syedfawadh

#Binancealphaalert
Binance Alpha is a platform within the Binance ecosystem that showcases early-stage crypto projects with growth potential in the Web3 space. It serves as a pre-listing token selection pool, designed to enhance transparency in the token consideration process for Binance Exchange listings. Here's what you need to know:
*Key Features:*
- *Spotlight on Innovation*: Explore tokens gaining traction in Web3, providing insights into promising projects.
- *Expert Curation*: Tokens are carefully selected using Binance's industry expertise and advanced insights.
- *Stay Informed*: Follow Binance Wallet's official social media channels for regular updates on Binance Alpha.
*How Binance Alpha Works:*
- *Preparation*: Create a Binance Wallet, back it up, and update your Binance App to the latest version.
- *Pre-Launch*: Watch for announcements on Binance's official social channels, and ensure you have enough balance in the main chain's native token.
- *Announcement*: Tokens go live in batches for a limited time (24 hours), allowing users to explore project details and purchase tokens using the Quick Buy feature.
*Benefits:*
- *Discover Emerging Projects*: Get early access to promising crypto projects.
- *Potential Listings*: Some tokens showcased on Binance Alpha may be considered for listings on Binance Exchange.
- *Alpha Points*: Users can earn points by participating in Binance Alpha activities, which can be used to participate in exclusive events or claim airdrops.

#BTCBreaksATH110K
Bitcoin has indeed broken its all-time high, reaching nearly $110,000. According to recent data, Bitcoin's price surged to $109,845 after breaching previous highs, driven by increased adoption and bullish momentum. This surge has pushed Bitcoin's market capitalization to over $2 trillion.
*Key Factors Contributing to the Surge:*
- *Increased Adoption*: Growing demand and adoption of Bitcoin have fueled the price surge.
- *Bullish Momentum*: Technical indicators, such as the Relative Strength Index (RSI) and moving averages, suggest strong buying pressure and a potential for further growth.
- *Institutional Investment*: Record-breaking inflows into Bitcoin ETFs and investments from high-profile entities have contributed to the price increase.
- *Whale Accumulation*: Large holders, or "whales," have increased their Bitcoin holdings, signaling confidence in the asset's potential for further growth ¹ ².
*Potential Price Targets:*
- *$119,000*: Analysts predict that Bitcoin's price could reach $119,000 based on current trends and technical indicators.
- *$120,362*: The $161.8% Fibonacci extension level could act as a potential target for Bitcoin's price.
- *$139,683*: The 261.8% Fibonacci extension level could be a long-term target, although this is more speculative.
*Market Outlook:*
- *Bullish Sentiment*: The overall market sentiment remains bullish, with traders and investors optimistic about Bitcoin's potential for further growth.
- *Resistance Levels*: Bitcoin faces resistance at $110,000, and breaking above this level could trigger further buying pressure and liquidations of short positions.
- *Support Levels*: Key support levels, such as $106,119 and $104,584, are crucial in determining the sustainability of the current uptrend.
$BTC $BNB

#DinnerWithTrump
What to expect at Trump’s memecoin dinner
A potential attendee of the May 22 event told Cointelegraph his purchase of TRUMP's memecoin was "not political."
On May 22, US President Donald Trump is expected to host up to 220 people who had purchased the most significant quantities of his memecoin at a private event in Washington, DC.

Though the exact number of attendees was unknown as of May 19, reports and blockchain data have revealed some of the tokenholders who qualified to apply for the May 22 dinner and “VIP tour” and reception, presumed to be in the White House. Bloomberg reported on May 7 that more than half of the 220 wallets were likely controlled by foreign nationals.

Among the memecoin dinner applicants, who likely still face background checks ahead of getting a confirmed appearance before the president, included Synthetix founder Kain Warwick, a consultant named Vincent Deriu, and crypto user Morten Christensen, who reportedly only paid $1,200 for the opportunity.

Others included a World Liberty Financial adviser going by the pseudonym “Ogle,” and a representative from the Singapore-based startup MemeCore. Cointelegraph has also learned that Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, plans to attend.

Trump’s memecoin, even before the announced dinner and reception, was criticized by many members of Congress.

Some lawmakers said the president was opening the White House up to potential bribes and conflicts of interest by allowing people, perhaps tied to foreign governments, to put money directly into his pockets without transparency.

#TariffsPause What does Trump's tariff pause mean for global trade?

There has been a historic upheaval in American trade policy.

The announcement of Donald Trump's so-called "reciprocal tariffs" on 2 April - what he called "liberation day" - sent a shockwave through the global trading system and financial markets.

And the President's 90-day pause on some of these tariffs on 9 April set off a relief rally in stock markets.

But where has the rollercoaster of new US tariff announcements - and partial reversals - actually left the situation?

And what will it all mean for global trade?

What does the pause mean?

The announced pause only applies to some of the new tariffs - taxes on imports - that Donald Trump announced on 2 April.

The new minimum 10% tariff rate, which came into effect on Saturday 5 April, is still in place for goods coming from all countries, including the UK.

There are exemptions for pharmaceuticals and microchips and some other items.

But that 10% tariff in itself is a major change in America's trading relations with all other countries.

And for China, the rate will not fall at all but will be hiked further to 125%, plus another 20% linked to the drug fentanyl.

Nevertheless, the pause means the rates above 10% for 59 other territories will be suspended until July.

That includes 46% on Vietnam, 44% on Sri Lanka and 20% on the European Union.

What about Trump's other tariffs?

Numerous other tariffs Trump has announced since returning to the White House remain in place and are not affected by the pause.

That includes:

25% tariffs on all car imports to America, including from the UK

25% tariffs on steel and aluminium imports, including products made from these metals

25% tariffs on many imports from Mexico and Canada.

In big picture terms, economists warn the extent to which the pause actually changes the direction of overall US trade policy should not be exaggerated.

Bloomberg Economics has calculated the US's average tariff on all its imports was set to go to 27% before the pause, the highest in more than 100 years.

$ETH Ethereum (ETH) is a decentralized platform for applications, enabling smart contracts. Its native cryptocurrency, ether (ETH), facilitates transactions and computational services. Ethereum was proposed in 2013 by Vitalik Buterin and launched in 2015. Unlike Bitcoin, Ethereum supports smart contracts, automating agreements. A significant hack of Bybit resulted in the theft of over $1.4 billion in ETH.

Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.

Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.

$ETH $ETH Ethereum (ETH) is a decentralized platform for applications, enabling smart contracts. Its native cryptocurrency, ether (ETH), facilitates transactions and computational services. Ethereum was proposed in 2013 by Vitalik Buterin and launched in 2015. Unlike Bitcoin, Ethereum supports smart contracts, automating agreements. A significant hack of Bybit resulted in the theft of over $1.4 billion in ETH.

Ethereum was conceived in 2013 by programmer Vitalik Buterin.[4] Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Other founders include Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015.[6] Ethereum allows anyone to deploy decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide financial instruments that do not directly rely on financial intermediaries like brokerages, exchanges, or banks. This facilitates borrowing against cryptocurrency holdings or lending them out for interest.

Ethereum also allows users to create and exchange non-fungible tokens (NFTs), which are tokens that can be tied to unique digital assets, such as images. Additionally, many other cryptocurrencies utilize the ERC-20 token standard on top of the Ethereum blockchain and have utilized the platform for initial coin offerings.

#EthereumFuture People often discuss the trending and most popular cryptocurrency, Bitcoin, in virtual or digital assets. Still, they also closely monitor Ethereum, the world’s second-largest cryptocurrency. ETH is undoubtedly overshadowed by the world’s largest cryptocurrency, BTC, but it has plenty to offer.

Crypto enthusiasts generally consider ETH much more than just a digital token and believe it has a vast intrinsic value that offers unique earning opportunities for its investors. As of Dec. 13, 2024, the current value of Ethereum is $3,914; ETH has risen by over 7.50%, reaching around $3,940 yesterday.
The surge occurred alongside Bitcoin’s return above the $100,000 level, driven by U.S. economic data hinting at a possible rate cut in December. The overall crypto market experienced a rise after the 2024 U.S. presidential election and Trump’s victory. 

Let’s examine this guide to determine Ethereum’s future and whether it will continue to gain momentum in the coming years.
What Is Ethereum?

The world’s largest altcoin and the second-largest cryptocurrency, Ethereum, holds significance beyond being just a crypto token. It is widely recognized outside the crypto community for its advanced features and innovative blockchain solutions.

ETH operates as an open-source blockchain with smart contract functionality, primarily applied in decentralized finance (DeFi). Ethereum functions more like a continually updated network maintained by validators who receive ETH as compensation for their contributions and efforts.

