Trump Won’t Fire Powell, Tesla Holds All Bitcoin in 2025
XRP Library Backdoor Triggers Urgent Update, Tesla Holds Bitcoin Despite Dip, Trump Addresses Fed Policy, Trump Media Plans Crypto ETFs.
Because Bitcoin
April 22, 2025
Critical Backdoor Found in Popular XRP JavaScript Library, Prompting Urgent Security Update
A major vulnerability was discovered in the xrpl.js JavaScript library, used to interact with the XRP Ledger, potentially enabling a catastrophic supply chain attack. Security researcher Charlie Eriksen from Aikido Security identified the issue in versions 4.2.1–4.2.4 and 2.14.2, where a backdoor could expose private keys and wallet access. Although the XRP Ledger itself is unaffected, developers using the impacted library are urged to update to version 4.2.5 immediately. The vulnerability, limited to packages on Node Package Manager (NPM), could have affected hundreds of thousands of applications. The XRP Ledger Foundation has issued patches and will release a full post-mortem soon.
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Tesla Still Holds Over 11,500 Bitcoin Despite Q1 Price Dip, Now Valued at $951 Million
Tesla continues to hold 11,509 bitcoin, valued at $951 million as of March 31, according to its latest earnings report—down from $1.076 billion at the end of 2024 due to a drop in bitcoin’s price. Despite the value decline, no transactions were made during the quarter. New FASB rules now require companies to mark crypto holdings to market quarterly. Tesla also reported $19.34 billion in Q1 revenue, missing analysts’ expectations of $21.37 billion.
Trump Says He Won’t Fire Fed Chair Powell Despite Harsh Criticism and Push for Rate Cuts
President Trump stated he has “no intention of firing” Federal Reserve Chair Jerome Powell, despite calling him a “major loser” and pushing for faster interest rate cuts. Trump dismissed speculation about Powell’s removal, though he reiterated his belief that the Fed should lower rates amid easing inflation. Legal precedent suggests Powell can only be removed “for cause,” but Trump’s administration may challenge that standard. The ongoing feud has raised concerns about the Fed’s independence, with market reactions and warnings from economists highlighting the broader implications of political interference in monetary policy.
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Trump Media to Launch Pro-America and Digital Asset ETFs in Partnership With Crypto.com and Yorkville
Trump Media & Technology Group (TMTG), operator of Truth Social and Truth.Fi, has signed a binding agreement with Crypto.com and Yorkville America Digital to launch a series of exchange-traded funds (ETFs) and products focused on U.S.-based industries and digital assets. The ETFs, to be distributed globally through Crypto.com’s broker-dealer Foris Capital US, are expected to debut later this year, pending regulatory approval. The deal marks TMTG’s expansion into financial services, with up to $250 million in planned investments held by Charles Schwab. Truth.Fi will also introduce Separately Managed Accounts (SMAs) alongside the ETF launch.
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