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Here’s a quick recap of the crypto landscape for Monday (August 11) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$118,815, down by 0.1 percent over the last 24 hours and its lowest valuation on Monday. Its highest price for the day was US$120,693.

Bitcoin price performance, August 11, 2025.

Chart via TradingView.

Analyst Omkar Godbole offered a cautious outlook, pointing to lower trading volumes for Bitcoin despite similar prices in July and a Coinbase Global (NASDAQ:COIN) discount suggesting weak US institutional demand.

Ethereum (ETH) has outperformed after a weekend rally.

Ethereum broke past US$4,300 on Monday as FG Nexus announced the acquisition of 47,331 ETH, worth about US$200 million. Meanwhile, data from Etherscan shows rising daily transaction counts over the past several weeks.

Creator coins like ZRO and PUMP also saw gains after announcements like Coinbase’s new DEX feature and LayerZero’s acquisition. Bondex CEO Ignacio Palomera called these developments an evolution in how creators can monetize their content. US consumer price index data on Tuesday (August 12) could fuel or dampen the crypto rally.

Altcoin price update

  • Solana (SOL) was priced at US$176.39, down by 3.6 percent over 24 hours and its lowest valuation for the day. Its highest price was US$180.86.
  • XRP was trading for US$3.16, down 1.7 percent in the past 24 hours and at its lowest valuation of the day. Its highest was US$3.22.
  • Sui (SUI) was trading at US$3.69, down by 5 percent over the past 24 hours, and its lowest valuation of the day. Its highest level was US$3.77.
  • Cardano (ADA) was trading at US$0.783, down by 3 percent over 24 hours and its lowest valuation on Monday. Its highest was US$0.8008.

Today’s crypto news to know

Bullish aims for US$4.82 billion valuation in upsized IPO

Bullish has increased the size of its planned initial public offering (IPO), targeting a valuation of up to US$4.82 billion. It plans to raise as much as US$990 million by selling 30 million shares priced between US$32 and US$33 each, a higher range than its previous filing, but still below its US$9 billion target in a failed 2021 SPAC merger.

The cryptocurrency exchange said it will convert a significant portion of its IPO proceeds into US-dollar-backed stablecoins through partnerships with token issuers. BlackRock-managed funds and Cathie Wood’s ARK Investment have shown interest in purchasing up to US$200 million worth of shares.

Bullish is expected to price the offering on Tuesday and debut on the NYSE under the ticker “FLY” the next day.

Tether and Rumble propose joint acquisition of Northern Data

Tether and Rumble (NASDAQ:RUM) have proposed to jointly acquire all shares of artificial intelligence infrastructure company Northern Data, according to a press release issued on Monday.

According to the proposed terms, USDt issuer Tether, already Northern Data’s largest shareholder, would support the transaction, which would see each Northern Data shareholder receive 2.319 newly issued Class A Rumble shares for each Northern Data share offered, leading to roughly 33.3 percent of Rumble ownership being transferred to Northern Data shareholders. The final exchange ratio may be adjusted for the potential sale of Peak Mining and a related debt reduction, which would increase the exchange ratio.

Subject to definitive documentation, Tether would also significantly increase its investment in Rumble, becoming a key customer with a multi-year GPU purchase commitment.

Chainlink to partner with ICE

Blockchain oracle platform Chainlink announced a partnership with US-based Fortune 500 company Intercontinental Exchange (NYSE:ICE) on Monday to bring foreign exchange and precious metals data onchain.

The collaboration will unite Intercontinental’s consolidated feed, an aggregator of market data from over 300 global exchanges and marketplaces, with Chainlink Data Streams’ derived data sets, which provide market information to power tokenization for over 2,000 decentralized applications and major financial institutions.

This partnership is the latest move to further integrate traditional market infrastructure with blockchain systems.

El Salvador targets wealthy investors with new Bitcoin banking law

El Salvador has approved a new investment banking law designed to attract institutional and high-net-worth crypto investors. Licensed investment banks with at least US$50 million in capital will be able to provide Bitcoin and other digital asset services, but only to clients meeting “sophisticated investor” criteria.

Requirements include at least US$250,000 in liquid assets and advanced financial knowledge.

