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Share link:In this post: Donald Trump has chosen Ohio Senator JD Vance, a strong cryptocurrency supporter, as his running mate for the 2024 presidential election. JD Vance, once a critic of Trump, has shifted to become a key ally, with a stance against US aid to Ukraine and support for Trump’s claims about the 2020 election.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly rec
Share link:In this post: Jerome Powell announced that the Federal Reserve will not wait for inflation to hit 2% before cutting interest rates, aiming to act based on current trends and data. Powell expressed confidence in recent positive inflation data and reassured that a “hard landing” for the U.S. economy is unlikely. Bitcoin started rising when CPI data came in a few days ago and had already surpassed $64,000 at the time of writing.Disclaimer. The information provided is not trading advice. Cryptopolit
Bitcoin breaks above $63,000 after Donald Trump survives assassination attempt.Bernstein says the “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor.”South Korea proposes pushing back crypto gains taxation to 2028.The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
- 21:56Trump says proposed spending bill will mean "the largest tax cut in American history"On May 1st, U.S. President Trump stated that the "big beautiful bill" currently in the works might be "bigger than tariffs." Trump praised Senate Majority Leader Thune for his work on legislation and added that Democrats are "trying to block it at every turn," warning that "if they succeed, it will mean a 58% tax increase." Trump reiterated that the proposed spending bill would mean "the largest tax cut in American history."
- 21:56Fed's Mouthpiece: Dallas Fed's "Trimmed Mean" PCE Indicator Falls Below 2.5% Year-on-Year for the First Time Since September 2021According to MetaEra news, on May 1 (UTC+8), "Fed's mouthpiece" Nick Timiraos commented that the Dallas Fed's "trimmed mean" PCE indicator fell below 2.5% year-on-year for the first time since September 2021.
- 21:55Ripple's Acquisition of USDC Issuer Circle RejectedAccording to a report by Jinse Finance, Ripple offered $4 billion to $5 billion in an attempt to acquire stablecoin issuer Circle, but the offer was rejected due to being too low. Ripple has not yet decided whether to make another acquisition offer.