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03.08.2025

 

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Good morning. It's Saturday, March 8, and in this weekend edition, we're covering a cryptocurrency meeting at the White House, escalating tensions in Syria, and much more. First time reading? Join over 4 million intellectually curious readers. Sign up here.

PS—Remember to set your clocks ahead tonight for daylight saving time, which begins tomorrow (except in two states and a handful of US territories). Also, happy International Women's Day. 

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One Big Headline
 

'A Digital Fort Knox' 

President Donald Trump hosted a cryptocurrency summit at the White House yesterday, where crypto czar David Sacks and top executives from major crypto firms discussed the future of digital asset regulation.

 

The summit came one day after Trump signed an executive order (see fact sheet) establishing a Strategic Bitcoin Reserve and a US Digital Asset Stockpile within the US Treasury. The reserve will be funded through federal asset forfeitures, with an estimated 200,000 bitcoins (worth approximately $17B) already in government possession. The order mandates a full audit of government-owned digital assets and will hold the assets as a long-term store of value, similar to other national stockpiles. See its potential to offset national debt here.

 

The Trump administration has said it aims for the US to be the “crypto capital” of the world and has halted legal actions against several crypto firms.

 

Want to learn more about cryptocurrency? See our 1440 Topics page on crypto here.

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Quick Hits
 

Nearly 200 dead as Syrian security forces clash with Assad loyalists.

Fighting between Syrian security forces and loyalists of former President Bashar al-Assad in the coastal regions of Latakia and Tartus has led to dozens of people being killed since Thursday, marking the worst violence since Assad’s ousting in December (see background). The conflict has prompted large-scale military reinforcements and curfews as the new government struggles to restore control. 

 

Cause of death for actor Gene Hackman and wife Betsy revealed.

Hackman, 95, likely died of heart disease, with Alzheimer's as a contributing factor, while his wife, Betsy Arakawa, 65, died of hantavirus pulmonary syndrome, according to New Mexico's chief medical examiner. Hantavirus causes a respiratory illness and is associated with rodent droppings. The couple was found dead in their Santa Fe home Feb. 26, but investigators believe Arakawa likely died Feb. 11 and Hackman died Feb. 18 (see previous write-up). 

 

Trump administration cancels $400M in funding to Columbia University.

The administration is pulling the contracts and grants to Columbia University for allegedly failing to protect Jewish students from antisemitism on campus. Last year, Columbia faced protests over the Israel-Hamas conflict and came under congressional scrutiny for its handling of antisemitism. The administration has also opened a similar probe into the University of California system. 

 

Measles outbreak in Texas and New Mexico surpasses 200 cases.

The West Texas outbreak has grown to 198 cases, while the New Mexico outbreak has grown to 30. Among the West Texas cases, 23 people have been hospitalized, and one person—an unvaccinated 6-year-old—died last week. In New Mexico, one unvaccinated adult has died. The CDC says two vaccine doses are 97% effective at preventing measles; the first dose is given to children at 12 to 15 months old and the second at 4 to 6 years old. 

 

Death row inmate executed by firing squad—first in the US in 15 years.

Brad Sigmon, a 67-year-old man convicted of a double murder in 2001, was executed by a firing squad in South Carolina Friday, marking the first use of this method in the US in nearly 15 years. Sigmon chose the firing squad over lethal injection and the electric chair (see overview), citing concerns about the potential for prolonged suffering with the other methods. 

 

US economy adds 151,000 jobs in February, fewer than expected.

The nonfarm payroll growth for last month is up from a downwardly revised 125,000 jobs added in January but below an estimate of 170,000. The unemployment rate rose slightly to 4.1% from 4%. Average hourly earnings rose 0.3% month over month (as expected) and 4% year over year (lower than a 4.2% forecast). See all data here.

 

Dolly Parton releases ballad in tribute to her late husband, Carl Dean.

Parton's husband, whom she had been married to for 60 years, passed away earlier this week at the age of 82. In tribute, Parton released a new song Friday, titled "If You Hadn't Been There." The ballad reflects on the couple's relationship and the impact Dean had on Parton's life. Listen here

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Humankind
 

Steve Carell surprises Southern California high school students affected by the wildfires with free prom tickets. (More)

 

Washington Capitals' Alex Ovechkin plans to donate to cancer research an amount equal to his career goal total in dollars for every goal he scores for the rest of his professional career. (More

 

Figure skater receives standing ovation after honoring her dad and brother who died in Washington, DC, plane crash. (More)

 

Meet the college basketball player with 4 million followers on social media who lost his left arm in an accident 16 years ago. (More

 

... and a toddler playing with an old cellphone calls 911 for emergency doughnuts. (More, w/video)

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Humankind(ness)
 

Today, we're sharing a story from reader Nikita Z. in Pittsburgh, Pennsylvania

 

"I take care of two small children for work. Last week, when we were on a morning walk, I decided to stop for a coffee at the neighborhood bakery. Unfortunately, I realized that getting the double stroller inside would be almost impossible. It was crowded and there wasn't much space. After thinking about it for a minute, I decided to ask someone waiting outside if they would get me a coffee when they went in. When they agreed, I grabbed my wallet to give them some cash, but they immediately told me not to worry about it! This small act of generosity from a stranger was totally unexpected and truly made my day."

 

What act(s) of kindness did you experience this week? Tell us here.

Etcetera
 

Bookkeeping

> $87,840: The selling price of a Hot Cheeto shaped like a Pokémon Charizard 

> 22%: The drop in the US butterfly population since 2000 and also the percentage of siblings whose names start with the same letter, according to one study

 

Browse 

> What it means to be "Cali sober." 

> How prescription drugs get their names.

> Visualizing the sounds of planet Earth

> Why daylight saving time begins at 2 am

> California urges residents to eat an invasive rodent

 

Listen 

> The economics of how chain restaurants get their food to taste the same.

 

Watch 

> Why the US has birthright citizenship

What love has to do with public housing in Singapore

> A little yellow bird plays basketball with itself

 

Long Read 

> What if your worry problem is really a planning problem

How working outside daily led a writer to feel a greater sense of well-being

> A stuffed possum tried—and failed—to become America’s national toy

 

Best of the Week: Ranking US states with the lowest and highest tax rates.

 

Historybook: First stock car race held in Daytona Beach (1936); International Women's Day becomes official United Nations holiday (1977); Baseball player Joe DiMaggio dies (1999); Sam Simon, director and codeveloper of "The Simpsons," dies (2015).

"There is always some kid who may be seeing me for the first time. I owe him my best."

- Joe DiMaggio

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