The banks will be allowed to issue bonds, structure public-private projects and offer digital asset products. Lawmakers say the changes aim to position the country as a regional financial hub and draw in foreign private capital.

The move comes as President Nayib Bukele consolidates political power through constitutional reforms extending presidential terms and removing term limits.

Blue Origin to accept crypto payments for space flights

According to a Monday press release, Jeff Bezos’ Blue Origin has partnered with payment processing company Shift4 Payments (NYSE:FOUR) to allow customers to buy tickets to outer space using crypto and stablecoins.

Trips will take place on Blue Origin’s New Shepard reusable rockets, and direct payments will now be accepted from popular wallets from the likes of MetaMask and Coinbase.

“Our mission has always been to revolutionize commerce by simplifying the transaction process, and we’re thrilled to now extend that vision beyond Earth,” said Taylor Lauber, CEO of Shift4.

“This partnership will enable adventurous travelers to book the adventure of a lifetime, no matter their preferred payment method — all with a simple, frictionless experience,’ he added. Blue Origin has flown more than 75 passengers past the Kármán Line, the boundary separating Earth’s atmosphere and space.

“We believe crypto and stablecoins are going to become an increasingly popular way for consumers to pay, particularly for high-end purchases, as both the consumer and merchant benefit financially from these transactions,” commented Alex Wilson, head of crypto at Shift4.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

NEW YORK — A top official at the Federal Reserve said Saturday that this month’s stunning, weaker-than-expected report on the U.S. job market is strengthening her belief that interest rates should be lower.

Michelle Bowman was one of two Fed officials who voted a week and a half ago in favor of cutting interest rates. Such a move could help boost the economy by making it cheaper for people to borrow money to buy a house or a car, but it could also threaten to push inflation higher.

Bowman and a fellow dissenter lost out after nine other Fed officials voted to keep interest rates steady, as the Fed has been doing all year. The Fed’s chair, Jerome Powell, has been adamant that he wants to wait for more data about how President Donald Trump’s tariffs are affecting inflation before the Fed makes its next move.

At a speech during a bankers’ conference in Colorado on Saturday, Bowman said that “the latest labor market data reinforce my view” that the Fed should cut interest rates three times this year. The Fed has only three meetings left on the schedule in 2025.

The jobs report that arrived last week, only a couple of days after the Fed voted on interest rates, showed that employers hired far fewer workers last month than economists expected. It also said that hiring in prior months was much lower than initially thought.

On inflation, meanwhile, Bowman said she is getting more confident that Trump’s tariffs “will not present a persistent shock to inflation” and sees it moving closer to the Fed’s 2% target. Inflation has come down substantially since hitting a peak above 9% after the pandemic, but it has been stubbornly remaining above 2%.

The Fed’s job is to keep the job market strong, while keeping a lid on inflation. Its challenge is that it has one main tool to affect both those areas, and helping one by moving interest rates up or down often means hurting the other.

A fear is that Trump’s tariffs could box in the Federal Reserve by sticking the economy in a worst-case scenario called “stagflation,” where the economy stagnates but inflation is high. The Fed has no good tool to fix that, and it would likely have to prioritize either the job market or inflation before helping the other.

On Wall Street, expectations are that the Fed will have to cut interest rates at its next meeting in September after the U.S. jobs report came in so much below economists’ expectations.

Trump has been calling angrily for lower interest rates, often personally insulting Powell while doing so. He has the opportunity to add another person to the Fed’s board of governors after an appointee of former President Joe Biden stepped down recently.

This post appeared first on NBC NEWS

Nvidia and AMD have agreed to share 15% of their revenue from sales to China with the U.S. government, the White House confirmed Monday, sparking debate about whether the move could affect the chip giants’ business and whether Washington might seek similar deals.

In exchange for the revenue cut, the two semiconductor companies will receive export licenses to sell Nvidia’s H20 and AMD’s MI308 chips in China, according to the Financial Times.

“We follow rules the U.S. government sets for our participation in worldwide markets. While we haven’t shipped H20 to China for months, we hope export control rules will let America compete in China and worldwide,” Nvidia said in a statement to NBC News. “America cannot repeat 5G and lose telecommunication leadership. America’s AI tech stack can be the world’s standard if we race.”

