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On May 3, 2023, according to Decrypt, Apple updated its App Store review guidelines after a court ruling this week, easing restrictions on developers in the U.S. App Store. The main content allows developers to offer external payment methods within their apps and supports users purchasing non-fungible tokens (NFTs) through third-party markets.

However, cryptocurrency apps still need to comply with strict regulations, including a ban on offering reward tokens for completing tasks, prohibiting initial coin offerings (ICOs), and banning the use of user devices for mining.

This relaxation of rules stems from Epic Games' loss in an antitrust case, where the court ruled that Apple had "intentionally" violated a 2021 injunction that prohibited it from charging a 27% fee on external payments and restricted redirect actions. Developers believe this will provide more experimental space for crypto-native mobile applications.

#数字资产法案 United States "21st Century Financial Innovation and Technology Act" (FIT21)

• Background: Jointly proposed by the U.S. House of Representatives Financial Services Committee and Agriculture Committee in June 2023, passed in the House on May 22, 2024, with a vote of 279 to 136.

• Core Content: Establish a regulatory framework for digital assets, defining digital assets as exchangeable digital representations that can be transferred between individuals without intermediaries and recorded on a cryptographically protected public distributed ledger. Digital commodities will be regulated by the Commodity Futures Trading Commission (CFTC), while securities-type digital assets will be regulated by the Securities and Exchange Commission (SEC). It also proposes key factors to distinguish whether a digital asset is a security or a commodity, including investment contracts, usage and consumption, degree of decentralization, functional and technical characteristics, and market activities.

Arizona State's "Strategic Digital Asset Reserve Act" (SB1373)

• Background: In April 2025, the Arizona legislative body passed the bill with 37 votes in favor and 19 against.

• Core Content: Allows the state treasury to invest up to 10% of public funds in digital assets such as Bitcoin. Establishes a "hybrid custody mechanism," with 50% of assets stored in the Federal Reserve System and 50% directly controlled by the state government with private keys. Specifies that 30% of the digital asset revenue will be used to supplement the education fund.

Stablecoins are a type of cryptocurrency that is pegged to a specific asset or commodity to maintain stable value, theoretically usable for everyday payments, with some advantages and challenges as follows:

Advantages

• Stability: Compared to other cryptocurrencies like Bitcoin, stablecoins have a relatively stable value with less volatility, allowing users to more accurately measure the value of goods and services in everyday payments.

• Speed: Payments made with stablecoins can usually be completed quickly, without the long wait times associated with traditional bank transfers, improving payment efficiency.

• Global Reach: Stablecoins are based on blockchain technology and are not restricted by geography, enabling fast and convenient payments globally, facilitating consumption in scenarios such as cross-border shopping and travel.

Challenges

• Acceptance: Currently, the acceptance of stablecoins in everyday payments is still relatively low, with only a limited number of merchants and platforms willing to accept stablecoins as a payment method.

• Regulation: Regulatory policies regarding stablecoins are still unclear in various countries, posing certain legal risks. This may affect the widespread use of stablecoins in everyday payments.

• Security: Although blockchain technology itself has a certain level of security, wallets and trading platforms related to stablecoins may still have security vulnerabilities, leading to risks such as user asset theft.

Currently, the application of stablecoins in everyday payments is not widespread enough, but with technological advancements and improved regulations, their use in daily transactions may increase.

#空投防骗手册 View Project Official Website: Manually enter the official website address, do not blindly trust search engine results. Carefully check the domain suffix; if you find that ".com" has changed to ".cn" or other abnormal situations, you should blacklist it immediately. You can also follow the official Twitter and other social media accounts, as the pinned link is usually the legitimate official website.

• Confirm the source of information: Official airdrop information is generally released through the project's official channels, such as the official website, official social media accounts, etc. If the information is sent via emails, text messages, instant messaging tools from unknown sources, be extra cautious.

• Be wary of unreasonable requests: Legitimate airdrops will not ask users for private keys, mnemonic phrases, or other critical information. They will not request users to pay fees or charges under the pretense of "unlocking" the airdrop.

