Now is the monkey market, jumping up and down, which makes people feel dissatisfied, but this also gives us the opportunity to buy low and sell high to increase the number of tokens. Thanks to the main force! Let's take a look at what is in today's news:
1. Trump said Elon Musk may have a place in the new government
Republican presidential nominee Donald Trump said that if he wins the general election in November, he will consider letting Elon Musk join his cabinet.
Comment: The strong combination of Trump and Musk will surely promote the crypto bull market, of course, the premise is that Trump can be successfully elected as president.
2. Tether minted another $1 billion USDT on the Tron network
Stablecoin issuer Tether minted another $1 billion USDT tokens on the Tron network, bringing the total amount of USDT minted last year to $33 billion, of which 19 billion were in Tron and 14 billion were in Ethereum.
Comment: Although there is no necessary connection between the increase in USDT supply and the increase in price, the additional issuance is definitely for buying coins. You can carefully taste the relationship between them.
3. China's Supreme Court amends anti-money laundering law to include "virtual assets"
The Supreme People's Court and the Supreme People's Procuratorate have recently issued a judicial interpretation that "virtual asset" transactions are one of the seven specific circumstances in the Criminal Law that "use other methods to conceal and conceal the source and nature of criminal proceeds and their proceeds."
Comment: It is a crime to trade and transfer black money through virtual assets. Simply speculating in cryptocurrencies is not illegal. Don't be misled by some headlines.