AMD said in a statement that its initial license applications to export MI308 chips to China have been approved.

The arrangement crafted by President Donald Trump’s administration is “unusual,” analysts told CNBC, but underscores his transactional nature. Meanwhile, investors see the move as broadly positive for both Nvidia and AMD, which once more secure access to the Chinese market.

Nvidia’s H20 is a chip that has been specifically created to meet export requirements to China. It was previously banned under export curbs, but the company last month said it expected to receive licenses to send the product to China.

Also in July, AMD said it would resume exports of its MI308 chips.

At the time, there was no suggestion that the resumption of sales to China would come with conditions or any kind of revenue forfeiture, and the step was celebrated by markets because of the billions of dollars worth of potential sales to China that were back on the table.

On Monday, Nvidia shares rose modestly, while AMD’s stock was up more than 2%, highlighting how investors believe the latest development is not a major negative for the companies.

“From an investor perspective, it’s still a net positive, 85% of the revenue is better than zero,” Ben Barringer, global technology analyst at Quilter Cheviot, told CNBC.

“The question will be whether Nvidia and AMD adjust their prices by 15% to account for the levy, but ultimately it’s better that they can sell into the market rather than hand the market over entirely to Huawei.”

Huawei is Nvidia and AMD’s closest Chinese rival.

Uncertainty, nevertheless, still looms for both U.S. companies over the longer term.

“In the short term, the deal gives both companies some certainties for their exports to China,’ George Chen, partner and co-chair of the digital practice at The Asia Group, told CNBC. ‘For the long term, we don’t know if the U.S. government may want to take a bigger cut from their China business especially if their sales to China keep growing.’

Multiple analysts told CNBC that the deal is “unusual,” but almost par for the course for Trump.

“It’s a good development, albeit a strange one, and feels like the sort of arrangement you might expect from President Trump, who is a deal-maker at heart. He’s willing to yield, but only if he gets something in return, and this certainly sets an unusual precedent,” Barringer said.

Neil Shah, partner at Counterpoint Research, said the revenue cut is equivalent to an “indirect tariff at source.”

Daniel Newman, CEO of The Futurum Group, also posted Sunday on X that the move is a “sort of ‘tax’ for doing business in China.”

But such deals are unlikely to be cut for other companies.

“I don’t anticipate it extending to other sectors that are just as important to the U.S. economy like software and services,” Nick Patience, practice lead for AI at The Futurum Group, told CNBC.

The U.S. sees semiconductors as a strategic technology, given they underpin so many other tools like artificial intelligence, consumer electronics and even military applications. Washington has therefore put chips under an export control regime unlike that of any other product.

“Semiconductor is a very unique business and the pay-to-play tactic may work for Nvidia and AMD because it’s very much about getting export approval from the U.S. gov,” the Asia Group’s Chen said.

“Other business like Apple and Meta can be more complicated when it comes to their business models and services for China.”

Semiconductors have become a highly sensitive geopolitical topic. Over the last two weeks, China has raised concerns about the security of Nvidia’s chips.

Late last month, Chinese regulators asked Nvidia to “clarify” reports about potential security vulnerabilities and “backdoors.” Nvidia rejected the possibility that its chips have any “backdoors” that would allow anyone to access or control them. On Sunday, Nvidia again denied that its H20 semiconductors have backdoors after accusations from a social media account affiliated with Chinese state media.

China’s state-run newspaper Global Times slammed Washington’s tactics, citing an expert.

“This approach means that the US government has repudiated its original security justification to pressure US chip makers to secure export licenses to China through economic leverage,” the Global Times article said.

The Chinese government is yet to comment on the reported revenue agreement.

Trump’s deal with Nvidia and AMD will likely stir mixed feelings in China. On the one hand, China will be unhappy with the arrangement. On the other hand, Chinese firms will likely want to get their hands on these chips to continue to advance their own AI capabilities.

“For China, it is a conundrum as they need those chips to advance their AI ambitions but also the fee to the US government could make it costlier and there is a doubt of US ‘backdoors’ considering US has agreed for chipmakers to supply,” Counterpoint Research’s Shah said.

— CNBC’s Erin Doherty contributed to this report.

This post appeared first on NBC NEWS

Disney’s ESPN and Fox Corp. are teaming up to offer their upcoming direct-to-consumer streaming services as a bundle, the companies said Monday.

