Cointime

Cointime

Download App
iOS & Android
Home / Point

Justin Sun talks with Trump's son: Cryptocurrency will replace traditional banks and bring financial freedom to the world

According to official sources, at the TOKEN2049 Dubai conference on May 1st, Huobi HTX global advisor and Tron founder Sun Yuchen had a fireside chat with Eric Trump, son of Donald Trump, and Zach Witkoff, co-founder of the Trump family project WLFI (World Liberty Financial). Sun Yuchen stated that the high transparency of cryptocurrencies is crucial, as blockchain can record all transactions, replacing the opaque operations of traditional banks. He also announced that Tron will collaborate with WLFI's decentralized stablecoin project USD1, with the goal of extending financial freedom globally. Eric Trump pointed out that traditional finance has many problems such as privilege and low efficiency, while cryptocurrencies are a tool for achieving financial freedom, helping users break free from government or inflationary currency dependence. He emphasized that cryptocurrencies will replace traditional banks. Currently, the Trump administration's positive stance on cryptocurrencies is sending a strong signal that it will lead the crypto revolution.

Comments

All Comments

Recommended for you

  • BitMine increased its holdings by approximately 138,400 ETH last week, bringing its total holdings to over 3.86 million ETH.

    as of 8 PM Eastern Time on December 7, BitMine's cryptocurrency holdings include: 3,864,951 ETH (an increase of 138,452 ETH compared to last week), valued at approximately $13.2 billion at current prices; 193 BTC, $36 million shares of EightcoHoldings (Nasdaq code: ORBS), and $1 billion in unsecured cash.

  • Robinhood plans to launch altcoin contracts and reduce fees.

    Robinhood announced on Monday plans to attract more high-level, high-volume cryptocurrency traders in the US and EU by launching new features including reduced fees and increased leverage for altcoin futures. The company stated in a release that it has expanded the available fee tiers in the US from three to seven, "offering rates as low as 0.03% for high-volume users." In the EU, users wishing to trade perpetual futures can now trade new pairs of XRP, DOGE, SOL, and SUI, with eligible customers able to trade with up to 7x leverage.

  • Hassett: Trump will release a lot of positive economic news.

     White House National Economic Council Director Hassett: Trump will announce a large number of positive economic news.

  • White House economic advisor Hassett: Interest rates should continue to be lowered.

     White House economic advisor Hassett expressed views on the Federal Reserve, stating that interest rates should continue to be lowered. Regarding how low the rates should be reduced, he said it is necessary to closely monitor the data situation. He also stated that it would be irresponsible to announce interest rate commitments for the next six months at this time.

  • Hyperliquid adds STABLE perpetual contracts

     according to official news, Hyperliquid has newly launched the STABLE/USDC perpetual contract, with up to 3x leverage available.

  • Tether mints 1 billion USDT on the Tron network.

    according to Whale Alert monitoring, at 21:05:18 Beijing time, Tether Treasury minted 1 billion USDT on the TRON network.

  • Paradigm invests $13.5 million in Brazilian stablecoin startup Crown.

    crypto venture capital firm Paradigm announced an investment of $13.5 million in Brazilian stablecoin startup Crown. This round of financing values Crown at $900 million. The BRLV stablecoin created by Crown is pegged to the Brazilian real and fully backed by Brazilian government bonds, becoming the largest emerging market stablecoin globally. Unlike the zero-interest Tether, BRLV offers institutional clients up to 15% Brazilian benchmark interest rate returns, with subscriptions exceeding 360 million reais (approximately $66 million) so far.

  • BlackRock submits application to pledge the iShares Ethereum Trust ETF

    Bloomberg analyst Eric Balchunas stated that BlackRock has submitted the formal prospectus (Form S-1) for the iShares Staked Ethereum Trust ETF to the U.S. SEC, which will become its fourth crypto-related ETF product. Previously, BlackRock had applied for spot Bitcoin, spot Ethereum, and "Bitcoin Yield" ETFs.

  • BlackRock transferred approximately 1,197 BTC, worth over $110 million, to Coinbase.

    according to Arkham monitoring data, after depositing 24,791 ETH (approximately 78.3 million USD) into Coinbase Prime, BlackRock has just transferred a total of about 1,197 bitcoins, worth approximately 110.15 million USD, to the Coinbase Prime address.

  • Star: In the future, 50% of global economic activity will run on the blockchain.

    On December 8th, OKX CEO Star stated at the Abu Dhabi Finance Week that the internet generation (a generation that has grown up in the internet environment) is creating a brand new on-chain economy. In the coming decades, approximately 50% of the global economic activities will operate on the blockchain. This is not speculation, but a financial infrastructure that matches the lifestyle of a generation raised in a digital, mobile, and AI environment.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company