David Bailey, CEO of BTC Inc., was one of dozens of insiders invited to the recent Trump Cryptocurrency Summit. He suggested on social media that the president's two ideas could be combined to increase cryptocurrency reserves without spending a penny. Bailey said that many elites in emerging markets want to live in the United States, but it is difficult to transfer $5 million overseas. Bitcoin provides a simpler, safer, and more prudent solution, and it should be considered that Trump's proposed "gold card" program could be paid with Bitcoin. If the government really takes this measure, it should send another clear signal to the world that the United States is serious about incorporating Bitcoin into its internal policies.
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Crypto executives suggest that Bitcoin can be exchanged for Trump's "gold card"
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The US spot Bitcoin ETF saw a net inflow of $54.8 million yesterday.
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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.
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He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.
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Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)
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White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates
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The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.
yield on the US 10-year Treasury rose 2 basis points to 4.12%, reaching a new high since November 2020. -
Social media platform "X" has been fined €120 million by the European Union for violating content regulations.
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