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#Trump's supporting #DREP
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Top 10 crypto news for yesterday

1. #Bitcoin Nears $30,000**: Bitcoin's price surged close to the $30,000 mark, driven by weak economic data from China and declining global yields.$BTC

2. #PayPal Expands Crypto Services**: PayPal announced the expansion of its crypto services to the EU and UK, allowing users to buy, sell, and hold cryptocurrencies directly through their PayPal accounts.

3. #MetaMask Launches Pooled Staking**: MetaMask introduced a new feature that allows users to participate in pooled staking for Ethereum (ETH), making it easier for users to earn rewards from staking.$ETH

4. **Brazil's Largest Bank Embraces Crypto**: Brazil's largest bank expanded its crypto trading services to all customers, allowing them to trade Bitcoin and Ether directly through the bank's platform.

5. #Trump's Crypto Stance**: Former U.S. President Donald Trump expressed his support for cryptocurrencies, stating that he wants all remaining Bitcoin to be "Made in USA" during a meeting with Bitcoin mining executives.

6. **Fidelity Tokenizes Money Market Fund**: Fidelity International announced the tokenization of its money market fund on JPMorgan's blockchain, joining the Tokenized Collateral Network (TCN) to enhance liquidity and efficiency.

7. #Cardano 's Voltaire Upgrade**: Cardano's co-founder, Charles Hoskinson, confirmed that the network is on track for its Voltaire upgrade this month, which aims to enhance governance and decentralization.

8. **ZKSync's Airdrop Announcement**: ZKSync announced an upcoming airdrop of its ZK tokens, with 17.5% of the total token supply set to be distributed to users next week.

9. **DeFi Technologies' New Validator Node**: DeFi Technologies revealed plans to launch a validator node and stake $100 million in Bitcoin (BTC) to support the network and earn staking rewards.

10. **Hong Kong's Crypto ETF Flexibility**: Hong Kong's Finance Secretary highlighted the city's flexibility in accommodating six spot crypto ETFs, aiming to attract more crypto investments and boost the local market.

In a groundbreaking move, Bitcoin and cryptocurrency are set to play a pivotal role in the American Presidential Election cycle for the first time. Donald Trump's embrace of crypto marks a stark departure from his previous stance, positioning himself as the preferred candidate for digital asset enthusiasts. His outreach to the crypto community contrasts sharply with the Democrats' perceived opposition, highlighting a growing partisan divide over crypto regulation. Trump's endorsement and campaign strategies signal a shift in political dynamics, reshaping the conversation around cryptocurrency's role in governance and policy-making.
#CryptoWatchMay2024 #ETHETFS #buythedip #Trump's

How important is Trump's support for crypto for the crypto market?

Donald Trump wasn't much of a fan of cryptocurrencies during his first stint in the White House. He even said in one of his posts that "they were baseless". But he later sold millions of dollars worth of NFTs and began touting himself as the preferred candidate of the crypto masses.

"If you're for crypto, you're going to vote for Trump because they want to end it," he said at the party at Mar-a-Lago on Wednesday, referring to Democrats and President Joe Biden. said. He also promised that his campaign would start accepting crypto donations.

The 77-year-old candidate's sharp comeback did not come as much of a surprise among the audience of about 200 of his supporters. Many had purchased $10,000 #Trump Trading Card NFTs to attend the former President's massive event at his Florida palace.

Very few of the questions asked at the event were crypto-related, but they were enough to clarify some things:
Trump is not competent in cryptocurrencies, he is competent in selling cryptocurrencies. Neither of these two items matter much because Trump has declared himself the “leader” of cryptocurrencies.

Asked what he thought about central bank digital currencies (#CBDCs ) and government-owned blockchains, Trump said: “There is a time and a place for them all.” he answers. However, these two issues are often opposed by crypto advocates.

Trump continues: “Looking at crypto, we can see that the technology that people turned their noses at a few years ago and said would fail is now breaking records. “We can accept that this is a currency, I am accepting it more and more every day.”

In short, #Trump's support for crypto may not be as big a deal as the industry thinks. But of course, he is still the first major party presidential candidate to embrace crypto.
$BTC $ETH $BNB

Donald Trump Looked for a Solution in Bitcoin to Solve the USA's 35 Trillion Debt!

Bitcoin Magazine #CEO included Donald #Trump's remarkable interest in #Bitcoin (BTC). David Bailey, CEO of Bitcoin Magazine and an assistant in Trump's cryptocurrency campaign, made remarkable statements.

Bailey stated that #Trump consulted him about whether Bitcoin could be a solution to solve the US's $35 trillion debt, and that this conversation took place in the first meeting.
In response to Trump's question, Bailey said that he had some ideas but was not ready to discuss this issue in their first meeting.

The Bitcoin Magazine team, one of the first content producers of the cryptocurrency industry, continues to advise Trump on developing a friendly policy towards Bitcoin and cryptocurrencies. #Ethereum founder Vitalik Buterin was once a content editor for this team.

Trump, who included cryptocurrency donations in his presidential election campaign and stated that he would bring freedom to cryptocurrencies in almost every speech, managed to attract the attention of the industry.

It is thought that the US presidential elections, which will take place in November, will have a serious impact on cryptocurrencies.
$BTC