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Share link:In this post: Donald Trump announced the launch of his official Trump Coins minted in America. The President Donald J. Trump First Edition Silver Medallion will be available starting Wednesday, 9/25/24. DJT also launched his family’s crypto venture, World Liberty Financial, which is designed as a lending and borrowing crypto venture.
Share link:In this post: Trump went from calling Bitcoin a scam to raising $25 million from crypto donations, but his pro-crypto stance probably won’t last if he wins. His plans to create a national Bitcoin stockpile and advisory council sound are full of risks, especially given his personal business interests. Trump’s new venture, World Liberty Financial, seems shady, and folks worry his involvement could hurt the whole industry.
Share link:In this post: The Fed Reserve announced a half-percentage point interest rate cut on Wednesday, the first decrease in 4 years. Before the Sept Fed meeting, politicians and market analysts called for a 50 – 70 basis point cut. Analysts argue that the rate cut decision wasn’t unanimous, which should raise some red flags.
- 22:00Eric Trump Calls Bitcoin "Digital Gold" and Enters the Crypto Industry Due to Political AttacksAt the Consensus 2025 conference held in Toronto, Eric Trump, son of U.S. President Donald Trump, stated: "I truly believe Bitcoin is digital gold... I believe it is a store of value." He noted that it was "when the same people attacking my family also started attacking the crypto community" that he became connected with the crypto circle. He also mentioned: "I also realized some limitations of real estate... Real estate cannot be moved, it's very hard to sell... you need to constantly manage it." In contrast, "you suddenly have this digital asset that you don't need to watch over, don't need to manage, and it's easy to trade." Eric Trump is the co-founder and Chief Strategy Officer of the Bitcoin mining company American Bitcoin, which plans to go public through a merger with Gryphon Digital Mining.
- 22:00U.S. Deputy Treasury Secretary: Inflation Will Return to Target LevelU.S. Deputy Treasury Secretary: Not concerned about the continued rise in prices. Inflation will return to target levels.
- 21:59Ethereum Co-Founder: Ethereum is an Alternative to Bitcoin, Not a CompetitorAt the Consensus 2025 conference, Ethereum co-founder Anthony Di Iorio stated that Ethereum "was not created to compete with Bitcoin, but to be an alternative." Reflecting on Ethereum's early development, he said, "We could feel it was on the rise." Di Iorio initially entered the crypto space by advocating for Bitcoin and met Vitalik Buterin during a Bitcoin meetup in Toronto in 2012. He emphasized, "Ethereum has the potential to eventually surpass Bitcoin in market capitalization... With the number of use cases and the value Ethereum can create, I believe it has that opportunity."