Connect with us

Published

on

U.S. President Donald Trump speaks as Crypto czar David Sacks, U.S. Treasury Secretary Scott Bessent, U.S. Commerce Secretary Howard Lutnick, and Executive Director of the Presidential Council of Advisers for Digital Assets Bo Hines attend the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. 

Evelyn Hockstein | Reuters

Bo Hines has no professional background in crypto. He earned his law degree three years ago from Wake Forest. He’s twice unsuccessfully run for Congress in North Carolina.

Now the 29-year-old former football player is wrapping up his second month as one of the leaders of President Donald Trump’s crypto agenda.

“We’re well on our way in delivering on the President’s promise to welcome in the golden age for digital assets,” Hines told CNBC in an interview this week. “And make the United States the crypto capital of the planet.”

Hines is repeating a high-level message Trump has been uttering since the waning months of his campaign last year, when he became the crypto industry’s clear choice to run the country. Hines is working under former venture capitalist David Sacks, who Trump tapped to be the first White House AI and crypto czar.

Hines said he and Sacks are working “hand in glove” to not only rewire crypto regulation, but to do it quickly.

“The president’s given us the authority to do that,” Hines said. “He trusts his advisors.”

Hines played wide receiver for North Carolina State’s football team, and has said his interest in digital assets began as far back as 2014, when he played in the BitPay-sponsored Bitcoin St. Petersburg Bowl. N.C. State beat the University of Central Florida by a touchdown in the game, and Hines caught three passes.

Hines went to Wake Forest to pursue a law degree. He explored regulatory issues related to crypto and became a retail investor. He then turned his attention to public office, losing campaigns for Congress in 2022 and 2024.

But along the way, in the 2022 primary, Hines won the endorsement of Trump, who called the candidate a “proven winner both on and off the field” in a news release from his Save America PAC.

In late 2024, Hines was tapped by President Trump to lead his Council of Advisers on Digital Assets. Now, he’s tasked with helping steer national crypto strategy, under Sacks, with a promise to “move at tech speed.”

Hines said much of the group’s early work has focused on dismantling what industry insiders call “Operation Choke Point 2.0.” It’s how they refer to an alleged crackdown by legacy banks on digital asset firms.

“They were victims of lawfare for the last four years,” Hines said, referring to the Biden administration.These are people that are doing nothing but helping our American economy grow.”

Read more about tech and crypto from CNBC Pro

On March 24, the group will hit its 60-day milestone — and deliver its first set of recommendations. Though Hines was light on specifics, he previewed a range of ideas under consideration, from proposals to scrap and rewrite outdated IRS rules to building up a “Strategic Bitcoin Reserve” through “budget-neutral” purchases.

“We view bitcoin as digital gold,” he said. “We want as much of it as we can possibly have for the American people,” he said. “And it’s not going to cost the taxpayer a dime.”

Hines floated one idea from the Bitcoin Act introduced by Sen. Cynthia Lummis, R-Wyo., which involves using the unrealized value of U.S. gold reserves to acquire crypto.

“There’s a bunch of creative ways we could get into,” he said.

Hines added that, like Sacks, he’s fully divested from crypto, though he declined to say whether others in the working group would follow suit.

“I can only speak for our office,” he said.

However, Hines said he’s not concerned about Trump’s own crypto-related financial entanglements, which could pose very obvious conflicts of interest. Trump and his family have launched several memecoins, digital collectibles, and a yet-to-be-launched crypto bank.

“He engaged with those assets before he took office,” Hines said. The Trump memecoin was introduced during inauguration weekend. “He’s an American citizen. He has a right to engage in any market that he wants to.”

Hines lauded SEC Commissioner Hester Peirce, who was tapped to lead a new crypto task force, as well as leadership at the Commodities Futures Trading Commission. Regulators are already “on the ground making changes,” from throwing out lawsuits to rewriting enforcement rules, he said.

He’s also watching Congress, where a bipartisan Senate committee recently advanced stablecoin legislation, a move Hines called “monumental.”

“Stablecoins could usher in U.S. dollar dominance for decades to come,” he said. “It could alter the course of the way our financial markets work.”

WATCH: David Sacks on bringing people from tech industry to Washington

Bringing people from tech industry to Washington is a positive thing: Trump's AI Czar David Sacks

Continue Reading

Environment

Xiaomi shows off battery safety tech – by dropping fruit off a 6 floor building

Published

on

By

Xiaomi shows off battery safety tech – by dropping fruit off a 6 floor building

Xiaomi is building some of the best, most capable high-performance electric cars in the world right now – and Xiaomi CEO Lei Jun wants you to know that they’re among the safest, too. To prove it, he’s wrapping a watermelon in the company’s “bulletproof” battery armor and dropping it off a six-storey building.

