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Business
Bitcoin hits $90K as Trump plans U.S. crypto reserve

MxM News
Quick Hit:
Bitcoin has surged past $90,000 following reports that 47th President Donald Trump is set to unveil a U.S. strategic bitcoin reserve during the White House crypto summit on Friday. The move signals a major shift in U.S. crypto policy, with Trump’s Commerce Secretary Howard Lutnick confirming that bitcoin will receive a “unique status” under the administration’s plans. The announcement has triggered a wave of buying, pushing the total crypto market back above $3 trillion.
Key Details:
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Bitcoin rebounded sharply to $90,000 after a tumultuous week, climbing around 10% in 24 hours.
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Howard Lutnick confirmed that Trump will announce a U.S. strategic bitcoin reserve at Friday’s White House crypto summit.
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Trump stated on Truth Social that the reserve will include bitcoin, ethereum, XRP, solana, and cardano.
Diving Deeper:
Bitcoin’s price rally comes after a volatile week sparked by President Trump’s ongoing involvement in the crypto space. Following reports from The Pavlovic Today, Commerce Secretary Howard Lutnick confirmed Trump’s intention to establish a U.S. strategic bitcoin reserve. This marks a stark contrast to the Biden administration’s approach, which subjected the industry to regulatory hostility.
The White House crypto summit, scheduled for Friday, will bring together key industry leaders and the president’s working group on digital assets to outline a regulatory framework and strategy for the reserve. According to Lutnick, bitcoin will receive a “unique status,” potentially elevating its role in U.S. financial policy.
Trump’s move has been met with enthusiasm from major crypto investors, with former Coindesk editor-in-chief Pete Rizzo calling it “massive.” The announcement also sparked renewed market optimism after recent setbacks, including the largest-ever hack of the Bybit exchange and a crash in the meme coin sector.
However, some bitcoin purists expressed frustration after Trump’s Truth Social post indicated that smaller cryptocurrencies—XRP, solana, and cardano—would be included in the reserve alongside bitcoin and ethereum.
Despite the controversy, the impact on the market has been undeniable. The crypto sector has struggled under years of aggressive enforcement actions and regulatory uncertainty under Biden, but Trump’s embrace of digital assets appears to be shifting sentiment. With the first White House crypto summit on the horizon, industry players are eagerly awaiting concrete details on how the strategic reserve will be structured—and whether it will solidify the U.S. as a global leader in crypto adoption.
Business
Disney cancels series four years into development, as it moves away from DEI agenda

MxM News
Quick Hit:
Disney’s decision to cancel its planned ‘Tiana’ streaming series follows the entertainment giant’s move away from diversity, equity, and inclusion (DEI) policies. The company, once deeply committed to political activism, is now struggling to recover from years of financially disastrous content choices.
Key Details:
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Disney announced the end of DEI-based management decisions and the winding down of its “Reimagining Tomorrow” initiative earlier this year.
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The Hollywood Reporter revealed that the cancellation of ‘Tiana’ was part of Disney’s broader retreat from “original longform content for streaming.”
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Analyst Ian Miller notes that Disney’s prior focus on political messaging rather than quality content led to repeated box office failures.
Diving Deeper:
Disney has spent the past several years prioritizing political activism over storytelling, leading to a sharp decline in the company’s financial performance and audience engagement. According to Ian Miller of OutKick, “Disney assumed that any content that represented ‘diverse’ audiences or featured ‘diverse’ characters would be successful.” That assumption, he argues, proved costly.
The decision to cancel ‘Tiana’ comes at a time when Disney is reeling from multiple box office disappointments, including the expected failure of ‘Snow White’ and the ongoing struggles of both Marvel and Lucasfilm properties. Miller highlights the alarming trend, stating, “Marvel’s ‘Captain America: Brave New World’ may actually lose money, with a disastrous $342 million worldwide gross through the first three and a half weeks.”
The ‘Tiana’ series was first announced in December 2020, a time when Disney was fully embracing its progressive agenda. The Hollywood Reporter noted that the show struggled to find its creative direction despite being in development for over four years. Miller suggests that, in the past, Disney would have continued with such a project regardless of its quality, out of fear of backlash from the left. “Under its prior operating mandate, Disney would have pushed forward anyway, believing that canceling a show based on a black character would be unacceptable to left-wing critics,” Miller writes.
However, the company’s recent shift suggests an overdue recognition that audiences ultimately demand quality over ideology. As Miller points out, “Parents want to take their kids to the movies, or give them family-friendly content to watch at home when they need a distraction. For decades, that meant Disney. Until the company prioritized targeting demographics instead of quality.”
While Disney appears to be learning from its missteps, the road to recovery will be long. As Miller emphasizes, the key to regaining audience trust isn’t to abandon diverse characters but to “get it right instead of doing it to check a box.”
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