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Wormhole opens Global Ecosystem Hub in New York Wormhole $W, an interoperability platform connecting traditional finance with the internet economy, announced on X the opening of its Global Ecosystem Hub in New York City. The hub will serve as a central space for collaboration

President Donald Trump plans to have Big Tech corporations use coal to power their data centres. In April, he issued an executive order asking his cabinet to identify coal-powered infrastructure that could support AI data centres and assess whether they can meet the energy demands of tech firms. Earlier in January, he also explained to the World Economic Forum that he would greenlight power plants for AI under an emergency order and encourage tech companies to use coal as a secondary energy source. According to the Energy Information Administration, coal emits more carbon dioxide per kilowatt hour than any other energy source. Thus, the tech industry has been investing more in renewable energy to maintain sustainability goals and reduce emissions. Nevertheless, tech companies’ new preference for renewable sources cost the coal industry greatly, with a number of coal plants already abandoned in the United States. In 2023, roughly 16% of electricity came from burning coal, down from 51% in 2001. However, Trump’s push for expansive coal use could change the downturn in statistics and prove productive for coal miners. Peabody Energy CEO James Grech, who attended Trump’s executive order ceremony at the White House, believes that coal plants can meet the nation’s electricity demands, including data centres’ energy needs. He argued that coal plants only supply about 42% of their maximum capacity at the moment and should augment the amount of power produced. Grech added, “We believe that all coal-powered generators need to defer US coal plant retirements as the situation on the ground has clearly changed. We believe generators should un-retire coal plants that have recently been mothballed.” Some in the tech industry have also recognised the need for fossil fuel to meet their AI power demands. However, some are leaning more towards natural gas than coal. Natural gas produces less than half the carbon dioxide of coal per kilowatt hour of power. Kevin Miller, Amazon’s vice president of global data centres, even claimed to get the energy they need, they’ll need to rely on thermal generation in the short term. At the Oklahoma City Conference, top executives from Amazon, Nvidia and Anthropic could not answer directly when asked whether they would use coal for electricity generation. Miller even argued that the use of coal would depend on the combination of power available and the possible alternatives. President Trump and the United Arab Emirates have agreed to build a massive data centre in Abu Dhabi, which has about 5GW capacity and is the largest data center outside the US. The two countries want the centre to serve as a regional platform for US hyperscalers. According to the Commerce Department, the data centre will provide low latency services to almost 50% of the global population residing within 2,000 miles of the UAE. Trump has also signed several AI-related deals with Gulf countries . However, some US lawmakers were not too pleased with his decisions. For instance, Senate Democratic Leader Chuck Schumer of New York criticized the president for backing deals that would transfer advanced US chip technology to Saudi Arabia and the UAE, accusing him of trading sensitive technology for unclear foreign investment pledges. KEY Difference Wire helps crypto brands break through and dominate headlines fast

A masked gang tried to abduct the daughter and young grandson of a crypto company executive in Paris, but the attackers fled empty-handed after a violent struggle. This incident is part of a trend of violent cases targeting individuals connected to the crypto industry in France. According to a BBC report , the attack happened around 8:20 a.m. in the city’s 11th district and was captured on video by an onlooker. Local media revealed that the woman and her husband were getting out of their car with their child when three men jumped out of a white van and tried to pull them away. The couple fought back, which resulted in the husband being hit several times on the head while trying to protect his family. Meanwhile, the wife managed to grab a gun from one of the culprits and threw it into the street. Police later confirmed the weapon was a replica air gun. Despite the busy street and children on their way to school nearby, passers-by hesitated to intervene at first. However, as more people began to react, the attackers abandoned the attempt and ran back to the van, where a fourth person was waiting inside. As the culprits drove away, one witness threw a fire extinguisher at the vehicle. Following the incident, the family was taken to a hospital and treated for minor injuries. Police sources confirmed that the woman is the daughter of a crypto company boss. AFP said the victims are relatives of the co-founder of French Bitcoin exchange Paymium. The Paris police unit that handles armed robbery is now investigating the incident. This development follows a similar case just over a week earlier, where the father of a crypto millionaire was kidnapped in another part of Paris while walking his dog. In this instance, the abductee was held for ransom. After being in captivity for three days, he was released with one of his fingers cut off. Several people have been arrested in connection with the case. Another high-profile incident happened in January when David Balland, co-founder of crypto wallet firm Ledger, and his wife were taken at their home in central France, with the culprits demanding a 10 million euro ransom for their release. While they were later rescued, Balland was also found missing a finger. Around the same time, rumors spread about another abduction involving Ledger’s other co-founder, Eric Larchevêque. However, these claims were later denied by French media. Authorities have not confirmed whether the incidents are connected, but all victims involved had some link to crypto.

Michael Saylor, Executive Chairman of Strategy, recently addressed whether buying Bitcoin today still presents long-term value. Using historical and economic analogies, he compared the cryptocurrency’s growth to major financial hubs like New York City, drawing parallels to how smart capital consolidates around dominant networks. His argument centers on Bitcoin’s evolving position as the central economic infrastructure of cyberspace. Saylor explained that throughout history, economic empires have consolidated around specific cities, Carthage, Rome, Venice, London, and New York, each serving as central hubs for financial and trade activities. In the digital age, he claimed that Bitcoin holds a similar position in cyberspace. According to Saylor, Bitcoin is becoming the main network for digital applications and money transfers across global jurisdictions, including Singapore, Paris, and China. He emphasized that the value of Bitcoin lies not in its price, but in the strength of the network it supports. With a fixed supply of 21 million coins and a structure backed by over 400 exahashes of computational power, Bitcoin is now considered the most secure and resilient computer network. Related: Bitcoin Price Surge Drives Solana Memecoin Deployments Saylor then noted that approximately $950 trillion in global assets, including real estate, bonds, equities, and gold, carry a large monetary premium. He argued that much of this capital is stored in inefficient assets that store value. Gold, for instance, has underperformed relative to Bitcoin over the past two years. From his view, as investors recognize this underperformance, a shift away from these traditional assets may accelerate Bitcoin adoption. Citing historical trends, he observed that investment in New York real estate would have been valuable even a century after the city’s economic rise. Applying that same logic, he suggested that Bitcoin remains a viable long-term acquisition, even for new participants entering the market today. Saylor also compared Bitcoin to physical real estate, arguing that just as investors prefer premium property in major cities, Bitcoin represents digital real estate in the most established and secure part of cyberspace. Related: A heated debate is underway in crypto: Is Bitcoin destined to remain king, or will altcoins prevail? In this context, he likened most speculative altcoins to penny stocks—appealing perhaps for their low cost but, in his assessment, lacking in long-term value and fundamental network integrity when compared to Bitcoin. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Panama City Mayor Hints at Building Bitcoin Reserve Mizrachi posted the "Bitcoin Reserve" information on the social platform X after meeting with Max Keiser, a Bitcoin consultant in El Salvador, and Stacy Herbert, head of the Bitcoin Office. It is reported that the three discussed how Panama and El Salvador can use renewable energy to promote the development of Bitcoin mining. In addition, Panama City will also include El Salvador's "What is Money?" financial literacy textbook into its online library system. (Cointelegraph)