Morning Minute: Trump’s New Science Council Is a Who’s Who of AI and Crypto

Summary

President Trump announced the President’s Council of Advisors on Science and Technology (PCAST) with major tech leaders, including Jensen Huang, Mark Zuckerberg, Sergey Brin, Larry Ellison, Lisa Su, Michael Dell, Safra Catz, Coinbase co-founder Fred Ehrsam, and a16z’s Marc Andreessen. The council aims to keep the US competitive in AI and emerging technologies. Circle stock rebounded after a sharp decline, with analysts distinguishing between stablecoin issuers and distributors regarding regulatory yield restrictions. Ark Invest purchased $16.3M in Circle shares post-dip. Whop, an e-commerce platform for creators, launched Whop Treasury, allowing users to earn up to 6% APY on idle balances seamlessly via DeFi protocols (Aave, Plasma, Tether), making DeFi accessible to its 21 million users without technical barriers. Google published a timeline to transition to post-quantum cryptography by 2029, introducing a quantum-resistant algorithm in Android 17, with similar commitments from IBM. Bitcoin’s quantum risk is acknowledged, with new quantum-resistant address formats adopted, but significant migration challenges remain. Spot Bitcoin ETFs saw $2.5 billion in inflows over the past month, reversing year-to-date outflows, demonstrating investor resilience through market volatility.