$BTC Section 1.  Background.  Bitcoin is the original cryptocurrency.  The Bitcoin protocol permanently caps the total supply of bitcoin (BTC) at 21 million coins, and has never been hacked.  As a result of its scarcity and security, Bitcoin is often referred to as “digital gold”.  Because there is a fixed supply of BTC, there is a strategic advantage to being among the first nations to create a strategic bitcoin reserve.  The United States Government currently holds a significant amount of BTC, but has not implemented a policy to maximize BTC’s strategic position as a unique store of value in the global financial system.  Just as it is in our country’s interest to thoughtfully manage national ownership and control of any other resource, our Nation must harness, not limit, the power of digital assets for our prosperity.  

     Sec. 2.  Policy.  It is the policy of the United States to establish a Strategic Bitcoin Reserve.  It is further the policy of the United States to establish a United States Digital Asset Stockpile that can serve as a secure account for orderly and strategic management of the United States’ other digital asset holdings.

     Sec. 3.  Creation and Administration of the Strategic Bitcoin Reserve and United States Digital Asset Stockpile.  
     (a)  The Secretary of the Treasury shall establish an office to administer and maintain control of custodial accounts collectively known as the “Strategic Bitcoin Reserve,” capitalized with all BTC held by the Department of the Treasury that was finally forfeited as part of criminal or civil asset forfeiture proceedings or in satisfaction of any civil money penalty imposed by any executive department or agency (agency) and that is not needed to satisfy requirements under 31 U.S.C. 9705 or released pursuant to subsection (d) of this section (Government BTC).  Within 30 days of the date of this order, each agency shall review its authorities to transfer any Government BTC held by it to the Strategic Bitcoin Reserve...

$TRUMP Trump and the dollar: what it means for the US and the rest of the world

It is difficult to know exactly what US President-elect Donald Trump will do when he takes office in January. But he is all but guaranteed to pursue tax cuts and increased infrastructure spending. As a result, financial markets are anticipating faster growth in the United States – a perception that is boosting the dollar’s exchange rate against most currencies, including the renminbi, and triggering capital flight from emerging economies.

Notwithstanding Trump’s vow to impose tariffs on China, a resurgent dollar will hurt America’s trade competitiveness. After all, according to the International Monetary Fund, the dollar was already about 10-20% overvalued in June.

But that is not all. While trade is supposed to be the primary driver of exchange rates, which should rise or fall to correct countries’ external imbalances, capital flows have grown to the point that their role in guiding exchange rates is now much larger. In this context, market optimism about US growth could lead to ever-larger imbalances and possibly disrupt the international monetary system.

In 2010, former Bank of England Governor Mervyn King famously used the game of Sudoku to depict global savings imbalances, highlighting that the numbers in the table cannot be chosen independently. If, for example, all countries want to achieve full employment, and high-saving countries target a trade surplus, the low-saving countries cannot target a lower trade deficit. So when former US Federal Reserve Chair Ben Bernanke blamed the loss of monetary control in the US on the “surplus saving” countries, he had a point – at least with regard to trade flows.

What is missing from this assessment are investment flows. In fact, we can also fill in a Sudoku table showing the stock of net foreign investment claims by non-reserve-currency countries on reserve-currency countries, mainly the US and the United Kingdom.

#BTCvsMarkets A Tale of Two Investments

Bitcoin (BTC) and traditional financial markets, such as stocks and bonds, represent distinct investment landscapes. While both offer opportunities for growth, they differ significantly in characteristics, risks, and potential rewards.

Bitcoin, the pioneer of cryptocurrencies, operates on a decentralized network, free from central authority. This autonomy grants it unique features like 24/7 trading and resistance to inflation. However, it also introduces high volatility and regulatory uncertainties.

Traditional markets, on the other hand, are regulated and established, providing a sense of stability. Stocks, for instance, represent ownership in companies, offering potential dividends and capital appreciation. Bonds, as debt instruments, provide fixed income and are considered less risky.

The choice between BTC and traditional markets depends on individual risk tolerance and investment goals. Bitcoin appeals to those seeking high-risk, high-reward opportunities, while traditional markets suit investors preferring stability and lower risk.

