Headlines
▌Trump: The US economy is entering a "transition period", refusing to rule out the possibility of a recession
US President Trump refused to rule out the possibility that the US economy will contract and enter a recession this year, saying his comprehensive economic agenda may cause short-term turmoil, but he believes it will drive future prosperity.
In an interview with Fox News' "Sunday Morning Futures" program, when asked if he expects a recession this year, Trump replied: "I hate to predict such things. There is a transition period because what we are doing is very big. We are bringing wealth back to America, and that's a big thing."
US Treasury Secretary Yellen also said last week that the US economy may go through a difficult period during this economic transformation.
However, Commerce Secretary Raimondo ruled out the possibility of economic contraction in her TV speech last Sunday. On NBC's "Meet the Press" program, she said, "The US will not have a recession. The US economy has never fallen into recession since the COVID-19 pandemic began in 2020."
▌ETH falls below $2,000
The market shows that ETH has fallen below $2,000, currently trading at $1,998.2, a 24-hour decline of 9.43%. The market is highly volatile, please manage your risks accordingly.
Market
As of the time of writing, according to Coingecko data:
BTC's latest trading price is $81,156.47, with a daily change of -5.8%;
ETH's latest trading price is $2,030.54, with a daily change of -7.8%;
BNB's latest trading price is $557.55, with a daily change of -6.0%;
SOL's latest trading price is $127.19, with a daily change of -7.3%;
DOGE's latest trading price is $0.1691, with a daily change of -12.1%;
XPR's latest trading price is $2.15, with a daily change of -7.9%.
Policy
▌Texas State Senate Advances Bitcoin Reserve Bill with Bipartisan Support
The Texas State Senate has just passed Senate Bill 21 (SB-21) with a huge majority, a major step towards integrating digital assets into the state's financial system.
The Texas State Senate voted 25 to 5 to pass the Texas Bitcoin Reserve Act, which allows the state to invest public funds in Bitcoin and other digital assets.
According to SB-21, the Texas Comptroller of Public Accounts will manage the Bitcoin reserve. The bill allows the state to hold digital assets with a total market value of at least $500 billion. Currently, Bitcoin is the only asset that meets this requirement.
Funding will come from legislative appropriations as well as private and corporate donations. The bill also establishes a Strategic Bitcoin Reserve Advisory Council, which will oversee the investments and publish a report every two years to ensure transparency and accountability.
Blockchain Applications
▌Tom Cat: The company has established an "AI+IP+Agent" business development direction in its AI business
Tom Cat released an investor relations activity record announcement, stating that the company has established an "AI+IP+Agent" business development direction in its AI business. Around this business development direction, the company will deepen the research and development and upgrade of its products from several dimensions. In terms of product image, the Tom Cat family IP includes 6 classic IP character images, and the company will quickly launch AI emotional companion robots with different IP images to meet the different needs of users for different IP images. Based on the deep-level commonalities in multi-modal technical architecture, large model-driven, and task planning logic, the company will explore the integration with other AI Agents in the fields of ecological collaboration and emotional task execution, and integrate large models, data, and tools in a multi-dimensional and integrated manner into the company's smart home hardware terminals, driving the evolution of AI from single function to "all-round partner".
Cryptocurrencies
▌Grayscale Research Head: Bitcoin's further appreciation does not require reliance on US crypto strategic reserves
US President Trump has signed an executive order to establish a strategic Bitcoin reserve and a separate digital asset reserve, but Grayscale Investments research head Zach Pandl believes that Bitcoin does not need the US strategic reserve to appreciate further this year. He expects Bitcoin's price to be driven higher as adoption increases, and Bitcoin will start to serve as a store of value this year, especially as there are concerns that Trump's tariff policy could lead to another round of inflation.
▌Michael Saylor hints at buying the dips in Bitcoin
Michael Saylor, founder of Strategy, posted on his personal social media platform that if you still have more than one chair, this is your chance. This may be a hint to buy the dips in Bitcoin, meaning that if you still have surplus chairs (i.e. funds or resources), then this is a good opportunity to buy Bitcoin.
▌Early Bitcoin developer Amir Taaki: Cryptocurrencies have failed to realize their vision
Taaki stated on social media that Crypto has failed to realize its vision because no one understands the nature of power. They tried to integrate into the existing truth system, but ended up submitting to its ideology.
Nevertheless, Taaki also made a self-apology, pointing out that the current state of cryptocurrencies is partly due to the inability to propose a compelling proposal outside the centers of power. "The failures are all our own. We must organize and propose a coherent vision," he assessed.
▌Elizabeth Warren writes to David Sachs: How to prevent others from profiting from the government's selective pumping of certain crypto asset prices
Senator Elizabeth Warren wrote to crypto czar David Sachs, asking "how he will prevent the president and other private individuals from directly profiting from the Trump administration's selective pumping of certain crypto asset prices."
▌Enigmafund VC founder: BlackRock still holds over 571,514 BTC
The founder of Enigmafund VC posted on X that BlackRock still holds over 571,514 BTC (about $48,007,176,000). Over the past 7 days, they have sold about 1,621 BTC (current value $136,164,000-$145,890,000).
▌Over $473 million liquidated in the past 12 hours, mainly long positions
Data shows that in the past 12 hours, the total network liquidation amount reached $473 million, of which long positions were liquidated for about $427 million, and short positions were liquidated for about $46.32 million.
▌El Salvador added 5 more BTC today, bringing its total holdings to 6,111 BTC
On-chain data shows that 2 hours ago, El Salvador added 5 more BTC ($415,000), bringing its total holdings to 6,111 BTC, worth $492.5 million.
Important Economic Dynamics
▌Trump: We are negotiating with four different teams on TikTok
US President Trump: We are negotiating with four different teams on TikTok; these four teams are all excellent.
Jinse Encyclopedia
DeFAI is the integration of the decentralized finance (DeFi) ecosystem with AI-driven analysis and automation. DeFAI is still in the early stages, mainly focusing on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point for the crypto asset industry.
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept, and must improve risk awareness.
