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PHOTO COLLECTION: AP Top Photos of the Day, Tuesday, September 10, 2024

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PHOTO COLLECTION: AP Top Photos of the Day, Tuesday, September 10, 2024
News

News

PHOTO COLLECTION: AP Top Photos of the Day, Tuesday, September 10, 2024

2024-09-11 03:49 Last Updated At:03:50

This is a collection of photos chosen by AP photo editors.

The Pinheiros River is green in Sao Paulo, Brazil, Tuesday, Sept. 10, 2024. The state's environmental authority attributes the river's new green hue to an algae bloom, the result of a severe drought that has significantly lowered water levels. (AP Photo/Andre Penner)

The Pinheiros River is green in Sao Paulo, Brazil, Tuesday, Sept. 10, 2024. The state's environmental authority attributes the river's new green hue to an algae bloom, the result of a severe drought that has significantly lowered water levels. (AP Photo/Andre Penner)

U.S. Marines prepare to open the doors for President Joe Biden and North Wales, Pa. Mayor Neil McDevitt on the South Lawn of the White House in Washington, Monday, Sept. 9, 2024, for an event to celebrate the Americans with Disabilities Act (ADA) and to mark Disability Pride Month.(AP Photo/Jose Luis Magana)

U.S. Marines prepare to open the doors for President Joe Biden and North Wales, Pa. Mayor Neil McDevitt on the South Lawn of the White House in Washington, Monday, Sept. 9, 2024, for an event to celebrate the Americans with Disabilities Act (ADA) and to mark Disability Pride Month.(AP Photo/Jose Luis Magana)

Mourners depart following the funeral for Columbus Blue Jackets hockey player John Gaudreau and his brother Matthew Gaudreau at St. Mary Magdalen Catholic Church in Media, Pa., Monday, Sept. 9, 2024. (AP Photo/Matt Rourke)

Mourners depart following the funeral for Columbus Blue Jackets hockey player John Gaudreau and his brother Matthew Gaudreau at St. Mary Magdalen Catholic Church in Media, Pa., Monday, Sept. 9, 2024. (AP Photo/Matt Rourke)

Firefighters monitor the advancing Line Fire in Angelus Oaks, Calif., Monday, Sept. 9, 2024. (AP Photo/Eric Thayer)

Firefighters monitor the advancing Line Fire in Angelus Oaks, Calif., Monday, Sept. 9, 2024. (AP Photo/Eric Thayer)

Palestinians look at the destruction after an Israeli airstrike on a crowded tent camp housing Palestinians displaced by the war in Muwasi, Gaza Strip, Tuesday, Sept. 10, 2024. An Israeli strike killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said. Israel said it targeted "significant" Hamas militants, allegations denied by the militant group. (AP Photo/Abdel Kareem Hana)

Palestinians look at the destruction after an Israeli airstrike on a crowded tent camp housing Palestinians displaced by the war in Muwasi, Gaza Strip, Tuesday, Sept. 10, 2024. An Israeli strike killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said. Israel said it targeted "significant" Hamas militants, allegations denied by the militant group. (AP Photo/Abdel Kareem Hana)

Apple CEO Tim Cook smiles with attendees after announcing new products at Apple headquarters Monday, Sept. 9, 2024, in Cupertino, Calif. (AP Photo/Juliana Yamada)

Apple CEO Tim Cook smiles with attendees after announcing new products at Apple headquarters Monday, Sept. 9, 2024, in Cupertino, Calif. (AP Photo/Juliana Yamada)

A polar bear walks along rocks, Tuesday, Aug. 6, 2024, near Churchill, Manitoba. (AP Photo/Joshua A. Bickel)

A polar bear walks along rocks, Tuesday, Aug. 6, 2024, near Churchill, Manitoba. (AP Photo/Joshua A. Bickel)

East Timorese crowd Tacitolu park for Pope Francis' Mass in Dili, East Timor, Tuesday, Sept. 10, 2024. (AP Photo/Firdia Lisnawati)

East Timorese crowd Tacitolu park for Pope Francis' Mass in Dili, East Timor, Tuesday, Sept. 10, 2024. (AP Photo/Firdia Lisnawati)

An artist works on an idol of the elephant-headed Hindu god Ganesha inside a workshop ahead of Ganesh Chaturthi festival in Mumbai, India, Wednesday, Sept. 4, 2024. (AP Photo/Rafiq Maqbool)

An artist works on an idol of the elephant-headed Hindu god Ganesha inside a workshop ahead of Ganesh Chaturthi festival in Mumbai, India, Wednesday, Sept. 4, 2024. (AP Photo/Rafiq Maqbool)

