The Financial Times, citing six anonymous sources, said Trump's media group plans to raise and invest $3 billion into bitcoin and cryptocurrencies.
Though the U.S. stablecoin bill is widely expected to clear its biggest hurdle soon, Trump's crypto interests will be targeted with an attempted amendment.
The leverage flush happened as crypto prices quickly dropped on renewed trade war fears, with BTC slipping 3% from near record highs.
The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.
Tron's Sun sees the President fueling a new American crypto boom.
Democratic lawmakers went through a flurry of actions to highlight concerns that Donald Trump's memecoin dinner is "corrupt."
Sun, a Chinese-born crypto billionaire, is also involved with the Trump-linked ecosystem through a $75 million investment in World Liberty Financial.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The token had a market cap of just $40 million before the purchase.
Sacks did not directly respond to concerns that the legislation could benefit President Trump but emphasized the bill's bipartisan support.
While Justin Sun and other crypto names attend the president's crypto feast that Democrats labeled corrupt, one lawmaker is targeting Trump with a new bill.
The last of the sitting commissioners for the U.S. regulator that may get top oversight duties over crypto is leaving along with all of her colleagues.
Sun has invested $75 million in World Liberty Financial, a decentralized finance project backed by the Trump family.
Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history, Matt Hougan argued.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The analysts suggest Trump's upcoming memecoin gala and Vance's Bitcoin 2025 keynote could present fresh crypto reserve information.
Year-to-date inflows have reached $7.5 billion — fully recovering from the February to March outflows amid the Trump tariff-fueled slump.
Sen. Richard Blumenthal had written letters to Trump-affiliated executives, asking about their businesses, and WLFI called some of his assertions inaccurate.
The Trump family’s World Liberty Financial (WLFI) has approved a community proposal to airdrop its USD1 stablecoin to eligible token holders, according to a May 15 statement. The governance vote, which ran from May 6 to May 13, received near-unanimous support, with 99.96% of participants backing the initiative. In total, around 7 billion tokens were […]
The post Over 40% WLFI’s USD1 airdrop approval vote concentrated to 5 wallet addresses appeared first on CryptoSlate.
World Liberty Financial said the core of its mission is to strengthen, not undermine the role of the U.S. dollar.
Sen. Cynthia Lummis said it's a 'fair target' to have the senate vote on the stablecoin bill, dubbed GENIUS Act, by Memorial Day.
As Summer Mersinger exits to run the Blockchain Association and Caroline Pham talks of leaving when the new chairman arrives, the commission may fall to two.
DEK:The congressman said he thinks getting a stablecoin bill and a market structure bill on President Donald Trump’s desk by the August recess is “still doable.”
The request marks an escalation in Congressional scrutiny on whether the President and his entourage are abusing their positions to benefit their crypto businesses.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Bitcoin price and the entire crypto and stock market have been operating at the mercy of the tariff wars ignited by US President Donald Trump after being sworn into office. The initial wave of tariff increases on countries such as China triggered massive crashes across financial markets, plunging the Bitcoin price below $80,000. However, the tariff wars are nearing their end with the latest announcement from the White House regarding trade between the United States and China. White House Announces Reduction Of China Tariffs In April 2025, US President Donald Trump had announced a drastic increase of tariffs on Chinese goods to a high 145%, with over 180 countries also seeing tariff increases. This triggered a wave of panic and retaliation, triggering what is now known as the ‘tariff wars.’ As discussions progressed, another announcement in April revealed a 90-day pause on tariffs for other countries, with the exception of China. Related Reading: XRP Price Surge To $10: Analyst Reveals Factors That Will Make It Happen In 2025 While China was yet to exempt, the 90-day pause did have a positive effect on the market as the Bitcoin price recovered, taking the crypto market up with it. Since then, the Bitcoin price has since recovered above $100,000, as well as the stock market seeing multiple green days. Trade talks have since been ongoing between China and the United States and there has been a stopgap put in place for now. In a statement on the White House website, it was announced that both the Chinese and United States government at the US-China Economic and Trade Meeting in Geneva had agreed to modify their respective applications and implement a suspension of 24 percentage points of tariffs. This agreement is expected to be in place for an initial period of 90 days, giving both parties time for more discussions toward a resolution. The statement read that this was done in “the spirit of mutual opening, continued communication, cooperation, and mutual respect.” Why The Bitcoin Price Could Explode Currently, the rally of the Bitcoin price is being driven by the positive news surrounding the tariffs. So, it is expected that more positive news will continue to drive up the price. The agreement between the US and China states that both countries should have implemented the tariff reduction by May 14, 2025. With only a day left, this deadline could trigger another rally. Related Reading: Dogecoin Price Gearing Up For Major Explosive Rally – Why $1 Is Still In The Cards As the news of the suspension begins to make the rounds, it signals no negative news coming out regarding tariffs for the next three months at least. This gives time and most importantly, confidence in risk assets such as Bitcoin for investors looking for gains. With the return of investors into the risk market, the Bitcoin price could quickly cross $110,000 as early as Wednesday. Featured image from Dall.E, chart from TradingView.com
Coinbase is set to join the S&P 500 — a move that could see billions of dollars allocated to COIN, according to analysts at Bernstein.