The move comes as media companies look to nab more consumers for their streaming alternatives, and draw them in with sports, in particular.

Last week, both companies announced additional details about the new streaming options. ESPN’s streaming service — which has the same name as the TV network — and Fox’s Fox One will each launch on Aug. 21, ahead of the college football and NFL seasons.

The bundled apps, however, will be available beginning Oct. 2 for $39.99 per month. Separately, ESPN and Fox One will cost $29.99 and $19.99 a month, respectively.

While the bundle will offer sports fans a bigger offering at a discounted rate, the streaming services are not exactly the same.

ESPN’s flagship service will be an all-in-one app that includes all of its live sports and programming from its TV networks, including ESPN2 and the SEC Network, as well as ESPN on Disney-owned ABC. The app will also have fantasy products, new betting tie-ins, studio programming and documentaries.

ESPN will also offer its app as a bundle with Disney’s other streaming services, Disney+ and Hulu, for $35.99 a month. That Disney bundle will cost a discounted $29.99 a month for the first 12 months — the same price as the stand-alone app.

Last week, ESPN further beefed up the content on its streaming app when it inked a deal with the WWE for the U.S. rights to the wrestling league’s biggest live events, including WrestleMania, the Royal Rumble and SummerSlam, beginning in 2026. The sports media giant also reached an agreement with the NFL that will see ESPN acquire the NFL Network and other media assets from the league.

The Fox One service, however, will be a bit different. Fox had been on the sidelines of direct-to-consumer streaming for years after its competitors launched their platforms. Just this year, it said it would offer all of its content — including news and entertainment — from its broadcast and pay TV networks in a streaming offering. Fox One won’t have any exclusive or original content.

Fox’s move into the direct-to-consumer streaming game — outside of its Fox Nation app and the free, ad-supported streamer Tubi — came after it abandoned its efforts to launch Venu, a joint sports streaming venture with Disney and Warner Bros. Discovery.

Both Fox CEO Lachlan Murdoch and Disney CEO Bob Iger said during separate earnings calls last week that they were exploring bundling options with other services. Since Fox announced the Fox One app, Murdoch has said the company would lean into bundles with other streaming services.

“Announcing ESPN as our first bundle partner is evidence of our desire to deliver the best possible value and viewing experience to our shared customers,” said Tony Billetter, SVP of strategy and business development for FOX’s direct to consumer segment, in a release on Monday.

This post appeared first on NBC NEWS

Senate Republicans left Washington this week to sell President Donald Trump’s ‘big, beautiful bill,’ but the road to creating and passing the legislation began just over a year and a half ago. 

Trump’s $3.3 trillion megabill, crammed with his legislative priorities on border security, defense and energy, was a product months in the making. And it was the marquee policy in the bill, which was to extend or make permanent many of the 2017 Tax Cuts and Jobs Act, that was the driving force behind Republicans’ desire to pass it.

But Senate Republicans have had little time to rest on their laurels and celebrate the bill’s passage, spending the month since Trump signed it advancing a $9 billion clawback package and trying to ram through Senate Democrats’ blockade of the president’s nominees.

The journey to pass the bill began well before Republicans had a trifecta in Washington in early 2024, when then-Senate Republican Conference Chair John Barrasso, R-Wyo., hosted a policy retreat with Senate Republicans to hash out what the GOP’s agenda could look like should the win out in November.

And months later, Trump visited with Senate Republicans to discuss the strategy they had been working on behind-the-scenes.

‘With President Trump in the White House, we discussed how Republicans will get America back on track,’ Barrasso said at the time. ‘That starts with helping families escape the pain of Democrat high prices, unleashing American energy, stopping Democrat tax increases, and securing the Southern Border. Republicans are united.’

The real, nitty-gritty work began in January where concepts were taken and fleshed out into legislation.

Senate Majority Leader John Thune, R-S.D., opted to leapfrog the House and move forward with the Senate’s own budget framework, which initially divided the ‘big, beautiful bill’ into two chunks. That added pressure on Republicans in the lower chamber to coalesce behind a plan of their own.