CORRECTS THE CITY - The sun sets over Serra da Mesa lake as nearby fires spread through the environmental protection area of Pouso Alto, in Chapada dos Veadeiros National Park, during dry season, in Colinas do Sul, Goias state, Brazil, Monday, Sept. 9, 2024. (AP Photo/Eraldo Peres)

CORRECTS THE CITY - The sun sets over Serra da Mesa lake as nearby fires spread through the environmental protection area of Pouso Alto, in Chapada dos Veadeiros National Park, during dry season, in Colinas do Sul, Goias state, Brazil, Monday, Sept. 9, 2024. (AP Photo/Eraldo Peres)

People walk through floodwaters following a dam collapse in Maiduguri, Nigeria, Tuesday Sept 10, 2024. (AP Photos/ Joshua Olatunji)

People walk through floodwaters following a dam collapse in Maiduguri, Nigeria, Tuesday Sept 10, 2024. (AP Photos/ Joshua Olatunji)

Zoe Saldana arrives on the red carpet for the premiere of 'Emilia Perez' at the Princess of Wales Theatre during the Toronto International Film Festival, in Toronto, on Monday, Sept. 9, 2024. (Cole Burston/The Canadian Press via AP)

Zoe Saldana arrives on the red carpet for the premiere of 'Emilia Perez' at the Princess of Wales Theatre during the Toronto International Film Festival, in Toronto, on Monday, Sept. 9, 2024. (Cole Burston/The Canadian Press via AP)

A retired member of the Lebanese security flashes victory sign next of tires that set on fire to block a road leading to the government palace, during a protest demanding an increase in their monthly retirement pay, decimated in the economic meltdown, in Beirut, Lebanon, Tuesday, Sept. 10, 2024. (AP Photo/Bilal Hussein)

A retired member of the Lebanese security flashes victory sign next of tires that set on fire to block a road leading to the government palace, during a protest demanding an increase in their monthly retirement pay, decimated in the economic meltdown, in Beirut, Lebanon, Tuesday, Sept. 10, 2024. (AP Photo/Bilal Hussein)

Pope Francis waves out of the car on the day of the Holy Mass at the Esplanade of Taci Tolu during his apostolic trip to Asia, in Dili, East Timor, Tuesday, Sept. 10, 2024. (Willy Kurniawan/Pool Photo via AP)

Pope Francis waves out of the car on the day of the Holy Mass at the Esplanade of Taci Tolu during his apostolic trip to Asia, in Dili, East Timor, Tuesday, Sept. 10, 2024. (Willy Kurniawan/Pool Photo via AP)

More Images
The Pinheiros River is green in Sao Paulo, Brazil, Tuesday, Sept. 10, 2024. The state's environmental authority attributes the river's new green hue to an algae bloom, the result of a severe drought that has significantly lowered water levels. (AP Photo/Andre Penner)

The Pinheiros River is green in Sao Paulo, Brazil, Tuesday, Sept. 10, 2024. The state's environmental authority attributes the river's new green hue to an algae bloom, the result of a severe drought that has significantly lowered water levels. (AP Photo/Andre Penner)

U.S. Marines prepare to open the doors for President Joe Biden and North Wales, Pa. Mayor Neil McDevitt on the South Lawn of the White House in Washington, Monday, Sept. 9, 2024, for an event to celebrate the Americans with Disabilities Act (ADA) and to mark Disability Pride Month.(AP Photo/Jose Luis Magana)

U.S. Marines prepare to open the doors for President Joe Biden and North Wales, Pa. Mayor Neil McDevitt on the South Lawn of the White House in Washington, Monday, Sept. 9, 2024, for an event to celebrate the Americans with Disabilities Act (ADA) and to mark Disability Pride Month.(AP Photo/Jose Luis Magana)

Mourners depart following the funeral for Columbus Blue Jackets hockey player John Gaudreau and his brother Matthew Gaudreau at St. Mary Magdalen Catholic Church in Media, Pa., Monday, Sept. 9, 2024. (AP Photo/Matt Rourke)

Mourners depart following the funeral for Columbus Blue Jackets hockey player John Gaudreau and his brother Matthew Gaudreau at St. Mary Magdalen Catholic Church in Media, Pa., Monday, Sept. 9, 2024. (AP Photo/Matt Rourke)

Firefighters monitor the advancing Line Fire in Angelus Oaks, Calif., Monday, Sept. 9, 2024. (AP Photo/Eric Thayer)

Firefighters monitor the advancing Line Fire in Angelus Oaks, Calif., Monday, Sept. 9, 2024. (AP Photo/Eric Thayer)

Palestinians look at the destruction after an Israeli airstrike on a crowded tent camp housing Palestinians displaced by the war in Muwasi, Gaza Strip, Tuesday, Sept. 10, 2024. An Israeli strike killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said. Israel said it targeted "significant" Hamas militants, allegations denied by the militant group. (AP Photo/Abdel Kareem Hana)