In recent years, Bitcoin has gained traction as an alternative asset, with some investors allocating a portion of their portfolio to it. However, it's crucial to acknowledge the inherent risks and conduct thorough research before investing in either BTC or traditional markets.

#DinnerWithTrump Trump invites top buyers of meme coin to dinner at golf club

$TRUMP has generated $350 million in fees, Chainalysis says

White House eases enforcement as Trump family pivots to crypto

NEW YORK, April 23 (Reuters) - President Donald Trump's meme coin surged more than 60% on Wednesday after a post announcing "the most EXCLUSIVE INVITATION in the world" promised the top 220 buyers of $TRUMP a private gala dinner with the president on May 22.

In addition to the dinner at Trump National Golf Club in Washington, D.C., the top 25 holders would get "an ultra-exclusive private VIP reception with the President" as well as a "Special Tour," according to the announcement.
The post on a website promoting the $TRUMP coin is the latest in a flurry of cryptocurrency-related forays undertaken by Trump and his family that have garnered them hundreds of millions of dollars in fees alone.

Trump family ventures include a new crypto exchange, World Liberty Financial, as well as a pivot to crypto finance by Trump Media & Technology Group (DJT.O), opens new tab, the social media company in which the president holds a $3 billion stake.

Trump has promised to be America's first "crypto president," and his administration has moved swiftly to scale back crypto enforcement and ease the industry's regulatory framework.

$ETH
Ethereum has become a popular investment vehicle and store of wealth (and can be used, like Bitcoin, to send or receive value without an intermediary).

The Ethereum blockchain allows developers to build and run a huge variety of applications: everything from games and advanced databases to complex decentralized financial instruments — meaning that they don’t require a bank or any other institution in the middle. 

Ethereum-based apps are built using “smart contracts.” Smart contracts, like regular paper contracts, establish the terms of an arrangement between parties. But unlike an old-fashioned contract, smart contracts automatically execute when the terms are met without the need for either participating party to know who is on the other side of the deal — and without the need for any kind of intermediary. 

Ethereum, like Bitcoin, is an open source project that is not owned or operated by a single individual. Anyone with an internet connection can run an Ethereum node or interact with the network.

Much like Bitcoin’s decentralized blockchain allows any two strangers, anywhere in the world, to send or receive money without a bank in the middle, smart contracts running on Ethereum’s decentralized blockchain allow developers to build complex applications that should run exactly as programmed without downtime, censorship, fraud, or third-party interference. 

Popular Ethereum-based innovations include stablecoins, decentralized finance apps (collectively known as DeFi), and other decentralized apps (or dapps).

What’s the difference between Ethereum, Ether, and ETH?

Ethereum is the name of the network. “Ether” is the native cryptocurrency token used by the Ethereum network. That said, in day-to-day usage most people call the token “ETH” (or just “Ethereum”). As a way of sending, receiving, or storing value ETH works much like Bitcoin. But it also has a special role on the Ethereum network. Because users pay fees in ETH to execute smart contracts, you can think of it as the fuel that keeps the whole thing running

#MarketRebound
The Dow Jones Industrial Average surged more than 1,000 points Tuesday, erasing losses incurred the day before as word spread from  President Donald Trump's administration that the trade war with China is expected to ease. Tesla (TSLA) bolted higher on the stock market today with its earnings report coming after the close.

The Dow Jones index surged 2.7%, or 1,016 points, in the wake of Monday's 971-point drop. The S&P 500 climbed 2.5% Tuesday afternoon as the benchmark index neared the 5,300 level.

Volume was higher on both the Nasdaq and New York Stock Exchange compared with the same time Monday. On the Nasdaq exchange, rising stocks topped falling issues by nearly 5-to-1. On the NYSE, gainers trounced losers 10-to-1.

The benchmark 10-year Treasury bond yield dipped to 4.4%. Oil prices jumped to $64.20 a barrel. Bitcoin surged to more than $91,200.

$BTC Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, the bitcoin white paper was published in 2008 by an unknown entity under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation.  In 2021, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by some scholars as an economic bubble.As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.
Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, making it practically impossible for one person to spend another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret.