Protect personal information and assets

• Protect privacy data: Avoid filling in sensitive data such as ID numbers and facial information on unknown websites or platforms. If KYC certification is required, only do so on well-known and legitimate platforms, and watermark documents like ID cards with a note stating "For use only by XX project."

• Exercise caution in authorization operations: Do not casually click the "Approve" button or authorize unknown contracts. Tools like revoke.cash can be used to regularly cancel unnecessary authorizations. First, test with a small wallet, and after confirming safety, use a larger wallet.

• Strengthen wallet security: Use a secure and reliable wallet and enable multi-factor authentication. Regularly update wallet software and device systems to prevent attacks from malicious software.

The U.S. Securities and Exchange Commission (SEC) has postponed the approval of multiple spot ETFs for the following reasons:

• Market volatility and compliance issues: SEC Chairman Gary Gensler has stated that before approving spot ETFs, it is essential to ensure investor protection and market transparency. The cryptocurrency market is highly volatile, and regulation is still immature; the SEC needs to continuously assess the associated risks.

• Cautious regulatory stance: The SEC has maintained a cautious approach towards the approval of cryptocurrency spot ETFs. For example, it was not until January 2024 that the SEC officially approved the first batch of Bitcoin spot ETFs, nearly ten years after the Winklevoss brothers first submitted their Bitcoin ETF application in 2013. The SEC will be more cautious with ETF applications for emerging assets.

• Concerns about market manipulation and fraud: Some underlying spot markets for cryptocurrencies are considered to have situations where fraud and manipulation are difficult to detect, which raises concerns for the SEC when approving related spot ETFs. For instance, Grayscale CEO Michael Sonnenshein has pointed out that the SEC believes the Bitcoin spot market lacks the capability to detect fraud and manipulation.

• Uncertainty of legal status: The legal status of some crypto assets remains unclear, as the SEC has classified assets like Solana and XRP as potential securities, increasing the legal uncertainty surrounding the approval of related ETFs, leading to delays in the approval process.

On April 30, local time, #特朗普就职百日 , it marks the 100th day of President Trump's second term in office. During these hundred days, the performance of the Trump administration has been filled with chaos and controversy. Specifically as follows:

• Domestic aspects: Firstly, Trump signed a large number of executive orders, pushing policies through executive power, involving the cancellation of 'birthright citizenship', forced deportation of immigrants, etc. Many of these actions have been questioned as exceeding the constitutional limits of executive orders, leading to over 200 lawsuits facing the U.S. domestically. Secondly, the management of the governing team has been chaotic, such as the intense argument between 'special government employee' Musk and Trump's advisor, Treasury Secretary Mnuchin. Thirdly, his policies have faced widespread criticism, including accelerated large-scale deportations of immigrants, significant cuts to funding in healthcare, social security, and other areas, which has led to a decline in Trump's approval ratings. Poll results show that only 39% of respondents approve of Trump's performance in office, marking the lowest record for any U.S. president in the past 80 years during the same period.

• International aspects: The Trump administration waved the 'tariff stick' at the world, mirroring the policies of the Hoover administration during the Great Depression of the 1930s, which has faced strong opposition and counteractions. On the Ukraine issue, the Trump administration's statements have changed repeatedly, reflecting the continued setbacks of its 'coercive diplomacy' policy. In addition, the Trump administration has repeatedly expressed territorial ambitions toward Greenland and neighboring Canada, and its foreign policy is seen as a complete contempt for rules, order, values, and multilateralism.

However, at a rally in Michigan on April 29, facing thousands of supporters, Trump recounted his achievements over the past 100 days, including the deportation of illegal immigrants, bringing manufacturing back, restoring the rule of law in the U.S., and lowering inflation levels in the country, claiming this is 'the best start for a president in history.'

#空投操作全指南 Below is a comprehensive guide to cryptocurrency airdrop operations under normal circumstances:

Preparation

• Choose a wallet: Ensure you have a cryptocurrency wallet that supports receiving airdrop tokens, such as MetaMask, TokenPocket, etc. After creating the wallet, back up your mnemonic phrase and private key, and store them safely.

• Complete KYC: Some airdrop projects may require participants to complete real-name authentication (KYC). Prepare your ID and other relevant documents, and complete the authentication on the designated platform according to the project's requirements.