Palestinians look at the destruction after an Israeli airstrike on a crowded tent camp housing Palestinians displaced by the war in Muwasi, Gaza Strip, Tuesday, Sept. 10, 2024. An Israeli strike killed at least 40 people and wounded 60 others early Tuesday, Palestinian officials said. Israel said it targeted "significant" Hamas militants, allegations denied by the militant group. (AP Photo/Abdel Kareem Hana)

Apple CEO Tim Cook smiles with attendees after announcing new products at Apple headquarters Monday, Sept. 9, 2024, in Cupertino, Calif. (AP Photo/Juliana Yamada)

Apple CEO Tim Cook smiles with attendees after announcing new products at Apple headquarters Monday, Sept. 9, 2024, in Cupertino, Calif. (AP Photo/Juliana Yamada)

A polar bear walks along rocks, Tuesday, Aug. 6, 2024, near Churchill, Manitoba. (AP Photo/Joshua A. Bickel)

A polar bear walks along rocks, Tuesday, Aug. 6, 2024, near Churchill, Manitoba. (AP Photo/Joshua A. Bickel)

East Timorese crowd Tacitolu park for Pope Francis' Mass in Dili, East Timor, Tuesday, Sept. 10, 2024. (AP Photo/Firdia Lisnawati)

East Timorese crowd Tacitolu park for Pope Francis' Mass in Dili, East Timor, Tuesday, Sept. 10, 2024. (AP Photo/Firdia Lisnawati)

An artist works on an idol of the elephant-headed Hindu god Ganesha inside a workshop ahead of Ganesh Chaturthi festival in Mumbai, India, Wednesday, Sept. 4, 2024. (AP Photo/Rafiq Maqbool)

An artist works on an idol of the elephant-headed Hindu god Ganesha inside a workshop ahead of Ganesh Chaturthi festival in Mumbai, India, Wednesday, Sept. 4, 2024. (AP Photo/Rafiq Maqbool)

CORRECTS THE CITY - The sun sets over Serra da Mesa lake as nearby fires spread through the environmental protection area of Pouso Alto, in Chapada dos Veadeiros National Park, during dry season, in Colinas do Sul, Goias state, Brazil, Monday, Sept. 9, 2024. (AP Photo/Eraldo Peres)

CORRECTS THE CITY - The sun sets over Serra da Mesa lake as nearby fires spread through the environmental protection area of Pouso Alto, in Chapada dos Veadeiros National Park, during dry season, in Colinas do Sul, Goias state, Brazil, Monday, Sept. 9, 2024. (AP Photo/Eraldo Peres)

People walk through floodwaters following a dam collapse in Maiduguri, Nigeria, Tuesday Sept 10, 2024. (AP Photos/ Joshua Olatunji)

People walk through floodwaters following a dam collapse in Maiduguri, Nigeria, Tuesday Sept 10, 2024. (AP Photos/ Joshua Olatunji)

Zoe Saldana arrives on the red carpet for the premiere of 'Emilia Perez' at the Princess of Wales Theatre during the Toronto International Film Festival, in Toronto, on Monday, Sept. 9, 2024. (Cole Burston/The Canadian Press via AP)

Zoe Saldana arrives on the red carpet for the premiere of 'Emilia Perez' at the Princess of Wales Theatre during the Toronto International Film Festival, in Toronto, on Monday, Sept. 9, 2024. (Cole Burston/The Canadian Press via AP)

A retired member of the Lebanese security flashes victory sign next of tires that set on fire to block a road leading to the government palace, during a protest demanding an increase in their monthly retirement pay, decimated in the economic meltdown, in Beirut, Lebanon, Tuesday, Sept. 10, 2024. (AP Photo/Bilal Hussein)

A retired member of the Lebanese security flashes victory sign next of tires that set on fire to block a road leading to the government palace, during a protest demanding an increase in their monthly retirement pay, decimated in the economic meltdown, in Beirut, Lebanon, Tuesday, Sept. 10, 2024. (AP Photo/Bilal Hussein)

Pope Francis waves out of the car on the day of the Holy Mass at the Esplanade of Taci Tolu during his apostolic trip to Asia, in Dili, East Timor, Tuesday, Sept. 10, 2024. (Willy Kurniawan/Pool Photo via AP)

Pope Francis waves out of the car on the day of the Holy Mass at the Esplanade of Taci Tolu during his apostolic trip to Asia, in Dili, East Timor, Tuesday, Sept. 10, 2024. (Willy Kurniawan/Pool Photo via AP)

Next Article

Bitcoin soars past $109,000 ahead of possible early action on crypto by Trump

2025-01-20 23:49 Last Updated At:23:52

WASHINGTON (AP) — The price of bitcoin surged to over $109,000 early Monday, just hours ahead of President-elect Donald Trump’s inauguration, as a pumped up cryptocurrency industry bets he'll take action soon after returning to the White House.