Designed to withstand punctures, tears, and abrasions, Xiaomi says its “bulletproof” battery coating gives its SU7 Ultra EV batteries significantly better safety performance in crash tests when compared to other EVs.

In a video uploaded to some of Jun’s personal social media accounts, Lei threw three watermelons from the top of a six-floor building located in the electric vehicle division on the company’s industrial campus on outskirts of Beijing. The watermelons coated with the grey coating … well, you can watch the video for yourself, below.

Xiaomi CEO vs. watermelon

The company began selling its SU7 Ultra EV last month, with a price tag just shy of $75,000. It’s the company’s latest effort to expand into China’s increasingly competitive luxury car segment. That car reportedly secured more than 10,000 orders in its first two hours on the market, with Lei noting a significant portion of its SU7 buyers were women between 30 and 35.

Advertisement – scroll for more content

Those figures are believed to be driven by the popularity of the Xiaomi CEO, himself. Lei Jun – known as “Leibs” to his fans – has a massive online presence with 44 million followers and more than 210 million likes across his 490 videos.

Xiaomi is best known for its smartphone business, which shipped 168.5 million units last year alone – making it the third largest phone brand with over 10% global market share.

Electrek’s Take

Chinese-EV-Ford
Xiaomi SUV EV; via Xiaomi.

I’ve said it before, but it seems like every new EV that emerges from China’s tech-forward luxury electric car brands makes EVs from Ford and Tesla look the level-three generic offerings from whatever the automotive equivalent of Dollar Tree is – and now the same is true for their fancy fruit coverings.

American car brands should be absolutely quaking.

SOURCE | IMAGES: Lei Jun; via Weibo, CarNewsChina.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

ZQUIP modular power lets job sites switch from diesel to EV on the same machine

Published

on

By

ZQUIP modular power lets job sites switch from diesel to EV on the same machine

MOOG Construction’s energy skunkworks ZQUIP made headlines last year by bringing the cordless power tool battery model to the world of industrial-grade heavy equipment – now, they’re making it even easier for job sites to make every kilowatt count by enabling them to switch from diesel to electric and back, on the same machine. (!)

Battery swapping. The idea is simple enough, and its widespread adoption over the last two or three decades of power tools has proven its effectiveness in some of the toughest proving grounds the world over. Construction sites, demolition crews, and landscapers trust their cordless tools – and they’ve often wondered aloud when the EV industry will catch up with the hardware space.

MOOG Construction’s ZQUIP seemed to be the first Western company to get on the ball, developing a proof-of-concept model built on a Caterpillar CAT 308 8-ton excavator that took the conventional diesel machine into a quiet, 140 kW, zero-emissions excavator ready to go to work on urban projects with strict noise regulation challenges or on environmentally sensitive zero drip job sites. Each of its 140 kWh battery packs Energy Modules could be removed and “hot swapped” with a freshly charged pack without the need to get the machine back to a charging station, or the need to stop work.

But what if you need something different? What if you find yourself in a situation where continuous power is needed and access to grid power and gensets are both limited?

Advertisement – scroll for more content

For that, you need a diesel – and ZQUIP’s latest ZQ140 diesel-powered genset Energy Module works like an EREV to provide a continuous supply of kW to the big CAT’s electric motors, keeping it running 24/7 (or until the tanker runs out of diesel, anyway). The solution eliminates the need for fleet managers or rental companies to carry two assets, and enables buyers to decarbonize where they can without wasting resources on duplicating machinery, or duplicating battery capacity.

“Imagine a construction site with six ZQuip machines,” offers Kathy Wells. “Two need 800 kWh of battery capacity while four require 400 kWh. The total energy for the day equals 3.2 mWh. In contrast, today’s traditional all-electric vehicles might come equipped with an 800-kWh battery on each of the six machines mentioned above.”

In Wells’ scenario, the fleet owner would effectively be paying for 50% more battery capacity than they need. That’s not only capacity that would go unused, it could be argued that the raw materials spent making those batteries could be put to better use elsewhere.

And if fleet managers get the math wrong? Kathy says that’s fine, too. “(Fleets) optimize each machine by installing the appropriate number of ZQUIP Energy Modules — and, if necessary, swap them across any machine on the job site.”