Finding Airdrop Projects

• Follow social media: Follow the official social media accounts of blockchain projects, such as Twitter, Telegram, Discord, etc. The project team usually announces airdrops on these platforms.

• Browse airdrop platforms: Some dedicated cryptocurrency airdrop platforms aggregate various airdrop information, such as AirdropAlert and the airdrop section of CoinMarketCap. You can filter projects of interest on these platforms.

Participating in Airdrops

• Complete specified tasks: Common tasks include following the project's social media accounts, joining community groups, sharing posts, filling out surveys, participating in the project's testnet or mainnet interactions, etc. Complete the tasks one by one as required by the project team to qualify for the airdrop.

• Submit information: After completing the tasks, you typically need to submit personal information on the project’s designated page, such as wallet address, email, social media account, etc. Ensure the information is accurate to receive the airdrop tokens.

Receiving and Managing Airdrop Tokens

• Check airdrop progress: Pay attention to the airdrop schedule and progress updates announced by the project team to understand the specific time and method of token distribution. Some airdrops may be distributed all at once, while others may be distributed in batches.

• Receive tokens: After the token distribution, they will automatically transfer to the wallet address you submitted. You can check your wallet to see if you successfully received the airdrop tokens.

• Manage tokens: After receiving the tokens, you can decide based on your needs whether to continue holding, trade on cryptocurrency exchanges, or participate in the project’s subsequent activities.

When participating in airdrops, be cautious to identify scam projects. Do not transfer funds or provide sensitive information to unknown addresses easily. Additionally, there are numerous airdrop projects in the market, with varying quality, so choose wisely when participating.

Below is the analysis of Bitcoin (BTC):

Market Performance

On April 23, 2025, Bitcoin's price continued to rise strongly, breaking through $94,000, setting a new historical record. From market data, on April 27, Bitcoin's price increased by 11.40%, but recent overall market trading volume has declined, indicating that there is still a wait-and-see sentiment in the market.

Price Drivers

• Macroeconomic Level: Changes in the global economic landscape, adjustments in monetary policy by central banks in various countries, and an increase in demand for safe-haven assets have led Bitcoin to be regarded as an effective hedging tool due to its decentralization and scarcity. At the same time, the clarification of digital currency regulatory policies in some countries has strengthened investor confidence.

• Technical Level: Bitcoin has successfully broken through long-term key resistance levels and is positioned above important technical support lines, indicating that there is still potential for price increases in the future. Additionally, the continuous growth of Bitcoin's network hash rate provides a solid guarantee for its security.

• Market Sentiment Level: Discussions about Bitcoin on social media and financial forums have been heating up, with investor expectations spreading, forming a collective market force driving price increases.

• Institutional Investment Level: The launch of Bitcoin ETFs has provided a convenient and compliant investment channel for traditional financial institutions and investors, with many well-known institutions entering the market, bringing in significant capital inflows, enhancing Bitcoin's market recognition and liquidity.

Token Economic Model

The maximum supply of Bitcoin is 21 million coins, which cannot be changed, exhibiting strong anti-inflation characteristics. Approximately every four years, there is a halving event, after which the block rewards for miners are reduced by half, promoting Bitcoin's deflationary nature.

Risk Factors

• Regulatory Risk: The legal status of Bitcoin varies globally; countries like the United States and the European Union allow it as a legal investment asset, while in some countries (such as China), Bitcoin trading is strictly restricted, making the regulatory environment complex.

• Price Volatility Risk: Bitcoin's price is highly volatile; for instance, it surged significantly during the 2020-2021 bull market and then entered a consolidation phase. This high volatility may expose investors to substantial asset loss risks.

The above content is compiled from public information and does not constitute investment advice.

#阿布扎比稳定币 Abu Dhabi stablecoin refers to a stablecoin planned to be launched by Abu Dhabi's sovereign wealth fund ADQ, corporate group IHC, and First Abu Dhabi Bank (FAB), which is backed by the UAE Dirham. Here are some key information about it:

• Technical Support: This stablecoin will operate on the ADI blockchain developed by the ADI Foundation, aimed at providing reliable and trustworthy payment solutions for individuals, businesses, and institutions.

