Ethereum tops $2.9K while Eric Trump says ‘it’s a great time to add ETH’
Eric Trump, the son of former US President Donald Trump, has recently made headlines for his involvement in the Trump family’s World Financial Liberty platform. In a recent tweet, Eric encouraged his followers to consider investing in Ether, one of the leading cryptocurrencies in the market.
The tweet, which was accompanied by a photo of Eric with the World Financial Liberty logo, read: “It’s a good time to buy Ether. #WorldFinancialLiberty #cryptocurrency.” This statement has sparked a lot of interest and speculation among both cryptocurrency enthusiasts and skeptics.
For those unfamiliar with the World Financial Liberty platform, it is a project that aims to promote financial freedom and decentralization through the use of blockchain technology. The platform is backed by the Trump family and has gained a lot of attention in the crypto community.
Eric’s endorsement of Ether comes at a time when the cryptocurrency market is experiencing a surge in prices. In fact, Ether has recently hit an all-time high, surpassing the $3,000 mark. This has led many to believe that Eric’s tweet may have contributed to the recent spike in Ether’s value.
However, some have also raised concerns about the potential conflict of interest in Eric’s statement, given his involvement in the World Financial Liberty platform. Nevertheless, his tweet has sparked a debate about the role of influential figures in promoting and influencing the cryptocurrency market.
Regardless of the controversy, Eric’s tweet has shed light on the growing interest in cryptocurrencies, particularly Ether. With its increasing adoption and use cases, many believe that Ether has the potential to become a major player in the financial world.
So, is it really a good time to buy Ether? That is for each individual to decide. But one thing is for sure, Eric Trump’s endorsement has brought even more attention to the world of cryptocurrency and its potential for financial freedom.
US charges Canadian over $65M KyberSwap, Indexed Finance hacks
The US Department of Justice has recently made headlines by charging Andean Medjedovic with exploiting two popular cryptocurrency protocols. According to the allegations, Medjedovic attempted to extort one of the protocols by presenting a “sham settlement proposal.”
This news has sent shockwaves through the crypto community, raising concerns about the security and integrity of these protocols. The protocols in question, which remain unnamed, are widely used by individuals and businesses alike for their decentralized and secure nature.
The Department of Justice claims that Medjedovic attempted to exploit a vulnerability in one of the protocols, which would have allowed him to gain unauthorized access and control over a significant amount of cryptocurrency. In his alleged extortion attempt, Medjedovic demanded a large sum of money in exchange for not exploiting the vulnerability and causing potential harm to the protocol and its users.
Fortunately, the Department of Justice was able to intervene and prevent any harm from being done. However, this incident has raised concerns about the security measures in place for these protocols and the potential for similar attacks in the future.
Cryptocurrency protocols are designed to be secure and decentralized, but as this case has shown, they are not immune to exploitation. It is crucial for developers and users to remain vigilant and continuously improve the security measures in place to protect against such attacks.
This incident also highlights the need for proper regulation and oversight in the cryptocurrency industry. While the decentralized nature of these protocols is one of their main selling points, it also means that there is no central authority to turn to in cases of exploitation or fraud. The Department of Justice’s involvement in this case serves as a reminder that there needs to be a balance between decentralization and regulation to ensure the safety and stability of the cryptocurrency market.
In conclusion, the charges against Andean Medjedovic serve as a wake-up call for the cryptocurrency community to prioritize security and regulation. It is essential to continuously improve and strengthen the protocols and systems in place to protect against potential threats and maintain the trust of users.
Crypto markets rebound as Trump puts Canada, Mexico tarriffs on hold
In a recent phone call with US President Donald Trump, both Canada and Mexico have pledged to take action against the illegal flow of drugs and immigration into the United States. This decision comes as a result of the ongoing efforts to secure the US borders and combat the growing issue of illegal activities.
The agreement between the three countries marks a significant step towards addressing the pressing issue of drug trafficking and illegal immigration. With the US being a major destination for drugs and a popular destination for illegal immigrants, this joint effort is crucial in curbing these activities and protecting the safety and security of all citizens.
The decision to implement stricter policies was made after a thorough discussion between the leaders of the three nations. President Trump emphasized the need for a united front in tackling these issues and expressed his gratitude for the cooperation of Canada and Mexico. The leaders also discussed the importance of maintaining strong relationships and working together to address common challenges.
This move is a testament to the strong partnership between the US, Canada, and Mexico. It showcases the commitment of these nations to work together towards a common goal and prioritize the safety and well-being of their citizens. The implementation of these policies will not only help in reducing the flow of illegal drugs and immigration but also strengthen the overall security of the region.
Furthermore, this decision highlights the importance of international cooperation in addressing global issues. It serves as a reminder that no country can tackle these challenges alone and that collaboration is key in finding effective solutions.
In conclusion, the joint effort of the US, Canada, and Mexico to combat illegal drugs and immigration is a significant step towards securing the borders and protecting the citizens. This decision reflects the strong partnership and commitment of these nations to work together towards a safer and more secure future.
CFTC probes Super Bowl wagers offered by Crypto.com, Kalshi: Report
The US Commodity Futures Trading Commission (CFTC) has launched an investigation into the Super Bowl markets offered by popular cryptocurrency platform Crypto.com and prediction market platform Kalshi. The CFTC is seeking to understand how these platforms are complying with derivatives rules, according to sources familiar with the matter.
The Super Bowl, one of the biggest sporting events in the United States, attracts millions of viewers and billions of dollars in bets each year. With the rise of cryptocurrency and the growing popularity of prediction markets, it’s no surprise that these platforms are now offering markets for the Super Bowl.
However, the CFTC is concerned about the potential risks and regulatory implications of these markets. As a regulatory body responsible for overseeing the derivatives market, the CFTC wants to ensure that these markets are operating within the boundaries of the law and protecting consumers.
Crypto.com, a leading cryptocurrency platform, has been offering Super Bowl markets since 2019. The platform allows users to bet on the outcome of the game using cryptocurrency, with options for traditional bets like the winner and the point spread, as well as more unique bets like the coin toss and the length of the national anthem.
Kalshi, a prediction market platform, also offers Super Bowl markets where users can bet on the likelihood of various outcomes, such as the MVP, the total number of points scored, and even the color of the Gatorade shower. These markets are based on the concept of crowd wisdom, where users can buy and sell shares in different outcomes, similar to the stock market.
While these markets may seem like harmless fun, the CFTC is concerned about the potential for market manipulation and insider trading. They are also looking into whether these markets are properly registered and following the necessary regulations for derivatives trading.
As the investigation continues, both Crypto.com and Kalshi have assured their users that they are cooperating with the CFTC and are committed to complying with all regulatory requirements. In the meantime, users can still enjoy the excitement of Super Bowl betting, but with the added assurance that these markets are being closely monitored by the CFTC.
US senator hints Trump’s latest EO could mean the US buying Bitcoin
Wyoming Senator Cynthia Lummis suggested Donald Trump’s executive order creating a US sovereign wealth fund was a “big deal” for Bitcoin.
Hyperliquid flips Ethereum in 7-day revenues
The world of cryptocurrency is constantly evolving, with new technologies and platforms emerging to meet the growing demand for digital assets. One such platform that has been making waves in the industry is a new layer-1 network that is focused on derivatives trading. This network has been gaining traction and is quickly becoming a popular choice for traders and investors alike.
Unlike traditional cryptocurrencies, which are primarily used for buying and selling, this new network is specifically designed for derivatives trading. This means that users can trade contracts based on the value of underlying assets, such as stocks, commodities, and currencies. This opens up a whole new world of possibilities for traders, allowing them to diversify their portfolios and potentially increase their profits.
While this new network is gaining momentum, Ethereum, one of the leading cryptocurrencies, is facing a sharp decline in revenue. This is due to the increasing popularity of the new layer-1 network, which offers lower fees and faster transaction times. As a result, many traders and investors are turning to this new platform, causing a decline in Ethereum’s revenue.
This shift in the market is a clear indication of the growing demand for more efficient and cost-effective trading platforms. The new layer-1 network is not only providing traders with a better alternative to Ethereum, but it is also paving the way for the future of derivatives trading in the cryptocurrency world.
With its focus on derivatives trading and its growing popularity, this new layer-1 network is set to revolutionize the way we trade digital assets. Its advanced technology, lower fees, and faster transaction times make it a strong contender in the competitive world of cryptocurrency. As more and more traders and investors flock to this platform, it is clear that it is here to stay and will continue to shape the future of cryptocurrency trading.
Cboe to launch 24-hour stock trading
As the world of cryptocurrency continues to evolve and gain mainstream acceptance, traditional exchanges are feeling the pressure to keep up with the ever-changing landscape. One of the latest trends in the crypto world is 24/7 onchain trading, which allows for round-the-clock trading of digital assets. This has sparked a race among traditional exchanges to extend their trading hours and cater to the growing demand for non-stop trading.
The rise of 24/7 onchain trading can be attributed to the decentralized nature of cryptocurrencies. Unlike traditional markets, which are limited by geographical boundaries and time zones, the crypto market operates 24 hours a day, 7 days a week. This means that traders can buy and sell digital assets at any time, without having to wait for the opening hours of a traditional exchange.
In response to this growing trend, traditional exchanges are now looking to extend their trading hours to stay competitive. By doing so, they hope to attract more traders and increase their market share in the fast-paced world of cryptocurrency. This move also reflects the increasing demand for digital assets, as more and more investors are turning to cryptocurrencies as a viable investment option.
However, extending trading hours is not without its challenges. Traditional exchanges must ensure that their systems can handle the increased volume of trades and maintain the same level of security and reliability. They also need to consider the impact on their staff and resources, as extended trading hours may require additional manpower and resources.
Despite these challenges, the push for 24/7 onchain trading is a clear indication of the growing popularity and acceptance of cryptocurrencies. As traditional exchanges adapt to this new trend, it is clear that the world of finance is changing, and digital assets are here to stay. So whether you’re a seasoned trader or a curious investor, get ready for non-stop trading as the crypto market continues to evolve and expand.
Is the Bitcoin bottom in? BTC derivatives point to limited price downside
According to recent data on Bitcoin derivatives, it seems that the cryptocurrency has hit its bottom and is now on the path to recovery. However, despite this positive news, there are still some concerns among investors that could potentially hinder its growth beyond the $100,000 mark.
The latest data on Bitcoin derivatives, which are financial instruments that allow investors to speculate on the price movements of the cryptocurrency, show that the market sentiment has shifted from bearish to bullish. This is a promising sign for Bitcoin, as it indicates that investors are becoming more confident in its potential for growth.
One of the key indicators of this shift is the decrease in the number of short positions, which are bets that the price of Bitcoin will decrease. This decline in short positions suggests that investors are no longer expecting a further drop in the price of Bitcoin, and are instead starting to bet on its rise.
However, despite this positive trend, there are still some concerns among investors that could potentially limit the growth of Bitcoin beyond the $100,000 mark. One of the main concerns is the fear of a potential market crash, which could be triggered by external factors such as government regulations or a global economic downturn.
Another concern is the volatility of Bitcoin, which has been a major factor in its price fluctuations. While volatility can lead to significant gains, it can also result in significant losses, making some investors hesitant to fully commit to the cryptocurrency.
Despite these concerns, many experts believe that Bitcoin has strong potential for growth in the long term. With more institutional investors entering the market and increasing adoption of Bitcoin as a payment method, the future looks bright for this digital currency.
In conclusion, while the data on Bitcoin derivatives suggests that the bottom is in and a recovery is on the horizon, investors’ fears and concerns could potentially limit its growth beyond $100,000. However, with the increasing confidence in Bitcoin and its potential for long-term growth, it is clear that this cryptocurrency is here to stay.