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In a letter to shareholders, the chairman of the world’s largest asset manager warned about the soaring U.S. debt and the possible competition that bitcoin poses to the U.S. Dollar.

The US Dollar could risk losing its status as the world’s reserve currency to Bitcoin if the U.S. doesn't control its debt and deficits, said BlackRock CEO Larry Fink.

The move contrasts with developments in other countries, such as the U.S. and U.K., where some pension funds have begun to experiment with crypto exposure.

U.S. crude oil production fell by 305,000 barrels per day to 13.15 million bpd in January, the lowest level since February 2024, data from the U.S. Energy Information Administration showed on Monday. That was the biggest decline in monthly U.S. oil output since January 2024, the data showed. The EIA also lowered its estimate of record U.S. oil production in December by about 40,000 bpd to 13.45 million bpd.

Ever since its creation in 2009, Bitcoin has been the king of the cryptocurrency world. It now possesses a market cap of $1.67 trillion, comprising 59% of the entire cryptocurrency market all by...

President Donald Trump’s sons Donald Jr. and Eric have partnered with Hut 8 to launch a Bitcoin mining firm.

Eric Trump and Donald Trump Jr. will partner with Hut 8 to create a new Bitcoin mining and reserve business.