For much of the earlier part of this year, however, the Senate was waiting on the House to fine-tune and pass their own version of the bill. Still, Thune and his leadership team, including Sen. Markwayne Mullin, R-Okla., worked to get a product from one side of the building to the other that the Senate GOP could work with.

And when the bill made its way to the upper chamber in early June, the pressure was on to deliver a finished product to Trump by July 4, an artificial deadline used to help corral lawmakers into finishing work on the bill.

One of the major disagreements in the upper chamber before the bill ever hit the floor was over the nature of cuts to Medicaid, particularly aimed at the provider tax rate. The issue was eventually smoothed over through the creation of a $50 billion rural hospital fund, but lawmakers who sounded the alarm against it vowed to ensure that the changes to the provider would never take effect.

‘I think it was a huge mistake,’ Sen. Josh Hawley, R-Mo., said at the time. ‘I think this has been an unhappy episode here in Congress, this effort to cut Medicaid.’ 

‘And I think, frankly, my party needs to do some soul-searching,’ he continued. ‘If you want to be a working class party, you’ve got to get delivered for working class people. You cannot take away health care from working people.’

And when the bill did finally hit the floor for what would evolve into a multi-day affair of passing through procedural hurdles, Senate Minority Leader Chuck Schumer, D-N.Y., forcing the reading of the entire bill and a marathon vote-a-rama, Senate Republicans were still not entirely on board.

At first, a cohort of fiscal hawks led by Sen. Ron Johnson, R-Wis., and Sen. Rick Scott, R-Fla., appeared to not support the package — they wanted even deeper cuts to Medicaid by tweaking the percentage that the federal government pays for healthcare in states that opted into Obamacare, which they argued would have saved billions extra.

They were offered an amendment that eventually never came to the floor, but was enough for them to back down from tanking the bill. And their resistance began in the first of a handful of huddles inside Thune’s office outside the Senate floor.

Sen. Cynthia Lummis, R-Wyo., joined them for the closed-door conversations, and told Fox News Digital that while her vote was not contingent on getting the change added, she wanted to make the case for why it should be.

‘It saved a lot of money,’ she said. ‘It saved a lot of money, and so I was anxious to see us use the opportunity, since we were able to open up mandatory spending, use the opportunity to really save some money.’

And later on, in the wee hours of the night, Republicans were bouncing from Thune’s office to the Senate floor, hashing out deals as they went to get Sen. Lisa Murkowski, R-Alaska, to support the bill, knowing that Sens. Susan Collins, R-Maine, and Thom Tillis, R-N.C., could vote against it.

‘Sometimes it’s got to be put on a clock, because at some point the argument has to come to an end,’ Mullin told Fox News Digital. ‘And that’s why we had to do some of it on the floor. We had to, we had to force the hand.’

And in the end, only three Republicans, Sens. Rand Paul of Kentucky, Collins and Tillis voted against the bill. From there it went to the House, where Republicans in the lower chamber had their own dramatic rally to pass the legislative behemoth.

And now, as Republicans scatter to their home states to sell the bill to their constituents, Tillis said that the ‘foundational’ piece of information that lawmakers can share is that they averted a nationwide tax hike.

‘The shame of the Medicaid provision is that the vast majority of the bill is supported,’ he told Fox News Digital. ‘I think we have to remind them the problem with the tax bill is they’re not going to see a cut, but if we hadn’t done it, they would have seen a historic increase.’

‘So we need to remind them of what we’re doing is continuing what we started, and the economy that we created, it was able to withstand COVID,’ he continued. ‘And I firmly believe if we hadn’t passed it. We’d have been in a different posture.’

This post appeared first on FOX NEWS

A senior member of Russian President Vladimir Putin’s inner circle warned that multiple countries are mounting ‘titanic efforts’ to undermine the upcoming summit between the Russian leader and U.S. President Donald Trump.

The two leaders are scheduled to meet in Alaska on Aug. 15, though Trump’s announcement, made via a Truth Social post on Friday, offered few additional details about the summit. It is also unclear if Ukrainian President Volodymyr Zelenskyy will be invited to join the talks as the Kremlin’s unprovoked war stretches into its fourth year. 

‘Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump,’ wrote Russia’s investment envoy, Kirill Dmitriev, in a Telegram post on Saturday, referencing the Kremlin’s ongoing war in Ukraine.

