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#BTCPrediction Many people are trying to guess what will happen to Bitcoin's price next. Some think it will go up, while others think it will go down. There are many factors that can influence Bitcoin's price, such as more people using it, government rules, and how people feel about it. If more people start using Bitcoin, the price might go up. Changes in government rules or laws might affect the price. If people are excited or worried, it can change the price. Some people think Bitcoin could reach new highs, while others think it might drop.
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#BTCPrediction Spot Bitcoin ETFs Record Staggering Inflows Balchunas’s Bitcoin prediction was inspired by the strong spot BTC ETF inflows, particularly BlackRock’s IBIT, despite the choppy price action. With a staggering $531 million in inflows on Monday, IBIT has now recorded 15 consecutive days of inflows, bringing its individual AUM to $44.2 billion. Balchunas noted that IBIT’s year-to-date inflows have reached $6.963 billion, despite Bitcoin’s price rising by only 4% YTD. In contrast, SPDR’s GLD gold ETF has recorded just $6.5 billion in inflows, despite a 23% rally in the price of gold this year. “To take in more cash in that scenario is really good sign for long term, and inspires confidence in our call that btc ETFs will have triple gold’s aum in 3-5yrs.” Notably, BlackRock’s spot Bitcoin ETF recorded $674 million in inflows on Friday and $970 million on April 28th, data from Farside Investors reveals, which further confirms that a new BTC bull market is underway. $BTC
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#MEMEAct $TRUMP Dem senator introduces 'MEME Act' to bar president, Congress from launching meme coins Sen. Chris Murphy, D-Conn., on Tuesday announced he had introduced the “Modern Emoluments and Malfeasance Enforcement Act,” or “MEME Act,” targeting federal officials who release meme coins. Meme coins are a form of cryptocurrency with ironic or humorous appeal due to a connection to internet memes. President Donald Trump launched his own meme coin shortly before Inauguration Day and is now offering holders of the coin the chance to meet him at a Washington D.C. Gala. Sen. Murphy said in a video posted via X these coins sometimes enable government officials to secretly receive payments from those who are doing business with the federal government. “Trump’s meme coin $TRUMP , it’s the most unethical, the most corrupt thing a president of the United States has ever done,” the senator said. “This is a chance for Republicans and Democrats to come together and say non of us, no member of the executive branch, no member of Congress, should be able to profit off of their position.” Cosponsoring the legislation in the House is Rep. Sam Liccardo, D-Calif. “When I introduced the MEME Act in February, we saw this corruption coming,” he wrote. “Thanks to @ChrisMurphyCT for leading the fight in the Senste [sic]. Let’s make corruption criminal again.” The bill’s introduction follows reports that Rep. Maxine Waters, D-Calif., will block a Tuesday joint hearing with House Republicans focused on cryptocurrency. She reportedly plans to walk out of Tuesday's scheduled meeting to host a “shadow hearing” about President Donald Trump’s involvement in cryptocurrency. Trump in March announced plans to create a “U.S. Crypto Reserve,” which he said would make the country into “the Crypto Capital of the World.” $PEPE
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#TRUMP Trump is planning a slew of crypto dinners this month. On May 5th, Crypto and Al entrepreneurs, Just as we planned a dinner with technical experts, we are also planning to hold a dinner with TRUMP holders on May 22. At the dinner on May 5th, it was learned that a dinner worth $1.5 million was hosted, and the media was not allowed to access the information. Therefore, there are accusations among lawmakers that Trump is unethical and using power for personal gain. It is said that the TRUMP memecoin holder event scheduled to be held on May 22 will invite the top 25 TRUMP holders to visit the White House. Such privileges are "a trade-off of presidential authority to invite investment in the president's businesses," said Senate Senator Elizabeth Warren, adding that the USD1 stablecoin issued by Trump's WLFI is "akin to corruption." Despite these criticisms, the news that TRUMP holders will have dinner with Trump is popular now, and the TRUMP stock is rebounding due to this news. Therefore, it will be interesting to see who will be able to control Trump, and what consequences will come after the presidency for all the things done during the presidency. $TRUMP
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#FOMCMeeting When the Federal Reserve decides what to do with interest rates to manage the economy, the data usually speaks for itself. Policymakers, for instance, knew they needed to rush to cut interest rates in 2020 as the gears of commerce came to a screeching halt at the onset of the coronavirus pandemic. Two years later, when inflation surged to a 40-year high and jobs were plentiful, the central bank hiked borrowing costs to cool off the economy and bring prices back in check. Those days may now be over. President Donald Trump’s trade war is roiling business, consumer and investor confidence, threatening to derail hiring and spending while also raising the risk of a recession, economists say. At the same time, the extent of those tariff hikes is threatening to push up prices across the country as the cost of importing foreign goods and materials becomes more expensive. could put the Fed’s two jobs — keeping prices stable while also maintaining a healthy labor market — at odds with each other. And there’s a lot at stake, as Trump steps up his pressure on the U.S. central bank to cut interest rates. If both Americans’ cost-of-living and job prospects soon need saving, the U.S. central bank’s next moves might come down to individual preferences on how each official is reading the data, a level of subjectivity that might open it up to even more scrutiny. “Whatever they do, it will be interpreted politically,” said Vincent Reinhart, chief economist at BNY Investments, who spent more than two decades at the Fed. “If the May meeting comes and goes with an unchanged policy stance, then the headline is going to be, ‘Fed ignores the president.’ And if they were surprisingly to ease policy, the headline would be, ‘Fed bows to president.'” For now, officials seem inclined to stand pat as they wait to assess the total impact of Trump’s policies.
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