• Regulatory Status: This stablecoin will be fully regulated by the Central Bank of the UAE, reflecting the UAE's commitment to providing a secure and regulated environment for the use and trading of cryptocurrencies.

• Issuance Plan: It will be issued by the largest bank in the UAE, FAB, after obtaining approval from regulatory authorities.

• Application Scenarios: It can be used not only for traditional payments but will also support machine-to-machine and AI-driven transactions, targeting emerging fields such as autonomous finance and the Internet of Things.

This initiative reflects the UAE's ambition in the digital asset space, aiming to strengthen its digital infrastructure and consolidate the country's position at the forefront of global fintech innovation.

The Arizona Bitcoin Reserve refers to the Bitcoin reserve system planned to be established in the state of Arizona, USA.

On April 28, 2025, local time, the Arizona legislature passed two key bills. The first bill—Senate Bill 1025 (SB1025)—amends existing regulations to allow for the establishment of a strategic Bitcoin reserve, passing with 31 votes in favor and 25 against. It authorizes the Arizona State Treasurer to allocate up to 10% of public funds to virtual currencies such as Bitcoin. The other bill, SB1373, passed with 37 votes in favor and 19 against, establishing a digital asset strategic reserve fund managed by the State Treasurer, funded by seized assets and legislative appropriations, allowing for up to 10% investment in digital assets such as Bitcoin each fiscal year, and permitting borrowing without increasing risk.

These two bills are now submitted to Governor Katie Hobbs for signature, and if signed, Arizona will become the first state in the United States to officially establish a Bitcoin reserve.

#空投发现指南 Follow cryptocurrency news and social media

• News Media: Follow professional cryptocurrency news outlets like Coin Desk and Coin Telegraph, which report on various airdrop activities.

• Social Media: On platforms like Twitter and Reddit, follow cryptocurrency-related hashtags, groups, and well-known bloggers, such as the #cryptocurrencyairdrop tag, to get the latest airdrop news.

Join cryptocurrency communities and forums

• Blockchain Forums: Forums like Bitcointalk have dedicated sections for airdrop discussions, where project teams often post airdrop information.

• Telegram Groups: Join various cryptocurrency Telegram groups where members share airdrop information, and some project teams also conduct airdrop promotions directly in the groups.

Browse cryptocurrency airdrop websites

• Airdrop Alert: These websites specialize in collecting and organizing various cryptocurrency airdrop projects, categorized by time, airdrop coin type, etc., for user convenience.

• Coin Airdrop: Provides detailed introductions to airdrop projects, participation conditions, steps, and more, and also rates and filters airdrop projects.

Follow official websites and social media of blockchain projects

• Project Official Website: Directly visit the official websites of Bitcoin-related blockchain projects to check their announcements and news pages for any airdrop plans.

• Official Social Media Accounts: Follow the project's official social media accounts on Twitter, Facebook, Instagram, etc., as they will post airdrop information on these platforms as soon as it is available.

Please note that airdrops carry certain risks, such as potential scams or issues involving personal information leaks. When participating in airdrops, do not easily provide excessive personal sensitive information, and do not transfer funds to unknown addresses. If referring to other 'airdrops', please clarify the specific content for a more accurate response.

#特朗普税改 Main Content

• Individual Income Tax: The House version simplifies the federal individual income tax rate from 7 brackets to 4 brackets, with the highest federal individual income tax rate remaining unchanged at 39.6%; the Senate version still maintains 7 brackets, but the highest federal individual income tax rate is reduced to 38.5%.

• Corporate Income Tax: The corporate income tax is significantly reduced from 35% to 20%. For the $2.6 trillion in profits currently held overseas by multinational corporations to avoid taxes, only a one-time payment of 14% is needed to legally repatriate it to the U.S.

• Taxation System: The global taxation system is transformed into a territorial taxation system, exempting taxes on dividends from overseas subsidiaries. At the same time, a new 20% “excise tax” is added for multinational corporations to limit their ability to avoid taxes through internal transactions with branches outside the U.S.

Reasons for Reform

• Reducing the Wealth Gap in the U.S.: The Gini coefficient in the U.S. is relatively high, remaining above 0.46 in recent years, indicating a significant wealth gap. The tax reform aims to reduce the tax burden on American families, especially middle-class families.

