly different and working on-site with their own drivers means DPD can get really meaningful feedback from those who know the job better than anyone.”
Several operators will be trying out the YT203-EV across different shifts and operations to get feedback. So far, however, they seem hyped. “The electric tug (performs) incredibly well,” adds Jones. “Our drivers were really impressed, especially with the ease of use and driver comfort.”
Electrek’s Take
Terberg terminal tractor; via DPD.
Whether it’s Terberg, Tico, or Orange EV, terminal tractors are an ideal application for electrification, and companies like DHL have spent more than a decade proving that out. And now that DPD is giving these HDEVs a chance, expect to see a whole lot more of them getting deployed soon.
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Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
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