Consensus between nodes about the content of the blockchain is achieved using a computationally intensive process based on proof of work, called mining, which is typically performed by purpose-built computers called miners. These miners don't directly act as nodes, but do communicate with nodes. The mining process is primarily intended to prevent double-spending and get all nodes to agree on the content of the blockchain, but it also has desirable side-effects such as making it infeasible for adversaries to stifle valid transactions or alter the historical record of transactions, since doing so generally requires the adversary to have access to more mining power than the rest of the network combined. It is also used to regulate the rate at which new bitcoin is issued and enters circulation. Mining consumes large quantities of electricity and has been criticized for its environmental impact.

#SaylorBTCPurchase
Strategy ends quarter with biggest Bitcoin purchase of year

Michael Saylor is the founder and chairman of Microstrategy.

Michael Saylor’s Strategy bought $1.9 billion of Bitcoin, the largest acquisition of the cryptocurrency in terms of tokens by the firm this year. 

The purchase, the latest in a series of almost weekly acquisitions of the cryptocurrency since late October, increased the dot-com-era software maker turned leveraged Bitcoin proxy’s holding of the digital asset to around $43.4 billion. That is about 2.5% of all the 21 million in tokens slated to be issued. 

The former MicroStrategy purchased 22,048 Bitcoin at an average price of approximately $86,969 from March 24 through March 30, according to a filing with the U.S. Securities and Exchange Commission on Monday.

In the first quarter, the Tysons Corner, Virginia-based company spent $7.79 billion on Bitcoin, according to data compiled by Bloomberg. The next largest purchase as measured by tokens was 20,356 announced on Feb. 24. Strategy announced nine purchases during the first quarter. 

Strategy financed the latest purchase with proceeds raised through its common shares at-the-market sales program and preferred shares offerings. 

The common shares of Strategy have surged about 2,200% since Saylor began investing the company’s cash into Bitcoin as a hedge against inflation in 2020. Bitcoin is up over 600% during the same period. 

Hedge funds have been driving some of the demand for the convertible debt that’s been doled out in public offerings, as they seek out Strategy for trades that incorporate buying the bonds and selling the shares short, essentially betting on the underlying stock’s volatility.

$BTC
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/BTC/USD: Bitcoin Gains 3% to Top $87,500 as Trump vs Powell Clash…



BTC/USD: Bitcoin Gains 3% to Top $87,500 as Trump vs Powell Clash Sends Crypto Higher

Apr 21, 2025, 17:40 GMT+51 min read

BTCUSD+2.98%ETHUSD+1.84%

Key points:

Bitcoin tops $87,500 as Trump vs. Powell fuels deals

Crypto market adds 3% in value, volume surges 40%

Traders reenter risk assets as Fed uncertainty looms

Crypto is a risk asset class and, as such, it tends to benefit from lower interest rates. Such prospects helped lift the price of Bitcoin on Monday.

📣 Bitcoin Rallies as Trump-Powell Feud Gets Real

Bitcoin’s back on the move and the headlines are doing the heavy lifting. Bitcoin BTCUSD gained 3% on Monday, cruising past $87,500 as traders digested the brewing conflict between President Donald Trump and Fed Chair Jay Powell, a political standoff that’s rekindling bets on lower interest rates.

Crypto is very much a risk-on asset, and in this case, the risk is political — but the trade is familiar. When rate cut odds rise, Bitcoin tends to follow. And with Trump openly criticizing Powell for not slashing rates fast enough — and actively pursuing the idea of replacing him — markets are starting to price in policy shake-up potential at the Federal Reserve.

⚖️ Fed Independence Questioned

“If we had a Fed Chairman that understood what he was doing, interest rates would be coming down too,” Trump said on Friday. “The president and his team will continue to study that matter,” White House economic adviser Kevin Hassett said in response to a question whether firing Powell “is an option.”

Under the law, the Fed chief can’t be fired by the President. “We’re not removable except for cause,” Powell said. “Fed independence has pretty broad support across both political parties and on both sides of the hill.”

📊 Crypto Volume Surges as Traders Engage

Besides Bitcoin, which hit a three-week high, other digital assets also got a lift. Ethereum ETHUSD, the second-largest coin, was up about 3%.

#USChinaTensions US-China Tensions: A Modern ‘Great Game’

Contemporary US-China tensions are often likened to the Cold War competition between the United States and the USSR. However, the rivalry also mirrors “The Great Game,” an intense 19th-century contest between the British and Russian Empires in Central Asia. Both empires saw this region as strategically crucial — Britain aimed to protect its colonial interests in India, while Russia sought to expand southward, threatening British India. The “game” involved diplomatic maneuvers, espionage, and occasional military confrontations, with both powers vying for dominance in Afghanistan, Persia (modern-day Iran), and Tibet. The Great Game combined open conflict with subtler tactics like forming alliances with local rulers, espionage, and propaganda.