• Encouraging Repatriation of American Companies' Overseas Profits: To encourage American companies to bring their overseas profits back to the U.S., the tax reform changes the taxation system from residence-based to territorial, lowering the cost of repatriating overseas profits.

• Boosting the U.S. Real Economy: Measures such as simplifying tax laws, lowering corporate taxes, reducing taxes for the middle class, and encouraging American companies to repatriate profits held overseas are aimed at boosting the U.S. real economy.

Impact

• On the U.S. Economy: While some argue that tax reform can stimulate economic growth and increase employment, many economists are skeptical, believing it may trigger higher inflation, increase budget deficits, and raise concerns about long-term effects.

• On the Global Economy: U.S. tax reform has an “externality” effect, potentially attracting global capital to the U.S., putting other countries under greater competitive pressure to attract businesses and investments, and even possibly triggering a global race to reduce taxes.

The #XRPETF XRP ETF is an exchange-traded fund that uses XRP as its underlying asset. Here is some information about it:

Launch of the world's first XRP ETF

• Basic Information: On April 25, 2025, Hashdex partnered with Genial Investimentos to launch the world's first XRP ETF on Brazil's B3 securities exchange, with the ticker symbol XRPH11. The ETF aims to track the NASDAQ XRP Reference Price Index and commits to allocating at least 95% of its net assets to XRP.

• Significance: It provides investors with a way to purchase XRP through a regulated and secure system, enhancing access to a diversified portfolio of safe investments within the realm of digital assets.

Impact on XRP Price

After the launch of the Brazil XRP ETF, the price of XRP rose over 8% in one day, approaching the $0.60 mark, and trading volumes on major exchanges surged by 22%, indicating strong market interest in the ETF.

Market Outlook

Standard Chartered Bank predicts that the XRP spot ETF is expected to be approved in the third quarter of 2025, which will attract more institutional investors and capital inflows. It is expected to release up to $8 billion in capital inflows within the first 12 months after approval, providing strong support for the price of XRP.

However, it should be noted that the cryptocurrency market is highly volatile and uncertain, and investing in the XRP ETF carries certain risks.

$ETH Below is the analysis of ETH:

Market Performance

• Price and Trading Data: As of April 11, 2025, the market capitalization of ETH is $187.97 billion, with a 24-hour volatility of 7.75%, a 24-hour trading volume of $19.02 billion, and a 24-hour trading amount of 12.19 million. From the 4-hour candlestick chart, the price shows some fluctuations, and the recent trading volume has decreased, indicating a decline in market activity.

• Technical Indicators: Based on MACD analysis, there is currently no significant trend in the market, with the MACD histogram remaining positive but gradually shortening, indicating weakening bullish momentum. The KDJ indicator shows a neutral value of 67. The value of MA10 is greater than that of MA30, indicating a downtrend and a divergence between volume and price.

Development Prospects

• Technological Innovation: Ethereum leads the creation and application of smart contracts, completing the 'merger' in 2022, transitioning from Proof of Work (PoW) to Proof of Stake (PoS), reducing energy consumption, and enhancing scalability and security. The upcoming Ethereum 2.0 upgrade will also introduce technologies such as sharding to further improve performance.

• Application Ecosystem: As the infrastructure for Web3 and decentralized applications (DApps), it is at the core of DeFi, NFT, DAO, and other fields. It supports a large number of practical applications, covering various areas such as financial services and NFT markets, with a wide and continuously growing application scope, high community activity, and a large developer and user base.

• Market Capitalization Potential: ETH currently ranks second in market capitalization among cryptocurrencies, only behind BTC. With the expansion of Web3 and DeFi, its extensive ecosystem support and innovative potential make it considered to have significant room for market capitalization growth.

Risk Factors

#特朗普暂停新关税 Price Increase: On April 10, after Trump announced a 90-day suspension of "reciprocal tariffs" on multiple countries or regions, cryptocurrencies like Bitcoin collectively surged. The suspension of tariffs alleviated global trade tensions and improved macroeconomic risk sentiment, leading to an increased investor preference for risk assets, which boosted the prices of risk assets including cryptocurrencies.