Data from Chainalysis show the creators of the TRUMP token made $320 million in fees while retail investors lost money.
After soaring over 10% on Wednesday, Ethereum (ETH) has jumped past the $2,000 mark for the first time since March, leading some analysts to suggest that the second-largest crypto could reclaim its macro range in the coming days. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? Ethereum Hits Seven-Week High For the first time in over a month, Ethereum has retested the $2,000 resistance, hitting a seven-week high of $2,075. The King of Altcoin lost this level at the end of March, nosediving to its two-year low of $1,385 in the following weeks. Amid the late-April market recovery, ETH climbed above crucial levels, reclaiming the $1,600-$1,750 zone over the last 14 days. Earlier this week, the cryptocurrency finally reclaimed the $1,800 resistance, but some investors worried about its sideways price action and a potential drop to lower support levels. Nonetheless, Ethereum soared by 8.3% toward the $1,950 level after US President Donald Trump revealed yesterday that a “major trade deal” with a “big, and highly respected, country” would be announced on May 8. On Thursday, Trump’s $6 billion deal with the UK pushed ETH past the $2,000 mark and near the $2,100 level. Analyst Rekt Capital highlighted the “strong breakout so far,” noting that the cryptocurrency held the bottom of its historical demand zone and rebounded around 14% to the top of the range. After the price jump, the analyst explained that ETH must turn the $1,930 level into support to avoid an upside wick and rejection, and confirm a breakout toward the $2,200 area. “Ethereum will need to simply stay above $1930 to continue to be positioned for a revisit of $2200 (black). The goal for ETH is to use this light blue historical demand area to resynchronise with its $2200-$3900 Macro Range,” he detailed. ETH Eyes New Bull Rally Rekt Capital also pointed out ETH’s dominance was “upticking after making new All Time Lows,” which resembles its 2020 performance. At the time, the cryptocurrency’s dominance bounced after making a new low, surging toward higher levels in the following months. Meanwhile, Daan Crypto Trades noted that Ethereum is testing its range high against its BTC trading pair. According to the post, “this move is tiny compared to what it has to make up for to see some proper relief. You can however already see the market wide impact it has on alts by just moving ~7% against BTC.” Despite looking “decent” after the price jump, the trader advised investors not to get overexcited until ETH/BTC breaks out and holds above the 0.0202 range high. “If it does that, we can get a setup for a larger potential few week reversal in ALT/BTC pairs and for BTC.D to come down. For now, still rangebound,” Daan explained. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? He also suggested that investors should be prepared for a big price move, as this performance “generally ends in violent fashion with a big wick towards the upside before cooling off.” Ali Martinez highlighted that the key supply barrier for the cryptocurrency sits at around $2,380, where 12.72 million addresses bought 69.6 million ETH. According to the analyst, “clearing this level could ignite a new bull rally.” As of this writing, Ethereum trades at $2,050, a 13.5% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
U.S. senators voted Thursday to halt progress on a stablecoin regulation bill amid tensions over President Donald Trump's crypto involvement.