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12:05 PM ET, July 4, 2026

memeorandum

 Top Items: 
New York Times:
Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin  —  A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money while sophisticated traders did better.
Associated Press:
Ukrainian drones hit St Petersburg oil terminal in latest long-range attack on Russia  —  A Ukrainian drone attack struck an oil terminal in St. Petersburg on Saturday, Russian officials said, as Kyiv presses on with bombardment of Russia's oil infrastructure.
RELATED:
Paul Sonne / New York Times:
In Battlefield Visit, Putin Vows to Take More of Ukraine
Discussion: Sputnik News, spiked and NewsMax.com
Maureen Dowd / New York Times:
Founding Father vs. Foundering Toddler  —  I found myself gazing at George Washington's teeth the other day.  —  They weren't wooden, as lore has it.  On a trip to Mount Vernon, which I had somehow never visited as an adult, even though my hometown is named after him …
Discussion: Raw Story
Shawn McCreesh / New York Times:
At Mount Rushmore, Trump Veers From Patriotism to ‘Communism’  —  On the eve of July 4, President Trump extolled the nation's founders while branding his opponents as “communists” in what seemed to be a warm-up for November.  —  Four months before tough midterm elections …
RELATED:
CNBC:
Trump hails U.S. exceptionalism before veering into darkly political speech to usher in America's 250th anniversary
Sam McNeil / Associated Press:
A Belgian diamond group is gifting Trump a lavish ring after that industry won tariff relief  —  Dozens of diamonds spell out two giant letter T's next to the Stars and Stripes and “1776” and “2026.”  Dozens more frame the numbers 45 and 47 in the shape of Superman's logo.
RELATED:
Toluse Olorunnipa / The Atlantic:
Trump Is Getting Tired of Losing Election Cases  —  Earlier this year, President Trump claimed a new area of expertise: election law.  “I have searched the depths of Legal Arguments not yet articulated or vetted on this subject,” Trump wrote on social media, and found an “irrefutable one” that he would soon present.
Discussion: Mercury News
RELATED:
Chris Geidner / Law Dork:
The Trump admin went so far Thursday night that even Judge Reed O'Connor put a case on hold  —  O'Connor has been very receptive to the Trump admin and its anti-trans efforts, but an FTC request to him is now on hold after “consultation” with Judge James Boasberg in D.C.
Discussion: Advocate
Politico:
DOGE self-deletes on July 4th.  The grand experiment fell apart long before that.  —  President Donald Trump's cost-cutting commission that once plunged the government into chaos is nearing its destiny — becoming a former federal initiative.  —  Up for debate: how and when the end …
Washington Post:
Iran's regime survived the war and is now savvier, ruthless and more hard-line  —  After months of strikes by the U.S. and Israel, the Iranian regime has emerged emboldened, contradicting Trump's claim of accomplishing “regime change.”  —  Summary  —  The death of Iran's supreme leader …
Discussion: NewsMax.com
Jim VandeHei / Axios:
What America gets right  —  We're alive at the single greatest moment in U.S. and human history.  By a lot. … We live longer, better, richer, healthier and freer than those before us. … Always have.  Always will. … - To me, that yawning gap between our reality and how people feel …
Tom Schaller / Public Notice:
Declaring War on The Declaration  —  This special July 3 edition of PN is made possible by paid subscribers.  Become one ⬇️  —  🇺🇸 Subscribe to PN 🇺🇸  —  Today marks the 250th anniversary of the signing of the Declaration of Independence, a landmark moment in American and human history.
Jennifer Medina / New York Times:
‘Who Should I Vote for?’  Voters Turn to A.I. Before Casting Their Ballots  —  It takes effort to be an informed citizen.  Artificial intelligence tools offer an alluring shortcut — but they're not without risk.  —  Mia Taylor looked down at her Los Angeles County election ballot …
Wall Street Journal:
Wars Are Blurring Lines Between Corporate and National Security  —  Businesses and governments are struggling to determine who will shoulder the costs of protecting critical infrastructure  —  Modern warfare is forcing a convergence between national and corporate security …
 
 
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 More Items: 
Nathaniel Weixel / The Hill:
Kean's depression disclosure prompts questions about mental health stigma
Aishvarya Kavi / New York Times:
Trump Takes Stock of Other Presidencies, Shedding Light on His Own
Wall Street Journal:
Democrats Are Seizing on Trump's Soaring Wealth as a Campaign Opportunity
Discussion: The Hill
Ryan King / New York Post:
Columbia among 12 universities ripped by watchdog over explosion of all-gender facilities on campus
Discussion: Legal Insurrection and NewsMax.com
Laura Kelly / The Hill:
Venezuela earthquakes deepen rift between GOP hawks and Trump-backed regime
Discussion: NewsMax.com
John Ismay / New York Times:
Trump's National Guard Deployment in Washington Expands Ahead of Holiday
Discussion: Breitbart and NewsMax.com
 Earlier Items: 
Cassandra Dumay / Politico:
‘Hypocrisy’: Congress wants more homes. HUD is closing its low-income housing pipeline.
Sophie Brams / The Hill:
Bessent brushes off critics of Trump's crypto haul
Discussion: CBS News and Mediaite
William Liang / The Hill:
Can the Mamdani machine kill the Democratic establishment?
Stephen Pollard / Telegraph:
Is there anything more pathetic than a Bluesky user?
Discussion: Althouse
 

 
From Mediagazer:

Alex Weprin / The Hollywood Reporter:
A look at ABC News' 24-hour Fourth of July programming marathon for the US' 250th anniversary, which it calls “the longest commercial broadcast in history”

Peter Walker / The Guardian:
UK Culture Secretary Lisa Nandy says she and her department will stop using X because the site favors “abuse and misinformation over meaningful debate”

Matthew Weaver / The Guardian:
Three men have been found not guilty of murdering the journalist Lyra McKee in 2019; the New IRA claimed responsibility for the killing

 
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