• Enhanced Market Confidence: Trump's suspension of new tariffs and clear indication of no intention to dismiss Powell eased market concerns about sudden policy risks and damage to the independence of monetary policy. This macro-level "de-risking" signal strengthened investor confidence in the cryptocurrency market, making investors more willing to hold or buy cryptocurrencies.

• Changes in Correlation with Traditional Financial Markets: Previously, there was a strong positive correlation between cryptocurrencies and the Nasdaq 100 index. When Trump introduced reciprocal tariffs, causing turmoil in global financial markets, cryptocurrencies also fell. After the suspension of tariffs, if global financial markets stabilize or recover, this close correlation between cryptocurrencies and traditional financial markets may continue, and the cryptocurrency market may show signs of rising or stabilizing in line with traditional financial market trends.

However, the cryptocurrency market is still influenced by various factors such as regulatory policies, technological developments, and market manipulation, and its future direction remains uncertain.

More and more financial institutions and companies are focusing on blockchain technology. Ethereum, in order to attract institutional participation, will strengthen compliance, collaborate with regulatory authorities, and promote the formulation and improvement of relevant regulations.

Regarding price and investor sentiment

As of April 23, 2025, the price of Ethereum fluctuates around $1500 - $1800, having experienced a maximum decline of 65% in the past year, with a total market capitalization of $216 billion and a market share dropping to 7.4%. The asset management scale of Ethereum spot ETFs has fallen to $45.7 billion, setting a historical low, reflecting insufficient confidence from institutional investors, and a significant decline in network activity as well.

Overall, if Ethereum can successfully implement its technical roadmap, address issues such as community consensus division and scalability, effectively respond to regulatory challenges, while maintaining technological innovation and being responsive to market dynamics, it is still expected to regain growth momentum in the future.

#以太坊的未来 Technical Upgrade Aspects

• Pectra Upgrade: Scheduled for release on May 7, 2025, it will enhance scalability, efficiency, and security. It will improve transaction processing capabilities through PeerDAS and Verkle Trees technology, optimize data storage to reduce node operation costs, and utilize hash tree technology to accelerate network synchronization speed. It will also reduce network congestion to lower gas fees, enable account abstraction, and allow users to pay gas fees using stablecoins, among other features.

• RISC - V Proposal: Vitalik has proposed replacing the Ethereum Virtual Machine (EVM) with RISC - V technology, an open-source instruction set architecture that can handle complex computations more efficiently and is suitable for zero-knowledge proof technology. If implemented, it is expected to enhance Ethereum's execution efficiency by 100 times, significantly reduce transaction costs, and make privacy transactions and cross-chain functionalities more practical. However, this is a long-term vision that will require gradual implementation over 2-3 years.

Market Competition Aspects

Although Ethereum still leads in the DeFi space with a total locked value (TVL) of $65 billion, its advantage is being eroded, with competitors like Solana and BNB Chain having TVLs of $9 billion and $7.3 billion, respectively. Solana outperformed all other chains in revenue performance in the first quarter of 2025, with daily active users and transaction volumes far exceeding those of Ethereum.

Ecosystem Aspects

Ethereum has a solid underlying architecture and a vibrant developer ecosystem. Smart contracts and decentralized applications (DApps) are its core advantages, and it is expected that more enterprises and individuals will participate in development and application in the future, driving ecosystem prosperity. However, the current fragmentation of Layer 2 networks has disrupted user experience and on-chain liquidity, eroding composability advantages and weakening Ethereum's control over its own ecosystem.

Regulatory Policy Aspects

An increasing number of financial institutions and enterprises are focusing on blockchain technology. To attract institutional participation, Ethereum will strengthen compliance, collaborate with regulatory agencies, and promote the formulation and improvement of relevant regulations.

$TRUMP TRUMP Coin is a cryptocurrency associated with former U.S. President Trump, and its emergence is closely related to Trump's political influence and public attention.

Market Performance

• Price Volatility: The price of TRUMP Coin is highly volatile. For example, after the official announcement regarding the Trump dinner on April 23, its price surged to $14.70, reaching a new high since March, with an intraday increase of over 50%. However, such price increases are often based on short-term speculation and hot events; at other times, the price may significantly drop due to market sentiment, regulatory dynamics, and other factors.