While Dmitriev did not name specific countries, he warned that critics of the upcoming talks could seek to sabotage the summit through diplomatic maneuvers or media-driven provocations. Several NATO countries in Europe have been openly skeptical of any deal that rewards Russian aggression in the three-year-old war.

Dmitriev, who met with Trump administration officials in Washington in April, has been dubbed Putin’s ‘shadow foreign minister’ for his behind-the-scenes role in shaping Russia’s global diplomacy.

 As head of the Kremlin’s sovereign wealth fund and a recently appointed special envoy, he has often acted as an informal bridge between Moscow and Washington.

Meanwhile, the Kremlin said in a statement on Saturday that Trump and Putin are expected to ‘focus on discussing options for achieving a long-term peaceful resolution to the Ukrainian crisis.’

‘This will evidently be a challenging process, but we will engage in it actively and energetically,’ the statement added.

Trump has previously said that Putin and Zelenskyy were close to a ceasefire deal but suggested that Kyiv would have to concede significant territory, an outcome that Ukrainians and many European allies oppose. 

This post appeared first on FOX NEWS

Senate Republicans faced a choice recently: Remain in session and confirm more of President Trump’s nominees, or finally abandon Washington for the vaunted August recess.

Senators hung around – a little while – knocking out some of the President’s nominees for administration positions. But not all. That drew the ire of some conservatives, Trump loyalists and President Donald Trump himself.

Trump seethed at Senate Minority Leader Chuck Schumer, D-N.Y., for requiring the Senate to run lengthy parliamentary traps and incinerate valuable floor time to confirm even non-controversial nominees. The President finally unloaded on the New York Democrat in a digital coup de grace, telling him to ‘GO TO HELL!’

It’s notable that Trump has not yet met with Schumer or House Minority Leader Hakeem Jeffries, D-N.Y., during his second term. But then again, this is a two-way street. And Democrats remember multiple tumultuous meetings with Mr. Trump during the last time he was in office. It culminated in verbal grappling between the President and former House Speaker Nancy Pelosi, D-Calif, and ended with Democrats abandoning the meeting after only a few moments.

So, it’s far from certain any such meeting would yield anything remotely productive.

But back to the ‘August recess.’

First, it’s important to establish that members of the House and Senate are not on ‘summer vacation.’ Sure, there are always some breaks to visit with family and friends. Lawmakers are people, too. But truly, this is not a ‘break.’ Lawmakers are always ‘on.’ Not everything they do is centered around Washington. Any congressman or senator worth their salt will tell you that spending time back in their home states or districts is just as important – if not more so – than what goes down on Capitol Hill. Meeting with constituents. Visiting businesses. Conducting town hall meetings. Stopping by local coffee bars. Breaking bread at diners. Chatting up the local press corps. 

Members also use this longer respite for political travel and fact-finding missions overseas. These ‘CODELS’ – short for ‘Congressional Delegation’ – are a critical function for lawmakers to build bridges with foreign leaders and make their marks on how the U.S. approaches the rest of the globe. House Speaker Mike Johnson, R-La., and former House Majority Leader Steny Hoyer, D-Md., have recently led groups on trips to Israel. At least one other major trip is booked for later this month.

So, the ‘August recess’ is not inherently a ‘bad’ thing. It’s an essential part of the job and probably one of the biggest misnomers in American politics. 

Still, many Americans simply dismiss August as a ‘vacation’ for House members and senators, and it is a challenging optic for Congress.

Which brings us back to the tension between staying in session to get ‘something’ done and returning home.

It’s clear the Senate could have stayed in session to plow through more of President Trump’s nominees. Schumer and other Democrats simply weren’t going to relent and allow Republicans to confirm a slate of nominees ‘en bloc.’ That’s where the Senate greenlights a large slate of nominees all at once and approves them either by unanimous consent or via voice vote. The Senate confirms the nominees all at once. The House certainly could have stayed in session to hammer out a few spending bills ahead of the deadline to fund the government by October 1.

But here’s a stark reality – especially for the Senate:

Lawmakers and staff desperately needed a break.

Period. Full stop.

