The Founding Fathers debated from the beginning whether the United States should try to spread liberty by force. While Thomas Jefferson wanted to back the French Revolution, George Washington warned Americans “to steer clear of permanent alliances with any portion of the foreign world” in his Farewell Address. What neither of them could have imagined was America becoming a forceful backer of absolute monarchy. But their present successor, Donald Trump, has become obsessed with building an ironclad alliance of the kind of rulers that Washington and Jefferson fought to break free of. A month ago, Trump demanded that Saudi Arabia…

Bitcoin (BTC) rallied, $50 short of $63,000, on July 3, and Ether (ETH) outperformed the wider market, pushing to $1,775. The end-of-week rally comes a few days after BTC fell to a 21-month low and ETH sank to fresh year-to-date lows. Highlighting the negative sentiment, the Crypto Fear & Greed index registered “Extreme Fear” at 11 out of 100. Crypto Fear & Greed Index. Source: Alternative.meThat gap between the “Extreme Fear” reading and Friday’s bullish market activity is worth noting. On July 2, US spot Bitcoin exchange-traded funds (ETFs) took in a net $221.7 million, their largest single-day inflow since early…

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