• Market Capitalization Changes: Its market capitalization is influenced by price fluctuations and market circulation. When prices rise and market trading is active, the market capitalization will correspondingly increase; conversely, it will decrease. However, compared to mainstream cryptocurrencies like Bitcoin and Ethereum, the market capitalization of TRUMP Coin is relatively small.

Influencing Factors

• Trump-Related Events: Trump's words and actions, political activities, and news reports related to him all impact TRUMP Coin. For example, news about the Trump dinner can stimulate its price increase, as it enhances the topicality and attention of this cryptocurrency.

• Market Sentiment and Speculative Psychology: The overall sentiment in the cryptocurrency market and investors' speculative psychology greatly affect TRUMP Coin. When the market holds an optimistic view of cryptocurrencies, investors may chase the trending TRUMP Coin; conversely, when market sentiment shifts, panic selling by investors can lead to significant price fluctuations.

• Regulatory Environment: Changes in regulatory policies in the cryptocurrency sector are also crucial for TRUMP Coin. If regulatory agencies strengthen oversight of cryptocurrencies, it may raise concerns in the market about the legality and security of TRUMP Coin, thereby affecting its price and market capitalization.

Risks and Challenges

1. Ethereum: Ranked second in market capitalization, it is an open-source public blockchain platform with smart contract functionality, widely used in various applications including decentralized finance, non-fungible tokens, and supply chain management.

2. Cardano: Ranked third in market capitalization, it is a decentralized public blockchain and cryptocurrency project known for its research-driven development approach and emphasis on sustainability, interoperability, and security.

3. Polkadot: Ranked fourth in market capitalization, it is a cross-chain protocol that achieves interoperability between different blockchains through its unique parachain and relay chain architecture.

4. Litecoin: Ranked fifth in market capitalization, it is a digital currency based on blockchain technology, popular for its fast transaction confirmation times and low transaction fees.

5. Binance Coin: Ranked sixth in market capitalization, it is the digital currency issued by Binance, the largest cryptocurrency exchange in the world, primarily used for paying transaction fees, participating in platform governance, and obtaining discounts, among other uses.

6. Solana: Ranked seventh in market capitalization, it is a high-performance blockchain platform known for its high throughput and low latency, widely used in the fields of NFTs and gaming.

7. Shiba Inu: Ranked eighth in market capitalization, it is a decentralized digital currency based on Ethereum, noted for its community-driven nature and fun appeal.

8. Chainlink: Ranked ninth in market capitalization, it is a decentralized oracle network that provides real-world data to smart contracts, widely used in applications such as DeFi and insurance.

9. Cosmos:

#TRUMP晚宴 Short-term Price Fluctuation

After the announcement of the dinner news, the price of TRUMP Coin surged significantly. For example, after the official announcement of the dinner-related news on April 23, the price of TRUMP Coin soared to $14.70, reaching a new high since March, with an intraday increase of over 50%. This was mainly due to the scarcity of the dinner and Trump's celebrity effect, attracting the attention and speculative demand of investors.

Increased Market Attention

This event has sparked widespread attention and discussion in the cryptocurrency market, making TRUMP Coin a hot topic and drawing more people to the cryptocurrency field. Related media reports and the spread on social media have increased the exposure of the crypto market, potentially attracting more prospective investors into the market.

Reflecting Regulatory Issues

The dinner event highlights the regulatory gray area brought about by the combination of political figures and cryptocurrencies. The Trump administration's pro-crypto policies and the Trump family's commercial activities in the crypto market have raised questions about conflicts of interest and market manipulation, which may prompt regulatory agencies to strengthen their scrutiny and regulation of the crypto market.

However, the impact of the dinner on the crypto market has certain limitations, mainly concentrated in the TRUMP Coin and related meme coin sectors, with a relatively limited effect on the entire crypto market. Moreover, this influence is more based on short-term hype and speculation; in the long run, the development of the crypto market still depends on factors such as technological innovation, the expansion of application scenarios, and the stability of regulatory policies.