Trump puts pressure on Powell again! US stocks plummeted 1,000 points, Bitcoin soared 90,000! Why did LUCE rise by more than 130%! With the support of ETF, has the copycat turned bullish?

Today, BTC has gone through a phased independent market. It remains strong against the backdrop of falling U.S. stocks and Trump's criticism of Powell causing policy uncertainty. It has rebounded above $87,000 in the short term, providing support for sentiment. On the other hand, U.S. stocks continue to weaken due to the trade war and the expectation of interest rate cuts, and the 10-year U.S. Treasury yield is approaching 4.5%. Although the BTC chip structure is stable and the support below $84,500 is strong, we still need to be vigilant against the linkage adjustments brought about by systemic risks in the context of unclear macroeconomics and increased expectations of economic downturn. It is recommended to wait and see in the short term and pay attention to the stability of the on-chain support area.

Today, the price of the LUCE-inspired meme coin soared by more than 130%, but then fell back slightly, closing at $0.014 on Tuesday (April 22). Subsequently, more and more similar meme coins emerged on the well-known meme coin trading platform GMGN.Named after the official mascot of the Holy Year 2025, LUCE is an unofficial meme coin that will be issued after the Vatican releases the mascot in late October 2024.

According to Bloomberg, there are currently 72 cryptocurrency-related ETFs in the United States awaiting approval from the SEC, including spot ETF applications for $SOL, $XRP, $DOGE, $LTC, $DOT, $AXL, $AVAX, $APTOS, $SUI, $ADA, $PENGU and $BONK, as well as the $ETH spot ETF staking application that many friends are paying attention to.

In fact, the application for $TRX spot ETF is missing from these 72 data. According to the content of Canary Capital cited by justinsuntron, Canary Capital has submitted the S-1 form of TRX spot ETF to the US SEC on April 18. Moreover, TRX has an advantage, that is, if the ETF pledge approval is passed in advance, the pledge of TRX ETF can also start simultaneously with the approval of TRX ETF.

Generally speaking, applications for cryptocurrency spot ETFs represent the interest of traditional capital in the token. Applications are made only when it is believed that a large number of traditional investors will buy the token. Once approved by the SEC, it means that the token complies with the US regulatory system. It can even be said that after the spot ETF is launched in the United States, it can be regarded as a compliant and mainstream asset from a global perspective.

Currently, the United States has only approved spot ETFs for $BTC and $ETH. The new chairman of the SEC only took office in April, and it will likely take some time to give the final approval opinion.