Once a skeptic who said a few years ago that bitcoin “ seems like a scam,” Trump has embraced digital currencies with a convert’s zeal. He's launched a new cryptocurrency venture and vowed on the campaign trail to take steps early in his presidency to make the U.S. into the “crypto capital” of the world.

His promises including creating a U.S. crypto stockpile, enacting industry-friendly regulation and event appointing a crypto “czar” for his administration.

“You’re going to be very happy with me,” Trump told crypto-enthusiasts at a bitcoin conference last summer.

Bitcoin is the world’s most popular cryptocurrency and was created in 2009 as a kind of electronic cash uncontrolled by banks or governments. It and newer forms of cryptocurrencies have moved from the financial fringes to the mainstream in wild fits and starts.

The highly volatile nature of cryptocurrencies as well as their use by criminals, scammers and rogue nations, has attracted plenty of critics, who say the digital currencies have limited utility and often are just Ponzi schemes.

But crypto has so far defied naysayers and survived multiple prolonged price drops in its short lifespan. Wealthy players in the crypto industry, which felt unfairly targeted by the Biden administration, spent heavily to help Trump win November’s election. Bitcoin has surged in price since Trump's victory, topping $100,000 for the first time last month before briefly sliding down to about $90,000. On Friday, it rose about 5%. It jumped more than $9,000 early Monday, according to CoinDesk.

Two years ago, bitcoin was trading at about $20,000.

Trump’s picks for key cabinet and regulatory positions are stocked with crypto supporters, including his choice to lead the Treasury and Commerce departments and the head of the Securities and Exchange Commission.

Key industry players held a first ever "Crypto Ball” on Friday to celebrate the first “crypto president." The event was sold out, with tickets costing several thousand dollars.

Here’s a look at some detailed action Trump might take in the early days of his administration:

As a candidate Trump promised that he would create a special advisory council to provide guidance on creating “clear” and “straightforward” regulations on crypto within the first 100 days of his presidency.

Details about the council and its membership are still unclear, but after winning November’s election, Trump named tech executive and venture capitalist David Sacks to be the administration’s crypto “czar.” Trump also announced in late December that former North Carolina congressional candidate Bo Hines will be the executive director of the “Presidential Council of Advisers for Digital Assets.”

At last year’s bitcoin conference, Trump told crypto supporters that new regulations “will be written by people who love your industry, not hate your industry.” Trump's pick to lead the SEC, Paul Atkins, has been a strong advocate for cryptocurrencies.

Crypto investors and companies chafed as what they said was a hostile Biden administration that went overboard in unfair enforcement actions and accounting policies that have stifled innovation in the industry — particularly at the hands of outgoing SEC Chairman Gary Gensler.

“As far as general expectations from the Trump Administration, I think one of the best things to bet on is a tone change at the SEC,” said Peter Van Valkenburgh, the executive director of the advocacy group Coin Center.

Gensler, who is set to leave as Trump takes office, said in a recent interview with Bloomberg that he’s proud of his office’s actions to police the crypto industry, which he said is “rife with bad actors.”

Trump also promised that as president he’ll ensure the U.S. government stockpiles bitcoin, much like it already does with gold. At the bitcoin conference earlier this summer, Trump said it the U.S. government would keep, rather than auction off, the billions of dollars in bitcoin it has seized through law enforcement actions.

Crypto advocates have posted a draft executive order online that would establish a “Strategic Bitcoin Reserve” as a “permanent national asset” to be administered by the Treasury Department through its Exchange Stabilization Fund. The draft order calls for the Treasury Department to eventually hold at least $21 billion in bitcoin.

Republican Sen. Cynthia Lummis of Wyoming has proposed legislation mandating the U.S. government stockpile bitcoin, which advocates said would help diversify government holdings and hedge against financial risks. Critics say bitcoin’s volatility make it a poor choice as a reserve asset.

Creating such a stockpile would also be a “giant step in the direction of bitcoin becoming normalized, becoming legitimatized in the eyes of people who don’t yet see it as legitimate,” said Zack Shapiro, an attorney who is head of policy at the Bitcoin Policy Institute.

At the bitcoin conference earlier this year, Trump received loud cheers when he reiterated a promise to commute the life sentence of Ross Ulbricht, the convicted founder of the drug-selling website Silk Road that used crypto for payments.

Ulbricht’s case has energized some crypto advocates and Libertarian activists, who believe government investigators overreached in building their case against Silk Road.

FILE - Donald Trump speaks at the Bitcoin 2024 Conference July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

FILE - Donald Trump speaks at the Bitcoin 2024 Conference July 27, 2024, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

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