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Justin Sun Gave Blank Check to Germany to Save Bitcoin! $BTC $ETH Tron (TRX) founder Justin Sun gave the German government a blank check for Bitcoin. Sun wants to buy the coins held by the German government in order to relieve the selling pressure on Bitcoin. Ready to Sit at the Bargaining Table Germany seized tens of thousands of Bitcoins on illegal platforms as a result of operations carried out in recent months. German authorities sent tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges throughout this week. Arkham CEO stated that Bitcoin is often sent to central cryptocurrency exchanges with the intention of selling. Justin Sun stated, “I am ready to negotiate with the German government to buy all BTC off the market in order to minimize the impact on the market. ” Has One of the Biggest Wallets According to Arkham data, the German government still has 40,359 Bitcoins worth $2.33 billion in its wallet, despite the coins it has recently disposed of. The transactions made by Germany have recently led to increased sales pressure on Bitcoin. According to CoinGecko data, Bitcoin fell below $58,000 today. According to Bitcoin Treasuries data, Germany has one of the largest Bitcoin wallets among states. Germany is on this list after the USA, China, the United Kingdom and Ukraine. #JustinSun #Bitcoin❗

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Donald Trump Declares Himself the Crypto President Republican presidential candidate Donald Trump declared himself the "crypto president" at a fundraising event in San Francisco. The event, hosted by tech entrepreneurs David Sacks and Chamath Palihapitiya, raised $12 million. It was held at Sacks' luxurious home in the Pacific Heights neighborhood. Trump criticized Democrats' efforts to regulate the crypto industry, reiterating that he sees crypto as an important tool for America and strongly supports it. Challenges in Crypto Regulation The crypto industry, while grappling with regulatory scrutiny, is increasingly influencing U.S. politicians. In 2022, the bankruptcies of major crypto firms scared investors and exposed widespread fraud and misconduct, leading to significant financial losses for millions. Despite these issues, Trump still claims to love the industry. However, it's worth noting that he has not provided any specific policy details. In 2022, President Joe Biden signed an executive order to ensure the "responsible development of digital assets." This led to reports calling on regulators like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission to create guidelines addressing risks in the crypto industry. The Biden administration expressed willingness to work with Congress to develop a regulatory framework for cryptocurrencies. White House spokesperson Robyn Patterson stated that the Biden administration aims to support innovation in digital assets while protecting consumers from risks associated with new technologies. This position contrasts with Trump's promise to end what he calls the Biden-Gensler crusade against crypto if he is re-elected. $BTC #Biden #TrumpCryptoSupport #Bitcoin❗ #CryptoNewss $ETH

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Lark Davis: Bitcoin ETFs and Institutional Entries Will Trigger the Big Rally Lark Davis: Bitcoin ETFs and Institutional Entries Will Trigger the Big Rally Crypto analyst Lark Davis predicts that this bull run will be extraordinarily significant. He attributes the upcoming surge to institutional investors' participation and the demand for Bitcoin ETFs. Davis highlights the recent large accumulation of Bitcoin by fund issuers and leading companies, shedding light on the future potential of the crypto market. Institutional Investments and Market Dynamics Discover the reasons behind the anticipated major bull run in the crypto markets. In a recent post on X (formerly known as Twitter), Lark Davis predicted a massive bull run, which he described as "face-melting." He pointed to institutional investors as the most crucial factor distinguishing this cycle from previous ones. Specifically, the demand for US Spot Bitcoin ETFs has led to daily inflows of hundreds of millions of dollars. Davis noted that in the last 18 trading days, fund issuers have purchased 56,150 BTC, which exceeds the new Bitcoin supply issued over four months. These aggressive purchases by institutions indicate a significant interest and investment in Bitcoin. Accumulations by Leading Companies Beyond fund issuers, leading companies like MicroStrategy, Block, and Semler Scientific are also regularly increasing their Bitcoin holdings. Davis also suggests that global asset managers and pension funds are positioning themselves to invest in Bitcoin, with growing interest from traditional financial institutions. #Bitcoin❗ #ETFvsBTC #CryptoNewss $BTC

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BitMEX Founder Arthur Hayes’ Bullish Message: I’m Buying Bitcoin and These Altcoins! BitMEX Co-Founder Arthur Hayes Advises Investors to Take Long Positions on Bitcoin and Shitcoins like DOGE, SHIB in Response to Central Bank Policies Arthur Hayes, the outspoken co-founder of BitMEX, has shared his latest insights on recent macroeconomic developments and their impact on the crypto market in his new article. Referring to the G7 central banks as the "Group of Fools," Hayes criticized their policies. Hayes stated that he will continue investing in Bitcoin and altcoins due to the policies of the G7 central banks. He reiterated a prediction from his previous article, which was based on the dollar-yen relationship. Hayes predicted that to strengthen the weakening Japanese yen, the Federal Reserve will print new dollars and engage in unlimited dollar-yen swaps with the Bank of Japan, resulting in a stronger yen and a weaker dollar. He argued that a weakening dollar could trigger a rally in risk assets like Bitcoin. The FED Will Join Other Central Banks! Commenting on the rate cuts by the European Central Bank (ECB) and the Bank of Canada (BOC) this week, Hayes stated that other major central banks will also join the rate-cutting trend. He believes the key question is whether the Federal Reserve will cut rates before the presidential elections. "If the FED cuts rates at its June meeting while inflation is still above the 2% target, the gap between the dollar and the yen will significantly narrow, which means the yen will strengthen, and the dollar will weaken. However, considering the negative polling results due to rising prices, I don’t think Joe Biden is ready for the FED to cut rates," Hayes said. While he doesn’t expect the FED to cut rates early, he believes the FED will be forced to join the rate-cutting cycle as other major central banks begin to lower rates. #ArthurHayes #Bitcoin❗

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BREAKING: European Central Bank cuts interest rate by 0.25% to 3.75% despite inflation rising last month. Canada also cut rates by 0.25% yesterday. #EURO2024 #European #CryptoNewss #Bitcoin❗ $BTC

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