Markets enter the "bull market" after the trade agreement between the US and China
Markets enter the "bull market" after the trade agreement between the US and China
Market indices closed today with significant gains following the announcement of a trade agreement between the United States and China. The Nasdaq index rose sharply and returned to bull market levels, after hitting its lowest levels in April. The details of the agreement were surprising to many investors and observers, especially since expectations were pointing to a reduction in tariffs to around 40%. Due to this positive atmosphere, liquidity shifted from gold to high-risk assets, in an attempt to benefit from the rise.
President Trump's tweet now regarding the trade negotiations between the American delegation and the Chinese delegation today in Switzerland.
"Our meeting today with China in Switzerland was very fruitful. We discussed many issues and agreed on a lot. A comprehensive reset of relations was negotiated in a friendly yet constructive manner. We want to see, in the interest of both China and the United States, a Chinese openness to American companies. Significant progress has been made!"
Binance Founder 'CZ': 99.99% of Cryptocurrency AI Project Tokens are 'Useless' In a new statement, Changpeng Zhao (CZ), the founder of the Binance platform, emphasized that AI projects in the crypto world need to have real value and practical benefits, confirming that the vast majority of tokens from these projects — about 99.99% — are 'useless'. CZ's remarks came during a recent conference, where he stressed the importance of moving away from launching tokens solely for speculative purposes, and instead focusing on developing AI-driven tools that provide real solutions for users.
In just 100 days, Trump turned the American economy into a battlefield of trade wars, with tariff strikes raining down on friends and foes alike indiscriminately. He pledged to lower prices, but failed to make any tangible progress, instead increasing the suffering of citizens with rising living costs. 🔴 Global Trade War: - Imposed a 145% tariff on Chinese imports, triggering panic in the markets. - American securities lost trillions of dollars in value. - Shipments of goods from China to America dropped by 60%, threatening to collapse supply chains. 📉 Economy on the Brink: - The odds of an economic recession have jumped to 70%, according to experts. - Consumer confidence is at its lowest level since 1952! - 60% of Americans complain about rising prices, while only 12% see improvement. 💣 Rising Public Anger: - 59% of Americans believe Trump's policies have destroyed the economy. - Airlines are canceling flights, and businesses are freezing their investments out of fear for the future. - Even "MAGA" supporters are questioning the promises of industrial revival. 🛑 The question now is: Can America endure more of Trump's policies? The world is watching... and citizens are paying the bill!
The International Football Federation (FIFA) is launching its own blockchain series compatible with the Electronic Value Machine (EVM), which will host its non-fungible token (NFT) collections and fan experiences. FIFA plans to transfer its dedicated fan non-fungible token (NFT) collection to a new decentralized network called FIFA Blockchain. The new network will host FIFA's non-fungible tokens (NFT), which were initially minted on the Algorand platform and then expanded to the Polygon platform. $XRP $USDC #FIFARivals #FIFAcoin
Speculation is growing about Elon Musk's readiness to invest a massive amount of $104 billion in #XRP, with talks of a potential partnership with Ripple to support payments X, "the everything app".
Meanwhile, #XRPL is preparing to support $1 trillion in decentralized finance volume on the network.