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Trump attempts to bail out his wealthy cryptocurrency backers with U.S. crypto reserve
Just a few days ago, Mashable published an article investigating why Bitcoin and other cryptocurrencies were suddenly in a freefall. Of the four main reasons, three were attributable to Donald Trump and his actions as president.
This is not exactly what one would expect from Trump, who promised to be a pro-crypto president after its advocates helped him win the presidency.
But over the weekend, as Bitcoin lost roughly one-fifth of its value, Trump suddenly made an announcement that temporarily sent cryptocurrencies’ values skyrocketing once again.
On his social media platform Truth Social, Trump announced that the U.S. government would create a “Crypto Strategic Reserve” and begin buying various cryptocurrencies. Trump specifically mentioned five: Bitcoin, Ethereum, XRP, Solana, and Cardano.
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA,” posted Trump. “I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!”
Crypto immediately went up across the market. Bitcoin, for example, shot up from the $85,000 range to the $95,000 range, ending a seemingly downward spiral that the crypto market was experiencing.
However, critics immediately called out Trump and his administration for the move. For one, it seemed like a bizarre strategy for an administration spearheading a cost-cutting initiative led by Elon Musk to use taxpayer dollars to buy up cryptocurrencies.
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“Nobody announced a tax or a spending program,” White House AI and crypto czar David Sacks said to those critics. “Maybe you should wait to find out what’s actually being proposed.”
Sacks, a Silicon Valley venture capitalist, never shared precisely what was being proposed as a followup.
While most have likely heard of Bitcoin and Ethereum, the other three cryptocurrencies mentioned by the president serve very niche crypto audiences. Solana is probably best known as the platform on which many meme coins are built. For example, Trump’s controversial meme coin is traded on the Solana blockchain. Some crypto advocates even criticized Trump’s inclusion of XRP and ADA due to concerns regarding centralization and the lack of stablecoin issuers.
But speaking of Sacks, a big spotlight was also put on him and his seemingly coincidental connection to the five specific cryptocurrencies that Trump wants the U.S. government to buy.
Sacks was an early investor in Solana and, as a result, had a significant amount of Solana crypto holdings. Sacks claims he has since sold off all of his crypto holdings. However, Sacks has yet to speak to his venture capital firm Craft Ventures and its connection to the five specific cryptocurrencies.
Craft Ventures invests in crypto companies such as Bitwise, a crypto asset manager with significant crypto holdings. Its top five cryptocurrency holdings? Bitcoin, Ethereum, XRP, Solana, and Cardano.
We’ll have to wait and see exactly what Trump and Sacks have planned to fully look into the ramifications here, but so far, it’s not looking good.
As for Trump’s attempt to help the crypto markets, the bounce appears to have been only temporary. As of publication, most cryptocurrencies have dropped back to their trading levels before Trump’s announcement.
Entertainment
Best Mothers Day gifts: Show mom some love
Mother figures are the backbone of the world. Yours may be your biological mother, or maybe she’s your mother-in-law, your best friend’s mom, or simply someone whose motherly instinct has helped you through hard times.
Moms teach you the adulting necessities, give advice even if the problem is your fault, and above all, they put up with your shit and (almost) never complain.
The game plan here isn’t just to snag the last bouquet at CVS just so you’re not the kid who forgot Mother’s Day (but definitely also get flowers). And you don’t even need to spend a lot of money. (Peep our list of Mother’s Day gifts that cost less than $50. Want even more cheap gift ideas?
Skip the generic mugs and show your appreciation with a gift picked just for her: Whether it’s something to make a part of her life easier, something she’s mentioned wanting in passing, or simply something to make her feel like a damn queen, you can’t put a price on everything she’s done for you, but heartfelt gifts certainly help.
After all, they say “No matter how hard you try, you always end up like your mother.” But is that even a bad thing?
Entertainment
Ban subscriptions and get Microsoft Office 2024 for life for just £121
TL;DR: Grab Microsoft Office 2024 Home and Business for PC or Mac for just £120.54 through June 1.