Since May, the Senate in particular has conducted multiple overnight, round-the-clock and weekend sessions. Not just a few. The Senate voted deep into the night or overnight on the Big, Beautiful Bill. Then the Senate was back for late-night sessions confirming nominees. 

Yes. This is the people’s business. But the floor staff and support teams were exhausted. Senate leaders were mindful of that. And that’s to say nothing of the lawmakers themselves.

It’s anecdotal, but lawmakers probably needed a break from one another, too. That makes them happier – and probably more productive when they return to Washington. 

But this still doesn’t solve the political dilemma facing Republican senators with a substantial core of their party demanding they remain moored in Washington to grind out nominees.

And it may not satisfy President Trump, either.

There’s lots of Senate talk now about ‘changing the rules’ to accelerate the confirmation of nominees. 

One thing is for sure: the Senate won’t change the ‘rules’ to expedite the confirmation process. The Senate boasts 44 standing rules. It takes 67 votes to break a filibuster on an actual rules change. But what Senate Majority Leader John Thune, R-S.D., could do is back the Senate into a special parliamentary posture where he can initiate a new ‘precedent’ to confirm different types of nominees. That’s a maneuver that late Senate Majority Leader Harry Reid, D-Nev., executed to confirm some of former President Obama’s nominees. The same with former Senate Majority Leader Mitch McConnell, R-Ky., to confirm Supreme Court nominees.

‘New precedents’ in the Senate require some complicated parliamentary wrangling. But only a simple majority is necessary to make good on this gambit for nominees. So, it’s easier and much more plausible than ‘changing the rules.’

To the lay person, a new ‘precedent’ doesn’t sound important. But there’s a reason why the Senate only has 44 standing rules and a voluminous book of precedents. You can accomplish a lot in the Senate if you’re able to concoct a new precedent.

And note that it’s not just Republicans who want to change the way the Senate does things for some lower-tier, non-controversial nominees. Some Senate Democrats have expressed interest in changes, too.

There are only so many minutes and so many hours. Time is just as valuable to Democrats as it is to Republicans.

Everyone on Capitol Hill knows that more long nights and overnight sessions await lawmakers in September and the fall as the Senate attempts to confirm additional nominees.

That’s to say nothing of avoiding a government shutdown in October.

This is why Senate Republicans elected to stick around for a bit recently – and then call it a day. Or a month.

After all, there is only so much time available in August.

This post appeared first on FOX NEWS

Ukrainian President Volodymyr Zelenskyy on Sunday thanked European leaders for backing his push to join this week’s U.S.–Russia summit, as Kyiv fears Washington and Moscow could strike a deal to end the war but in a way that undermines Ukraine’s sovereignty.

‘The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people today for the sake of peace in Ukraine, which is defending the vital security interests of our European nations,’ Zelenskyy said.

The leaders of Britain, France, Germany, Italy, Poland, Finland and the European Commission said in a joint statement that any diplomatic solution brokered between President Donald Trump and Russian President Vladimir Putin must protect the security interests of Ukraine and Europe.

‘The U.S. has the power to force Russia to negotiate seriously,’ EU foreign policy chief Kaja Kallas told Reuters on Sunday. ‘Any deal between the U.S. and Russia must have Ukraine and the EU included, for it is a matter of Ukraine’s and the whole of Europe’s security,’ she added.

NATO Secretary General Mark Rutte said the upcoming summit ‘will be about testing Putin’ and will serve as a measure of how serious the Russian leader is about ‘bringing this terrible war to an end.’

Both the White House and the Kremlin have acknowledged Zelenskyy’s request to join the talks, though no formal invitation has been issued. Trump and Putin are scheduled to meet in Alaska on Aug. 15. If Zelenskyy were to take part, the meeting would mark the first between Putin and Zelenskyy since the start of Moscow’s war.

The meeting, which Trump announced in a Truth Social post on Friday, comes on the heels of Washington’s threats to impose steep tariffs on the Kremlin and its allies.

Trump has previously singled out countries like India and China—top buyers of discounted Russian crude — for undermining G7 price caps and weakening the impact of Western sanctions.

In response, bipartisan lawmakers introduced the Sanctioning Russia Act, which would impose a 500% tariff targeting the core of Russia’s economy — its oil and gas exports — if Moscow continues to resist peace efforts or escalates the conflict.