This new Great Game between the United States and China, much like the original version, is about controlling strategic territories and influence. However, the scope today is far greater, as US-China tensions spill into the fields of economic, technological, and military power, with both nations vying for influence across key regions like the Indo-Pacific and Africa. China is forming economic alliances through initiatives such as the Belt and Road Initiative (BRI), the Shanghai Cooperation Organization (SCO), and BRICS. Meanwhile, the United States has established countless bilateral trade and defense agreements with countries across the Indo-Pacific and Europe, while also leading groupings such as NATO, NORAD, the Quad, the Five Eyes, and AUKUS.

The United States has established 750 military bases or facilities in 80 countries around the world. In contrast, China officially has only one overseas base, in Djibouti, and a permanent naval facility in Cambodia. However, the PLA also operates spy stations in Cuba and Myanmar, as well as a space station in Argentina. The PLA Navy makes frequent ports of call in Bangladesh, Sri Lanka, Pakistan, and other nations.

#BTCRebound Bitcoin Rebounds as Trump’s Push Against Powell Weakens Dollar

Bitcoin rallied to its highest level since Donald Trump’s “Liberation Day” tariff announcements as the dollar slumped amid renewed fears over the US president’s efforts to remove Federal Reserve Chairman Jerome Powell.

The largest cryptocurrency by market value jumped about 3% to top $87,600 on Monday morning in Singapore, according to data compiled by Bloomberg. That erased most of the losses sustained since Trump’s April 2 reciprocal tariff announcement, which plunged global markets into turmoil.

The rebound comes as the dollar and US stock-index futures fell Monday after the president’s criticism of the Federal Reserve raised concerns over its independence. A gauge of the dollar hit its lowest point since January 2024 after the National Economic Council Director Kevin Hassett said Friday that Trump is studying whether he’s able to fire Powell.

Bitcoin’s recovery coincided with another surge in gold, which climbed to a fresh record, further highlighting investor demand for perceived safe-haven and inflation-hedging assets.

“USD weakness is driving the rally in crypto,” said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX. He added, however, that “thin holiday liquidity” in crypto markets “is causing the move to be exaggerated.”

$TRX TRX is the cryptocurrency token for TRON, a blockchain platform aimed at creating a decentralized internet. The current price of TRX is approximately $0.244 per token, with a market capitalization of around $23.20 billion. The token is used for transactions within the TRON ecosystem and to interact with decentralized applications (DApps) built on the platform. 

Here's a more detailed breakdown:

TRON (TRX): A cryptocurrency token designed to fuel the TRON blockchain. 

Decentralized Internet: TRON aims to be the infrastructure for a decentralized version of the internet. 

Price: The live price of TRX is approximately $0.244 per token. 

Market Cap: The market capitalization of TRON is around $23.20 billion. 

Use Cases: TRX is used for transactions within the TRON network and to interact with DApps on the platform. 

Total Supply: The total supply of TRX is limited to 100 billion tokens. 

TRON (TRX) is a decentralized blockchain-based operating system developed by the Tron Foundation and launched in 2017. Originally TRX tokens were ERC-20-based tokens deployed on Ethereum, but a year later they were moved to their own network.

Initially, the project was created with the aim of providing full ownership rights to makers of digital content. The main goal is to help content creators (who receive only a small part of the income) and encourage them with more rewards for their work. How: invite content consumers to reward content makers directly (without intermediaries like YouTube, Facebook or Apple).

#TRXETF Canary Capital has filed for a U.S. spot ETF that would track the price of Tron’s TRX token and include staking.

The proposed fund would use third-party providers for staking and BitGo as custodian, with pricing data from CoinDesk Indices.

The SEC has previously resisted staking features in crypto ETFs, though the current leadership may be more open to them.

The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.

This would be done through third-party providers, with BitGo acting as custodian for the assets. The fund would track TRX’s spot price using CoinDesk Indices calculations.

A proposed ticker as well as the management fee for the product have not been shared yet.

Issuers had initially filed applications for spot ethereum (ETH) ETFs with the staking feature included but removed them in an amended filing later in order to receive approval from the SEC on their proposals.