Past 24 Hours – Key Updates:
1. US-China Relations: Former President Donald Trump is scheduled to speak with Chinese President Xi Jinping this Friday.
2. Bitcoin Reserve Support: Senator Cynthia Lummis shared that segments of the US defense sector are supportive of holding Bitcoin as a strategic reserve asset.
3. Ripple Stablecoin Approved: The Dubai Financial Services Authority has approved Ripple’s $RLUSD stablecoin as a recognized digital asset.
4. Truth Social’s Crypto Move: Truth Social has applied to launch a Bitcoin Exchange-Traded Fund (ETF).
5. ETF Investment Inflow: Spot Bitcoin ETFs recorded inflows totaling $375.1 million.
6. Pump.fun’s Bold Plan: Meme coin platform Pump.fun is planning a $1 billion token offering at a $4 billion valuation, with its own token launch expected in the next two weeks.
7. Trump Jr. on Crypto Shift: Donald Trump Jr. stated they turned fully toward Bitcoin and crypto after financial service access was limited.
8. Clarification on Crypto Wallet: Trump Jr. clarified that the Trump Organization is not involved with the newly announced Trump wallet. He also noted that World Liberty Finance is preparing to introduce its own crypto wallet.