Meanwhile, a senior member of Putin’s inner circle warned that multiple countries are mounting ‘titanic efforts’ to undermine the upcoming summit between the Russian leader and Trump.

‘Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump,’ wrote Russia’s investment envoy, Kirill Dmitriev, in a Telegram post on Saturday, referencing the Kremlin’s ongoing war in Ukraine.

While Dmitriev did not name specific countries, he warned that critics of the upcoming talks could seek to sabotage the summit through diplomatic maneuvers or disinformation through the media.

This post appeared first on FOX NEWS

President Donald Trump will use the upcoming summit with Russian President Vladimir Putin to test how serious Putin is about ending the war with Ukraine, NATO Secretary General Mark Rutte said Sunday.

Rutte told ABC’s ‘This Week’ that the meeting comes as Trump continues to put pressure on Putin, noting the recent secondary sanctions on countries like India, which purchased Russian oil, and delivering lethal weapons to Ukraine.

‘Next Friday will be important because it will be about testing Putin, how serious he is on bringing this terrible war to an end,’ Rutte said.

Trump announced the first in-person meeting with Putin since Moscow launched its deadly invasion of Ukraine in 2022 in a Truth Social post on Saturday. The leaders are expected to meet in Alaska on Friday, Aug. 15.

In recent weeks, Trump has refused to mince words when asked about Putin. Trump said during a Cabinet meeting July 8 he was fed up with Putin and said he was eyeing potentially imposing new sanctions on Russia. 

The NATO chief called the upcoming meeting ‘an important step’ in the process of reaching full-scale peace negotiations between Russia and Ukraine.

Ukrainian President Volodymyr Zelenskyy, however, wasn’t expected to be at the summit with Trump and Putin as of Sunday. Despite Zelenskyy’s absence, Rutte said ‘we need Ukraine at the table.’

‘It will be about territory,’ Rutte said of the upcoming meeting. ‘It will, of course, be about security guarantees, but also about the absolute need to acknowledge that Ukraine decides on its own future, that Ukraine has to be a sovereign nation deciding on its geopolitical future, of course having no limitations to its own military troop levels, and for NATO to have no limitations on our presence on the eastern flank in countries like Latvia, Estonia and Finland.’

U.S. Ambassador to NATO Matthew Whitaker told CNN on Sunday that no decision had been made at this point about whether Zelenskyy would be invited to the meeting.

‘If [Trump] thinks that that is the best scenario to invite Zelenskyy, then he’ll do that,’ Whitaker said, adding that ‘there’s time to make that decision.’

When asked about whether Putin can be trusted, Whitaker said that in any situation of competing national interests it will be actions, not words, that decide whether peace is achieved and preserved.

‘Words are cheap, but in this case, whether it’s the Russians or the Ukrainians, both sides are going to have to take the actions to have peace and to continue to honor that peace,’ he said.

Fox News Digital’s Diana Stancy contributed to this report.

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President Donald Trump recently spoke to the South Carolina Republican Party’s Silver Elephant Gala through a phone that Sen. Lindsey Graham held up to a microphone.

Trump, who endorsed Graham for re-election earlier this year, continued expressing his support for the senator while speaking on the phone.

Trump said the senator has his ‘full endorsement,’ calling him a ‘great guy,’ saying that Graham has always been there for him when he needed him and he ‘won’t forget it.’

‘Thank you for your surprise call, Mr. President!’ Graham said in a post on X that also featured footage of Trump’s remarks about him. 

‘With your support, I’ll keep delivering the America First agenda to the great people of South Carolina. I’m glad to have been part of the most awesome six months in modern history led by President @realDonaldTrump.’

Graham, who has served in the Senate since 2003, is facing Republican primary challengers.

Paul Dans, the former director of the 2025 Presidential Transition Project at the Heritage Foundation and who is one of Graham’s challengers, attended the event where Trump spoke by phone.

‘Lindsey Graham’s terrified—his Senate seat’s at risk against me, his toughest challenger yet. After 32 years of broken term-limit promises, he’s done. Clinging to President Trump won’t save him from SC’s America First Patriots who see his grift. #LindseyPanic #PrezTrumpPlsHelpMe,’ Dans wrote in a post on X.

Graham will be up for re-election in 2026.

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