You wouldn’t keep paying for Netflix if you could own your favorite shows, right? So why are you still subscribing to Office apps you use every day? Microsoft 365’s price keeps going up, but there’s finally a way to break free — and it’ll cost you way less in the long run.
Microsoft Office 2024 is the answer you’ve been looking for. Instead of monthly payments, simply pay £120.54 once and be set for life (reg. £188.37). It’s that simple. And, yes, this lifetime download works for PC or Mac.
What’s included?
This license comes with:
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Word
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Excel
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PowerPoint
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Outlook
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OneNote
The newest version of Microsoft Office is a little different from Microsoft 365. But just because you’re switching to a lifetime license doesn’t mean you’ll miss out on some of the most recent updates. Word and Excel both still have AI integrations for text suggestions and smart data analysis, and PowerPoint still has improved tools for recorded presentations.
Once you’ve redeemed your purchase, you can install your apps on one computer. After that, they’re yours to use however you want. No more subscription fees or sudden price hikes to worry about.
Why rent when you can own?
Mashable Deals
Get a Microsoft Office lifetime license on sale for £120.54 with no coupon needed.
StackSocial prices subject to change.
Entertainment
Wordle today: Answer, hints for May 9, 2025
Oh hey there! If you’re here, it must be time for Wordle. As always, we’re serving up our daily hints and tips to help you figure out today’s answer.
If you just want to be told today’s word, you can jump to the bottom of this article for today’s Wordle solution revealed. But if you’d rather solve it yourself, keep reading for some clues, tips, and strategies to assist you.
Where did Wordle come from?
Originally created by engineer Josh Wardle as a gift for his partner, Wordle rapidly spread to become an international phenomenon, with thousands of people around the globe playing every day. Alternate Wordle versions created by fans also sprang up, including battle royale Squabble, music identification game Heardle, and variations like Dordle and Quordle that make you guess multiple words at once.
Wordle eventually became so popular that it was purchased by the New York Times, and TikTok creators even livestream themselves playing.
What’s the best Wordle starting word?
The best Wordle starting word is the one that speaks to you. But if you prefer to be strategic in your approach, we have a few ideas to help you pick a word that might help you find the solution faster. One tip is to select a word that includes at least two different vowels, plus some common consonants like S, T, R, or N.
What happened to the Wordle archive?
The entire archive of past Wordle puzzles was originally available for anyone to enjoy whenever they felt like it, but it was later taken down, with the website’s creator stating it was done at the request of the New York Times. However, the New York Times then rolled out its own Wordle Archive, available only to NYT Games subscribers.
Is Wordle getting harder?
It might feel like Wordle is getting harder, but it actually isn’t any more difficult than when it first began. You can turn on Wordle‘s Hard Mode if you’re after more of a challenge, though.
Here’s a subtle hint for today’s Wordle answer:
Gibberish.
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Does today’s Wordle answer have a double letter?
There are no recurring letters.
Today’s Wordle is a 5-letter word that starts with…
Today’s Wordle starts with the letter T.
The Wordle answer today is…
Get your last guesses in now, because it’s your final chance to solve today’s Wordle before we reveal the solution.
Drumroll please!
The solution to today’s Wordle is…
TRIPE.
Don’t feel down if you didn’t manage to guess it this time. There will be a new Wordle for you to stretch your brain with tomorrow, and we’ll be back again to guide you with more helpful hints.
Are you also playing NYT Strands? See hints and answers for today’s Strands.
Reporting by Chance Townsend, Caitlin Welsh, Sam Haysom, Amanda Yeo, Shannon Connellan, Cecily Mauran, Mike Pearl, and Adam Rosenberg contributed to this article.
If you’re looking for more puzzles, Mashable’s got games now! Check out our games hub for Mahjong, Sudoku, free crossword, and more.
Not the day you’re after? Here’s the solution to yesterday’s Wordle.
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Best Mothers Day gifts: Show mom some love
