Trump Softens, Market Improves, Is He Preparing to Drain Liquidity from the Crypto Industry Again?
Written by: Alex Liu, Foresight News
Graphics: Raven, Foresight News
Note: The "Weekly Hot Searches" are compiled from user search results on Foresight News from last Friday to this Thursday (April 18 to April 24), with case variations of the same concepts merged.
Trump "Softens", Market Rebounds
On April 23, Trump stated that he would significantly reduce tariffs on China and would not take a hard-line stance. With his softening, the market rebounded significantly, with Bitcoin returning above $90,000.
The market is good, is he preparing to drain liquidity from the crypto industry again?
TRUMP Meme (@GetTrumpMemes) tweeted on the 24th, "On May 22, top TRUMP token holders will have a private dinner with President Trump at the Trump National Club in Washington, D.C. Additionally, the first batch of unlocked tokens and subsequent daily release portions will be extra locked for 90 days." The TRUMP Meme official website shows that this private dinner event is only applicable to the first 220 TRUMP holders.
Upon the news, TRUMP surged over 70%, but subsequently significantly retraced, currently trading at 13 USDT.
More Hot Search Updates
- Zora announced the opening of "airdrop" claims. This airdrop will distribute 1 billion "ZORA" tokens to 2,415,024 addresses. Most airdrop tokens are allocated based on the first snapshot. The proportion of airdrops allocated in the second snapshot is smaller and covers Coins activities on Zora's latest protocol. The specific allocation is calculated based on user activities on Zora and overall participation in the current and previous protocols, including but not limited to minting, trading, and referrals. Zora reminds: "ZORA tokens are for entertainment only and cannot be used for investment."
- Full-stack RWAfi public chain and RWA ecosystem Plume Network announced the appointment of Salman Banaei, a former U.S. regulatory official and crypto executive, as their new Chief Legal Officer.
- Sui announced a partnership with financial platform xMoney and crypto app xPortal to launch a digital Mastercard supporting SUI tokens, now live in Europe. Users can add the card to Apple Pay and Google Pay, enabling everyday spending of crypto assets.
- On April 22, the Hyperlane Foundation announced that "HYPER" claims are open, continuing until May 22 at 21:00. Users can stake HYPER on Symbiotic to receive stHYPER, and holding stHYPE grants a 1.6x multiplier for HyperStreak.
- JD Group Vice President and Chief Economist Shen Jianguang stated that JD has entered the "stablecoin" issuance "sandbox" testing phase in "Hong Kong", with stablecoin-related legislation still in progress and no clear provisions yet. It is expected that after the Hong Kong "Stablecoin Draft Regulation" is approved, the Hong Kong Monetary Authority can officially issue specific implementation rules for stablecoins.
