PANews reported on November 10th that, according to Wall Street News, U.S. Treasury Secretary Bessant stated that President Trump's proposal that Americans could receive at least $2,000 in tariff "bonuses" could be realized through tax cuts passed earlier this year in his landmark economic policy bill. Bessant made these remarks on ABC's This Week program when asked about a post Trump made on social media earlier Sunday. In the post, Trump mocked those opposed to tariffs, claiming he would give everyone at least $2,000 in bonuses, excluding high-income earners.

Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