Hot swapping modules

ZQUIP Energy Modules; via MOOG Construction.

In addition to optimizing battery capacity and introducing greater energy flexibility into a job site’s operations, the ZQUIP modules increase uptime by eliminating the need to rotate the machine out of operation for engine maintenance.

“The diesel power modules have a 1.2-by-0.8-meter footprint and stand 1.1 meters high, the same dimensions as a 140-kWh ZQUIP battery power module, or ZQ140. The diesel power module has a 25kW continuous rating, 48-liter tank, and IoT-connected ZQUIP software. “Unlike traditional machines,” reads the ZQUIP release, “ZQUIP vehicle owners do not spend money to take a machine out of service and transport it for engine maintenance. Workers can easily and cost-effectively transport, swap out and maintain the diesel power module while the operator and machine continue working with new power modules.”

ZQUIP will have a presence in two activations at bauma 2025. First, at the Moog Construction booth, the company will have its OG Caterpillar CAT 308-based machine and a new, CASE CX210-ZQ. ZQUIP will also have a presence at the Case Construction booth, where visitors can see a new CASE WX155-ZQ machine, marking the start of an official collaboration between MOOG and Case parent company CNH.

Electrek’s Take

We were lucky enough to have Chris and Rob from Moog Construction, whose innovative new ZQUIP modular Energy Modules are revolutionizing the future of job sites and fleet asset management, as guests on The Heavy Equipment Podcast last year. Here’s that episode again (also available on Apple Podcasts), so check it out as we get started on Season 3.

SOURCE | IMAGES: ZQUIP; via T&D World, Access Newswire.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Elgo-Plus Springer Max-EB electric micro excavator asks: Can you dig it?

Published

on

By

Elgo-Plus Springer Max-EB electric micro excavator asks: Can you dig it?

If you’re a middle-aged suburbanite looking to throw down the landscaping gauntlet on a rival dad, the Elgo-Plus Springer Max-EB battery electric micro excavator is absolutely the one-up yard machine you’ve been waiting for.

Picture the scene. You’ve just put your new wide-deck electric Deere to bed after one of the first mows of the season, and you look across the street and see Electrek‘s own Micah Toll, rolling a freakin’ Chinese electric excavator off a container making you look like a chump. What are you gonna do now? Dig with a shovel?

Imagine what your wife would say – or your kids! Who are you kidding? They’re his wife and his kids now. He has won.

If you’re under forty I’m sure all that seems like crazy gibberish, but I assure you: suburban gardening and landscaping is a subtle, competitive, and brutal determiner of the social pecking order in huge swaths of middle America, and I guarantee at least one of Micah’s neighbors clenched their jaw in rage when they saw those electric excavators and wheel loaders turn up. And for those dear weirdos, my dear weirdos, I have found the appropriate response: the Elgo-Plus Springer Max B electric excavator.

Advertisement – scroll for more content

European design, American hardware

The Elgo-Plus Springer Max is sold throughout Europe with Vanguard V-twin power, but the Spring Max-EB ditches the 14 hp ICE deal in favor of a 3 kW 48V electric motor from Benevelli powered by a pair of 5 kWh Briggs & Stratton Vanguard Lithium-Ion batteries that are Made in the USA, and good for up to five hours of continuous work with a four hour charge time on 220/240V Level 2 power.

And if that’s not good enough for you, there’s a newer model reportedly in development that uses two Vanguard 48V 7.0-kWh fixed battery packs (Fi7.0) capable of fully charging in under two hours.

“Having already worked with Briggs & Stratton for more than three years, we had every confidence in choosing their Vanguard batteries to power our electric mini-digger,” Andrzej Zielinski, CEO of Elgo-Plus told Power Progress. “The Vanguard Fi7.0 batteries answered every requirement and have delivered excellent results in terms of productivity and performance.”

The Elgo-Plus Springer Max-EB electric excavator is available now throughout mainland Europe, and ships with a Danfoss Turolla shhark [sic] 6cc hydraulic pump, Vanguard 1050W onboard charger, along with three buckets (incl. a 70 cm grading bucket), a ripping tool, LED lights, and a charging cable for 20,800 Euro (!).

It’s not cheap, but it’s bound to raise the bar in the suburban landscaping world, while its smooth, quiet, and vibration-free operation will surely make it a favorite on construction sites, as well.

SOURCE | IMAGES: Elgo-Plus.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending