Donald Trump

White House Announces Crypto Roundtable for Next Week

Published

2 months ago

March 1, 2025

U.S. President Donald Trump will host a crypto summit on March 7, the White House announced.

White House Crypto and AI Czar David Sacks and Bo Hines, the executive director of a working group on digital assets, will run the meeting, though Trump will speak at the summit, a late Friday press release said.

“Attendees will include prominent founders, CEOs, and investors from the crypto industry, as well as members of the President’s Working Group on Digital Assets,” the release said.

The summit will come just about a month after Sacks, alongside congressional leaders, gave his first public remarks as Trump’s crypto czar.

“We want to keep that innovation onshore in the U.S.,” he said at the Feb. 4 press conference. “Financial assets are destined to become digital, just like every analog industry has become digital, and we want that value creation to happen in the United States, rather than giving it away to other countries.”

The White House did not name the summit’s other attendees.

Friday’s announcement ends a busy week for the crypto industry. Earlier in the day, a federal judge signed off on the Securities and Exchange Commission’s motion to withdraw its case against Coinbase.

Joe Lubin, the CEO of Ethereum incubator ConsenSys, and Cameron Winklevoss, the co-founder of exchange Gemini, both said earlier in the week that the SEC informed their respective companies that it would shutter its investigations into those firms.

The SEC also filed to pause its case against the Tron Foundation and founder Justin Sun.

“After the previous administration unfairly prosecuted the digital asset space, President Trump’s policy vision represents a new era for digital financial technology,” the press release said. “The administration is committed to providing a clear regulatory framework, enabling innovation and protecting economic liberty.”

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Donald Trump

Trump Memecoin’s 85% Weekly Surge Defies Democrats’ Call for Impeachment, Massive Unlocks

Published

18 hours ago

April 26, 2025

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TRUMP, the memecoin tied to U.S. President Donald Trump, is up about 16% in the last 24 hours, even as Democratic lawmakers cite the president’s involvement with the token as potential grounds for impeachment and after a massive unlock earlier in the month.

At a town hall on Friday, Sen. Jon Ossoff (D-Ga.) pointed to the crypto project offering its top holders an invitation to a dinner event with President Trump, calling it a clear case of selling access to the presidency, NBC News reports.

“When the sitting president of the United States is selling access for what are effectively payments directly to him. There is no question that that rises to the level of an impeachable offense,” Ossify said.

U.S. Senators Adam Schiff (D-Calif.) and Elizabeth Warren (D-Mass.) also sent a letter on April 25 to the U.S. Office of Government Ethics asking for an investigation to determine if President Trump violated federal ethics rules by inviting top investors.

The allegations stem from an announcement that a private dinner will be held on May 22, where the top 220 TRUMP memecoin holders can meet with the U.S. President.

Still, the TRUMP token has kept on rising. The memecoin surged over 70% after the event was announced and has already been up 85% over the last seven days.

The rise came even after the token saw a massive $320 million unlock earlier this month, significantly inflating its circulating supply. In less than three months, TRUMP token is set to endure an additional unlock of 25.1% of its current circulating supply, at the time of writing, worth nearly $780 million.

Despite the recent rise, the token is still down more than 77% from its all-time high above $70, which it saw shortly after launch. Its subsequent price plunge led to an estimated $2 billion of investor losses.

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Donald Trump

Dinner With Donald Trump Might Cost Just Over $400, Team Behind his Memecoin Says

Published

2 days ago

April 25, 2025

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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Bitcoin

Bitcoin Price Recovery At Stake If This Level Doesn’t Hold, Crash Could Erase Gains

Published

3 days ago

April 24, 2025

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Crypto analyst Rekt Capital has revealed that the Bitcoin price recovery could be at stake if it doesn’t hold above a particular level. Failure to hold this support level could cause the leading crypto to crash and erase all gains that it has enjoyed this past week.

Bitcoin Price Needs To Hold Above $93,500 To Avoid Another Crash

In an X post, Rekt Capital indicated that the Bitcoin price needs to hold above $93,500 to avoid another crash. He remarked that the downside deviation is on the cusp of ending, but BTC now needs to stabilize above this support level of $93,500. The analyst added that ideally, the leading crypto needs a weekly close above this level and reclaim it as new support to resynchronize with the former Reaccumulation range.

The Bitcoin price has already rallied above $93,500 this week as the leading crypto decoupled from stocks, with investors viewing it as a safe haven amid the market uncertainty caused by Donald Trump’s tariffs. However, as Rekt Capital suggested, BTC now needs to hold above $93,500 to confirm this breakout and avoid this being another bull trap.

The Bitcoin price is likely to reclaim the $100,000 mark and even reach new highs if it can hold above this crucial support level. Rekt Capital’s accompanying chart showed that BTC could rally to as high as $110,000, marking a new all-time high (ATH) for the leading crypto.

Crypto analyst Ezy Bitcoin also predicted that the Bitcoin price could rally to as high as $166,700. He stated that the Wyckoff Re-accumulation phase is playing out beautifully. The analyst further remarked that the structure points toward continued strength with the spring confirmed and price jumping across the creek. Ezy Bitcoin outlined $131,500, $144,900, and $166,700 as the targets if this bullish momentum holds.

BTC Needs One More Leg On The LTF To Confirm Breakout

In an X post, crypto analyst CrediBULL Crypto stated that the Bitcoin price needs one more leg on the lower timeframes (LTFs) to seal the deal. If that happens, he asserted that dips are for buying until BTC reaches at least $150,000. His accompanying chart showed that the leading crypto could break above $100,000 again on this next leg up.

However, if the Bitcoin price doesn’t record another leg to the upside and instead corrects below $89,000 first, CrediBULL stated that BTC then ends up with a 3-legged corrective structure. He added that it would mean that market participants have to wait longer for the “real” breakout.

At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap.