China’s top diplomat accused Donald Trump of taking a hypocritical approach to bilateral ties and denounced tariffs, as tensions rise between the world’s largest economies. Foreign Minister Wang Yi defended his nation’s actions on stemming the flow of fentanyl to the US on Friday at a high-profile briefing, and accused the Republican leader of using the issue as a pretext to pressure his government. A simmering tension in the crypto industry resurfaced after Trump signed a long-awaited order creating a strategic Bitcoin reserve. Even as crypto executives issued effusive social media posts praising the move, Bitcoin fell as much as 5.7%.

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