Crypto Morning News: Trump to host dinner for top 220 TRUMP holders, Zora opens airdrop claims
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Crypto Morning News: Trump to host dinner for top 220 TRUMP holders, Zora opens airdrop claims
New SEC Chair Paul Atkins pledges a "rational, coherent" regulatory approach to cryptocurrencies.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Trump says he has no intention of firing Powell, but rates should be lowered
According to the Global Times, U.S. President Donald Trump stated on April 22 local time that he does not intend to fire Federal Reserve Chair Jerome Powell, but continues to insist that the Fed should lower interest rates. Trump hopes Powell will take more aggressive action on interest rates. Previously, Trump had repeatedly criticized Powell publicly, calling his actions "slow and wrong," and even implying it would be better for him to leave sooner rather than later—remarks that triggered market unease, leading investors to sell U.S. stocks, bonds, and the dollar, sending gold prices soaring to record highs. Powell responded by saying the Fed would not yield to political pressure and would remain focused on fighting inflation.
The Wall Street Journal: U.S. tariffs on some Chinese goods may be cut by more than half
According to The Wall Street Journal, the Trump administration is considering significantly reducing tariffs on Chinese imports, with tariffs on certain goods potentially being cut by over half, in an effort to ease trade tensions with Beijing. Sources familiar with the matter said that President Trump has not yet made a final decision, and discussions are ongoing, with multiple options under consideration. The move aims to alleviate U.S.-China trade tensions that have already impacted global trade and investment.
New SEC Chair Paul Atkins pledges “rational, coherent” approach to crypto regulation
According to The Block, Paul Atkins, the newly sworn-in chair of the U.S. Securities and Exchange Commission (SEC), said during his inauguration ceremony on Tuesday that he will provide clear regulatory foundations for digital assets through a “rational, coherent, and principled” regulatory approach. This marks a significant shift in the SEC’s direction, contrasting sharply with the stringent stance of former Chair Gary Gensler. Atkins emphasized, “Under my leadership at the SEC, I can confidently say this is a new era.” The SEC has established a cryptocurrency task force and held roundtable discussions aimed at bringing greater regulatory clarity to the digital asset space.
Bitcoin market cap surpasses Alphabet (Google), rises to fifth globally
According to the latest data from 8marketcap, Bitcoin’s market capitalization has surpassed that of Alphabet (Google) and now ranks fifth among global assets by market cap.
Glassnode: $97,000 level could be key resistance for BTC
Glassnode noted that the $97,000 price level may serve as a critical resistance zone, potentially hindering BTC’s breakout toward $100,000. Cost basis distribution data shows a high concentration of approximately 392,000 bitcoins held within this price range. As a result, some investors may choose to sell at breakeven levels here, creating a notable resistance area.
New Hampshire Senate Finance Committee passes Bitcoin reserve bill
According to Bitcoin Laws, New Hampshire’s Bitcoin reserve bill HB 302 has passed the Senate Finance Committee vote with a result of 4 in favor and 1 opposed.
Trump to host dinner for top 220 TRUMP token holders
The Trump Dinner website indicates that Donald Trump will host a “TRUMP DINNER” event for holders of the TRUMP token, inviting the top 220 holders by balance.
SOL Strategies secures $500 million convertible debt financing to increase SOL holdings
According to SolanaFloor, Canadian publicly traded company SOL Strategies has secured a convertible debt financing facility of up to $500 million from ATW Partners. The funds will be used exclusively to purchase SOL and stake it on validator nodes operated by the company. The first tranche of $20 million is expected to settle by May 1, with staking rewards shared between both parties.
Zora announces airdrop claim portal now open
According to official sources, Zora has opened its airdrop claim portal, with no current deadline announced for claiming.
DWF Labs partners with Mask Network
DWF Labs announced a strategic partnership with Mask Network and invested $5 million to acquire $MASK tokens, aiming to advance the development of decentralized social layers and the Web3 ecosystem.
Binance Wallet: USDT rewards airdropped to eligible Stakestone Berachain participants
Binance Wallet announced on social media that, in appreciation of community support, Stakestone and Binance Wallet have jointly airdropped additional USDT rewards on the BNB Chain to all eligible participants of the Stakestone Berachain campaign.
Market Data
Suggested Reading
This article discusses Ethereum’s challenges in the cryptocurrency market, particularly amid falling prices and perceived lack of technological innovation, including the collapse of holder confidence and divergent views about its future. It also examines challenges within the Ethereum ecosystem, such as debates over scaling solutions and the value of decentralization.
BTC Reclaims $94,000, But Spring Won't Return for Early Investors
This article discusses how market sentiment surged after Trump announced reduced tariffs on China, pushing Bitcoin back above $94,000. However, early investors continue to suffer heavy losses due to token lockups, with their holdings having declined an average of 50% over the past year. The article explores the challenges facing early-stage crypto investors and risks associated with vesting mechanisms, arguing that the market needs more transparent and liquid investment models.
Uncovering the Big Business of MEV on Solana
This article explores a major growth vector in crypto—real-world asset tokenization (RWA)—and provides a detailed comparison of four leading RWA protocols: Ondo, OpenEden, Plume, and Ethena. It analyzes their core value propositions, market strategies, challenges, and potential to bring traditional financial assets on-chain.
Arthur Hayes' New Essay: Bitcoin Rejoins Gold’s “Only Up” Club, Altseason May Follow
This article examines the impact of Trump’s tariff policies on financial markets, particularly volatility in the U.S. Treasury market. It analyzes the causes and consequences of market fluctuations and discusses Bitcoin’s performance and future potential in this context.
Finding Potential Alpha: 10 Promising Pre-Token Projects
This article highlights ten promising early-stage projects that have not yet launched tokens, spanning areas from decentralized science (DeSci) to institutional-grade decentralized finance (DeFi). Most of these projects are in very early stages, offering potential airdrop opportunities and innovative tokenomics models.
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